Ingot Brokers Review – Pros And Cons Of This Forex Broker

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By Theo Madsen

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Ingot Brokers Review

  • Trading Platforms
  • Pricing
  • Assets
  • Education and Research
  • Tools and features


Ingot Brokers is a forex broker run by Ingot Global LTD, which is based in Seychelles, a popular venue for offshore brokers. This broker provides CFD trading on a variety of assets, including currency pairings, cryptocurrencies, equities, and commodities. Ingot Brokers includes a trading platform operated with MetaTrader, multiple trading instruments, and more. Check out our complete Ingot Brokers review to see whether or not this broker is right for you.


  • Low minimum deposit required and attractive pricing
  • Multiple types of live trading account
  • Online trading via the industry-standard MetaTrader
  • Multi-asset offering (including trading CFDs, forex trading, and futures trading)
  • Educational section available
  • Easy to withdraw and deposit funds without fees and via multiple methods
  • Multiple tools for market analysis, fundamental analysis, technical analysis


  • Blog/market news section is outdated
  • Ingot Global Ltd is not regulated

When choosing a broker, reputation and trustworthiness are as important as the quality of the trading conditions, trading platform, and tools. Ingot Brokers is one of the many options available to traders nowadays.

In the Ingot Brokers review below, we will have a look at its features, pricing, and trading environment to help you choose the best service provider for your needs.

About Ingot Brokers

Ingot Brokers is operated by Ingot Global LTD headquartered in Seychelles, a popular destination for offshore brokers as the Financial Services Authority of Seychelles (FSA) has a loose regulatory grip on brokerages.

Ingot Brokers Platform

This broker offers multiple assets, including currency pairs, cryptocurrency, stocks, and commodities, in the form of CFD trading, which are derivatives based on the price of the underlying assets. This means that you can access most of the financial markets in the world with convenience.

In the Ingot Brokers review below, we’ll have a closer look at this broker’s features, pricing, and more.

Ingot Brokers Features

Trading Platforms

Ingot Brokers’ platform is MetaTrader (MT). MT4 and MT5 are the most popular trading platforms among individuals all around the world thanks to their highly customizable trading environment, which improves trading performance. MetaTrader 4 is used primarily to trade forex, while MT5 is a multi-asset platform where you can trade CFDs on other financial instrument types, including indices, ETFs, and stocks.

Both platforms facilitate technical and financial analysis of assets thanks to the numerous time frames, analytical tools, and technical indicators available on each platform. Apart from monitoring trading performance, users can also copy-trade, so beginners can copy master traders’ entire portfolios. There is no need to have an expert strategy when copy-trading since you can review and choose a trader with a high success rate whose trades will be automatically reflected in your account.

You can also use Expert Advisors (EAs), which means that all your trades are automatically placed based on the parameters you set. This saves time and helps you successfully automate the whole process as long as your strategy is very well-defined and you pick your EA carefully.

MetaTrader 5 is a good choice for stock or multi-asset traders thanks to the advanced technical and fundamental indicators, fully customizable interface, advanced charts, and up to six types of orders. Both platforms are available on all devices, including PC, mobile phones, and tablets, either as downloadable software or via your favorite browser. In other words, you can access the world’s financial markets no matter where you are.

Trading Instruments

Ingot Brokers does not offer real assets, but rather derivatives (CFDs) which track the price of underlying assets. Based on the strategy and preferred assets, users should pick either MT4 (for trading forex) or MT5 (for other assets). The main asset choices include:

  • Forex – more than 30 foreign exchange pairs
  • UK, EU, and US stocks
  • Commodities – agriculture, energy, and metals
  • Multiple cryptocurrencies – including Bitcoin, Dash, Polygon, Fantom, or Tezos.
  • Exchange-traded funds (ETFs)
  • Indices – up to 8 indices to choose from

Account Types

Ingot Brokers’ accounts are of different types:

  • Professional – spreads starting from 1 pip, leverage up to 1:500, a minimum deposit of $100, and no commissions
  • ECN account – spreads starting from 0 pips, leverage up to 1:200, a minimum deposit of $100, and a $7 commission
  • Prime – Spreads start from 0 pips, leverage up to 1:100, minimum deposit of $25,000, and $5 commission.
Ingot Brokers Account Types

Professional trading accounts can also be turned into Islamic accounts, which do not charge any swap fees (interest rate). However, people who cannot open a regular account due to religious reasons must cover storage fees instead, which depend on the asset chosen.

For instance, if you hold a position in EURCHF for 5 nights, there are no fees charged. For each night after this initial “grace” period, you need to cover $10 per night per lot.

For professional traders, Ingot Brokers offers MAM Pro, which stands for “Multi Allocation Manager”. This account type suitable for fund managers is compatible with MetaTrader 4 and allows individuals to handle multiple managed accounts at the same time.


Other Trading Tools

While MetaTrader platforms are fully packed with features and tools for any type of analysis, Ingot Brokers also provides additional tools to help traders. One of them is the economic calendar. Traders use economic calendars to plan their trades and monitor events that could impact their portfolios. In general, economic calendars are a must-have tool for day traders, who need to be aware of the scheduled events for the day before the trading session. Additional tools include:

Ingot Brokers Economic Calendar
  • A market news section and a holidays section, so you are aware of the trading schedule
Ingot Brokers Market News
  • Market trends (albeit not frequently updated)
Market Trends
  • Blog section that includes market news and analysis (albeit not frequently updated)
Market News2
  • Educational videos regarding forex, indices, bid-ask, long and short positions, and other topics that help beginners get started quickly
  • Educational articles on key concepts, such as forex charting, pip, and how to calculate your profit and loss
Ingot Brokers Education

Ingot Brokers Pricing

The pricing depends on which Ingot Brokers account type you choose, as detailed above. Spreads start from 0 pips, but you may also need to cover commissions, which are either $5 or $7 per lot, depending on your option. Overall, the pricing offered by Ingot Brokers is affordable and beginner-friendly, especially as the minimum deposit is only $100 for Professional and ECN accounts.

It’s important to understand that the actual spreads depend on many factors, including asset choice and market volatility, so these may differ. Also, when holding overnight positions, traders may need to cover swap fees. These are also variable, but one of the main benefits of this broker is the pricing transparency – Ingot Brokers has a complete list of all of its assets and swaps (for both long and short positions).

Swaps And Rollover List

In terms of payment methods available via Ingot Brokers, there are a few ways to deposit and withdraw without covering additional costs. For example, bank wire transfer is free of charge, along with credit card transfers. Skrill and Neteller have fees of 2% and 3%, respectively. For withdrawals, options are more limited, but the bank transfer is still free of charge. Other fee-free options include Bitcoin and Ethereum.

Ingot Brokers Customer Support

Ingot Brokers’ customer support team is reachable 24/5 via multiple channels, including phone, live chat, and email. This is a great feature as you can access the help you need at any time, although emails can be quite slow. For urgent queries, it’s best to choose one of the other options. The company is also present on multiple social media platforms, including Facebook and Instagram.

How Does Ingot Brokers Compare?

Overall, Ingot Brokers has an attractive offering compared to many other brokers. In terms of trading platforms, Ingot Brokers has an average offering. MetaTrader is provided by most online forex brokers and multi-asset brokers, including Hankotrade, PaxForex, Pepperstone, and FP Markets.

One of the main advantages of this is that once you learn how to use Ingot Brokers’ trading platform, it won’t be difficult to switch brokers since you don’t have to go through the learning curve again, unlike brokers that offer proprietary platforms (such as Monfex).

In terms of pricing, Ingot Brokers has one of the most transparent pricing strategies, which is a great advantage since you are able to be fully aware of all the costs before signing up. Not many brokers provide this benefit – for instance, Monfex has no pricing policy available on its website.

The choice of multiple account types is also another advantage for prospective users. Forex brokers like EagleFX which provide only one type of account are more restrictive. In the case of Ingot Brokers, traders are able to choose the trading account that suits their strategy (for instance, either covering a higher spread or a higher commission).

However, one main drawback is that Ingot Brokers is not a regulated broker. This could increase the risks involved with trading instruments like CFDs, especially if you are a beginner. If this is an important factor for you, you could check out a regulated broker instead, such as Plus500, FP Markets, or Bux Zero.

Who Is Ingot Brokers Best For?

Ingot Brokers may be the right choice for just about any trader. Beginners will find it easy to navigate the learning sections and the full breakdown of many popular trading terms. The minimum deposit of only $100 is accessible to traders on a tight budget, but there are also options for professional traders (such as the Prime trading account and MAM Pro).

As for strategies, Ingot enables traders to execute nearly any type of strategy (including hedging, day trading, and copy-trading), and it’s a multi-asset service provider, so you have full freedom in terms of financial instruments (major currency pairs, cryptocurrency, stocks, and more).

FAQ: Ingot Brokers Review

Is Ingot Brokers Regulated?

Ingot Brokers is an authorized brokerage firm, but the tightness of regulatory oversight depends on the region. For instance, Ingot Global LTD is authorized by the Financial Services Authority of Seychelles (FSA), a location popular among offshore brokers. However, there is also an entity registered in Australia (Ingot Brokers Australia PTY LTD) which is licensed by the ASIC (Australian Securities and Investments Commission), one of the main regulatory watchdogs in the world.

Is Ingot Brokers a good broker for beginners or advanced traders?

Ingot Brokers has a customizable offer for both beginners and advanced traders. There is plenty of information that helps new traders begin their journey, while advanced traders will surely enjoy the customizable interface and abundance of tools and features provided by MetaTrader.

Does Ingot Brokers provide negative balance protection?

On the Ingot Brokers website, it is stated that it offers a risk management tool that prevents clients’ accounts from reaching zero.

Is Ingot Brokers safe?

Overall, Ingot Brokers may be a safe broker, but all investments carry risk. Regardless of what broker you choose, you need to have a well-defined risk management strategy and never invest more than you can afford to lose. There are multiple strategies to limit your potential for losses, such as a maximum of 1% invested capital in a single trade.

Ingot Brokers – Final Verdict

In this Ingot Brokers review, we have discussed its main platforms, trading accounts, tools, and pricing. There are multiple attractive benefits for all types of traders. Still, due diligence is always encouraged, especially as Ingot Global is not a regulated broker (unless you opt for the Australian entity, which is regulated by the Australian Securities and Investments Commission, ASIC). Perhaps one aspect that could be improved is the article sections which are outdated as of this writing.

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Theo Madsen

Theo has been actively trading the forex markets since 2013. Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo's trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders.

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