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Global Broker Regulation & Inquiry App

Score

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/10

IUX

Saint Vincent and the Grenadines|5-10 years|
Regulated in Australia|Straight Through Processing(STP)|MT5 Full License|Global Business|

https://iux.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

13
Server Name
IUXMarkets-Live MT5
Server Location United States

Contact

+357 25247681
support@iux.com
https://iux.com/en
Beachmont Business Centre, 321, Kingstown, St. Vincent and the Grenadines.
  • The claim standard per customer is 7000 dollars

    IAP · Legal aid SS

Basic information

Registered region
Saint Vincent and the Grenadines
Operating period
5-10 years
Company Name
IUX Markets Limited.
Abbreviation
IUX
Company employee
--
Customer Service Email Address
support@iux.com
Contact number
0035725247681
Company website
Company address
Beachmont Business Centre, 321, Kingstown, St. Vincent and the Grenadines.
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open

Phan Thanh Tâm

Verified
Verified

Vietnam

Registration email: thanhtamphan1221@gmail.com Wallet ID: 1812431 Currently, I am trading at IUX. However, when I requested to withdraw money to my bank account, IUX stated that it would be processed within 24 hours, but it has been more than 24 hours and the money has not been transferred to my bank account. In the message notification board, it says that it is being reviewed. I contacted support, but I keep receiving requests to wait. I am very worried and afraid of losing money, and I don't know how long I have to wait. The withdrawal time was 17/12/2024 16:19 and until today, 19/12/2024, it is still under review.

Exposure

1d

Ronit_019

Verified

India

worst broker they do not even reply in the email withdrawal is pendig since 5 days.

Exposure

12-16

Cao Anh Chung

Verified

Vietnam

I am currently trading at iux. However, I deposited money with Cryto, but when I withdraw, there is no cryto, and I have to withdraw to the bank, but it has been more than 24 hours and I still haven't seen the money transferred. In the message notification table, it says it is being reviewed. I have contacted support but still keep receiving requests to wait. I feel anxious and don't know how long to wait. The withdrawal time is from 21:00 on December 9, 2024, and today is December 11, 2024, and I still see the status as under review. I hope to receive support.

Exposure

12-11

Sugeng Priatno

Indonesia

I I I was I was make deposit on iux use methode e-payment amount 486.08 usdt network bep20 with TxId: 0x6eb6ea02bc1c65a4b5a26a252b999ad8c84666ee097b83d04c15329df77ba7aa Every people can check on the blockchain was successed and i confirm to customer service at binance say the transaction was completed. But until now over 17 hours still not done to my mt5: 1790964 I was contac cs and support but still now it's not fix it

Exposure

12-11

Ronit_019

Verified

India

my withdrawal is pending its been 5 days

Exposure

12-09

damki

Laos

ຝາກເງິນບໍ່ເຂົ້າທີມງານບໍ່ຊວ່ຍເຫຼືອ

Exposure

12-08

ສາຍບວກ ພະເຄື່ອງ

Laos

Unable to withdraw one's own funds

Exposure

11-19

FX1434472525

Indonesia

My account cannot log in because it has been locked by the company's decision without any fault of mine. I have emailed and received a response.

Exposure

09-05

FX2359339853

Thailand

There is no confidence in customers. The customer service keeps bothering customers to wait, even though the money has already been transferred to another account and they say to wait in line.

Exposure

07-19

FX1670483493

Thailand

I signed up with the IUX broker and started adding money, trading as usual. If I lose money, I add again. When I got a profit, I pressed withdraw money and couldn't withdraw it, claiming that the IP was the same as someone else's, so I cut off all the profits, leaving only the capital to withdraw. and close my trading account. I contacted them to ask for results, and they were thrown around. The problem is that this mobile phone was just bought new. Never connected to wifi anywhere before. Use only the internet SIM that relies on the new number. The name that claimed the IP collided was never known.

Exposure

06-24

film1956

Thailand

Deposit 370 baht or equal to 10 dollars, you will get a bonus of 3.69, trade xauusd for 14 dollars, but in the app it says you can withdraw 17.45 dollars, contact the staff. They can check and withdraw like this.

Exposure

06-13

Nur Dwi

Indonesia

I made a withdrawal on the 18th and the status is processing, but until now there is no certainty about the withdrawal. After complaining via email, they said the withdrawal was successful. But I haven't received the funds at the bank and the withdrawal status is still processing. It's very funny, companies seem to be slow to address the problem.

Exposure

04-22

lucky 3446

Thailand

Hit SL while the graph is still very far away and the spread is not wide enough to hit SL while opening another order. The spread range seen while trading is not that wide. But it appears that when the order was issued, the opening price jump three to four hundred pips.

Exposure

03-26

TradeX-Ultra

India

I want to share my disappointing experience with IUX Market, a Forex broker. I made a deposit of 9000 INR on 31/01/2024, expecting it to reflect in my trading account within their promised timeframe of 10-15 minutes to a maximum of 24 hours. However, it has been 36 hours, and my deposit is still missing. Despite numerous attempts to contact IUX Market through their live chat and email support, but still pending. This delay goes against their commitment to timely transactions. Transaction Details: - MT5 Account: 1644246 - IUX User ID: 191621 - Deposit Amount: 9000 INR - Deposit Transactions ID: 1945920 - Deposit Order ID: 760349772 - UPI Reference ID: 439720969499 I have all the payment proof to substantiate my claim. This experience has left me concerned and frustrated, and I want to warn others about the questionable practices of IUX Market. Be cautious before dealing with this broker.

Exposure

02-02

Indra914

Indonesia

This is a scam...! I can't withdraw from the bonus account and I have already completed all the missions. Suddenly my account balance was 0. Don't use this broker!!!

Exposure

01-15

FX6736729992

Thailand

Cheat the chart by cutting the signal. Not allowed to trade while the equity is low and about to issue a hedge.

Exposure

2023-10-24

zul751

Malaysia

stay away this broker scammer my withdraw reject .follow the condition but still can withdraw .

Exposure

2023-02-07

Azrimasuri

Malaysia

This scam broker stay away.. them will delete your acc history after you chat with CS i will give proove wd and them delete.. can see the picture.. this f.u...c...k. Broker

Exposure

2023-01-30

FX1309014346

Thailand

I've been stuck for a long time and can't get through to customer service.

Exposure

2023-01-25

ประนอม

Thailand

There have been deposits and withdrawals for a while. But this time, I have ordered a withdrawal via brocker and emailed me a confirmation document, which we sent. From 28/Sep/22 until now 03/Oct/22, the broker still has not approved our withdrawal. He claims we use IP with 3rd parties, but the truth is our phones can hardly connect to Wifi because most of them use internet SIM cards because they are afraid of scammers. we also have installed various banking apps.

Exposure

2022-10-04

30
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Official website

Website

  • iux.com.au

    Server Location

    United States

    Website Domain Name

    iux.com.au

    Server IP

    172.67.131.39

  • iux.com

  • iuxmarket.com

Company Summary

IUX Review Summary in 10 Points
Founded2016
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFSCA,ASIC
Market InstrumentsCFDs, Futures, Indices, shares, metals and energies
Demo Account
Leverage1:3000
EUR/USD SpreadFrom 0.0 pips
Trading PlatformsIUX App Trade, IUX Web Trade, MT5 WebTerminal
Minimum Deposit$10
Customer Support24/7 Help Center
Regional RestrictionsAustralia, Belgium, France, Iran, North Korea, Japan, and the United States

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.

IUX Markets Information

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.

ProsCons
• Popular markets to trade• Clients from Australia, Belgium, France, Iran, North Korea, Japan and the United States are not accepted
• Demo accounts available• Limited customer support options
• Low minimum deposit from $10 only• Limited educational resources
• MT5 supported
• Flexible deposit and withdrawal options available
• No deposit and withdrawal fees

However, on the negative side, the broker's customer support options are limited, with only Help Center support available and no phone or live chat support. Meanwhile, it is quite weak when it comes to eucational offerings.

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.

Is IUX Legit?

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.

Is IUX Legit?

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.

Tradable Assets Supported
Currencies
Stocks
Indices
Cryptos
Commodities
Futures
Options
Market Instruments

Account Types

Standard, Standard +, Pro, Raw accounts are the available options for traders. The Standard account requires a minimum deposit of $10 and comes with a $30 bonus on the first deposit. The Standard+ account also requires a minimum deposit of $10 and offers no bonus, while the Pro account requires a minimum deposit of $500. Raw accounts also requires a minimum deposit of $500. All these types of accounts are more suitable for day traders.

Aside from live accounts, IUX demo account allows prospective traders to test out different trading strategies to trading without putting their own money at danger, resulting in a more relaxed trading experience.

Feature StandardStandard+RawPro
Minimum Deposit$10$10$500$500
Leverage1:30001:10001:30001:3000
Spread0.2 pips0.5 pips0.0 pips0.1 pips
Commissionxx$3 per lot per sizex
Free Swap/
Free Bonus//xx

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.

Spreads

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.

MT5

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 App Trade

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.

IUX Web Trade

MT5 WebTerminal: Combines the power of MetaTrader 5 with the convenience of web-based access. Ideal for traders who want MT5's features witho

MT5 WebTerminal

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.

Trading Calculators

Deposits & Withdrawals

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

IUX minimum deposit vs other brokers:

IUX Most other
Minimum Deposit$10$100

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

ModelsCPACPLRevenue Share
Rewards$20$0.6Up to $1,000
Conditions– Complete all verification requirements.– The New client complete all verification requirements.– The affiliate can earn 1% commissions on the first time deposit* of their new referred clients.
– The clients make their first time deposit*
– Investor trade minimum2.5 lots STD Fx, Metals and Commodity.– The client should be a new person who has never opened an account with IUX.
– The client should be a new person.

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.

FAQ

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.

Keywords

  • 5-10 years
  • Regulated in Australia
  • Regulated in South Africa
  • Straight Through Processing(STP)
  • Financial Service
  • MT5 Full License
  • Global Business

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