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IS6FX
IS6FX is a Forex broker established in 2016 under the brand name, is6com. In October 2020, it was acquired by TEC World Group and the brand name was changed to IS6FX. It used to operate without a financial license, but due to the acquisition, it's now able to be supervised by St. Vincent and the Grenadines (SVGFSA).
Despite being a new broker, its services have been evolving with the "Super 3 Major Evolution" carried out in 2023. The features of IS6FX are leverage that can be set up to 1:1,000 and the deposit bonus that is offered frequently. Campaigns including the deposit bonus and the account opening bonus are constantly held to let users trade with high capital efficiency.
The account types available to anyone are Standard, Micro, and EX accounts for MetaTrader4 (MT4), and for MetaTrader5 (MT5), the Kureptor account is also available.
In the Micro account, 1 lot is a hundredth of a standard lot for forex pairs. Even with the minimum trade size 5 times that of the Standard account, you can trade with as small as 50 units of currency to mitigate risk. Meanwhile, in terms of trading conditions, the Standard account has an advantage. The spread is USD/JPY 1.6pips and EUR/USD 1.7pips for the Standard account, while USD/JPY 2.0pips and EUR/USD 2.0pips for the Micro account. The Micro account is not eligible for campaigns and bonuses either.
The EX account stands out for allowing bonus withdrawal. As bonuses are converted to cash through trades, it depends on your trading skills whether or not you can take advantage of this account.
The Kureptor account is a dedicated account for cryptocurrency trading with MT5. This is the only account type at IS6FX that allows you to trade cryptocurrencies, offering 71 pairs and a maximum leverage of 1:1,000. This excellent lineup and leverage make it a great option for those who are serious about trading cryptocurrencies.
The downside of IS6FX is that it is not a suitable forex broker for large traders, as the maximum trade size is only up to 30 lots, and prior notice is required for trades of 10 lots or more. Many people are also dissatisfied with the fact that online wallets are not supported as a deposit/withdrawal method. On the other hand, it accepts several cryptocurrencies for deposits and withdrawals.
Support is available 24/7 via email and chatbot, and with staff who can respond in English, which makes this broker a safe choice even for beginners.
Pros
- High leverage up to 1:1,000
- Free VPS is available
Cons
- Large spread
- Few CFD products
- Online wallets aren't available for deposits/withdrawals
Operating Company
- Company name:
- IS6 Technologies Ltd
- Head office address:
- Suite 305, Griffith Corporate Center, P.O.Box 1510 Beachmont, Kingstown, St. Vincent and the Grenadines
- Financial supervisor:
- St. Vincent and the Grenadines (SVGFSA)
- Founded:
- 2016
- Capital:
- $ 36,000,000 (USD)
Customer Service
- Website language:
[Asia] Japanese, Simplified Chinese
[Europe and America] English, Spanish
- Trading platform:
- MetaTrader4/5, WebTrader
- English support:
- Business hours:
- 365 days 24 hours
- Email address:
- [email protected]
- Phone number:
- (+63) 2-7946-2454
Trading Rules
- Roll over:
- 0:00 (Server time)
- Margin call:
- When the margin maintenance rate falls below 50%
- Loss cut:
- When the margin maintenance rate falls below 20%
- Matched order:
- Permitted(*1)
- EA restrictions:
- None
- Request for additional margin:
- None (If the margin becomes negative, zero cut will be performed)
- Funds management:
- Managed in a segregated bank account
- Bankruptcy compensation:
- Full deposit compensation is not guaranteed
(*1)Matched orders between multiple accounts are prohibited.
Conditions for Each Account Type
- Trading platform:
- MetaTrader4/5, WebTrader
- Brokerage model:
- NDD method
- Spread method:
- Variable spreads
- Trading account currency:
- Japanese Yen, US Dollar
- Maximum leverage:
- 1:1,000
- Initial minimum deposit:
$ 50 (USD)
- Lot size:
- [Standard, EX, Kureptor] 100,000 units
[Micro] 1,000 units
- Minimum order size:
- [Standard, EX, Kureptor] 0.01 lots
[Micro] 0.05 lots
- Maximum order size:
- [Standard, EX, Kureptor] 30 lots
[Micro] 100 lots
- Maximum open orders:
- [Standard, EX, Kureptor] 900 lots
[Micro] 3,000 lots
- Instruments（symbols）:
[FX/Currency Pair]: 61(*1)
[CFD/Metals]: 10(*2)
[CFD/Indices]: 14(*3)
[CFD/Energy]: 3(*4)
[CFD/Cryptocurrencies]: 71(*5)
[CFD /Stock]: 20(*6)
- Available trading hours:
Monday 0:10 am - Friday 11:50 pm (Server time)
- Transaction fees:
- None
- Account maintenance fee:
- None
- Holding multiple accounts:
- Permitted
- GMT time difference:
- [MT4/MT5] Daylight saving time: +3 hours, Winter time: +2 hours
(*1)33 FX/Currency Pairs are tradeable with MT4.
(*2)2 CFD/Metals are tradeable with MT4.
(*3)7 CFD/Indices are tradeable with MT4.
(*4)2 CFD/Energy are tradeable with MT4.
(*5)CFD/Cryptocurrencies can only be traded with Kureptor account.
(*6)CFD/Stock cannot be traded with MT4.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
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