IUX

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 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.

Licensing and regulation

If you're wondering whether IUX is a good broker, you should first consider its licensing and registration, which are detailed as follows:

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

• IUX Markets ZA (PTY) Ltd is licensed 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.

• The Australian Securities and Investments Commission (ASIC) license number 529610 is under the name IUX MARKETS AU PTY LTD.

• IUX Markets (MU) Ltd. is licensed by the Financial Services Commission (FSC) of Mauritius under the Investment Dealer license category, number GB22200605. It is registered at Ebene House, Hotel Avenue, 33 Cybercity, Ebene, 72201, Mauritius, with its physical office located at 713, 7th Floor, Nexsky Building, Ebene Cybercity, 72201, Mauritius.
  
  
  

Products and trading platforms

Trading products

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

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.

Trading 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 trading platforms:

• MetaTrader 5: The latest version of MetaTrader, featuring additional functionalities such as new technical indicators, a strategy builder, and an advanced risk management system.

• 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.

IUX Account Types

IUX broker offers three types of accounts to accommodate different trading needs, as follows:

Standard Account: Suitable for beginners.

• Minimum deposit $10

• Minimum withdrawal is $5

• Maximum leverage 1:3000

• Spread from 0.2 pips

• Commission $0 per lot

Pro Account: An account for professional traders that comes with no commissions.

• Minimum deposit $30

• Minimum withdrawal is $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 $30

• Minimum withdrawal is $5

• Maximum leverage 1:3000

• Spread from 0 pips

• Commission $7 per lot

Deposits and withdrawals

Deposit

• Deposit methods:The broker supports deposits through all Thai banks, as well as payments via QR Code.

• 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; however, fees incurred may come from the service provider or the bank used for the transaction.

Withdrawal

• Withdrawal methods:Withdrawals can be made 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.

• 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:The broker does not charge fees for withdrawals, but you should check the latest terms and conditions on the website or contact customer service for clarification.

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.

1. Rising Stars: Receive 0.5 IRP/lot.

2. Champion: Receive 0.8 IRP/lot.

3. Elite: Receive 1.0 IRP/lot.

4. Master: Receive 1.2 IRP/lot.

5. Legend: Receive 1.5 IRP/lot.

Point redemption

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

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

3. Each point has value.

• 1 IRP = 1 dollar credit

• Or 1 IRP = $0.50 in your trading balance.

Steps to receive LotBack

1. open an account

2. Deposit money

3. Start trading

4. Accumulate IRP points.

5. Redeem points

*Please review the program details and terms and conditions.LotBack

2. Affiliate Program

Affiliate Program Terms and Conditions

• Introducing Broker (IB) Program

  • Start earning commissions from 25% 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 and service.

If traders encounter any problems while using the service, 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 through the official website, IUX application, and all social media platforms.

Summary of reviews: Is IUX a good broker?

Many traders often ask, "Is IUX a good broker to trade with?" In summary, IUX is a popular broker among traders, with numerous user reviews. It is also licensed and regulated by several bodies such as the FSC, FSCA, and ASIC, which guarantees a certain level of security. IUX stands out with its low spreads, starting at 0.0 pips, no swap fees on all account types, and support for leverage up to 1:3000.


Furthermore, IUX offers a state-of-the-art trading platform and over 250 investment instruments. However, a drawback of IUX is that it does not guarantee 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 they should study the details further before deciding to use its services.

Frequently Asked Questions about IUX

Q: Is IUX a scam?

A: Based on reviews and trustworthiness ratings, such as the TrustScore of 4.73 from 2,253 reviews on TrustFinance, this can provide a certain level of assurance that the broker is reliable and trusted by a large number of users. However, you should still conduct further 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 confirmation. You 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 into IUX?

A: IUX supports deposits through several Thai banks, such as Siam Commercial Bank, Krung Thai Bank, Kasikorn Bank, and Bangkok Bank, without any additional fees for deposits. However, fees may apply for international banks.

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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.