Ingot Brokers Review 2023: Scam Or Legit? Uncovered Pros & Cons

Ingot Brokers is a global financial brokerage firm that provides access to a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The company offers a choice of trading platforms, competitive trading conditions, and a range of account types to suit the needs of different traders.

Ingot Brokers is regulated by the Australian Securities and Investments Commission (ASIC) and has a strong focus on providing a safe and secure trading environment for its clients. The company’s mission is to provide innovative trading solutions, excellent customer service, and a commitment to transparency and integrity in all its operations.

Whether you’re a beginner or an experienced trader, Ingot Brokers offers a range of educational resources and trading tools to help you make informed trading decisions. The company’s website provides access to a wealth of market analysis, news, and trading signals, as well as a range of educational materials, including trading guides, webinars, and video tutorials.

Overall, Ingot Brokers is a reputable and reliable broker that provides access to a wide range of trading instruments and platforms, competitive trading conditions, and a strong commitment to customer service and transparency.

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Quick Overview Of Ingot Brokers:

Founded: 2010
Headquarters: Sydney, Australia
Regulated by: Australian Securities and Investments Commission (ASIC)
Trading instruments: Forex, indices, commodities, and cryptocurrencies
Trading platforms: MetaTrader 4, MetaTrader 5, and Ingot Trader
Account types: Standard, ECN, and Islamic accounts
Minimum deposit: $1,000 for Standard and Islamic accounts, $10,000 for ECN account
Maximum leverage: up to 1:500
Spreads: from 0.0 pips on ECN account, from 1.2 pips on Standard account
Funding methods: bank transfer, credit/debit cards, Skrill, Neteller, and China UnionPay
Customer support: phone, email, and live chat support in multiple languages
Educational resources: trading guides, webinars, video tutorials, and market analysis.

Why Ingot Brokers?

There are several reasons why you might consider Ingot Brokers as your broker of choice:

Regulated by ASIC: Ingot Brokers is regulated by the Australian Securities and Investments Commission (ASIC), which is a well-respected financial regulatory body. This means that the company is required to comply with strict regulations, providing traders with a safe and secure trading environment.
Wide range of trading instruments: Ingot Brokers provides access to a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. This allows traders to diversify their portfolio and take advantage of different market conditions.
Choice of trading platforms: Ingot Brokers offers a choice of trading platforms, including MetaTrader 4, MetaTrader 5, and Ingot Trader. This allows traders to choose a platform that best suits their trading needs and preferences.
Competitive trading conditions: Ingot Brokers offers competitive trading conditions, with low spreads and fast order execution. The company’s ECN account, in particular, offers tight spreads from 0.0 pips and fast execution speeds.
Strong customer support: Ingot Brokers provides excellent customer support, with phone, email, and live chat support in multiple languages. The company also offers a range of educational resources and trading tools to help traders improve their trading skills and knowledge.

Are Ingot Brokers Legit?

Yes, Ingot Brokers is a legitimate broker. The company is regulated by the Australian Securities and Investments Commission (ASIC), which is a well-respected financial regulatory body. This means that Ingot Brokers is required to comply with strict regulations and standards to ensure that it provides a safe and secure trading environment for its clients.

Furthermore, Ingot Brokers has been in operation since 2010 and has established a reputation as a reliable and trustworthy broker. The company has a strong commitment to transparency and provides clients with detailed information about its services, fees, and trading conditions.

Overall, if you’re considering trading with Ingot Brokers, you can be confident that you’re dealing with a reputable and legitimate broker that is committed to providing a safe and reliable trading environment.

Regulation of Ingot Brokers?

Ingot Brokers may be licensed and regulated by one or more regulatory authorities, depending on their jurisdiction and the services they offer. Some examples of regulatory authorities that may oversee Ingot Brokers include:

The Australian Securities and Investments Commission (ASIC) in Australia
The Financial Conduct Authority (FCA) in the UK
The Securities and Exchange Commission (SEC) in the US

Being regulated by a reputable regulatory authority can help ensure that Ingot Brokers are complying with strict standards and regulations regarding client protection, fair dealing, and transparency. However, it’s important to note that the regulatory requirements may vary depending on the jurisdiction and the services offered by Ingot Brokers.

Ingot Brokers Pros and Cons

Here are some pros and cons of trading with Ingot Brokers:

Pros:

Regulated by ASIC: Ingot Brokers is regulated by the Australian Securities and Investments Commission (ASIC), which provides traders with a high level of safety and security.
Wide range of trading instruments: Ingot Brokers offers a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies, which allows traders to diversify their portfolio.
Competitive trading conditions: Ingot Brokers offers competitive trading conditions, including low spreads and fast order execution, especially on the ECN account.
Choice of trading platforms: Ingot Brokers offers a choice of trading platforms, including MetaTrader 4, MetaTrader 5, and Ingot Trader, which caters to different trading needs and preferences.
Strong customer support: Ingot Brokers provides excellent customer support, with phone, email, and live chat support available in multiple languages.

Cons:

High minimum deposit: Ingot Brokers requires a high minimum deposit of $1,000 for standard and Islamic accounts, and $10,000 for ECN accounts, which may not be affordable for some traders.
Limited funding methods: Ingot Brokers only offers a limited range of funding methods, including bank transfer, credit/debit cards, Skrill, Neteller, and China UnionPay.
Limited educational resources: Ingot Brokers offers a limited range of educational resources, which may not be sufficient for beginner traders.

Overall, Ingot Brokers is a reputable and reliable broker that offers a wide range of trading instruments, competitive trading conditions, and strong customer support. However, the high minimum deposit and limited funding methods may be a disadvantage for some traders, and the limited educational resources may not be sufficient for beginner traders.

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Ingot Brokers Account Types

Ingot Brokers offers three different types of trading accounts:

Standard Account:The Standard Account is designed for traders who are just starting out and want to test the waters of forex trading. The minimum deposit for this account is $1,000, and it offers variable spreads starting from 1.5 pips. The maximum leverage for this account is 1:400.
ECN Account:The ECN Account is designed for experienced traders who require direct access to the interbank market. The minimum deposit for this account is $10,000, and it offers raw spreads starting from 0 pips, with a commission of $6 per lot. The maximum leverage for this account is 1:100.
Islamic Account:The Islamic Account is designed for traders who follow Shariah law and require an account that is compliant with Islamic principles. This account has no swap or interest charges, and it offers variable spreads starting from 1.5 pips. The maximum leverage for this account is 1:400.

All Ingot Brokers accounts offer a choice of trading platforms, including MetaTrader 4, MetaTrader 5, and Ingot Trader, and they provide access to a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

Deposit and Withdrawals at Ingot Brokers?

Below are the deposit and withdrawals that traders need to be aware of before trading at the platform:

Deposit

Payment Method	Currency	Fee	Minimum Deposit	Maximum Deposit	Processing Time
Wire Transfer	USD,EUR, AUD, GBP and KES	–	$100	–	Upon receiving
Bitcoin	USD	–	$50		30 minutes
Ethereum	USD	–	$50	–	Instant
Credit Card and Apple Pay	USD, JOD, ZAR	–	$10	$1000000	Instant
Tether USDT	USD	–	$10	–	Instant

Withdrawals

Payment Method	Currency	Fee	Minimum Deposit	Maximum Deposit	Processing Time
Wire Transfer	USD,EUR, AUD, GBP and KES	–	$100	$1000000	1-5 business days
Bitcoin	USD	1%	$50	$25000	1-12 hours
Ethereum	USD	1%	$50	$15000	1-12 hours
Tether USDT	USD	1%	$50	–	1-12 hours
Cellulant	USD, KES, GHS, NGN, UGX, TZS, MZN, BWP, EGP	–	–	–	Up to 24 hours

How To Open An Trading Account With Ingot Brokers?

To open a trading account with Ingot Brokers, you can follow these steps:

Visit the Ingot Brokers website and click on the “Open an Account” button.
Fill out the registration form with your personal information, including your name, email address, phone number, and country of residence.
Choose the account type that best suits your trading needs, such as a standard account or an ECN account.
Provide additional information required by Ingot Brokers, such as your ID documents, proof of address, and financial information.
Read and accept the terms and conditions of the trading agreement.
Once your account has been verified and approved, you can fund your account using one of the payment methods available on the platform.
Download and install the trading platform provided by Ingot Brokers, and start trading.

Note that the process may vary depending on your location and the regulations in your country. It is recommended that you review Ingot Brokers’ website and contact their customer support if you need any assistance with the account opening process.

What Types Of Trading Platforms and Tools are offered By Ingot Brokers?

Ingot Brokers offers a range of trading platforms and tools to its clients, including:

MetaTrader 4 (MT4) Platform: A popular and user-friendly trading platform that allows traders to execute trades, monitor markets, and analyze technical indicators.
WebTrader: A web-based platform that allows traders to access their accounts and trade from any web browser without downloading any software.
Mobile Trading: Ingot Brokers provides mobile trading apps for Android and iOS devices, allowing traders to manage their accounts and trade on the go.
Ingot Brokers Trader: A proprietary trading platform developed by Ingot Brokers, offering advanced charting and technical analysis tools, automated trading capabilities, and a customizable interface.
Social Trading: Ingot Brokers also offers a social trading platform that allows traders to follow and copy the trades of successful traders.
Trading Tools: Ingot Brokers provides a range of trading tools to help traders analyze the markets, including economic calendars, market news and analysis, trading signals, and more.

Overall, Ingot Brokers offers a comprehensive suite of trading platforms and tools to cater to the needs of traders of all levels of experience and trading styles.

Ingot Brokers Leverage & Margin?

Ingot Brokers offers leverage to its clients, which allows them to trade larger positions than the amount of capital they have in their trading accounts. The amount of leverage offered by Ingot Brokers may vary depending on the trading instrument and the regulatory requirements in the client’s jurisdiction.

For example, for forex trading, Ingot Brokers offers leverage up to 1:400, which means that a trader can control a position that is up to 400 times the size of their trading account. However, it’s important to note that while leverage can amplify profits, it can also increase losses, and traders should exercise caution when using leverage.

Ingot Brokers also sets margin requirements for each trading instrument, which is the minimum amount of funds required to maintain an open position. Margin requirements may vary depending on the market conditions and the trading instrument, and traders must maintain sufficient margin to keep their positions open.

Traders can view the leverage and margin requirements for each trading instrument on the Ingot Brokers platform or by contacting their customer support. It’s essential for traders to understand how leverage and margin work and how they can affect their trading before opening a position.

Ingot Brokers Customer Support

Traders can reach out to the customer support team of Ingot brokers for any kind of query. The professional team provides information and suggestions that would make it easy to trade.

It has an expert multilingual customer support team. The team is available 24/5 to assist traders. The methods to contact team are:

Query form
Live chat
Contact number: 002484345580
General inquiry email: info@ingotbroker.com
Support email: customerservice@ingotbrokers.com
Address: Unit 3, 2nd floor, Dekk Complex, Plaisance, Mahe, Seychelles

What Kind Of Trading Instruments are offered By Ingot Brokers?

Ingot Brokers offers a wide range of trading instruments across multiple asset classes, including:

Forex: Ingot Brokers provides access to over 80 forex currency pairs, including major, minor, and exotic pairs.
Commodities: Ingot Brokers offers trading in a range of commodity markets, including precious metals like gold and silver, energy products like crude oil and natural gas, and agricultural products like wheat and corn.
Indices: Ingot Brokers provides access to trading in global stock market indices, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225.
Stocks: Ingot Brokers allows clients to trade shares in some of the world’s largest companies, including Apple, Amazon, Facebook, and Google.
Cryptocurrencies: Ingot Brokers offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.

Traders can access these markets using the trading platforms and tools provided by Ingot Brokers. Ingot Brokers also offers competitive pricing and fast execution, allowing traders to take advantage of market opportunities in real time. It’s important for traders to understand the risks involved in trading these instruments and to have a solid trading plan in place before entering the market.

Unique Features

here are some unique features of Ingot Brokers:

Personalized Trading Services: Ingot Brokers offers personalized trading services to its clients, including a dedicated account manager and customized trading solutions to meet individual trading needs.
Multiple Trading Platforms: Ingot Brokers offers a range of trading platforms to cater to the needs of different types of traders, including MT4, web-based trading, mobile trading, and its proprietary trading platform, Ingot Brokers Trader.
Multiple Account Types: Ingot Brokers offers multiple account types, including standard accounts, ECN accounts, and swap-free Islamic accounts, providing traders with flexibility in choosing the type of account that suits their trading style and preferences.
Education and Training: Ingot Brokers provides a range of educational resources to help traders improve their trading skills, including webinars, tutorials, trading guides, and market analysis.
Social Trading: Ingot Brokers offers a social trading platform that allows traders to follow and copy the trades of successful traders.
24/5 Customer Support: Ingot Brokers provides 24/5 customer support to its clients, offering assistance with account opening, funding, trading, and technical issues.

Overall, Ingot Brokers offers a range of unique features that set it apart from other brokers, providing traders with a comprehensive trading experience, educational resources, and personalized support.

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Conclusion

Ingot Brokers is a regulated forex and CFD broker that offers a range of trading instruments and platforms to cater to the needs of different types of traders. The broker provides personalized trading services, multiple account types, competitive pricing, and 24/5 customer support.

Ingot Brokers also offers educational resources to help traders improve their trading skills and social trading features that allow traders to follow and copy the trades of successful traders. While it’s important for traders to do their own research and weigh the pros and cons before choosing a broker, Ingot Brokers appears to be a reputable and reliable broker that offers a comprehensive trading experience.

FAQ’s

Are Ingot brokers trusted and reliable?

Yes, it practises transparency when it comes to regulation and registration. Clients can therefore, definitely trust and rely on Ingot brokers.

How do I open an account with an Ingot brokers?

To open an account with the broker traders can follow the given steps:

Click on, “ Open a trading account” or “ Start trading” buttons on the Ingot brokers website.
Fill in the information required and click register.
After that, traders need to verify to deposit funds. Click on the verification button and complete the required information.
Once all the details are filed traders can then deposit funds and begin their trading using the services.

What is the minimum deposit amount at Ingot brokers?

The minimum deposit amount is $100.

Can I access the trading platforms of Ingot brokers in other countries?

Yes, MetaTrader trading platform can be accessed anytime and anywhere. So, they are accessible in all the countries.

Who is an Ingot brokers?

Ingot brokers is a regulated financial service provider based in Seychelles.

Are Ingot Brokers regulated?

Yes, Ingot brokers is regulated by the Financial Services Authority of Seychelles.

What markets are accessible at Ingot Brokers?

Traders can have the following markets to trade:

Commodities
Stocks
Indices
ETFs
Currencies
Cryptocurrencies
Swaps and Rollover