INGOT

INGOT BROKERS is a multi-asset broker established in 2018 and headquartered in Seychelles. The company operates under the brand name INGOT and offers trading services globally. It markets itself as a one-stop shop for retail traders seeking exposure to forex, commodities, indices, stocks, ETFs, and cryptocurrencies.

Despite its Seychelles registration, INGOT also holds a license from the Australian Securities and Investments Commission (ASIC) and is regulated by the Seychelles Financial Services Authority (FSA). This dual-regulatory structure is a key part of its identity, though the offshore element introduces considerations for traders.

INGOT holds two regulatory licenses that are publicly listed on its website and in our records. The first is an ASIC Market Making License (MM) in Australia, which is a top-tier regulator. The second is an FSA Derivatives Trading License (EP) in Seychelles, classified as offshore regulation. The ASIC license applies to clients in Australia, while the FSA license covers the rest of the world, as per the broker's disclosures.

Our cross-check of the public registers confirms that the ASIC licence (AFSL) is valid and current. However, the FSA's offshore status means that client funds may not enjoy the same level of protection as those under full EU or UK regulation. Traders should weigh the benefits of the ASIC oversight against the limitations of the Seychelles licence.

The broker offers two main account types: the EVO Account and the Standard Account. The EVO Account requires a minimum deposit of just $10, making it highly accessible for beginners or those testing the platform. The Standard Account has a $100 minimum. Both accounts feature extremely high leverage up to 1:5000 on major forex pairs and gold, and up to 1:1000 on spot indices, with more conservative limits on futures and metals.

While high leverage can amplify gains, it also significantly increases the risk of rapid losses. The broker's risk disclosure on its website warns that 82% of retail investor accounts lose money when trading CFDs with this provider (as seen on the Kenya regional site). This statistic is a crucial caution for prospective clients.

INGOT provides both MetaTrader 5 (MT5) and its proprietary INGOT Mobile App for trading. MT5 is a widely respected platform known for its advanced charting, algorithmic trading, and multi-asset capabilities. The mobile app is designed for traders who require flexibility and on-the-go execution.

The instrument list is extensive, covering major and minor forex pairs, spot and futures metals, indices, energies, cryptocurrencies (with lower leverage), UK/EU and US stocks, ETFs, and agricultural commodities. This breadth allows traders to diversify within a single account, which is a notable advantage for those seeking multi-asset exposure.

INGOT promotes zero commission on trades and zero fees for deposits and withdrawals. This is a competitive feature in the retail brokerage space, as many brokers charge separate commissions or funding fees. The broker does not explicitly list all available payment methods on the homepage, but based on industry standards for Seychelles brokers, clients can likely use bank transfers, credit/debit cards, and e-wallets.

The absence of deposit and withdrawal fees, combined with the zero-commission model, suggests a spread-based revenue structure. Traders should examine the spread costs for their preferred instruments, as these may be wider to compensate for the lack of explicit fees.

INGOT positions itself to serve a broad range of retail traders, from beginners with small capital to experienced traders attracted to high leverage. The low minimum deposit on the EVO account makes it accessible, while the high-leverage options appeal to those seeking to maximize position size with limited capital.

However, the combination of offshore regulation and extreme leverage means this broker is best suited for traders who understand and accept the associated risks. Conservative or risk-averse traders may find more suitable options with stronger regulatory protections and more moderate leverage caps.