CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ingot Brokers

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Home » Reviews » Ingot Brokers

Ingot Brokers Review

Ingot Brokers provides currency trading services. They provide traders with access to a wide range of products in a number of markets, including currencies, commodities, and stocks. They provide cryptocurrency CFDs to traders interested in cryptocurrencies such as Bitcoin.

Pros

  • Regulated by ASIC
  • Segregates client funds
  • Established in 2004
  • Min. deposit from $1,000

Cons

A minimum deposit of $1,000 is required to create a live account. Ingot Brokers, on the other hand, provides a demo account that you may use to experiment and become acquainted with their platform.

Regulated by ASIC (AFSL #428015), Ingot Brokers keeps all customer funds in a separate bank account with tier-1 institutions. Ingot Brokers has been in business since 2004 .

Before we get into the specifics of Ingot Brokers’ spreads, fees, platforms, and trading tools, you might also want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from them.

Visit INGOT BROKERS

Full disclosure: If you join up with a broker through one of our links, we may get a commission.

What are the spreads and costs at Ingot Brokers?

Ingot Brokers, like most brokers, charges a commission on the spread, which is the difference between the buy and sell price of an asset.

The commissions and spreads shown here are based on the minimal spreads available on Ingot Brokers’ website.

ForexIngot BrokersCity IndexXTB
EUR/USD(Average: 0.7 pips)1 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)2 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)2 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)4 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)5 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)0.7 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)0.4 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)0.4 pips0.5 pips0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, the lowest spread for trading EUR/USD at Ingot Brokers is 1 pips, which is relatively high when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with Ingot Brokers to similar providers.

SEE ALL SPREADS

How much does it cost to trade 1 lot of EUR/USD with Ingot Brokers?

If you purchased one ordinary lot of EUR/USD (100,000 units) at 1.1719 and then sold it the next day at the same price, you would most likely pay $13.2. Here’s a quick rundown of the costs and how they compare to IG and XTB.

Ingot BrokersIGXTB
Spread from:$ 10.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 10.00$ 6.00$ 2.00
$4 less$8 less
VISIT INGOT BROKERSVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

Which markets can you trade with Ingot Brokers?

Ingot Brokers offers approximately 262 trading products, including 34 currency pairs. Below, we’ve evaluated all of the many types of instruments offered by Ingot Brokers, as well as IG and XTB’s instruments for comparison.

FX / CurrenciesIngot BrokersIGXTB
# of forex pairs offered349048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*YesYesYes
Commodity CFDsIngot BrokersIGXTB
# of commodities offered03421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsIngot BrokersIGXTB
# of stocks offered20080001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesNoYesYes
Japanese sharesNoYesYes
SEE INGOT’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit Ingot Brokers

What is the trading experience like at Ingot Brokers?

1) Platforms and apps

Ingot Brokers provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers.

They now provide mobile apps for Android and iOS, making it easy to monitor and execute deals while on the road.

SEE INGOT BROKERS’S PLATFORMS

Still unsure?

Open a practise account and begin learning to trade.

2) Executing Trades

You may perform a minimum trade of 0.01 Lot with Ingot Brokers. This may differ based on the type of account you create. The maximum trading requirements differ according on the trader and the instrument.

Ingot Brokers, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from a bigger volume of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most popular funding methods that Ingot Brokers provides to its traders below.

Trading Features:

  • Allows hedging
  • Low min deposit

Accounts offered:

  • Standard account
  • Demo account
  • Managed account

Funding methods:

  • Skrill
  • Payoneer
  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

English, Arabic, and Chinese are just a few of the languages supported by Ingot Brokers.

4) What you’ll need to open an account with Ingot Brokers

Because Ingot Brokers is ASIC-regulated, every new customer must complete a few simple compliance tests to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:

  • A utility bill or bank statement from the past three months showing your address
  • A scanned colour copy of your passport, driving license or national ID

You’ll also have to respond to a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

Although you’d be capable of accessing their platform, it is essential to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.

To begin the process of creating an account with Ingot Brokers, go to their website.

Ingot Brokers

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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Intermediate

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