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Ingot Brokers Account Types

Ingot Brokers Account Types

 

Overall Rating

4.9/5

Rated #439 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

JSC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Ingot Brokers provides three different account types e.g., ECN, Professional, and Prime Accounts. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

 

Finding a reputable list about Ingot Brokers account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Ingot Brokers Overview

Founded in 2006, Ingot Brokers is a premium multi-asset brokerage firm aimed at making financial markets easily available and accessible to traders of all kinds.

With professionalism and transparency as the broker’s driving forces, Ingot Brokers has fostered and sustained a world-class trading environment with the highest quality of online trading services.

As a fully regulated broker, the broker adheres to strict regulatory requirements. As such, its service is typically characterized by its highest level of transparency, security, and compliance.

With more than a thousand financial instruments available to trade across forex, indices, commodities, shares, traders can build a diverse, well-balanced investment portfolio.

INGOT has over a decade of experience, providing a trustworthy and reliable service to traders across the globe. Clients can be confident of expert and professional customer service

To this end, the broker protects its clients from a negative account balance, a risk management tool that ensures the account balance will never go below zero.

The broker also provides trading on the highly popular MetaTrader 4 and MetaTrader 5 trading platforms.

Millions of traders choose MetaTrader 4 to trade the markets, thanks to its innovative technology. Traders benefit from a wide variety of inbuilt analytical tools, flexible trading systems, and Expert Advisors.

MetaTrader 5 is the #1 multi-asset platform, featuring advanced technical analysis, fundamental analysis, flexible trading systems, and compatibility with automated trading software (Expert Advisors).

The platform offers advanced charting and trading tools, as well as additional timeframes and services, including 21 timeframes, 6 types of pending orders, and one-click trading.

 

Ingot Brokers Account Types

Ingot Brokers provides traders with three tailored account types, consisting of the ECN, Professional, and Prime Accounts. Trading is facilitated on the highly popular MetaTrader 4 and MetaTrader 5 trading platforms.

 

Ingot Brokers Account Features

 

ECN Account

  • With a minimum opening deposit of just USD 100, this account is a low-cost trading solution that is suitable for all types of traders.
  • Minimum Deposit: $100
  • Spreads style: starts from 0
  • Available products: Spot Metals, Spot Energies, Spot Indices, Crypto CFDs, and Spot Forex
  • Leverage: Up to 1:200

 

Professional Account

  • The Professional Account type from INGOT Brokers is a great gateway to the world’s largest financial markets and comes with the best trading conditions in the industry.
  • Minimum Deposit: $100
  • Spreads style: starts from 1
  • Available products: Spot Metals, Spot Energies, Spot Indices, US CFDs, Crypto CFDs, Future Energies, Future Indices, Spot Forex
  • Leverage: Up to 1:500

 

Prime Account

  • The Prime Account type from INGOT Brokers is designed for high-volume traders who expect advanced features and competitive pricing.
  • Minimum Deposit: $25 000
  • Spreads style: starts from 0
  • Available products: Spot Metals, Spot Energies, Spot Indices, US & UK CFDs, Future Energies, Future Indices, Future Metals, Agricultural Commodities Futures, Crypto CFDs, Spot Forex
  • Leverage: Up to 1:100

 

Overall Rating

4.9/5

Rated #439 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

JSC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Ingot Brokers Demo Account

The demo account from Ingot Brokers comes funded with up to $500 000 in virtual currency and provides full training access to the MT4 or MT5 trading platform. As such, the demo account will provide the following features:

  • Traders can analyze financial markets, perform advanced trading operations, run trading robots (Expert Advisors) and copy deals of other traders.
  • Three trade execution modes, including Instant Execution, as well as 2 market, 4 pending and 2 stop orders, and a trailing stop function.
  • Quick trading functions allow sending trading orders straight from the chart with one click.
  • The built-in tick chart feature provides an accurate method for determining entry and exit points.
  • 9 timeframes, allowing traders to see the price dynamics in detail
  • 30 built-in technical indicators and 24 graphic objects are available for the most comprehensive analysis of price dynamics

 

Ingot Brokers Islamic Account

Opening an Islamic, or swap-free account with Ingot Brokers will involve contacting the broker’s customer support team to initiate the application process, which will involve providing proof of your Islamic status.

The option of Islamic trading accounts is available only to clients who by reason of their religious beliefs are incapable of using ‘swaps’.

Hence in all cases where a client submits an Islamic account request to Ingot Brokers, the company reserves the right to require a proper justification for and proof of the importance or need of any such conversion.

Ingot Broker Limited reserves its right to reject the handling of any such request for whatever reason, at its own discretion, without being obliged to provide any clarification or justification.

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Ingot Brokers Pros and Cons

✔️PROS ❌CONS
Competitive commissions Deposit and withdrawal fees
MetaTrader suite available
Tight spreads
Well-regulated broker

 

You might also like: Ingot Brokers Minimum Deposit

You might also like: Ingot Brokers Demo Account

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You might also like: Ingot Brokers Sign up Bonus

You might also like: Ingot Brokers Islamic Account

 

Ingot Brokers at a Glance

Broker’s Name Ingot Brokers
Headquartered Sydney, Australia
Year Founded 2006
Regulating Authorities CySEC
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts Yes
Maximum Leverage 1:500
Minimum Deposit $100
Deposit Options
Withdrawal Options
  • Wire transfer
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • Visa/Mastercard
Platform Types MetaTrader 4 and MetaTrader 5
OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

Tradable Assets Forex, shares, indices, ETFs, and Commodities
Languages supported on Website English, Arabic, Spanish
Customer Support Languages English, Arabic, Spanish
Customer Service Hours 24/5

 

FAQ

 

Trading Environment

 

How many instruments can I trade with Ingot Brokers?

Ingot Brokers offers a wide range of assets, which include the following:

  • Commodities
  • Stocks
  • Indices
  • ETFs
  • Forex
  • Cryptocurrencies
  • Swaps

 

Which platforms are supported by Ingot Brokers?

MetaTrader 4 and MetaTrader 5.

 

Does Ingot Brokers offer leverage?

Yes, Ingot Brokers offers different leverage levels depending on the chosen account. As such, the leverage is structured as follows:

  • Prime Account: up to 1:200
  • Professional Account: up to 1:500
  • Prime Account: up to 1:100

 

What spreads can I expect with Ingot Brokers?

The Ingot Brokers spread list is as follows:

Ingot Brokers offers fixed, tight spreads complemented by competitive commissions. As such, spreads on the ECN and Prime Accounts start as low as 0 pips and begin at 1 pip on the Prime Account.

 

Does Ingot Brokers charge commission?

Yes, the commission structure for each account is as follows:

  • ECN Account: commission from $7
  • Professional Account: 0$
  • Prime Account: commission from $5

 

Are there additional charges on the Islamic account?

No.

 

Is Ingot Brokers regulated?

Yes, Ingot Brokers is regulated by the Australian Securities and Investment Commission (ASIC). ASIC is Australia’s integrated corporate, markets, financial services, and consumer credit regulator.

The role under the ASIC Act is to:

  • Maintain, facilitate, and improve the performance of the financial system and entities in it
  • Promote confident and informed participation by investors and consumers in the financial system
  • Administer the law effectively and with minimal procedural requirements

 

Is Ingot Brokers a recommended forex trading broker for experts and beginners?

Yes, Ingot Brokers provides a great trading environment tailored to both beginner and advanced or professional traders.

 

What is the overall rating out of 10 for Ingot Brokers?

8/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Ingot Brokers offer a demo account?

Yes, Ingot Brokers offers a free demo account to all new traders.

 

For how long is the demo account valid?

The demo account expires after 14 days.

 

Does Ingot Brokers offer the option of an Islamic Account?

Yes.

 

Which live trading accounts does Ingot Brokers offer?

Ingot Brokers offers three live trading account types, namely the ECN, Professional, or Prime Accounts.

 

What are the available deposit currencies for a live trading account?

Ingot Brokers accepts USD, EUR, and AUD only. This limited selection means that traders depositing in smaller currencies will likely incur conversion fees.

 

Deposits and Withdrawals

 

What is the minimum deposit for Ingot Brokers?

The minimum deposit amount required to open a broker account with Ingot Brokers is $100. This is a low minimum deposit when compared to many other brokers in the industry and should be affordable to most traders.

The broker’s prime account comes with a significantly high minimum deposit of $25 000, which is meant to guarantee professional or advanced traders special trading features and an enhanced trading environment.

 

How do I make a deposit and withdrawal with Ingot Brokers?

Deposits with Ingot Brokers can be made using the following popular methods:

  • Wire transfer
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • Visa/Mastercard

 

Does Ingot Brokers charge withdrawal fees?

Yes, the broker does charge both deposit and withdrawal fees depending on the payment method, and which include the following:

  • Skrill – 4% (deposits)
  • Neteller – 3% (deposits)
  • Bitcoin – 1% (withdrawals)
  • Ethereum – 1% (withdrawals)

 

How long does it take to make a withdrawal?

Typically, bank withdrawals can take between 3 to 5 business days, while e-payments can take around 10 minutes.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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