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ING Broker Review

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ING Review 1

Latest All(1) Exposure(1)
Exposure

The platform co-operated with traders to induce fraud, resulting in account liquidation and serious losses. Now no one can be found.

哈哈哈哈。。
2022-01-19

  

ING 2025 Review: Everything You Need to Know

  Summary: The ING brokerage, a significant player in the financial sector, offers a mixed bag of features for traders and investors. While it boasts a solid reputation and regulatory oversight, it lacks diversity in trading instruments and has received criticism for its customer service and trading conditions.

  Note: Its essential to consider that ING operates under different entities in various regions, which may affect the services and conditions offered. This review synthesizes information from multiple sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 6.0
Customer Service and Support 5.5
Trading Setup (Experience) 6.0
Trustworthiness 7.0
User Experience 6.0

  We evaluate brokers based on user feedback, expert opinions, and factual data from reliable sources.

  

Broker Overview

  Founded in 1997, ING is a well-established international financial corporation headquartered in Amsterdam. It primarily offers banking services alongside limited brokerage functionalities, focusing mainly on stock trading. The platform utilizes a proprietary trading terminal, which is noted for its simplicity but lacks the advanced features found in platforms like MT4 or MT5. ING is regulated by the European Central Bank (ECB), providing a layer of security for its clients.

  

Detailed Analysis

  Regulated Geographic Areas: ING operates across the European Economic Area (EEA), with a strong presence in countries like the Netherlands, Belgium, and Germany. However, it does not offer services in some regions, which may limit access for potential users.

  Deposit/Withdrawal Currencies: Clients can primarily transact in euros (EUR). Unfortunately, ING does not support cryptocurrencies or a wide variety of fiat currencies, which may deter some traders.

  Minimum Deposit: The minimum deposit requirement is notably low, starting from €1, making it accessible for new traders. However, some users have reported that the account opening process can be complex, which may pose a barrier for less experienced investors.

  Bonuses/Promotions: Currently, there are no significant bonuses or promotions offered by ING, which could be a disadvantage compared to other brokers that provide incentives for new accounts.

  Tradable Asset Classes: ING focuses primarily on stocks, bonds, and ETFs, but it notably lacks access to forex trading, which is a significant drawback for many traders looking for diverse market exposure.

  Costs (Spreads, Fees, Commissions): The trading costs at ING are considered average. The typical spread for major pairs like EUR/USD ranges from 0.2 to 0.5 pips. However, users have reported that the fees associated with trading can be higher than competitors, particularly for foreign securities.

  Leverage: The leverage offered by ING is relatively conservative, capped at 1:5, which may not satisfy traders looking for higher risk/reward opportunities.

  Allowed Trading Platforms: ING utilizes its proprietary trading platform, which is user-friendly but lacks the advanced tools and indicators available on platforms like MT4 or MT5. This can limit the capabilities of more experienced traders.

  Restricted Regions: ING does not operate in several regions, including the UK and the US, which may limit its global reach and potential user base.

  Available Customer Service Languages: Customer support is primarily provided in French and Dutch, which may pose challenges for non-French speakers. Users have reported mixed experiences with the responsiveness and helpfulness of the support team.

  

Ratings Revisited

Category Rating (out of 10) Detailed Breakdown
Account Conditions 6.5 Low minimum deposit but complex account setup.
Tools and Resources 6.0 Basic resources available; lacks advanced trading tools.
Customer Service and Support 5.5 Limited language options; mixed reviews on support quality.
Trading Setup (Experience) 6.0 Proprietary platform is user-friendly but lacks depth.
Trustworthiness 7.0 Regulated by ECB, but lacks investor protection schemes.
User Experience 6.0 Generally positive but with notable areas for improvement.

  

Detailed Breakdown

  Account Conditions: Users appreciate the low minimum deposit, which allows for easy entry into the market. However, the account opening process is described as complex, requiring multiple steps that may confuse new traders.

  Tools and Resources: While ING offers basic tools for trading and analysis, the platform lacks advanced features that many traders desire. This could limit the effectiveness of trading strategies for more experienced users.

  Customer Service and Support: Customer support is available primarily in French, which can be a barrier for non-French speaking clients. Reviews indicate a need for improvement in response times and overall service quality.

  Trading Setup (Experience): The proprietary platform is designed for ease of use, making it suitable for beginners. However, it lacks the depth of functionality found in more established platforms, which may frustrate advanced users.

  Trustworthiness: ING is regulated by the ECB, which provides a level of security for clients. However, the absence of an investor protection fund raises concerns about the safety of client funds in case of broker insolvency.

  User Experience: Overall, user experiences vary, with many appreciating the simplicity of the platform, while others express dissatisfaction with customer service and limited trading options.

  In conclusion, the ING brokerage offers a reliable option for those primarily interested in stock trading within a regulated environment. However, its limitations in forex trading, customer service, and advanced trading tools may lead some traders to seek alternatives. The ING review highlights the need for potential users to weigh these factors carefully before committing to the platform.

ING review