According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- 2006
Our Evaluation of INGOT Brokers
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
INGOT Brokers is a moderate-risk broker with the TU Overall Score of 5.6 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by INGOT Brokers clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
INGOT Brokers has reached a top position during 15 years of work on the world market. Traders and experts agree that the company offers favorable trading conditions, namely several accounts to choose from, many instruments, and high leverage. Traders work through popular platforms. The broker does not set limits on trading styles and strategies. It offers many useful options and regularly publishes economic news and reviews. INGOT Brokers has an excellent training system, a typical copy trading platform, and a simple partnership program, which can become a source of additional income for socially active traders.
Brief Look at INGOT Brokers
INGOT Brokers Global Ltd is regulated by the Seychelles Financial Services Authority (FSA) and offers three live account types. Demo accounts are also available. More than 1,000 financial instruments, such as CFDs on currencies, cryptocurrencies, stocks, indices, metals, energies, agricultural commodities, and ETFs are available for trading. The minimum deposit is $100 and the maximum leverage is 1:500. Spreads start from 0 pips. Negative balance protection is provided. Order execution is instant. Traders work through MetaTrader 4 (MT4) and MetaTrader 5 (MT5). There aren’t any restrictions on trading styles and strategies. The broker has its own copy trading service and the innovative MAM Pro system for account managers. A typical partnership program allows traders to earn extra money on invited users.
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- A huge choice of financial instruments allows traders to create a balanced diversified portfolio;
- Traders are not limited in solutions, they can use advisors and bots, hedge, and trade news;
- The minimum initial deposit of $100 is below the market average for basic accounts, and the leverage of 1:500 greatly increases the profit potential;
- Spreads start from 0 pips and fees are $0-$7 depending on the account type;
- The company offers many useful options, including an economic calendar, currency converter, and trading calculator;
- INGOT Brokers has a strong training program, and its articles and videos are available even to unregistered users;
- Technical support is reached 24/5 via a call center, email, and live chat on the website.
- The broker’s activity is transparent.
- Trading is available only through MT4 and MT5, this restriction creates an inconvenience for some traders;
- The MAM Pro system for fund managers is available only on MetaTrader 4;
- Client support is not active during the weekends.
TU Expert Advice
Author, Financial Expert at Traders Union
INGOT Brokers offers a variety of trading services, including CFDs on currencies, cryptocurrencies, stocks, indices, metals, energies, agricultural commodities, and ETFs, utilizing MetaTrader 4 and 5 platforms. The broker features three live account types: Professional, ECN, and Prime, each catering to different levels of traders with minimum deposits ranging from $100 to $10,000. Traders benefit from leverage up to 1:500 and low spreads starting at 0 pips. The broker supports diverse trading styles and provides a comprehensive educational program, further complemented by tools like economic calendars and trading calculators, ensuring a robust trading environment.
Despite its strengths, INGOT Brokers has some drawbacks, such as limiting trading to MT platforms and inactive client support over weekends. Additionally, the MAM Pro system is only compatible with MT4. INGOT Brokers, with its diverse offerings and relatively low entry barrier, may suit both novice and experienced traders.
INGOT Brokers Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. INGOT Brokers Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT4 and MT5 |
|---|---|
| 📊 Accounts: | Professional, ECN, Prime, and demo |
| 💰 Account currency: | USD, EUR, and AUD |
| 💵 Deposit / Withdrawal: | Bank cards, e-wallets, and crypto wallets |
| 🚀 Minimum deposit: |
$100 for Pro and ECN accounts; $10,000 for Prime accounts |
| ⚖️ Leverage: | Up to 1:500 subject to the account and the asset |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | CFDs on currencies, cryptocurrencies, stocks, indices, metals, energies, agricultural commodities, and ETFs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: |
Three live accounts plus a demo account; Competitive minimum deposit; Over 1,000 assets; Significant leverage; Integrated copy trading service; Mam accounts; Qualitative education; Many useful options |
| 🎁 Contests and bonuses: | Bonuses from the referral program |
Almost all brokers have a minimum deposit depending on the account type. INGOT Brokers offers three live accounts. The minimum deposit for Professional and ECN accounts is $100, for Prime accounts it is $10,000. Accounts differ in trading parameters, including leverage. The maximum leverage of 1:500 is available on Pro and ECN accounts, while you can trade with a maximum leverage of 1:200 on Prime accounts. You also need to remember that the maximum leverage varies depending on the asset traded. Technical support is represented by a call center, live chat, email, and tickets on the website. It works 24/5.
INGOT Brokers Key Parameters Evaluation
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Trading Account Opening
To start trading with the broker, register a user account on the INGOT Brokers website, get verified, select an account, and make a minimum deposit. Below is TU’s detailed guide on how to open an account with INGOT Brokers.
Go to the broker's official website. In the upper right corner select the interface language. If you already have your user account, click the "Login" button and enter your registration details. If you don't have a user account and want to register, click the "Start Trading" button.
Enter your first and last names, and email. Indicate your country of residence, its code, and your citizenship. Then enter your contact phone number and create a password. Select the preferred account currency from the list. Agree to the terms of service by ticking the box, and click the "Register" button.
Now you have your user account, but its functionality is limited, that is you cannot open a trading account. Go to the profile settings by clicking the corresponding button in the upper right corner of the screen. Complete the ‘Profile Information” and “Financial Information” tabs.
Click the "Get Started" button in the left menu and follow the on-screen instructions to verify your user account. You need to provide scans/photos of your identification documents. Upon verification, you will have full access to your user account and be able to open a trading account.
Functions of INGOT Brokers user account:
Dashboard. It displays a summary of the user's profile and accounts;
The "Start" tab. It allows a trader to open an account. Clients can have several accounts at once;
Verification. Here the personal information, which can be edited, is stored;
Accounts. It provides access to the list of active accounts with detailed information;
Refer and earn. Here the information on the referral program is presented;
Copy trading. It is dedicated to the eponymous service offered by INGOT Brokers;
Market Analysis. Here traders can find up-to-date information from the broker's analysts;
Support. It includes a list of active and resolved cases with details;
Platform tutorial. This tab contains video tutorials on working with the broker's website.
Regulation and safety
INGOT Brokers has a safety score of 9.8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Track record over 19 years
- No negative balance protection
INGOT Brokers Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
| CMA (Kenya) | The Capital Markets Authority | Kenya | KES 50,000 | Tier-2 |
| JSC (Jordan) | Jordan Securities Commission | Jordan | JOD 10,000 | Tier-2 |
INGOT Brokers Security Factors
| Foundation date | 2006 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker INGOT Brokers have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of INGOT Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, INGOT Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
INGOT Brokers Standard spreads
| INGOT Brokers | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
INGOT Brokers RAW/ECN spreads
| INGOT Brokers | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with INGOT Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
INGOT Brokers Non-Trading Fees
| INGOT Brokers | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The first thing to decide on is the account type. All traders work according to their own system, which determines the differences in requirements for trading conditions. While the broker cannot offer a customized account type for all of its clients, it tries to develop multiple options for players of all skill levels. The Professional account, despite its name, is aimed at novice traders. It has high leverage, low initial deposit, and no fee. The ECN account complies with the standard of the same name, has all its features, and is designed for traders of a higher level; whereas, the Prime account is designed for the most experienced players, as it has a higher minimum deposit, lower leverage, but more flexible settings and options.
Account types:
Regardless of the account type, all the presented assets are available to traders. Trading is carried out through MetaTrader 4 and MetaTrader 5, alternative solutions cannot be used.
Deposit and withdrawal
INGOT Brokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
INGOT Brokers provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- PayPal supported
- Bank wire transfers available
- No withdrawal fee
- Supports 5+ base account currencies
- USDT payments not accepted
- Wise not supported
- BTC payments not accepted
What are INGOT Brokers deposit and withdrawal options?
INGOT Brokers provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal.
INGOT Brokers Deposit and Withdrawal Methods vs Competitors
| INGOT Brokers | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are INGOT Brokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. INGOT Brokers supports the following base account currencies:
What are INGOT Brokers's minimum deposit and withdrawal amounts?
The minimum deposit on INGOT Brokers is $1, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact INGOT Brokers’s support team.
Markets and tradable assets
INGOT Brokers provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 50 Forex currency pairs.
- 50 supported currency pairs
- Copy trading platform
- Crypto trading
- Futures not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by INGOT Brokers with its competitors, making it easier for you to find the perfect fit.
| INGOT Brokers | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 1000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products INGOT Brokers offers for beginner traders and investors who prefer not to engage in active trading.
| INGOT Brokers | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support, which is also called client support, is needed when traders face situations they cannot resolve on their own. Qualified and prompt assistance is available to the broker’s clients. INGOT Brokers’ support is represented by a call center, email, live chat, and tickets in the corresponding section of the website. It works 24/5.
Advantages
- Non-members can contact technical support
- Managers are available 24/5
- Reply speed of the call center and live chat is high
Disadvantages
- Technical support is not available on weekends
If you have questions that require competent assistance of specialists, you can use the following communication channels:
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call center;
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email;
-
tickets in the section;
-
live chat on the website and in the user account.
INGOT Brokers has its official profiles on several social networks including Facebook, YouTube, Twitter, and Instagram. It is recommended to subscribe to them to stay up-to-date with news of the platform.
Contacts
| Foundation date | 2006 |
|---|---|
| Registration address | Unit 3, 2nd Floor, Dekk Complex, Plaisance, Mahe, Seychelles |
| Official site | https://www.ingotbrokers.com/en |
| Contacts |
002484345580
|
Education
Traders, in order to be successful, need to constantly improve, learn new skills, and adopt new strategies and methods to become master traders. All this is especially important for those who are just starting their journey in the world of trading. INGOT Brokers helps its clients by providing an extensive training program. It is divided into two blocks, namely articles and video tutorials.
Traders note the convenience of the proposed training formats and the ability to use the materials even without having an account with INGOT Brokers.
Comparison of INGOT Brokers with other Brokers
| INGOT Brokers | Eightcap | XM Group | RoboForex | IC Markets | Kama Capital | |
| Trading platform |
MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, cTrader, MT5, TradingView | MetaTrader5 |
| Min deposit | $100 | $100 | $5 | $10 | $200 | No |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 20% / No |
| Order Execution | No | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed review of INGOT Brokers
INGOT Brokers is operated by INGOT Global Ltd, which is registered in Seychelles. It works with tier-one liquidity providers, including major international banks. The platform is well-optimized and copy trading is well-integrated with the broker's main website. The MAM Pro system also works without bugs and failures based on the MetaTrader 4 platform. The broker implements the latest technological developments, some of which are unique to the segment. On the other hand, many options are typical and can be found everywhere, but in this case, they are implemented at a high-quality level and are characterized by exceptional performance. The same is true about it calculators and converters. Along with favorable trading conditions, all this makes the platform competitive, and in some respects, it outperforms the segment leaders.
INGOT Brokers by the numbers:
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15 years on the market;
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8 groups of assets;
-
Over 1,000 instruments;
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The minimum spread is 0 pips;
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24/5 technical support.
INGOT Brokers is a convenient platform for active trading and investment
In most cases users consider the large variety of assets to be the main competitive advantage of this broker. It offers hundreds of positions, such as CFDs on currencies, cryptocurrencies, stocks, indices, metals, energies, agricultural commodities, and ETFs. This allows traders not to limit themselves in choosing a strategy and to form balanced and diversified portfolios. Moreover, there is high leverage and no trading restrictions. Also, INGOT Brokers is comfortable for investing. Its MAM Pro and the copy trading service enable investors to earn passively in transparent conditions. Plus, the partnership (referral) program allows socially active traders and investors to receive additional bonuses.
Useful services offered by INGOT Brokers:
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Copy trading. This service is integrated into the broker's website. It allows traders to become signal providers or investors. Copy trading is transparent and there is a rating of signal providers;
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MAM Pro. This is a multi-account management system that allows investors to provide a part of their funds under the management of an experienced trader who trades for a small percentage of the profits;
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Economic calendar. It is built into the website. It displays all the main events from the sphere of politics and economics that may affect the movement of quotes for certain assets.
Advantages:
Simple and user-friendly interface of the website and the user account;
Registration and opening of account take no more than 5 minutes;
Low minimum deposit for Pro and ECN accounts;
More than 1,000 assets from 8 groups;
Proprietary copy trading service;
MAM Pro accounts with advanced management options;
Many useful functions and services on the broker's website.
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