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Score

1.49 /10
Danger

IX Securities

Bahamas

5-10 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

License Index 0.00
Business Index 6.88
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

IX CAPITAL GROUP LIMITED

Company Abbreviation

IX Securities

Platform registered country and region

Bahamas

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2023-06-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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IX Securities · Company summary

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.

Trading

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.

Deposit

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.

User Reviews

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4

Comments

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.2815
more than one year
They will send you all kinds of promotions to markets themselves. As soon as you make profits, they began to show real color to make your earning theirs.
2023-02-24 15:40
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0
0
FX1209076383
more than one year
They say spreads from 0.0 pips? Lies! During my trading here, spreads on some major currency pairs reached up to 60-100 pips, they are so gonna let people lose their money, and the money flow into their pockets. Don’t come, guys.
2023-02-15 13:36
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0
0
愿偿年少泪
more than one year
IX Securities is a total scammer! STAY AWAY!! I email compliance I email support I email everyone and no one has an answer... When can I get my money back?
2022-12-11 12:41
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0
0
小魏
more than one year
They manipulated spreads, and spreads on indices reached 100 pips once. Of course, they denied it. You guys don’t come here, or what waits for you is 100% loss.
2022-12-07 11:35
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0
0
5
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