IUX

IUX Review: Is IUX a good broker?

Broker overview and general information

IUX was founded in 2016 as an online CFD trading provider, with headquarters in Cyprus. The company originally operated under the name "IUX Markets" and rebranded as "IUX" in 2024 to further develop the broker. Over the years, IUX has expanded its services to clients in over 170 countries, constantly improving its technology and studying client needs to create tailored services.

IUX is currently licensed by several financial regulators, 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 safety of its services to clients.

Licensing and Regulation

If you're asking whether IUX is a good broker, you'll probably need to consider its license and registration first, which are detailed below.

• IUX Markets Limited is incorporated in conjunction with the Financial Services Authority in St. Vincent and the Grenadines under registration number 26183 BC 2021 at Beachmont Business Centre, 321, Kingstown, St. Vincent and the Grenadines.

• IUX Markets ZA (PTY) Ltd is authorised by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP number 53103, registered at 1st Floor Cnr Kildare Road and MA, Newlands, Cape Town, Western Cape, 7550.

• Australian Securities and Investments Commission (ASIC) License No. 529610 under IUX MARKETS AU PTY LTD.

• IUX Markets (MU) Ltd. is authorised by the Financial Services Commission (FSC) of Mauritius with Investment Dealer License No. GB22200605, registered at Ebene House, Hotel Avenue, 33 Cybercity, Ebene, 72201, Mauritius and has its physical office at Office No. 713, 7th Floor, Nexsky Building, Ebene Cybercity, 72201, Mauritius.
  
  
  

Trading products and platforms

Trading products

The broker offers a wide range of CFDs covering global markets with competitive trading conditions and diverse liquidity. The main instruments are:

Currency (Forex)

• There are 63+ currency pairs including major, minor and exotic pairs.

• Highly liquid market with low spreads
  
  

Crypto CFD

• There are 120+ cryptocurrency products.

• Trade 7 days a week, including leading cryptocurrencies.
  
  

Indices

• There are 23+ indices from markets around the world.

• Spreads start at 0.0 pips
  
  

Stocks

• There are 15+ leading stocks.

• Covers popular and highly liquid companies
  
  

Metals

• There are 10+ products such as gold and silver.

• Competitive prices on popular currency pairs
  
  

Energy

• There are 10+ energy products such as oil.

• Clear pricing from liquidity service integration

Trading platform

Another factor that can be used to determine whether an IUX broker is good is its wide range of trading platforms to facilitate efficient trading. The broker supports the following trading platforms:

• MetaTrader 5: The latest version of MetaTrader with additional functionality such as new technical indicators, strategy builder and advanced risk management system.

• MetaTrader5 WebTerminal: Allows traders to trade CFDs on the MetaTrader 5 web platform directly from their browser without any downloads or installations.

• IUX WebTrader: A user-friendly web-based trading platform that's accessible anytime, anywhere, without the need to download software.

• IUX App Trade: Mobile trading application, supporting both iOS and Android, allowing you to trade anywhere, anytime.

IUX Account Type

IUX broker offers trading with 3 account types to support different trading needs as follows:

Standard Account: Ideal for beginners.

• Minimum deposit $10

• Minimum withdrawal $5  

• Maximum leverage 1:3000

• Spread from 0.2 pips

• Commission $0 per lot

Pro Account: Account for professional traders with free commissions.

• Minimum deposit $500

• Minimum withdrawal $5  

• Maximum leverage 1:3000

• Spread from 0.1 pips

• Commission $0 per lot

Raw Account: Designed for those who want tight spreads and direct market access.

• Minimum deposit $500

• Minimum withdrawal $5

• Maximum leverage 1:3000

• Spread from 0 pips

• Commission $7 per lot

Deposits and withdrawals

Deposit

• Deposit channels:The broker supports deposits via all Thai banks, including QR Code payments.

• Processing time:Most deposits are credited instantly, allowing traders to start trading without any waiting.

• fee:Brokers do not charge any fees for depositing funds. However, fees may be incurred by the provider or bank used to make the transaction.

Withdrawal

• Withdrawal channels:Withdrawals can be made through Thai banks such as Siam Commercial Bank, Krungthai Bank, Kasikorn Bank, Bangkok Bank, Krungsri Bank, TMB Bank, Kiatnakin Bank, CIMB Thai Bank, UOB Bank, and Government Savings Bank.

• Processing time:Withdrawals often have processing times that vary depending on the withdrawal method chosen. Thai bank withdrawals are typically credited within 1-15 minutes after the transaction is completed.

• fee:The broker does not charge any fees for withdrawals, but it is best to check the latest terms on the website or contact customer service for clarification.

IUX promotions

1. LotBack program

A special program that rewards traders for every 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 are automatically promoted based on accumulated trading days. There are 5 levels in total.

1. Rising Stars: Earn 0.5 IRP/lot

2. Champion: Earn 0.8 IRP/lot

3. Elite: Earn 1.0 IRP/lot

4. Master: Get 1.2 IRP/lot

5. Legend: Get 1.5 IRP/lot

Points redemption

1. You can redeem your points at any time without any restrictions.

2. Points can be redeemed for cash on all accounts and for Standard+ trading credits only.

3. Each point has value

• 1 IRP = 1 dollar credit

• Or 1 IRP = 0.5 dollars in trading balance.

LotBack Receiving Process

1. open an account

2. Deposit money

3. Start trading

4. Accumulate IRP points

5. Redeem points

*Study additional information and conditions of the program.LotBack

2. Affiliate program

Affiliate Program Terms and Conditions

• Introducing Broker Program (IB Program)

  • Start earning commissions from 25% up to 45%.

  • Earn daily commissions and lifetime income as long as your referred clients are active.

  • Multi-level commissions help you increase your network income.

• Affiliate Program

  • Ideal for bloggers, website owners, and publishers.

  • Earn up to 10,000 USD

  • Supports a variety of affiliate models with modern marketing tools.

Customer Support and Service

If traders encounter any problems, have questions, or need assistance, they can contact us through the following channels:

• Email:[email protected]

• website:www.iux.com 

• Live chat is available 24/7 via the official website, IUX Application, and all social media platforms.

Summary of the overall review of the IUX broker: Is it good?

Many traders often ask, "Is trading with IUX a good idea?" In short, IUX is a popular broker among traders, boasting numerous user reviews. It's also licensed and regulated by multiple regulatory bodies, including the FSC, FSCA, and ASIC, guaranteeing a certain level of safety. IUX stands out with its low spreads, starting at 0.0 pips, no swap fees on all account types, and leverage up to 1:3000.


It also offers a modern trading platform and over 250 investment instruments. However, the downside of IUX is that it does not offer loss protection and 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 and cost-effective broker, but it is recommended to study more details before deciding to use the service.

Frequently Asked Questions about IUX

Q: Is IUX a scam?

A: Based on reviews and trust scores received, such as a TrustScore of 4.73 from 2,253 reviews on TrustFinance, it is possible to guarantee that the broker is reliable and trusted by many users. However, it is advisable to do more research and check reviews from various sources to make an informed decision.

Q: Is it good to trade with IUX?

A: IUX is a broker with several advantages, such as low spreads, no swap fees on all account types, deposit bonuses, and a reputable license. However, it is important to consider all the pros and cons and the trader's 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 identity verification, which includes email and bank account verification, and can start trading immediately after verification is complete.

Q: What is the minimum withdrawal amount for IUX?

A: The minimum withdrawal amount with IUX is $5 or approximately 160 baht.

Q: How do I deposit money at IUX?

A: IUX supports deposits via several Thai banks, such as Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, and Bangkok Bank, with no additional deposit fees. However, international banks may charge a fee.

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