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Ingot Brokers Sign Up Bonus

Ingot Brokers Sign Up Bonus

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

 

No, an Ingot Brokers sign-up bonus is not offered for first-time sign-ups or beginner traders.

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

Below is an in-depth Sign-up-Bonus review regarding this regulated Forex company, which will assist traders to make an informed decision.

 

This is primarily due to restrictions placed on bonuses by the broker’s regulator, the highly reputable Australian Securities, and Investments Commission (ASIC).

ASIC has announced that from 29 March 2022, CFD providers in Australia must adhere to certain CFD product restrictions when they are being offered to retail clients.

ASIC will prohibit providers from giving or offering any inducements. Trading credits and bonus offers will no longer be allowed for retail clients under ASIC-regulated entities.

Brokers cannot induce customers to open or fund a trading account through rewards, as well as give or offer a gift, rebate, or discount trading credit or balances. From March 2022, ASIC will restrict brokers’ promotions to two forms:

  • Gifts and rewards of education or research tools and informational services.
  • Discounted fees and trading costs, i.e., discounts for high-volume traders.

These bonuses are often the best way in which brokers attract new clients in registering for a real account. These bonuses often depend on the amount that traders deposit, keeping into consideration that there is always a minimum amount accepted.

In addition, such bonuses serve as trading credit which can be used in trading activities and the amount is non-withdrawable. However, profits that are made while using the trading credit or bonus can be withdrawn.

Such bonuses often have strict terms and conditions involved and traders are urged to ensure that they understand these before making use of the bonus.

Traders also need to acknowledge that demo accounts are not eligible where such bonuses are concerned.

However, when trading forex and other CFDs, investors are exposing themselves to unpredictable markets and volatile assets.

As an investment activity, CFD trading is considered very high-risk. Over the past few years, the financial authority has been looking into tougher regulation to combat the high percentage of retail traders losing money.

 

Referral Bonus

Referral bonuses allow traders, who have registered a real account, to earn more rewards when they refer a friend or family member to register a real account with a broker.

 

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

 

Under the new ASIC regulations, Ingot Brokers may offer a referral bonus, which it does. In this scheme, traders will earn commissions for every transaction their referred clients make, regardless of the outcome of their trades.

 

Additional broker bonuses, promotions, and rewards

Under the latest ASIC regulations, Ingot Brokers does not provide any form of broker bonus to its loyal customers. This includes trading bonuses, deposit bonuses, no deposit bonuses, and welcome bonuses.

 

Pros and Cons

PROS CONS
Demo account available No bonus available
Well-regulated broker

 

You might also like: Ingot Brokers Minimum Deposit

You might also like: Ingot Brokers Demo Account

You might also like: Ingot Brokers Fees and Spreads

You might also like: Ingot Brokers Account Types

You might also like: Ingot Brokers Islamic Account

 

Final Thoughts

Ingot Brokers is a well-regulated and secure broker operating under the auspices of ASIC. However, this same regulation also restricts the broker from offering bonuses at this stage.

 

FAQ

 

Does Ingot Brokers offer a sign-up bonus?

No. Ingot Brokers does not offer a sign-up bonus.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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