Your capital is at risk.
IS6FX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ¥5,000
- MT4
- MT5
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ¥5,000
- MT4
- MT5
Our Evaluation of IS6FX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IS6FX is a high-risk broker with the TU Overall Score of 1.89 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IS6FX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. IS6FX ranks 408 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
IS6FX aims to interest both experienced and novice traders. It offers high leverage and a broad choice of accounts and assets but operates without regulation in an offshore zone, which is a significant drawback.
Brief Look at IS6FX
IS6FX is an NDD (no dealing desk) broker that provides access to trading over 180 assets, such as crypto and fiat currencies, stock market indices, precious metals, stocks, and commodities. The company was registered in 2016 and since then has been actively improving its services and expanding its assortment of tradable assets, accounts, and investment products. At the “Best Transformed Broker Award 2023”, IS6FX was recognized as the best broker. It has divisions in the Philippines and Vietnam and is headquartered in Kingstown, St. Vincent and the Grenadines.
- Cent accounts for trading at minimal risk.
- Wide selection of МТ4 and МТ5 accounts.
- Minimum deposit is 5,000 JPY, which is equivalent to 35 USD.
- Limited accounts with up to 1:6,666 leverage on Forex and precious metals.
- Access to trading CFDs on currency pairs, cryptos, indices, stocks, and commodities.
- No deposit fees.
- One free withdrawal of funds per month.
- The broker is registered in St. Vincent and the Grenadines where the currency and cryptocurrency markets are not regulated.
- Spreads are wide on all account types.
- There is no education, analytics, or useful trading instruments for beginners and professionals.
TU Expert Advice
Financial expert and analyst at Traders Union
IS6FX was established in 2016 and since then has improved its services by adapting them for clients with varied experience and capital. MT4 users whose end-of-month balance is $5,000/¥500,000 or more can have free access to a virtual private server (VPS). If the balance is lower, a monthly fee of $28 is charged. Investing in MAM accounts, copy trading, and scalping are available.
The minimum deposit on all accounts, except Pro Zero and Leverage 6666 Times, is 5,000 JPY or approximately 36 USD. However, it’s not possible to deposit less than $50 from a card and less than $100 via a bank transfer. The minimum cryptocurrency deposits are 0.003 BTC, 0.05 ETH, 50 USDT, and 50 USDC. Payments to trading accounts are made instantly from cards, within 15 minutes via bank transfers, and within 30 minutes from crypto wallets.
The broker offers a unique type of account with up to 1:6,666 leverage.
IS6FX Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. IS6FX and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | МТ4 and МТ5 (desktop, mobile, and WebTrader) |
|---|---|
| 📊 Accounts: | Demo, Micro, Standard, Pro Zero, Leverage 6666 Times, EX, Crypto |
| 💰 Account currency: | USD, JPY, BTC, ETH, USDT, and USDC |
| 💵 Replenishment / Withdrawal: | Credit/debit cards (Mastercard, JCB), bank transfers, Bitcoin, Ethereum, Tether, and USDCoin |
| 🚀 Minimum deposit: | 5,000 JPY |
| ⚖️ Leverage: | Up to 1:6,666 on the Leverage 6666 Times account and up to 1:1,000 on the other account types |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1.1 pips |
| 🔧 Instruments: | Forex, precious metals, stock indices, energies, stocks, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No margin call. Stop outs: 10%-20% |
| 🏛 Liquidity provider: | Large banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Accounts with up to 1:6,666 leverage |
| 🎁 Contests and bonuses: | Yes |
Users can trade on both MT4 and MT5 platforms, but conditions and assets differ. On МТ4, accounts can only be opened in USD and JPY, while on МТ5, account currencies can be USD, JPY, BTC, USDT, ETH, and USDC. Spreads are variable and change depending on trading instruments and market situations. IS6FX provides dynamic leverage that increases when the account balance goes down and decreases when the trader deposits funds.
IS6FX Key Parameters Evaluation
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Trading Account Opening
It takes less than 10 minutes to create an IS6FX user account. Here is a short description of the procedure:
On the official website’s homepage, click “IS6FX Open an account”.
In the registration form, enter your name, surname, and email, select an account type and currency, choose the MT4 or MT5 platform, and create a reliable password. After confirming your email address by clicking a link in an email from IS6FX, you can access your user account.
Important features of IS6FX’s user account allow you to:
In your user account, you can also:
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Verify your identity and confirm your phone number and place of residence.
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Create a demo account and open additional trading accounts.
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Install desktop trading platforms and access WebTrader.
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Transfer funds between active accounts.
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View the history of transactions – deposits, withdrawals, and transfers.
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Invite new traders and monitor statistics on the “Introduce a Friend” program.
Regulation and safety
IS6FX is a group of companies that render brokerage services in various jurisdictions. In 2021, IS6 Technologies Ltd was registered by the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under number 26536.
St. Vincent and the Grenadines is an offshore zone with simplified taxation for foreign firms and companies. The SVG FSA does not supervise the activity of Forex brokers and crypto exchanges. Its function is to register and not regulate them.
Advantages
- IS6FX clients’ money is held separately in large banks
- The broker offers very high leverage – up to 1:6,666 on limited accounts
- Financial and trading transactions in cryptocurrencies are allowed
Disadvantages
- Traders’ deposits are not protected
- The company can take possession of client funds or freeze profit payouts at any moment.
- Before a client can withdraw a large amount, the company may additionally check his ID and require a confirmation of the profit source.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Micro | From $0.16 | From the 2nd withdrawal |
| Standard | From $16 | From the 2nd withdrawal |
| Pro Zero | From $11 | From the 2nd withdrawal |
| Leverage 6666 Times | From $16 | From the 2nd withdrawal |
| EX | From $16 | From the 2nd withdrawal |
| Crypto | From $16 | From the 2nd withdrawal |
If a trader does not close a trade the day it was opened, the broker charges a swap fee for it. The swap fee can be positive or negative and therefore will not necessarily bring a loss.
TU analysts have compared an average IS6FX commission to charges of popular brokers, such as RoboForex and Pocket Option. The results presented below show which Forex broker has the best spreads.
| Broker | Average commission | Level |
|---|---|---|
|
$12.5 | |
|
$1 | |
|
$8.5 |
Account types
A trader cannot change the type or currency of a previously created account but can open up to 5 accounts in different currencies. Correction of leverage is also not available. The Japanese yen is the nominal currency used to calculate the minimum deposit. If a trader opens an account in cryptocurrency or USD, he has to deposit an equivalent of the amount indicated in JPY.
Account types
An open demo account stays available for 30 days and is then blocked, but it is possible to open a new one.
IS6FX is suitable for both active trading and passive earning. The broker has low first deposit requirements and offers cent accounts. That is why it can be used by not only experienced traders but also beginners with limited funds.
Deposit and Withdrawal
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For money withdrawals, the company offers to use bank transfers and cryptocurrency transactions. Withdrawable currencies are JPY, BTC, ETH, USDC, and USDT. When withdrawing funds to a USD account, dollars are converted to JPY at IS6FX’s internal rate and an exchange fee is charged.
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Withdrawal takes 1-3 business days.
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Minimum withdrawal amounts are: 5,000 JPY, 50 USD, 0.001 BTC, 0.05 ETH, 25 USDT, and 25 USDC.
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A client can make one free withdrawal per month. For other withdrawals in the same month, the fee is 2% of the withdrawal amount. If a trader withdraws less than 2,000 USD/200,000 JPY, a fixed payment of 45 USD or 4,500 JPY is charged.
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The fee for withdrawing funds without trading is 45 USD or 4,500 JPY.
Investment Options
IS6FX enables both active traders and those who prefer passive strategies to earn in financial markets. All platforms offered by the broker, thanks to their simplicity and the low minimum deposit requirements, are suitable even for beginners who have never traded assets in over-the-counter markets before. Experienced traders can make additional profit by managing several accounts and letting other IS6FX clients use their trading strategies. The broker also offers partnership programs with rewards for attracting referrals.
IS6FX’s proprietary services for passive earning
In the field of investing in Forex, IS6FX is not an innovator. The company uses popular solutions but implements them into its own platforms. Presently, IS6FX offers the following ways to earn passive income:
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Investing in MAM accounts. This service helps novice investors earn on trades of professional managers. Their positions are automatically copied on connected accounts, and profits/losses are allocated in accordance with deposited amounts.
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Mirror trade. It enables investors to copy transactions of experienced traders, but each subscriber’s money stays in their respective trading account. The investor gives part of his profits to the signal provider for successful trading. If a trade is closed with a loss, its maker does not receive any commission.
Regarding passive earning services and programs that are popular among Forex traders, IS6FX does not allow the use of expert advisors (EAs) on Pro Zero and Leverage 6666 Times accounts. However, any client of IS6FX can copy trading signals from the MQL4 and MQL5 websites.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
IS6FX partnership programs
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Introducing Broker (IB) is a type of partnership where the broker pays the partner rewards for his referrals’ trading activity. The partner’s objective is to encourage new clients to trade with IS6FX.
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Multi-Account Manager (MAM) is a solution for experienced traders who are ready to assume management of several accounts. Owners of MAM accounts receive rewards in the form of a percentage of profits and therefore aim to attract as many investments as possible.
IB and MAM are for professionals. Regular retail traders can bring their friends and earn one-time fixed commissions, but not periodic payouts for their referrals’ trading volume.
Customer support
IS6FX support service is available around the clock seven days a week.
Advantages
- Support operators speak English, Chinese, Japanese, Spanish, and other languages
- Support works 24/7
Disadvantages
- Chat bot is only available on the Japanese version of the website
- Support cannot be contacted by phone
The company offers the following communication channels:
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chatbot on the website;
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feedback form in the user account;
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email;
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LINE.
IS6FX is on X (formerly Twitter), Telegram, and YouTube. These profiles can also be used to communicate with the company’s representatives.
Contacts
| Registration address | IS6 Technologies Ltd, Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines |
|---|---|
| Official site | https://is6.com/en |
| Contacts |
Education
English versions of such website sections as FX Glossary, Forex beginner, and MT4/МТ5 manual are currently being developed. However, these sections are already available in Japanese. Forex trading basics in English are featured in the FAQs section.
Demo accounts with virtual funds are a great training tool. They help novices learn to trade without losing real money.
Comparison of IS6FX with other Brokers
| IS6FX | RoboForex | Pocket Option | Exness | Eightcap | 4XC | |
| Trading platform |
MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT5, MT4, WebTrader |
| Min deposit | $5000 | $10 | $5 | $10 | $100 | $50 |
| Leverage |
From 1:1 to 1:6 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1.1 point | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
10% / 20% | 60% / 40% | 30% / 50% | No / 60% | 80% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of IS6FX
IS6FX is an NDD/STP broker that offers a wide selection of assets, accounts, and trading platforms. Its clients can trade using almost any device, including MacOS, iPhone/iPad, and Android. The company is interested in cooperation with traders of any rank from beginners to advanced managers and signal providers. IS6FX actively develops its proprietary services, such as mirror trade, MAM, and VPS.
IS6FX by the numbers
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Over 7 years in business and $36,000,000 capital.
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5 account types for МТ4 and 6 for МТ5.
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180+ trading instruments.
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Unique account type with up to 1:6,666 leverage.
IS6FX provides various МТ4 and МТ5 accounts
The broker offers МТ4 and МТ5 accounts that differ in trading conditions, including the range of available assets. All МТ4 accounts allow users to trade 33 currency pairs, gold, silver, 7 stock indices, and 2 energies. On МТ5 accounts, clients can trade 61 currency pairs, 10 precious metals, 15 stock indices, 3 energies, and 21 stocks. On МТ5 crypto accounts, 69 cryptocurrencies can be traded.
Leverage on МТ4 and MТ5 is the same – 1:50-1:1,000 depending on the asset and account balance. However, there is also a limited account type with 1:6,666 leverage. The maximum trade sizes for Forex, energies, and metals are 100 lots on Micro accounts, 50 lots on Pro Zero, and 30 lots on the other account types.
IS6FX’s useful services
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Mirror trade can bring profit to both investors, including Forex beginners, and experienced traders.
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LINE allows users to exchange instant messages with IS6FX representatives.
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The FAQs section of the official website answers the most important questions of potential clients.
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VPS for МТ4 improves performance and automates the trading process through EAs, among other things.
Advantages:
Low minimum deposit requirements on all account types.
The company’s website and tech support are available in 4 languages.
Protection of the user account through two-factor authentication.
Payments can be made not only in classic ways, such as from cards and via bank transfers but also in cryptocurrency.
The broker allows scalping, copy trading, and mirror trading. EAs are allowed on most accounts.
A user can select an account type that best suits his budget, experience, and preferred assets.
User Satisfaction