ingot.io FAQ

What is ingot.io?

Ingot.io is an online brokerage platform that provides services for trading Contracts for Difference (CFDs) and Forex (foreign exchange) across various financial instruments, including currencies, stocks, commodities, and indices.

It offers trading through platforms like MetaTrader 5 (MT5) and its proprietary INGOT Copy Trader.

Is ingot.io a safe platform?

From an Islamic ethical perspective, no, ingot.io is not safe to use due to its involvement in Riba (interest), Gharar (excessive uncertainty), and Maysir (gambling) inherent in CFD/Forex trading.

From a financial risk perspective, it is also highly unsafe for most retail users, with ingot.io itself stating that “78% of retail investor accounts lose money.” Best CFD/Forex Services Like ingot.io (Not Recommended)

What types of products can I trade on ingot.io?

Ingot.io allows you to trade CFDs on over 1000 financial instruments, including Currencies (Forex), Stocks, ETFs, Agricultural Commodities, Indices, Metals (like gold and silver), and Energies (like crude oil).

Does ingot.io charge commissions?

Ingot.io claims “Zero Commission, Zero Deposit Fees, and Zero Withdrawal Fees.” However, they generate revenue through spreads (the difference between buy and sell prices) and potentially through swap fees (overnight charges), which are interest-based.

What is the maximum leverage offered by ingot.io?

Ingot.io offers “dynamic leverage of up to 1:4000.” This extremely high leverage significantly amplifies both potential gains and, more importantly, losses, making it very high-risk.

Are ingot.io’s mobile apps available?

According to the website, the INGOT iOS App and INGOT Android App are listed as “Coming Soon.” This is a significant drawback for a platform that has been operational since 2019.

What trading platforms does ingot.io support?

Ingot.io supports MetaTrader 5 (MT5) for advanced trading and INGOT Copy Trader, which allows users to automatically copy trades of expert traders. ingot.io Pricing

Is ingot.io regulated?

Ingot.io mentions “Licenses & Regulation” on its website.

Users should independently verify these claims with the relevant financial regulatory authorities in the stated jurisdictions (e.g., if INGOT KE Ltd. is based in Kenya, check with the CMA).

Why is CFD/Forex trading prohibited in Islam?

CFD/Forex trading is generally prohibited in Islam due to:

1. Riba (Interest): Inherent in leveraged trading and swap fees.
2. Gharar (Excessive Uncertainty): Due to non-ownership of assets and high market volatility.
3. Maysir (Gambling): Purely speculative nature with profit from price prediction rather than productive activity.

What is “Zero Zero Zero” pricing model?

The “Zero Zero Zero” model on ingot.io refers to its claim of no commissions, no deposit fees, and no withdrawal fees.

However, costs are still incurred through spreads and interest-based swap fees. How to Get Started with ingot.io

Can I open a demo account on ingot.io?

Yes, ingot.io offers the option to “Start Free Demo” with virtual money, allowing users to practice trading without risking real capital.

However, even demo accounts familiarize users with non-permissible activities.

What resources does ingot.io offer for traders?

Ingot.io provides a “Resource Hub” which includes an Economic Calendar, Autochartist (a market scanner), Calculators, Video Tutorials, an INGOT Glossary, and Market News and Announcements.

Who owns ingot.io?

The WHOIS information for ingot.io shows the registrant organization as “Domains By Proxy, LLC,” a privacy service.

The direct ownership of INGOT KE Ltd., the implied operational entity, is not transparently listed on the homepage or in WHOIS data. How Does ingot.io Work?

How old is the ingot.io domain?

The ingot.io domain was created on September 25, 2019, making it approximately five years old as of mid-2024.

What is the risk warning on ingot.io?

Ingot.io displays a prominent risk warning stating: “78% of retail investor accounts lose money when trading online Forex/CFDs.

You should consider whether you can afford to take the high risk of losing your money.”

Are there any ethical alternatives to ingot.io for investment?

Yes, ethical Islamic alternatives include investing in Shariah-compliant stocks, Islamic mutual funds/ETFs, real estate (direct or through Shariah-compliant REITs), physical commodities (with actual possession), halal business ventures, and Takaful (Islamic insurance).

Does ingot.io offer copy trading?

Yes, ingot.io offers the “INGOT Copy Trader” platform, which allows users to automatically copy the trading strategies of other expert traders. What to Expect from ingot.io

How do I contact ingot.io customer support?

Ingot.io provides a “Contact Us” section, a “Help Center,” an FAQ, and a “Chat with us” option (powered by LiveChat) for customer support inquiries.

What is “dynamic leverage” on ingot.io?

Dynamic leverage refers to leverage that can change based on factors like the trading instrument, trade volume, or market conditions.

Ingot.io advertises “dynamic leverage of up to 1:4000,” meaning the amount of leverage available can vary but can go as high as 1 part capital to 4000 parts borrowed funds.

What is “The Forge” mentioned on ingot.io?

“The Forge” is listed under the “Resource Hub” on ingot.io.

Without direct access to that specific page, it typically refers to a hub for trading tools, educational content, or community features designed to equip traders. My Experience with ingot.io