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Rating Index

Pros

Offers a variety of financial instruments, including forex, CFDs, commodities, and indices.
Provides access to popular trading platforms like MetaTrader 4 and MetaTrader 5.
Customer support is rated relatively high, indicating responsiveness to client inquiries.

Cons

Lacks proper regulation, posing potential risks for traders.
No client insurance is provided, which could lead to significant losses in case of broker insolvency.
Overall trust and fairness ratings are low, which may deter potential clients from engaging with the broker.

ENGATE broker Accounts

INGOT Brokers Account Types

INGOT Brokers offers three distinct types of live trading accounts to cater to different trading needs: Professional, ECN, and Prime. Each account type has unique features, minimum deposit requirements, and trading conditions:

  • Professional Account
    • Spreads: Start from 1 pip
    • Leverage: Up to 1:500
    • Minimum Deposit: $100
    • Commission: $0
    • Ideal For: Both new and experienced traders seeking access to major financial markets with competitive conditions.
    • ECN Account
      • Spreads: Start from 0 pips
      • Leverage: Up to 1:200
      • Minimum Deposit: $100
      • Commission: $7
      • Ideal For: Traders looking for competitive commissions and raw spreads, particularly in metals and forex.
      • Prime Account
        • Spreads: Start from 0 pips
        • Leverage: Up to 1:100
        • Minimum Deposit: $25,000
        • Commission: $5
        • Ideal For: High-volume traders who expect advanced features and competitive pricing.

        All account types provide access to a wide range of markets, including currencies, metals, indices, and more. Additionally, INGOT Brokers emphasizes risk management tools, including negative balance protection.

        INGOT Brokers Account Opening Process

        Opening an account with INGOT Brokers is a straightforward process that involves the following steps:

        • Start Registration
          • Visit the INGOT Brokers website and click on the “Start Trading” button to initiate the account registration process.
          • Complete the Registration Form
            • Fill out the online registration form with your personal and financial information. This step is crucial for compliance with regulatory requirements.
            • Submit Required Documents
              • Prepare and submit any necessary documents, such as identification and proof of address, as part of the KYC (Know Your Customer) requirements.
              • Account Verification
                • Once the application is submitted, it will be reviewed by the INGOT Brokers team. Approval typically occurs within 24 hours.
                • Fund Your Account
                  • After approval, you will receive details on how to fund your account. The minimum deposit varies depending on the account type chosen.
                  • Start Trading
                    • Once your account is funded, you can begin trading using the available platforms, such as MetaTrader 4 or MetaTrader 5.

                    For more detailed information, you can refer to the official INGOT Brokers website: INGOT Brokers.

ENGATE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
ENGATE Account