Company Summary
| Ngel Partners Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Malaysia |
| Regulation | Labuan FSA |
| Market Instruments | Forex, Indices, Commodities, Cryptocurrencies, Metals |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 1.5-2.5 pips (Standard account) |
| Trading Platform | MT5 |
| Minimum Deposit | $200 |
| Customer Support | Tel: +60 087504220 |
| Email: support@ngelpartners.com | |
Ngel Partners Information
Ngel Partners is a brokerage regulated by Labuan FSA in Malaysia, offering trading in forex, indices, commodities, cryptocurrencies, and metals via the MT5 platform with a minimum deposit of $200 and leverage up to 1:200.
Pros and Cons
| Pros | Cons |
| MT5 available | High minimum deposit |
| Regulated by Labuan FSA | Withdrawal fees charged |
| Various trading instruments | |
| Popular payment options | |
| Demo accounts available | |
| No deposit fees |
Is Ngel Partners Legit?
Ngel Partners has a Straight Through Processing (STP) license regulated by Labuan Financial Services Authority (Labuan FSA) in Malaysia with a license number of MB/20/0048.
| Regulated Authority | Current Status | Regulated Country | Licensed Entity | License Type | License No. |
| Labuan Financial Services Authority (Labuan FSA) | Regulated | Malaysia | Ngel Partners Pte. Ltd. | Straight Through Processing (STP) | MB/20/0048 |
What Can I Trade on Ngel Partners?
Ngel Partners offers diverse trading options including Forex, Indices, Commodities, Cryptocurrencies, and Metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type & Leverage & Fees
Ngel Partners offers two main account types: Standard and ECN. A free demo account is also provided.
| Account Type | Standard Account | ECN Account |
| Minimum Deposit | US $200 | US $10,000 |
| Maximum Leverage | 1:200 | |
| Spread from | 1.5~2.5 pips | 0.5~1.0 pips |
| Commission | $0 | One way 0.5 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Android, iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Time |
| Bank Wire | $300 | 0 | 2-3 business days |
| Neteller | $200 | 6 hours | |
| Bitcoin | 0.01 BTC | 1-2 hours | |
| Ethereum | 0.01 ETH | ||
| USDT (ERC20) | 200 USDT | ||
| USDT (TRC20) |
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Bank Wire | $300 | 1% (Min. $20 & up to $100 or less) | 3-5 business days |
| Neteller | $200 | 1-2 business days | |
| Bitcoin | 0.01 BTC | 1-2 hours | |
| Ethereum | 0.01 ETH | ||
| USDT (ERC20) | 200 USDT | ||
| USDT (TRC20) |
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
95490
Nigeria
Pretty user-friendly trading platform. Support is solid and the registration process is straightforward.
Positive
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
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
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