General Information& Regulation
i-NET Securities Co., Ltd. was established on November 6, 2003. Located in Tokyo, Japan, i-NET provides over-the-counter foreign exchange margin trading services. Formerly known as IPO Securities Co., Ltd., it was renamed i-NET Securities Co., Ltd. in February 2009. i-NET is regulated by the Financial Services Agency (FSA).
Market Instruments
i-NET FX offers a total of 24 currency pairs in 9 currencies, including major currencies such as the US dollar, the euro, the Australian dollar and the British pound. i-NET FX has no transaction commission, and the spread is the transaction cost.
Order Types
i-NET provides 10 order types: Market, Limit, Stop, IFD, OCO, IFDO, Trail, Position Aggregation Settlement, Transition, and Quick + Settlement OCO.
i-NET Leverage
i-NET FX provides 25 times leverage trading that meets the margin requirements. The transaction volume is as high as 4% of the total transaction volume.
Spreads & Commissions
i-NET does not charge any transaction fees. The trading unit is 10,000 to 5 million currencies (1 hand to 500 lots). The South African Rand is 100,000 to 50 million currencies against the Japanese Yen (1 to 500 lots). The spread of the dollar against the yen is 0.7-1.8 pips, the euro against the yen is 1.4-2 pips, and the British pound against the yen is 2.0-5.2 pips. Please note that when the liquidity of the foreign exchange market drops significantly due to extreme changes in major national policy interest rates or terrorism, or when market prices fluctuate suddenly, the spread value does not apply.
Deposit & Withdrawal
i-NET customers can deposit money at any time in a day, and the deposit will be reflected in the trading account immediately. i-NET customers can also transfer funds from ATMs or financial institutions to designated accounts. When using this deposit method, the bank charges are paid by the customer. The transfer must be made in the name of the customer. If the transfer is made in the name of another person, the funds may not be reflected in the account and may be returned.
Trading Hours
The trading time of i-NET is 24 hours: from 7:00 a.m. Monday to 7:00 a.m. Saturday (US daylight saving time from 7:00 a.m. Monday to 7:00 a.m. Saturday). However, this does not apply when overseas markets are closed. At other times, only orders other than market orders can be registered.
