INGOT Brokers

INGOT Brokers Review: Is INGOT Brokers Good?

Broker overview and general information

INGOT BrokersIt is a financial broker founded in 2006 with headquarters in Dubai, United Arab Emirates. The company is regulated by several reputable financial authorities.Launched with 4 licenses from leading regulatory bodies in the brokerage business, the broker offers a wide range of market instruments including Forex, Stocks, Indices, Commodities and Cryptocurrencies.

Broker Licensing and Regulation

If you ask whether INGOT Brokers is good or not, you must first consider the license factor, which has the following licenses:

• Financial Services Authority (FSA Seychelles) License No. SD117 under INGOT Global Ltd.

• Australian Securities and Investments Commission (ASIC) License No. 428015  under Ingot Brokers (australia) Pty ltd.

• Regulated by the Jordan Securities Commission (JSC) under INGOT Financial Brokerage Ltd.

• Capital Markets Authority (CMA) License No. 173 under Ingot Africa Limited.
  

⚠️Warning:Each agency's regulations vary by jurisdiction, so be sure to check the regulations that apply to you.

For investors outside of specific jurisdictions, protection may be limited and depends on country-specific requirements. If you want protection, make sure that the broker is licensed and regulated by the authorities in their country.

Broker Products and Services

Trading products

• Forex: Trade global currencies and profit from the volatility of the world's largest market with major currency pairs like eurusd, gbpusd, usdcad and minor and exotic pairs.

• Cryptocurrency Market : Trade popular Cryptocurrencies like  bitcoin (btcusd), ethereum (ethusd), litecoin (ltcusd) etc. Access the cryptocurrency market, speculate on new trends 

• ETF Market: Access to exchange traded funds such as govt, fivg, sdow etc. Invest in a variety of assets, spread risks, and facilitate portfolio management.

• Indices: Traders can trade major indices such as the DAX 40, S&P 500, and Nasdaq 100 to speculate on overall market trends.

• Stocks: Invest in growing businesses, benefit from the company's performance, from leading companies like  meta, lyft, snap 

• Precious Metals: Invest in assets that have value, are stable, and protect against inflation risks, such as precious metals such as gold and silver.

Trading Platform

The broker offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular among traders all over the world.

• Meta Trader 4

  MetaTrader 4 is a multi-asset trading platform with advanced technical and fundamental analysis tools, a flexible trading system and compatibility with automated trading software. It is a universal trading platform for traders around the world. It supports all devices, both IOS and Android.

• Meta Trader 5

  Another next-level platform that supports all traders' needs

INGOT Brokers Review: Account Types

There are 3 types of account types with different features as follows:

PRIME Account

• Spread starts at 0

• Maximum leverage 1:200

• Minimum deposit $20,000

• Commission $5

ECN Account

• Spread starts at 0

• Maximum leverage 1:200

• Minimum deposit $100

• Commission $7

Professional Account

• Spread starts at 1

• Maximum leverage 1:500

• Minimum deposit $100

• Commission 0$

Deposit and Withdrawal Review

Deposit

• Wire Transfer: USD, EUR, AUD, GBP, KES – 0% fee, no limit, receive time

• Instant Bank Transfer: MYR, IDR, VND – 0% Fee, $13,000 Instant Credit Limit

• Credit Card Gateway & Apple Pay: USD, JOD – 0% Fee, $1,000,000 Instant Credit Limit

• INTERAC e-transfer: CAD – 3% fee, $3,000 instant deposit

• Thailand QR: THB, MMK, LAK – 0% Fee, $12,000 Instant Credit Limit

• Thunderx Instant: THB, KHR – 0% Fee, $12,000 Limit

• Pay Retailers: USD – 5% fee, $100,000 limit

• IPay: USD, KES – 0% Fee, $150,000 Limit

• Africa Local Payment Methods: USD, KES, GHS, NGN, UGX, TZS, MZN, BWP, ZAR – 0% Fee, No Limit, Instant

• INGOT Card: USD, JOD – 0% Fee, No Limit, Instantly

• Egypt Local Payment Methods: EGP – 0% Fee, No Limit, Instant

Withdrawal

• Wire Transfer: USD, EUR, AUD, GBP, KES – 0% fee, Limit $100 - $1,000,000, Takes 1 - 5 business days (may have fees from originating and intermediary banks)

• Instant Bank Transfer: MYR, IDR, VND – 0% fee, $15 - $10,000 limit, 1 - 12 hours

• Thunderx Instant: THB, KHR – 0% Fee, Limit $10 - $12,000, Time 0 - 5 hours

• Pay Retailers: USD – 5% fee, $1 - $100,000 limit

• IPay: USD, KES – 0% Fee, $5 Min., No Max., 12 Hours

• Africa Local Payment Methods: USD, KES, GHS, NGN, UGX, TZS, MZN, BWP, ZAR – 0% Fee, $5 Min., No Max., Up to 24 Hours

• INGOT Card: USD, JOD – 0% Fee, $10 Min., No Max., 1 - 12 Hours

• Egypt Local Payment Methods: EGP – 0% Fee, $5 Min., No Max., Up to 24 Hours

Customer Service

• Live Chat

• Email :[email protected]/[email protected]

• Tel : 002484345580

• Facebook :https://www.facebook.com/INGOTBrokers

• X :https://www.facebook.com/INGOTBrokers

• Linkedin :https://www.linkedin.com/company/ingot-brokers/

• YouTube :https://www.youtube.com/@INGOTBrokersGlobal

• Telegram :https://t.me/ingotbrokersafrica

Broker Review Overview Summary

INGOT Brokers is a broker with standard operations, comes with a variety of licenses and services, both in terms of platforms supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as a variety of trading assets such as Forex, commodities and cryptocurrencies.

However, this broker does have some drawbacks to consider, such as charging a 1% withdrawal fee for most withdrawal methods, which can be a burden for those who need to withdraw money frequently. There is also a lack of comprehensive educational resources for beginners, making it difficult to learn and develop trading skills. There is also no small account size for traders who want to start with a small amount of capital. Traders should carefully consider both these advantages and limitations before making a decision.

Frequently Asked Questions about INGOT Brokers

Q: Are there any regional restrictions on the broker?

A: The broker does not support clients who are citizens and/or residents of the United States (USA).

Q: What is the minimum deposit?

A: The minimum initial deposit is $10, but you must have at least $100 in your account.

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INGOT Brokers Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.