Note: Since IX Securities official site (https://www.ixsecurities.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
IX Securities, a trading name of IX CAPITAL GROUP LIMITED, is allegedly a suspicious regulated forex broker registered in the Bahamas that claims to provide its clients with forex trading with leverage up to 1:500 and variable spreads from 0 pips on the worlds most popular MetaTrader4 trading platform, as well as a choice of two different account types.
Market Instruments
IX Securities is a forex broker that mainly offers forex trading in forex currency pairs.
Account Types
There are two live trading accounts offered by IX Securities, apart from demo accounts, namely ECN and STP accounts. However, the minimum initial deposit amount to open an account is not specified.
Leverage
A leverage ratio of up to 1:500 is offered by IX Securities, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage due to the fact that leverage magnifies gains and losses.
Spreads & Commissions
IX Securities claims that different account types can experience different spreads. The ECN account can enjoy raw spreads as low as 0 pips, while the STP account can experience spreads from 1.2 pips. As for commissions, the broker says to offer ultra-low commission, however, the amount of which is not specified.
Trading Platform Available
The platform available for trading at IX Securities is the state-of-the-art MetaTrader4 trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
IX Securities says to accept deposits and withdrawals via Visa and MasterCard, as well as bank transfers and some e-wallets such as Neteller, Skrill and UnionPay. The broker also charges some withdrawal handling fees. Withdrawals with Skrill and Neteller will be charged a handling fee of $15. The UnionPay withdrawal fee is $15 if the withdrawal amount is less than $50, while free for withdrawals over $50. The broker will charge Bank transfer withdrawals $15, and bank charges are subject to each bank. As for the processing time of withdrawal requests, withdrawals via Skrill and Neteller require 1-7 working days to process, while 1-5 working days for UnionPay, and 3-5 working days for Bank transfer withdrawals.
Customer Support
IX Securities‘ customer support can be reached by email: SUPPORT@IXSECURITIES.COM. Company address: 109 Church Street, Sandyport, PO Box SP 62756, Marina Village, Nassau, The Bahamas. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
