Abstract：Did INGOT close your account and seize the accumulated funds in it? Did the broker prevent you from withdrawing your funds, including your deposited capital? Faced a capital loss due to frequent slippage in your trade order execution? You are not alone! Many traders have expressed their frustration over these alleged trading incidents. In this INGOT review article, we have examined these allegations and share our views on the broker’s regulatory oversight.
Did INGOT close your account and seize the accumulated funds in it? Did the broker prevent you from withdrawing your funds, including your deposited capital? Faced a capital loss due to frequent slippage in your trade order execution? You are not alone! Many traders have expressed their frustration over these alleged trading incidents. In this INGOT review article, we have examined these allegations and share our views on the brokers regulatory oversight.
INGOT Brokers Overview: A List of Trading Products Available
INGOT Brokers claims to be a multi-asset brokerage entity that allows traders to invest in currency pairs, stocks, ETFs, cryptocurrencies, agricultural commodities, metals, indices and energies. As per the official claim, the broker offers over 1000 trading instruments with updated prices.
The platform features the top-traded forex pairs, including EUR/USD, USD/JPY, GBP/USD, USD/CHF, etc.
On the indices front, INGOT Brokers have these top options available - NKD225, CAC40, ASX200, RUS2000, etc.
As a stock investor, you can invest in these options - BARC.UK, META, BOSS.de, MBG.de, BAYN.de, etc.
You can invest in both gold and silver through this platform.
Commodity trading options include - Natural Gas, Brent Crude and WTI Crude.
If you want to invest in cryptocurrencies, you can do so in any of these options: Tronipay, Ethereum, Stellar Lumens, Bitcoin, etc.
INGOT Brokers Trading Accounts
The brokerage firm offers two trading accounts - EVO and Standard - to align with different trading needs. The table below showcases the details associated with these trading accounts.
INGOT Review Based on Its Overall Product Offerings
INGOT Brokers has an extensive range of trading portfolios that can appeal to a wide range of audiences with varying trading needs. The minimum deposit required across INGOT trading accounts remains affordable for all types of traders. So, as a trader, you can easily access the brokers wide array of products.
The maximum leverage offered remains different across products. Barring cryptocurrencies and stocks, leverage is extremely high. Using such leverage can amplify gains by allowing you to acquire a wide market position for a relatively low margin. However, if the account is overleveraged in response to a market movement that is not good for your open positions, losses can pile up rapidly.
Top Trading Complaints Against INGOT
The Freezing of an Account with Funds Worth USD 1,50,000
The most disturbing complaint against INGOT came from an Iraq-based user, who claimed that the broker closed his trading account and withheld funds worth $1,50,000 on the platform without providing any evidence. According to the complaint, the broker withheld the amount, citing market manipulation and scalping. The trader, however, refuted these allegations by stating that the shortest trade was of 10 minutes. While the user complained about this to the Seychelles Financial Services Authority (FSA) in 2025, he failed to receive any response from the regulator while sharing the INGOT review online, a couple of months ago. Have a look at the complaint.
Investigating a Fund Withholding Case with $48,000 at Stake
INGOT Brokers received another sharp criticism for its alleged trading activities. This complaint came from a US-based trader, who shared that the brokerage entity withheld $48,000 on the INGOT login dashboard. The trader expressed disgust by saying that the trading enterprise hardly activates withdrawals for its clients. Here is what the trader said.
Other Cases of Withdrawal Denials/ Massive Deductions
Traders across Kenya, Pakistan and Sri Lanka took strong exception to the alleged withdrawal denials or a massive deduction from the requested INGOT withdrawal amount. While the Kenyan and Sri Lankan users failed to receive their whole withdrawal application amount, the Pakistani user had to contend with a significantly lower amount than requested. Here are the multiple INGOT reviews on this critical aspect.
The PONZI Scheme Allegation Against INGOT
A Hong Kong user, after failing to withdraw from the platform, revealed that the brokerage firm allegedly procured a mammoth $80,000,000 in the INGOT COIN project. According to the client, users could not receive the funds collected by the broker. This revelation appeared on WikiFX, a leading forex broker regulation inquiry tool. Check it out!
The Slippage Complaint Against INGOT Brokers
A user from the United States recounted his worst experience with INGOT Brokers, claiming that after witnessing a huge slippage on his trade orders, he applied for a fund withdrawal, which was allegedly rejected by the Seychelles-based trading firm. The firm, according to the complaint, denied withdrawals on the grounds that the trader did not have $70 on his trading account. The trader did not feel confident depositing as he allegedly found plugin issues on both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Check this negative INGOT review below.
INGOT Regulation Status & Score in This WikiFX Review
Serious allegations concerning fund withholding and slippage made it necessary for the WikiFX team to conduct a detailed inquiry into INGOT regulation status. Upon investigation, we found that the trading firm had two forex licenses, one from the Australian Securities & Investments Commission (ASIC) and another from the Seychelles Financial Services Authority. While the first license is viewed as credible, the second, from the FSA, is offshore-based, significantly reducing the investor protection measures applicable as per the guidelines from the ASIC or other top-tier financial regulators. Amid rising complaints, the WikiFX team cut its score to 6.84 out of 10. It is thus important to perform regulation checks on independent platforms such as WikiFX. To start doing this from today onward, download the WikiFX app.
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