is6com Review｜Reputation and Safety

Based in Seychelles, which is famous as a tax haven (a tax evasion country), "is6com" is a new FX company established in 2016.

Particularly impressive is the deposit bonus.

Other companies have a bonus rate of up to 100% at most, while is6com gives up to 200%, so even this alone will consider opening an account.

When you look at the official site, they are very active in disclosing company information, and there are also Q&A and manuals for beginners.

The official site of is6com is here

is6com Safety

No financial license (pending)

The establishment of is6com is December 2016 in Seychelles, where the capital is $20,000,000.

No financial license has been obtained at Seychelles and it is unlicensed.

At present, we are in the process of applying in multiple countries, but there is no regulation or supervision of business conditions/ operational status from third party organizations. (As of October 2018)

They are proactive in disclosing company information and can also check this page.

 

With separate management, no asset guarantee system

According to is6com, customer assets and vendor assets are "stored at major banks around the world", and if is6com fails, "the funds deposited in the account will never be lost."

However, there is no guarantee there, and no separate financial institution has been managed privately, and no asset guarantee system has been introduced by the intervention of a third party.

 

is6com Reviews

There is no rating from overseas on review site FPA

In the largest FX bulletin board "FPA (Forex Peace Army)" , the evaluation and comment about is6com were not found.

 

Features, Pros and Cons of is6com

 

Pro account can not use EA

There are three types of account types: micro account, standard account, and pro account, and maximum leverage, minimum transaction volume, maximum transaction volume, minimum deposit amount, and availability of automatic trading are different.

In particular, please keep in mind that a professional account is a discretionary trading account that can not use EA.

The remaining micro accounts and standard accounts can be used without restriction.

Each account has in common the points of variable spread, free transaction fee, 33 kinds of currency pair, and trading tool “MT4”.

Spreads are variable, but in the case of major currencies, they are basically fixed at all times.

The trade specs of micro account and standard account are maximum leverage 1,000 times, minimum trading volume 50 currency, maximum trading volume 100 Lot, minimum deposit amount is 1 dollar, which is good condition for small amount trading, and the spread of fluctuation system is quite narrow Is realized.

However, when the deposit margin is over $ 20,000, the maximum leverage is automatically limited to 500 times.

The trade spec of the professional account is a maximum leverage of 400 times, a minimum trading volume of 1,000 currencies, a maximum trading volume of 30 Lot, a minimum deposit of $ 1,000, but some funding is required, but the variable spread limits the industry's extremely narrow trading costs.

At first glance the conditions are similar to those of other companies' ECN accounts, but since the trading form is the DD method described next, there is no transparency like ECN trading.

 

is6com is a DD trading partner

At is6com, the outward appearance is "any account type can use NDD method without dealing desk and transparent transactions are possible" "Customer's orders are directly sent to the market and there is no refusal of execution" "Use of EA There are no restrictions on short-term transactions such as scalping, and there are no restrictions on the grant of bonuses. (The expressions "STP" and "ECN" are not used here.)

However, in reality, it is a DD trader whose profits conflict with customers.

It is a relative transaction of the DD method naturally if it thinks where it is making a profit from the fact that the spread of the transaction fee free, partial currency pair is always fixed, there is cover transaction, luxurious campaign and no hidden markup. I think I understand that.

Therefore, we have to be careful about intentional spread expansion, stop hunting and price operation.

In addition, if it is judged that it will be difficult to enter an order if it is judged that it will hinder the execution ability of is6com due to a huge amount of transaction, it may be considered that there is a rejection of contract or slippage depending on the conditions.

In addition, the LPs (liquidity providers) of the servers and the covers are private as well as the segregated financial institutions mentioned above, and important information regarding trading power is not shown in the table.

 

Has nothing to do with GEMFOREX?

The sales style of is6com is very similar to the FX vendor "GEMFOREX".

It is also called GEMFOREX series on the net and is suspected to be related, so I would like to touch on this a little.

From the conclusion, I do not know if it is relevant or not.

However, even if there is relevancy, there will be no problem if you do not do inter-trader arbitrage etc. which are prohibited by the FX trader.

In fact, the types and number of account types, types and number of currency pairs, transaction fees, transaction modes, maximum leverage, trading tools, loss cut rates are completely the same as those of GEMFOREX, and the country where the home office is located is unlicensed in Seychelles. is.

When I contacted the customer center, it was answered that there was no direct relationship.

 

There are still many concerns and inadequate services

Source: is6com official site "notice"

Since is6com is a new establishment, it seems to be full of server maintenance, specification changes, and problems.

At one time, the zero cut was processed incorrectly, and as a result, the account balance of some traders might increase, so the system itself is also insecure.

In addition, payment and withdrawal conditions are severe, basically payment is less than 20,000 yen · Withdrawal is less than 200,000 yen fee is fairly expensive.

While targeting beginners, there is no market information or trading support tool.

In the future, I think that system improvement and service content will be enhanced, but it would be better to see as a vendor that has not matured yet.

 

From opening an account of is6com to deposit and withdrawal

Required are identity verification documents and address verification documents

The following two items are required to open an account.

Personal identification documents, such as driver's license, passport, resident registry card that can confirm name, address, date of birth, face photograph, address confirmation documents, of public utility issued within 3 months Invoices, usage details such as Internet providers/ Cable TV, etc., and bank account transaction details etc. are valid.

Follow the steps below to open an account.

Account opening procedure

 

 

 

 

 

 

 

 

Submission of certificates (identification)

 

 

 

Credit card and bitwallet are convenient for deposit and withdrawal

 

Because is6com is generally expensive for deposit and withdrawal fees, it is better not to repeat small deposits and withdrawals very often.

Deposit fee is 20,000 yen or more free, less than 20,000 yen is uniform 1,500 yen, bank transfer fee and remittance fee generated by bitwallet are paid by yourself.

Withdrawal fee is free until once a month, but after 2nd time 2% of withdrawal amount over 200,000 yen, uniform 4,500 yen or less under 200,000 yen separately, receiving bank and relay separately when using overseas remittance Banks may also charge fees.

In addition, regardless of withdrawal method, the upper limit of withdrawal per transaction is 1 million yen, and withdrawals without payment will occur at 4,500 yen unconditionally.

 

Terms and conditions of is6com

33 currency pairs

There are 33 types of handling currency pairs, which are few for FX dealers. (As of October 2018)

A large number of currency pairs is not necessarily better, but it is a company that can trade in minor currency pairs that are not familiar with other companies, or handle stock indexes other than FX, stocks, commodities, commodity futures, virtual currencies, etc. It is possible to have a range of strategies such as risk hedging.

Spread fixed almost fixed, industry's best low transaction cost

The above is the average spread published by is6com.

Other companies have ECN accounts that realize 0 to 0.3 pips in USD/ JPY, but in is6com it is a little more popular at 0.8 pips.

However, is6com is free of transaction fees for all account types, so it is definitely better than other companies when considering the total transaction cost including spread and transaction fees.

In fact, let's compare the transaction costs of standard and professional accounts on is6com with other companies from the same time spread.

 

In the industry as a whole, is6com's transaction costs are exceptionally low.

All three account types of is6com, GEMFOREX, and iForex, which are free of transaction fees for all account types, use variable spreads in their DD counterparts, but they are almost fixed only for major currency pairs.

Among them, GEMFOREX is the most profitable, and is6com is the next best seller.

Automatic trading is totally prohibited by iForex, and is6com and GEMFOREX are prohibited only for professional accounts and no spread accounts.

As for AXIOR XM with transaction fee, the standard account is mainly in the form of DD transaction, the nanospread account of AXIORY and the ZERO account of XM are in ECN method, and both can be traded automatically.

In the case of the ECN method, the transparency of the transaction is high, but please be aware that the cost of the transaction will be incurred only for that part.

In the case of the DD method, transaction transparency is low, but it is possible to reduce transaction costs much like is6com.

So far, the transaction cost has been AXIORY's most favorable vendor, but the no spread account resurrected at is6com and GEMFOREX has lost its place.

Whether you choose cheap transaction costs or high transparency is up to the trader's point of view, but is6com's professional accounts are good for scalping discretionary trading.

 

Swap is cheap and unsuitable for long-term trading

Because the amount of swaps is as low as the average number of negative swaps, there are extra transaction costs if you hold a position that will pay the swaps for more than one day.

Pay particular attention to currency pairs, including South African Rand and Turkish Lira.

Zero cut adopted, no additional certification

In is6com, even if there is a sudden market fluctuation that loss cut does not work, even if the account balance has become negative, zero cut will compensate the negative balance by is6com so it is safe.

However, there is no additional testimony, please keep in mind that Ross Cut has a margin maintenance rate of 50% and the same level as domestic FX vendors and there is no change in losing funds.

 

is6com's trading tools and apps

Trading tool is only MT4

 

Developed by Russia's MetaQuotes, MT4 specializes in discretionary trading and automatic trading.

There are no problems with trading on the go as iPhone / android compatible smartphone apps have also been released.

As it is adopted by many forex companies, it is a trading tool that boasts excellent functionality and operability as a trading environment.

Please refer to the article here for detailed specs of MT4.

 

is6com's Customer Support

Inquiry method is E-mail and LINE

 

In addition to inquiries using the mail form below, is6com's support also supports inquiries using the convenient LINE.

Business hours are 24 hours on weekdays.

The support center is in the Philippines, but the response is very quick and polite.

 

is6com's Information Service

Ample of manuals

Source: is6com official site "manual"

No seminar or market information is provided at is6com.

 

is6com's Campaign Bonus

The is6com campaign is basically an irregular event, and the target account and content change from campaign to campaign.

Appreciation campaign

Special Offers are the usual 100% deposit bonus available to is6com account holders.

The features and terms of use of this campaign are as follows.

The content is a very general 100% deposit bonus.

The bonus itself can not be withdrawn, and it can be used only for trading, which is similar to other companies.

Issuing and using tickets are limited to standard accounts.

The ticket has an expiration date of about one month after opening the account, so it will disappear if you don't exchange it for a bonus as soon as you deposit it.

If you exchange it for a bonus, you can use it as long as you don't withdraw your account funds.

 

Up to 200% deposit bonus

Up to 200% Bonus is a limited period of up to 200% deposit bonus that is held regularly.

It seems like a very attractive bonus at first glance, as no other company has been able to offer this up to 200% grant rate.

However, in fact, there is a required transaction quantity and a maximum deposit amount, and if you carefully calculate well, please note that there is no meaning of 200% when depositing over 200,000 yen.

The features and terms of use of this campaign are as follows.

The four campaigns are integrated, and as the transaction volume increases, the grant rate increases and the maximum deposit amount decreases.

Tickets are granted for payment according to the transaction volume.

Also, I would like you to note that you can not combine with other campaigns, and each has a maximum deposit amount.

For example, even if you trade 601 lots or more and deposit 1.2 million in the following trading period, you will not receive a total of 1.2 million yen worth of 200 million bonus upper limit of 200,000 and 100 million bonus of 1 million.

In the above case, it is better to choose the 100% deposit bonus, because you will get the 200% bonus upper limit of 200,000 or the 100% bonus upper limit of 1 million.

In other words, if you traded over 601 Lot, the next month's deposit amount would be

Although it is a limited-time campaign, I think that it may be held in the future, so be careful not to make a mistake in selecting a good campaign.