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Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is INGOT？
INGOT, under INGOT Global Ltd, is a broker based in Seychelles, regulated by two different regulators - FSA and ASIC. The broker supports demo accounts.
Pros & Cons
Pros:
Regulated: Regulations provide a more secure and reliable trading environment as it forces the broker to adhere to regulatory standards.
MT4/5 Both Supported: It offers access to the two leading trading platforms, MetaTrader 4 and MetaTrader 5, which are well-regarded for their robust features and user-friendly interfaces.
Demo Accounts Supported: INGOT provides demo accounts, allowing new traders to practice and develop trading strategies without financial risk.
Abundant Educational Resources: It features a wealth of educational materials, including articles, videos, seminars, webinars, etc.
Low Account Minimum: With an account opening minimum of just $100, Castle Market makes trading accessible to a broader audience, including beginners and those with limited capital.
Cons:Is INGOT Safe？
Regulation
INGOT is regulated by the Australian Securities & Investment Commission (ASIC), whichis an independent Australian government body that acts as the corporate regulator. INGOT holds an ASIC license with the number 428015.
INGOT is also regulated by the Seychelles Financial Services Authority (FSA), theregulator for non-bank financial services in the Seychelles. INGOT is licensed by the FSA under the license number SD117.
Funds Safety
INGOT does not provide extra insurance for its users. In this case, the risks users encounter in investing will not be covered.
Safety Measures
So far, we haven't found any information about the security measures applied for users by INGOT.
What Securities Can You Trade with INGOT？
INGOT offers a certain range of securities. These include:
Agriculture: This includes commodities related to the agricultural sector, such as grains, softs (sugar, cotton, coffee), and other foodstuff.
Energies: Traders can engage with energy commodities like crude oil, natural gas, and possibly biofuel, reflecting the dynamic energy market.
Metals: INGOT provides the opportunity to trade in precious and industrial metals including gold, silver, and platinum, as well as copper and other base metals.
Stocks (US, EU, UK): The platform offers a wide array of stocks from major US, European, and UK markets.
Indices: These are baskets of stocks representing a particular market or sector of the economy.
ETFs (Exchange-Traded Funds): INGOT supports ETF trading, which allows investors to buy into a diversified portfolio of assets. ETFs can track indices, commodities, bonds, or a mixture of asset types.
Currencies: INGOT provides access to the foreign exchange market, where traders can buy and sell different currencies, involving major, minor, and exotic currency pairs.
INGOT Accounts Review
INGOT offers two primary types of trading accounts: Professional and ECN accounts. Both account types require the same minimum deposit requirement, which is as low as $100. Professional accounts enjoy a higher leverage option up to 1:500 and a spread starting from 1 pip, and ECN accounts have a more conservative maximum leverage up to 1:200 and a lower spread starting from 0 pips.
INGOT Platform Review
INGOT provides access to two renowned trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to engage in the global financial markets with ease. MT4 offers 30 technical indicators, 4 types of pending orders, 9 timeframes, and up to 99 charts for technical analysis.
On the other hand, MT5 features an economic calendar, 38 technical indicators, 6 types of pending orders, 21 timeframes, and supports an unlimited number of charts. Both platforms are known for their advanced analysis tools, and compatibility with automated trading systems, and are available across various devices including iOS, Android, desktop, and web traders.
Research & Education
INGOT offers a wide array of educational resources, all for free on its official website. These resources include:
Glossary: A comprehensive collection of brokerage terms and definitions designed to help traders understand the jargon and nomenclature commonly used in the financial markets.
Articles: Written content covering a variety of topics, from basic trading concepts to advanced strategies and market analysis.
Videos: INGOT has a selection of introductory videos that explain numerous brokerage terms and concepts in detail, making complex information more digestible for visual learners.
Seminars and Webinars: These live sessions provide an interactive learning experience, often featuring expert speakers who can offer insights into market trends, trading techniques, and financial analysis.
Customer Support
INGOT provides a certain range of customer support channels. These include:
FAQs: Thisallows clients to find immediate answers to common questions, which can help to solve the frequently met problems in trading.
Live Chat
Contact Form
Physical Address: Unit 3, 2nd Floor, Dekk Complex, Plaisance, Mahe, Seychelles.
Email: info@ingotbrokers.com, customerservice@ingotbrokers.co.
Telephone: 002484345580
Social Media: Facebook, YouTube, LinkedIn, Instagram, and Telegram
Conclusion
As a broker, INGOT has full regulations and both MT4/5 are supported, with a low account minimum required. INGOT provides abundant educational resources and allows demo accounts. Generally, it is not a bad choice compared with those non-regulated brokers.
FAQs
Is INGOT regulated？
Yes, it is regulated by FSA and ASIC.
Does INGOT support MT4/5？
Yes, it supports both.
Can I use a demo account to practice trading？
Yes.
What is the account minimum for INGOT？
The account minimum required is $100.
Is there a commission charged？
Yes. INGOT charges a commission of $7 for ECN accounts trading, but for Professional accounts, it's commission-free.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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