Ngel Partners
Pros and Cons
Pros
- Regulated by Labuan FSA in Malaysia
- Diverse trading instruments: Forex, indices, commodities, cryptocurrencies, metals
- Trading platform: MT5 with full license
- Maximum leverage of up to 1:200
- Demo account available for practice trading
Cons
- Not regulated by major authorities like FCA or ASIC
- High minimum deposit requirement of $200
- Withdrawal fees apply
- Limited educational resources for traders
- Slow customer support response times reported
Basic Information
User Reviews
Ngel Partners Overview
Ngel Partners is a forex broker founded in 2019 and headquartered in Labuan, Malaysia. The brokerage operates under the regulation of the Labuan Financial Services Authority (Labuan FSA), holding a license number MB/20/0048. This regulatory oversight ensures that Ngel Partners adheres to specific standards, providing a level of trust and credibility for traders looking to engage in the forex market. With a commitment to transparency and secure trading practices, Ngel Partners aims to create a reliable trading environment for its clients.
Is Ngel Partners Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Labuan Financial Services Authority (Labuan FSA) | Malaysia | Segregated Funds |
Is Ngel Partners Regulated and How Are Client Funds Protected?
Ngel Partners is regulated by the Labuan Financial Services Authority (Labuan FSA) in Malaysia, holding a Straight Through Processing (STP) license (License No. MB/20/0048). Client funds are protected through the implementation of segregated accounts, ensuring that client funds are kept separate from the broker’s operational funds. This regulatory oversight helps maintain a level of transparency and safety for traders. However, it is important to note that while Ngel Partners is regulated, it may not be under the purview of more recognized financial authorities, which could raise concerns for some investors regarding the robustness of investor protection mechanisms in place. As such, traders should consider the nature of the regulatory environment and weigh the benefits and risks associated with trading through Ngel Partners.
Trading Products and Services
What trading instruments does Ngel Partners offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Ngel Partners offers a diverse range of trading instruments across multiple asset categories, making it an attractive platform for various traders. With options in Forex, commodities, indices, stocks, and cryptocurrencies, traders can tailor their investment strategies to suit their risk tolerance and preferences. Beginners can benefit from the broad educational resources available, while more experienced traders will appreciate the advanced tools and diverse market coverage that support technical analysis and strategic trading.
The extensive selection of tradable products allows for effective portfolio diversification, enabling users to mitigate risk while pursuing their financial goals. By providing access to multiple asset classes, Ngel Partners empowers traders to adapt to changing market conditions and implement flexible trading strategies, thereby enhancing their overall investment experience.
Account Types and Trading Conditions
What Account Types and Fees Does Ngel Partners Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to various trading instruments with low spreads | Minimum deposit of $200 |
| Professional Account | Experienced traders | Higher leverage and tighter spreads | Requires proof of trading experience and capital |
| Corporate Account | Corporate clients | Customizable trading solutions and services | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free trading | Compliant with Sharia law | Available upon request |
| Demo Account | All traders for practice | Risk-free trading environment with virtual funds | No minimum deposit required |
Account Opening Process
To open an account with Ngel Partners, follow these straightforward steps: First, complete the online registration form, providing personal information such as your name, email address, and phone number. Next, submit your employment details and financial information to assess your trading experience and risk profile. Identity verification is crucial, so ensure you upload required documents like a government-issued ID and proof of address. The process is designed to be flexible, allowing you to upgrade from a retail to a professional account later if you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads |
| CFDs (US Stocks) | 1.5 | $0 | Access to major US stocks |
| CFDs (Commodities) | 2.0 | $0 | Includes gold and oil |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
In addition to trading fees, Ngel Partners may charge other costs such as deposit and withdrawal fees, which can vary depending on the payment method used. There may also be inactivity fees if no trading activity occurs over a specified duration. Platform usage fees apply only to certain advanced features, while overnight interest (swap rates) may be applicable for positions held overnight. Lastly, currency conversion fees could be incurred when trading with accounts in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Ngel Partners Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | Any device with internet access | Encrypted login, symbol lookup, price alerts, economic calendar | API interface |
| Mobile App | iOS, Android | Biometric login, one-click trading, push notifications, market search | Demo account |
Each platform offered by Ngel Partners has its unique advantages. The MT4/MT5 platforms cater well to experienced traders with advanced tools for market analysis and automated trading. The web version allows users to access trading functionalities from any device without the need for installation, while the mobile app provides flexibility for trading on the go with essential features for secure logins and real-time alerts. Overall, Ngel Partners emphasizes mobile trading, ensuring secure access, quick order execution, and useful search tools across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee, 0.5% for transfers under €1,000 | Min €100, Max €50,000/day | EUR, USD |
| GrabPay | Instant | No fees | Min $10, Max $5,000/day | USD, SGD |
| SPEI | Instant | No platform fee, 1% for amounts over $5,000 | Min $50, Max $20,000/day | MXN, USD |
| Credit/Debit Card | Instant | No fees | Min $20, Max $10,000/day | USD, EUR |
Minimum Deposit
The minimum deposit requirement for Ngel Partners is $250. This amount is consistent across all payment methods and account types, allowing for a straightforward entry point for all clients.
How to Withdraw
To withdraw funds from your Ngel Partners account, follow these steps:
- Log in to your Ngel Partners account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal details and submit the request.
- You will receive a confirmation email once your withdrawal is processed.
Customer Support
Ngel Partners Customer Support Overview
Support Channels
Ngel Partners offers a variety of support channels to assist customers effectively. Clients can reach out via:
- Email: Send inquiries or concerns to support@ngelpartners.com.
- Live Chat: Access instant support through the live chat feature on their website.
- Telephone: Call their customer service at +60 087504220 for direct assistance.
- Social Media: Follow Ngel Partners on platforms like Facebook and Twitter for updates and support.
Service Availability
Ngel Partners provides customer service availability from 24/5, ensuring support during weekdays. They also offer multilingual support in English and Malay, making it easier for a diverse clientele to seek help.
Additional Resources
Ngel Partners enhances customer experience with valuable resources, including:
- Video tutorials that guide users through the trading platform.
- Webinars on various trading strategies and market analysis.
- Regular market analysis to keep traders informed about market trends.
- Trading signals to assist clients in making informed trading decisions.
Frequently Asked Questions
Yes, Ngel Partners is regulated by the Labuan Financial Services Authority (Labuan FSA) in Malaysia, with a license number of MB/20/0048. This regulation means that the broker adheres to specific operational standards and practices, ensuring a certain level of protection for clients’ funds and promoting fair trading conditions.
Ngel Partners offers competitive trading conditions, including a minimum deposit of $200, leverage up to 1:200, and spreads starting from 1.5 to 2.5 pips on standard accounts. Clients can trade a variety of instruments, including Forex, indices, commodities, cryptocurrencies, and metals through the MT5 trading platform.
Ngel Partners takes fund security seriously by maintaining client funds in segregated accounts, which protects them from being used for operational purposes. Additionally, the broker employs advanced encryption and security measures to safeguard personal and financial information during transactions.
Users generally find the Ngel Partners trading platform user-friendly, particularly the MT5 interface, which offers advanced tools and features for analysis and trading. While some clients have noted room for improvement in website functionality, overall feedback indicates a satisfactory experience with customer support and the registration process.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.