INGOT Brokers’ spread list starts from 0 pips EUR/USD. The spread list that traders can expect from INGOT Brokers will depend on the type of account they use.
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 Fees and Spreads Revealed – A Key 9 Point Quick Overview
- ✅INGOT Brokers at a glance
- ✅INGOT Brokers Overview
- ✅INGOT Brokers Fees and Spreads
- INGOT Brokers Additional Trading Fees
- INGOT Brokers – Broker Fees
- 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 and the Grenadines and Australia. INGOT Brokers has over 15 years of experience in the various financial markets, offering traders from around the world with 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 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:
| 🌐 ECN Account | variable from 0.0 pips |
| 🌐 Professional Account | variable from 1 pip |
| 🌐 Prime Account | variable from 0.0 pips |
| 🌐 Booster Account | variable from 1 pip |
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:
| Forex | cashback of 3 USD (48 ZAR) |
| Spot Metals | cashback of 3 USD (48 ZAR) |
| Future Metals | commission of 10 USD (160 ZAR) and cash back of 2 USD (28 ZAR) |
| Future Indices | commission of 10 USD (160 ZAR) and cash back of 4 USD (64 ZAR) |
| Future Energies | commission of 10 USD (160 ZAR) and cash back of 2 USD (32 ZAR) |
| USD CFDs | cashback of 2 USD (32 ZAR) |
INGOT Brokers Additional Trading Fees
Swap Fees, or Overnight Fees, are charged by brokers when traders keep positions open for longer after the trading day has ended. Whether traders are credited or debited with swaps will depend on whether they hold a short or a long position.
INGOT Brokers offers Muslim traders the option of converting their Professional Account into that of an Islamic Account, exempting them from a swap or overnight fees that can be debited/credited, which is prohibited by the Sharia Law. In addition, traders who use the Islamic Account must note that there are fees charged once the 5-day grace period for the holding of positions has been exceeded.
INGOT Brokers – Broker Fees
INGOT Brokers charges both deposit fees and withdrawal fees on certain payment methods. These methods and their corresponding fees can be viewed below.
Apart from these broker fees, there are no other fees indicated. Traders are, however, urged to verify the existence of any other fees not covered by this review. INGOT Brokers is not a spread betting broker, so spread betting fees will not apply.
INGOT Brokers Pros and Cons
| ✔ PROS | ❌ CONS |
| Competitive and tight spreads | Additional charges on Islamic Accoun |
| Islamic Account option offered | Deposit fees charged |
| Transparent fee schedules | Withdrawal fees charged |
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
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
Does spread betting costs apply to INGOT Brokers?
INGOT is not a spread betting broker, therefore no costs apply
Does INGOT Brokers charge overnight fees?
Yes INGOT Brokers charges for fees held overnight
Will I have to pay any deposit/withdrawal fees with INGOT Brokers?
Deposit/ withdrawal costs may apply with INGOT Brokers.
Does INGOT Brokers offer leverage?
Yes, INGOT Brokers offers leverage up to a maximum of 1:500.
What type of spreads applies to INGOT Brokers?
With INGOT Brokers you can expect variable – spreads from 0.0 pips.
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