INGOT Brokers Account Types vary according to what traders require. INGOT Brokers provides four different account types – the ECN Account, the Professional Account, the Prime Account, and the Booster Account. A 100% risk-free Demo Account is also offered.
INGOT Brokers at a glance
| 🔍 Brokers Name | INGOT Brokers |
| 📍 Headquartered | Saint Vincent and the Grenadines, Australia |
| 📅 Year Founded | 2006 |
| 🏛 Regulating Authorities | SVG Financial Services Authority the Australian Securities and Investment Commission (ASIC) |
| 🌐 Countries not accepted for trade | United States |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 📒 Demo Account | Yes |
| 💻 Institutional Accounts | Yes |
| 💻 Managed Accounts | No |
| 📊 Maximum Leverage | 1:500 |
| 💳 Minimum Deposit | $100 USD |
| ZAR | R1 600 ZAR |
| 💳 Deposit/ Withdrawal Options | Bank Wire Transfer Skrill Neteller Bitcoin Wallet Ethereum Wallet Credit/Debit Card |
| 💻 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📲 OS Compatibility | Windows, Linux, MacOS, Android, iOS |
| 📊 Tradable Assets | Commodities Stocks Indices ETFs Forex Cryptocurrencies |
| 🌐 Languages supported | Multilingual |
| ☎ Customer Service Hours | 24 hours a day /6 days a week |
Min Deposit
USD 100
Regulators
SVG FSA, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
INGOT Account Types Revealed – A Key 11 Point Quick Overview
- ✅INGOT Brokers at a glance
- ✅INGOT Brokers Overview
- ✅INGOT Brokers Account Types
- How to open an INGOT Brokers trading account – Step by step
- INGOT Brokers Account Features
- INGOT Brokers Demo Account
- INGOT Brokers Islamic Account
- INGOT Brokers Pros and Cons
- INGOT Brokers Customer Reviews
- Final Thoughts
- Frequently Asked Questions
INGOT Brokers Overview
INGOT Brokers was established in 2006 and is based in Saint Vincent, Grenadines, and Australia. INGOT Brokers has over 15 years of experience in the various financial markets, offering traders from around the world endless trading opportunities on one innovative platform.
INGOT Brokers is known for offering the trade-in of more than 1 000 financial instruments spread across several asset classes. These can be traded through the advanced, user-friendly, and sophisticated MetaTrader 4 and MetaTrader 5 trading platforms.
In addition, when trading with INGOT Brokers, traders are given access to a variety of educational material, trading tools, and a dedicated and professional customer support team. Traders also have a choice between dynamic account types, each tailormade to suit the needs of different traders.
INGOT Brokers Account Types
INGOT Brokers caters to the various trading styles, needs, and objectives that different traders may have. For this reason, INGOT Brokers offers a range of dynamic, comprehensive account types. The accounts that traders can expect include:
| 🌐 ECN Account |
| 🌐 Professional Account |
| 🌐 Prime Account |
| 🌐 Booster Account |
Traders have the option of registering either of these accounts either as an individual, joint, corporate, or agent account.
INGOT Brokers Account Features
ECN Account
With the ECN Account, traders can benefit from tighter spreads along with lower commission charges. This account is a low-cost trading solution that caters to a variety of traders. The features of the ECN Account include:
| Minimum Depsit | $100 |
| ZAR | R1 600 ZAR |
| Spreads | 0.0 pips |
| Available Products | Spot Metals, Spot Energies, Spot Indices, Crypto CFDs, Spot Forex, UK Stocks, US Stocks, EU Stocks |
| Minimum Lot Size | 0.1 |
| Leverage | Up to 1:200 |
| EA's Allowed | Yes |
| Hedging Allowed | Yes |
| Negative Balance Protection | Yes |
| SWAP Free Account | No |
Professional Account
The Professional Account is an ideal gateway to the largest financial markets in the world with the benefit of some of the best trading conditions in the industry. The Professional Account has the following features:
| Minimum Deposit | $100 |
| ZAR | R1 600 ZAR |
| Spreads | 1 pip |
| Available Products | Spot Metals, Spot Energies, Spot Indices, Crypto CFDs, Future Energies, Future Indices, Spot Forex, Softs Futures, Future Metals,Share CFDs,ETFS |
| Minimum Lot Size | 0.01 |
| Leverage | Up to 1:500 |
| EA's Allowed | Yes |
| Hedging Allowed | Yes |
| Negative Balance Protection | Yes |
| SWAP Free Account | Optional |
| Stop Out Level | 25% |
Prime Account
This account type is designed for high-volume traders who need access to advanced features as well as competitive pricing. With the Prime Account from INGOT Brokers, traders can trade all available financial instruments with zero commissions by using award-winning trading platforms. The features of the Prime Account are:
| Minimum Deposit | $25000.00 |
| ZAR | R400 000 ZAR |
| Spreads | 0.0 pips |
| Available Products | Spot Metals, Spot Energies, Spot Indices,Future Energies,Future Indices,Future Metals,Agricultural Commodities Futures,Crypto CFDs,Spot Forex,ETFs,US. UK & EU CFDs |
| Minimum Lot Size | 0.1 |
| Leverage | 1:100 |
| EA's Allowed | Yes |
| Hedging Allowed | Yes |
| Negative Balance Protection | Yes |
| SWAP Free Account | No |
| Stop Out Level | 25% |
Booster Account
The Booster Account offers traders competitive trading conditions while charging some commissions on certain asset classes. However, traders are also offered a certain amount of cash back when they trade using this account. The features that traders can expect with the Booster Account are as follows:
How to open an INGOT Brokers trading account – Step by step
Setting up a live account with INGOT Brokers is an easy and straightforward process that consists of the following steps:
Step 1 – Navigate to the INGOT Brokers’ official website
Select “Start Trading” from the homepage to proceed to the application process.
Step 2 – INGOT Online Application
An online application will load, and the trader can provide their First Name, Last Name, email address, country of residence, mobile number, and a user-selected password.
Select the account that you wish to choose, as well as the preferred trading platform. Lastly, traders can read the declaration at the bottom and tick the box to indicate that it is understood and accepted before selecting “Register”.
Step 3 – Access the INGOT Broker Trading Account
Next, traders will be able to use the live account login number provided on the Trader’s dashboard along with their user-selected password. Alternatively, traders can use their chosen platform’s web trader for easy access to their new live account.
INGOT Brokers Demo Account
INGOT Brokers offers traders the option of registering for a demo account. This demo account can be used for any of the following reasons:
| ▶ Practice account for new traders, helping them gain more experience in trading the financial markets. |
| ▶ A practice account for more advanced traders who are developing and testing their own trading strategies. |
| ▶ A risk-free way for traders to explore what INGOT brokers has to offer without fear of losing capital |
INGOT Brokers offers traders the chance to explore either MetaTrader 4 or MetaTrader 5 with the demo account. The features that traders can expect with the demo account will depend on the type of account that the trader registers as a demo as well as the trading platform they use.
| 🌐 INGOT Brokers Demo Account Features: | 100% Risk 🆓 |
| Live Trading Conditions | |
| Metatrader4 & 5 Platform |
INGOT Brokers Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive. Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
| ☪️️ INGOT Brokers Islamic Account | 100 USD (R1 600 ZAR) |
| Sharia law | |
| Swap 🆓 | |
| Transactions are settled immediately |
Rollovers and swaps are nothing new to seasoned forex traders and Muslim traders who wish to trade with INGOT Brokers are given an advantage. INGOT Brokers allow for the Professional Account to be converted into an Islamic Account, ensuring that Muslim traders are true to the Sharia law.
However, when converting the Professional Account to that of an Islamic Account, Muslim traders are subjected to a grace period during which they can keep their positions open at no additional cost. Once this grace period is over, traders are charged with storage fees per lot per night.
| 5 day grace period |
INGOT Brokers Pros and Cons
| ✔ PROS | ❌ CONS |
| Demo Account option offered | Additional storage charges on the Islamic Professional Account |
| Educational resources offered | Daily Market analysis not provided |
| Islamic Account conversion offered | Limited payment methods |
| MetaTrader 4 and MetaTrader 5 supported | Social trading is not supported |
| More than 1 000 tradable financial instruments | US clients are not accepted |
| Range of trading tools | |
| Well-regulated by reputable entities |
INGOT Brokers Customer Reviews
Good customer support
INGOT Brokers gives the best support service so far. I feel very fortunate to be part of a Multilingual broker – Bob
Great account offerings…
Great website with service offerings, good detail on live/trading options.. – Eunice
Affiliate and IB program on the website – Check it out
I enjoy the opportunities to earn an income through IB and White label programs offered by forex brokers – Dominique
Final Thoughts
Overall, INGOT Brokers has a good track record of providing innovative tools and market instruments to traders worldwide. It is well-known for its ultra-fast order execution while delivering competitive spreads and commission. The company’s wide selection of account types is impressive with so many benefits and features to choose from.
As INGOT Brokers is regulated by the Australian Securities and Investment Commission and complies with certain rules and regulations, it is safe to say that this broker would be a great choice for traders of all experience levels and trading styles.
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Min Deposit
USD 100
Regulators
SVG FSA, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Can traders from South Africa open an INGOT Broker trading account?
INGOT Brokers are accessible to traders in South Africa.
Does INGOT Brokers offer leverage?
Yes, INGOT Brokers offers leverage up to a maximum of 1:500.
How many instruments can I trade with INGOT Brokers?
You can trade more than 1 000 financial instruments spread across:
- Commodities
- Stocks
- Indices
- ETFs
- Forex
- Cryptocurrencies
Is INGOT Brokers a recommended forex trading broker for experts and beginners?
Yes, INGOT Brokers is an excellent broker for both beginners and experts.
Do INGOT Brokers have ZAR Accounts?
INGOT Brokers does not offer ZAR accounts.
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