IUX Review 2025

Trust

IUX Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the several entities operating under the IUX trade name:

• IUX Markets (MU) Ltd is licensed and regulated by the Financial Services Commission (FSC) of Mauritius under license number GB22200605. We rate the FSC as a Tier-3 regulator.
• IUX Markets Limited is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The entity is not regulated.
• IUX Markets ZA (Pty) Ltd is licensed and regulated by the Financial Services Conduct Authority (FSCA) of South Africa under license number 53103. We rate the FSCA as a Tier-2 regulator.
• IUX Markets AU Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 529610. We rate ASIC as a Tier-1 regulator. Currently, the entity does not accept new clients.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of Client Funds: Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Client funds are kept in segregated accounts from the broker’s capital with IUX.
• Negative Balance Protection: This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. Three IUX entities guarantee negative balance protection.
• Compensation Scheme: A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. IUX Markets (MU) Ltd is a member of The Financial Commission. Under its financial resolution scheme, clients are protected by up to EUR 20,000.
• Maximum Leverage: Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with IUX is 1:3000.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

My research indicated that IUX has been operating for nearly a decade, attesting to its longevity and stability. According to the broker’s LinkedIn page, the company hires about 50 professionals.

I also found that IUX is quite transparent when it comes to key safety information, which is presented clearly and is easy to understand. The broker is also open about the incorporation and regulatory status of its subsidiaries, clearly stating which institutions oversee them. I also appreciated the live spread feed on its website, which allows visitors to gauge IUX’s competitiveness in terms of trading fees quickly.

Is IUX Safe to Trade With?

Although one of the broker’s entities is unregulated, I determined that IUX is reasonably safe due to the following factors:

• Keeps client funds in segregated accounts
• Guarantees negative balance protection
• Is a member of The Financial Commission
• Has a fairly transparent website

Fees

IUX Trading Fees

IUX Spreads

I tested IUX’s spreads on 19 March 2025 during the London and New York opens. The results are shown in the table below:

My live testing demonstrated that, broken down by asset class and compared to the industry average, IUX’s spreads beat the benchmark across the board.

IUX Capital Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

I assessed that the IUX swaps I recorded (from the broker’s contracts specification page) are low to average compared to the industry benchmark.

However, all new accounts with IUX are fitted to support swap-free trading from the outset. This makes the broker a good choice for implementing long-term trading strategies.

IUX Non-Trading Fees

IUX does not impose a handling fee on deposits or withdrawals, though third-party processing fees may apply. Additionally, I learned that the broker does not charge an inactivity fee for dormant accounts.

Are IUX’s Fees Competitive?

I find IUX’s fees stack among the lowest in the industry. The broker’s spreads beat the benchmark across the board, and its trading accounts are rigged for swap-free and commission-free trading (barring its raw-spread account type). Moreover, the broker does not have any non-trading fees.

Platforms and Tools

IUX MT5 Desktop

I tested the desktop version of the MetaTrader 5 platform, which offers several essential tools, including one-click trading, an alarm setting option, and a market depth tool. These features enable traders to analyze market developments from multiple perspectives and take advantage of trading opportunities in various ways.

In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.

MetaTrader 5 Features

IUX’s MT5 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more.

MT5 also features:

• Alerts Setting: Traders can set alerts for when the price of a given instrument falls/rises to a predetermined level, which could potentially signal a viable entry opportunity.
• Watchlist Customization: Traders can populate watchlists with their favorite instruments and track market changes more easily.
• One-click Trading: This feature enables instant market entries at the spot price and is invaluable for high-precision traders, such as scalpers.
• Trading from the Chart: Traders can place conventional trading orders directly from the chart, specifying the entry price, volume level, stop and take-profit levels, and more.

Charts

As shown above, a common issue with MetaTrader is that its charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis.

I have broken down the available analytical tools and chart configurations below:

• 38 technical indicators: This includes trend-based and volume-based indicators and oscillators to analyze price action and assess market sentiment, helping predict market movements.
• 24 drawing tools: Tools like Fibonacci retracement levels and Elliott waves help identify price patterns, support/resistance levels, and breakout points. However, MT5’s design can make price action harder to interpret.
• 21 timeframes: For multi-timeframe analysis, enabling detailed price action analysis.
• 3 chart types: Price action can be displayed as line, bars, or candlesticks, offering diverse perspectives on trading opportunities.

The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.

Orders

MetaTrader 5 features three types of order execution: market, pending, and one-click trading, which allows for immediate entries at the spot price.

I have broken down the available order types on the MetaTrader 5 platform below:

• Market Orders: Used for immediate entry at the best available price. They guarantee volume filling, though the entry price may differ from the requested price.
• Limit Orders: Guarantee exact price entries but won’t be filled if the price doesn’t reach the trigger level.
• Stop Orders: They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

MT5 Desktop: My Key Takeaways

MetaTrader 5 is a good option for fast and simple order execution. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capability too rigid and less effective.

IUX MT5 Mobile

The MT5 mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

MT5 App: My Key Takeaways

The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.

IUX Web Trade

IUX Web Trade is powered by TradingView. Its charts are much more expressive, easily scalable, and supported by a larger selection of analytical tools than on MetaTrader 5. Price action is represented in high definition, and it’s considerably easier to spot price patterns. Additionally, the platform features 100+ technical indicators and 40+ drawing tools.

On the other hand, I found IUX Web Trade less practical than MT5 because it does not support automated trading via EAs.

IUX App Trade

The IUX App Trade features an intuitive design and TradingView-powered charts, offering a detailed and comprehensive view of price action. It also includes enhanced security measures, such as two-step authentication and biometric login.

Notably, the app comes with a built-in news screener, allowing users to stay updated on the latest market developments. Traders can place orders, adjust open positions, and manage their accounts—all on the go.

IUX Execution Model

IUX operates on a hybrid model whereby the broker can either serve as principal (market maker) or route client orders to a pool of external liquidity providers.

In the first case, IUX acts as a counterparty to client orders; it creates internal liquidity by selling against buyers and buying against sellers. This is how the broker facilitates fast order execution speeds averaging below 30 milliseconds.

Alternatively, its clients’ orders may be matched electronically, whereby the broker would no longer act as a counterparty.

Tradable Instruments

Broken down by asset class, IUX offers a high number of indices, an average number of currency pairs, commodities, and cryptocurrencies, and a low amount of share CFDs.

What Are CFDs?

Contracts for difference (CFDs) are derivatives that speculate on the underlying asset’s price without physical ownership.

For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What CFDs Can You Trade With IUX?

IUX Instruments: My Key Takeaways

I find IUX’s selection of instruments to be both diverse and well-suited to the needs of retail traders. The standout feature is the 6 thematic indices that traders can use to gain cross-market and cross-industry exposure, as well as to limit their trading exposure.

I also appreciated that IUX offers metals denominated in multiple currencies – EUR and USD. This allows traders to avoid paying conversion fees when trading on instruments denominated in their account’s base currency.

Customer Support

Customer Support Channels

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

I carried out my customer support test on 19 March at around 12:18 a.m. CET via live chat. Before connecting to an agent, I selected my preferred language, chose a topic of discussion, and navigated a chatbot. An agent then connected within a minute to the chat. She was polite and quite knowledgeable and responded to most of my questions within seconds.

Deposit and Withdrawal

IUX Deposits

IUX Withdrawals

Account Types and Terms

IUX Account Opening Process

To open an account with IUX, follow these simple steps:

1. Click ‘Open Account’ at the top-right corner of the main page.
2. Fill in your country of residence and personal email address.
3. Choose a password and agree to IUX’s terms and conditions.
4. Verify your email address and log in to the client area.
5. Upload proof of ID and proof of address to verify your account.

IUX Account Types

IUX’s Standard account is highly accessible, with a low $10 minimum deposit, competitive spreads, and leverage up to 1:3000, making it ideal for casual or budget-conscious traders.

For high-volume traders, the Raw and Pro accounts offer raw spreads from 0.0 pips and remain affordable with minimum deposits of just $500, striking a solid balance between pricing and performance.

Demo Accounts

IUX offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account.

Islamic Accounts

IUX offers Islamic accounts for swap-free trading that are compatible with Sharia law. For additional information, please contact IUX’s customer support.

What is CFD Leverage?

Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Maximum Leverage By Asset Class

In the table below, I have listed the maximum retail leverage available with IUX for instruments from different asset classes:

IUX Restricted Countries

IUX does not accept as clients residents of Australia, Belgium, Canada, France, Japan, Ukraine, the United Kingdom, the US, or any other jurisdiction where trading is prohibited by law.

Research

Research Tools

IUX publishes opinion pieces on trending topics in the financial and trading industries. These articles cover a broad perspective on the subject matter and help traders stay on top of the latest market developments. However, IUX’s articles do not feature practical trading insights because they do not focus on current trading opportunities.

The most rudimentary research tool of the bunch, IUX’s economic calendar informs traders of upcoming market events – financial news and economic releases. These are often widely anticipated as they tend to create viable trading opportunities.

Incorporated from TradingView, the currency heatmap tracks changing market dynamics. It shows the latest changes in buying and selling pressures across major currencies, such as the USD, EUR, GBP, JPY, and more. With a brief glance at the heatmap, the user can quickly assess which currencies are exhibiting bullish behavior and which ones are rather bearish.

Last but not least, IUX offers a trending technical analysis tool, also powered by TradingView. It acts as a market sentiment gauge, showing buying and selling pressure across various instruments and timeframes. This helps users evaluate how an instrument may behave in the short term compared to the long term.

IUX Research: My Key Takeaways

IUX’s market research feels a bit like a mixed bag. On one hand, the broker publishes engaging and informative articles, but they fall short of practical, actionable insights. While IUX does offer several market sentiment tools, it lacks dedicated trading signals and in-depth technical analysis.

Education

I counted more than 50 educational videos on IUX’s YouTube channel, which are available in different languages. The broker has also published several introductory articles on trading and investing.

Additionally, IUX has developed three courses on the basics of trading and investing that are available to even unregistered traders. The courses include 23 individual lessons with a total runtime of over 2 hours.

The Bottom Line

Founded in 2016 and headquartered in Cyprus, IUX is a forex and CFD broker offering 130+ tradable instruments across currencies, commodities, share CFDs, indices, and cryptocurrencies.

What impressed me most were IUX’s ultra-low trading fees and accessible account options. Spreads consistently beat the industry average, the minimum deposit is just $10, and all new accounts come swap-free by default. On top of that, IUX charges no non-trading fees, adding to its cost-effectiveness.

The broker has built its own web platform and mobile app and also supports MetaTrader 5. I found the average order execution speed to be 30 milliseconds, which is faster than the industry benchmark.

As for drawbacks, IUX’s research and educational content lack depth and consistency, and copy trading isn’t supported.

If you’re looking for low trading costs and fast execution, IUX is a strong choice, particularly for traders who value simplicity and efficiency.

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