Comprehensive Introduction and Review of INGOT Broker

Positive aspects of INGOT Broker:

• High-quality and powerful Persian-language support

• Offering deposit and withdrawal in Iranian Rial

• High credibility and highly reliable regulation

• Providing excellent educational webinars and materials

• Competitive and floating spreads

Negative Points of INGOT Broker:

• Lack of Cent Accounts

• No 24/7 Customer Support

• Limited Bonuses

About INGOT Brokers

INGOT Brokers is considered one of the most reliable Forex brokers currently available for Iranian traders.

Established in 2006, INGOT Brokers has earned recognition as a reputable brokerage in the Forex market. The broker aims to provide a user-friendly platform with diverse features, making it easy for traders of all experience levels to trade their assets in the Forex markets.

One of the most important factors when choosing a Forex broker is its level of regulation and compliance with international standards. INGOT Brokers has secured licenses from reputable organizations such as:

• ASIC (Australian Securities and Investments Commission),
• SVGFSA (Saint Vincent and the Grenadines Financial Services Authority),
• JSC (Jordan Securities Commission),
• FSA (Financial Services Authority of Seychelles),
• CMA (Capital Markets Authority of Kenya).

For Iranian traders, one key consideration is the broker’s compatibility with Iranian nationality. INGOT Brokers offers Persian language support and provides Persian-speaking customer service, allowing Iranian users to easily navigate the registration process, account funding, and trading.

In addition to currency pairs, INGOT Brokers provides trading opportunities in various markets such as cryptocurrencies, international stocks, ETFs, oil and gas, precious metals like gold, and even agricultural products.

Evaluation of INGOT Broker’s Credibility

For traders, ensuring the credibility and regulatory compliance of a chosen broker is crucial. INGOT Brokers operates under the supervision of several international bodies, as outlined below:

1. ASIC License (Australian Securities and Investments Commission), License No. 428015: This license, numbered 428015, is issued by ASIC, one of the top regulatory bodies globally. Under this license, INGOT Brokers is subject to strict regulations in areas such as risk management, accounting, auditing, and employee training. Investor funds are kept in prominent Australian banks like Westpac and NAB. In the case of any complaints, clients can contact the regulatory representative at the brokerage.
2. JSC License (Jordan Securities Commission and Dubai): The JSC license applies to INGOT Financial Brokerage Ltd’s operations in the Middle East. Although JSC is ranked as a Level 3 license and doesn’t carry the same weight as ASIC, it is used for specific activities in the Middle East region.
3. FSA License (Saint Vincent and the Grenadines): INGOT Brokers also operates under this license, which is categorized as a medium-level regulatory body.
4. FSA Seychelles License, No. SD117: Issued to INGOT Global Ltd, this license is considered less reliable.

It’s important to note that INGOT Brokers provides services to Iranian traders solely through its offshore branch under the FSA Seychelles and SVGFSA licenses, meaning that Iranian traders do not benefit from the broker’s main and more reputable licenses.

Easy and Brief Registration Guide for INGOT Brokers

To register with INGOT Brokers, follow these steps:

1. Visit the official INGOT Brokers website through the provided link.
2. Enter basic information such as your full name, contact number, country, and residential address in the registration form.
3. Choose a strong password and remember it.
4. Select a currency for your trades, such as EUR, USD, or GBP.
5. Click the relevant button to complete your registration.
6. To finalize your registration, click “Verify Profile” or the “Get Started” tab on the right side of the page.
7. Provide additional details like your full name, date of birth, and residential address.
8. Specify your source of income.
9. To complete the registration and verification process, submit the necessary documents and a selfie.

Verification Process at INGOT Brokers

1. Take a high-quality selfie using your smartphone. You can scan the barcode on the website for this step.
2. Upload a photo of your ID card, such as a national ID, passport, or driver’s license.
3. Upload the back of your ID card as well.
4. Optionally, you can retake the selfie or skip this step.
5. After completing the verification, continue the process on your computer.
6. To confirm your residential address, upload a utility bill or property document.
7. Confirm that your trading objectives are personal and that you are not politically active.
8. Confirm that you do not hold U.S. citizenship.
9. Click the submit button and wait for the broker to approve your documents.

Review of Trading Account Types at INGOT Brokers

INGOT Brokers offers four types of trading accounts to its users:

• Standard Account
• ECN Account
• Professional Account
• Prime Account
• Booster Account

Each ofIn this image, you can see the differences between the various trading accounts offered by INGOT Brokers, and you can compare them as well.

As mentioned above, INGOT Brokers provides several different types of trading accounts, each designed to meet the diverse needs of traders.

ECN Account at INGOT Broker

This account is suitable for everyone and is characterized by low spreads and low commissions. The minimum investment required for this account is $100, and spreads start from 0.0 pips.

This account allows traders to trade in various markets, including metals, currency pairs, cryptocurrencies, and stocks from different countries. The minimum trading volume for this account is 0.1 lot, and the maximum available leverage is 1:200. This account is not swap-free, and the commission is variable.

Standard Account

Only two types of accounts are available for Iranian users: the ECN and Standard accounts. The main difference between these accounts is the number of markets available for trading.

The minimum investment for this account is also $100, the minimum trading volume is 0.01 lot, and the maximum leverage is 1:500. The spread in this account is floating.

Professional Account

This account is designed for experienced traders who are looking for better trading conditions in global markets. The minimum investment required for this account is $100, and spreads start from 1 pip.

This account provides access to a more diverse range of markets, including currency pairs, cryptocurrencies, metals, energies, indices, and more. The minimum trading volume for this account is 0.01 lot, and the maximum leverage is 1:500. Swaps are optional in this account, and the commission is variable.

Prime Account

This account is suitable for high-volume traders and is designed for those looking for competitive pricing and advanced features.

The minimum investment for this account is $25,000, and spreads start from 0.0 pips. The minimum trading volume is 0.1 lot, and the maximum leverage is 1:100. This account has no commission and allows trading in a wide range of markets.

Booster Account

This account offers specific competitive conditions for traders. The commission for some specific assets starts from 1 pip, allowing traders to earn additional income from their trades.

Fees and Spreads at INGOT Broker

As you can see, spreads and commissions at INGOT Brokers vary depending on the type of account and trading instruments. Spreads can start from 0 pips, but they will vary depending on the asset you are trading.

For example, the commission for trading ETFs (Exchange-Traded Funds) may start from $35, while the commission for futures trading may start from $10. The table below shows the different fees charged by this broker.

 these trading accounts has unique features, which will be explained in detail further.

INGOT Broker Fees

INGOT Broker offers competitive and reasonable spreads across different trading instruments, with spreads being variable (floating).

Trading Platforms and Symbols at INGOT Brokers

Trading Platforms at INGOT Brokers

To trade in the Forex market, traders need reliable trading platforms. MetaTrader is one of the most popular platforms globally and has attracted a large number of traders.

INGOT Brokers offers the option to download and use both MetaTrader 4 and MetaTrader 5. Traders can choose between these two versions based on their needs and preferences.

Both versions are available for Android and iOS operating systems and can also be installed on personal computers. Additionally, a web-based version is available for users who prefer to trade directly through their browsers. This flexibility allows users to have the best trading experience according to their conditions and needs.

Wide Range of Trading Symbols Offered by INGOT Brokers

INGOT Brokers offers over 1,000 trading symbols, providing impressive diversity in tradable assets, which is one of the broker’s most attractive features. Below is a brief overview of the different asset categories available at INGOT Brokers:

• Currency Pairs: Over 40 major currency pairs are available for trading.
• Cryptocurrencies: The broker allows trading in over 30 different cryptocurrencies.
• Stocks: A wide range of major European and American company stocks are accessible to traders.
• Exchange-Traded Funds (ETFs): This section allows traders to trade on the most important funds in the market.
• Indices: Includes major global indices like the Dow Jones, NASDAQ, S&P, and others.
• Commodities: INGOT Brokers offers a wide range of commodities for trading, including agricultural products, energy, precious metals, and soft commodities.

This wide variety of trading assets makes INGOT Brokers an excellent choice for traders.

Islamic Accounts and Customer Support at INGOT Brokers

INGOT Broker offers special services for its customers, including Islamic trading accounts.

These accounts are designed according to Islamic principles, making them suitable for those who want to trade without paying or receiving interest.

In Islamic accounts at INGOT Brokers, customers can trade in various markets like currencies, stocks, and commodities without worrying about paying interest. Additionally, these accounts do not charge fees for holding open positions for longer periods, making them ideal for traders who prefer long-term positions.

To open an Islamic account at INGOT Brokers, it’s recommended to carefully review the terms and conditions. It should be noted that some markets may not be accessible in these accounts due to incompatibility with Islamic principles.

After reviewing the details, you can contact INGOT Brokers’ customer support to obtain more information about the limitations and features of Islamic accounts. This account can be activated along with the standard account at INGOT Brokers.

Persian Support at INGOT Brokers

INGOT Brokers offers multilingual support services, including in Persian, to cater to the needs of its customers. The broker’s specialist support team is available 24/5, from Monday to Friday, to answer user questions and address their needs.

Customers can contact INGOT Brokers’ support team through various channels, including direct phone calls, live online chat, and email.

Additionally, users can fill out the contact form on the website to submit their questions, and the support team will reach out as soon as possible. This support system ensures that users’ experience with the broker is as smooth and hassle-free as possible.

Deposit and Withdrawal Methods at INGOT Brokers

INGOT Brokers offers a variety of options for depositing and withdrawing funds. These options include direct Rial payments, using Top Change, Visa and MasterCard, international wire transfers, electronic payment services like Neteller and Skrill, and cryptocurrencies such as Ethereum, Bitcoin, Tether, and Ripple. For Iranian traders, using Top Change, cryptocurrencies, and Rial-based methods are usually recommended.

Rial Deposits and Withdrawals

• Rial Deposit: To make a Rial deposit, you must first obtain the real-time exchange rate and bank account details from the broker’s support team. It’s important to ensure that the bank account used for the deposit is in the name of the person making the transaction, and no description should be written in the bank transfer to avoid potential issues.
• Rial Withdrawal: First, log into your personal account on the broker’s website and go to the capital management section. Then, transfer the desired amount from your MetaTrader account to your user wallet.

To register your financial information, go to the withdrawal section and enter your banking details. Enter the desired amount in USD and select USD as the currency. Note that the minimum withdrawal amount is $40, and it usually gets deposited into your account within 24 hours.

Withdrawals via Top Change

To withdraw funds via Top Change in INGOT Brokers, follow these steps:

1. Login to User Dashboard: First, log into your personal account on the broker’s website and go to the capital management section.
2. Transfer Funds: Transfer the amount you wish to withdraw from your MetaTrader account to your user wallet in the dashboard.
3. Register Withdrawal Details: Then, go to the withdrawal section and select the Bank Transfer and Local Transfer options.
4. Enter Account Information: In the account number section, enter 888888. Fill in the beneficiary’s full name and the bank name (e.g., Melli or Mellat) in English.
5. Wallet Number and Swift Code: In the IBAN section, enter your Top Change wallet number. For the Swift code, use “TC” or “Top Change.”
6. Determine Amount and Currency: Enter the desired amount in USD and select USD as the currency.

Deposits and Withdrawals via Tether (USDT)

To deposit and withdraw using Tether (USDT) in INGOT Brokers, follow these steps:

• Tether Deposit:
  1. Prepare for Deposit: The minimum deposit amount with Tether is $100. First, contact customer support to receive the broker’s Tether wallet address.
  2. Make Deposit: After receiving the wallet address, transfer the desired amount. To confirm the deposit, send a screenshot of the transaction to customer support.
  3. Deposit Network: The TRC20 network is used for Tether transfers.
• Tether Withdrawal:
  1. Prepare for Withdrawal: First, log into your personal account on the broker’s website and go to the capital management section.
  2. Transfer Funds: Transfer the desired amount from your MetaTrader account to your user wallet.
  3. Register Withdrawal Information: To register financial details, go to the withdrawal section. In the account number section, enter 888888.
  4. Complete Withdrawal Form: Enter the beneficiary’s full name and the bank name in English. Input your personal wallet number (IBAN). The Swift code for Tether is TRC20.
  5. Enter Amount and Currency: Input the desired amount in USD and select USD as the currency.

Conclusion

Established in 2006, INGOT Brokers is a well-known broker in the Forex market that also provides services to Iranian users. The broker has obtained internationally recognized licenses and, given its long-standing presence in the financial sector, enjoys high credibility.

INGOT Brokers offers a wide variety of tradable assets. Users can trade in major Forex currency pairs, cryptocurrencies, agricultural products, precious metals, international stocks, and ETFs.

Another advantage of this broker is its Persian language support. INGOT Brokers not only supports the Persian language but also has Persian-speaking staff to address the needs of Iranian users. Additionally, the ability to deposit and withdraw funds in Rial is a significant feature for Iranian users.

In summary, INGOT Brokers is one of the most popular brokers today, and Iranian users are highly satisfied with its excellent features and trading conditions.

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