Regulated

Comment

Seychelles

2013-01-01

7.48

Website

https://ingotbrokers.com

Rating Index

Software

9.76

Licensed

8.24

Risk Control

Experience

8.3

Institution

8.24

Industry Classification

Unqualified

Trading Platforms

MT4 / MT5

Basic Information

Registered Region

Seychelles
Operation Status

Abnormal
Operating Period

2013-01-01
Deposit Methods

Bank Transfer, Credit Card, Mobile Payments, Cryptocurrencies
Website

https://ingotbrokers.com
Market Type

Foreign exchange
Support Languges

English

Arabic

French
Main Business

FX, commodities, stocks, indices, ETFs, cryptocurrencies
Business Type

Multi-asset broker
Social Media
Contact Details

customerservice@ingot.io

+248 4345580
Type of Accounts

EVO Account, Standard Account
Trading Platforms

MT4 / MT5
Withdraw Methods

Bank Transfer, Credit Card, Neteller, Skrill, amana Prepaid Card
Auto Trading

EA supported, CopyTrade available

Pros and Cons

Pros: Regulated by ASIC; offers a wide range of tradable instruments; low minimum deposit of $10; demo accounts available; supports MT4 & MT5; offers copy trading features; responsive customer support. Cons: Offshore regulation may be seen as a risk; limited account types; concerns about withdrawal issues reported by users.

Company Background

INGOT SC LTD is a multi-asset broker established in 2013 and based in Seychelles. The firm is regulated by both the Seychelles Financial Services Authority (FSA) for offshore operations and the Australian Securities and Investments Commission (ASIC). The broker aims to provide traders with a robust trading environment and diverse range of assets. Over the years, it has built a presence within the financial market, though it faces scrutiny due to its offshore registration.

Fund Security

INGOT SC LTD adheres to regulatory standards that require client funds to be held in segregated accounts, ensuring that funds are protected in case of financial difficulties. The broker is also mandated to follow strict compliance practices set by ASIC, which further enhances the security of investors' capital. Additionally, clients are informed about the potential risks involved in trading, promoting informed decision-making.

Account Opening

The account opening process for INGOT is straightforward. Clients can choose between an EVO account with a minimum deposit of $10 and a Standard account requiring a $100 deposit. The broker supports the opening of demo accounts for practice trading. The verification process typically requires standard identification documents, and clients can expect a user-friendly interface during the onboarding process.

Trading Fees

Trading fees at INGOT depend on the chosen account type. The EVO Account offers spreads starting from 0.7 pips without any commission, while the Standard Account has spreads from 1.2 pips, also commission-free. There are no documented hidden costs associated with trading. However, the specific details on swap rates, if applicable, are limited.

Trading Instruments

INGOT SC LTD provides access to a diverse array of trading instruments, including over 1,000 financial products. Traders can engage in forex trading, commodities, indices, stocks, ETFs, and cryptocurrencies. The broker's platform facilitates trading in major and minor forex pairs, various commodities, and popular equity indices, enhancing trading opportunities for clients.

Trading Technology

The trading technology at INGOT SC LTD is robust, featuring the widely-used MT4 and MT5 platforms, which provide advanced charting tools, multiple order types, and community-based trading features. The platforms enable both novice and experienced traders to leverage technology effectively. Additionally, the integration of mobile apps ensures traders can access their accounts and trade on the go.

Research and Education

While INGOT SC LTD offers various resources, detailed research tools and educational content on trading strategies, market insights, and analytical tools may be limited. Traders may rely more on external sources for comprehensive market analysis and educational resources to enhance their trading experience.

Customer Support

Customer support at INGOT SC LTD is accessible through multiple channels, including phone and email. The support team is known to be responsive, with live chat being another option for immediate assistance. However, user reviews indicate mixed experiences regarding response time during peak trading periods, which may vary.

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Rating Index

INGOT

Regulated

Legal Environment

9.76

License Value

8.24

Risk Management

Investor Protection

8.3

Regulatory Policy

8.24

Software

Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.
Institution

Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.
Licensed

Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.
Risk Control

Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.
Investor Protection

Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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