Score
Ngel Partners
Malaysia|5-10 years| https://www.ngelpartners.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Licensed Institution：Ngel Partners Pte. Ltd.
License No.：MB/20/0048
Basic information
Malaysia
5-10 years Regulated in Malaysia Straight Through Processing(STP) MT5 Full License Regional Brokers
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
ngelpartners.com
Server Location
United States
Website Domain Name
ngelpartners.com
Server IP
104.238.183.215
Company Summary
| Ngel Partners Review Summary | |
| Founded | 2019-03-05 |
| Registered Country/Region | Malaysia |
| Regulation | Regulated |
| Market Instruments | Forex/Indices/Metals/Commodities/Cryptocurrency |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 0.5 pips |
| Trading Platform | MT5(Windows/Android/iOS) |
| Min Deposit | $200 |
| Customer Support | Email: support@ngelpartners.com |
| Phone: +60 087504220 | |
| Live chat | |
Ngel Partners Information
Ngel Partners Pte. Ltd. strives to provide transparent and finance services in the foreign exchange market. The tradable instruments include forex, indices, metals, commodities, and cryptocurrency. It also offers standard and ECN accounts with a maximum leverage of 1:200. The minimum spread is from 0.5 pips and the minimum deposit is $200.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:200 | Negative comments about difficulty in withdrawal and deposit |
| 24/7 customer support | Island account unavailable |
| Regulated | |
| Spread from 0.5 pips | |
| Demo account available | |
| Various tradable instruments | |
| MT5 available |
Is Ngel Partners Legit?
Ngel Partners is regulated by LFSA with license number MB/20/0048, which is much safer than unregulated brokers.
What Can I Trade with Ngel Partners?
Ngel Partners offers 90+ market instruments, including forex(70+ Currency Pairs), indices, metals, commodities, and cryptocurrency.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Cryptocurrency | ✔ |
| Stocks | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Ngel Partners has two account types: standard and ECN. Traders who want low spreads can choose an ECN account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.
| Account Type | Standard | ECN |
| Minimum Deposit | $200 | $10000 |
| Spread | From 1.5~2.5 pips | From 0.5~1.0 pips |
| Max Leverage | 1:200 | 1:200 |
| Commission | $0 | One way 0.5 pips |
Ngel Partners Fees
The spread starts from 0.5 pipsand the commission is from $0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.
Trading Platform
Ngel Partners cooperates with the authoritative MT5 trading platform available in Windows, Android, and iOS to trade. Traders with rich experience are more suitable for using MT5. MT5 provides various trading strategies and implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows/Android/iOS | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $200. Ngel Partners accepts Skrill, Visa, MasterCard, Fasapay, Bank Wire Transfer, Bitcoin, UnionPay, and Neteller for deposit and withdrawal. The deposit processing time is up to 2 to 3 business days and associated fees are 0%. The withdrawal processing time is up to 3 to 5 business days and related fees are 1%.
| Funding Methods (Deposit) | Fee | Processing Time | Minimum | Maximum |
| Bank Wire | 0% | 2~3 business days | $300 | No limit |
| Neteller | None | 6 hours | $200 | $1000 |
| Bitcoin | 0% | 1~2 hours | 0.01 BTC | No limit |
| Ethereum | 0% | 1~2 hours | 0.01 ETH | No limit |
| Tether | 0% | 1~2 hours | 200 USDT | No limit |
| Funding Methods (Withdrawal) | Fee | Processing Time | Minimum |
| Bank Wire | 1% | 3~5 business days | $300 |
| Neteller | 1% | 1~2 business days | $200 |
| Bitcoin | 1% | 1~2 hours | 0.01 BTC |
| Ethereum | 1% | 1~2 hours | 0.01 ETH |
| Tether | 1% | 1~2 hours | 200 USDT |
Keywords
- 5-10 years
- Regulated in Malaysia
- Straight Through Processing(STP)
- MT5 Full License
- Regional Brokers
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HurtD
Hong Kong
I deposited $500 on May 11, 2021 for 0.0086 bitcoin. (Handling fees included). The highest price that day was under 57,000. I applied for withdrawal of $490 on May 15, 2021 and I received 0.00775123 bitcoin. In the end, I lost over $150
Exposure
2021-05-17
FX1421744036
Singapore
However, Ngel Partners falls short in terms of regulation, as it is not regulated by major financial authorities like FCA or ASIC. This could be a cause of concern for traders who prioritize a regulated trading environment. Furthermore, the website could use some improvements to enhance its user experience and functionality.
Neutral
2023-04-04
FX1421744036
Singapore
Ngel Partners is a reliable trading company that offers a variety of trading products. I would rate it as a neutral broker with some strengths and weaknesses. One of the strengths of Ngel Partners is its diverse range of trading products, which allows traders to choose from various assets to invest in. The trading conditions are also favorable, with low spreads and high leverage available. Additionally, Ngel Partners provides clients with excellent customer service and fast response times.
Neutral
2023-04-04
FX1140945768
Singapore
Even though Ngel Partners has a regulatory license, I still saw people being scammed. There are too many scammers in the foreign exchange industry. We must be vigilant!
Neutral
2022-12-12
95490
Nigeria
Pretty user-friendly trading platform. Support is solid and the registration process is straightforward.
Positive
2024-08-14