INGOT Forex Broker Review – Top Forex Trading Platform | TradeForex

Ingot Basics

🏛️ Based in	Seychelles
⚖️ Regulation	FSA
💰 Minimum Deposit	$100 (45600 Naira)
💳 Deposit Options	Crypto, VISA, MasterCard, Bank Wire
💳 Withdrawal Options	Crypto, VISA, MasterCard, Bank Wire
📌Open an account	Start Trading With INGOT

Our Opinion About INGOT

INGOT was first set up in 2006. They are one of the most established forex brokers on the market and have been providing trading services to clients worldwide for many years. They pride themselves on offering award-winning technology, excellent trading conditions, great liquidity, and easy accessibility to the financial markets,

INGOT has some of the best trading accounts in the industry. They offer access to 6 main asset classes trading instruments including forex, shares, indices, cryptos, and commodities. They also offer a wide range of account options. You can choose from 3 different account types – all of which come with tight spreads, low trading costs, and fast trade execution.

When it comes to trading technology, Ingot offers a great selection of trading tools including market news, market alerts, trading calculators, and copytrading tools. They also offer two of the best online trading platforms – MetaTrader4, and MetaTrader5. When it comes to trading support, Ingot provides free learning resources, including video tutorials, and excellent customer service.

Regulation

INGOT Global Ltd is authorized and licensed by Financial Services Authority of Seychelles (FSA), Securities Dealer License number “SD117”. The Seychelles Financial Services Authority is the autonomous regulatory body responsible for licensing and regulating companies. They enforce regulatory and compliance requirements. They also monitor and supervise business conduct in the non-bank financial services.

Client Fund Safety

INGOT takes client fund safety very seriously. They separate client funds from their own company funds and keep them in separate bank accounts. This ensures that INGOT can’t use client funds for company purposes.

Ingot: Legit Or Scam?

INGOT is a legit broker. They have been offering online trading services for many years, and have a large client base in Nigeria. They are registered with a well-known financial institution and have appropriate client fund protection measures in place. In terms of their products, they offer low-cost account options, good trading conditions, and a nice choice of trading instruments. They also have convenient payment methods and fast withdrawals. In our opinion, they are a legit forex broker.

INGOT Trading Assets

INGOT offers trading instruments across 6 asset classes. You can choose from a wide range of popular trading instruments including forex, shares, indices, commodities, ETFs, and cryptocurrencies.

Trading Instruments

• Forex: INGOT has 30+ forex instruments including many major, minor, and exotic currency pairs.
• Share CFDs: INGOT has 200+ share CFDs including Amazon, Apple, eBay, Tesla, and Meta.
• Indices: INGOT has 5+ indices shares including UK, EU, US, and Asian indices.
• Commodities: INGOT has gold, silver, platinum, oil, natural gas, and agricultural products.
• Cryptocurrencies: INGOT has Bitcoin. Ethereum, Litecoin, Bitcoin Cash, and more.

Ingot Account Types

INGOT has three main account types. These are the Popular Account, the ECN Account, and the Prime Account. There is also a demo account and an Islamic swap-free account.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Popular	From 1.0 pips	$100	1:500	$0
ECN	From 0.0 pips	$100	1:500	$7 per lot
Prime	From 0.0 pips	$10,000	1:500	$5 per lot

Popular Account

This is their main trading account. As such, it is a great choice for new traders and less trading capital. It comes with spreads starting from 1.0 pips and zero commission trading. It also comes with high leverage of up to 1:500. The INGOT minimum deposit for this account is $100 and the base currency is USD.

ECN Account

This is their ECN trading account. As such, it is a great choice for intermediate traders with more trading capital. It comes with commission from $7 per lot and zero spread trading. It also comes with high leverage of up to 1:500. The INGOT minimum deposit for this account is $100 and the base currency is USD.

Prime Account

This is their Prime trading account. As such, it is a great choice for experienced traders with more trading capital. It comes with commission from $5 per lot and zero spread trading. It also comes with high leverage of up to 1:500. The INGOT minimum deposit for this account is $10,000 and the base currency is USD.

Demo Account

The INGOT demo account is great for beginners who need more time to learn about the forex market and to improve their forex trading skills. It comes with similar trading conditions to the live accounts – with tight spreads and fast trade execution. There is no minimum deposit as the trading is done with virtual capital.

Islamic Swap-Free Account

INGOT offers Islamic Swap-Free accounts. This enables traders of Islamic faith to trade without swap charges and widening spreads.

Pro Account

INGOT does offer professional trading accounts. They are only available to eligible traders who meet INGOT’s minimum criteria.

PAMM Account

INGOT offers PAMM accounts. This enables inexperienced traders to sign up for a managed account service. Under the PAMM account model, inexperienced traders allow professional traders to manage their accounts in exchange for a small fee.

Ingot Leverage

INGOT offers leverage up to 1:500 on all of its trading accounts. This allows traders to benefit from better conditions and to maximise their trading potential.

Ingot Spreads

INGOT offers tight spreads. The spread available varies depending on which account type you choose. For example, you can get spreads from 1.0 pips on their Popular Account. You can also get zero spread trading on their ECN Account and their Prime Account, if you are happy to pay a small commission.

Ingot Registration – How To Open A Trading Account

As part of our INGOT broker review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. Signing up is easy. To get started, you need to visit their website, complete the form, and choose your preferred login details. Next, you need to take a quick trading test. This is so that they can see how much you know about forex trading, and decide if their services are suitable for you. Lastly, you need to complete the KYC process, submit copies of your documents, and choose your account type.

Ingot Registration – How To Verify A Trading Account

As part of our INGOT broker review, we looked at their account verification process. To open a live trading account you’ll need to send INGOT a proof of ID and a proof of address. This is so that they can confirm your identity and verify your online trading account. The verification process is simple. You can send copies of your National ID card, Passport or Driving License. You can also send copies of a utility bill or a bank statement registered in your name. After they have verified your account, you can add funds and start trading.

Bonuses

INGOT has a great choice of forex bonuses. Their offers usually include welcome bonuses and deposit bonuses. They change their promotions regularly and often add new special offers to their website.

Ingot Payment Methods

As part of our INGOT review, we checked which payment options they offer. As they accept many different deposit methods, funding a trading account can be quite easy. They also provide a good selection of withdrawal options, for fast transactions, and added convenience.

Ingot Deposits

INGOT has a great choice of deposit methods including bank wire, credit card, debit card, and crypto payments. Their crypto deposit options include Bitcoin, Ethereum, and Tether. The deposit time varies depending on which deposit option you choose. For example, INGOT deposits made via debit card are instant, but withdrawals made via bank transfer may take longer. INGOT does charge deposit fees.

Ingot Withdrawals

INGOT has a great choice of withdrawal methods including bank wire, credit card, debit card, and crypto. Their crypto withdrawal options include Bitcoin, Ethereum, and Tether. The withdrawal time varies depending on which deposit option you choose. For example, INGOT withdrawals made via debit card take up to 24 hours, and withdrawals made via bank transfer take up to 5 business days. INGOT charges a 1% withdrawal fee on crypto withdrawals.

Ingot Trading Platforms

INGOT has two of the industry’s best and most powerful online trading platforms. You can choose from MetaTrader4 and MetaTrader5.

MetaTrader4 (MT4) is the world’s leading trading platform for new forex traders. It has a very user-friendly interface and comes with many handy, built-in trading tools. You can use it to trade a wide range of trading instruments including forex, stocks, and indices. The INGOT MT4 trading platform has lots of useful features including, 4 order execution types, 30 technical indicators, and 23 analytical objects.

MetaTrader5 (MT5) is also a popular online trading platform for beginner traders in Nigeria. It has an easy-to-use interface and comes with lots of helpful trading tools. You can use it to trade a good selection of instruments including forex, shares, and crypto. The INGOT MT5 trading platform also has lots of helpful features including 6 order execution types, 38 indicators, and 37 analytical objects.

Trading Tools

• Economic Calendars – Their free economic calendar covers all of the most important economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes tracking news and predicting price movements much easier.

• Trading Calculators – Their trading calculator is a powerful tool that will help you make the best possible decisions before opening positions. You can also set different bid and ask prices and compare the results. They also have a currency converter calculator that will help you manage your trading funds.

• Market Alerts & Blog – Their analysis helps you to understand market trends and to anticipate future price movements. It covers many popular instruments including forex, metals, shares, and indices. As such, it makes implementing strategies and managing trades much simpler.

Education And Research

INGOT offers a wide range of research and education tools. For those in need of help with their strategies, there are video tutorials, educational articles, and a trading blog. For those in need of help with their research, there are also several helpful tools, including market news and alerts.

INGOT Trading Hours

Their trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

INGOT Customer Support

INGOT has an excellent customer service team. You can contact them via phone, email, and live chat. They offer customer support in several languages.

Our Verdict

INGOT is a reliable and trustworthy broker. The company was founded in 2006 and is now a well-known name in the forex industry. They offer easy market access, a nice selection of account types, and excellent customer service. They also provide a safe trading environment and a good level of client fund protection.

INGOT values fair and efficient forex trading. When it comes to their online trading services, they have built their account structure around these values. They have a simple pricing model to ensure that all Nigerian traders can benefit from great trading conditions and low-cost trading fees. They also have a good choice of trading instruments and trading platforms to ensure more traders can get better access to the financial markets.

INGOT also values education and support. When it comes to their trading technology, they offer great platforms and helpful tools. They provide their traders with market news and alerts, enabling them to navigate the markets more easily. They also provide their traders with helpful educational content and trading videos, enabling them to improve their skills and progress their trading careers.

If you’re new to online forex trading and want to know where to start, or if you’re a seasoned Nigerian trader looking for a better platform to work with, check out INGOT today. Either way, you won’t be disappointed.

Ready to start trading? Sign up for an INGOT forex account.

INGOT Broker Review – Similar Brokers

INGOT is a great forex broker. However, if you want to look at all your options, there are also plenty of other good brokers in Nigeria to choose from. Here are some brokers like INGOT.

Looking for more information? Check out some of our other forex broker reviews.