IUX Review

1. What is IUX?
2. IUX Trade Pros and Cons
3. Is IUX safe or a scam?
4. Leverage
5. Account types
6. Market Instruments
7. Trading Fees
8. Spreads
9. Deposits and Withdrawals
10. Trading Platform
11. Customer Support
12. Education
13. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading review all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed trades to see trading conditions and give expert opinion about IUX.
  

What is IUX?

IUX is online CFD Broker and trading provider that operates by several entities, being a regulated broker with a license from South Africa it is considered a safe option to trade with. While also additional license include SVG for International trading, Broker initial headquarters is based in Cyprus, however no European trading is established since no license under Cyprus regulators obtained.

IUXprovides quite competitive trading conditions with access to a range of markets including Forex, Precious Metals, Energy CFDs, Indices, Stock and Crypto CFDs. There are good options between accounts types and pricing models, spreads are tight, liquidity and execution established with a good speed in addition to industry-leading software and good tools provided.

IUX Pros and Cons

As found by our research IUX is a broker with quite good reputation and follow of regulatory standards. Spreads offered by IUX are competitive and kept considerably low, enhancing cost-effectiveness for clients, we admit good range of account types so a preferable option may be selected. Besides, minimum deposit starts from 10$ which is very pleasant for all traders, also there is very high leverage exceeding the market average at 1:3000, providing traders with extra opportunities for potential returns, yet should be used with caution. There is 24/7 support and some support materials provided which is a good bonus too.

Yet, Broker is quite new in the industry, which is not a cone but might be better for some traders to choose Broker with solid reputation and background. For the visible Cons there is no Top-tier license like FCA or European one for extra safety, yet FSCA license still considered safe for traders. Also, education materials are rather limited.

Overall IUX Ranking

Based on our Expert findings, IUX is considered a reliable broker with favorable trading conditions suitable for various traders and good service that makes IUX suitable for beginners or seasoned traders.

• IUX Overall Ranking is 8 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

IUX Alternative Brokers

While evaluating various aspects including trading features, regulatory adherence, trading instruments costs and overall experience along with user feedback IUX is considered good choice for trading, yet we analyse and create selection of potential alternative brokers to IUX to consider, which might suite different needs better:

• FXTM – Good for Beginners
• Deriv – Tighter Spreads
• AvaTrade – Good Instrument Range and CopyTrading

Is IUX Safe or a Scam?

No, IUX is not a scam. It is a reliable brokerage company regulated by multiple entities with tight rules and guidelines on the broker’s operations.

Is IUX Legit?

Yes, IUX is a legit and regulated broker being licensed in every entity is serves branch.

UX Markets ZA (PTY) Ltd operates under the authorization and regulation of the Financial Sector Conduct Authority (FSCA) in South Africa. Which is a prominent Africa region regulatory body also with wide presentation worldwide. Another license Broker has is under offshore SVG and Labuan (currently the license is under processing), while it is not safe on its own, together with an additional license IUX gains international expansion and still considered as safe option to trade. Besides, as IUX is expanding its services further, it has also gained a license from the Australian Securities and Investments Commission (ASIC), a well-regarded authority, which means that the broker has gained even more reliability.

See our conclusion on IUX Reliability:

• Our Ranked IUX Trust Score is 9 out of 10 for the good reputation and services provided. However, trading services are available via offshore entities as well.

How are you protected?

IUX provides client protection and proper management of funds to guarantee safety, which includes separation of client funds from the broker’s operational funds and safeguarding clients’ assets, so overall is marked as a safe Broker. Besides, being a regulated Broker the company is constantly overseen in terms of service delivery and practices applied, which almost removes to 0 risks of Market Manipulation or misleading of the trading accounts, a necessary thing important for traders to understand, especially while trading with solely offshore brokers that does not provide this.

Leverage

Leverage levels always depend on the jurisdiction Broker operates though. In case on IUX, its main regulated branch is operated by SA entity therefore higher leverage levels are allowed there. As for the International Branch even very high leverage ratios are available. Nevertheless, we would advise readers to learn about leverage well to avoid unnecessary risk which increases risk losing account balance rapidly too.

See our findings about IUX Leverage:

• South Africa branch and International Branch in SVG offer leverage up to 1:3000

Account Types

IUX provides traders with four account types: Standard, Standard+, Raw and Pro. All accounts support offered platform MT5, Brokers own software and MQL coding. The main differences between accounts represent pricing model either built into Spread for Standard accounts and Raw, Pro account future commission basis with spreads from 0 pips. This range is quite convenient so traders can select the account type and platform that best aligns with trading preferences. However, note that depending on the country of residence, account specifications, and the products available for trading may vary.

How to Open Trading Account IUX?

Here are the steps to IUX Login and account sign in step by step:

1. Fill in personal information
2. Complete open account declaration
3. Verify Identity
4. Verify Bank Account
5. Upload required documents to complete the verification

Trading Instruments

Analyzing IUX Review we see a diverse range of products offered, including Forex, Commodities, Indices, Crypto and Stock CFDs. The range is considered wide enough to explore different markets according to preferences or strategies.

As for the IUX Market range itself there are over 60 currency pairs, 120+ Stocks, 23+ Indices, 5 Crypto and 10 Commodities. All packed with huge leverage of 1:3000 for some instruments you may use. Even though it looks not a bad range, if compared to industry competition some Brokers provide wider selection across the same asset classes, besides Broker reserved to CFD trading only, so is good to note.

• IUX Instruments Range Score is 7.5 out of 10 for popular trading product selection covered. On the other hand, we found that some popular asset classes are not available to trade like Futures, ETFs and Investment in Real Stocks, so for this better to check other Brokers

Fees

While investigating IUX we discovered that the broker does not impose fees for deposits or withdrawals, which is an advantage for traders.

Regarding commissions, depending on the account type you choose the fee structure is either fully built into the spread basis for Standard accounts, or on a commission basis with Raw Spread provided for Raw and pro accounts charging 3$ per lot and even 0$ for Pro account considered very competitive. Which offers flexibility for traders to choose better fee structure and is a plus. Besides, always consider overnight charges and swaps as fees too.

• IUX Fees are ranked average with an overall rating of 9 out of 10 based on our testing and compared to over 500 other brokers.

Spreads

As for the IUX Spreads, if you choose Standard accounts IUX fees which represent trading costs will be included into the spread offering. Since there are two Standard account types, on Standard spreads are starting from 0.2 pips and Standrd+ from 0.5 pips. Which is considered a competitive offering for both, as per our testing we saw spread for the popular EUR/USD pair at 0.5 pips which is much lower than the industry standard.

• IUX Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread mostly lower or at times within the average to the industry average, so overall we mark IUX spreads are competitive.

Deposits and Withdrawals

When it comes to funding to or from a trading account, the broker offers various methods to accommodate different needs. It’s important to be aware that processing times can differ depending on the selected payment method and the jurisdiction in which you are trading. Overall, IUX provides Deposits and withdrawals availability around the clock.

• IUX Funding Methods we ranked good with overall rating of 8 out of 10. Fees are low, also various payment options supported including Crypto Deposits, yet is good to consider differences on payment methods and processing based on your residency

Here are some good and negative points on IUX Funding found:

Funding options

So as for the methods by which you can deposit funds into your trading account, these are the common options supported as payment methods, which is a benefit among offering indeed:

• Credit cards
• Electronic payment methods
• Wire transfers
• Local bank transfers
• UnionPay
• CryptoPay

IUX minimum deposit

The requirement of minimum deposit for IUX is $10, it is offered for both Standard and Standar+ account which is a great benefit since the requirement is pretty small compared to industry standards. Yet, we would advise to check well margin requirement for the instrument you wish to trade and deposit the amount good to cover fees and risk management.

IUX minimum deposit vs other brokers

	IUX Trade	Most Other Brokers
Minimum Deposit	$10	$500

IUX Withdrawal

As Broker promises withdrawals are authorized fast and require only 5-10 minutes within 24 hours and minimum withdrawal amount is only 3$. However processing time for withdrawals always varies depending on the withdrawal method you use, yet considering a day processing from the broker is marked as good proposal among the industry.

IUX Trading Platforms

IUX mainstays on industry popular MT5 platform, software regarded by most traders due to sophisticated yet intuitive trading environment. Besides IUX developed its own IUX Web Trade and IUX App Trade for mobile and Web Trading.

IUX MetaTrader5

MT5 platform features great charting capabilities, multiple time-frames with diverse order types, in addition to its famoust algorithmic trading by expert advisors, and numerous custom indicators. Traders can benefit from real-time market data and news updates, as well as great capabilities for technical analysis, indicators, add-on and many more great features MT%s is so regarded about. Besides there are tons of videos how to configure platform to its best.

Mobile Trading

IUX Mobile App is quite well designed, we liked the intuitive features, the spectrum of charts, simple indicators and drawing tools along with full control over orders and good monitoring features. App is available for both Android and iOS devices.

• IUX platform earns an excellent mark with overall rating of 9 out of 10, surpassing over 500 other brokers in the industry. With a choice between the highly acclaimed platform MT5 and own software it stands at the really good feet 

IUX Customer Support

When selecting a broker for trading, it’s essential to evaluate the quality of their customer support alike. Effective customer service that supports numerous languages is vital for seamless communication and resolve of any issues or needing advice. As we found IUX Support is quite knowledgeable there are various ways to conduct support including various lines for phone calls, live chat, and email. 

• Customer Support in IUX is ranked Good with an overall rating of 8 out of 10 based on our testing. The support team gave fast answers on Live Chat, answers were accurate. Also, it is quite easy to get assistance during the working days.

See our findings and Ranking on Customer Service quality:

IUX Education

As for the Education, IUX provides traders with numerous articles and some basic knowledge courses on Investing and How to trade. There are two section on Broker site one for Education and another for Analysis tools that are also essential for learning and trading performance alike, Analyziz is provided with TradingView cooperation which is a plus but provides only a few tools like Trading HeatMap, Screener and Tending Technical Analysis.

• IUX Education ranked with an overall rating 7 out of 10 based on our check. The broker provides good Educational guidelines and mini courses with articles mainly provided as written articles.  Yet, we think education is rather basic and missing complete trading courses and online videos too, so for complete beginners would be good to check other education resources too. 

 

IUX Review Conclusion

Overall, we found IUX as well-established, customer-allinged broker, with a secure and regulated trading environment Broker might be suitable for various types of traders. Their services and trading conditions are good, especially admirable low costs and spreads across various account types.

Even so education is rather basic and the instrument range is more consistent of popular instruments not the widest offering in industry, we rank IUX as a good quality Broker and an option to consider.

Based on our research IUX stands for the following features and offerings:

• STP Execution Type
• Professionals
• Traders From Africa Region and international Trading
• Currency Trading and CFD Trading
• MT5 platforms
• Hedging
• Low spreads
• High leverage
• EA Trading
• Suitable for a Variety of Trading Strategies
• Good customer support