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INGOT Forex Broker keeps up-to-date with the latest trading account information, including CENTS, ECN, PRO maximum leverage of 1:400, trading varieties, and more

Rating Index

Pros

Ingot Brokers offers a copy trading service, which allows users to earn passive income by following experienced traders.

The broker is regulated by multiple authorities, including ASIC, providing a level of trust and security for clients.

A variety of payment methods are available for deposits and withdrawals, including cryptocurrencies and e-wallets, with no deposit fees.

Cons

The ECN account type has a limited selection of assets compared to other account types.

With only 30+ currency pairs available, the offering is below the industry average, which may not meet the needs of serious forex traders.

Educational resources and market research provided by Ingot Brokers are less comprehensive than those offered by some competitors.

INGOT broker Accounts

CENTS

Environment

Currency

Maximum Leverage

1:400

SupportedEA

Minimum Deposit

$30

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

ECN

Environment

Currency

Maximum Leverage

1:200

SupportedEA

Minimum Deposit

$100

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

$7 USD

Products

PRO

Environment

Currency

Maximum Leverage

1:400

SupportedEA

Minimum Deposit

$50

Minimum Spread

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

INGOT Brokers Account Type

INGOT Brokers offers a variety of trading accounts to cater to different trading styles and experience levels. The main account types include:

Professional Account

Minimum Deposit: $100
Spreads: From 1 pip
Leverage: Up to 1:500
Commissions: $0
Description: Ideal for novice traders, this account provides access to major financial markets with competitive trading conditions.

ECN Account

Minimum Deposit: $100
Spreads: From 0 pips
Leverage: Up to 1:200
Commissions: $7 per lot
Description: Designed for experienced traders, this account offers lower commissions and tighter spreads for cost-effective trading.

Prime Account

Minimum Deposit: $10,000
Spreads: From 0 pips
Leverage: Up to 1:200
Commissions: $5 per lot
Description: Tailored for high-volume traders seeking advanced features and competitive pricing across various asset classes.

Professional Raw Account

Minimum Deposit: $100
Spreads: Floating
Leverage: Up to 1:200
Commissions: $7
Description: Suitable for sophisticated investors who require tighter spreads and access to a wide range of asset classes.

Islamic Account

Description: Available for traders who follow Sharia law, providing swap-free trading conditions.

INGOT Brokers Account Opening Process

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

Visit the Website: Go to the official INGOT Brokers website.
Click on 'Start Trading': Look for the button to begin the registration process.
Fill in Personal Information: Enter your first name, last name, email address, country of residence, and phone number. Choose a password.
Select Account Type and Currency: Choose the desired account type (e.g., Professional, ECN, Prime) and currency for your trading account.
Review Terms and Conditions: Read through the terms carefully and agree to them.
Submit Application: After filling in all required information, submit your application.
Verification Process: You may need to verify your identity by providing identification documents.
Fund Your Account: Once your account is approved, fund it using one of the available deposit methods (e.g., bank transfer, credit/debit card).
Start Trading: After funding, you can access the trading platform and begin trading.