IUX stands out in the online trading landscape, offering a variety of account types—including Standard, Standard+, Raw, and Pro—to cater to traders of all levels. Regulated by reputable authorities such as the Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA), IUX ensures a secure trading environment. With a low minimum deposit requirement of just $3, traders can easily start their journey.
The IUX broker provides competitive trading conditions with a maximum leverage of up to 1:3000, allowing traders to maximize their potential. This comprehensive IUX review will investigate these features in detail.
IUX broker Company Information & Regulation Status
Since its founding in 2016, IUX has established itself as a prominent player in the online trading industry. The company's primary goal has been to create a reliable and user-centric trading platform that caters to traders of all experience levels. By focusing on innovation and striving for excellence, the broker has managed to carve out a niche in the competitive world of online trading. List of IUX regulations:
- Financial Services Authority in Saint Vincent and the Grenadines (FSA);
- Financial Sector Conduct Authority (FSCA) in South Africa.
Transactions are managed by UAB Woxa Corporation Limited (registered in Lithuania).
IUX Summary of Specifics
IUX is a derivatives broker that offers a unique blend of features and services to cater to various trader needs. Here's a quick overview of what the company brings to the table:
Broker | 3000 |
Account Types | Standard, Standard+, Raw, Pro |
Regulating Authorities | FSA, FSCA |
Based Currencies | USD |
Minimum Deposit | $3 |
Deposit/Withdrawal Methods | Individual banking, Online bank transfer, MoMo, e-Money, Local Payment, PayMaya, GCash, and others |
Minimum Order | 0,01 |
Maximum Leverage | 1:3000 |
Investment Options | NO |
Trading Platforms & Apps | MetaTrader5, Web Trader, Mobile App |
Markets | Currencies, Crypto CFD, Indices, Stocks, Commodities, Asset Quotes |
Spread | From 0 |
Commission | From 0 |
Orders Execution | Market |
Margin Call/Stop Out | 30/0% for Standard Accounts |
Trading Features | Copy Trading, Economic calendar, calculator |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | No |
Customer Support Ways | Email, Phone Call, Live Chat |
Customer Support Hours | 24/7 |
IUX is particularly well-suited for experienced day and swing traders due to its low trading costs and high-speed execution. However, beginner traders seeking comprehensive educational resources might find the broker's offerings lacking in this area.
IUX Forex Broker Account Types
The broker offers a variety of account types to cater to different trading styles and experience levels.
Here's a breakdown of the main account types:
Account Type | Minimum Deposit | Leverage | Minimum Trading Size | Suitable For |
Standard | 0 | 1:3000 | 0.01 | Day Traders |
Standard+ | 0 | 1:1000 | 0.01 | Day Traders |
Raw | $3 | 1:3000 | 0.01 | Day Traders |
Pro | 0 | 1:3000 | 0.01 | Day Traders |
All IUX accounts provide:
- Access to a wide range of trading instruments (currencies, cryptocurrencies, indices, stocks, and commodities);
- Choice of trading platforms (MetaTrader 4 and 5);
- Index CFDs Trading.
IUX Advantages and Disadvantages
When considering IUX as your forex broker, weighing both the pros and cons is essential. Here's a balanced overview of the advantages and disadvantages:
Advantages | Disadvantages |
Low transaction costs | overnight fees |
Very high liquidity | Risks associated with high leverage |
Diverse range of tradable products | Lack of strict regulation |
Traders must carefully consider these factors and thoroughly research IUX's reputation, security measures, and financial stability before opening an account.
IUX Advantages and Disadvantages
When considering IUX as your forex broker, weighing both the pros and cons is essential. Here's a balanced overview of the advantages and disadvantages:
Advantages | Disadvantages |
Low transaction costs | overnight fees |
Very high liquidity | Risks associated with high leverage |
Diverse range of tradable products | Lack of strict regulation |
Traders must carefully consider these factors and thoroughly research IUX's reputation, security measures, and financial stability before opening an account.
IUX Signing Up & Verification Process
Creating an account with IUX is a simple and user-friendly experience. Follow this step-by-step guide to begin your journey:
- Visit the website and click the "Open Account";
- Fill in the registration form with your personal information, including email, and country of residence;
- Create a secure password;
- After the registration, Login to your account;
- From your dashboard go to the verification section;
- Complete the proof of identity;
- Proof your Bank;
- Finally choose between the trading account.
IUX Broker Trading Platforms
IUX broker offers a range of trading platforms to suit different trader preferences and needs:
Platform | Features | Availability |
Trade App | - User-friendly interface - Real-time market data and news - Access to the global markets | iOS, Android |
Web Trade | - Browser-based trading platform - No download required - Seamless trading across devices - Integrated with TradingView charts | Web-based (any browser) |
MetaTrader 5 (MT5) | - Industry-standard platform - Advanced technical analysis tools - Automated trading capabilities - Extensive customization options | Desktop, Web, Mobile |
IUX's focus on providing a variety of platforms.
Combined with its emphasis on fast execution and deep liquidity, these features make the broker particularly attractive to high-frequency traders, scalpers, and algorithmic traders.
IUX Spreads and Commissions Structure
IUX offers competitive pricing across its account types:
Account type | Spreads From | Commission |
Standard | 0.2pips | $0 |
Standard+ | 0.5pips | $0 |
Raw | 0 | $3 |
Pro | 0.1 | $0 |
IUX Broker Deposit & Withdrawal Methods
The broker offers a streamlined deposit and withdrawal process to ensure smooth transactions for its clients:
- Individual banking;
- Online bank transfer;
- Quick transfer;
- MoMo;
- e-Money;
- Local Payment;
- PayMaya;
- GCash;
- ph;
- UnionPay;
- Wire transfer;
- Crypto Pay;
- International bank;
- e-Wallet;
- fastasia;
- DOKU;
- OVO;
- BNI;
- QRIS (QR Code Standard);
- BCA;
- TrueMoney wallet.
IUX's efficient deposit and withdrawal system and low minimum deposit requirement make it accessible to a wide range of traders.
Copy Trading & Investment Options offerings
IUX offers comprehensive copy trading capabilities, allowing investors to automatically replicate the trades of successful traders. This feature particularly benefits beginners or those with limited time to manage their trades.
IUX does not provide any direct investment options, such as mutual funds, bonds, or long-term investment portfolios. Instead, it focuses solely on facilitating trading across various markets, allowing users to engage in short-term or speculative trading activities.
IUX’s Bonuses and Promotions
IUX offers attractive bonuses and promotions to both new and existing clients:
Welcome Bonus | Deposit Bonus |
No deposits | 35% bonus up to $300 for the first deposit |
$30 automatically will be moved to your account | 25% bonus of up to $3,000 once the initial bonus has been fully utilized |
Accessible Maximum profits: $150 | for Standard+ account |
Maximum withdrawal: $50, $100, $150 | Applicable for deposits starting at only $10 |
While these bonuses and promotions are attractive, it's important to carefully read and understand the terms and conditions associated with each offer.
IUX Broker Support Team
IUX broker places a strong emphasis on customer support to ensure a smooth trading experience. Support channels:
- Email support: support@iux.com;
- Phone call: +357 25247681;
- 24/7 live chat.
IUX Broker List of Restricted Countries
IUX, while operating globally, does not accept clients from certain countries due to regulatory and compliance requirements. Here’s the complete list:
- Afghanistan;
- Barbados;
- Belarus;
- Burkina Faso;
- Cameroon;
- Central African Republic;
- Cuba;
- Democratic Republic of Congo;
- Haiti;
- Syria;
- Tanzania;
- Venezuela;
- Yemen;
- Zimbabwe;
- Iran;
- Libya;
- Mali;
- Mozambique;
- Myanmar;
- Nicaragua;
- Nigeria;
- North Korea;
- Russia;
- Senegal;
- Sudan.
This list is subject to change at the broker's discretion. IUX cites compliance with Anti-Terrorism Financing and Reduction of International Money Laundering Laws as the primary reason for these restrictions.
IUX Broker Trust Scores & Reviews
Based on what we found on Trustpilot website is that the company’s score is currently not accessible because it has violated Trustpilot's guidelines. IUX has received a mix of reviews from users, with a total of 550 ratings. The majority of reviews reflect a positive experience, with 85% rating the broker 5 stars.
Many users appreciate the low spreads, fast deposit and withdrawal processes, and the availability of a $30 welcome bonus without a deposit requirement. However, there are also negative reviews, notably from users expressing frustration over withdrawal issues and a perceived lack of support from customer service. One reviewer highlighted that despite following withdrawal conditions, they faced difficulties accessing their earnings, leading to disappointment.
Conclusion and final words
In the final analysis, IUX emerges as a competitive player in the online trading landscape. The broker's strengths lie in its low trading costs (Spreads & Commissions from 0), fast execution speeds, and diverse range of tradable instruments (FX, Stocks, Crypto, etc.).
These features make IUX broker particularly attractive to experienced traders, especially those engaged in high-frequency or algorithmic trading. However, it's crucial to consider the potential drawbacks. Write with your thoughts on IUX review in the comments.
