INGOT Brokers
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Pros and Cons
- Competitive spreads
- Wide range of trading assets
- Advanced trading platforms
- Multiple payment methods
- Regulated by reputable authorities
- Limited availability of ZuluTrade
- Support hours could be improved
- Withdrawal process can be slow
- High inactivity fees
- Complex fee structure
Introduction
INGOT Brokers, established in 6, has steadily become a significant player in the online trading industry.
With regulatory oversight from multiple respected bodies, including the Australian Securities and Investments Commission (ASIC), the Jordan Securities Commission (JSC), and the Financial Services Authority (FSA), it offers traders a safe and reliable environment.
This comprehensive review will delve into various of its aspects, from its trading platforms and account types to fees, customer service, and educational resources, providing a clear picture of what clients can expect.
Create a Free AccountCompany Background
History and Establishment
INGOT Brokers was founded in 2006 with the vision of providing a secure, transparent, and technologically advanced trading environment.
Over the years, it has expanded its reach globally, establishing a strong presence in multiple regions.
The company’s headquarters are in Dubai, UAE, a strategic location that supports its global operations.
Regulatory Oversight
Regulation is a critical factor in choosing a broker, and this one excels in this area.
The company is regulated by:
- ASIC (Australian Securities and Investments Commission): Known for its stringent regulatory standards, ASIC ensures that the company maintains high levels of integrity and transparency in its operations.
- JSC (Jordan Securities Commission): JSC provides oversight for its operations in the Middle East, ensuring compliance with local regulations.
- FSA (Financial Services Authority): The FSA regulates their activities in other jurisdictions, further enhancing its credibility.
These regulatory bodies mandate that the company adheres to strict financial and operational standards, including segregation of client funds, regular audits, and compliance with anti-money laundering (AML) policies.
Security Measures
INGOT Brokers prioritizes the security of its clients’ funds and personal information.
The company uses advanced encryption technologies to protect data and transactions.
Additionally, the segregation of client funds ensures that users’ money is kept separate from its operating funds, providing an extra layer of security.
The broker also offers negative balance protection, which means traders cannot lose more than their initial investment.
Trading Platforms
MetaTrader 4 (MT4)
MetaTrader 4 is one of the most popular trading platforms globally, and for a good reason.
It offers a comprehensive suite of tools and features that cater to traders of all levels.
Key features of MT4 available include:
- Advanced Charting: MT4 provides various chart types and multiple time frames, allowing traders to perform in-depth technical analysis.
- Expert Advisors (EA): Traders can automate their trading strategies using EA, which can execute trades based on pre-set parameters.
- Custom Indicators: MT4 supports custom indicators, enabling users to create and use tailored technical analysis tools.
- Security: The platform uses 128-bit encryption to ensure secure data transmission and transactions.
- Accessibility: MT4 is available on desktop, web, and mobile platforms, ensuring traders can access their accounts anytime, anywhere.
MetaTrader 5 (MT5)
MetaTrader 5 is the successor to MT4 and offers several enhancements.
INGOT Brokers provides MT5, which includes:
- Additional Order Types: MT5 supports a broader range of order types, giving traders more flexibility in their trading strategies.
- Improved Charting Tools: The platform offers more advanced charting tools and a wider array of technical indicators.
- Integrated Economic Calendar: MT5 includes an economic calendar, helping users stay informed about upcoming economic events that could impact the markets.
- Depth of Market (DOM): This feature provides insights into market liquidity and the various price levels, helping traders make more informed decisions.
Both MT4 and MT5 are renowned for their reliability and user-friendly interfaces, making them suitable for both novice and experienced users.
Account Types
Standard Account
The Standard Account is ideal for retail traders and offers competitive spreads, access to a wide range of trading instruments, and the choice between MT4 and MT5 platforms.
The minimum deposit for this account is $100, making it accessible to traders with varying capital levels.
Features include:
- Spreads: Very low spreads, starting from 0.3 pips.
- Leverage: Up to 1:500, allowing traders to amplify their positions.
- Commission: Most trades are commission-free, with costs incorporated into the spreads.
Islamic Account
For traders who require Sharia-compliant trading conditions, it offers an Islamic Account.
This account type adheres to Islamic finance principles and does not charge swap or rollover interest on overnight positions.
Features include:
- Swap-Free: No interest on overnight positions.
- Competitive Spreads: Very low spreads, similar to the Standard Account.
- Platform Access: Available on both MT4 and MT5.
Professional Account
The Professional Account is designed for experienced traders who need advanced features and tighter spreads.
This account offers:
- Lower Spreads: Starting from 0.1 pips, suitable for high-frequency trading.
- Higher Leverage: Up to 1:500.
- Commission: A small commission per trade to reflect the lower spreads.
Trading Instruments
INGOT Brokers provides a diverse range of trading instruments across various asset classes, ensuring that traders can find opportunities that match their strategies and preferences.
Forex
Forex trading is one of its primary offerings, with access to over 60 currency pairs, including major, minor, and exotic pairs.
The tight spreads and high liquidity make forex trading attractive to both novice and experienced traders.
Currency Pair | Spread (Standard Account) | Spread (Professional Account) |
---|---|---|
EUR/USD | From 0.3 pips | From 0.1 pips |
GBP/USD | From 0.4 pips | From 0.2 pips |
USD/JPY | From 0.3 pips | From 0.1 pips |
Indices
Traders can access more than 75 global indices, including major indices from the US, Europe, and Asia.
Trading indices allow investors to speculate on the performance of a group of stocks rather than individual companies, providing broader market exposure.
Index | Available Spreads | Leverage |
---|---|---|
S&P 500 | From 0.5 pips | Up to 1:200 |
FTSE 100 | From 0.6 pips | Up to 1:200 |
Nikkei 225 | From 0.7 pips | Up to 1:200 |
INGOT Brokers offers trading on shares from major global markets.
Traders can buy and sell shares of leading companies, benefiting from price movements and potential dividend payments.
Market | Available Shares | Trading Hours |
---|---|---|
US | Apple, Amazon, Google | 09:30–16:00 (EST) |
UK | Barclays, BP, Vodafone | 08:00–16:30 (GMT) |
Germany | BMW, Siemens, Deutsche Bank | 09:00–17:30 (CET) |
Commodities
The broker provides access to a range of commodities, including precious metals like gold and silver, energy products such as oil and natural gas, and agricultural commodities like wheat and coffee.
Commodity | Spread (Standard Account) | Spread (Professional Account) |
---|---|---|
Gold | From 0.2 pips | From 0.1 pips |
Crude Oil | From 0.3 pips | From 0.2 pips |
Coffee | From 0.4 pips | From 0.3 pips |
Cryptocurrencies
As the popularity of cryptocurrencies has grown, the broker has expanded its offerings to include major cryptocurrencies such as Bitcoin, Ethereum, and Ripple.
Trading cryptocurrencies allows clients to take advantage of the high volatility and potential for significant returns.
Cryptocurrency | Spread (Standard Account) | Spread (Professional Account) |
---|---|---|
Bitcoin (BTC) | From 0.5% | From 0.4% |
Ethereum (ETH) | From 0.6% | From 0.5% |
Ripple (XRP) | From 0.7% | From 0.6% |
Fees and Commissions
Understanding the fee structure is crucial for traders to manage their trading costs effectively.
INGOT Brokers offers competitive fees and commissions across its account types.
Spreads
Spreads are highly competitive, varying depending on the account type and the trading instrument.
The Standard Account offers very low spreads, starting from 0.3 pips for major currency pairs like EUR/USD.
The Professional Account offers even tighter spreads, starting from 0.1 pips.
Commissions
While most trades on the Standard and Islamic Accounts are commission-free, the Professional Account incurs a small commission per trade.
This commission structure is designed to offset the lower spreads available to professional traders.
For instance, trading on the Professional Account might involve a commission of $3 per lot traded.
Deposit and Withdrawal Fees
This broker does not charge any fees for deposits or withdrawals, which is a significant advantage for traders looking to minimize costs.
However, it is essential to note that third-party fees from banks or payment processors may still apply.
The company supports multiple payment methods, including bank transfers, credit/debit cards, PayPal, Skrill, and Neteller.
Inactivity Fees
The broker charges an inactivity fee for accounts that remain dormant for an extended period.
This fee structure is common among brokers and encourages active trading.
The inactivity fee is $10 per month after 12 months of inactivity.
Comparison Table of Fees
Fee Type | Standard Account | Professional Account |
---|---|---|
Spreads (EUR/USD) | From 0.3 pips | From 0.1 pips |
Commission | None | $3 per lot |
Deposit Fee | None | None |
Withdrawal Fee | None | None |
Inactivity Fee | $10/month after 12 months | $10/month after 12 months |
Customer Service
Availability and Channels
The company provides robust customer support through multiple channels, including email, phone, and live chat.
The support team is available 24/5, ensuring that customers can get assistance during the trading week.
This availability is crucial for addressing issues promptly, especially in the fast-paced world of trading.
Response Time and Quality
The response time for customer inquiries is generally swift, with most issues resolved within a few hours.
The support team is knowledgeable and professional, capable of addressing a wide range of questions related to account management, technical difficulties, and trading strategies.
This efficiency ensures that traders can continue their activities with minimal disruption.
Multilingual Support
Recognizing its global clientele, the company offers multilingual support.
This feature ensures that clients can communicate in their preferred language, enhancing the overall customer experience.
Languages supported include English, Arabic, Spanish, and more.
Customer Support Table
Support Channel | Availability | Languages Supported | Response Time |
---|---|---|---|
24/5 | Multiple | Within 24 hours | |
Phone | 24/5 | Multiple | Immediate to 1 hour |
Live Chat | 24/5 | Multiple | Immediate |
Educational Resources
Webinars and Seminars
INGOT Brokers places a strong emphasis on customer education, providing a range of educational resources.
The company regularly hosts webinars and seminars on various trading topics, from basic concepts to advanced strategies.
These sessions are conducted by experienced traders and industry experts, offering valuable insights and practical tips.
Webinars are typically held weekly, while seminars are organized in key cities globally.
Trading Guides
Their website features a comprehensive collection of trading guides.
These guides cover topics such as technical analysis, fundamental analysis, risk management, and trading psychology.
They are designed to enhance traders’ understanding and improve their trading proficiency.
Market Analysis
INGOT Brokers offers daily market analysis and reports, helping traders stay informed about the latest market trends and developments.
The analysis covers major asset classes, including forex, indices, shares, commodities, and cryptocurrencies.
This information is invaluable for making informed trading decisions.
Demo Account
The availability of a demo account allows traders to practice their skills and test new strategies without risking real money.
The demo account simulates real trading conditions, providing a risk-free environment for learning and experimentation.
Educational Resources Table
Resource Type | Frequency | Accessibility | Topics Covered |
---|---|---|---|
Webinars | Weekly | Online | Various trading topics |
Seminars | Periodically | Key global cities | Advanced trading strategies |
Trading Guides | Ongoing | Online | Technical and fundamental analysis |
Market Analysis | Daily | Online | Market trends and developments |
Demo Account | Continuous | Online | Real-time trading simulation |
User Experience
Account Opening Process
The account opening process is straightforward and user-friendly.
Prospective clients can complete the online registration form in a few minutes, providing basic personal and financial information.
Once the application is submitted, it typically takes a short period for the account to be verified and activated.
The process involves several steps:
- Registration: Fill out the online form with personal details, including name, address, and contact information.
- Verification: Submit identification documents (e.g., passport, driver’s license) and proof of address (e.g., utility bill).
- Funding: Deposit funds into the account using one of the supported payment methods.
- Trading: Access the trading platform and begin trading.
Platform Interface
Both the MT4 and MT5 platforms are known for their intuitive interfaces and advanced features.
The platforms are easy to navigate, with clear menus and customizable layouts.
Traders can access a wide range of tools and indicators, enabling them to execute trades efficiently and effectively.
Mobile Trading
INGOT Brokers offers mobile versions of the MT4 and MT5 platforms, allowing traders to access their accounts and trade on the go.
The mobile apps are available for both iOS and Android devices and offer a seamless trading experience, with all the essential features of the desktop platforms.
Execution Speed and Reliability
One of the critical factors for successful trading is the speed and reliability of trade execution.
INGOT excels in this area, offering fast execution speeds and minimal slippage.
The broker uses advanced technology and infrastructure to ensure that trades are executed quickly and accurately, providing a reliable trading environment.
User Experience Table
Feature | Description |
---|---|
Account Opening | Simple online process, quick verification |
Platform Interface | Intuitive, customizable, user-friendly |
Mobile Trading | Available for iOS and Android, full features |
Execution Speed | Fast execution, minimal slippage |
Reliability | High reliability, secure transactions |
Analysis of Trading Conditions
Leverage
Leverage allows users to control a larger position with a smaller amount of capital.
INGOT Brokers offers leverage up to 1:500, which can significantly amplify profits but also increases the risk of losses.
The platform provides different leverage levels depending on the account type and the asset class being traded.
For instance, forex pairs typically have higher leverage compared to stocks and commodities.
Asset Class | Maximum Leverage |
---|---|
Forex | Up to 1:500 |
Indices | Up to 1:200 |
Commodities | Up to 1:100 |
Shares | Up to 1:50 |
Cryptocurrencies | Up to 1:10 |
Margin Requirements
Margin is the amount of capital required to open and maintain a position.
INGOT Brokers has different margin requirements for various instruments, ensuring that traders can manage their risk effectively.
The margin requirements are typically expressed as a percentage of the notional value of the trade.
Instrument | Margin Requirement |
---|---|
Major Forex Pairs | 0.2% |
Minor Forex Pairs | 0.5% |
Commodities | 1% |
Indices | 0.5% |
Shares | 2% |
Order Execution
The quality of order execution is crucial for traders, particularly those engaged in high-frequency trading.
The company uses advanced technology to ensure rapid and accurate order execution.
The broker employs Straight Through Processing (STP) and Electronic Communication Network (ECN) models, which connect traders directly to liquidity providers, reducing the likelihood of requotes and ensuring competitive pricing.
Market Data and Analysis
Access to accurate and timely market data is essential for successful trading.
The platform provides real-time market data, advanced charting tools, and technical indicators through its MT4 and MT5 platforms.
Additionally, the broker offers regular market analysis and insights, helping traders stay informed about market trends and make data-driven decisions.
Trading Tools and Resources
Beyond the standard features of the MT4 and MT5 platforms, it also offers additional trading tools and resources to enhance the trading experience.
These include:
- Trading Central: An integrated technical analysis tool that provides daily market insights, trading signals, and technical analysis.
- Autochartist: An automated market scanning tool that identifies trading opportunities based on chart patterns and key levels.
- Economic Calendar: A comprehensive calendar that lists important economic events and releases, helping traders plan their strategies.
Trading Conditions Table
Condition | Standard Account | Professional Account |
---|---|---|
Maximum Leverage | Up to 1:500 | Up to 1:500 |
Margin Requirement | From 0.2% | From 0.2% |
Order Execution | STP/ECN | STP/ECN |
Market Data | Real-time | Real-time |
Trading Tools | Trading Central, Autochartist | Trading Central, Autochartist |
Deposits and Withdrawals
Supported Payment Methods
INGOT Brokers supports more than 10 payment methods, ensuring that clients can fund their accounts and withdraw profits conveniently.
The available methods include:
- Bank Transfer: Direct bank transfers, which are secure and reliable but may take several business days to process.
- Credit/Debit Cards: Instant deposits and relatively fast withdrawals, with support for major card providers such as Visa and MasterCard.
- E-Wallets: Popular e-wallets like PayPal, Skrill, and Neteller offer instant deposit and quick withdrawal options.
Deposit Process
Depositing funds into your account is straightforward.
Clients can choose their preferred payment method, enter the amount they wish to deposit, and follow the on-screen instructions.
The broker does not charge any deposit fees, but third-party fees may apply depending on the payment provider.
Withdrawal Process
The withdrawal process is equally straightforward.
Clients can request a withdrawal through the client portal, specifying the amount and the payment method.
INGOT processes withdrawal requests promptly, typically within 24 hours.
While it does not charge withdrawal fees, third-party fees may apply.
Deposit and Withdrawal Table
Payment Method | Deposit Time | Withdrawal Time | Fees |
---|---|---|---|
Bank Transfer | 2-5 business days | 2-5 business days | Third-party fees |
Credit/Debit Cards | Instant | 1-3 business days | Third-party fees |
E-Wallets | Instant | 1-2 business days | Third-party fees |
Risk Management Tools
Effective risk management is crucial for successful trading.
INGOT Brokers provides several tools to help traders manage their risk and protect their investments.
Stop Loss and Take Profit Orders
Stop Loss and Take Profit orders are essential risk management tools that allow users to set predefined levels at which their positions will be closed.
These orders help limit potential losses and secure profits automatically, ensuring that traders do not have to monitor their positions constantly.
Negative Balance Protection
INGOT offers negative balance protection, ensuring that customers cannot lose more than their initial investment.
This feature is particularly important in volatile markets, where rapid price movements can lead to significant losses.
Margin Call and Stop Out Levels
The broker has specific margin call and stop out levels to protect users from excessive losses.
When the margin level falls below the margin call level, traders receive a notification to deposit more funds or close positions.
If the margin level continues to drop and reaches the stop out level, the platform will automatically close positions to prevent further losses.
Risk Management Tools Table
Tool | Description |
---|---|
Stop Loss Orders | Automatically closes positions to limit losses |
Take Profit Orders | Automatically closes positions to secure profits |
Negative Balance Protection | Ensures traders cannot lose more than their initial investment |
Margin Call Level | Notification to deposit more funds or close positions |
Stop Out Level | Automatic closure of positions to prevent further losses |
Conclusion
INGOT Brokers is a well-regulated and reputable company that offers a wide range of trading instruments, competitive fees, and advanced trading platforms.
The company’s commitment to providing a secure and transparent trading environment, combined with its robust educational resources and excellent customer support, makes it an attractive choice for traders of all experience levels.
Whether you are a novice trader looking to get started or an experienced trader seeking advanced features and low trading costs, this broker has something to offer.
With its strong regulatory framework, diverse account types, and comprehensive trading tools, INGOT Brokers stands out as a reliable and professional broker in the competitive world of online trading.
The combination of competitive trading conditions, extensive educational resources, and excellent customer support makes INGOT a top choice for traders worldwide.
Visit official website: www.ingotbrokers.comFAQ
What is the minimum deposit required to open an account?
The minimum deposit required to open an account is $100.
Is INGOT Brokers regulated?
Yes, the company is regulated by ASIC, JSC, and FSA.
What trading platforms does it offer?
INGOT Brokers offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Does INGOT Brokers provide a demo account?
Yes, it provides a demo account for users to practice trading without risking real money.
What types of accounts are available?
INGOT Brokers offers Standard, Islamic, and Professional accounts.
What payment methods are accepted?
INGOT Brokers accepts Bank Transfer, Credit/Debit Cards, PayPal, Skrill, and Neteller.
What is the average cost for trading EUR/USD?
The average cost for trading EUR/USD is 0.3 pips.
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Last updated: September 19, 2025