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

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

• The spread starts at 0.0 pips.

Stocks

• There are 15+ leading stocks.

• It covers popular and highly liquid companies.

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.

Platform

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 platforms:

• IUX Client Dashboard: Trade and manage everything directly through your browser dashboard—whether trading, depositing, or withdrawing funds—without downloading or installing any additional software.

• IUX App Trade: An all-in-one application designed for maximum convenience. It supports trading, account management, deposits/withdrawals, and real-time market updates—all in one app.

• MetaTrader 5 (MT5) for Windows and Mac OS: Ideal for traders who prefer desktop trading with advanced chart analysis tools and full-featured functionality.

• MetaTrader 5 (MT5) for Android and iOS: Perfect for mobile trading, allowing you to monitor market conditions and place orders quickly on the go.

• MetaTrader 5 WebTerminal: A dedicated web-based channel for CFD trading via MetaTrader 5, allowing you to access your portfolio instantly from any computer.

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 $30, while the Pro and Raw accounts require a minimum deposit of $200. Additionally, IUX offers the option to convert accounts to Islamic accounts for those who wish to trade without swaps according to Sharia regulations.

Standard Account — Suitable for beginners.

• Minimum deposit of $30

• Minimum withdrawal is $10

• Maximum leverage 1:3000

• 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 $30 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.

• Minimum deposit $200

• Minimum withdrawal is $10

• Maximum leverage 1:3000

• Spread from 0.1 pips

• Commission $0 per lot

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.

• Minimum deposit $200

• Minimum withdrawal is $10

• Maximum leverage 1:3000

• Spread from 0 pips

• Commission $7 per lot

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 a wide range of payment methods, including bank transfers, credit/debit cards, e-wallets, and other electronic payment solutions, providing convenience and flexibility for clients worldwide.

• Minimum deposit: For IUX's Standard account, the minimum deposit is just $30, making it suitable for beginners and traders who want to test the platform.

• Deposit bonus: Currently, IUX does not offer any deposit bonuses for first-time deposits or other promotional deposit programs.

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

• Fees: IUX does not charge fees for deposits, withdrawals, or account inactivity. However, third-party payment providers or banks may apply their own charges.

Withdrawal

• Withdrawal methods: IUX supports various withdrawal options, including bank transfers, e-wallets, and other available payment channels, ensuring convenience and security for clients.

• Processing time: Withdrawal processing times vary depending on the selected payment method. In most cases, funds are processed quickly after the withdrawal request is approved.

• Fee: IUX does not charge withdrawal fees. Generally, there are no fees for deposits, withdrawals, or account inactivity. However, clients should check with their payment provider or bank regarding any potential third-party charges.

• Minimum withdrawal amount: The minimum withdrawal amount is $10.

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. (See LotBack Program Terms and Conditions.)

LotBack status — Clients start at the 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 account types.

• Each point has value: 1 IRP = $0.50 in trading balance.

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.

2. Affiliate Program

(See Affiliate Program Terms and Conditions.)

Introducing Broker (IB) Program

• Start earning commissions from 20% up to 45%.

• Earn daily compensation and lifetime income as long as your referred customers remain active.

• Multi-level commission structures help increase network earnings.

Affiliate Program

• Ideal for bloggers, website owners, and publishers.

• Earn up to 10,000 USD.

• Supports diverse partner models, along with modern marketing tools.

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 with specific needs.

• Email: [email protected]

• Website: www.iux.com

• Support Ticket: Log in to your IUX Client Dashboard to submit a support ticket directly to our team.

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; and support for leverage up to 1:3000, and it 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 registering on the IUX website and completing 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 a variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and other available payment solutions. For the Standard account type, the minimum deposit is only $30, and IUX does not charge any deposit fees. Clients can also withdraw funds through multiple payment channels, offering flexibility and security. Please note that fees may apply if charged by third-party payment providers or financial institutions.

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.

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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.