Is INGOT Brokers Legit? Full Expert Analysis for Beginners & Experienced Traders

Last Updated: May 2026 | Regulated Broker | Est. 2006 | 1,000+ Instruments

Quick Facts at a Glance

Founded                2006
Headquarters      Amman, Jordan (global entities)
Regulation            ASIC, FSCA, JSC, FSA (Seychelles), CMA (Kenya)
Platforms              MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader
Min. Deposit         From $10 (EVO Account)
Max Leverage      Up to 1:500 (1:30 for ASIC clients)
Spreads                 From 0.0 pips (Raw) | From 1.0 pip (Standard)
Instruments         1,000+ (Forex, Stocks, Indices, Crypto, Commodities, ETFs)
Deposit Fees         None
Withdrawal Fees None
Copy Trading       Yes (MAM Pro system available)
Islamic Account   Yes (Swap-Free)
US Clients              Not Accepted

Overall Ratings

Category                   Rating Score
Regulation & Safety ★★★★☆ 4/5
Trading Platforms  ★★★★☆ 4/5
Trading Costs & Fees ★★★★☆ 4/5
Instruments & Markets ★★★★☆ 4/5
Account Types         ★★★★☆ 4/5
Deposits & Withdrawals ★★★★☆ 4/5
Copy Trading & Tools ★★★★☆ 4/5
Customer Support  ★★★★☆ 4/5
Education & Research ★★☆☆☆ 2/5
OVERALL                  ★★★★☆ 4/5

What is INGOT Brokers?

INGOT Brokers is a multi-asset forex and CFD broker founded in 2006 and headquartered in Amman, Jordan. Over nearly two decades, the broker has built a global presence through five regulated entities spanning Australia, Africa, the Middle East, and Seychelles.

The broker gives traders access to over 1,000 financial instruments across eight asset classes, all accessible through the industry-standard MetaTrader 4 and MetaTrader 5 platforms. INGOT also runs a proprietary copy trading service and a MAM Pro system designed for professional account managers and introducing brokers.

Whether you are a beginner just starting out in forex trading or an experienced trader managing client accounts, INGOT Brokers offers a range of account types and tools to fit different trading styles and goals.

Regulation & Safety: Is INGOT Brokers Legit?

Yes. INGOT Brokers is a legitimate and regulated broker. One of the most important questions any trader must ask before depositing funds is whether a broker is properly regulated. INGOT Brokers passes this test with a multi-jurisdictional regulatory structure:

Ingot Brokers (Australia) Pty Ltd — regulated by ASIC (Australian Securities and Investments Commission), a top-tier Tier-1 regulator

Ingot RSA (Pty) Ltd — regulated by the FSCA (Financial Sector Conduct Authority), South Africa

Ingot Africa Ltd — regulated by the CMA (Capital Markets Authority), Kenya

Ingot Financial Brokerage Ltd — regulated by the JSC (Jordan Securities Commission)

Ingot Global Ltd — regulated by the FSA (Financial Services Authority), Seychelles

Key client protections include:

Segregated client funds — your money is held separately from the broker’s operating capital

Negative balance protection — you cannot lose more than your account balance

KYC and AML compliance — identity verification and anti-money laundering checks

The ASIC license is the standout credential here. ASIC is one of the most respected financial regulators in the world, and holding this license signals a meaningful level of accountability. Traders under the ASIC entity do face leverage caps of 1:30 (introduced in 2021), but this is a client protection measure, not a limitation of the broker.

Trading Platforms: MT4, MT5 & WebTrader

INGOT Brokers supports the two most widely used trading platforms in the retail forex industry:

MetaTrader 4 (MT4)

MT4 remains the go-to platform for forex traders worldwide. It supports Expert Advisors (EAs) for automated trading, a rich library of technical indicators, one-click trading, and is available on Windows, Mac, iOS, and Android. If you are coming from another broker, your existing MT4 setup will transfer seamlessly.

MetaTrader 5 (MT5)

MT5 is the more advanced successor to MT4. It adds more timeframes, a built-in economic calendar, depth of market (DOM) data, and supports more asset classes including stocks and futures. Experienced traders managing complex strategies will prefer MT5.

WebTrader

INGOT also offers a browser-based WebTrader, eliminating the need to download or install software. This is particularly useful for traders who switch between devices or prefer a clean, lightweight interface.

Account Types Explained

INGOT Brokers offers multiple account types to suit different levels of experience and trading styles:

Account	Min. Deposit	Spreads From	Commission
EVO	$10	0.7 pips	None
Standard	$100	1.0 pip	None
Prime / Standard Plus	$100	1.0 pip	None
ECN / Prime RAW	$100	0.0 pips	$7/lot
Professional (ECN)	$10,000	0.0 pips	$5/lot

For beginners, the EVO or Standard account is the recommended starting point — low deposit, no commissions, and simple fee structure. For active traders, scalpers, and those managing high volumes, the ECN or Prime RAW account offers the tightest spreads despite the per-lot commission.

An Islamic (swap-free) account is available for Muslim traders who require Shariah-compliant trading conditions.

Trading Fees & Costs

INGOT Brokers runs a transparent, low-cost fee structure. Here is what you need to know:

Deposit fees: None

Withdrawal fees: None

Inactivity fees: Not charged (confirmed by multiple sources)

Commission free accounts: Standard, Standard Plus, Prime accounts charge zero commissions

ECN/Raw accounts: $7 per round lot (very competitive for raw spread accounts)

Overnight/swap fees: Apply to positions held past the daily rollover — standard across all CFD brokers

Currency conversion fee: Applies when depositing or withdrawing in a currency different from your account base currency

Overall, INGOT’s cost structure is competitive. The commission-free accounts make it accessible for part-time and beginner traders, while the raw spread accounts serve the needs of high-frequency and algorithmic traders who need the tightest possible pricing.

Tradable Instruments: What Can You Trade?

INGOT Brokers gives access to over 1,000 instruments across eight asset classes:

Forex — 30+ currency pairs including major, minor, and exotic pairs

Indices — major global indices (S&P 500, FTSE 100, DAX, Nikkei, etc.)

Stocks — CFDs on global equities

Commodities — agricultural products, soft commodities

Metals — Gold (XAU/USD), Silver, Platinum

Energies — Crude Oil (WTI & Brent), Natural Gas

Cryptocurrencies — Bitcoin, Ethereum, and major altcoins

ETFs — Exchange-traded fund CFDs

One notable limitation: the forex pair count of 30+ is below the industry average. Traders who specifically need a wide selection of exotic currency pairs may find this limiting. For most forex traders, however, the major and minor pairs are more than sufficient.

Deposits & Withdrawals

INGOT Brokers supports a solid range of funding options:

Credit & Debit Cards (Visa, Mastercard) — instant processing

Bank Wire Transfer — typically 2 to 5 business days

E-Wallets: Skrill, Neteller, PayPal — fast processing

Cryptocurrency: Bitcoin (BTC), USDT and Ethereum (ETH)

Payoneer

There are no deposit or withdrawal fees charged by the broker itself. Processing times vary by method — card and e-wallet transactions are typically the fastest. The minimum deposit is as low as $10 on the EVO account, making this one of the most accessible brokers in terms of entry barrier.

Copy Trading & MAM Pro

Beginners can automatically mirror the trades of verified, experienced traders. This is a hands-off approach that allows newer traders to participate in the markets without needing to develop their own strategy from scratch.

MAM Pro System

The Multi-Account Manager (MAM) Pro system is designed for professional traders, fund managers, and introducing brokers who manage money on behalf of multiple clients. It allows trade allocation across many accounts simultaneously — a critical tool for anyone building a client base in forex.

Partnership / IB Program

INGOT Brokers runs a standard introducing broker (IB) program that allows partners to earn commissions by referring clients. For those building a forex-focused client network in Africa or the Middle East, this is a viable and accessible program.

Customer Support

INGOT Brokers offers 24/5 customer support (Monday to Friday) through the following channels:

Live Chat — fastest response channel

Email support

Telephone

Online contact form

Support quality is generally rated as responsive and helpful, covering both technical platform issues and account-related queries. Support is not available on weekends, which is standard across most retail forex brokers.

Education & Research: The Weak Spot

This is the area where INGOT Brokers falls short compared to top-tier competitors. The broker’s educational resources and market research tools trail most rivals. There is no dedicated trading academy, limited video content, and the market analysis is basic.

For beginners who need structured learning — courses, webinars, in-depth tutorials — this broker may not be the best standalone choice. However, INGOT does publish economic news and market reviews, which serve as a starting reference point.

Recommendation: Supplement your trading education through third-party platforms ( YouTube channels ) if you choose INGOT as your broker.

✅ Pros	❌ Cons
ASIC-regulated (top-tier) + 4 other regulators	Only 30+ forex pairs — below industry average
Low entry from $10 (EVO account)	Education and research tools are basic
1,000+ instruments across 8 asset classes	ASIC clients limited to 1:30 leverage
Zero deposit and withdrawal fees	No US clients accepted
MT4 and MT5 both supported	GBP not a base currency option
Copy trading and MAM Pro available	ECN account has fewer assets
Islamic (swap-free) accounts
Scalping and hedging permitted
No inactivity fees

Final Verdict: Is INGOT Brokers Worth It?

INGOT Brokers earns a solid 8.0 out of 10 overall. It is a legitimate, well-regulated broker with a low barrier to entry, zero fee structure, and meaningful infrastructure for both individual traders and account managers.

It is best suited for:

African and Middle Eastern traders looking for a regulated broker with local regulatory presence (FSCA, CMA, JSC)

Beginner traders who want low minimum deposits and commission-free accounts

Active day traders and scalpers who want raw spread ECN access

Introducing brokers and account managers who need the MAM Pro system

Copy traders who want to mirror experienced traders automatically

It is less ideal for:

Traders who need a very wide exotic forex pair selection

Beginners who rely heavily on in-platform educational content

UK traders needing FCA regulation or GBP account support

Open INGOT Account Here

Risk Warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for informational purposes only and does not constitute financial advice.