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, ZForex 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
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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
- Tight spread ECN account
- Standard account with balanced trading conditions
- 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
How is INGOT Brokers regulated and what does its safety score indicate?
INGOT Brokers has a safety score of 9.8/10, which corresponds to a high security level in the review. It 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, but it does not provide negative balance protection. The broker was founded in 2006 and requires KYC verification, while participation in formal investor compensation schemes is only specified for CMA (KES 50,000) and JSC (JOD 10,000).
What commissions and fees are highlighted in reviews of INGOT Brokers’ pricing?
The review notes that INGOT Brokers has generally low fees, with a fees score of 8/10, and highlights low Forex trading costs, tight EUR/USD spreads, and the absence of deposit, withdrawal, and inactivity fees. On Standard accounts, EUR/USD spreads typically range from 0.2 to 0.4 pips and GBP/USD from 0.2 to 0.7 pips, while ECN/RAW accounts show average spreads of 0.1 pips on EUR/USD and 0.15 pips on GBP/USD plus a $3.5 per lot commission. Non-trading fees are listed as 0% for deposits and withdrawals, with no fixed withdrawal or monthly inactivity charges.
What types of trading accounts does INGOT Brokers offer and how do they differ?
According to the review, INGOT Brokers offers Demo, Standard, and ECN/Raw spread-style accounts, with additional described account types labeled Professional, ECN, and Prime. The Professional account has a $100 minimum deposit, up to 1:500 leverage, spreads from 1 pip, and no fee; the ECN account has a $100 minimum, up to 1:500 leverage, spreads from 0 pips, and a $7 fee; and the Prime account has a $10,000 minimum, up to 1:200 leverage, spreads from 0 pips, and a $5 fee. The broker does not provide Cent, Micro, Swap Free, VIP, or managed accounts, and all accounts use MetaTrader 4 and MetaTrader 5 only.
What markets and investment products are available with INGOT Brokers?
The review states that INGOT Brokers offers around 1,000 tradable assets, including 50 Forex currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, but not options. It also notes that bonds are not available, while ETFs, copy trading, and PAMM investing are supported, and managed accounts are not offered. Overall, the range of markets is described as standard and in line with the market average.
What do reviews say about opening a trading account with INGOT Brokers?
The review describes the account opening process at INGOT Brokers as 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 notes that users must complete profile and financial information, upload identification documents, and then gain access to functions such as account management, copy trading, and support. It also mentions that, in some cases, registration and approval may take longer depending on the documentation provided.
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