INGOT Brokers Review

Overall, INGOT Brokers is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other regulated brokers, and there are no hidden trading fees. INGOT Brokers is an online CFD and ECN Forex broker which is headquartered in St. Vincent and the Grenadines.

INGOT Brokers at a glance

Overall Rating

• 4.0/5

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OPEN AN ACCOUNT

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 Review Revealed – A Key 22 Point Quick Overview

1. ✅INGOT Brokers at a glance
2. ✅INGOT Brokers Overview
3. ✅INGOT Brokers Safe or Scam
4. INGOT Brokers Sign-up Bonus
5. INGOT Brokers Referral Bonus
6. INGOT Brokers Minimum Deposit
7. INGOT Brokers Account Types
8. INGOT Brokers Account Features
9. How to open an INGOT Brokers trading account – Step by step
10. INGOT Brokers Demo Account
11. INGOT Brokers Islamic Account
12. INGOT Brokers Fees and Spreads
13. INGOT Brokers Deposit fees and deposit methods
14. INGOT Brokers Trading Platforms
15. INGOT Brokers vs Forex.ee vs Finq.com – A Comparison
16. Top Countries by Similar Web – INGOT Brokers
17. INGOT Brokers Current Popularity Trends
18. INGOT Brokers Review Pros and Cons
19. INGOT Brokers Customer Reviews
20. Final Thoughts
21. Disclaimer
22. Frequently Asked Questions

INGOT Brokers Overview

According to research in South Africa, INGOT Brokers (Australia) Pty Ltd is a brokerage firm founded in 2012. INGOT Brokers has offices in Australia, Switzerland, and New Zealand, and offers its services to traders around the world. Unfortunately, it does not offer its services to residents of the United Kingdom, the United States, Japan, China, Europe, or any other country or jurisdiction outside of Australia where it is not allowed.

With its founding, the company started offering forex trading, but it gradually expanded, and today it offers margin forex contracts and CFDs on cryptocurrencies, equities, forex futures, commodities, indices, and Exchange Traded Funds (ETFs).

The company is committed to offering a range of market instruments, excellent customer support, the highest quality of online trading services, and a trading environment that suits the needs of all traders. It conducts business with high standards and is ambitious in providing traders globally with easily available and accessible online trading opportunities. The company believes in a proactive approach, values respect, and maintains its focus on expansion and success.

INGOT Brokers Safe or Scam

INGOT Brokers (Australia) Pty Ltd is an authorized brokerage firm and regulated by the Australian Securities and Investment Commission (ASIC) under number 428015. Funds are fully protected and segregated with tier-1 banking institutions. In the unlikely event of the company not being able to fulfill its financial obligations, customer funds cannot be used for the company’s own use.

INGOT Brokers holds a Professional Indemnity Insurance Policy (PIIP) to protect the funds of customers. As the company is authorized to offer its services and complies with all regulations, especially regarding customer funds, it is safe to trade with this company and is not a scam.

INGOT Brokers Sign-up Bonus

INGOT Brokers does not offer a sign-up bonus. When traders sign-up with INGOT Brokers for the first time and register for a real account, they are not provided with a corresponding bonus. Many brokers offer traders either a deposit or a welcome bonus, providing them with trading credit.

This trading credit gives traders a chance to explore the financial markets and the trading conditions that INGOT Brokers offer before risking or using their own capital. There are also many brokers who offer a no-deposit bonus which means that there is no set deposit rate required and traders can start trading without capital as they are provided with some trading credit.

INGOT Brokers does not offer a no-deposit bonus and traders must therefore pay the 100 USD (1 600 ZAR) minimum deposit before they can start trading.

INGOT Brokers Referral Bonus

INGOT Brokers offers traders the chance to earn rewards for referring friends and family to register a real account. Traders who register for a new account or who already have an existing account can access this bonus from the “Partnerships” tab on the website, or from the option on their Trader’s dashboard.

The purpose of this referral bonus is for traders to create their own passive income by actively referring prospective clients who will become a part of INGOT Brokers. The more active traders are with their referrals, the more they will earn.

Traders must ensure that they read, understand, and accept the terms and conditions relating to the referral bonus before they opt for this bonus. In addition, traders must also note that a demo account (for them or their referral) will not be considered eligible.

INGOT Brokers Minimum Deposit

INGOT Brokers charges a minimum deposit amount of 100 USD. The minimum deposit of 100 USD is equivalent to 1 600 ZAR at the current exchange rate between the US Dollar and the South African rand, at the time of writing.

INGOT Brokers is authorized and regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the Australian Securities and Investment Commission (ASIC) with an Australian Financial Services License (AFSL).

According to the requirements of these regulatory entities, INGOT Brokers must keep client funds in segregated accounts with top-tier banks, separate from the broker account. This ensures that funds are not used towards operational activities but only towards trading.

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

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 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:

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:

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:

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:

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:

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 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.

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 storage fees per lot per night.

INGOT Brokers Fees and Spreads

INGOT Brokers’ spread list starts from 0 pips EUR/USD. The spread list that traders can expect from INGOT Brokers will depend on the financial instrument that they choose and the type of account they use. The spreads that traders can expect are as follows:

The commissions that INGOT charges apply to the Booster Account. While the commissions that INGOT Brokers charges are not the lowest, traders are given the advantage that they receive some cash back depending on the instrument that they trade. These commissions/cash backs are as follows:

INGOT Brokers Deposit fees and deposit methods

INGOT Brokers charges deposit fees on Bitcoin and Ethereum Wallets to the value of 1% of the transaction. The deposit methods that traders can use to pay their minimum deposit amount are as follows:

Traders can use any of the following deposit currencies when they make a deposit into their trading account:

When making a deposit, traders must ensure that the account that they use reflects the name in which they registered their live trading account. This is because INGOT Brokers does not allow third-party payments due to AML procedures and policies.

INGOT Brokers Trading Platforms

When trading with INGOT Brokers, customers can choose between two of the most popular trading platforms in the world.

MetaTrader4 (MT4) Trading Platform

The MetaTrader4 platform is the most widely used platform in the world. It offers different execution methods, is customizable and prices are created during the execution process. 

MetaTrader5 (MT5) Trading Platform

The MetaTrader5 platform is the successor of MetaTrader4, with several added features such as numerous interval charts, more comprehensive price analysis, and superior tools. Features and benefits of MetaTrader5 include:

Expert Advisors

The company offers Expert Advisors (EAs) with the MataTrader4 and 5 platforms. This automated trading software automatically places orders, modifies, and closes orders. It can be programmed to manage all trading aspects or to notify the trader of upcoming opportunities. The company’s EAs are some of the most popular.

INGOT Brokers vs Forex.ee vs Finq.com - A Comparison

Top Countries by Similar Web - INGOT Brokers

INGOT Brokers Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “INGOT Brokers” is entered into Google’s search engine over a given period of time.

INGOT Brokers Review Pros and Cons

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

You might also like: INGOT Brokers Sign Up Bonus

You might also like: INGOT Brokers Demo Account

You might also like: INGOT Brokers Fees and Spreads

You might also like: INGOT Brokers Islamic Account

You might also like: INGOT Brokers Account Types

You might also like: INGOT Brokers Minimum Deposit

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.

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

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

Disclaimer

The information contained in the INGOT Brokers (Australia) Pty Ltd website is of a general nature only and does not take into account your personal circumstances, financial situation, or needs. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all/more than your invested capital.

INGOT Brokers (Australia) Pty Ltd does not accept applications from Non-Australian residents where it is contrary to local law or regulation. The information on INGOT Brokers (Australia) Pty Ltd website does not intend to be used by or distributed to any individuals outside of Australia where such distribution or use would be contrary to local law or regulation. Legal information: INGOT Brokers (Australia) Pty Ltd is an authorized brokerage firm and regulated by the ASIC under number 428015.

Three business names, INGOT Brokers, INGOT Brokers Australia, and INGOT Australia are registered for INGOT Brokers (Australia) Pty Ltd (ABN 87159895431) on the ASIC’s business names register. One of the business names, INGOT Brokers, is also used by other entities. CFDs may not be suitable for all investors, according to research in South Africa.

Frequently Asked Questions

Which trading platforms are supported by INGOT Brokers?

INGOT Brokers supports MetaTrader4 and MetaTrader5 platforms

What is the overall rating for INGOT Brokers out of 10?

INGOT Brokers has an overall rating of 8/10.

Is INGOT Brokers a legit broker?

INGOT Brokers is regulated through the (Financial Services Authority St. Vincent and the Grenadines) SVGFSA license number 1386 LLC 2025

For which type of trader is INGOT Brokers best suited?

INGOT Brokers is best suited for beginner and advanced traders.

How many traders does INGOT Brokers have?

INGOT Brokers host various traders from all over the world.