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,

 

Ingot Brokers Company Info

HeadquartersSydney, Australia
Type of BrokerMarket Maker
Founded2004
Regulated ByASIC (Australia)
Offices InAustralia, New Zealand, Switzerland
Supported LanguagesEnglish, Russian, French, Arabic, Chinese, Ukranian

Ingot Brokers Account Details

Account CurrenciesEUR, USD, NZD, CHF, JPY
Minimum Deposit$100
Traders from USA AllowedNo
Clients Funds SegregatedYes
Interest on MarginNo
Islamic AccountsYes
Islamic Account RestrictionsMuslim Faith Only
ECN / STP Accounts OfferedNo
Commission on STP or ECN0
VIP Accounts OfferedNo
Mini Accounts OfferedNo
PAMM / MAM SolutionsNo
API SolutionsNo
Mobile TradingYes
Web Based TradingNo
Funding MethodsCredit/Debit Cards, Wire Transfer, Skrill
Withdrawal MethodsWire Transfer

Ingot Brokers Platform Details

Platforms OfferedMetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS
NO of Pairs28
Pricing Digits5
Trade off ChartsYes
One-click ExecutionNo
Email AlertsNo
Mobile AlertsNo
MetaTrader Server Time
Demo Account Expiry12 Days
VPS OfferedNo

Ingot Brokers Trading Details

Dealing DeskYes
Maximum Leverage100:1
Minimum Contract Size0.1
ExecutionInstant Execution
HedgingYes
ScalpingNo

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.