i-NET
Pros and Cons
Pros
- Regulated by Japan’s FSA
- Access to 24 currency pairs for trading
- Proprietary trading platform: i-NET Trader
- Demo accounts available for practice
- Competitive spreads starting from 0.7 pips
Cons
- Not regulated in major jurisdictions like the US
- Limited trading instruments (only Forex pairs available)
- Does not support popular platforms like MT4/MT5
- No live chat support for customer service
- Low leverage of 1:25 offered
Basic Information
User Reviews
i-NET Overview
i-NET Securities Co., Ltd., founded in 2003 and headquartered in Tokyo, Japan, is a regulated forex broker authorized by the Financial Services Agency (FSA) under License No. 関東財務局長（金商）第11号. With nearly two decades of experience in the industry, i-NET has established itself as a trustworthy option for traders looking to engage in foreign exchange trading within a regulated environment. The broker offers a robust platform that caters to both novice and experienced traders, ensuring compliance with stringent regulatory standards that enhance trader confidence and security.
Is i-NET Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Compensation Scheme |
Is i-NET Regulated and How Are Client Funds Protected?
i-NET Securities Co., Ltd. is regulated by the Financial Services Agency (FSA) in Japan, which ensures that the broker adheres to strict compliance and operational standards. Client funds are protected through measures such as segregated accounts, which separate client funds from the company’s operational funds, and an investor compensation scheme that provides additional security in case of insolvency. Furthermore, i-NET has been established since 2003, demonstrating a long-standing presence in the forex market and a commitment to maintaining a compliant and secure trading environment. Traders can expect a reliable platform for trading currency pairs with adequate investor protection mechanisms in place.
Trading Products and Services
What trading instruments does i-NET offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | 24 |
| Commodities | No available products | |
| Indices | No available products | |
| Stocks | No available products | |
| Cryptocurrencies | No available products |
i-NET offers a focused range of trading instruments, primarily in the Forex market, with access to 24 currency pairs including popular options like EUR/USD and GBP/JPY. This specialization allows traders, from beginners to seasoned professionals, to engage in diverse trading strategies. The absence of additional asset categories like commodities or stocks indicates a streamlined approach that could appeal to those specifically interested in currency trading. By concentrating on Forex, i-NET enables robust portfolio diversification through currency pairs, catering to various trading styles and risk appetites. This adaptability enhances the platform’s utility for users looking to navigate the Forex markets effectively.
Account Types and Trading Conditions
What Account Types and Fees Does i-NET Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low spreads, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, advanced trading tools | Requires a minimum trading volume |
| Corporate Account | Corporate clients | Custom services, multi-user access | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available for eligible clients |
| Demo Account | New traders and those testing strategies | Practice trading without risk | Free access to a simulated trading environment |
Account Opening Process
To open an account with i-NET, users need to follow a straightforward process. First, they must submit personal information, including their name, address, and contact details. Next, employment and financial information is required to assess the applicant’s trading background and financial capability. After that, identity verification is necessary, which includes providing a government-issued ID and proof of address, such as a utility bill or bank statement. It’s important to note that i-NET offers account flexibility, allowing users to upgrade to a professional account or switch between account types as their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.7 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/JPY) | 2.0 | $0 (ECN: $3.5/lot) | Competitive for minor pairs |
| CFDs (Indices) | 1.5 | $0 | Standard spreads for indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, traders at i-NET should be aware of other potential costs. Deposit and withdrawal fees may apply depending on the method used. There is an inactivity fee for accounts that remain dormant for an extended period. While i-NET does not charge platform usage fees, traders should consider overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does i-NET Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| i-NET Trader | Windows, macOS | Login security (encryption), market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| i-NET Trader Mobile App | iOS, Android | Login security (biometrics), symbol lookup, one-click trading, push notifications | Demo accounts |
| Web Version | Windows, macOS | Encryption, market search, multiple order types, price alerts | API interface |
i-NET’s trading platforms cater to a diverse range of traders. The i-NET Trader offers comprehensive tools for desktop trading, while the mobile app ensures that users can trade efficiently on-the-go. The web version provides flexibility for users who prefer not to download software. All platforms emphasize secure logins and fast order execution, with features that facilitate real-time alerts and effective market searching. This combination enhances the trading experience, making i-NET a versatile option for various trading needs.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-3 business days | No platform fee, 0.5% for withdrawals | Min €50, Max €10,000/day | EUR, USD |
| GrabPay | Instant | No platform fee | Min $10, Max $5,000/day | USD, SGD |
| SPEI | Instant | No platform fee, 1% for withdrawals | Min $200, Max $15,000/day | MXN, USD |
| Crypto Transfers | Instant | 1% processing fee | Min $50, Max $50,000/day | BTC, ETH |
| Credit/Debit Card | 1-2 business days | No platform fee, 2% for withdrawals | Min $30, Max $3,000/day | USD, EUR |
Minimum Deposit
i-NET requires a minimum deposit of $50 to open an account. This minimum deposit may vary based on the chosen payment method and the type of account selected. For example, using GrabPay, the minimum deposit is reduced to $10, whereas for bank transfers, it remains at $50.
How to Withdraw
To withdraw funds from your i-NET account, follow these steps:
- Log in to your i-NET account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Confirm your withdrawal request and review the fees applicable.
- Submit your request. Processing will begin according to the selected method’s timeframe.
Customer Support
i-NET Customer Support Overview
Support Channels
i-NET provides multiple contact methods to ensure that customers can easily reach out for help. The main support channels include:
- Email: Customers can contact support via email at info@inet-sec.co.jp. This is a convenient option for detailed inquiries.
- Live Chat: Although i-NET does not offer live chat support, customers can send their queries via email for prompt assistance.
- Telephone: Customers can reach i-NET support at +81 0120-916-707 for immediate help.
- Social Media: i-NET maintains a presence on various social media platforms where customers can follow updates and reach out for support as needed.
Service Availability
i-NET offers customer support services 24/5, ensuring that help is available during the key trading hours. Additionally, multilingual support is available, primarily in Japanese and English, allowing a broader range of clients to receive assistance in their preferred language.
Additional Resources
To further assist customers, i-NET provides a range of educational resources including:
- Video Tutorials: These are available to help users understand platform functionalities and trading strategies.
- Webinars: Regular webinars are hosted to educate traders on various aspects of forex trading.
- Market Analysis: i-NET offers market insights that can help customers make informed trading decisions.
- Trading Signals: Customers can access trading signals to enhance their trading strategies.
Overall, i-NET’s customer support is designed to provide efficient and effective help to ensure that traders have the resources they need to succeed.
Frequently Asked Questions
i-NET is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with local financial regulations and protecting client interests.
i-NET offers access to 24 currency pairs, with spreads starting from 0.7 pips for major pairs. The maximum leverage is 1:25, and there are no account opening fees for live trading accounts.
Client funds at i-NET are held in segregated accounts with reputable financial institutions, providing an added layer of security. Additionally, i-NET is regulated by the FSA, which mandates strict compliance with fund protection measures.
The i-NET Trader platform is designed for ease of use, featuring intuitive navigation and advanced charting tools. It also supports mobile trading, allowing users to manage their trades conveniently from their devices.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.