Ingot Brokers Review 2024

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Ingot Brokers is #41 in our rankings of CFD brokers.

Ingot Brokers Facts & Figures

Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.

  • Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
  • Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers
  • The low $100 minimum deposit and the option to trade with zero commissions will appeal to newer traders
  • Ingot Brokers holds multiple regulatory licenses, including one from the top-tier regulator, ASIC
  • Multiple free payment methods are available, including bank transfers and crypto payments
  • The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
  • The broker’s educational resources and market research trail most competitors
  • The ECN account offers fewer assets than the other account types
  • 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
Instruments CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
Demo Account Yes
Min. Deposit $10
Mobile Apps iOS & Android
Min. Trade 0.01 Lots
Regulated By ASIC, FSCA, JSC, FSA, CMA
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
DMA Account No
ECN Account Yes
Social Trading No
Copy Trading Yes
Auto Trading Expert Advisors (EAs) on MetaTrader
Islamic Account Yes
  • Coffee
  • Cocoa
  • Sugar
  • Corn
  • Wheat
  • Soybeans
  • Oil
  • Natural Gas
  • Gold
  • Silver
  • Platinum
CFDs Ingot Brokers offers CFD trading on 1000+ instruments including stocks, commodities and cryptocurrencies. The MT4 and MT5 platforms offer comprehensive features for active CFD traders, including multiple order types and pre-integrated technical tools.
Leverage 1:500
FTSE Spread From 0 pip
GBPUSD Spread From 0 pip
Oil Spread From 0 pip
Stocks Spread From 0 pip
Forex Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with raw spreads on the MT5 platform. There are also no restrictions on short-term trading strategies, including hedging, scalping and the use of Expert Advisors (EAs).
GBPUSD Spread From 0 pip
EURUSD Spread From 0 pip
GBPEUR Spread From 0 pip
Assets 30+
Stocks You can trade a decent range of CFD shares from US, UK and EU markets, as well as 40+ ETFs and a variety of indices. US stocks are commission-free and you can get started with just a $100 minimum deposit. That said, it’s disappointing that there’s no stock market analysis on offer.
Cryptocurrency You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees.
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DOT
  • EOS
  • LNK
  • DOGE
  • ADA
  • XLM
  • ATOM
  • AAVE
  • AVX
  • BNB
  • DASH
  • ENJ
  • FTM
  • SNX
  • WAVE
  • XMR
  • XTZ
  • YFI
  • SOL
Spreads From 0 pip
Crypto Lending No
Crypto Mining No
Crypto Staking No
Auto Market Maker No
Risk Warning – Your Capital is at risk

Ingot Brokers is a CFD and forex trading brokerage headquartered in Amman, Jordan. The brand operates globally with its subsidiary, Ingot Global, accepting UK clients. This 2024 review will lift the lid on the broker’s offering, from minimum deposits and accepted payment methods to leverage, account types and customer service. Find out what our expert team thought of Ingot Brokers.

Ingot Brokers offers trading in eight asset classes with 24/5 customer support and copy trading. The brokerage is not regulated by the UK’s FCA but it is registered with multiple regulators in the Asia-Pacific region, including the ASIC. On the downside, GBP is not a supported base currency and deposit options for UK traders are limited.

Company History & Overview

Ingot Brokers was founded in 2006 and operates globally through multiple entities, including Ingot Brokers Australia (PTY) Ltd, Ingot Global, and Ingot Africa. The company also has a large presence in Asia through Ingot Financial Brokerage Limited.

The multi-regulated brokerage offers a full range of instruments with user-friendly trading tools, insights into market trends and alerts, plus various account options including a MAM Pro solution.

The trading brand has also partnered with Brazilian footballer, Thiago Silva and French player, Raphael Varane as part of its recent marketing campaign encouraging clients to ‘trade with the champions!’

Markets & Instruments

Ingot Brokers offers online trading on a good selection of global markets, including UK equities and the VIX. Supported instruments include:

  • Metals – Gold, Silver, Copper and Platinum, available as both futures and spot
  • Energies – Brent Oil, Crude Oil, and Natural Gas, available as both futures and spot
  • Agriculture – Three soft commodities (coffee, cocoa, sugar), four grain commodities (corn, wheat, soymeal, soybean)
  • ETFs – A strong selection of ETFs from big names such as iShares, Vanguard, and Invesco
  • Indices – Eight indices, including FTSE 100, Dow Jones 30, S&P 500, NASDAQ, DAX 40 and VIX
  • Forex – Most major currency pairs, plus some minors, including AUD/CHF, CAD/JPY, and AUD/NZD
  • Cryptocurrencies – The top coins, such as Bitcoin, Ethereum, Ripple, and Cardano, plus a good range of lesser-known cryptos
  • Stocks – A wide selection of US, European and UK stocks and shares, including Tesla, Netflix, Apple, Rolls-Royce, Sainsburys, and other household names


While using Ingot Brokers, our experts found that leverage varies by account. On the Standard, Standard Plus and Prime accounts, UK traders can access up to 1:30 leverage. This level can be adjusted in your Ingot Brokers portal.

Professional accounts benefit from much higher leverage up to 1:500. It is not clear what thresholds a trader must meet to qualify for the professional account, but often with these accounts, you forego many of the standard protectionist measures, such as negative balance protection. Therefore, we would advise caution when opening a professional account unless you have demonstrable experience in the field.

Ingot Brokers Platforms

Ingot Brokers provides the reliable MetaTrader 4 (MT4) and Meta Trader 5 (MT5) platforms. These are available for desktop, iOS and Android download, plus as a web trader.

MetaTrader 4 is a tried and trusted platform for forex traders. But increasingly, as traders are looking to diversify their portfolios – and brokers are offering a wider range of assets – it’s falling behind the curve. MetaTrader 5 is superseding MT4, not only for its wider range of charting capabilities but because it facilitates multi-asset trading.

MetaTrader 4

  • Forex trading
  • 2 market orders
  • 4 pending order types
  • 2 stop orders plus a trailing stop
  • 9 timeframes
  • 23 analytical objects
  • 30 technical indicators

MetaTrader 5

  • Multi-asset platform
  • Advanced charting tools
  • 21 timeframes
  • 6 pending order types
  • One-click trading
  • 80 technical indicators

How To Use The Platform

  1. Open an account with Ingot Brokers
  2. Select which MetaTrader platform you would like to use
  3. To get started quickly, open the web trader platform, or for the full suite of features, download the desktop version
  4. Once you are on the platform, enter your login details and select the IngotBrokers-Server
  5. Use the Market Watch window to zero in on a particular asset, such as EUR/GBP
  6. Enable one-click trading to open positions directly from the chart
  7. Use the ‘New Order’ icon (white page) to enter full trade details, including order type, volume in lots, plus any risk management parameters
  8. Click ‘Buy’ or ‘Sell’ to confirm the trade
Ingot Brokers MetaTrader 5

MetaTrader 5

Fees & Charges

Ingot Brokers does not charge a commission on most account types. Instead, there are variable spreads on each trade. Spreads start from 1 pip on the Standard, Standard Plus and Prime accounts. Prime Raw accounts are subject to a $7 commission on trades but benefit from spreads starting at 0.0.

There are other charges to be aware of on Ingot Brokers, in particular, rollover fees will be applied to any CFD positions held outside of trading times (overnight or during weekends). These fees are standard for CFD positions with most brokers.

Overall, the trading fees are competitive, especially compared to other starter accounts. The Prime Raw profile is the best option for active investors and intraday traders looking to keep costs down.

Payment Methods


Ingot Brokers offers a solid selection of deposit methods, including cryptocurrencies. However, options are limited for UK traders as debit card deposits are not possible in GBP. This is disappointing to see as the alternative payment option, wire transfer, has a higher minimum deposit, increasing the barrier to entry.

Additionally, whilst you can deposit in GBP, wallet currencies are USD, AUD and EUR only.

Wire Transfer

  • GBP deposits available
  • Minimum deposit of $100 or GBP equivalent
  • No maximum deposit
  • Processing time is instant upon Ingot Brokers receiving the payment

Apple Pay

  • $10 or equivalent minimum
  • Not possible to deposit in GBP, must be USD, JOD, or ZAR
  • Instant processing

Credit/Debit Card

  • $10 or equivalent minimum
  • Not possible to deposit in GBP, must be USD, JOD, or ZAR
  • Instant processing


  • Bitcoin, Ethereum and Tether deposits are available
  • $50 or equivalent minimum for BTC and ETH
  • $10 minimum for USDT
  • No fees on any currency
  • Instant deposits for ETH and USDT
  • BTC deposit time is 30 minutes


Similar to deposits, the Ingot Brokers’ withdrawal methods are more suited to traders operating from Africa or America. UK traders will be disappointed to find that the only GBP method available, wire transfer, has a steep charge attached to withdrawals below $500.

There also aren’t any other options available unless you are happy to withdraw in crypto as credit/debit card and Apple Pay withdrawals are not possible.

Wire Transfer

  • Available to withdraw in GBP
  • Minimum $100 withdrawal
  • No fees, however a charge of 25 USD applies to withdrawals lower than 500 USD or equivalent
  • 1 – 5 business days processing time


  • 1 – 12 hour processing time
  • $25 minimum withdrawal
  • 1% fee


  • A withdrawal method designed for making payments within Africa
  • Accepts a selection of African currencies and USD. Not suitable for GBP withdrawals

Account Types

Ingot Brokers has six different account types with different features. They mostly vary by the asset class available and the stop out level, making them suitable for different strategies, such as scalping.


  • Spreads from 1 pip
  • $100 minimum deposit
  • No commission
  • Only forex and energy assets available
  • 0.01 minimum lot
  • 1:30 leverage
  • Negative balance protection
  • Hedging is permitted
  • EAs are not permitted
  • Stop out level 100%
  • This is not a swap-free account

Standard Plus

  • Spreads from 1 pip
  • No commission
  • $100 minimum deposit
  • Most stocks, forex, and commodities available for trading
  • 0.01 minimum lot
  • 1:30 leverage
  • Negative balance protection
  • Hedging is permitted
  • EAs are permitted
  • Stop out level 75%
  • This is not a swap-free account


  • Spreads from 1 pip
  • No commission
  • $100 minimum deposit
  • All assets including crypto, indices, ETFs, commodities, forex, stocks
  • 0.01 minimum lot
  • 1:30 leverage
  • Negative balance protection
  • Hedging is permitted
  • EAs are not permitted
  • Stop out level 50%
  • This is not a swap-free account

Prime Raw

  • Similar features to the Prime account but with 0 spreads on some trades
  • Trading on forex, crypto, indices, energies, spot metals
  • Stop out level of 50%
  • Commission of $7 is charged on RAW accounts


  • Spreads are floating
  • All asset classes available including cryptos, indices, ETFs, forex, stocks
  • Leverage of 1:500
  • Stop out at 25%
  • Swap-free
  • No negative balance protection
  • Minimum deposit of $100

Professional Raw

  • Spreads are floating
  • All asset classes available including cryptos, indices, ETFs, forex, stocks
  • Leverage of 1:200
  • Stop out at 25%
  • Swap-free
  • No negative balance protection
  • Minimum deposit of $100
  • Commission of $7 is charged on RAW accounts

How To Register For A Real Account

  1. Click on the ‘Visit’ button at the top or bottom of this Ingot Brokers Review
  2. Fill in your details and select your wallet currency from USD, AUD or EUR. You can change this at any time through your Ingot Brokers dashboard (note UK traders may have to pay a currency conversion fee)
  3. Now that you have set up an account, verify your profile by adding a few more details such as your date of birth and the source of your income
  4. Upload ID documents using the ID-wise portal to verify your identity
  5. Add funds to your Ingot Brokers trading account
  6. Visit MetaTrader and login using the IngotBrokers-Server to get trading

How to open an Ingot Brokers account

How To Open A Demo Account

  1. Create an Ingot Brokers login the same as you would for a real account
  2. Navigate to the ‘Accounts’ section using the left-hand sidebar
  3. Click ‘+ Open a Demo Account’

Bonuses & Promos

Ingot Brokers does not provide any promotions or bonuses for joining. While this may disappoint some new traders, this is standard practice now for brokers who are regulated by legitimate regulatory authorities.

There is, however, a referral programme where you can earn money by referring friends to the platform. You will receive a commission on whatever money they spend on the platform, and there are no limits on how much you can earn. However, there are no specifics on what percentage commission is made and if there are any thresholds to be met.

UK Regulation

Ingot Brokers is regulated by the Financial Services Authority of Seychelles (FSA), Securities Dealer License number SD117. It is worth highlighting that this is not a highly-regarded regulator with fairly lax joining requirements for new members. Other entities within the global brokerage group are registered with trusted financial authorities, including the Australian Securities & Investments Commission (ASIC).

Importantly, Ingot Brokers is not licensed by the UK’s Financial Conduct Authority (FCA). Whilst many of the major protections that the FCA mandates are provided by Ingot Brokers (such as negative balance protection, limited leverage on non-professional accounts, and segregated client funds), those trading with a non-UK regulated broker do so at their own risk.

Extra Tools & Features

Ingot Brokers is fairly well-equipped with extra features. Most notable are its MAM Pro Tools and CopyTrader functions.


The Ingot Brokers MAM Pro Tool is designed for money managers to allocate trades by equity, balance, lot, and a range of other cash-based rules for sub-accounts that follow you.

It is designed to work with MT4 and allows MAMs to adjust the risk factor for each sub-account to allow for different trading strategies. Plus, the ‘High Water Mark’ functionality means money managers can charge a fee for their services.

Copy Trader

On the Ingot Brokers portal, you will find a copy trading section that allows you to view other traders’ performances. From here you can select one to copy, meaning you can mirror whatever trades they make.

This can be a good option for busy traders or beginners who are looking to learn from others. However, it is not a route to guaranteed profit so assess your money management strategy before investing and ensure you stick to it.

Ingot Brokers copy trading review

Copy Trader Leaderboard


Ingot Brokers also provides strong educational resources, with videos and tutorials to teach the basics of online trading. This is useful for beginners who need to get up-to-speed with some of the lingo. Plus, on the portal itself, there are platform tutorials for some of the most frequently asked questions. There are also basic trading calculators and currency converters, as well as a stocks heatmap and screener.

The Ingot Brokers market analysis is less impressive. While there has been an attempt to provide news updates in the past, there have not been any recent publications, making it an unreliable source of knowledge.

Customer Service

The Ingot Brokers customer service team is available 24 hours a day on weekdays only, when the markets are open. There is also a live chat function where you can receive instant support when needed.

When we used Ingot Brokers, we found customer service agents helpful and knowledgeable about the tools and products.

  • For general enquiries:
  • For help and issues:
  • Alternatively, call their hotline on 002484345580

Client Security

Ingot Brokers reassures clients that it keeps funds segregated to protect their wealth in the event of broker liquidation. This is an important security measure that is required of all regulated brokers and a positive indication of a secure broker.

Should You Trade With Ingot Brokers?

Ingot Brokers has many strong attributes, such as low spreads, links with MT4 and MT5, and a wide selection of assets. It also adheres to most of the recommended measures to protect traders, such as negative balance protection and segregated client funds.

However, the service is more suited to traders in Africa and the US due to its deposit and withdrawal policies that don’t support GBP in most instances. Plus, as a firm that is not regulated in the UK, investors do not benefit from the peace of mind they would with an FCA-regulated broker.


Is Ingot Brokers Legit Or A Scam?

Ingot Brokers is a legitimate financial service brokerage offering fair and transparent trading opportunities. It is regulated by the Financial Services Authority of Seychelles (FSA), along with oversight from other trusted financial agencies, including the Australian Securities & Investments Commission (ASIC).

Is Ingot Brokers Good For Stock Investing?

Ingot Brokers offers CFDs on a good selection of stocks from the UK, EU and US. Some of the best British household names, such as J Sainsburys, BAE systems and Taylor Wimpey, are available. However, rollover fees are charged on overnight positions, so the broker is more suited to day trading than long-term investing.

Is Ingot Brokers Regulated In The UK?

Ingot Brokers is regulated by the Financial Services Authority of Seychelles (FSA). However, brokers operating in the UK and offering services to UK traders should be regulated by the Financial Conduct Authority (FCA), which Ingot Brokers is not.

Where Is Ingot Brokers Based?

Ingot Brokers is headquartered in Amman, Jordan. It is well-equipped for Asian and African traders but falls short on withdrawal methods for GBP-centred traders. We hope to see more from Ingot Brokers in the future to support UK traders and investors.

Compare Ingot Brokers with Other Brokers

These brokers are the most similar to Ingot Brokers:

  1. IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
  2. Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
  3. AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

Ingot Brokers Feature Comparison

Ingot Brokers Compared With Similar Brokers
Ingot Brokers IC Markets Pepperstone AvaTrade
Rating 3.8 4.8 4.8 4.9
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities
Minimum Deposit $10 $200 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Bonus - - - -
Education No Yes Yes Yes
Platforms MT4, MT5 MT4, MT5, cTrader MT4, MT5, cTrader MT4, MT5
Leverage 1:500 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:30 (Retail), 1:500 (Pro) 1:30 (Retail) 1:400 (Pro)
Review Ingot Brokers
IC Markets

Trading Instruments Comparison

Comparison of Ingot Brokers Trading Instruments
Ingot Brokers IC Markets Pepperstone AvaTrade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto Yes Yes Yes No
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes Yes
Silver Yes Yes Yes Yes
Corn Yes Yes Yes Yes
Futures Yes Yes No Yes
Options No No No Yes
ETFs Yes Yes Yes Yes
Bonds No Yes No Yes
Warrants No No No No
Spreadbetting No No Yes Yes
Volatility Index Yes Yes Yes Yes

Ingot Brokers vs Other Brokers

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


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Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.