INGOT Brokers review and ratings

Established 2006
Location Australia Seychelles
Regulation ASIC, SFSA
Offices Sydney, Mahe, Bahrain, Jordan
Broker type STP | ECN
Leverage up to 1:500
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods Wire Transfer Credit Cards PayPal Bitcoin Ethereum Tether POLi

Company information

INGOT Brokers group includes 2 related companies.

INGOT Brokers AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
INGOT Brokers SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, SEY company is free from such restrictions.


INGOT Brokers group accepts clients from all over the world, excluding USA (since 2021) and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency Pairs Based on major and minor world currencies.
9 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Polkadot, EOS, Chainlink, Ethereum, Litecoin, Ripple.
8 Indice Cash CFDs Based on baskets of different blue-chip stocks.
9 Indice Futures Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
2 Metal Spot CFDs Based on Gold and Silver.
4 Metal Futures Based on Gold, Silver, Platinum and Copper.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
6 Soft Futures Based on Cocoa, Coffee, Corn, Soybean, Sugar, Wheat.
100+ Stock CFDs Based on shares of US, UK and European companies.
30+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

INGOT Brokers is a forex & CFD broker based out of Australia and Seychelles, with a long track record in the forex brokerage industry. Having been set up all the way back in 2006, INGOT is already considered an old player in this market, although it continues to remain popular with many traders.

In Australia, INGOT Brokers is regulated by the very reputable financial regulatory agency known as ASIC (Australian Securities and Investments Commission) under registration number 428015. Looking up this broker in ASIC’s database confirms that the company is indeed a regulated entity as promised. In Seychelles, INGOT Brokers remains regulated by the Seychelles Financial Services Authority, as is common practice in that offshore jurisdiction.

For Australian residents, the clear benefit with being regulated by ASIC is that it ensures there is always a credible government agency to turn to in the event of any kind of dispute with this broker. This stands in contrast to the situation for INGOT’s non-Australian clients, who unfortunately will have very limited options available if something goes wrong in their dealings with the broker.

For many traders, however, the extra benefit of having access to the much higher trading leverage that is available offshore outweighs the risk of trading with an unregulated forex broker. At the time of this writing, the maximum leverage offered by INGOT Brokers’ offshore-based entity is 1:500, while in Australia it is only 1:30 in accordance with local regulations.

It’s important to note that all non-Australian clients will be assigned to the entity of the broker that is based in Seychelles. This is also clearly stated on the website of the Australia-based broker, which says that it “does not accept applications from Non-Australian residents where it is contrary to local law or regulation.”

In terms of assets that are available for trading, INGOT Brokers has quite a strong offering for its clients. The list of assets includes an unusually large selection of CFDs based on numerous exchange traded funds (ETFs) & the stocks of more than 100 companies from around the world, a selection of more than 30 FX pairs, as well as CFDs that track the price of a large range of commodities.

In addition, INGOT Brokers is also among the CFD brokers that have embraced the crypto revolution, offering a handful of popular digital assets for trading. Keep in mind, however, that these assets are CFDs that are traded only on weekdays. That’s unlike the real underlying crypto market, which of course trades 24/7.

Another important thing to keep in mind regarding crypto CFDs is that these instruments cannot be transferred to any other users. Unlike real cryptocurrencies, crypto CFDs thus do not have any use cases other than price speculation.

Spreads between buy and sell prices of the instruments that are available from INGOT Brokers are generally competitive. This is particularly true for the broker’s ECN account, which instead of wide spreads charges a commission of USD 7 per trade. As such, the ECN account is the most suitable account option for traders with medium to large trading accounts.

All assets offered by INGOT Brokers are traded on either the MetaTrader 4 or 5, usually referred to as just MT4 or MT5. These trading platforms are among the most popular in the retail forex trading industry, despite being released all the way back in 2005 and 2010, respectively. At the time of this review, no other trading platforms are available from INGOT Brokers.

As usual, trading accounts can be funded with either bank wire transfer, major payment cards like Visa and MasterCard, as well as the very popular coins BTC, ETH, and USDT.

All in all, we can conclude that INGOT Brokers is certainly a company to pay attention to for traders who are happy to trade on the MT4 or MT5, and who have an interest in trading CFDs on stocks and ETFs in particular. It’s also one of the brokers that provide leveraged exposure to crypto CFDs, which we know is something many traders are looking for.

Reviews from traders

(4 votes)
United States
United States
United States
United States
United States
United States
No reviews from traders yet.