IX Securities-Overview of Minimum Deposit, Leverage, Spreads

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 suspected fake clone forex broker registered in the Bahamas that claims to provide its clients with the industry-standard MetaTrader4 trading platform, leverage up to 1:500, variable spreads from 0 pips on some tradable assets, as well as a choice of two different account types.

Market Instruments

We didnt find any specific information about tradable asset classes provided by IX Securities on the Internet. However, from the name of the broker, we guess that it may offer securities trading. Also, according to the demo account, we found the broker also offers forex currency pairs.

Account Types

There are two live trading accounts offered by IX Securities, namely STP and ECN. However, there is no minimum initial deposit amount specified on the Internet.

Leverage

The maximum leverage ratio provided by IX Securities is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. IX Securities reveals that the spread on the STP account is as low as 1.2 pips, while the clients on the ECN account can enjoy raw spreads from 0 pips. As for commissions, the broker says to offer ultra-low commissions.

Trading Platform Available

When it comes to trading platforms available, IX Securities gives traders the industry-standard MetaTrader4 trading platform. MT4 is considered the worlds most widely-used trading platform, preferred by over 80% of users. It offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options.

Deposit & Withdrawal

IX Securities accepts deposits and withdrawals with Visa and MasterCard, as well as bank transfers and e-wallets like Neteller, Skrill and UnionPay. The broker also charges some withdrawal handling fees. Withdrawal with Skrill and Neteller will be charged a handling fee of $15. Likewise, a $15 fee for withdrawals less than $50 while withdrawals over $50 will be free of handling fee. While for bank transfer withdrawal, $15 is charged by the broker, and bank charges are subject to each bank. As for the processing time of withdrawal requests, withdrawal with skrill and Neteller usually takes up to 1-7 working days; UnionPay withdrawals require 1-5 working days and bank transfers can be processed within 3-5 working days.

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.