INGFX-Overview of Minimum Deposit, Leverage, Spreads

Note: For some unknown reason, we cannot open INGFXs official site (https://www.ingfxgroup.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

INGFX is allegedly a forex broker registered in China that claims to provide its clients with over 150 tradable commodities with leverage capped at 400:1 and spreads from 0.0 pips on the leading MetaTrader5 trading platform, as well as 24/7 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that INGFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.15/10. Please be aware of the risk.

Negative Reviews

Some traders shared their terrible trading experience on the INGFX platform at WikiFX. They said this platform is a scam and they are unable to withdraw from the broker. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

INGFX advertises that it offers more than 150 trading commodities, as well as forex currency pair trading.

Leverage

The leverage offered by INGFX is capped at 400:1, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

INGFXs website claims on its home page that the spread is as low as 0.0 pips.

Trading Platform Available

The platform available for trading at INGFX is the worlds most widely-used MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

INGFX‘s customer support can only be reached by email: admin@ingfxgroup.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.