Ngel Partners
Basic Information
Pros and Cons
Pros
- User-friendly trading platform
- Excellent customer support
- Diverse range of trading instruments
- Demo accounts available
- No deposit fees
Cons
- High minimum deposit of $200
- Withdrawal fees may apply
- Not regulated by major authorities
- Mixed reviews on withdrawal processes
- Transparency concerns reported
Is Ngel Partners Safe and Legit?
Ngel Partners PTE. LTD. is a brokerage registered in Labuan, Malaysia, established in 2019, with 5-10 years of operational experience. They offer trading in forex, indices, commodities, cryptocurrencies, and metals on the MT5 platform, with a minimum deposit of $200 and leverage up to 1:200. Spreads range from 1.5 to 2.5 pips for standard accounts.
The broker operates under the regulation of the Labuan Financial Services Authority (Labuan FSA), which provides a level of oversight; however, it is not regulated by major authorities such as the FCA or ASIC, raising concerns about safety and legality for potential traders.
Ngel Partners has received mixed reviews in the market, with users praising their user-friendly platform and customer service but expressing concerns over withdrawal processes and overall regulatory status. While some users report a positive trading experience, others highlight issues related to transparency and withdrawal fees, indicating a cautious approach is advisable for prospective clients.
Is Ngel Partners a Regulated Broker?
What Are the Regulatory Licenses Held by Ngel Partners?
Ngel Partners PTE. LTD. operates under the regulation of the Labuan Financial Services Authority (Labuan FSA) in Malaysia. While it holds this offshore license, it is not regulated by major authorities such as the FCA or ASIC. This limited regulatory oversight raises concerns regarding safety and legality for potential traders. Prospective clients should be cautious due to the broker’s mixed reviews and the nature of its regulatory status, as it may impact their trading experience and security of funds.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Ngel Partners PTE. LTD. holds client funds in independently regulated bank accounts that are separate from the broker’s own assets. This segregation is in compliance with the guidelines set forth by the Labuan Financial Services Authority, ensuring a degree of protection for traders’ capital.
Ngel Partners Leverage
Ngel Partners offers a maximum leverage of up to 1:200 across standard accounts, which complies with the legal limits established by the Labuan Financial Services Authority. Retail clients can access this leverage, while professional clients may have different configurations based on their classification and trading experience.
Ngel Partners Withdrawal Review
How to Contact Ngel Partners?
Does Ngel Partners Have Withdrawal Issues?
Ngel Partners has received mixed reviews regarding withdrawal processes, with some users reporting difficulties and delays. Common complaints include issues related to withdrawal fees and transparency. Credible sources of complaints mainly come from user forums and review sites, indicating a cautious sentiment among traders. While some clients report satisfactory experiences, others highlight repetitive concerns regarding withdrawals. There are no significant public complaints or regulatory penalties noted against the broker, but potential clients should remain aware of the mixed feedback regarding their withdrawal practices, reflecting a need for diligence in trading with Ngel Partners.
Frequently Asked Questions
A1: Ngel Partners PTE. LTD. operates under the regulation of the Labuan Financial Services Authority (Labuan FSA) in Malaysia, which provides some level of oversight. However, it is not regulated by major authorities like the FCA or ASIC, which raises concerns about its safety and legitimacy for potential traders. Caution is advised when considering this broker due to mixed reviews from users.
A2: Ngel Partners PTE. LTD. is regulated by the Labuan Financial Services Authority (Labuan FSA) in Malaysia. While it holds this offshore license, it is important to note that it is not regulated by significant authorities such as the FCA or ASIC, which may impact the security and reliability perceived by traders.
A3: Ngel Partners PTE. LTD. holds client funds in independently regulated bank accounts, separate from the broker’s own assets, in compliance with Labuan FSA guidelines. This segregation of funds is designed to offer a degree of protection for traders’ capital.
A4: Ngel Partners has received mixed feedback regarding its withdrawal processes, with some users reporting difficulties and delays. Common concerns include withdrawal fees and a lack of transparency, suggesting that potential clients should approach this aspect with caution.
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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.