Ingot Brokers Review 2023

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Ingot Brokers is a regulated brokerage with 1000+ instruments, copy trading, and multiple account options.


  • Demo account
  • MT4 integration
  • Copy trading
  • Low minimum deposit
  • Multiple payment methods
  • Full range of investments
  • Strong regulatory oversight
  • Best Trading Experience APC 2021 - European Global Banking & Finance Awards
  • Most Trusted Forex Brand APAC 2021 - European Global Banking & Finance Awards
  • Most Trusted Forex Broker Asia 2021 - International Investors Awards
  • Best Online Trading Support Middle East 2021 - International Investors Awards
InstrumentsCFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
Demo AccountYes
Min. Deposit$10
Payment Methods
Min. Trade0.01 Lots
MetaTrader 4Yes
MetaTrader 5Yes
Trading CentralNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountYes
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexYes
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingEAs
Social TradingNo
Copy TradingYes
Islamic AccountYes
Account Currencies
  • USD
  • AUD
Inactivity Fee$0
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
  • S&P 500
  • Cocoa
  • Coffee
  • Corn
  • Gold
  • Natural Gas
  • Oil
  • Platinum
  • Silver
  • Soybeans
  • Sugar
  • Wheat
CFD TradingUse leveraged CFDs to speculate on a wide range of underlying assets.
CFD FTSE SpreadFrom 0 pip
CFD GBPUSD SpreadFrom 0 pip
CFD Oil SpreadFrom 0 pip
CFD Stocks SpreadFrom 0 pip
CFD Leverage1:500
Forex TradingIngot Brokers offers raw spreads on major, minor and exotic currency pairs.
Forex GBPUSD SpreadFrom 0 pip
Forex EURUSD SpreadFrom 0 pip
Forex EURGBP SpreadFrom 0 pip
Forex Assets30+
Crypto TradingTrade a long list of crypto tokens against the US Dollar.
Crypto SpreadFrom 0 pip
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • AAVE
  • ADA
  • ATOM
  • AVX
  • BCH
  • BNB
  • BTC
  • DASH
  • DOGE
  • DOT
  • ENJ
  • EOS
  • ETH
  • FTM
  • LNK
  • LTC
  • SNX
  • SOL
  • WAVE
  • XLM
  • XMR
  • XRP
  • XTZ
  • YFI
Risk Warning – Your capital is at risk

Ingot Brokers is a multi-asset forex and CFD brokerage suitable for day traders of all experience levels. Clients can access trading opportunities across eight asset classes on the MT4 and MT5 terminals, or invest via the broker’s proprietary copy trading platform. This review will cover Ingot’s account types, customer service, typical spreads, deposit and withdrawal methods, and more.

Company Details

Ingot Brokers was founded in 2006. The brokerage consists of five global entities:

Ingot offers 1000+ trading instruments across stocks, indices, ETFs, cryptocurrencies, and forex. 24/5 customer support is available and new users can get started in three steps.

Trading Platforms

Ingot two both MetaTrader terminals (MT4 and MT5). Both platforms are available for free download to desktop devices or can be used via major web browsers.

The multi-asset platforms offer advanced trading features to monitor and execute trades daily. Both terminals are suitable for beginners, though MT5 offers more sophisticated features.

MetaTrader 4

The MT4 terminal provides interactive and custom charts, 30 built-in technical indicators, and nine timeframes. The platform also offers four pending order types and three order execution modes.

A major benefit of the MetaTrader brand is the access to automated trading with Expert Advisors (EAs).

Day traders can access forex, stocks, indices, and commodity CFDs on MT4.

Ingot MT4 platform
MetaTrader 4

MetaTrader 5

An all-in-one cutting-edge multi-asset terminal. Day traders can access all instruments with an integrated economic calendar, MQL5 programming language, and one-click trading directly from charts and graphs.

Users also benefit from 21 timeframes, six pending order types, and 38 in-built technical indicators.

Ingot Brokers MT5 trading platform
MetaTrader 5

How To Place A Trade

The process of placing a trade on Ingot’s MT4 and MT5 platforms is similar:

  1. Log in to your client dashboard and open MT4 or MT5 web trader. Alternatively, download the platform to a desktop device
  2. Search for an asset using the drop-down menu (right-hand side) or search bar
  3. Select ‘new order’ or initiate a trade directly from the chart
  4. Select the order type from the dropdown list e.g. pending order or market execution
  5. Enter the position size expressed in standard lots
  6. Decide whether you want to ‘buy’ or ‘sell’
  7. Confirm the order

Ingot Brokers Copy Trading

Ingot also offers a bespoke copy trading terminal, ideal for beginners.

The platform allows users to view the success rates of traders before they copy their trades. The solution can be a good way to earn passive income while diversifying portfolios and learning from seasoned traders.

Ingot Brokers copy trading service

Note, the platform is not available in all jurisdictions.

Assets & Markets:

Ingot Brokers offers 1000+ instruments.

CFDs and futures contracts are available for almost all products.

Ingot Fees

Spreads and fees vary by account type, instrument, and trading entity.

You will be liable for currency conversion fees when depositing, withdrawing, and transferring funds in a currency other than your account denomination. This will be executed by the broker at the current exchange rate.

Swap rates also apply for positions held overnight.

There are no account maintenance fees or inactivity charges.

Ingot Brokers (Australia) Pty Ltd

The Standard, Standard Plus, and Prime accounts all offer commission-free investing with spreads from 1 pip.

The Prime ROW profile offers the tightest, raw spreads from 0.0 pips with a commission of $7 per round lot turn.

Ingot Brokers Global Ltd

Ingot Financial Brokerage Ltd

Ingot RSA (Pty) Ltd

Ingot Africa Ltd

Leverage Review

Ingot Brokers offers leverage up to 1:500.

However, some jurisdictions offer limited leverage due to regulatory restrictions. Retail investors trading under the ASIC-regulated entity, for example, will be subject to a maximum rate of 1:30, introduced in 2021.

Mobile App

Both MetaTrader platforms are available for free download to portable devices including iPhone, iPad, and Android (APK).

The apps integrate seamlessly between desktop and mobile so you can access your full trading history, account management details, and market analysis while on the go. Open and close positions with the click of a button from customizable charts designed with smaller screens in mind. The applications also allow retail traders to create custom watchlists, access historical pricing charts, and set real-time alerts.

Ingot Payment Methods


Ingot accepts various payment methods including bank wire transfers, credit/debit cards, cryptocurrencies, and e-wallets.

The broker does not charge deposit fees, however third-party charges apply for some methods.

All funds are deposited into an e-wallet which acts as the intermediary between the MetaTrader terminal and your chosen payment method.

Note, access to payment methods may vary between countries.

How To Deposit Funds Via Bank Wire Transfer

  1. Log in to the Ingot client portal
  2. Select ‘Funds Management’ via the menu on the left-hand side
  3. Click on ‘Deposit Funds’ then ‘Wire Transfer’
  4. Complete the relevant details in the deposit window
  5. You can review and monitor the transfer status in the ‘Account Transactions’ window


To comply with AML regulations, retail traders must request withdrawals back to the same method as used for deposits and in the same currency. Additionally, you will need to verify your profile before you can request a withdrawal.

A minimum withdrawal of $500 applies for bank wire transfers. Cryptocurrencies have a $25 minimum and Skrill/Neteller has a $10 minimum.

Similar to deposits, there are third-party charges for some withdrawal methods including a 1% charge for Bitcoin and Ethereum.

It can take up to five working days for funds to be received via bank wire transfer. Allow two working days for cryptocurrency and e-wallet fund removals.

How To Withdraw Funds From Ingot Brokers

  1. Log in to the client portal
  2. Click on ‘Funds Management’ in the menu on the left-hand side
  3. Select ‘Withdraw Funds’
  4. Complete the withdrawal details including the payment method and value
  5. Select ‘Request’
  6. The withdrawal will be processed once verified by the Ingot team

Demo Account

Ingot offers demo accounts on the MT4 and MT5 terminals.

There is a 30-day expiry time for MetaTrader 4 practice accounts and a 14-day expiry for MetaTrader 5 accounts. Having said this, the broker allows retail investors to open an unlimited number of practice accounts under the same email address.

Deals & Promotions

Our experts found that Ingot does not usually offer financial incentives or bonus rewards for new or existing clients. This includes welcome deposit bonuses and customer referral rewards.

Regulation & Licensing

The brokerage offers global trading services across five entities:

The group adheres to various regulatory requirements, including providing negative balance protection and segregating client funds in top-tier banks.

Additional Features


Day traders can benefit from some useful tools including an integrated economic calendar, a currency conversion calculator, and a position-based trade calculation tool with bid/ask price inputs.

When logged in to your client dashboard, you can also access a wealth of market analysis features. This includes a stocks heatmap, a market screener, a central bank calendar, and a company earnings calendar.

Ingot stock screener


When we used Ingot, we found the broker offers a relatively decent education hub. Content is made up of videos and articles, suitable for beginners and intermediate investors.

Topics include the psychology of trading, an introduction to commodities, forex charting, and fundamental analysis.

Account Types

Ingot Brokers offers several different accounts, which vary depending on where you’re based. With that said, all entities offer both commission-free trading accounts and tight, raw spread profiles.

Swap-free accounts and multi-account management (MAM) solutions are also available.

Ingot Brokers (Australia) Pty Ltd

Ingot Global Ltd

Ingot Financial Brokerage Ltd

Ingot RSA (Pty) Ltd

Ingot Africa Ltd

How To Open An Account

  1. Visit the broker’s website ( or use the ‘Visit’ link above
  2. Select ‘Start Trading’ or ‘Open A Trading Account’
  3. Complete the registration details
  4. Once you have access to the client portal, select ‘Verification’ and complete all fields
  5. Create a MetaTrader profile by selecting ‘Accounts’ via the menu on the left side
  6. Click on ‘Trading Accounts’ and then ‘Open A Trading Account’
  7. Enter your desired specifications and select ‘Submit’
  8. Once your live account has been reviewed and approved you will receive an email confirmation
  9. Deposit funds and start trading

Account verification is required to deposit funds and start trading. All retail investors are required to pass a client eligibility test to prove they have the skills and basic knowledge to trade.

Account applications are reviewed by the broker’s team within 40 minutes of submission (Monday to Friday).

Benefits Of Ingot Brokers

While using Ingot, our experts highlighted several pros:

Drawbacks Of Ingot Brokers

Our testers also found several disadvantages:

Trading Hours

Ingot’s trading hours are reflective of market opening times. For example, the stock and forex market is open 24 hours a day, from 5 PM (ET) on Sunday to 4 PM (ET) on Friday.

Note, the MT4 and MT5 terminals are set by default to EET/EEST server time and cannot be changed.

Customer Service

Ingot Brokers offers multilingual customer support, available 24/5. This includes telephone, email, live chat, and an online contact form. Contact details vary by the entity:

A detailed FAQ section is also available on the broker’s website. Our experts were impressed with the number of queries and clear guidance and support. You can also find useful links and step-by-step guides.

Security & Safety

Ingot Brokers takes a promising position on fund protection, KYC, AML, and data privacy.

The MetaTrader platforms are also safe, with encrypted data exchanges between servers and client portals. Users can also implement two-factor authentication to protect against unauthorized login attempts.

Ingot Verdict

Ingot Brokers is a decent online brokerage offering a wide range of instruments, a choice of MT4 and MT5 terminals, plus a copy trading solution. Competitive fees and oversight from multiple regulators are also promising signs that Ingot is trustworthy.

Overall, the broker is a good choice for day traders of all experience levels and trading styles.

Accepted Countries

Ingot Brokers accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Ingot Brokers from United States.

Compare Ingot Brokers

Compare Ingot Brokers with similar brokers that accept traders from your location. Among available brokers these are the most similar to Ingot Brokers:

  1. Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

Ingot Brokers Comparison Table

Compare Ingot Brokers With Similar Brokers
Ingot Brokers Kwakol Markets InstaForex IG Group World Forex
Rating 3.8 2.4 4.1 4.4 4
Markets CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $10 $1 $/€1 £250 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.1 lots 0.01 Lots
Bonus 30% – 100% Welcome Bonus 100% Deposit Bonus
Education No No No Yes No
Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4 MT4, MT5
Leverage 1:500 1:1000 1:1000 1:30 1:1000
Payment Methods 11 4 9 6 10
Review Ingot Brokers
Kwakol Markets
IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by Ingot Brokers and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Ingot Brokers Trading Instruments
Ingot Brokers Kwakol Markets InstaForex IG Group World Forex
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes Yes No
Silver Yes Yes Yes Yes Yes
Corn Yes No No No No
Crypto Yes Yes Yes Yes Yes
Futures Yes No Yes Yes No
Options No No No Yes No
ETFs Yes No Yes Yes No
Bonds No No No Yes No
Warrants No No No No No
Spreadbetting No No No Yes No
Volatility Index Yes No No Yes No

Ingot Brokers vs Other Brokers

Compare Ingot Brokers with any other broker by selecting the other broker below.

Ingot Brokers vs


Is Ingot Brokers Legit?

Our review confirms that Ingot is a legitimate brokerage offering a stable and secure trading environment. It is good to see regulatory oversight across all entities, negative balance protection, MetaTrader platforms, copy trading, and responsive customer service.

Is Ingot Brokers Regulated?

Ingot Brokers is regulated by various agencies. The group holds licenses with with the Australian Securities and Investments Commission (ASIC), the South African Financial Sector Conduct Authority (FSCA), and the Jordan Securities Commission (JSC), among others.

Does Ingot Brokers Accept US Clients?

No, none of the five Ingot Brokers subsidiaries accept clients from the USA. Head to our full review for a list of accepted and rejected countries.

What Deposit & Withdrawal Methods Does Ingot Brokers Accept?

Ingot Brokers accepts several deposit and withdrawal methods including bank wire transfers, credit/debit card payments, e-wallets such as Skrill and Neteller, cryptocurrencies, PayPal, and more.

Note, accepted payment methods may vary between entity.

Does Ingot Brokers Allow Scalping?

No – Ingot Brokers does not allow scalping.

Ingot Brokers is a regulated brokerage with 1000+ instruments, copy trading, and multiple account options.