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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. Before the acquisition, it operated without a financial license, but after the acquisition, it indirectly obtained approval from St. Vincent and the Grenadines(SVG, IBC)as TEC World Group has the license.

It is a Forex broker whose name is still relatively unknown because it has a short history of operation and there are not many original services worth mentioning. A feature of IS6FX is that it has leverage that can be set up to 1:1,000, and leverage of 1:6,000 is also available for a limited number of accounts. Currently, they are mainly promoting in the Japanese market, so there are fewer services for the global market, and the overall situation is unsatisfactory.

There are two types of accounts provided by IS6FX:Standard account and Micro account. The amount of currency per lot is different, and the spread as well. It is 1,000 currencies per lot for Micro account and 100,000 currencies per lot for Standard account. Since the minimum number of orders is 0.01 lot, it is possible to trade from 10 currencies with Micro account. Spreads are large with USD/JPY 1.6pips and EUR/USD 1.7pips for Standard account, and even larger with USD/JPY 2.0pips and EUR/USD 2.0pips for Micro account. Therefore, when using IS6FX, it can be said that Standard account has more advantageous conditions.

The disadvantages of IS6FX are that the investment instruments lineup is small, the maximum trading volume is 30 lots, and when trading more than 10 lots, it is necessary to contact them in advance. Thus the service is more for small traders, and a little unsuitable for large traders.

Although there is no chat support and all support is only by email, they usually reply as soon as you inquire, managing to maintain a seamless experience. As for the deposit and withdrawal methods, unfortunately, only credit cards are accepted and online wallets and other methods are not available.

Official Website

Pros

  1. Leverage 1:6,000 is available for a limited number of accounts
  2. High leverage up to 1:1,000
  3. Free VPS is available

Cons

  1. Large spread
  2. MT5 is not provided
  3. Few CFD products
  4. Only credit cards are accepted for deposits

Operating Company

Company name:
TEC Solution. Ltd
Head office address:
Suite 305, Griffith Corporate Center, P.O.Box 1510 Beachmont, Kingstown, St. Vincent and the Grenadines
Financial license:
St. Vincent and the Grenadines(SVG, IBC)
Founded:
2016
Capital:
$ 36,000,000(USD)

Customer Service

Website language:

【Asia】Japanese・Simplified Chinese
【Europe and America】English・Spanish

Trading platform:
MetaTrader4
English support:
Email
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 70%
Loss cut:
When the margin maintenance rate falls below 50%
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
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】100,000 units 
【Micro】1,000 units
Minimum order size:
【Standard】0.01 lot 
【Micro】0.05 lot
Maximum order size:
【Standard】30 lots 
【Micro】100 lots
Maximum open orders:
【Standard】900 lots 
【Micro】3,000 lots
Instruments(symbols):

【FX/Currency Pair】:34 
【CFD/Metals】:2 
【CFD/Indices】:7
【CFD/Energy】:2

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】Daylight saving time:+3 hours, Winter time:+2 hours

Disclaimer:arw

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