IUX Markets Review

Category: Reviews | Author: Trading Brokers | Date: October 16, 2023

Introducing IUX Markets, a forex and CFD broker offering a diverse range of trading instruments, platforms, and account options tailored to individual traders’ requirements. Operated under the regulatory oversight of the MWALI International Services Authority in the Union of Comoros, IUX Markets emphasizes quick execution, competitive spreads, and substantial leverage. In this comprehensive review, we’ll delve into key aspects, including regulatory compliance, available platforms and tools, educational resources, market coverage, account variations, and funding options. To provide you with an unbiased perspective, we’ll also weigh the pros and cons of this brokerage.

Pros & Cons

  • High leverage up to 1:3000
  • Wide range of markets
  • Low commission for Raw account
  • Various trading tools and signals
  • MetaTrader 5 and WebTrader 5 platforms
  • IUX Markets does not accept clients from certain countries, including Australia, Belgium, France, Iran, North Korea, Japan, and the United States
  • Lack of regulation and transparency
  • No educational resources
  • Limited customer support options

Summary

IUX Markets Review

IUX Markets Review

IUX Markets stands as an online broker, facilitating forex and CFD trading across a range of instruments encompassing commodities, indices, shares, and cryptocurrencies. The platform offers traders a choice between two main trading platforms, MetaTrader 5 and WebTrader 5, designed to be accessible on both desktop and mobile devices. In addition to this, the broker extends a selection of trading tools and signals aimed at aiding traders in their market analysis and decision-making processes.

IUX Markets further differentiates its offerings through three distinct trading account types: Standard, Standard+, Raw, and Pro, each characterized by variations in commission, spread, and leverage. However, it’s crucial to note that the broker’s claim of being licensed by the MWALI International Services Authority in the Union of Comoros is not associated with a widely recognized regulatory body. Furthermore, IUX Markets does not provide any educational resources and lacks clear information regarding funding methods and associated fees.

In light of these factors, it’s prudent to approach trading with IUX Markets with caution, as it may entail a heightened level of risk and uncertainty. Exploring alternative options, especially those with more transparent and comprehensive features, is advisable for traders seeking a secure and informed trading experience.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

IUX Markets is a Forex broker that is regulated in the Union of the Comoros and is also duly registered in St. Vincent and the Grenadines. However, it’s important to note that while it is registered with SVG FSA (Financial Services Authority of St. Vincent and the Grenadines), the SVG FSA does not regulate forex trading.

The broker is operated by IUX Markets Limited, a regulated and licensed broker of international CFDs trading securities. However, it is not publicly traded and does not offer investor protection, although it does maintain segregated accounts.

While IUX Markets is registered in certain jurisdictions, it is not regulated by a recognized financial regulatory authority that oversees forex trading. This lack of regulation may pose certain risks to traders, as there may be less oversight and protection for their investments. As always, it’s crucial for traders to conduct thorough research and due diligence before choosing a forex broker. For alternative options, please refer to a list of regulated brokers.

Platforms & Tools

IUX Markets presents its clients with a choice of two primary trading platforms: MetaTrader 5 and WebTrader 5.

  • MetaTrader 5: This stands out as a widely recognized and robust platform, boasting support for multiple markets, various order types, an array of indicators, and an assortment of trading tools.
    MT5 Trading Platform

    MT5 Trading Platform

  • WebTrader 5: It offers a convenient web-based solution, requiring no installation, and is accessible from any browser or device.
    IUX Markets WebTrader

    IUX Markets WebTrader

Both platforms deliver on the promises of swift execution, competitive spreads, substantial leverage, and advanced charting functionalities.

For those who prefer trading on the move, IUX Markets extends its services through a mobile trading app designed for Android and iOS devices, ensuring access to accounts and trading capabilities while on the go. Additionally, traders can benefit from a suite of trading tools, including an economic calendar, market news updates, trading signals, and copy trading features, aiding in staying informed about market movements, analyzing trends, and tracking the strategies of seasoned traders.

Education

While evaluating a forex and CFD broker, education becomes a crucial aspect for honing your trading skills and knowledge. Regrettably, based on the information available on their website, IUX Markets does not seem to provide any educational resources tailored to beginner traders. A notable absence is the lack of a dedicated section featuring tutorials, guides, webinars, or courses related to forex and CFD trading. Consequently, if you are new to trading or aspire to deepen your understanding of the markets, you’ll need to seek educational materials elsewhere.

IUX Markets appears to concentrate more on furnishing trading tools and signals primarily suited for experienced traders. Nevertheless, it’s worth acknowledging that such resources may not suffice for your journey toward long-term success as a trader. Given this limitation, exploring other brokerage options that offer more comprehensive and high-quality educational support for traders at all skill levels could be a prudent choice.

Markets

IUX Markets impresses with a diverse array of trading instruments spanning various asset classes, encompassing forex, commodities, indices, shares, and cryptocurrencies. The broker asserts access to an extensive offering of over 1000 markets, encompassing major, minor, and exotic currency pairs, esteemed metals like gold and silver, energy commodities such as oil and gas, renowned global stock indices including the S&P 500 and FTSE 100, popular shares such as Apple and Tesla, as well as digital currencies like Bitcoin and Ethereum. Furthermore, IUX Markets extends the option of futures contracts for select instruments, enabling traders to speculate on underlying asset price movements over specified timeframes. It’s important to note, however, that the broker does not provide precise specifications for each instrument, including details such as minimum and maximum lot sizes, spreads, commissions, swap rates, margin requirements, and leverage ratios. As a result, traders may need to reach out to the broker’s customer support or consult their trading platform to gather this information before initiating any trades.

Accounts

IUX Markets extends a selection of three distinct trading account types to cater to the preferences of its clientele: Standard, Standard+, and Raw. These accounts are characterized by variations in commission, spread, and leverage offerings.

  • Standard Account: This account operates without commission but features a relatively higher spread. It suits traders seeking a straightforward and transparent pricing structure. The leverage ratio for this account ranges from 1:1 to 1:1000, contingent on the specific instrument and account balance. Clients gain access to the same suite of trading platforms, tools, and instruments offered by IUX Markets.
  • Standard+ Account: In contrast, the Standard+ account introduces a moderate commission alongside its spread. This account is tailored for traders desiring the advantages of both commission-based and spread-based pricing models. Leverage ratios, again dependent on the instrument and account balance, range from 1:1 to 1:1000. Like the Standard account, it provides access to the same trading platforms, tools, and instruments.
  • Raw Account: The Raw account adopts a low commission structure with a narrower spread, making it a choice for traders aiming for cost-efficiency and precision. Leverage ratios, mirroring other accounts, span from 1:1 to 1:1000, contingent on the instrument and account balance. This account grants access to the identical array of trading platforms, tools, and instruments offered by IUX Markets.
  • Pro account: This account has a low commission and spread. It is suitable for professional traders who want to trade with the best possible conditions and the highest possible performance. The leverage ratio for this account ranges from 1:1 to 1:1000, depending on the instrument and the account balance. This account provides access to the same trading platforms, tools, and instruments that IUX Markets offers.

However, it’s important to note that the broker does not furnish details regarding minimum deposits, withdrawal fees, or the account verification process for these account types.

Funding

IUX Markets offers a variety of funding methods for its clients, making it convenient for traders to deposit and withdraw funds from their trading accounts. These funding options include bank wires, credit/debit cards (Visa and MasterCard), e-wallets like Skrill and Neteller, and cryptocurrencies such as Bitcoin and Ethereum. Additionally, the broker provides several online banking solutions for local Asian markets. By offering a diverse range of funding methods, IUX Markets ensures that traders can easily manage their accounts and focus on their trading activities.

Conclusion

In conclusion, our discussion has shed light on various aspects of IUX Markets, a forex and CFD broker. While IUX Markets presents a range of notable features, including diverse trading instruments and platform choices, it’s essential to exercise due diligence, particularly considering factors like regulation, educational resources, account types, and funding processes. It’s worth noting that while IUX Markets offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. Ultimately, the choice of a broker should align with your specific trading goals and preferences. For additional choices, we encourage you to explore our trading broker reviews.

IUX Markets Logo

$10

IUX Markets is a forex and CFD broker that offers a variety of trading instruments, platforms, and account types, but lacks transparency, regulation, and education.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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