INGOT Broker Review 2023 Australian Broker

The world of foreign exchange trading, also known as forex, has gained significant popularity and recognition in recent years. As more individuals discover the potential for substantial profits in the global currency markets, the role of forex brokers becomes increasingly central. As we all know, this market is filled with options and various top brokers, some of which we have introduced on the BrokerLand website. Here, we intend to examine another one of the best forex brokers for beginners and professionals, called Ingot Broker.

Introduction to Ingot Broker

Ingot Broker was founded in 2006 and is an Australian forex broker that offers trading services in the forex and CFD markets. This company has expanded its presence to various international regions, including Asia, MENA (Middle East and North Africa), and international business hubs, through its offices in New Zealand, Switzerland, and Bahrain.

With a keen eye on the potential of financial markets, Ingot Broker provides the opportunity to trade a wide range of instruments, including ETFs, CFDs, futures, commodities, metals, energy, and forex, along with crypto currency trading. INGOT also exclusively offers trading solutions tailored to MENA countries for stocks and indices, including the United Arab Emirates, Egypt, Saudi Arabia, Qatar, and Kuwait.

In terms of offerings, Ingot, emphasizing transparent trading conditions, provides an NDD (No Dealing Desk) environment for order execution with competitive pricing starting from 0 pips and flexible leverage.

Headquarter 🏛 Australia
Regulation ⚖️ FSA (Financial Services Authority of Australia)
Instruments 🧰 ETF, CFDs, Futures, Commodities, Metals, Forex, Energy
Trading Platform 🖥 MT4، MT5
Minimum Spread 🔍 From 0 Pip
Demo Account 🔫 Available
Base Currency 💵 EUR، AUD، USD
Minimum Deposit 💰 100 Dollar

Regulation and licensing are the first things to check when choosing a broker. INGOT Broker, with over a decade of operations and a good reputation, is considered a low-risk Forex environment, on par with brokers like Alpari and IFC Markets. It is a licensed brokerage firm regulated by the Australian Securities and Investments Commission (ASIC). Additionally, INGOT Global Ltd is licensed by the Financial Services Authority of Seychelles (FSA), with the securities dealer’s license number “SD117”.

introduction to Ingot Broker

Is INGOT Broker a global broker?

Yes, INGOT Broker is a global trading platform, operating in 194 countries across Africa, Asia, Oceania, and Europe, with over 10,000 users. Some of the major countries covered by INGOT Broker include the United Kingdom, Germany, Australia, South Africa, Thailand, and China. In total, it has more than 10,000 users.

Pros and cons

INGOT Broker is a reliable and regulated broker with good trading technology, market access, and an excellent range of trading instruments. It offers various account types, low spreads, and educational resources among its services and advantages.

On the other hand, like any broker, INGOT Broker has both positive and negative aspects. Some of the negatives include the lack of 24/7 customer support, limited market range (focused on FX and CFDs), and international trading through an off-shore entity with varying conditions depending on the account type and entity.

Pros Cons
Regulated Focus on FX and CFDs
Good reputation Limited customer support (not 24/7)
Global presence, covering regions like Australia, Asia, the Middle East, North Africa, Europe, and more Trading conditions vary depending on the entity
Low Spread
Excellent technical tools and platforms
Competitive trading conditions

Overall, INGOT Broker is considered a reputable and global broker with many advantages for traders.

Leverage in INGOT Broker

Regarding the leverage levels offered by this broker, which allow you to trade with a much larger volume compared to your account balance, it’s important to note that the leverage can vary depending on your trading location, specifically Australia and Seychelles.

  • Australian traders have a maximum leverage of 1:30 for forex trading.
  • International traders operating through standard accounts may have access to leverage up to 1:500 for trading currency pairs.

Types of accounts offered by INGOT

INGOT Broker offers various types of trading accounts to cater to the needs and preferences of different traders. Here are some common types of trading accounts provided by this broker:

1. Prime Account: This is a basic trading account offered by INGOT Broker, suitable for beginners or traders who prefer standard trading conditions. It typically provides access to a wide range of financial instruments, including forex, stocks, commodities, and indices. This account may have either fixed or variable spreads, depending on market conditions.

  • Minimum Deposit: $20000
  • Spreads Type: Start from 0
  • Available Products: Forex ,Spot Metals ,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Future Grains ,Stocks, ETFs
  • Minimum Lot Size: 0.01
  • Leverage: Up to 1:200
  • EAs Allowed? Yes
  • Hedging Allowed? Yes
  • Negative Balance Protection Available? Yes
  • Is it a Swap-Free Free Account? No
  • Stop Out Level: 25%

2. ECN Account: The ECN account, which stands for Electronic Communication Network, is designed for traders seeking direct access to liquidity providers and interbank markets. Offered by INGOT Broker, this account comes with tighter spreads, faster execution speeds, and greater transparency in pricing. ECN accounts can be useful for advanced traders or those engaged in high-frequency trading.

  • Minimum Deposit: $100
  • Spreads Type: Start from 0
  • Available Products: Forex ,Spot Metals ,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Future Grains ,Stocks, ETFs
  • Minimum Lot Size: 0.01
  • Leverage: Up to 1:200
  • EAs Allowed? Yes
  • Hedging Allowed? Yes
  • Negative Balance Protection Available? Yes
  • Is it a Swap-Free Free Account? No
  • Stop Out Level: 25%

3. Professional Account:  INGOT Broker, offer Professional accounts for high-volume or high-net-worth traders. These accounts often come with improved trading conditions, personalized support, lower trading commissions, and additional features tailored to the needs of experienced traders.

  • Minimum Deposit: $100
  • Spreads Type: Start from 1
  • Available Products: Forex ,Spot Metals ,Cryptocurrencies,Spot Indices, spot Energies, Future Metals, Future Indices, Future Softs, Future Energies,Stocks, ETFs
  • Minimum Lot Size: 0.01
  • Leverage: Up to 1:500
  • EAs Allowed? Yes
  • Hedging Allowed? Yes
  • Negative Balance Protection Available? Yes
  • Is it a Swap-Free Free Account? Optional
  • Stop Out Level: 25%

4. Demo Account: Another type of account offered, as mentioned in previous articles and also available with INGOT Broker, is the demo account. It allows traders to simulate trades without risking real money. Demo accounts are useful for beginners to practice using the trading platform, test strategies, and gain familiarity with the markets.

When choosing a trading account, it’s crucial to consider your trading goals, experience level, and preferences. Factors such as minimum deposit requirements, trading conditions (spreads, commissions, leverage), available platforms, and customer support should all be evaluated before making a decision. You can see the minimum deposit amount for opening different types of accounts at INGOT Broker in the image below:

انواع حساب در بروکر ingot

Spread and Fees at INGOT Broker:

The spreads and fees at this broker vary depending on the type of account and the instrument you are trading. Spreads start from 0 pips and can differ based on the specific asset you are trading. For instance, commissions for ETFs may start from $35, while futures trading may have commissions starting from $10. You can see these fees in the table below:

Fees ingot
Deposit Fee None
Withdrawal Fee None
Inactivity Fee Applicable
Fee ranking Low

INGOT Broker also offers competitive variable spreads. Here are some sample spread values for certain popular assets in the forex market:

Fees Spread
EUR/USD ۱.۱ pips
Crude Oil WTI ۳ 3 pips
Gold (XAU/USD) 30 pips

Available Trading Platforms

Here are the trading platforms offered by INGOT Broker:

MetaTrader 4 (MT4): MT4, available at INGOT Broker, is a well-known and widely used trading platform in the forex industry. It provides a comprehensive set of tools and features for technical analysis, charting various chart types, and executing orders. MT4 supports automated trading through Expert Advisors (EAs) and offers access to a wide range of indicators and plugins. For a better understanding and learning experience, we recommend reading the MetaTrader 4 tutorial article.

Available Trading Platforms

MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers a wide range of features and capabilities. In addition to forex, it provides access to a greater variety of financial instruments, including stocks and futures. MT5 offers advanced charting tools, market depth information, and various additional order types compared to MT4. INGOT Broker also offers this platform for traders.

Available Trading Platforms at INGOT

Mobile Trading Apps: INGOT Broker offers mobile trading apps that work on both iOS and Android devices. These apps allow you to access your trading account, monitor the markets, execute trades, and manage your positions. Mobile trading apps are popular among traders who prefer trading via smartphones or tablets. MetaTrader is available on iPhone, iPad, and Android devices for free on this broker.

Summary of INGOT Broker Review

In this article from the brokerland website, we introduced and reviewed INGOT Broker, a financial brokerage company that offers forex trading services. We also mentioned it as one of the best forex brokers for beginners. The company’s goal is to provide a comprehensive trading experience and a wide range of financial tools to meet the needs of traders.

One notable aspect of INGOT Broker is its multi-asset trading platform, which allows customers to access various markets, including forex, stocks, commodities, and more, all from a single account. This can be beneficial for traders looking to diversify their portfolios or explore different trading opportunities.

In terms of forex trading, INGOT Broker provides access to a wide range of currency pairs and offers competitive spreads and leverage options. However, it’s essential to note that leveraged trading carries inherent risks, and traders should exercise caution and use risk management strategies.

The broker aims to offer a user-friendly trading experience by providing visual trading platforms and tools. These platforms may include popular options like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), well-known for their robust features and widespread use among traders.

Regarding customer support, this broker typically assists customers through various channels, such as phone, email, or live chat. A sufficient level of customer support is crucial for addressing any questions, technical issues, or account-related concerns that traders may encounter during their trading journey.

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