INGOT Brokers – a premium multi-asset brokerage firm, with solid presence in multiple countries around the world – boasts 15 years of experience in the field of financial trading. After its inception in 2006, the company has significantly grown to reach local and international markets, simultaneously expanding its client base.

A brief introduction to INGOT Brokers

The primary regulatory authority for this firm is the Australian Securities and Investments Commission (ASIC), in addition to being regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) and the Jordan Securities Commission (JSC).

To provide an excellent trading experience, INGOT Brokers offers 1000+ trading instruments across various markets, namely Forex, Stocks, ETFs, Commodities, Indices, and Cryptocurrencies, which can be traded in via the world’s most popular platforms; the MetaTrader4 and MetaTrader5. Available spreads start at 0.0, whereas the leverage can go up to 1:500, depending on the regulatory body.

INGOT Brokers does not grant bonuses, however, it makes available enticing promotional offers, such as zero commissions on stock trading, which may vary among regulators. Moreover, the firm delivers great educational material for its traders, where they can find multiple high-quality videos on basic Forex and trading topics. There is also a comprehensive FAQs to answer the most recurrent questions posed by traders. In tandem, the firm produces blogs that share updates on the latest news, as well as timely-relevant market analysis.

INGOT Broker Licenses & Regulation

INGOT Brokers is fully authorized and regulated by three of the most notable regulatory authorities in the world; the ASIC, JSC, and SVGFSA, with a few more licenses well underway. Having a variety of licenses adds to the company’s legitimacy and reliability. Therefore, when a question arises about INGOT Brokers’ trustworthiness, the answer would be that the company can definitely be trusted, adding that the firm has other signifiers of legitimacy that we will be discussing in our review.

INGOT Broker Trading Features

A broker is as good as its trading features. It’s vital for any kind of business to have great products and services. In our review, we will discuss the following factors relating to INGOT Brokers services and products in great detail. These factors are:

• Leverage
• Spread
• Fees
• Minimum deposit and withdrawal

INGOT Brokers seems to have fair policies when it comes to their products and services.

Leverage

Leverage trading, also known as margin trading, is a method of completing trades in which the sale sum is several times greater than the trader’s total money. INGOT Brokers aims to provide the best leverage possible.

The traders only spend a small portion of their funds in a deal. This percentage’s exact value is determined by several variables, including the broker, site, and asset. The method of margin trading is now widely used. As a law, leverage refers to the proportion of a trader’s funds to the overall sum and margin, expressed as a percentage.

INGOT Brokers offers great leverage at the maximum of 1:500, which is a fairly decent proportion when you compare it to what other brokerage firms present. However, it should be noted that the leverage differs according to the authoritative entity.

Spread

The general spread amount for INGOT Brokers accounts varies between 0 and 1. If you are interested, specifically in Forex, it’s noteworthy to mention that the spreads for major currency pairs like EUR/USD or AUD/USD are in a floating position. This is the case for all of the provided currency pairs on the site. This means that the percentage of the spread is dependent on the transactional value between the currency pairs. In the worst-case scenario, a political or economic factor might increase the spread by a few percent. However, as of this moment, it is between 0 and 1.

Fees

Deposits & Withdrawals

Unless one is using the Prime Account, the minimum deposit amount is a hundred dollars with INGOT Brokers. There are multiple payment methods displayed on the site, including:

• Wire Transfer: There is no restriction on the withdrawal amount using this option. The minimum deposit amount is USD 100 and the available currencies are EUR, AUD, USD, and GBP. INGOT Brokers charges zero fees, however, received deposits may be subject to fees by the recipient or intermediary bank.
• Skrill: This e-wallet has a 4% depositing fee; however, the minimum deposit amount is ten times smaller than the wire transfer at USD 10. The processing time is very instant and there are no restrictions on the amount of money one can withdraw, but some countries restrict the use of Skrill. USD, AUD, and EUR are the available currencies.
• Neteller: This electronic wallet has a lower depositing fee than Skrill by a mere 3%. The minimum depositing amount is just USD 10 like its counterpart and the processing time is instant. There are no limits to withdrawals using Neteller, but some countries restrict the use of Neteller. Available currencies include EUR, USD, and AUD.
• Bitcoin: There are no depositing fees with this cryptocurrency. The minimum depositing amount is USD 50. The maximum limit for a withdrawal does not exist. The processing time is between 1 and 24 hours.
• Ethereum: Much like bitcoin, there are no depositing fees with Ethereum. The minimum depositing amount is USD 50. There are no limits on the amount one can withdraw, and processing time is between 1 to 24 hours.
• Visa and MasterCard: The available currencies with this payment option are the USD and EUR. There’s a 3% depositing fee. The processing time is instant and the minimum amount of money one needs to deposit is USD 100.

In our opinion, the available payment options are quite diverse and very fair when you compare them to other brokers.

INGOT Broker Account Types

There are multiple account types available on the INGOT Brokers website, catering to the different needs of clients. Each account has a distinctive feature to offer. The available accounts are:

• ECN
• Professional
• Prime

In this section of the review, we will thoroughly discuss all the aspects and features of each account. It’s noteworthy to mention that the Professional Account is the most popular within the INGOT Brokers clientele.

ECN

The minimum deposit amount for this account is a hundred dollars. The spread starts from zero and the list of available instruments is quite extensive. The five products available for trading are:

• Spot Metals
• Spot Indices
•  Crypto CFDs
•  Forex
• Spot Energies

The stop-out level is 25% on all ECN accounts. The minimum lot size with the account is 0.01 and the leverage ratio is 1:200. Hedging and expert advisors are allowed. With this account type, you can use the negative balance protection policy to your advantage. If one is using an Islamic account, it’s noteworthy to mention the fact that an ECN account won’t be swap-free.

Professional

The minimum deposit amount for this account, which is the most popular and in-demand account on the site, is a hundred dollars. The spread starts from 1 and there are many available instruments to trade with. The eight products available for trading are:

• Spot Metals
• Spot Indices
•  Crypto CFDs
•  Forex
• Spot Energies
• Future Energies,
• US CFDs
• Future Indices,

The stop-out level is 25% for professional users. The minimum lot size with the account is 0.01 and the leverage goes up to 1:500. Hedging and expert advisors are allowed. With a professional account, one can use the negative balance protection policy. For professional users, swap-free Islamic accounts are optional.

Prime

According to our INGOT Brokers Review, if you are willing to make higher deposits, the prime account would be suitable for you as the minimum deposit for it is $25,000.The spreads on this account start from zero and arguably have way more trading instruments than previously discussed account types. The eleven trading instruments which are available for trading are

• Spot Metals, Energies, and Indices
• US and UK CFDs
• Crypto CFDs
• Future Energies, Indices, and Metals
• Agricultural Commodities
• Spot Forex

The stop-out level is 25% on all Prime account owners. The minimum lot size of the prime account is 0.01 and the leverage ratio is 1:100. Hedging and expert advisors are allowed. With this account, the negative balance protection policy is in place for one’s benefit. There are no swap-free Islamic accounts for INGOT Brokers Forex Broker Prime users.

Booster

As per our review, if you are willing to make higher deposits, the Prime Account would be suitable for you as the minimum deposit for it is USD 25,000. Spreads on this account start from 0 and arguably have way more trading instruments than previously discussed account types. The eleven trading instruments available for trading are:

• Spot Metals, Energies, and Indices
• US and UK CFDs
• Crypto CFDs
• Future Energies, Indices, and Metals
• Agricultural Commodities Futures
• Spot Forex
• Forex

The stop-out level is 25% on all Prime Account owners. The minimum lot size of the Prime Account is 0.01 and the leverage ratio is 1:100. Hedging and expert advisors are allowed. With this account, the negative balance protection policy is in place for one’s benefit. There are no swap-free Islamic accounts for INGOT Brokers Prime Account holders.

INGOT Broker Review – Final Verdict

All in all, INGOT Brokers offers more than a thousand trading instruments across eight different asset types. You should give INGOT Brokers a try because their spreads are very reasonable compared to other brokers

INGOT Brokers has 15 years worth of experience and presents traders with limitless trading opportunities. They offer clients the best trading platforms, specifically MT4 and MT5, which enable them to use extensive trading features that can be quite handy with regards to multifunctionality. The sites’ educational materials are very informative and a great way to brush up or learn new skills about Forex trading and the basics of trading.

There’s also a knowledgeable customer service team working 24/6 to provide you with an excellent service in multiple languages. It’s notable to mention how fast the live chat option is when compared to its competitors. Potential traders may also benefit from a negative balance defense policy in place for all INGOT Brokers accounts. Moreover, the company boasts multiple awards that have been provided by different entities.

FAQ on INGOT Broker

What is INGOT Brokers’ zero commission campaign?

• The company offers its clients a chance to request and invest in any stock they want, without any commissions, which means that the client gets more out of their trades. However, this may differ depending on the regulatory entity.

Does INGOT Brokers have any bonuses?

• No, they don’t have any bonuses at the moment. However, they frequently launch incredibly generous and exciting competitions for their loyal and new clientele, which differ according to the authoritative entity.

Is INGOT Broker legit?

• Yes, this brokerage firm is legit. The site has multiple licenses. It is regulated by the ASIC, JSC, and SVGFSA. It’s noteworthy to emphasize that other factors can tell us how legitimate a brokerage might be. Having multiple qualifications is a great start, but the fact that the site uses a two-factor authentication process for its accounts and 3D authentication for online payments is a big deal. Many of the other brokers don’t have heightened security. A long list of security measures and payment options is also another signifier of being a legitimate brokerage firm.

Disclaimer: Some information listed in the review may differ depending on the entity the trader is registered under.