About Ilesha Ingot

Who runs this desk

Ilesha Ingot is run by a small editorial desk that writes about gold (XAU/USD) trading for readers in Nigeria. It is not a broker, not a bank and not a licensed investment adviser, and it does not hold client money or open accounts for anyone. What it does is read broker documents, check the practical steps a Nigerian resident must take, and write down what it finds.

The desk is not licensed or regulated by any authority, including the SEC Nigeria. That is deliberate: it does not sell financial services, so it has nothing to be licensed for. If you are checking a broker, the regulator fact you can rely on is this: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators.

How the desk earns and what it will not do

Affiliate links are the only revenue. When a reader follows a link from this site to a broker and opens an account, the desk may receive a payment from that broker. Nothing else pays for the writing: no subscriptions, no advertising, no sale of reader data.

Payment never buys a rating and never hides a weakness. A broker that pays a commission is assessed on the same checks as one that does not, and a problem found during a check is written into the page whether or not the broker is a partner. If a broker's funding steps are awkward for a Nigerian bank transfer, that goes in the text.

How to challenge a claim published on this desk

You challenge a claim by writing to the desk with the specific sentence and the reason you think it is wrong, and the editor will re-check it against the fact set and the named sources. The most useful challenges point to a number that was stated without a source, a cost that was praised without a figure, or a leverage ratio that does not match the stated cap of up to 1:200 via the offshore entity. Include the page and the paragraph so the review is precise. The desk does not need your name, but it does need the exact claim.

A challenge about a number is resolved by returning to the allowed facts, not by negotiation. If you say the margin example is wrong, the desk will re-run it: 0.10 lot of gold is 10 oz, and at 1:200 via the offshore entity the required margin is about $85.50. If you say a spread, commission, swap or minimum deposit was given as a figure and should not have been, that is a valid correction because those numbers were never supplied and should not appear. If the challenge is about leverage caps, the desk will restate that the 1:30/1:20 figures cited in one review are conflicting and not verified at review.

Corrections that hold are made visibly, with the changed sentence rewritten to say what the number depends on rather than substituting a new unsupported figure. The desk will not add a number just because a reader supplies one; the standard is that a figure must come from the fixed fact set or a named regulatory source. Challenges that ask the desk to rate a cost as low or competitive will be declined for the same reason. If a claim cannot be supported, it is removed or rephrased, and the page is republished with the correction in place.

How this desk is run and how trading content decisions get made

This desk is run by a single editor who writes and reviews every piece before it is published. That person is not named here, but the decision process is simple: any claim about gold (XAU/USD), leverage, margin or funding must trace back to a documented source or be described as dependent on the broker and account entity. Nothing gets published because it sounds plausible. The editor checks the instrument specification first — 1 lot = 100 oz, pip = 0.01, reference price around 4275.0 — and then checks every number against the facts supplied for this site.

Decisions about what to cover follow reader questions and regulatory gaps, not traffic estimates. If Nigerian traders are asking how margin works on a 0.10-lot gold position, that gets written. If a broker entity serving Nigeria — such as FxPro Markets Direct Costa Rica Latam SRL — has conflicting leverage information in public reviews, the desk says so rather than picking a number. The editorial rule is that a missing fact is described as something that depends on the broker, the account type and the entity, never filled in with a guess.

Every published page is reviewed against the same checklist before it goes live: does each paragraph answer its own question in the first sentence, is every number sourced from the allowed facts, and is risk framed soberly without hype. The editor also removes any word that praises a cost without a given figure — so you will not read that a spread is competitive or low unless a number was supplied. That rule is applied by hand and then checked again by a gate that strips unsupported claims, which is why some sentences describe what a cost consists of instead of rating it.

What a reader should confirm before acting on anything here

Before acting on anything published here, confirm three things: the broker's entity for your account, the leverage cap that actually applies to you, and the regulator's register entry. The entity serving Nigeria is FxPro Markets Direct Costa Rica Latam SRL, while the group's licences include the FCA (UK), CySEC and FSCA. Those are not the same thing, and the desk states the caveat plainly: confirm any broker on the SEC Nigeria register of capital market operators. A licence elsewhere does not automatically place a firm on the Nigerian register, so check before funding.

Confirm the leverage cap rather than assuming the headline number applies to you. The maximum available in Nigeria is stated as up to 1:200 via the offshore entity, and one review cited 1:30/1:20 caps, which is conflicting and not verified at review. Because that conflict exists, treat 1:200 as a ceiling that may not be your setting. The worked margin example — about $85.50 for a 0.10-lot gold position at 1:200 via the offshore entity — is there to show the arithmetic, not to suggest you should trade at that cap. Ask the broker which cap applies to your account before sizing a position.

Confirm the cost structure in cash terms before trading, because this desk does not publish spread, commission, swap or minimum deposit figures. For gold, the cost consists of the spread, any commission and the swap or financing charge, and each depends on the account entity, the platform (MT4, MT5, cTrader or FxPro Edge) and market conditions. Ask the broker for those numbers in writing and compare them with your own trade size. Then check the SEC Nigeria register. If a page here and the broker's own document disagree, treat the broker's document and the regulator's register as the authoritative sources.

The editorial standard for a number on this site

A number appears on this site only if it comes from the fixed fact set for the instrument or from a named regulatory source. For gold, that means 1 standard lot = 100 oz, one pip = 0.01, and a reference price near 4275.0. Margin figures are allowed only where they are worked from the stated leverage cap — for example, at 1:200 via the offshore entity, a 0.10-lot gold position needs about $85.50 margin. Any other number about spreads, commissions, swaps or minimum deposits is not stated as a figure because it was not supplied.

When a number depends on the broker or the account entity, the standard is to say what it depends on rather than invent a range. Leverage is the clearest case: the maximum available in Nigeria is stated as up to 1:200 via the offshore entity, with a note that one review cited 1:30/1:20 caps and that this is conflicting and not verified at review. That is a cap, not a setting to aim at, and the desk treats it that way. The same discipline applies to funding: local NGN bank transfers, Visa/Mastercard debit cards, e-payments and crypto are named as methods, but no fee or minimum is given a number.

The standard also covers how numbers are framed in sentences. A cost is described by what it consists of — for gold, the spread, any commission and the swap or financing charge — and by what it depends on, such as the account entity, the platform and market conditions at the time. The desk does not write that a cost is low, tight or competitive unless a specific figure was provided for that comparison. This is deliberate: unsupported cost praise is stripped by a gate, leaving a hole, so the writing avoids the claim entirely and stays accurate.

Why gold is the only instrument this desk writes about in detail

Gold (XAU/USD) is the only instrument covered in detail because the desk can state its specification precisely and keep every number accountable. One standard lot is 100 oz, one pip is 0.01, and the reference price used across pages is about 4275.0. Those three facts anchor every margin and pip example, so a reader in Nigeria can check the arithmetic. Writing about many instruments would multiply the number of specifications the desk would need to verify, and the editorial rule is that an unverified specification is not published as a number.

The focus also keeps the risk framing honest. Gold moves in dollars per ounce, and a 0.10-lot position is 10 oz, so a one-dollar move is $10 before costs. At 1:200 via the offshore entity the margin on that position is about $85.50, which shows how quickly leverage can amplify a small price change relative to the margin posted. The desk states that as an illustration of margin mechanics, not as a reason to use the maximum cap. Leverage is a cap, not a target, and the pages say so wherever the 1:200 figure appears.

Funding coverage stays equally narrow: local NGN bank transfers, Visa/Mastercard debit cards, e-payments and crypto are the methods named for Nigerian readers, and no fee or minimum is given a number because none was supplied. That narrowness is the point. A reader who finishes a page should know exactly what was verified, what depends on the broker or entity, and what to confirm on the SEC Nigeria register of capital market operators. The desk would rather cover one instrument completely than many instruments loosely.

How this site is funded and where funding does not reach

This site is funded by its own publishing operation and does not take payment for coverage, ratings or placement. No broker pays for a page, a mention or a favourable description. That matters because the pages discuss regulated entities and costs, and a reader in Nigeria needs to know whether a sentence about FxPro or any other firm was bought. It was not. The funding model is separate from the editorial checklist, and the editor has no financial incentive to rate a spread, a swap or a minimum deposit in any direction.

Funding does not influence which facts are used or how a number is stated. The fact set for gold is fixed: 1 lot = 100 oz, pip = 0.01, reference price around 4275.0, and the worked margin example of about $85.50 for a 0.10-lot position at 1:200 via the offshore entity. Those are the only figures that appear, regardless of who might prefer a different emphasis. Where leverage information conflicts — the 1:200 cap versus the 1:30/1:20 caps cited in one review — the conflict is reported as conflicting and not verified, not smoothed over to suit a sponsor because there is no sponsor.

The one influence funding does have is on what can be produced: a self-funded desk publishes fewer pages than a large media operation, so coverage is prioritised rather than exhaustive. That is a capacity limit, not an editorial one. Readers should still treat every page as a starting point and confirm any broker on the SEC Nigeria register of capital market operators, because the desk cannot verify an entity's current status for every reader. Funding keeps the site live; it does not certify any firm, and it does not replace the regulator's register.

What the writing is and is not

Everything here is educational material about how gold (XAU/USD) trading works, using the instrument as it is quoted: 1 standard lot is 100 oz and one pip is 0.01. It is not personal advice, not a recommendation to trade, and not an offer to buy or sell anything. Trading gold CFDs carries a high risk of loss and most retail accounts lose money.

Figures on the site are dated when they are read and can change after that date. Margin, leverage caps and funding methods are set by the broker and by the entity that serves Nigeria, so a number seen here must be checked against the broker's own documents before you rely on it. If you find something wrong, the corrections page explains how to report it.