INGOT Brokers Review

History and Origin

INGOT Brokers was established in the year 2006 in order to provide the latest trading solutions for their clients on both ends of the Institutional as well as Retail spectrum. The experience in countless financial markets amassed by itself makes INGOT Brokers no stranger to transparency, openness, and good customer satisfaction.

Mission and Vision

The company's objective is to empower traders with the necessary tools and excellent training; allow far-reaching and competitive trading conditions. It wants to be the broker where all clients from all global regions come, knowing that opportunities to innovate and lead excellence in the very best way are what INGOT Brokers is about.

Global Presence

In Australia and the Middle East, such an astounding construction is followed by more key financial locations alongside INGOT Brokers, shedding light on localized servicing and multilingual support: over 100 countries serviced.

Advantages and Disadvantages

Strengths

• Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
• The low $100 minimum deposit and the option to trade with zero commissions will appeal to newer traders
• Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers

Weaknesses

• The broker’s educational resources and market research trail most competitors
• The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
• The ECN account offers fewer assets than the other account types

Safety and Regulations

Regulations

INGOT assists clients in attaining their financial goals by following extremely stringent financial standards imposed by the Australian Securities and Investment Commission (ASIC) and the Financial Services Authority (FSA) in the Seychelles.

Fund Segregation and Coverage

Customers' funds are under custody in separate accounts in major banks. This protection from negative balancing ensures a trader does not suffer losing more than the amount in his account.

Instruments for Exchange

Currency Pairs

The broker gives traders more than 45 different currency pairs to choose from, allowing them to participate in major, minor as well as exotic currency pair trading with very competitive spreads and high liquidity.

Commodities

Among the commodities traders can trade, it includes spot prices of precious metals like gold and silver, prices of oil and its derivatives, and most agricultural products of the world, as exemplified by grain and the leaf's stimulant, coffee.

Indices

Providing exposure to major financial markets globally, some of the major global indices that can be reached through this broker would include names like NASDAQ, S&P 500, FTSE 100, and DAX.

Cryptocurrencies

Along with fiat pairs, clients have the possibility of getting involved in a variety of popular instruments among which are: Bitcoin, Ethereum, Ripple, Litecoin.

Shares

In addition to the abundant developing markets universe, the broker offers shares of leading companies from the USA, UK, and Europe.

Account Types

Fees and Costs

Spreads and Commission

Spreads on ECN accounts begin at 0.0 pips per account while standard accounts avoid commission fees and charge by 1.4 pips; in addition, customer money management fees are adjusted from account to account.

Swap Rates

Overnight swap fees normally apply on customers' positions during the night, as the company has clearly set them out in its agreement and they are exempt from Islamic law where they might have to charge people who leave it overnight even if it is a very small load.

Inactivity Fees

This is a fee charged to customers who allow their accounts to stay out of use for a long period of time, and is designed to encourage most-active trading on ecommerce platforms.

Trading Platforms