IUX

IUX Review: Is IUX Broker Good?

Broker overview and general information

IUX was founded in 2016 as an online CFD trading provider with headquarters in Cyprus. The company previously operated under the name "IUX Markets" and rebranded as "IUX" in 2024 in order 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 the most suitable service.

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), to ensure the reliability and safety of its services to clients.

Licensing and Regulation

If you ask if IUX broker is good or not, you have to start by considering the license and registration first, which are detailed as follows:

• IUX Markets Limited is incorporated in association 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, registered address at 16 Foti Kolakidi, 1st Floor, Office A, Agia Zoni, 3031, Limassol, Cyprus.

• 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 physical offices 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 wide liquidity. The main instruments are as follows:

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.
  
  

Index

• There are 23+ indices from markets all over 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 price from liquidity service integration

Trading Platform

Another feature that can be used to determine whether IUX broker is good or not is the presence of a variety 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 download or installation.

• IUX WebTrader: An easy-to-use web-based trading platform accessible anywhere, anytime, without downloading software.

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

IUX Account Type

IUX Broker offers trading with 3 types of accounts 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 commission.

• Minimum deposit $500

• Minimum withdrawal $5  

• Maximum leverage 1:3000

• Spread from 0.1 pips

• Commission $0 per lot

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

• Minimum deposit $500

• Minimum withdrawal $5 

• Maximum leverage 1:3000

• Spread from 0 pips

• Commission $6 per lot

Deposit and Withdrawal

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 having to wait long.

• fee:The broker does not charge any fees for deposits. However, the fees incurred may come from the provider or the bank used to make the transaction.

Withdrawal

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

• Processing time:Withdrawals often have processing times that may vary depending on the withdrawal channel chosen. Thai bank withdrawals are usually 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 ask 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 exchanged 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 3 levels in total.

  1. Rising Stars: Get 0.3 IRP/lot

  2. Champion: Get 0.5 IRP/lot

  3. Elite: Earn 0.8 IRP/lot

• Points redemption

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

  2. Each point has value

     • 1 IRP = 1 dollar credit

     • Or 1 IRP = $0.5 in trading balance.

• LotBack Receiving Process

  1. open an account

  2. Make a deposit

  3. Start trading

  4. Collect IRP points

  5. Redeem points
     
     

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, 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

Support and Customer Service

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

• Email:support@iux.com

• website:www.iux.com 

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

Summary of the IUX broker review, is it good?

Many traders often have the question, is it good to trade with IUX? In summary, IUX is a popular broker among traders. There are many user reviews. It is also licensed and regulated by many agencies such as FSC, FSCA and ASIC, which is a guarantee of safety to some extent. IUX stands out with low spreads starting at 0.0 pips, no Swap fees for all account types, and supports leverage up to 1:3000.


It also has a modern trading platform and more than 250 investment instruments. However, the disadvantages of IUX are that there is no loss protection guarantee and it does not support popular trading platforms such as MT4, which may not be suitable for some traders who want 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 can be a guarantee to some extent that the broker is reliable and trusted by many users. However, it is advisable to study more 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 many advantages such as low spreads, no swap fees on all account types, deposit bonuses, and a reliable license. However, it is important to consider all the pros and cons and the needs of the trader 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, which includes email and bank account verification, and can start trading immediately after the 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 many Thai banks such as Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, and Bangkok Bank with no additional fees for deposits. However, international banks may charge a fee.

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IUX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.