Ingot Brokers 2025 Review: Everything You Need to Know
Ingot Brokers has established itself as a notable player in the forex and CFD trading landscape since its inception in 2006. Overall, user feedback on this broker is mixed, with some traders appreciating its competitive spreads and diverse asset offerings, while others express concerns regarding customer service and withdrawal issues. Key features include access to the popular MetaTrader 4 and 5 platforms, a minimum deposit requirement of $100, and a maximum leverage of up to 1:500.
Note: It is important to consider the different entities operating under Ingot Brokers, as regulatory standards and trading conditions may vary significantly across regions. Our analysis incorporates a variety of sources to ensure a fair and comprehensive evaluation of Ingot Brokers.
Rating Overview
We rate brokers based on user feedback, expert analysis, and overall trading conditions.
Broker Overview
Ingot Brokers is a multi-asset brokerage firm founded in 2006, primarily based in Australia but operating through various entities in regions such as Seychelles, Kenya, and Jordan. This broker offers trading on the widely recognized MetaTrader 4 and 5 platforms, allowing access to a broad range of financial instruments, including forex, CFDs on stocks, commodities, and cryptocurrencies. Ingot Brokers is regulated by the Australian Securities and Investments Commission (ASIC), among other regulatory bodies.
- Regulated Regions: Ingot Brokers operates under multiple licenses, including ASIC (Australia), FSA (Seychelles), and CMA (Kenya). However, some entities may not offer the same level of investor protection.
- Deposit/Withdrawal Currencies: The broker accepts deposits and withdrawals in several currencies, including USD, AUD, and EUR. Cryptocurrency options such as Bitcoin and Ethereum are also available.
- Minimum Deposit: The minimum deposit requirement is $100 for most account types, making it accessible for new traders.
- Bonuses/Promotions: Ingot Brokers does not typically offer bonuses or promotional incentives, focusing instead on transparent trading conditions.
- Tradable Asset Classes: Traders can access over 1,000 instruments, including major and minor forex pairs, cryptocurrencies, commodities, indices, and ETFs.
- Costs (Spreads, Fees, Commissions): Spreads vary by account type, starting from 0 pips for ECN accounts with a commission of $7 per lot. Other account types may have spreads from 1 pip with no commission.
- Leverage: Leverage options vary, with a maximum of 1:500 available for professional accounts, while retail accounts under ASIC regulations are limited to 1:30.
- Allowed Trading Platforms: Ingot Brokers provides access to MetaTrader 4 and MetaTrader 5, which are widely used in the industry for their robust features.
- Restricted Areas: Ingot Brokers does not accept clients from certain jurisdictions, including the United States, due to regulatory restrictions.
- Available Customer Service Languages: Customer support is offered in multiple languages, including English and Arabic, but support is limited to 24/5 availability.
Repeated Rating Overview
Detailed Breakdown
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Account Conditions (7.5/10): Ingot Brokers offers several account types, including ECN, professional, and standard accounts, catering to a wide range of traders. The minimum deposit is relatively low, but the higher commission on some accounts could be a drawback for cost-conscious traders.
Tools and Resources (6.5/10): While Ingot Brokers provides access to educational resources and trading tools like economic calendars and calculators, many users find the educational materials lacking compared to competitors.
Customer Service and Support (5.0/10): Customer service reviews are mixed, with some users praising the helpfulness of support staff while others report slow response times, particularly via email. The absence of 24/7 support may be a limitation for traders in different time zones.
Trading Setup (7.0/10): The trading experience is generally positive, with competitive spreads and a user-friendly interface on the MetaTrader platforms. However, some traders report issues with slippage and execution delays during high volatility.
Trustworthiness (8.0/10): Ingot Brokers is regulated by ASIC, which provides a level of security for traders. However, concerns about withdrawal issues and mixed user reviews may impact the overall perception of trustworthiness.
User Experience (6.0/10): The user experience is generally favorable due to the intuitive design of the trading platforms, but negative experiences related to customer service and withdrawal issues may detract from the overall satisfaction.
In conclusion, Ingot Brokers presents a mixed bag for potential traders. While it offers a decent selection of account types, competitive spreads, and a robust trading platform, concerns about customer service and withdrawal processes should be carefully considered before committing to this broker.
