Score
INGOT
https://www.ingotbrokersafrica.com/en
Website
Rating Index
Influence
Influence
D
Influence Index NO.1
Contact
Forex License
No forex trading license found. Please be aware of the risks.
- This broker lacks valid forex regulation. Please be aware of the risk!
Account Info
- Trading Env.--
- Currency--
- Maximum Leverage1:400
- SupportedEA
- Minimum Deposit$30
- Minimum Spread--
- Depositing Method--
- Withdrawal Method--
- Minimum Trade Size--
- Commission$0
- Trading Instruments--
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Verified Site
ingotbrokersafrica.com
13.248.223.61Server LocationUnited States
ICP Registration No.--Top Visitor Locations--Creation Date--Website Name--Company--
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Company Profile
Company Profile
Review summary
| INGOT Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Kenya |
| Regulation | ASIC/FSA (Unverified) |
| Market Instruments | Forex, Indices, Stocks, Commodities, Metals, Energies, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 400x |
| EUR/USD Spread | From 0.7 pips |
| Trading Platform | MetaTrader 5, INGOT Copy Trader |
| Copy Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | Online chat |
| Tel: 25411 119 3877; 0202 172 172 | |
| WhatsApp: +254727 174 174 | |
| Email: info-KE@ingot.io; customerservice-ke@ingot.io | |
| Social platform: Twitter, LinkedIn, Telegram, Facebook, Instagram, Tiktok | |
| Address: Unit C, 4th Floor, Delta Chambers, Westlands, Nairobi, Kenya | |
| Restricted Area | United States of America |
INGOT Information
INGOT is a Kenya-based financial services company who offers trading services in forex, commodities, indices, stocks and ETFs. The broker offers a demo account for practicing and two tiered live accounts for traders to choose from, with an affordable minimum deposit of $10. It implements segregated accounts to protect investor funds even during insolvencies.
Except for that, the broker provides trading tools such as economic calendars and calculators for investors to catch up with latest market intelligence and understand their trading costs easily.
In addition, educational resources such as glossary and video tutorials equip traders with necessary trading knowledge to make better informed decisions.
What's more, the broker allows copy trading, enabling novice traders to follow and simulate strategies of successful predecessors for quicker gains. The use of the award-winning MetaTrader 5 platform enhances customer experience and absence of deposit/withdrwal/commission fees significantly decrease trading costs of investors.
However, the broker claims to own ASIC and FSA licenses, which is unverified so far by the authorities,indicating possible incompliance to financial regulations and less customer protection set by the regulatory bodies.

Pros and Cons
| Pros | Cons |
| MetaTrader 5 platform | Unverified ASIC and FSA regulation |
| Copy trading | Inactivity/currency conversion fees charged |
| Zero commission | No services in certain areas |
| No deposit/withdrawal fees | Limited info on payment methods |
| Low minimum deposit | |
| Segregated accounts | |
| Educational resources offered | |
| Live chat support |
Is INGOT Legit?
INGOT's ASIC (Australia Securities & Investment Commission) with license no. 000428015 and FSA (Seychelles Financial Services Authority) with license no. SD117 are unverified so far by the authorities, indicating that the company might not be regulated by any financial bodies. Investors should be vigilant and cautious about this.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
![]() | ASIC | Unverified | INGOT AU PTY LTD | Market Maker (MM) | 000428015 |
![]() | FSA | Unverified | INGOT SC LTD | Retail Forex License | SD117 |


What Can I Trade on INGOT?
INGOT offers more than 1,000 market instruments for clients to trade with:
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| ETFs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |

Account Type
INGOT provides a demo account for practicing in a risk-free environment, allowing traders to test their trading strategies without losing real money.
While for live trading, there are 2 tiered accounts to choose from, basing on your trading experience and financial capabilities:
| Account Type | Account Currency | Minimum Deposit | EUR/USD Spread | Commission | Available CFD Products |
| EVO | EUR & USD | $10 | From 0.7 pips | 0 | Major & Minor Forex Pairs | Metals (Spot & Futures) | Indices (Spot & Futures) | Energies (Spot & Futures) | UK and EU Stocks | US Stocks and ETFs |
| Standard | $100 | From 1.2 pips | 0 | Major, Minor, Exotic Forex Pairs | Metals (Spot & Futures) | Indices (Spot & Futures) | Energies (Spot & Futures) | Agricultural Softs | Agricultural Grains | UK and EU Stocks | US Stocks and ETFs |

Leverage
INGOT offers different leverage levels for different products:
| Asset Class | Maximum Leverage |
| Gold | 400x |
| FX majors | |
| FX minors | |
| Crude oil | |
| Brent oil | |
| Silver | 300x |
| Major stocks | 50x |
Please note that high leverage can amplify not only profits but also losses.

Trading Platform
INGOT claims to use both the world renowned MetaTrader 5 platform, which is popular among investors worldwide for its user-friendly interface, robust functions, comprehensive market access and advanced analysis tools.
The broker also provides the CopyTrader platform for users to access and imitate top-performing traders with a proven track record and copy their strategies to elevate trading experience.
Furthermore, the broker's proprietary INGOT app is said to be coming soon, let's stay tuned.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web | Experienced traders |
| Copy Trader | ✔ | Web | All traders |
| INGOT App | Coming soon | Mobile phones | / |
| MT4 | ❌ | / | Beginners |

Fees
INGOT indicates on its websiste that it charges inactivity fees and currency conversion fees, but the details are not disclosed. You should reach the broker before you choose to trade with them to ensure you have full understanding of these costs.
Company Profile
- 2-5 years
- Questionable Regulatory License
- Self-developed
- Suspicious Operational Region
- High Potential Risk
Wiki Q&A
Is INGOT safe and reliable?
WikiFX assessment gives INGOT KE LTD. a core score of 1.52 out of 10, reflecting a combination of unverified regulatory licenses and negative public exposure. The broker lists licenses from ASIC and the Seychelles FSA, but both remain unverified, meaning the entity lacks a valid, authoritative forex trading license. Additionally, a documented user complaint involves withdrawal delays, unauthorized account access, and a demand for a deposit to unfreeze funds, resulting in a reported loss of 2.2 million yen. This profile signals a high-risk environment for traders.
Is INGOT regulated?
INGOT KE LTD. claims licenses from the Australian Securities & Investment Commission (ASIC, license number 428015) and the Seychelles Financial Services Authority (FSA, license number SD117). However, both licenses are listed as unverified in WikiFX data, meaning the broker does not currently hold a confirmed, valid regulatory authorization. In practice, the entity operates without credible oversight from a major financial regulator.
What is the minimum deposit of INGOT?
INGOT offers three account types with varying minimum deposits: the CENTS account requires a minimum deposit of $30, the ECN account requires $100, and the PRO account requires $50. This range allows traders to choose an entry point that suits their capital.
Does INGOT support MT4 or MT5?
WikiFX data does not explicitly list the trading platforms offered by INGOT. However, all three account types support Expert Advisors (EAs) and scalping, features that are commonly associated with platforms like MetaTrader 4 or MetaTrader 5. Traders are advised to confirm the available platforms directly with the broker.

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