Updated: 07/10/2024

IUX

IUX Review

4.1 / 5
987 ratings
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.07 Jul 2024
author avatar image Chad Smith

Table of Contents

Introduction

IUX Main Features
Feature Title Feature Value
Year Founded2016
HeadquartersCyprus
Minimum Initial Deposit$10
Demo TradingYes
Average Spread EUR/USD0.5 pips
Withdrawal FeeNo
Withdrawal Time5-15 minutes
Inactivity FeeNo

Are you looking for a reliable broker in 2024? IUX might be the perfect match for you. Established in 2016, IUX has become a leading online trading broker, offering competitive spreads, fast execution, and diverse tradable instruments. From currencies and stocks to indices, commodities, and cryptocurrencies, IUX covers all the bases.

IUX boasts a secure and regulated trading environment suitable for various types of traders. Whether you are a beginner or an experienced trader, its low costs, fast execution, and user-friendly web interface make it a standout choice. With a minimum deposit of just $10, even beginners can get started without breaking the bank.

Customer support at IUX is top-notch, providing quick and helpful responses to queries. Deposits and withdrawals are smooth and hassle-free, ensuring a hassle-free trading experience. With a solid reputation and a range of features to cater to all trading needs, IUX is a broker worth considering.

Key Takeaways

  • IUX offers competitive spreads, fast execution, and diverse tradable instruments.
  • User-friendly with excellent customer service, IUX is accessible to beginners and experienced traders.
  • Secure and regulated, IUX ensures a reliable trading environment.

Company Profile

IUX is a global forex and CFDs broker that has gained a reputation for low spreads, fast execution, and user-friendly platforms. It is registered in several jurisdictions and offers a variety of account types suitable for both beginners and experienced traders.

Regulatory Compliance and Licences

IUX is regulated by two financial authorities, ensuring oversight and compliance. The broker holds licenses from the Labuan Financial Services Authority (LFSA) in Malaysia and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

These regulatory bodies help ensure that IUX adheres to strict standards regarding anti-money laundering (AML) policies and overall financial conduct. This broad regulatory compliance helps in providing a secure and trustworthy trading environment.

EntityLicenseRegulatory AuthorityRegion
IUX Markets LtdNo. LL18105Labuan Financial Services Authority (LFSA)Malaysia
IUX Markets LtdNo. 26183 BC 2021Financial Services Authority (FSA)Saint Vincent and the Grenadines

Company Background and Reputation

Established in 2016, IUX has become a well-recognised name in the trading industry. Although the company’s headquarters are in Cyprus, it serves clients worldwide.

IUX has become known for offering competitive spreads and a range of trading instruments, from forex to commodities and indices. The broker’s reputation is bolstered by its high ratings in customer reviews and industry evaluations, making it a reliable choice for traders.

Account Security and User Safety

IUX prioritizes user safety and account security. The broker employs advanced encryption technologies to secure personal and financial information.

Furthermore, IUX has implemented robust customer verification processes to comply with AML regulations. They offer segregated accounts to ensure client funds are kept separate from the company’s operational funds, enhancing the safety of your investments.

Regular audits and rigorous security protocols contribute to maintaining a high level of trust and reliability in their trading environment.

Accounts and Registration

IUX offers a range of account types tailored to different trading needs. Opening an account is straightforward, with low minimum deposit requirements and flexible features.

Types of Accounts Offered

Account TypeMinimum DepositSpreadCommissionLeverageFeatures
IUX Standard Account$10From 0.2 pipsNoneUp to 1:3000 (varies by region)Suitable for all traders, no commission, flexible trading conditions.
IUX Standard+ Account$10From 0.5 pipsNoneUp to 1:1000 (varies by region)Offers a deposit bonus of up to 35%, ideal for those seeking additional trading benefits.
IUX Raw Account$500From 0.0 pips$3 per lot per sideUp to 1:3000 (varies by region)Tailored for traders preferring tight spreads, minimal fixed commission, cost-effective trading.
IUX Pro Account$500From 0.1 pipsNoneUp to 1:3000 (varies by region)Designed for professional traders, commission-free, high-volume trading environment.
IUX Demo AccountN/AN/AN/AN/APractice account with virtual funds, helps new traders familiarize themselves with the platform.
IUX Islamic AccountSame as standardSharia-compliant spreadsNoneUp to 1:3000 (varies by region)Swap-free account, compliant with Islamic finance principles, suitable for Muslim traders.
  • IUX Standard Account:
    • Minimum deposit of $10.
    • Spreads from 0.2 pips.
    • No commission.
    • Leverage up to 1:3000 (varies by region).
    • Suitable for all traders with flexible trading conditions.
  • IUX Standard+ Account:
    • Minimum deposit of $10.
    • Spreads from 0.5 pips.
    • No commission.
    • Leverage up to 1:1000 (varies by region).
    • Offers a deposit bonus of up to 35%, providing additional trading benefits.
  • IUX Raw Account:
    • Minimum deposit of $500.
    • Spreads from 0.0 pips.
    • $3 per lot per side commission.
    • Leverage up to 1:3000 (varies by region).
    • Tailored for traders who prefer tight spreads and cost-effective trading.
  • IUX Pro Account:
    • Minimum deposit of $500.
    • Spreads from 0.1 pips.
    • No commission.
    • Leverage up to 1:3000 (varies by region).
    • Designed for professional traders, offering a commission-free, high-volume trading environment.
  • IUX Demo Account:
    • Allows practice with virtual funds.
    • Helps new traders familiarize themselves with the platform without risking real money.
  • IUX Islamic Account:
    • Follows the same structure as the standard account.
    • Sharia-compliant, swap-free.
    • Suitable for Muslim traders, ensuring adherence to Islamic finance principles.

IUX provides several account types to suit various trading styles. The Standard Account is ideal for beginners, featuring a minimum deposit of just $10, spreads starting from 0.2 pips, and leverage up to 1:3000.

For more experienced traders, the Standard+ Account offers additional features for a slightly higher minimum deposit. Those seeking even more advanced features can opt for the Pro Account, which combines low spreads, higher leverage options, and other professional tools.

In addition to the live trading accounts, IUX also provides a demo account. This allows you to practice trading strategies without risking real money, which benefits both new and experienced traders.

Account Opening Process

Registering for an IUX account is simple and quick. First, visit the IUX website and click the ‘Sign Up’ button. Then, you’ll be asked to fill out a form with your personal information, such as name, email, and phone number.

After submitting the form, you’ll receive a verification email. Clicking the link in the email verifies your account. Next, you must upload identification documents for KYC (Know Your Customer) purposes. This ensures the security and legitimacy of your trading activities.

Once your documents are verified, you can fund your account. IUX accepts various payment methods, including credit/debit cards, bank transfers, and e-wallets. With a minimum deposit of just $10, new traders can quickly start trading.

Trading Platform and Software

IUX provides multiple trading platforms to suit different trading needs. These platforms feature the widely used MetaTrader 5 (MT5) alongside its proprietary software. These platforms offer advanced tools, fast execution speeds, and compatibility with various devices.

Trading Platforms Features

IUX’s main trading platform is MT5, known for its advanced features and user-friendly interface. MT5 supports various order types and provides powerful charting tools, making it a favourite among new and experienced traders.

You can also access IUX’s proprietary trading platform, which is available in web and mobile versions. It offers customisable layouts and integrates smoothly with other trading tools.

PlatformFeaturesCompatibilityBest For
MetaTrader 5 (MT5)Advanced charting tools, multiple order types, automated trading with Expert Advisors (EAs), comprehensive technical analysis tools, multi-asset trading, and support for trading robots.Desktop (Windows, Mac), Web, Mobile (iOS, Android)Traders who need advanced tools and automated trading capabilities.
IUX Web TraderUser-friendly interface, real-time price quotes, one-click trading, customizable workspace, multiple order types, integrated charting tools, and economic calendar.Web BrowserBeginners and those who prefer browser-based trading without installations.
IUX Mobile TraderFull trading functionality on the go, live market data, charting tools, trade execution, account management, and notifications.Mobile (iOS, Android)Traders who need to trade and manage accounts while on the move.
IUX App TradeSeamlessly integrated with the IUX platform, user-friendly interface, advanced charting tools, real-time market data, customizable watchlists, and up-to-date news and trading signals.Mobile (iOS, Android)Traders who require a dedicated mobile app for advanced analysis and trading.

Key Points:

  • MetaTrader 5 (MT5):
    • Offers advanced trading tools and features, suitable for both beginners and experienced traders.
    • Supports automated trading through Expert Advisors (EAs).
    • Provides extensive technical analysis tools and supports multi-asset trading.
    • Compatible with desktop (Windows, Mac), web, and mobile (iOS, Android).
  • IUX Web Trader:
    • A browser-based platform with a user-friendly interface.
    • Features real-time price quotes, one-click trading, and customizable workspaces.
    • Ideal for beginners and traders who prefer not to install software.
    • Accessible from any web browser.
  • IUX Mobile Trader:
    • Provides full trading functionality on mobile devices.
    • Includes live market data, charting tools, trade execution, and account management features.
    • Perfect for traders who need to trade and manage accounts while on the go.
    • Available on both iOS and Android devices.
  • IUX App Trade:
    • Seamlessly integrates with the IUX platform.
    • Offers advanced charting tools, real-time market data, and customizable watchlists.
    • Suitable for traders who need a dedicated mobile app with advanced features.
    • Supports both iOS and Android devices.

Compatibility and Accessibility

IUX ensures that platforms are accessible on a range of devices. MT5 can be used on desktop, web, and mobile, ensuring you can manage your trading activities no matter where you are. The mobile app is available for iOS and Android, offering a smooth and reliable trading experience.

The proprietary IUX platform is also accessible via web browsers and mobile apps. This flexibility means you can trade on the go, monitor markets in real time, and execute trades swiftly from any device.

Device Compatibility:

  • MT5: Available on desktop (PC and Mac), web, iOS, and Android.
  • Proprietary Platform: Accessible via web browsers and mobile apps for both iOS and Android.

Deposits and Withdrawals

IUX Broker offers a straightforward approach to managing both deposits and withdrawals. It aims to ensure fast processing times and affordability for traders. Below, you’ll find detailed information on the methods available and the procedures you need to follow.

Deposit Methods

IUX Broker supports multiple deposit methods to cater to a variety of traders. You can start trading with a minimum deposit as low as $10. The broker does not charge internal deposit fees, making it cost-effective for traders.

You can fund your account using traditional payment methods like bank transfers and credit/debit cards. Additionally, they accept e-wallets such as Skrill and Neteller, which can be more convenient and quicker for some users. Deposit processing times are generally instant, although bank transfers may take longer, depending on your bank’s policies.

Withdrawal Procedures

Withdrawals at IUX Broker are set up to be fast and efficient. The broker highlights that they do not charge internal withdrawal fees, although third-party service charges might apply depending on the method used. Most withdrawal requests are processed within 24 hours, which is competitive.

The minimum withdrawal amount is $3, making it accessible for traders with various account sizes. You can withdraw funds using the same methods available for deposits, such as bank transfers, credit/debit cards, Skrill, and Neteller. Processing times can vary by method, with e-wallets usually being the quickest and bank transfers taking longer.

If you require a faster withdrawal process, it may be best to use e-wallet services, as they typically offer quicker processing times compared to traditional bank transfers. Remember, while IUX Broker aims for swift processing, external factors can sometimes affect the time it takes to receive your funds.

Available Trading Instruments

IUX offers a variety of trading instruments, making it a versatile choice for traders. These instruments span various markets, including forex, stocks, indices, commodities, and cryptocurrencies.

Here’s a detailed table outlining the available trading instruments on IUX:

Instrument TypeNumber of InstrumentsDescription
Forex60+Major, minor, and exotic currency pairs with high liquidity and 24-hour trading.
Stocks120+Individual stocks from leading global companies, providing opportunities to invest in specific sectors.
Indices23+Stock indices from major global markets, ideal for speculating on overall market performance.
Cryptocurrencies5+Major cryptocurrencies, offering high volatility and potential for significant returns.
Commodities19+Includes precious metals, energy commodities, and other raw materials, suitable for hedging and diversification.

Forex and Currency Pairs

IUX provides a broad range of forex and currency pairs for trading. The platform supports major, minor, and exotic pairs, allowing you to trade popular currencies like USD, EUR, GBP, JPY, and many more.

With IUX, you benefit from competitive spreads starting from 0.0 pips and high-leverage options. The fast order execution ensures you can take advantage of market opportunities quickly. Their trading platform, MetaTrader 5, offers advanced tools for technical analysis and automated trading options.

Stocks, Indices, and Commodities

Trading stocks, indices, and commodities on IUX gives you access to a wide selection of global market instruments.

You can trade popular stocks like Apple, Amazon, and Tesla, as well as major indices such as the S&P 500, NASDAQ 100, and FTSE 100. Additionally, IUX provides access to various commodities, including gold, silver, and oil.

These instruments offer competitive trading conditions, such as low fees, high leverage, and deep liquidity. The platform’s robust trading tools, which use real-time data and advanced charting capabilities, support informed decision-making.

Cryptocurrency and Novel Markets

IUX also caters to cryptocurrency enthusiasts, offering a variety of cryptocurrencies for trading. You can trade top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

The platform supports trading with ultra-low spreads and no hidden fees, which is suitable for short-term and long-term investments. For those interested in novel markets, IUX continually expands its offerings to include newer digital assets, ensuring you can diversify your portfolio.

The MetaTrader 5 platform enhances your trading experience with features like secure transactions, advanced order types, and risk management tools, enabling you to trade confidently in volatile cryptocurrency markets.

Education and Research

IUX offers various educational resources and research tools to help traders make informed decisions. The platform educates its users through detailed content and valuable insights into trading strategies.

Educational Content and Resources

IUX provides extensive educational material, including articles, webinars, and a glossary. These resources cover various topics, from basic trading concepts to advanced strategies. The content aims to cater to traders of all levels, ensuring beginners and experienced traders alike can enhance their knowledge.

The articles are written by experienced professionals and updated regularly to reflect market changes. Webinars offer interactive sessions where traders can learn from experts in real-time. The glossary helps users understand essential terms easily.

Research Tools

IUX equips traders with essential research tools that assist in making data-driven decisions. These tools include market analysis reports, economic calendars, and real-time news feeds. By providing these resources, IUX enables traders to stay updated on the latest market trends and make informed decisions.

The market analysis reports are detailed and provide insights into various trading instruments. The economic calendar is a crucial tool that highlights critical upcoming events that might affect the markets. Real-time news feeds keep traders informed of breaking news, which is essential for timely decision-making.

Trading Strategies

IUX supports traders by offering various trading strategies tailored to different trading styles. These strategies are designed to help traders maximise their potential for success. Whether you are a day trader or a long-term investor, IUX provides strategies to suit your needs.

The platform offers guidelines on how to implement these strategies effectively. Each plan includes step-by-step instructions and examples, making it easy to follow. IUX also encourages users to backtest their strategy using historical data, which can be accessed through the platform.

By integrating these educational and research features, IUX strives to empower traders with the knowledge and tools to succeed in the financial markets.

Customer Support Services

IUX Broker offers 24/7 customer support through multiple channels. Whether you have questions or issues, their support team is available 24/7.

One standout feature is the live chat option, which allows you to get instant help at any time of day. You can also reach customer service via email or their support bots. With staff assisting in more than 50 languages, you will likely find help in your preferred language. Users report that the support team responds quickly and effectively, making it easier to resolve any problems that may arise during trading. Numerous reviews praise IUX for its customer service quality, noting the fast and helpful responses.

In addition to live chat and email, phone support availability enhances the user experience, offering flexibility in communication channels. This supportive environment is crucial, especially for new traders needing more assistance navigating the platform.

Overall, IUX’s customer support services are designed to ensure you can trade confidently and with peace of mind.

Trading Costs and Conditions

IUX Broker offers competitive trading costs and conditions catering to novice and experienced traders. Key aspects include low spreads, leverage options, and various fees.

Spreads and Commissions

IUX Broker provides low spreads starting from 0.2 pips on their Standard Account. This makes it accessible to traders looking for minimal costs. Most accounts do not incur commissions, allowing you to trade without worrying about additional charges.

However, a fixed commission of $3 per lot applies if you opt for the Raw account. This relatively low commission provides a cost-effective option for high-volume traders who require tight spreads.

Leverage and Margin

IUX offers a maximum leverage of 1:3000, which is relatively high compared to many other brokers. This allows you to control larger positions with smaller amounts of capital. High leverage can amplify your profits and increase the risk of substantial losses.

The minimum deposit varies depending on the account type, starting as low as $10 for the Standard Account. This ensures that you can begin trading with minimal initial investment.

Fees and Other Charges

Most IUX accounts do not charge trading fees, significantly reducing overall costs. There are no inactivity fees, making it a flexible choice for active and occasional traders.

IUX offers swap-free trading options for those who wish to avoid overnight interest charges. Additionally, IUX includes promotional bonuses, such as a $30 one-time bonus and deposit bonuses up to $3,300 based on the deposit amount. These incentives can help boost your trading capital.

Here’s a comprehensive table outlining the fees and other charges associated with trading on IUX:

Fee TypeDescription
SpreadFloating spreads from 0.2 pips for major forex pairs.
CommissionTypically no commission on standard accounts; Raw accounts have a commission of $3 per lot per side.
Swap FeesOvernight swap fees apply for positions held overnight; varies by asset and market conditions.
Deposit FeesNo fees for deposits via most methods, including credit/debit cards, bank transfers, and e-wallets.
Withdrawal FeesNo fees for most withdrawal methods, but may vary based on the method and currency.
Inactivity FeesNo inactivity fees charged.
Margin RequirementsVaries by asset, with up to 1:3000 leverage for forex, and lower for other asset classes.
Overnight FinancingCharged when holding positions overnight, rates depend on the specific asset and duration of the holding.
Account Maintenance FeesNo monthly or annual account maintenance fees.
Additional FeesPotential fees for specific payment methods or currency conversions may apply.

Frequently Asked Questions

These FAQs aim to provide clear answers about IUX Broker, based on user experiences and broker features.

How reliable are the reviews of IUX Broker on Trustpilot?

Reviews on Trustpilot offer mixed insights. Some users praise IUX Broker for its low spreads and execution speed, while others express concerns about customer service. It’s important to read various reviews to get a balanced view.

What has been the general user experience with IUX Broker as shared on Reddit?

Reddit users often discuss IUX Broker’s platform functionalities and trading conditions. Positive feedback highlights the broker’s low minimum deposit and leverage options. Negative experiences usually focus on withdrawal processes and customer support.

What are the terms and conditions for the IUX $30 no deposit bonus?

To receive the $30 no deposit bonus, you must complete the registration process and verify your account. The bonus is typically subject to specific withdrawal conditions. Check IUX’s official website for detailed terms.

What level of leverage does IUX offer to its traders?

IUX gives traders leverage up to 1:3000. This high leverage may enable significant returns with small capital. However, it also increases the potential risk, so use it wisely.

How can a trader verify the safety and legitimacy of IUX?

To verify IUX’s safety, check if recognised financial authorities regulate the broker. IUX is registered in Cyprus, the Comoros Islands, and South Africa. It’s also crucial to scrutinise user reviews and other trader feedback.

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

IUX

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