General Information & Regulation
Ngel Partners Pte. Ltd. is a company that strives to provide services in the foreign exchange (FX), headquartered in Labuan, Malaysia. Ngel Partners acquired the official license for Money broking at the Labuan FSA in Malaysia in 2019. Ngel Partners is currently focusing on servicing tradings on cryptocurrencies to many users around the world including Asia, North America, Europe, and Southeast Asia.
Market Instruments
Tradable financial assets on Ngel Partners include currency pairs, CFD/indices, cryptocurrency. The variety of market instruments available on the Ngel Partners platform is average overall.
Ngel Partners Minimum Deposit
Ngel Partners offers traders two account options: the Standard account (deposit from US$200) and the ECN account (deposit from US$2,000). Ngel Partners' requiring an intial deposit of $200 sounds pretty reasonable for most regular traders to get started.
Ngel Partners Leverage
Ngel Partners leverage ratio is applied at a fixed rate of 200:1 at the initial stage of an opened account. If traders want to change the leverage rate, they need to contact this brokers customer center. Margin and leverage are concepts that go hand-in-hand in currency trading. Margin is expressed as the percentage of position size (e.g. 5% or 1%).On a 1% margin, for instance, a position of $1,000,000 will require a deposit of $10,000. Actual required Margin would change by leverage Level.
Spreads & Commissions
Ngel Partners website display its real-time spreads, the spread on EURUSD from 1.1 pips, which is quite in line with the industry standard. For more detailed spread information, pls look through the website. The Standard accouts requires no commissions and the ECN accounts requires a commission of 0.5 pips per side.
Trading Platform
Ngel Partners gives traders three trading platform options, MT4, Ngelpartners UMAM systems and social trading. MT4 trading platform has long been considered the industry standard for Forex traders across the globe, available for windows and mobile devices.
Ngelpartners UMAM systems link investors with fund managers, allowing the fund managers to set up UMAM accounts and see the investors' status. Investors can check the fund's performance on a real time basis. Social trading copy deals from more experienced traders.
Deposit & Withdrawal
Ngel Partners provides Bitcoin, Ethereum, Bank wire and Neteller methods as deposit methods for cryptocurrency margin trading.
Customer Support
Ngel Partners offers a help center to help trader when encountering problem during their trading. And traders can via real-time chat and e-mail to contact this broker.
