Frequently Asked Questions

1、How to start trading?

1.1 How to open position?

Click the buy or sell price in the left page, then there will pop out a window, and then choose the trading type and input the take-profit and stop-loss price(pips) directly( the stop-loss pips should be no more than 100).

1.2 What are the rules of the trading competition?

1) The maximum stop-loss points should be no more than 100 for each ticket in forex | precious metals |crude oil area. The user can adjust the stop loss within 100 points(the maximum stop-loss for digital currency arena is 10% );

2) In general , only 2 different positions are allowed to open(including pending order and market order). If the user wants more positions, he can use IFXs to buy more strategy card. However, there are only 5 positions allowed to open at the same time for each arena;

3) The same order could only be modified once every one minute(change take-profit/stop-loss and cancel pending orders);

4) The user can set take-profit protection on the condition that the profit pips of certain strategy is more than 10( 1% for digital currency);

5) The user will be banned from trading for 12hours if he loses 200 pips (20% for digital currency)in a row within 12hours in forex | precious metals| crude oil arena;

6) The user can use Zero clearing card when his performance is not good in certain arena. The number of zero-clearing cards used depends on your score: If the score is greater than -200 ,one card is ok; if between -200 to -300, then 2 cards is needed; and if between -300 to -400 , then 3 cards is needed, and so on. Once the zero card is used, his performance will be restored to the initial registration status. There is no limit of times. However, if there exists open trades (Not inlcuding pending orders), zero-clearing cards are not allowed to use;

7) Only when the profit of all the open orders of a certain variety exceeds 10 points (Crypto currency 1%), can this variety be ordered again. And the time between 2 orders of the same variety must be more than 10 minutes。

Notice: · Each person competes with only one user name. If a person compete with multiple user names , he will be considered cheating. Our website will report it , delete all his accounts , cancel his rankings and reserve the right to pursue its legal responsibility. Please select to use one user name to compete; 

· The competition system is independently developed by ifx.do, and please do not compare it with the MT4/MT5; 

· The purpose of trading competition is to select the better strategies, so the rules are set according to the investors’ needs. Please abide by relevant rules and avoid invalid strategy。

1.3 Why is there no concept of “Capital”?

The ranking is based on the pips(percentage) earned , and there is no positions, so there is no concept of “Capital”. This mode design can effectively avoid heavy positions strategy and evaluate the traders’ strategic analysis ability.Meanwhile, ifx.do allows to add positions for the same product in the premise of profitability, which can evaluate the traders’ level more comprehensively.

1.4 How to bind real account to follow the selected strategy?

Click the button“Trading competition”, and you’ll see a button named “options” at the bottom right of the page, click it , then there will pop out a window, where you choose your broker,enter your MT4 account and trading password as requested. The minimum trading lot means the minimum trading lot your broker allows, and you can set a fixed lot or ratio to follow the strategy. Finally, click the button confirm, your real account has finished binding.

2、Why can’t copy strategy from real account to ifx.do but can copy strategy from ifx.do to real account?

Firstly, ifx.do is not a strategy-tracking community, so please do not compare it with the traditional community.

The main business of ifx.do is online trading competition, so we do not accept the trading records.

3、What is mining?

3.1 How does the mining of ifx.do really work?

The user participates in trading competition and will get corresponding IFXs when he closes profitable positions according to his grade in his arena. The higher the grade is , the higher the mining efficiency is. If you want to know the details,pleaseclick here

The total daily target IFXs is 100,000, and the mining efficiency will be halved as the amount of the IFXs decreases. The refill time is UTC0( 8:00AM in the east district). For example, the user with grade 2 will get 3 IFXs for every profit pip when the amount is 100,000, while he will get 1.5IFXs if the amount is 50%~75% of the total daily target, and so on.

3.2 How to exchange the ifx token into money?

Firstly, apply to withdraw in the section “My Asset”, then change it to USDT by trading IFX/USDT at Coineal exchange (hk.Coineal.com). 1USDT=1 USD.

For more information , please refer to : 7.2 How to transfer IFX to Coineal? and 7.3 how to convert IFX into RMB?

3.3 How does the grading system affect the mining efficiency?

As for the IFXs obtained details, please check the below:

3.4 How does the use of props affect the mining efficiency?

Zero Clearing: If the user use this card in certain arena, his total profit pips, grade and trading history will be cleared to zero, but his personal assets will not be affected. Different amount of loss requires corresponding quantity of cards. If the score is greater than -200 ,one card is ok; if between -200 to -300, then 2 cards is needed; and if between -300 to -400 , then 3 cards is needed, and so on. Once the zero card is used, his performance will be restored to the initial registration status. There is no limit of times.

Extra bonus: IFXs obtained will be calculated as 1.2 times from the positions opened within 24h after using this props, which is subject to the open time. (as for pending orders, still calculates according to the open time).

Double bonus : IFXs obtained will be calculated as 2 times from the positions opened within 24h after using this props, which is subject to the open time. (as for pending orders, still calculates according to the open time).

More Strategy: The user can open more trades after this props is used, , but not more than 5 positions for each arena.

3.5 Which is more profitable, mining or strategy subscription?

Mining refers to sharing strategy on ifx.do and obtain IFXs, which can circulate on our website, for example, strategy subscription, props purchase and so on. As the website user, if you have good trading skills and time, you will be recommended our mining function.

The user can choose his favorite trader and copy the trader’s strategy to his real account to eventually achieve the purpose of account appreciation. . If you do not plan to spend a lot of time and effort on trading and just want to invest, you will be recommended our track strategy function.

4、How to subscribe and track the strategy?

4.1 How to subscribe?

Click the subscription button, then choose the subscription type, and then submit.

4.2 How to track strategy?

(1)In the ranking list page, click the subscription column to choose your favorite trader.

(2)Click the track button, choose Synchronize strategy to MT4 , the minimum trading lot your broker allows and the tracking way, then save and submit.

(3)Click the real account settings button on the bottom right, then fill in the information needed in the window popped out.

4.3 How to view the trader’s details?

Just click the image of the trader, then his homepage will pop out, and you can check almost everything about him and his trading there.

4.4 How to set the subscription price?

Click the button of my performance, then you will find the button of subscription settings on the homepage.

5、How does ifx.do make money?

5.1 What is the difference between ifx.do and other websites?

Firstly, ifx.do is not a strategy-tracking community, so please do not compare it with the traditional community.The main business of ifx.do is online trading competition, so we do not accept the trading records.

One-click tracking strategy is only a by-product of the online trading competition system of ifx.do.It is a service plate that facilitates the majority of retail investors to follow the real account of the game.In the process of tracking orders, there is no false propaganda and packaging, so appreciation of investor account can be greatly guaranteed.

5.2 What is the profit model of ifx.do?

(1)Advertising revenue and business income。

(2)Subscription fee. We will charge 30% of the subscription fee as the management fee。

(3)Earnings of compound trading signal and Intelligent fund。

5.3 I like the mode of ifx.do, so can i join it?

Yes, please scan the below QR for detailed information.

6、How does ifx.do combine with blockchain?

6.1 The application of blockchain technology to ifx.do

IFX.DO uses blockchain distributed bookkeeping technology to record the competitive operation of all traders to ensure that the performance cannot be tampered with, and to ensure the authenticity and fairness of trading competition.

6.2 The application of blockchain economic mode to ifx.do

IFX.DO uses Token and adopts digital assets of "be chained" to confirm the right of assets,which truly make it possible everyone can be rewarded as as long as he contributes to ifx.do.

7、How to withdraw IFX and get cash?

7.1 Is your ifx only listed on Coineal?

Currently yes, but perhaps will be listed on other exchange in the future.

7.2 How to transfer IFX from ifx.do to Coineal?

1、Log in your account on ifx.do, and click the button of my asset。

2、Click the button of withdraw, and fill in the window popped out。

3、Before fill in the window popped out, please firstly download the Coineal app and find ifx on the fund management page there.。

(Scan QR code to download the APP of Coineal)

4、Copy the ETH on the deposit page。

5、Go back to ifx.do to fill in the ETH address。

6、Fill in the quantity of the IFXs withdrew, and click confirmation。

7、Login in the Coineal App, and click my asset。

7.3 Turn IFXs into RMB?

(1)Process:

1) Withdraw IFXs from IFX.do to Coineal Exchange(7.2)
2) Turn IFXs into USDT
3) Turn USDT into RMB
(Note: Since Coineal does not support trading of USDT into RMB directly, we need to buy and sell USDT in other ways. This article takes the example of transferring USDT from Coineal exchange to HUOBI exchange and selling it into RMB.)

(2)Step

1、Login in your Coineal account, then choose token trading, and sell IFX

2、Check the balance and choose the “ sell limit” or “market price”

3、After finishing selling, just check the balance of USDT in my asset.

By so far, we have finished the process of USDT exchange

4、Scan this QR code to register HUOBI account

5、Download HUOBI App and Log in to Complete Real Name Authentication

6、Withdraw USDT from the Coineal exchange to the HUOBI exchange

(1)
1)Withdraw USDT in Coineal
2)Fill in the USDT recharge address of the HUOBI into the withdrawal address here
3)Enter the amount
4)Submit withdrawals
(View 3.3.2 for the USDT recharge address of HUOBI Network)

(2)
1)In Fire Currency APP, the asset item French Currency Account should be filled with currency, and the currency should be USDT.

2)Fill in the coinage address here.;

7、Turn USDT into RMB
1)Choose on HUOBI App: Transaction - Legal currency -Sell - USDT - For sale
2)Fill in the quantity, select the method of collection and submit it

8、Receive the payment from the buyer and turns it into cash

7.4 How to Buy IFXs on Exchange?

How to buy IFXs and recharge it to IFX.do

Process:
1、Purchase USDT in RMB
2、Purchase IFXs in USDT
3、Replenish IFXs to IFX.do
(Note: Since Coineal has dropped the function of purchasing USDT in RMBi, so we need to buy USDT in other ways. This article takes the example of purchasing USDT from HUOBI APP and then recharging it to Coineal exchange.)

1、Turn RMB into USDT
1.1 Scan this QR code to register HUOBI account

1.2 Download HUOBI App and Log in to Complete Real Name Authentication.。

1.3Purchase USDT

1.3.1 Select 1. Transaction - 2. Legal currency - 3. Select USDT - 4. Input purchase quantity - 5. Submit purchase
1.3.2 Check the prompt carefully and click to pay. Payment is marked as paid after completion.

1.4 Check the purchased USDT and withdraw it to the Coineal exchange
1.4.1 Select the Legal currency account in the ASSET to check the USDT and select “withdraw”.


1.4.2 1. Select USDT in the currency withdrawal option;
2. Fill in the Coineal's USDT recharge address here.
3. Input withdrawal amount;
4. Submit withdrawal amount.

The USDT recharge address of Coineal is shown in 1.5

1.5 Check Coineal's USDT recharge address and the number of USDT

1.5.1 In My Asset Management, you can see the number of USDT available

1.5.2 Select USDT to click on the Recharge Button to find the address needed in 1.4.2

2、 Purchase IFXs in USDT

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