According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- MetaTrader5
- FSA SVG
- FSCA
- FSC (Mauritius)
- ASIC (Australia)
- The Financial Commission
- 2016
Our Evaluation of IUX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IUX is a moderate-risk broker with the TU Overall Score of 6.97 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IUX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at IUX
IUX was launched in 2016 to become one of the leading providers of online CFD trading services. For over a decade, the company has been chosen by clients all over the world as a reliable and leading regulated broker. IUX constantly improves its service and introduces new solutions to be on the cutting edge.
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TU Expert Advice
Author, Financial Expert at Traders Union
IUX Markets provides a comprehensive range of trading instruments, including Forex, CFDs, stocks, futures, spot indices, spot metals, and spot energies, available on the MT5 platform. The broker offers multiple account types with a notable minimum deposit of $10 and leverage up to 1:3000. IUX Markets aims to cater to diverse trading needs with low spreads, fast execution, and 24/7 multilingual client service, making it attractive for both novice and experienced traders.
Despite its competitive offerings, IUX Markets has drawbacks, including its primary operations lacking Tier-1 regulatory oversight, limited tradable assets compared to some competitors, and basic account types. While the company is regulated by several Tier-3 authorities and provides negative balance protection, it may not be suitable for traders prioritizing top-tier regulatory oversight. IUX Markets suits those comfortable with moderate regulatory environments but may not appeal to those seeking robust regulation and extensive asset variety.
- You are an experienced trader comfortable with high leverage, as IUX offers leverage of up to 3000:1, suitable for those who can effectively manage risk.
- Low spreads are important to you, as IUX advertises tight spreads, especially on major Forex pairs, potentially appealing to cost-conscious traders.
- Regulatory oversight is crucial for you, as IUX is registered in Comoros and Saint Vincent and the Grenadines, jurisdictions with less stringent regulations than established financial centers.
IUX Trading Conditions
💻 Trading platform: | MetaTrader5 |
---|---|
📊 Accounts: | Standard , Standard+, Raw, Pro |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Credit and Debit, Skrill, Neteller, Thai QR Payment, Online Banking |
🚀 Minimum deposit: | 10$ |
⚖️ Leverage: | 1:3000 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0,01 |
💱 EUR/USD spread: | 0,10 pips |
🔧 Instruments: | CFDs, Futures, Indices, Shares, Metals, Energies |
💹 Margin Call / Stop Out: | Standard - 30/0% Standard+ - 50/35%, Raw – 30/0%, Pro – 30/0% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Markets Execution |
⭐ Trading features: | No |
🎁 Contests and bonuses: | Deposit bonus 35% and 25% |
IUX offers highly competitive trading conditions, including extremely low spreads, zero requotes, the best rates, low swap fee, fast order execution, welcome bonus, and multilingual human support. IUX can be just the right option for beginners and skilled traders, as well as for scalpers, robots and high-volume trading systems. The company serves clients in more than 170 countries.
IUX team strives to continuously provide the ultimate trading experience to every client by offering reliable 24/7 customer service in several languages, transparent pricing, low-latency order execution and the latest trading platform. With IUX, one can trade CFDs, Shares, Futures, Spot Indices, Spot Metals, and Spot Energies.
IUX Key Parameters Evaluation
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Regulation and safety
IUX has a safety score of 9.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 9 years
- Strict requirements and extensive documentation to open an account
IUX Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
|
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
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Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
|
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
|
The Financial Commission | International | Up to €20,000 | Tier-3 |
IUX Security Factors
Foundation date | 2016 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker IUX have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of IUX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, IUX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
IUX Standard spreads
IUX | Pepperstone | OANDA | |
EUR/USD min, pips | 0,6 | 0,5 | 0,1 |
EUR/USD max, pips | 0,8 | 1,5 | 0,5 |
GPB/USD min, pips | 0,6 | 0,4 | 0,1 |
GPB/USD max, pips | 1,0 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
IUX RAW/ECN spreads
IUX | Pepperstone | OANDA | |
Commission ($ per lot) | 3,00 | 3 | 3,5 |
EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
GBP/USD avg spread | 0,20 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with IUX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
IUX Non-Trading Fees
IUX | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
IUX has developed a diverse range of accounts tailored to the needs of both experienced and novice traders. Muslims can request an Islamic version of any account, which is offered in the form of a Swap-Free account.
Account types:
IUX offers access to demo accounts, which can be used to trade with virtual funds for learning, practicing, testing new strategies, or evaluating the broker's conditions.
Deposit and withdrawal
IUX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
IUX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- Minimum deposit below industry average
- Bitcoin (BTC) accepted
- No deposit fee
- Wise not supported
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are IUX deposit and withdrawal options?
IUX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, Ethereum.
IUX Deposit and Withdrawal Methods vs Competitors
IUX | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are IUX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. IUX supports the following base account currencies:
What are IUX's minimum deposit and withdrawal amounts?
The minimum deposit on IUX is $10, while the minimum withdrawal amount is $3. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact IUX’s support team.
Markets and tradable assets
IUX offers a limited selection of trading assets compared to the market average. The platform supports 178 assets in total, including 70 Forex pairs.
- Copy trading platform
- 70 supported currency pairs
- Indices trading
- Limited asset selection
- No ETFs
IUX Supported markets vs top competitors
We have compared the range of assets and markets supported by IUX with its competitors, making it easier for you to find the perfect fit.
IUX Markets | Plus500 | Pepperstone | |
Currency pairs | 70 | 60 | 90 |
Total tradable assets | 178 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products IUX offers for beginner traders and investors who prefer not to engage in active trading.
IUX Markets | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Contacts
Foundation date | 2016 |
---|---|
Registration address | 16 Foti Kolakidi, 1st Floor, Office A, Agia Zoni, 3031, Limassol, Cyprus |
Regulation |
FSA SVG, FSCA, FSC (Mauritius), ASIC (Australia), The Financial Commission
Licence number: 26183 BC 2021, 53103, 529610 |
Official site | https://www.iux.com/en |
Contacts |
+357 25247681
|
Comparison of IUX with other Brokers
IUX | Bybit | Eightcap | XM Group | Vantage Markets | IC Markets | |
Trading platform |
MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, TradingView, ProTrader, Vantage App | MT4, cTrader, MT5, TradingView |
Min deposit | $10 | No | $100 | $5 | $50 | $200 |
Leverage |
From 1:1 to 1:3000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
50% / 35% | No / 50% | 80% / 50% | 100% / 50% | 100% / 50% | 100% / 50% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | No |
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