IUX

IUX Information

IUX is an ECN forex broker providing access to a massive financial market including forex, commodities, indices, shares, and cryptocurrencies. With the IUX MT5 platform, three live trading accounts are available, with the lowest required opening deposit being just $10, and traders can employ a maximum leverage of 1:3000 on their positions.

Pros & Cons

On the positive side, IUX offers access to some popular markets with competitive spreads. Plus, this broker support trading on the famous MT5 trading platform, along with various trading calculators. Another benefit is that it does not charge any fees for deposit or withdrawal.

Is IUX Legit?

IUX is operated by IUX Markets Limited, a regulated and licensed broker of international CFDs trading securities. IUX is operated under IUX Markets ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No 53103, registered in 1st Floor Cnr Kildare Road and MA, Newlands, Cape Town, Western Cape, 7550.

IUX is also regulated by the Australian Securities & Investments Commission (ASIC) under license number 529610. As an STP (Straight Through Processing) licensed institution, IUX Markets ensures transparent and efficient order execution, providing traders with a regulated and secure trading environment in compliance with Australian financial standards.

Market Instruments

IUX allows trading on some popular and diversified financial markets, covering 60 currency pairs, 120 stocks, 23 indices, 5 cryptos, and 19 commodities. Of particular note is that this broker does not some other products like forex futures, forex options and more.

Account Types

Put simply, this platform offers three account options. The Standard account is the easiest to start with—just 10 to open,0.2 pips spreads,and no trading fees,perfect for beginners just getting started.The Pro account,aimed at more active traders,requires 500 but cuts spreads to 0.1 pips and still has no fees, helping keep costs down. For high-frequency traders, the Raw account skips spreads but charges 6 pertrade,with the same 500 minimum. All three let you trade with high leverage, use multiple platforms, and access plenty of instruments, though they just differ in fees and who theyre best for. Pick based on how often you trade and your budget.

Bonus

• Deposit bonus 35% and 25%
• Receive a maximum bonus of 35% up to $300. Receive a maximum bonus of 25% up to $3,000.
• 35% Bonuses are automatically applied with every deposit into a Standard+ account only, until the specified maximum is reached.
• A minimum deposit of $10 or more is required.

Leverage

IUX offers high leverage ratios to its clients, which can be appealing to traders looking to amplify their potential profits. The broker provides leverage up to 1:1000 for Standard Bonus accounts and up to 1:3000 for Standard and Raw accounts.

While high leverage can result in significant gains, it can also increase the potential for significant losses. Traders should exercise caution when using high leverage and ensure they fully understand the risks involved. It's worth noting that some regulatory bodies have set maximum leverage limits for brokers, and traders should check their local regulations to ensure the broker's offering is in compliance.

Spreads & Commissions

IUX offers competitive spreads and commissions on its trading accounts. The spread starts from 0.5 pips for the Standard Bonus account, 0.2 pips for the Standard account, and 0.0 pips for the Raw account. The average EUR/USD spread is 0.2 pips, which is very low compared to the industry average.

In addition, there is no commission charged for the Standard Bonus and Standard accounts, while the Raw account has to pay a commission of $3.5 per lot per side, which is also relatively low. Overall, IUX provides attractive trading conditions for traders who are looking for low-cost trading.

Trading Platforms

IUX offers the MetaTrader 5 (MT5) platform for trading, which is a popular and advanced trading platform used by many traders globally. The MT5 platform is available for download on Windows and macOS, and there is also a mobile app available for Android devices. Additionally, traders can access the platform via their web browser.

The MT5 platform is known for its user-friendly interface, advanced charting tools, and a wide range of technical indicators and trading tools. It also offers automated trading through expert advisors (EAs), which can execute trades based on pre-defined rules and strategies.

IUX App Trade: This app is perfect for those who like to trade from the convenience of their mobile device. Perfect for mobile traders who need to keep an eye on their signals and place deals as they happen.

IUX Web Trade: A user-friendly, browser-based platform that allows traders to access markets from any computer without downloading software. Perfect for those who prefer a straightforward, accessible trading experience.

Trading Tools

IUX also provides some trading tools to help traders in their analysis and decision-making. These include calculators for currency conversion, pip value, margin, swap, and profit/loss. These tools can be especially useful for beginners who are still learning about the mechanics of trading, as well as for experienced traders who want to fine-tune their strategies.

Deposits & Withdrawals

IUX offers several deposit and withdrawal options, including QR code, Neteller, Skrill, Cryptocurrencyand others.

IUX minimum deposit vs other brokers:

The minimum deposit and withdrawal amount vary on the method, for most methods, minimum deposit is $10, and minimum withdrawal is $3.

The broker does not charge any additional fees for deposits or withdrawals, but fees may be imposed by international banking institutions for certain payment methods. Deposits and withdrawals can be processed immediately or take up to 3-20 minutes depending on the payment method used.

Affiliate Program

Customer Service

IUX offers 24/7 customer support through its Help Center-FAQ section and social media platforms such as Twitter, Instagram, YouTube, and LinkedIn. However, there is no live chat or phone support available, which can be a limitation for clients who need immediate assistance with urgent matters. The lack of multiple communication channels may also suggest that the broker is not fully committed to providing top-notch customer service.

Conclusion

Overall, IUX is an online broker that offers popular products and flexible trading conditions. Most notably, it enables low-budget trading, which opens up trading to the majority of traders, particularly beginners. However, as we often warn, there are always risks associated with online trading. Therefore, traders should use caution when selecting a broker.

FAQs

Is IUX Legit?

Yes, IUX operates legally, as it is regulated in South Africa and Australia.

At IUX, are there any regional restrictions for traders?

Yes. The broker does not accept clients from Australia, Belgium, France, Iran, North Korea, Japan and the United States.

Does IUX offer demo accounts?

Yes.

Does IUX offer industry leading MT4 & MT5?

Yes. It supports MT5.

Is IUX a good broker for beginners?

IUX seems to be a solid choice for beginners, as it requires only $10 to start real trading, and demo accounts are also provided. More imporrtantly, this broker is regulated in South Africa and Australia.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.