deposit:
- €1
Trading platform:
- Proprietary terminal
- ECB (European Central Bank)
- 0%
ING Direct Review 2024
deposit:
- €1
Trading platform:
- Proprietary terminal
- ECB (European Central Bank)
- 0%
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Summary of ING Direct Trading Company
ING Direct is a broker with higher-than-average risk and the TU Overall Score of 4.48 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ING Direct clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. ING Direct ranks 170 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
ING Direct is a good option for investors or large companies with accounts abroad. It is suitable for experienced traders with sufficient capital to trade in volume in the securities market.
The ING Direct broker is a large international financial corporation headquartered in Amsterdam. It provides services in the banking sector, as well as to legal entities and corporate clients throughout Europe. America’s Fortune magazine ranked ING among the Top 20 largest global brokers. The main aspect of ING Direct's brokerage activity is trading in stock markets where clients can work independently or through investment funds.
💰 Account currency: | EUR |
---|---|
🚀 Minimum deposit: | From €0 |
⚖️ Leverage: | Up to 1:5 |
💱 Spread: | No |
🔧 Instruments: | Stocks, bonds, warrants, trackers, options, OTC securities |
💹 Margin Call / Stop Out: | No data |
👍 Advantages of trading with ING Direct:
- High reputation and reliability of a large international bank.
- Availability of full-fledged training with the ability to use imitation of portfolio management on the stock exchange.
- No commission for storage, withdrawal of funds, replenishment, and maintenance of trading accounts.
👎 Disadvantages of ING Direct:
- Lack of opportunity to work in the Forex market.
- Limited range of trading instruments.
- Complies with the legal framework of the Eurozone.
- Complex procedure for opening an account to enter the stock exchange.
- Platform is in the French language only.
Evaluation of the most influential parameters of ING Direct
Table of Contents
Geographic Distribution of ING Direct Traders
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Expert Review of ING Direct
The ING Direct brokerage is primarily a bank, therefore it is focused on a specific type of activity. The brokerage service here is rather an additional service that has been actively developing lately. To attract new customers, the company does not charge a commission for opening and maintaining accounts. But the set of available tools for active trading is limited, and the broker's clients do not have the opportunity to work in the Forex market.
Traders have access to free training articles and videos in specially designated sections, a blog, and a forum where you can communicate with other users. Real-time quotes are available only to the company's clients with active exchange accounts. This broker has no minimum initial deposit requirements. Indeed, the whole process of registering a trading account boils down to opening a regular bank account. After replenishing it, the money can be transferred to a trading account, from which work will be carried out in the chosen direction.
An important advantage is the availability of a coaching and training system, within which you can manage a virtual investment portfolio for free. The site has a section with news and analytics that is available even to unregistered users.
Dynamics of ING Direct’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
For investors, ING Direct offers several programs to choose from such as PEA and PEA-PME accounts. A prefabricated version of the "turnkey" portfolio formation is available under the client's priorities. The company also offers to invest in 42 global funds. They are divided by genre such as bonds (mixed: French/European/international), some even specialized with assets of a specific market segment (e.g., shares of companies dealing with biotechnology or rental real estate).
Prefabricated portfolios from ING Direct
The ING Direct broker offers several options for turnkey investment solutions. To maintain a balance of risk with profit potential, you can invest in a portfolio that embraces "12 principles", in which French and other foreign funds are divided into groups depending on the type of core assets. Also, investors have the opportunity to form a portfolio with the transfer of three types of ING Luxemburg SA under the management that is:
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focused on minimizing risks: 70% of the portfolio is in bonds and 30% is in stocks. The expected return is up to 10.56% over three years;
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balanced: The portfolio is 50% equities and 50% treasury securities. The potential by the end of the three years is about 15.38%;
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high-risk: It consists of 70% of stocks and 30% of bonds. Investors are offered up to 19.91% profit over 36 months.
This broker has divided the funds available for investment into separate categories by specialization and has identified three main options. This approach makes it easier for the company's clients to find assets. In addition, before investing, there is an opportunity to get free consultations from specialists with many years of experience in trading on the stock market.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ING Direct’s affiliate program
At the moment, the broker does not have affiliate programs.
Trading Conditions for ING Direct Users
The ING Direct intermediary offers its clients two types of accounts: standard, for traders; and investment, for working with mutual funds through management companies. To interact with financial instruments, a special ING-online portal is used, which makes it possible to track quotes and charts with indicators, and also provides a demo account to test your theories and trading knowledge, plus, the latest news in real-time. For registered clients, the demo account is available with virtual clones that simulate real market conditions.
€1
Minimum
deposit
1:5
Leverage
12/7
Support
💻 Trading platform: | ING Direct proprietary terminal |
---|---|
📊 Accounts: | Standard, investment (REA, REA-PME) |
💰 Account currency: | EUR |
💵 Replenishment / Withdrawal: | Bank transfer, Visa, Mastercard, Visa Electron |
🚀 Minimum deposit: | From €0 |
⚖️ Leverage: | Up to 1:5 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | No data |
💱 Spread: | No |
🔧 Instruments: | Stocks, bonds, warrants, trackers, options, OTC securities |
💹 Margin Call / Stop Out: | No data |
🏛 Liquidity provider: | No data |
📱 Mobile trading: | Yes |
➕ Affiliate program: | No |
📋 Orders execution: | Market |
⭐ Trading features: | Trading is carried out without installing additional software |
🎁 Contests and bonuses: | Compensation of up to €2,000 for expenses when switching to ING from another broker; Traders Union bonuses |
Comparison of ING Direct with other Brokers
ING Direct | RoboForex | Eightcap | Exness | Pepperstone | FxGlory | |
Trading platform |
Proprietary terminal | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView | MT4, MobileTrading, MT5 |
Min deposit | $1 | $10 | $100 | $10 | $1 | $1 |
Leverage |
From 1:1 to 1:5 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:400 |
From 1:1 to 1:3000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | 8.00% |
Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0 points | From 2 points |
Level of margin call / stop out |
1% / 1% | 60% / 40% | 80% / 50% | No / 60% | 90% / 20% | 20% / 10% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Instant Execution | Instant Execution, Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
ING Direct | RoboForex | Eightcap | Exness | Pepperstone | FxGlory | |
Forex | No | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | No |
CFD | No | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | No |
Stock | Yes | Yes | Yes | Yes | Yes | No |
ETF | Yes | Yes | No | No | Yes | No |
Options | Yes | No | No | No | No | No |
ING Direct Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Accounts for trading on stock exchanges | From €1.5 | No |
Several types of investment accounts such as REA and REA-PME | % established by the management company of a specific fund | No |
Swaps are not charged for the transfer of open positions in securities to the next day.
Below there is a comparative table of broker commissions. The information is provided for review only.
Broker | Average commission | Level |
ING Direct | $1.5 | Medium |
RoboForex | $1 | Low |
Pocket Option | $8.5 | High |
Detailed Review of ING Direct
ING Direct offers its clients two types of accounts. The first type is intended for trading and allows you to make transactions with securities of the stock market. The second option is designed to place free capital in funds. For the convenience of searching, investors are offered a wide choice with division into categories based on the composition of assets. In addition, when switching to ING from another platform, the new client is compensated for the costs associated with switching brokers for up to €2,000.
ING Direct by the numbers:
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It has offices in more than 40 countries.
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And more than 38 million active clients.
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The company employs 620 people.
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100 staff work in customer support.
ING Direct is a stockbroker with a wide range of trading assets
The ING Direct brokerage is a reliable European bank with a long history and a full-fledged brokerage company. It is focused on medium-term investments (up to 3 years), but it also offers favorable conditions for active traders. Its uniqueness lies in the scale of its work: as one of the 20 largest corporations in the world, the company can afford not to charge commissions for the greater number of offered tools and ongoing customer service. Instruments available for trading are stocks, bonds (companies and government), warrants, trackers, options, and over-the-counter securities. Traders make trades through a PC browser or mobile device. Clients can open several accounts at once for operations with securities.
There are no fees for depositing or withdrawing funds from accounts, or for maintaining an account, keeping money, etc. There is only a brokerage fee which, on average, is 0.35% of the turnover amount and commissions to manage funds, the amount of which depends on the conditions of a particular fund.
Useful services of the ING Direct broker:
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Analytics - Expert articles and thematic videos.
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Section with current news of world politics and economics.
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Forum for communication with company representatives and other clients of the broker.
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Service for virtual imitation of exchange trading with a portfolio of securities.
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Technical analysis and charts for traders.
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Section with expert opinions.
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Morningstar© service for analysis and assessment of the potential of investment funds.
Morningstar© search filters based on selected fund criteria.
Advantages:
High reliability and long-term stable work in the financial sector.
Transparency of settlements with clients regarding minimal fees and commissions, and all information about fee sizes is freely available on the website.
The ability to compensate for the costs associated with the transition to ING from other brokers.
Offices located in many countries.
The minimum deposit for traders and investors is from €0.
A structured system for selecting a fund and a management company for investments.
There are no restrictions for traders in choosing a strategy and tactics for work and leverage up to 1:5 is available.
How to Start Making Profits — Guide for Traders
The company offers two types of accounts: regular, which is for active trading on the stock exchange, and investment.
Account types:
To create any of the mentioned types of accounts, you must open a current bank account with ING.
The ING Direct broker is one of the oldest European companies that offers its clients transparent settlement terms and minimal commission costs. It’s well-suited for medium-term work with small leverage, that is, as a classic platform for trading securities.
Bonuses Paid by the Broker
The company compensates new clients for transfer costs of up to €2,000 associated with switching to ING accounts from other banks or brokers
Investment Education Online
To teach the basics of trading and investing, ING Direct offers a coaching system that includes a financial literacy test, advice from members of the thematic community, and a blog with analytical articles and videos. All training services offered are free of charge.
There are no demo accounts in the usual sense, but there is an alternative: registered clients can test their knowledge and gain practical trading experience by working with a virtual clone of real financial markets. As a tool, a portfolio of securities is used, which the novice investor forms himself, but relies on the advice of the company's analysts.
Security (Protection for Investors)
The ING Direct broker is regulated following the Sapin II Act (a single regulation for brokerage in Europe) and the EU data protection regulation (2016/679).
The broker is registered with the Amsterdam Chamber of Commerce (No. 33031431) and the Paris Trade Register (No. 791 866 890).
👍 Advantages
- Client funds are held in bank accounts, separate from the broker's equity capital
- The company guarantees the safety of clients' funds and the safety of trades
- An independent arbitrator is involved to resolve disputes
👎 Disadvantages
- The need to comply with all terms of transactions
- Certain specificity of the European Union legislation concerning trades with financial assets and taxation
- Confidentiality may be breached under traders' contracts if required to verify compliance with the law
Withdrawal Options and Fees
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The broker does not charge fees for withdrawals.
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Withdrawal applications can be submitted on weekdays from 9:00 to 17:00 Paris time.
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The settlement currency is the euro. There is no automatic conversion to the currency of the client's country.
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A trader's money is transferred from the stock exchange to his ING bank account.
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For investment programs, there are two options for withdrawing funds from the fund: after a year or at the end of the standard three-year period.
Customer Support Service
The support service is available online as part of the bank's internet cafe service, which is open from 9:00 to 19:00 on weekdays and until 17:00 on Saturday. You can contact specialists by phone from Monday to Friday from 9:00 to 21:00 and until 18:00 on Saturday.
👍 Advantages
- Internet cafe and forum
- Priority calls from persons with special needs
👎 Disadvantages
- Support language - French only
- No 24/7 support chat
Contact with the bank's customer support is possible using:
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its internet cafe;
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the forum;
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via email request;
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a letter sent to the legal address of one of the bank's representative offices;
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a call to the phone numbers indicated on the website during the working hours of specialists.
You can contact ING Direct representatives from the bank's website and your personal account.
Contacts
Foundation date | 1997 |
Registration address | 40 Avenue des Terroirs de France, Immeuble Lumière Paris, 75 616 France |
Regulation |
ECB (European Central Bank) |
Official site | https://www.ing.fr/ |
Contacts |
Phone:
01 57 22 54 00
|
Review of the Personal Cabinet of ING Direct
To start working with ING Direct, you need to register and open an account. Follow this procedure step by step:
First, you need to open a bank account with ING Direct. After that, the client gets access to trading on the stock exchange and investing. The account number will be the login to the personal account. It is also possible to switch to ING from another broker on preferential terms. In this case, a current account is opened and an application for the transfer of assets is made. Next, you must provide a statement of the costs associated with the transfer, and the amount of the transferred funds must exceed €1,000.
Next, enter your personal account and fill out the form, indicating the registration number of the client's account and the date of its opening. In the personal account, a new user can open an account by choosing from the offered options to trade on the stock exchange.
ING Direct's personal account contains:
Also in the personal account, the trader will find:
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Information about the state of the account.
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A window for connecting system notifications about the results of ongoing operations.
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Search by instrument name.
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A button to switch between different accounts.
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Technical and fundamental analyses.
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The whole range of financial instruments offered by the bank.
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Company-specific stock favorites that you can customize based on your own investment priorities
Articles that may help you
FAQs
Do reviews by traders influence the ING Direct rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about ING Direct you need to go to the broker's profile.
How to leave a review about ING Direct on the Traders Union website?
To leave a review about ING Direct, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about ING Direct on a non-Traders Union client?
Anyone can leave feedback about ING Direct on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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