Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
INGOT Brokers Pros & Cons
- 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 Verdict
INGOT Brokers demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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INGOT Brokers User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of INGOT Brokers have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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
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Is INGOT Brokers Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.8 /10INGOT 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 20 years
- No negative balance protection
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3.6 /10INGOT Brokers offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- No Swap Free account
- Micro lots are not available
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.7 /10INGOT Brokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10INGOT 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.
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Trading Account Opening
We successfully registered an account with INGOT Brokers in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at INGOT Brokers is $1.Score:We evaluated Trading Account Opening at INGOT Brokers by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at INGOT Brokers by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.1 /10
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FAQs
What does the regulation and safety profile of INGOT Brokers indicate for client fund protection?
INGOT Brokers has a safety score of 9.8/10 and is regulated by several authorities, including Tier-1 regulator ASIC in Australia, Tier-2 regulators CMA in Kenya and JSC in Jordan, and Tier-3 regulator FSA in Seychelles. The broker participates in investor protection schemes in Kenya (KES 50,000) and Jordan (JOD 10,000), but it does not offer negative balance protection, and there is no specific investor compensation fund under ASIC or FSA Seychelles mentioned in this section.
What trading account types and conditions are available at INGOT Brokers?
According to the section, INGOT Brokers offers Demo, Standard, Professional, ECN, and Prime accounts, but does not provide Cent, Micro, Swap Free, VIP, or managed accounts. Minimum deposits start from $100 for Professional and ECN accounts (with up to 1:500 leverage) and $10,000 for the Prime account (with up to 1:200 leverage), and trading is available only via MetaTrader 4 and MetaTrader 5.
What do user reviews and feedback say about INGOT Brokers’ overall satisfaction level?
Based on available user reviews, INGOT Brokers has a user satisfaction score of 3/10 from 2 reviews, with 50% 2-star and 50% 1-star ratings. The overall tone of the feedback in this section is mostly negative.
How do reviews describe the INGOT Brokers trading account opening process?
The section states that opening an account with INGOT Brokers is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. It highlights a low minimum deposit of $1 and describes the process as accessible, while also noting that registration and approval may take longer depending on the documentation provided.
What do client support reviews and comments reveal about INGOT Brokers customer service?
The customer support section notes that INGOT Brokers offers assistance via call center, email, live chat, and ticket system, operating 24/5 and accessible even to non-members. However, it also mentions weaknesses such as delays in replies, limited depth of assistance in testing, and the lack of support on weekends, which may cause inconvenience for users who depend heavily on support.
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