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IUX review
By
2 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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Multi-Regulated Broker: IUX is regulated by ASIC (Australia), FSCA (South Africa), and FSC (Mauritius). The multi-regulated setup allows flexible trading conditions and security features.
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Ultra-Low Trading Costs and High Leverage Options: Spreads starting from 0.0 pips on Raw accounts with competitive $7 per lot commission. Standard accounts offer commission-free trading with spreads from 0.2 pips. The company offers 1:3000 leverage across all account types, providing significant trading flexibility for experienced traders.
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Very Low Barrier to Entry: Traders can start trading with as little as $10, making the company one of the most accessible brokers for beginners and traders with limited capital.
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Swap-Free Trading on All Accounts: All account types support swap-free (Islamic) trading without additional fees.
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Fast Execution and Withdrawals: The order execution speeds are under 30 milliseconds and withdrawal processing takes place within 5-10 minutes in most cases.
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MetaTrader 5 and Proprietary Platforms: Access to MT5 along with IUX’s own web and mobile platforms with TradingView integration for advanced charting.
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No Deposit or Withdrawal Fees: Zero internal fees for deposits and withdrawals. However, the payment platform may have a fee.
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24/7 Customer Support: Round-the-clock customer service is available through multiple channels including email,, and live chat.
Cons
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Limited Geographic Availability: The broker does not operate in the US, UK, EU, Canada, Australia, Japan, and several other restricted countries.
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No MetaTrader 4 Support: Only MT5 is available for those who prefer MetaTrader platforms, which may disappoint traders accustomed to MT4.
General details
Introduction
IUX is a CFD broker that has been in operation for more than 9 years now. The company has many standout features like the minimum deposit requirement set at just $10, oversight of multiple reputable regulators, MetaTrader 5 and the company’s proprietary platforms (IUX Trade App), and access to CFDs across 5 markets.
In addition, the company also offers very low spreads, a very high leverage, and advanced trading features like automated trading. The company offers 3 live trading accounts with different trading conditions and one demo account to test your strategies. The dedicated education hub and 24/7 support is also available.
The company says that they have achieved $1 Trillion trading volume per month. IUX is headquartered in Mauritius but also has a licences from FSCA (South Africa) and ASIC (Australia).
Supported Countries
Most brokers do not serve in all countries. It is mostly because of international and local jurisdictions. The same is the case with IUX, formerly IUX Markets. The company focuses on Latin American, African, and Asian countries.
The following are the regions where IUX does not accept clients from:
Afghanistan, Australia, Austria, Barbados, Belarus, Belgium, Burkina Faso, Bulgaria, Cameroon, Canada, Central African Republic, Croatia, Cuba, Cyprus, Czech Republic, Democratic Republic of the Congo, Denmark, Estonia, Finland, France, Germany, Greece, Haiti, Hungary, Iceland, Iran, Ireland, Italy, Japan, Latvia, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mali, Malta, Mozambique, Myanmar (Burma), Netherlands, Nicaragua, North Korea, Norway, Poland, Portugal, Romania, Russia, Senegal, Slovakia, Slovenia, Spain, Sudan, Sweden, Syria, Tanzania, Ukraine, United Kingdom, United States of America, Venezuela, Yemen, Zimbabwe.
To make sure traders only see brokers you can trade with, our website is set up with geotargeting. Traders on our website will only be seeing brokers that operate in your country, unless you can look them up from the search bar.
Just to make sure that a broker is available in your country, we suggest clicking on that “Start Trading” button and filling out the registration form. If you can complete the process without trouble, the broker operates in your country. If not, you can try opening an account with another broker. This whole testing process takes less than 3 minutes.
Customer Reviews
IUX currently has great customer reviews on Trustpilot and TrustFinance. At the time of writing this broker review, IUX has a 4.3-star rating on Trustpilot and 4.87-star rating on TrustFinance. Besides learning from other people’s experience, you can create an account on IUX and use a demo account.
Trading Platforms
The trading platform is the main interface you interact with. The following aspects depend on your trading platform:
- Charting Tools
- Order Types and Risk Control
- Asset Access
- Execution Model
- Automated Trading Support
- Mobile and Web Access
IUX offers industry-leading MetaTrader 5 and the company’s own IUX WebTerminal and Mobile App as well.
MetaTrader 5
MetaTrader 5 is a strong successor of MetaTrader 4 that offers more advanced charting tools and inbuilt features. The platform is accessible over Windows, Macs, Android, and iOS powered machines. Traders can even use MT5 straight from the browser. MT5 is especially popular among algorithmic traders because of its Expert Advisors (EAs).
IUX WebTerminal
IUX WebTerminal is a browser based trading app with many powerful features. It is integrated with TradingView. The platform offers 100+ technical indicators and 40+ drawing tools. However, this platform does not offer automated trading unlike MT5.
IUX Mobile App
Besides WebTerminal, you can also use the broker’s proprietary platform via smartphones. The company’s trading app is available on iOS and Android. The platform is integrated with TradingView and is very powerful. Besides the usual features, this app has safety features like biometric login built-in.
Leverage and Spreads
IUX offers a leverage of up to 1:3000, which is very high. High leverage allows traders to capture bigger positions against their investments. The upside is that profitable trades result in multiple times the return. The downside is that your losses can also be amplified. Therefore, it is important to calculate the risks and consider different variables when trading with such high leverage.
Spreads are the differences in buy and sell prices that a broker charges you. IUX has very tight spreads which means lower trading overhead for traders. IUX has some of the lowest spreads in the market starting at 0.0 to 0.2 depending on account type. Besides lowering the trading costs, low spreads allow traders to benefit from strategies like scalping.
Deposits and Withdrawals
Oftentimes, deposits and withdrawals can be a lot of hassle with some brokers. Traders should look for 3 things in this regard:
- Payment Options
- Processing Time
- Deposit/Withdrawal Fees
IUX shines in all 3 departments as the company offers 20+ local and international payment options. These methods include Visa, MasterCard, Wire Transfer, and multiple regional options.
The processing time for payments is super fast. According to the website, payments are processed in 2 to 10 minutes. Some brokers can take up to 2 weeks just to process payments.
Lastly, the company does not charge any deposit or withdrawal fees. You can withdraw funds as low as $5. However, your bank or payment method may have different fees involved.
Customer Service
24/7 customer service allows traders to reach the customer service no matter what timezone they are in. Traders can reach IUX customer support via live chat, email,. Traders can find a small chat icon on the company’s website for live chat. For email support, the contact details are [email protected]
The broker offers multilingual support in almost 7 languages, including English, Bahasa Indonesia, Spanish, Thai, Vietnamese, and others. Finding support in your preferred language can elevate the quality of customer service for traders who prefer support in their regional languages.
Education Hub
The educational material provided by IUX is one of the most detailed and complete among brokers we have recently reviewed on Topbrokers. The company has published 240 articles, 10 trading courses, economic calendar, trading calculator, and technical analysis sections on the website. Many brokers offer a very limited library for trader education but that’s not true for IUX.
The free training material and a demo account can make it very easy for new traders to learn new strategies and test them in real-time.
Company Details
IUX started its operations as IUX Markets but was later rebranded to IUX. The company is registered in Mauritius under license number GB22200605. The broker is headquartered in Mauritius and has multiple offices in different global locations in total. As a broker that has been actively offering services, IUX has built a solid reputation among traders.
Regulations
IUX’s multi-regulation framework gives the traders this confidence that they are trading with a legitimate entity. On the other hand, offshore regulation allows the broker to offer a high leverage.
IUX has the following licences:
- IUX Markets AU Pty Ltd is regulated by ASIC (Australian Securities and Investments Commission) Registration Number 529610
- IUX Markets ZA (PTY) Ltd is authorized by FSCA (Financial Sector Conduct Authority South Africa) Registration Number FSP 53103
- IUX MARKETS (MU) LTD is regulated by FSC (Financial Services Commission Mauritius) Registration Number GB22200605
Despite offering a really high leverage, the broker offers security features like segregated accounts, negative balance protection, and KYC and AML compliance.
In addition, IUX is a member of The Financial Commission, an independent external dispute resolution organization. This membership provides clients with additional protection through a compensation fund covering up to €20,000 for eligible complaints.
Conclusion
IUX stands out in many areas we consider a trader should consider before committing to a broker. The low barrier to entry, access to 330+ assets across 5 markets, swap-free account options, high leverage, low spreads, solid customer support, and access to powerful trading platforms.
The company offers very high leverage trading while offering great security options. In addition, the company allows automated trading strategies with low latency and super fast executions.
All things factored in, IUX is a great broker. The company has many features that make it worth trying. The barrier to entry is very low and there is also a demo account if you want to test the company.
Customer reviews
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Accounts
IUX offers three live trading accounts with different trading conditions and one demo account. It is important to note that all three account tiers are available with swap-free Islamic conditions.
Standard Account
The Standard account is suitable for beginners and casual traders. It requires an exceptionally low minimum deposit of just $10. The account features spreads starting from 0.2 pips with no commissions. Leverage is available up to 1:3000. The minimum trade size is 0.1 lot with an automatic stop-out level set at 0%. This account is compatible with all IUX trading platforms.
Raw Account
The Raw account is great for active traders and scalpers who want the tightest possible spreads. It features spreads starting from 0.0 pips with a competitive commission of $7 per round lot . The minimum deposit requirement is $500. The account offers leverage up to 1:3000, supports swap-free trading, and has a minimum trade size of 0.1 lot with a 0% stop-out level.
Pro Account
The Pro account is tailored for professional traders who want commission-free trading combined with tight spreads. It requires a minimum deposit of $500 and offers spreads starting from 0.1 pips with no commission charges. Like other accounts, it provides leverage up to 1:3000, swap-free trading options, and a 0% stop-out level.
You can find the details of all these account types in the table below:
| Feature | Standard | Pro | Raw |
| Starting Deposit | $10 | $500 | $500 |
| Spreads From | 0.2 pips | 0.1 pips | 0.0 pips |
| Commission (per lot) | $0 | $0 | $7 |
| Leverage | 51:00:00 | 51:00:00 | 51:00:00 |
| Trading Platforms | MT5, IUX Platforms | MT5, IUX Platforms | MT5, IUX Platforms |
| Server Locations | London, Asia-Pacific | London, Asia-Pacific | London, Asia-Pacific |
| Micro Lot Trading | 0.01 | 0.01 | 0.01 |
| Available Instruments | 120+ | 120+ | 120+ |
| CFDs Trading | ✔️ | ✔️ | ✔️ |
| Stop Out Level | 0% | 0% | 0% |
| Margin Call Level | 30% | 30% | 30% |
| One-Click Trading | ✔️ | ✔️ | ✔️ |
| Islamic Accounts | ✔️ | ✔️ | ✔️ |
| Trading Styles Allowed | All | All | All |
| Execution Type | Market Execution | Market Execution | Market Execution |
| Mobile Trading | MT5, IUX Platforms | MT5, IUX Platforms | MT5, IUX Platforms |
| Demo Account | ✔️ | ✔️ | ✔️ |
| Expert Adviser Support | ✔️ | ✔️ | ✔️ |
Tradable instruments
IUX offers an extensive range of 330+ tradable assets across forex, cryptocurrencies, commodities, indices, and stocks. With access to these 5 markets, traders can expand their portfolios and make the best use of trading opportunities with more assets.
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Forex.com (US) Best Trading PlatformsStart trading74-76% of retail investor accounts lose money when trading CFDs with this provider.
IUX compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.1/ 5
-
4.1/ 5
- 10$
- 1:3000
-
4.1/ 5
- $0
- $0
-
4.1/ 5
- Yes
-
Yes
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.8/ 5
- No
-
Yes
-
See review
-
4.9/ 5
-
4.8/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
5/ 5
- FCA, CYSEC
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No
-
See review
-
4.7/ 5
-
4.7/ 5
- $100
- 1:10000
-
4.7/ 5
- $0
- $0
-
4.7/ 5
- FCA
-
Yes
-
See review
-
Specialized trading accounts
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24/7 instant money withdrawal
-
4.6/ 5
-
4.2/ 5
- $100
- 1:50
-
4.7/ 5
- $0
- $0
-
5/ 5
- FCA, CFTC, NFA, CIRO, CIMA, CySEC
-
Yes
-
See review
