For this IUX review, we opened a live account and deposited over €3,000.

We traded instrument in each market to understand the actual spreads and placed 10 trades in total.

We reached out to the broker’s customer support team to resolve the issues we faced.

Finally, we withdrew our funds to check whether the withdrawal process was smooth.

What is IUX

IUX is a Cyprus-based International forex and CFD (contract for difference) broker. It was founded in 2016 and has Cyprus as its headquarters, however does not hold a financial trading license from Cyprus.

The broker has entities and is regulated in multiple jurisdictions, including newly added Australia, South Africa, SVG, Mauritius and Labuan (currently the license is processing), therefore establish international operations.

IUX trading offering include services for Forex, Stocks, Indices, Commodities, and Cryptocurrencies.

Some of the highlights of IUX are:

🗺️ Authorised & Regulated inAustralia, South Africa, SVG, FSC, Labuan (processing)
🛡️ Is IUX safeYes
💰 EUR/USD Spread1.1
💳 Minimum depositUS$10
💰 Withdrawal fee$0 charges
🖥️ Trading PlatformMT5, WebTrader, IUX App
📈 Markets offered Forex, Stocks, Indices, Commodities and Cryptocurrencies
📉 Number of Products230

Licenses and Regulations

IUX is licensed by 5 regulators, while main office is based in Cyprus, IUX entities are established and regulated in Australia (ASIC), South Africa (FSCA), Saint Vincent and the Grenadines (FSA), Mauritius (FSC) and Labuan (LFSA) – currently the license is under processing).

The Broker enlarges its licenses and global presence and obtained Australia licenses which is a top-tier regulation, also South Africa’s FSCA is deemed as a reputed global financial market regulator. While others are in fact offshore zones good for international trading, yet does not provide top-tier regulation.

Here’s a full list of the licenses held by IUX subsidiaries:

Legal entityRegistered inRegulatorLicense numberAccepting clients fromCompensation scheme amount
IUX Markets AU Pty LtdAustraliaAustralian Securities and Investments Commission (ASIC)529610Australia No compensation scheme
IUX Markets ZA (PTY) LtdSouth AfricaFinancial Sector Conduct Authority (FSCA)No. 53103South Africa, Africa Region No compensation scheme
IUX Markets LimitedSVGFinancial Services Authority (FSA)26183 BC 2021Globally, many countriesNo compensation scheme
IUX Markets Ltd
(processing)
LabuanLabuan Financial Services Authority (LFSA) LL 18105Globally, many countries No compensation scheme
IUX License Review

Is IUX Safe

Yes, IUX is a safe broker

The broker is regulated by a reputed financial markets regulator in South Africa, also obtained a Top-tier License from ASIC, as such operates under quality overseeing of the Broker operation.  

For our tests, we opened Standard account with IUX Markets ZA (PTY) Ltd, which is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

We recommend you open an account with the South Africa or Asutralia entity if their services are available in your jurisdiction.

Fees and Commissions

IUX fees on trades depend on the account type. For Standard, Standard+ and Pro accounts, the fees are built into spreads. The broker charges a commission for trades on Raw account type with spreads from 0 pips and 3$ commission per side.

Spreads on our forex and commodities were on average with industry benchmark. While Indices and Stocks spreads were competitive.

Spread Charged in our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get an understanding of the average spread.

Our test is based on IUX Standard account. The spreads for our trades on forex, indices, and stocks remained constant

Details of our trades are shown below the table.

MarketsInstruments1st trade 2nd trade 3rd trade Avg. Spread
ForexEUR/USD1.11.1 1.2 1.1
IndicesS&P5009.39.39.39.3
StocksGOOGL0.80.81 0.8 0.8
CommoditiesGold1.81.8 1.8 1.8

We executed all our trades via the IUX iOS App on our iPhone.

Our testing finds that IUX spreads on Indices and Stocks are much lower than the industry benchmark. Spreads on Forex and Commodities, however, are on the average or close to average side.

MarketsInstrumentsAvg. Spread ChargedIndustry Avg. Spread
ForexEUR/USD1.11.16
IndicesS&P500 9.349
StocksGOOGL 0.81.2
CommoditiesGold1.81.6

Other fees

IUX does not have any noticeable non-trading fees. The broker offers free deposits and withdrawals, besides there is no account maintenance or inactivity fee.

Account Types

IUX offers four straight-forward account types: Standard account, Standard+ Account, Raw Account and Pro account.

Details of the Four offered IUX Accounts are:

StandardStandard+RawPro
Trading PlatformsMT5, WebTrade, AppsMT5, WebTrade, Apps MT5, WebTrade, Apps MT5, WebTrade, Apps
Account CurrencyUSD/ EUR USD/ EUR USD/ EUR USD/ EUR
Minimum Deposit$/€ 10 $/€ 10 $/€ 500$/€ 500
CommissionZero Zero 3$ Zero
Order ExecutionMarket ExecutionMarket ExecutionMarket Execution Market Execution
SpreadFrom 0.2From 0.5From 0 From 0.1
Note

IUX also offers swap-free Islamic accounts available for all account types.

For our tests, we chose to open Standard Account.

IUX Account Opening

Our overall experience of opening a new account with IUX was smooth and quick.

We opened a Standard account for our tests under the FSCA-regulated entity.

The process of registration of a new IUX account:

  1. Select trading account type, country of residence, first name, last name, email, and password.
  2. Enter the verification code sent to the provided email.
  3. Provide personal details like phone number, date of birth, tax country, and address.
  4. Choose the desired trading platform.
  5. Provide financial details like employment status, annual income, and value of savings and investments.
  6. Answer questionnaires on trading experience.
IUX Account Opening Review

The registration process took 15 minutes only, and our account was approved in 2 working days.

We opened Standard account with IUX Markets ZA (PTY) Ltd, which is regulated by the FSCA South Africa for this test.

Deposit and Withdrawal

Both deposits and withdrawals on IUX are easy and fast. There are many methods supported and all our funding requests were completed without any issues.

IUX Minimum Deposit

The minimum deposit on IUX varies with the account types.

  • Standard and Standard+ account: $10
  • Raw and Pro account: $500

IUX Deposit

IUX supports deposits with bank transfers, local payment, credit and debit cards, online wallets, Crypto Pay and Union Pay.

The broker does not charge any fees for deposits and Deposits are processed quickly.

IUX Deposit Review

IUX Withdrawal

IUX allows clients to make withdrawals using same payment methods as available for deposits. There are no fees for withdrawal requests, however third-party fees may apply.

There is a low minimum amount for withdrawal 3$.

IUX does not charge a fee on withdrawals.

We did not face any challenges when withdrawing funds.

Markets and Products

IUX offers a total 230+ various instruments in different asset classes for trading including Forex, Stocks, Indices, Commodities and Cryptocurrencies.

The complete list of IUX’s product offering:

MarketsInstruments
Forex60
Indices23
Stocks120
Commodities19
Cryptocurrencies5

The broker offers regular number of instruments but is lower than industry leaders who offer thousands of products. Besides, the number of offered instruments depend on the account jurisdiction.

Trading Conditions

The trading conditions at IUX are quite good. Traders can execute majority of trading strategies as the broker allows strategies like scalping and auto trading, also Expert Advisors (EAs) or Robot Trading is available on MT5 platform.

However, there are some restrictions to use Hedging and Arbitraging.

Trading MethodAllowed
HedgingNo
ScalpingYes
Change LeverageYes

Leverage

IUX offers traders various leverage levels depending on the instrument with a maximum of 1:3000 which is a high leverage.

Traders are allowed to change account leverage levels after registration, traders of STandard+ account may use maximum of 1:1000 leverage.

Leverages offered by IUX on various asset classes are detailed below and depend on the entity you trade or account type you use:

MarketsIUX Markets ZA (PTY) LtdIUX Markets Limited
Major Currency Pairs3000:1 3000:1
Commodities50:1 50:1
Metals50:1 50:1
Indices50:1 50:1
ETFs10:1 10:1
Stocks5:1 5:1
Cryptocurrencies5:1 5:1

Bonus

IUX offers various bonuses and deposit bonus on time basis, conditions based on the amount deposited and account type you select. Typically there are two types of bonuses offered you can open a Standard account for a deposit credit of 35% up to $300 and a 25% deposit credit up to $3,000.

IUX Platform

IUX offers various platforms as trading software available on the web, desktop, and mobile. These are the following trading platforms:

  • MetaTrader 5 and MetaTrader5 WebTerminal
  • IUX Web Trade (IUX proprietary platform)
  • IUX App Trade

MetaTrader 5 is third-party trading platform developed by MetaQuotes Software and is among top used platforms in industry with quality charts.

IUX MT5 Trading Platform Review

We found the provided MT5 and WebTrade platforms to be well suited to all types of traders with good charts and numerous functions

Research and Tools

IUX offers some market research and analysis tools. Analysis tools provided with TradingView cooperation, but limited to 3 main tools only.

Some of the key tools offered by the broker are: 

  • Good charting tools
  • Economic calendar
  • VPS for forex trading
  • Market Screener, Heat Map and Trending Technical Analysis
  • Newsfeed

IUX broker’s research offering was quite basic in our test. There are only few extra tools provided compared to industry leaders that provide numerous tools and Market Tool with great research, apart from the standard MT5 tools which are good, .

IUX Research Review

Education

IUX offers basic educational resources. Its provided articles cover some trading basics, Copy Trading and Investing Articles.

The broker also has only one Learning Course – Welcome to Investing completed with 7 Trading Education Video.

Based on our Test IUX Education is rather basic compared to industry leaders. Complete Trading Beginners better look for more detailed education or Trading Courses

IUX Education Review

Customer Service

IUX provides excellent customer support.

Traders can contact the broker via:

  • Live chat 
  • email
  • Phone

The support staff is available 24/7 and supporting numerous languages.

Our experience with IUX customer support was excellent.

The support staff on live chat answered instantly, also Chat has a Bot answers with detailed FAQ section for frequently faced issues.

QuestionResponse TimeQuality of reply
Live chatAsked about minimum deposit for PRO Account1 minuteIt was direct and accurate.
IUX Customer Support Review

Conclusion

Our overall experience with IUX was good.

IUX Review found Broker offers a decent trading conditions with good number of currency pairs and forex spreads below or on average industry benchmark. 

Our experience with account opening, deposits, and withdrawals were also smooth and without any issues. The customer support is excellent, we recommend you approach the support team over live chat.

The only lower than industry offering we would mark Education and Research quality, also instruments range is lower than thousands of instruments provided by Market leaders.

We recommend IUX to forex traders who prefer MT5 platoform run strategies like scalping and Auto Trading

We recommend IUX for traders who are

  • Experienced traders
  • Auto Traders and Scalping Startegy
  • Trading through MT5
  • Traders who look for low minimum deposit
  • International Traders
  • Traders from Australia

IUX might not be a fit if you are

  • Real Stock / Futures Trading
  • Run Hedging Strategy
  • Looking for wider instrument range
  • Prefer other platforms like MT4, cTrader, NinjaTrader
  • Complete Beginning Traders

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

3 replies on “IUX Review 2025”

I’ve tried several brokers, but I ended up choosing IUX because I feel that its system is more stable and secure than others. Seeing Fulham FC as a partner also boosted my confidence in IUX even more.

I have been using the IUX platform for a very long time. This is a broker with a good system, both stable charts and very low spreads. And I can also hold orders overnight for free. That really impressed me.

If you’re looking for a broker with a stable trading system and low spreads, I highly recommend this broker. The spreads are low, and the deposit/withdrawal system is fast. IUX’s trading system is excellent for opening multiple orders or trading news events. Orders are executed quickly, making it very convenient. Give it a try—it’s really good!

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