A Comprehensive IUX Review

IUX Markets LTD is a broker that is regulated in multiple jurisdictions and offers access to diverse trading assets. The broker has some experience and offers many trading accounts coupled with an advanced MT5 platform, and with recent updates, it seems also very cheap.

The broker offers up to 1:3000 leverage and a 30 USD minimum deposit, which seems competitive on paper but too risky in real, practical trading.

In this IUX review, we will evaluate the broker’s safety, account types, fees and spreads, instruments, platforms, profit withdrawals, and more.

IUX Forex broker overview

IUX Markets is a regulated broker. It is overseen by the Financial Services Commission (FSC) in Mauritius. This is a very good sign for the broker’s safety. It recently acquired a new license and is now also regulated by the ASIC. It operates in South Africa under the legal name IUX Markets ZA Pty Ltd and is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa. Having two licenses adds way more reliability to the IUX forex broker than just having one.

As a regulated broker, it keeps trader funds in segregated bank accounts with tier-1 banks, as requested by the regulators.

The broker is also registered in Saint Vincent and Grenadines and Cyprus, but is not overseen by either of these jurisdictions.

The broker has some basic KYC and AML policies. It also offers negative balance protection to prevent its traders from losing more than their initial investment. Negative balance protection policy is a crucial safety feature that enables retailers not to become liable for their losses in case they abuse leverage and blow up an account.

Overall, IUX safety can be evaluated as excellent as the broker not only retains its previous license, but it also added a new one.

IUX Demo account

The broker offers a demo account version for all its live accounts. The IUX demo account enables traders to test the trading conditions of the broker and develop trading strategies, which is useful. Generally, demo accounts are essential for beginners to learn and practice trading.

IUX Standard Account

The IUX standard account is an entry-level trading account aimed at general forex trading goals. It offers the following features:

• Minimum deposit – $30
• Maximum leverage – Up to 1:3000
• Spreads – From 0.2 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

IUX Pro Account

The pro account offers even lower spreads when compared to the standard:

• Minimum deposit – $200
• Maximum leverage – Up to 1:3000
• Spreads – From 0.1 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

IUX Raw Account

The Raw account is where the broker offers the lowest spreads but charges commissions:

• Minimum deposit – $200
• Maximum leverage – Up to 1:3000
• Spreads – From 0.01 pips
• Commissions – $7 per lot round trip
• Minimum lot size – 0.01 lots

Overall, IUX is super competitive with its updated trading conditions and can be considered one of the cheapest forex brokers in the sector.

IUX Deposits and Withdrawals

IUX accepts several types of payments, like wire transfers and e-wallets. The broker does support Visa or MasterCard, which is beneficial. There are no commissions charged for withdrawals, which is flexible. The deposits are instant, and withdrawals are quick as well.

IUX instruments

When it comes to trading instruments, IUX Markets offers access to diverse markets. There are Forex pairs, commodities, indices, thematic indices, stocks, and even cryptos. Most of these instruments are CFDs, which are a very attractive asset class for speculating. The leverage is also very high, which is very flexible to control large trading positions with a small budget, and the broker protects traders with negative balance protection.

IUX Education, Platforms, Indicators, and Tools

The broker offers educational resources, including articles and an academy. Education is important for beginners, and IUX has some useful resources to read and learn. The broker does provide many tools and indicators to assist its traders in increasing their trading accuracy, which is a considerable advantage. The availability of trading tools, blogs, and educational resources makes the broker especially suitable for beginner currency speculators.

IUX platforms

The broker offers access to the advanced trading platform, Metatrader 5 (MT5). The broker allows traders to use custom indicators and Expert Advisors (EAs), which is useful. Mobile trading is available via the MT5 mobile apps for all mobile devices. The broker also offers a Web Trader trading app.

IUX Additional Features

The broker no longer offers bonuses, which is not an issue because its minimum deposit requirements are very low and enable almost anyone to open a live account and start trading.

IUX Customer Support

The customer support at IUX is also excellent, as it offers live chat, email, and phone support channels. The broker’s support email is [email protected], which can be used by users to contact brokers and send files or complaints. However, the live chat is the fastest and most convenient way to contact support and resolve issues quickly.

IUX is a multilingual broker as it offers its website and support services in multiple languages.

Conclusion — Is IUX legit?

IUX is a regulated forex and CFDs broker with two licenses, offering very low trading costs and competitive trading conditions. The leverage is high and supported by proper safety policies for retail forex traders. The broker offers educational resources and market analysis tools, which make it suitable for both beginners and professional traders seeking low trading costs and access to advanced platforms.

FAQs on IUX Forex broker

Is IUX regulated?

Yes. IUX is regulated by the FSCA (South Africa) and the FSC (Mauritius), which adds a solid level of credibility and client protection.

Is IUX a cheap broker?

Yes. With spreads from 0.0 pips on Raw accounts and low minimum deposits, IUX is among the more cost-competitive brokers