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Licence record

NGEL PARTNERS: LFSA licence MB/20/0048

Wikilix check
Limited
Issuing authority
Labuan Financial Services Authority
Jurisdiction
Malaysia
Last checked
Oct 13, 2026

This is Wikilix's record of a licence issued by Labuan Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Oct 28, 2026

Licence Verification Record

Labuan Financial Services Authority MB/20/0048

Wikilix read the LFSA register on Oct 13, 2026. This is what it said.

Holder
Ngel Partners PTE. LTD
Issuing authority
Labuan Financial Services Authority
Jurisdiction
Malaysia
Register status
Active

Checked Oct 13, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/ngel-partners/licenses/labuan-financial-services-authority/mb-20-0048Fields on file 6 / 11

Open NGEL PARTNERSAll NGEL PARTNERS licencesAbout LFSA
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Malaysia
Last checked
Oct 13, 2026
Register says
Active

Finding

A money-broking licence issued under Labuan's financial services law. It permits the holder to arrange and transmit currency transactions as an intermediary for commission, and licence records classify this category as a transmission authorisation. It is not a dealing or market-making licence, and Labuan carries no investor compensation scheme. Client protection: Low. No compensation scheme and no deposit guarantee. The regulator can act against the licensee, but a client whose funds went missing would rank as an ordinary creditor.

The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
MB/20/0048
Register status
Active
The authority

About LFSA

Labuan Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Malaysia.

Full name
Labuan Financial Services Authority
Jurisdiction
Malaysia
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
1996
Oversight
A government or statutory body
Firms we track under it
44 firms
Regulates
Forex, Bond, Stocks, Fund, Derivatives, Commodity, Loan, Securities, Futures
Licences it issues
Money Broking (intermediary only, arranging/negotiating)
Typical cost of a licence
Paid-up capital MYR 500,000; annual fee USD 1,500
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

LFSA's own rules for the firms it authorises.

  • Compensation schemeDeposit insurance up to RM 100,000 per depositor
  • Client money kept separate
  • Complaints routeLabuan FSA complaints channel
  • Maximum leverage1:96
This describes the authority's regime, not how NGEL PARTNERS applies it.
The holder

Who holds this licence

The licence above is recorded against NGEL PARTNERS. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Ngel Partners PTE. LTD
Based in
Malaysia
Operating
5-10 years
Wikilix score
27.3the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Ngel PartnersMalaysia · Reg. LL16146
  • NGEL PARTNERS PTE. LTD.Singapore · Reg. 201908964W · Mar 19, 2019
  • NGEL PARTNERS PTE. LTD.Malaysia · Reg. 201908964W · Mar 19, 2019
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

Ngel Partners quotes around 70 forex pairs. The broker does not publish counts for its other instrument classes, so WIKILIX does not state a figure for them.

WIKILIX has not found Ngel Partners to be fraudulent, and it has not been able to confirm the broker's licence either. What is on record is that no regulator has been confirmed for it, that one of the companies recorded against the brand is shown as dissolved, and that every withdrawal carries a 1 percent fee with a 20 USD minimum.

Those are grounds for caution rather than a finding of fraud.

Ngel Partners publishes one phone number, +60 087504220, and one email address, support@ngelpartners.com. Live chat is offered during business hours, and the broker runs a on its own site.

Its customer consultation centre is open on weekdays from 09:00 to 18:00 GMT+8 and closed at weekends and on public holidays. Support is in English.

Ngel Partners offers two live account types. The Standard Account opens from 200 USD and charges no commission, with spreads quoted as variable, and the ECN Account opens from 10,000 USD and charges 0.5 pips one way.

Both tiers cap leverage at 1:200.

It depends on the method. Bank wire withdrawals are quoted at three to five business days, Neteller at one to two business days, and the four crypto routes at one to two hours.

The minimum withdrawal is 300 USD by bank wire, 200 USD by Neteller, 200 USDT on either USDT network, and 0.01 BTC or 0.01 ETH on the two coin routes.

Ngel Partners charges 1 percent on withdrawals, with a minimum of 20 USD and a cap of 100 USD, and that applies to every method it offers. Deposits are advertised at no charge.

Crypto withdrawals carry two extra conditions: they are processed on weekdays only, and withdrawing in crypto requires having deposited in crypto. Crypto amounts are converted at the market price at the time of remittance, so the sum paid out can differ from the sum requested.

Ngel Partners has been operating since 2019, which places it in the five to ten year band. The company registration associated with the brand is dated 19 March 2019.

Two company names sit behind the Ngel Partners brand: Ngel Partners, registered in Labuan, Malaysia under number LL16146, and NGEL PARTNERS PTE. LTD., number 201908964W, incorporated on 19 March 2019.

Number 201908964W appears on the record twice, once as an active Malaysian entry and once as a Singapore entry recorded as dissolved. Neither company has been confirmed against an official corporate registry, so the corporate structure behind the brand should be treated as unconfirmed.

According to WIKILIX data, Ngel Partners offers a maximum leverage of 200:1. This leverage level applies to their trading accounts, including ECN accounts, which have variable spreads and commission fees.
The minimum deposit amount to open an account with Ngel Partners is generally $200 USD, depending on the funding method. For example, bank wire transfers require a minimum deposit of $300 USD, while cryptocurrency deposits can be as low as 0.01 units.
Ngel Partners offers several funding methods including bank wire transfer, Neteller, Bitcoin, Ethereum, and USDT (ERC20 and TRC20). Deposit minimums vary by method, starting from as low as 0.01 units for cryptocurrencies and $200 for e-wallets, with withdrawal fees typically set at 1%.

Ngel Partners offers MetaTrader 5, and it is the only platform on record for the broker. It runs on the broker's own NgelPartnersPteLtd server and is available as a Windows download and for macOS, the web browser, Android and iOS, with Expert Advisor support.

No regulator has been confirmed for Ngel Partners. The broker displays licence number MB/20/0048 on its own website, but that claim is not confirmed on the issuing authority's own register. WIKILIX therefore treats it as a claim, not a licence in force, and classes the broker as offshore.

The company registration the broker publishes, number LL16146 in Labuan, Malaysia, is a corporate registration. It shows that a company exists and is not financial regulation.

Licence MB/20/0048 was issued by Labuan Financial Services Authority (LFSA), the financial authority for Malaysia.
NGEL PARTNERS holds this LFSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the LFSA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates LFSA tier 3. Supervision is lighter-touch and client protections vary.
This page links straight to the LFSA register. Search it for MB/20/0048, and for the name NGEL PARTNERS rather than the trading brand.
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