Table of Contents
Ingot Brokers Review
With a long track record in the forex brokerage industry. Having been set up all the way back in 2006, INGOT BROKERS is already considered an old player in this market, although it continues to remain popular with many traders.
With a long track record in the forex brokerage industry. Having been set up all the way back in 2006, INGOT BROKERS is already considered an old player in this market, although it continues to remain popular with many traders.
In Australia,
For Australian residents, this stands in sharp contrast to many unregulated offshore brokers, where traders have very limited options available if something goes wrong in their dealings with the broker.
In addition to being regulated in Australia, This is also clearly stated on the website of the Australia-based broker, ”
Interestingly, the offshore-centered branch of INGOT BROKERS is one of only a few forex agents that accepts clients from almost all countries in the world.
In terms of assets that are available for trading, INGOT Brokers has quite a strong offering for its clients. The list of assets includes an unusually large selection of CFDs based on numerous exchange traded funds (ETFs) & the stocks of more than 200 companies from around the world, a selection of more than 30 FX pairs, as well as CFDs that track the price of a large range of commodities.
In addition, INGOT Brokers is also among the CFD brokers that have embraced the crypto revolution, Keep in mind, however, that’s unlike the real underlying crypto market, which of course trades 24/7.
Another important thing to keep in mind regarding crypto CFDs is that these instruments cannot be transferred to any other users. Unlike real cryptocurrencies, crypto CFDs thus do not have any use cases other than price speculation.
Spreads between buy and sell prices of the instruments that are offered from INGOT Brokers are generally competitive. The ECN account is the most suitable account option for traders with medium to large trading accounts.
All assets offered by INGOT Brokers are traded on either the MetaTrader 4 or 5, usually referred to as just MT4 or MT5. Despite being released all the way back 2005 and 2010, respectively. At the time of this review, no additional trading platforms are available from INGOT Brokers.
As usual, trading accounts can be funded with either bank wire transfer,
COMPANY INFORMATION
INGOT Brokers group includes 2 related companies.
INGOT Brokers AU – located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
INGOT Brokers SVG – legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
The AU company has some trading restrictions, but not the SVG one.
INGOT Brokers group accepts clients from all over the world, excluding some countries where restrictions apply.
DISTINCTIVE FEATURES
- Operates both in regulated and unregulated jurisdictions.
- Stock CFDs of companies from different regions and countries.
- Tight spreads on ECN type of trading account.
TRADING INSTRUMENTS
| 30+ Currency Pairs | Based on major and minor world currencies. |
| 6+ Currency Futures | Based on major world currencies. |
| 5 Crypto Pairs | Based on Bitcoin, Dash, Ethereum, Litecoin, Ripple. |
| 12 Cash Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal Spot CFDs | Based on Gold and Silver. |
| 3 Metal Futures | Based on Gold, Silver and Copper. |
| 3 Energy Futures | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 6 Soft Futures | Based on Cocoa, Coffee, Corn, Soymeal, Sugar, Wheat. |
| 200+ Stock CFDs | Based on shares of AU, CA, US, UK, EU, Middle East and Asian companies. |
| 30+ ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
Ingot Brokers Company Info
| Headquarters | Sydney, Australia |
| Type of Broker | Market Maker |
| Founded | 2004 |
| Regulated By | ASIC (Australia) |
| Offices In | Australia, New Zealand, Switzerland |
| Supported Languages | English, Russian, French, Arabic, Chinese, Ukranian |
Ingot Brokers Account Details
| Account Currencies | EUR, USD, NZD, CHF, JPY |
| Minimum Deposit | $100 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Muslim Faith Only |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | 0 |
| VIP Accounts Offered | No |
| Mini Accounts Offered | No |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | No |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill |
| Withdrawal Methods | Wire Transfer |
Ingot Brokers Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS |
| NO of Pairs | 28 |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | No |
| Email Alerts | No |
| Mobile Alerts | No |
| MetaTrader Server Time | |
| Demo Account Expiry | 12 Days |
| VPS Offered | No |
Ingot Brokers Trading Details
| Dealing Desk | Yes |
| Maximum Leverage | 100:1 |
| Minimum Contract Size | 0.1 |
| Execution | Instant Execution |
| Hedging | Yes |
| Scalping | No |
How do I make sure my money is secure with INGOT BROKERS?
Our client’s money is completely held separately from INGOT Brokers’ money in a separately managed account with tier 1 Banks. INGOT Brokers is bound to hold a Professional Indemnity Insurance Policy (PIIP) to protect our client’s funds.
Does my demo account have an expiry date?
Yes, it expires in two weeks’ time.
How do I deposit money into my trading account with Ingot Brokers?
Login to your Traders’ Hub account, click on the Fund Account tab, then click on “Deposit Fund” and choose the method by which you wish to deposit, and then proceed.
Is Scalping and Hedging allowed with Ingot Brokers?
INGOT Brokers does not allow scalping, the minimum time frame to buy and sell an instrument is 10 minutes and above. If we find any scalping trades, we reserve the right to close the account within a 24 hours duration. Whereas we allow Hedging and you can utilize the Margin left in your account.
