IUX Review: Is IUX a good broker?
Overview and general information about brokers.
IUX was founded in 2016 as an online CFD trading provider, headquartered in Cyprus. Originally operating under the name “IUX Markets,” it was rebranded as “IUX” in 2024 to further develop and improve its brokerage services. Over the years, IUX has expanded its services to clients in over 170 countries worldwide, focusing on technological advancements and understanding client needs to create tailored services.
IUX Markets Limited currently holds licenses from several financial regulatory bodies, including the Australian Securities & Investment Commission (ASIC), Mauritius’ Financial Services Commission (FSC), and South Africa’s Financial Sector Conduct Authority (FSCA), ensuring the reliability and security of its services to clients. Furthermore, IUX Markets Limited is registered with the Financial Services Authority of St. Vincent and the Grenadines under registration number 26183 BC 2021. IUX operates under a multi-regulatory framework to create a safe trading environment for clients. IUX accepts clients from many countries worldwide, excluding certain regions with regulatory restrictions, such as the United States, North Korea, and some countries subject to company policy restrictions. Interested parties should check client eligibility requirements before opening an account.
Licensing and regulation
If you're wondering whether IUX is a good broker, you should first consider its licensing and registration, which are detailed below.
IUX Markets ZA (PTY) Ltd is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP number 53103 registered at...18 Cavendish Road, Claremont, Cape Town, Western Cape, 7708.
The Australian Securities and Investments Commission (ASIC) license number AFS529610 is under the ownership of IUX MARKETS AU PTY LTD.
IUX Markets (MU) Ltd. is licensed by the Financial Services Commission (FSC) of Mauritius with an Investment Dealer license number GB22200605, registered at...18 Bank Street, Ground Floor, Silver Bank Tower, Cybercity, Ebene 72201, Mauritius
IUX operates under a multi-regulatory framework, including oversight from the Financial Services Authority and the Financial Sector Conduct Authority (FSCA) in South Africa, to enhance the credibility and security of its services.
Products and trading platforms
Trading products
IUX Market offers all products in a CFDs trading format, providing investors with convenient and flexible access to global markets. A wide variety of instruments are available, covering popular markets, along with competitive trading conditions suitable for both novice and experienced traders.
IUX is recognized for its tight spreads, with user feedback indicating spreads starting from 0.0 pips, and also offers competitive trading costs, especially on the Raw ECN account, which is ideal for active traders seeking low costs for CFD trading.
Currency (Forex)
There are 63+ currency pairs, including major, minor, and exotic pairs.
A highly liquid market with low spreads.
Crypto CFD
There are 120+ digital currency products.
Available for trading 7 days a week, including leading cryptocurrencies.
Indices
Stocks
Metals
There are 10+ products available, such as gold and silver.
Competitive pricing on popular currency pairs.
Energy
There are 10+ energy products, such as oil.
Pricing is clearly defined by the inclusion of liquidity services.
Trading platforms
Another feature that can be used to determine whether an IUX broker is good is its diverse range of trading platforms, which facilitate efficient trading. The broker supports the following trading platforms:
MetaTrader 5: MT5 is IUX's core trading platform that supports advanced trading tools, a wide range of technical indicators, and automated trading such as Expert Advisors (EAs), enabling the creation of effective automated trading strategies. Furthermore, MT5 is renowned for providing an efficient trading environment with low costs and high execution speed.
MetaTrader 5 Web Terminal: Allows traders to trade CFDs directly on the MetaTrader 5 web platform from their browser without downloading or installing anything.
IUX WebTrader: An easy-to-use web-based trading platform accessible anytime, anywhere, without the need to download software.
IUX App Trade: A mobile trading application compatible with both iOS and Android, allowing you to trade anytime, anywhere.
All IUX trading platforms are designed to provide an efficient trading environment for both novice and professional traders. They support cross-device use and feature trading tools such as pip calculators, margin, swap, profit/loss, and various technical indicators for analysis.
In addition, IUX has added trading tools and analytics through its connection to TradingView to help users analyze the market more accurately and conveniently.
Mobile Trading
For traders seeking flexibility and agility in their investments, IUX offers a comprehensive mobile trading experience through the IUX Trade App, available for both iOS and Android, allowing you to manage your account and track the markets anytime, anywhere.
IUX Account Types and Minimum Deposit
The IUX broker offers three main types of live trading accounts: Standard, Pro, and Raw. These account types are designed to cater to both retail investor accounts and experienced traders, with each account option supporting different trading styles, whether scalping, intraday, or algorithmic trading.
All IUX accounts are swap-free and support high leverage up to 1:3000, suitable for both beginner and experienced traders. The Standard account has a minimum deposit of just $10, while the Pro and Raw accounts require a minimum deposit of $500. Additionally, IUX offers the option to convert accounts to Islamic accounts for those who wish to trade without swap according to Sharia regulations.
The details for each account type are as follows:
Standard Account: Suitable for beginners.
Minimum deposit of $10 for a Standard account
Minimum withdrawal is $10
Maximum leverage 1:3000
The spread starts at 0.2 pips
Commission $0 per lot
The IUX Standard account is ideal for beginner traders, with a minimum deposit of just $10 and competitive spreads starting from 0.2 pips, with no commissions, making it an accessible and worthwhile option for new traders.
Pro Account: An account for professional traders that comes with no commissions.
IUX's Pro account is designed specifically for professional and active traders, featuring tight spreads starting at 0.1 pips and no commissions. It's ideal for those seeking advanced trading conditions at low costs.
Raw Account: Designed for those who want tight spreads and direct market access.
This Raw account is suitable for experienced and active traders who want direct market access and tight spreads from 0.0 pips with a commission of $7 per lot.
Demo Account
For those who want to try trading or practice new strategies without risking real money, IUX offers you the opportunity to start with a free demo account accessible through the IUX website.
Deposit and withdrawal
Deposit
Deposit methods:The broker supports deposits via all Thai banks, including QR code payments. Other payment methods are also available, such as credit/debit cards, e-wallets, and international bank transfers, providing convenience and flexibility for deposits and withdrawals.
Minimum deposit:For IUX's Standard account, the minimum deposit is just $10, which is ideal for beginners and traders who want to test the system.
Deposit bonus:Currently, IUX does not offer any deposit bonuses for first deposits or any other promotions.
Processing time:Most deposits are credited to the account instantly, allowing traders to start trading without waiting.
fee:The broker does not charge fees for deposits, withdrawals, or account inactivity. However, any fees incurred may be levied by the service provider or bank used for the transaction.
Withdrawal
Withdrawal methods:IUX supports a variety of withdrawal methods, including withdrawals through Thai banks such as Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, Bangkok Bank, Krungsri Bank, TMB Bank, Kiatnakin Bank, CIMB Thai, UOB, and Government Savings Bank, as well as other standard payment channels for the convenience and security of customers.
Processing time:Withdrawal processing times may vary depending on the chosen withdrawal method. Withdrawals via Thai banks are typically credited within 1-15 minutes after the transaction is completed.
fee:IUX does not charge withdrawal fees for withdrawals, and generally there are no fees for deposits, withdrawals, or account inactivity. However, customers should check whether their bank or payment provider may charge any additional fees.
Minimum withdrawal amount:Customers can withdraw a minimum of $5.
IUX promotions
1. LotBack program
A special program that rewards traders for all trading activity by accumulating LotBack Points (IRP), which can be redeemed for cash or trading bonuses.
LotBack Program Terms and Conditions
LotBack status
Clients start at Rising Stars status and automatically advance based on the cumulative number of trading days. There are a total of 5 levels.
Rising Stars: Receive 0.5 IRP/lot.
Champion: Receive 0.8 IRP/lot.
Elite: Receive 1.0 IRP/lot.
Master: Receive 1.2 IRP/lot.
Legend: Receive 1.5 IRP/lot.
Point redemption
You can redeem your points at any time without any restrictions.
Points can be redeemed for cash across all accounts, and for trading credit only on Standard+.
Each point has value.
Steps to receive LotBack
open an account
Deposit money
Start trading
Accumulate IRP points.
Redeem points
*Please review the program details and terms and conditions.LotBack
2. Affiliate Program
Affiliate Program Terms and Conditions
Customer support
If traders encounter problems using the platform, have questions, or need assistance, they can contact customer support through various channels. IUX provides customer service in multiple languages, including English, Spanish, and Bahasa Indonesia, to cater to traders focused on specific needs.
Email:[email protected]
website:www.iux.com
Live chat is available 24/7 on business days via the official website, IUX application, and all social media platforms. Chat responses are typically within 1-3 minutes, and emails are responded to within 24 hours.
Summary of reviews: Is IUX a good broker?
Many traders often ask, "Is IUX a good broker?" or "Is IUX legitimate?" In summary, IUX is a popular broker among traders, recognized as a reliable broker and considered legitimate due to its multi-regulatory framework and numerous positive user reviews. It boasts a 4.3-star rating on Trustpilot and 88 stars on TrustFinance. Furthermore, it holds licenses and regulations from multiple bodies such as the FSC, FSCA, and ASIC, guaranteeing safety and creating a secure trading environment for its clients.
IUX stands out with its low spreads, starting at 0.0 pips, no swap fees across all account types, support for leverage up to 1:3000, and is ideal for cost-conscious traders looking for competitive trading expenses, especially the low-cost Raw ECN account, along with an efficient trading environment that caters to both novice and experienced traders.
In terms of security, IUX has negative balance protection to prevent clients from losing more than the amount in their account and uses segregated accounts to separate client funds from company funds, increasing confidence in the security of funds. In addition, IUX is a member of The Financial Commission, which has a compensation fund of up to €20,000 for qualifying complaints, and has a transparent operating history since 2016.
However, a drawback of IUX is that it does not support popular trading platforms like MT4, which may not be suitable for some traders who prefer to trade via MT4. In summary, IUX is suitable for investors who want a flexible, cost-effective, and highly secure broker, and they should study the details further before deciding to use its services.
Frequently Asked Questions about IUX
Q: Is IUX a scam?
A: IUX is considered legitimate as it is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa (FSP number 53103) and has positive user reviews, such as a TrustScore of 88 from 2,279 reviews on TrustFinance and 4.3 stars on Trustpilot. Therefore, you can be confident in the reliability and security of this broker. However, you should still do your research and check reviews from various sources before making a decision.
Q: Is trading with IUX a good idea?
A: IUX is a broker with several advantages, such as low spreads, no swap fees on all account types, and deposit bonuses. It also holds a reputable license. However, traders should consider all the pros and cons and their own needs before making a decision.
Q: How do I open an account with IUX?
A: Opening an account with IUX can be done by...registerOn the IUX website, complete the identity verification process, which includes email and bank account verification. IUX offers several account types, such as Standard, ECN, and Pro, each with different features such as spreads, commissions, and minimum deposits to suit the needs of different traders. Trading can begin immediately after verification is complete.
Q: What is the minimum withdrawal amount for IUX?
A: The minimum withdrawal amount with IUX is $10, or approximately 330 baht.
Q: How do I deposit money into IUX?
A: IUX supports deposits through several Thai banks, such as Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, and Bangkok Bank, with no additional fees for deposits. For the Standard account type, the minimum deposit is only $10. IUX also offers a variety of withdrawal methods, including bank transfers, e-wallets, and crypto, for customer convenience and security. However, fees may apply for international bank transfers.
Q: IUX Review
A: According to the IUX review, this broker has received positive user reviews, with a rating of 4.3 stars on Trustpilot and 88 stars on TrustFinance, reflecting user satisfaction and trust in IUX's services.
Choose the safest and most suitable broker with reviews from TrustFinance.
Start Forex trading easily. Choose a safe and reliable broker with TrustFinance, a comprehensive source of information and reviews from over 180,000 Forex brokers and financial institutions, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX, and many more.
IUX review compares spreads, fees, trading platforms, deposit and withdrawal conditions, and more, along with reviews from real users, to help you choose the broker that best suits your needs.
