A trader in Pakistan says a $250 deposit grew to $3,200 at INGOT Brokers, but only $179 was paid when the balance was withdrawn. Independent monitoring lists that case among 13 severe complaints recorded against the broker within a three-month period.
A Kenyan client separately alleged losing more than $3,000 after deposits and profits were withheld, while an older complaint describes more than $5,000 remaining inaccessible. The recurring allegation is that account balances were reduced or removed when withdrawal was requested. These are customer reports, not findings by ASIC, the Seychelles FSA or a court.
Which INGOT License Covers the Account?
INGOT Brokers holds an ASIC market-making license in Australia and a Seychelles Financial Services Authority derivatives license. Independent reviewers report that many international clients are onboarded through the Seychelles entity rather than the Australian company.
That distinction affects complaint handling, conduct rules and available remedies. A broker's group-level marketing may mention a strong license even when the customer agreement assigns the account to a different, offshore entity.
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Read the legal entity, not the logo
Thirteen severe complaints in three months warrant caution. Before depositing, traders should identify the contracting entity and test a small withdrawal.
About INGOT Brokers
INGOT Brokers is an international forex and CFD group offering currencies, commodities, indices and shares through Australian and Seychelles entities.
Frequently Asked Questions
Is INGOT Brokers regulated?
Yes. Group entities hold ASIC and Seychelles FSA licenses, but protection depends on which entity carries the account.
How many severe complaints were recorded?
Independent monitoring logged 13 severe complaints in a three-month period, many involving withdrawals or disputed profits.
What happened in the $3,200 case?
A Pakistani trader alleges that a $250 deposit generated $3,200 before only $179 was paid out.
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