is6com Review|Reputation and Safety

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

Pros

  • Maximum leverage 1,000 times
  • Free transaction fee for all account types
  • Low transaction costs, including spreads, are among the top in the industry
  • In DD trading partners, profits conflict with users
  • There is no restriction on the use and scalping of EA
  • Campaigns such as up to 200% deposit bonus are enhanced

Cons

  • No financial license, no asset guarantee system
  • Counter-trader adopting DD method for all account types
  • 33 different currency pairs
  • Trading tool is only MT4
  • Professional account can not use EA
  • Domestic vendor level with 50% loss cut rate
  • Withdrawal fee is high

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)

Operating company is6com.Co.,Ltd
Location Seychelles
Representative Walter Sandoval
Financial license Unregistered
Established December 2016
Capital $20,000,000

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

Micro Standard Pro
Transaction cost Account Creation
Maintenance Fee
Free
Transaction fee Free
Spread Variable system
Terms and conditions Transaction form DD method
Leverage Deposit margin under $20,000 or less: up to 1,000 times
Deposit margin over $20,000: up to 500 times
Up to 400 times
Currency pair 33 stocks
Minimum transaction quantity 50 currency(0.05Lot)* 1,000 currency(0.01Lot)*
Maximum trading quantity 100Lot 30Lot
Order process Market, Limit, Stop, IFO, IFD, OCO
Double house
Trading tool Computer MT4 (Win・Mac)
Smartphone MT4 (iOS・Android)
Money management Margin call None
Loss cut 50%
Zero cut
Account currency JPY, USD
Deposits and withdrawals Minimum deposit amount $1 $1,000
Deposit fee 20,000 yen or more: free
Less than 20,000 yen: flat 1,500 yen
(A fee will be charged separately for financial institutions and service companies)
Withdrawal fee Free up to once a month
200,000 yen or less: uniform 4,500 yen
More than 200,000 yen: 2% of the withdrawal amount
(A fee will be charged separately for financial institutions and service companies)
Asset protection Separation management
Trust maintenance ×
Support Call center ×
Email
Live chat ×
Other LINE
Demo account × ×
Bonus × ×

*Micro account is 1Lot = 1,000 currency, standard account and pro The account is 1Lot = 100,000 currency.

 

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.

Is is6com affiliated with GEMFOREX?

Currently our customers are in the Philippines and a wide variety of human resources are gathered from Europe, the United States, and Asian countries, and a large number of overseas companies are gathered, so we have confirmed with other companies in the same industry by multiple companies. There is no such connection or relationship.

It is not the customer center but the head office in Seychelles.

We offer support including the head office, there is no direct relationship with other companies in the same business as our previous guide.

 

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.

Required documents

  • Image data of identity verification documents
  • Image data of address confirmation documents

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

Start from the is6com official site.

 

Enter e-mail address, member page login password, name, date of birth, phone number and address in English. Select the account type from "Micro", "Standard" or "Pro", and select the account currency from "JPY" or "USD".

 

Please select the employment, annual income and assets.

 

That is all the entry field.

 

Click on "Authenticate the e-mail address" in the e-mail sent to the registered e-mail address.

 

Click "Login page is here" displayed on the browser.

 

Enter your email address and password, and log in to the member page.

 

A separate login ID, password and server information for the transaction tool MT4 that's different from the member login will also be sent by email. Download and install MT4 from here.

 

Submission of certificates (identification)

Click to submit the "Certificates displayed on member page" at the top.

 

Upload the image data of "Identity verification documents", "address confirmation document" prepared in advance from the above button.

 

Then you just have to wait for approval. If there are no problems with the submitted documents, you will receive an approval completion email within a few hours on weekdays, and you will be able to use the transactions and procedures without restriction.

 

Credit card and bitwallet are convenient for deposit and withdrawal

Method of deposit and withdrawal Time Fee
Deposit Credit card
Debit card
Immediate 20,000 yen or more: freeLess than
20,000 yen: 1,500 yen flat
(A fee will be charged separately for financial institutions and service companies)
Overseas bank transfer 3~5 business days
bitwallet Immediate
Withdrawal Credit card
Debit card
Immediate Free up to once a month
200,000 yen or less: 4,500 yen flat
More than 200,000 yen: 2% of the withdrawal amount
(A fee will be charged separately for financial institutions and service companies)
Overseas bank transfer 3~5 business days
bitwallet

 

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

Currency pairs
AUD/JPY CHF/JPY GBP/JPY USD/JPY
CAD/JPY EUR/JPY NZD/JPY ZAR/JPY
AUD/CAD EUR/GBP GBP/NZD USD/MXN
AUD/CHF EUR/NZD GBP/USD USD/SGD
AUD/NZD EUR/USD NZD/USD USD/TRY
AUD/USD EUR/ZAR USD/CAD USD/ZAR
EUR/AUD GBP/AUD USD/CHF
EUR/CAD GBP/CAD USD/CNH
EUR/CHF GBP/CHF USD/HKD

+ Currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, JPY: Japanese Yen, MXN: Mexican Peso, NZD: New Zealand Dollar, SGD: Singapore Dollar, TRY: Turkish Lira, USD: US Dollar, ZAR: South African Rand

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

Currency pair Average spread (pips)
Micro account Standard account Professional account
AUD/CAD 4.7 3.8 2.0
AUD/CHF 4.4 3.5 1.8
AUD/JPY 3.7 2.9 1.4
AUD/NZD 4.3 3.4 1.6
AUD/USD 2.5 2.0 1.0
CAD/JPY 3.8 3.0 1.4
CHF/JPY 3.6 2.9 1.5
EUR/AUD 4.3 3.4 1.7
EUR/CAD 4.6 3.7 1.9
EUR/CHF 3.2 2.5 1.2
EUR/GBP 2.5 2.0 1.0
EUR/JPY 2.9 2.3 1.1
EUR/NZD 6.8 5.5 2.9
EUR/USD 1.9 1.5 0.7
EUR/ZAR 190.0 185.0 175.0
GBP/AUD 6.1 4.8 2.3
GBP/CAD 6.4 5.1 2.6
GBP/CHF 5.1 4.4 3.1
GBP/JPY 3.9 3.1 1.5
GBP/NZD 9.2 7.6 4.5
GBP/USD 3.1 2.4 1.1
NZD/JPY 3.9 3.1 1.5
NZD/USD 3.4 2.7 1.3
USD/CAD 2.7 2.1 1.0
USD/CHF 2.9 2.3 1.2
USD/CNH 25.5 21.0 12.0
USD/HKD 18.5 15.0 8.0
USD/JPY 2.0 1.6 0.8
USD/MXN 60.0 55.0 45.9
USD/SGD 5.6 4.5 2.4
USD/TRY 20.4 18.9 15.9
USD/ZAR 85.0 80.0 70.0
ZAR/JPY 3.3 2.8 1.8

+ Currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, JPY: Japanese Yen, MXN: Mexican Peso, NZD: New Zealand Dollar, SGD: Singapore Dollar, TRY: Turkish Lira, USD: US Dollar, ZAR: South African Rand

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.

Companies with no fees for all account types
is6com GEMFOREX iForex
(Fluctuate)
Standard
(Fluctuate)
Pro
(Fluctuate)
All-in-one
(Fluctuate)
No spread
(Fluctuate)
Transaction fee
(one way)
Free Free Free Free Free
USD/JPY ¥160 ¥80 ¥120 ¥30 ¥90
EUR/JPY ¥230 ¥110 ¥150 ¥100 ¥140
GBP/JPY ¥310 ¥150 ¥210 ¥130 ¥250
EUR/USD ¥150 ¥70 ¥120 ¥30 ¥90

 

Companies with varying fees by account type
AXIORY XM
Standard
(Fluctuate)
Nano spread
(Fluctuate)
Standard
(Fluctuate)
Zero account
(Fluctuate)
Transaction fee
(one way)
Free $3 Free $5
USD/JPY ¥140 ¥98 ¥140 ¥113
EUR/JPY ¥150 ¥118 ¥240 ¥163
GBP/JPY ¥190 ¥188 ¥300 ¥193
EUR/USD ¥100 ¥88 ¥160 ¥113

Transaction cost per 10,000 currency (spread cost + Round trip fee). Transaction fees are displayed in one-way amounts per 100,000 currency. The yen conversion is 1 dollar 113 yen, the spread is calculated at 00:00 on October 10, 2018.

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

Currency pair Long
(yen)
Short
(yen)
1位 NZD/JPY 31 -100
2位 AUD/CHF 24 -108
3位 AUD/JPY 17 -85
4th NZD/USD 13 -72
5th AUD/CAD 9 -66
6th USD/CHF 9 -83
7th USD/JPY 5 -34
8th GBP/CHF 3 -101
9th AUD/USD 2 -64
10th USD/HKD -5 -8
11th ZAR/JPY -7 -22
12th CAD/JPY -9 -45
13th USD/CNH -10 -2
14th GBP/JPY -12 -49
15th EUR/CHF -21 -49
16th EUR/JPY -24 -9
17th USD/CAD -27 -29
18th AUD/NZD -42 -10
19th GBP/USD -42 -29
20th EUR/USD -47 14
21st EUR/GBP -55 -5
22nd GBP/CAD -55 -40
23rd CHF/JPY -70 -23
24th EUR/CAD -72 -4
25th USD/SGD -80 -46
26th EUR/AUD -122 32
27th GBP/AUD -130 19
28th USD/MXN -136 32
29th EUR/NZD -150 53
30th GBP/NZD -160 43
Currency pair Long
(yen)
Short
(yen)
1st USD/ZAR -1088 249
2nd EUR/ZAR -310 140
3rd USD/TRY -203 90
4th EUR/NZD -150 53
5th GBP/NZD -160 43
6th EUR/AUD -122 32
7th USD/MXN -136 32
8th GBP/AUD -130 19
9th EUR/USD -47 14
10th USD/CNH -10 -2
11th EUR/CAD -72 -4
12th EUR/GBP -55 -5
13th USD/HKD -5 -8
14th EUR/JPY -24 -9
15th AUD/NZD -42 -10
16th ZAR/JPY -7 -22
17th CHF/JPY -70 -23
18th USD/CAD -27 -29
19th GBP/USD -42 -29
20th USD/JPY 5 -34
21st GBP/CAD -55 -40
22nd CAD/JPY -9 -45
23rd USD/SGD -80 -46
24th GBP/JPY -12 -49
25th EUR/CHF -21 -49
26th AUD/USD 2 -64
27th AUD/CAD 9 -66
28th NZD/USD 13 -72
29th USD/CHF 9 -83
30th AUD/JPY 17 -85

Swap per 10 thousand currency of October 9, 2018 (yen). Foreign currency denominations are converted into yen based on the prevailing rate delivered by Bloomberg, and fractions are discarded. It differs somewhat from the swap actually granted.

+ Currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, JPY: Japanese Yen, MXN: Mexican Peso, NZD: New Zealand Dollar, SGD: Singapore Dollar, TRY: Turkish Lira, USD: US Dollar, ZAR: South African Rand

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

Trading tool Type Supported models・OS
MT4 Download Win・Mac
Browser General purpose
App iOS・Android

 

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.

For those using a Mac

Although MT4 is a Windows-only software, you can download a Mac-only installer from is6com, so it can be used as a Mac application.

 

is6com's Customer Support

Inquiry method is E-mail and LINE

Business hours
Email Weekdays 24 hours
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.

Email form

How to add LINE account

 

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.

Ongoing campaign

  • Appreciation campaign
  • Trading campaign with up to 200% deposit bonus

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.

Campaign rules and features

  • It can be issued and used only with a standard account.
  • Only for the first payment within about 1 month after opening the account
  • Receive 100% bonus ticket for deposit
  • The grant upper limit is 1 million yen
  • The bonus can not be withdrawn and can only be used for trading
  • Can not be combined with other campaigns
  • When the account funds are withdrawn, the retained bonus disappears

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.

Note

  • It can be issued and used only with a standard account.
  • The bonus ticket can only be used once
  • The bonus ticket grant rate changes to 30 to 200%, and the maximum deposit amount changes to 200,000 or 1,000,000 yen according to the transaction volume
  • Trading within 5 minutes from order to settlement, settlement outside of campaign period is not counted in volume
  • The bonus itself can not be withdrawn, and the withdrawal of account funds will cause the retained bonus to disappear
  • Can not be combined with other campaigns

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

  • 200% bonus deals for less than 200,000 yen
  • Other than 200% bonus deals are more than 200,000 yen

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.

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