IUX Markets

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. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is IUX Markets？

IUX Markets is an STP forex broker providing access to a massive financial market including forex, commodities, indices, shares, and cryptocurrencies. With the IUX Markets 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. However, when it comes to regulatory information, IUX Markets disappoints us as it is not authorized or regulated by any regulatory authority.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

IUX Markets offers a wide range of trading instruments and account types with high leverage and competitive spreads, making it a potentially attractive option for traders. The broker also provides various trading calculators, as well as the popular MT5 trading platform.

However, the lack of regulation raises concerns about the safety and legitimacy of IUX Markets. Additionally, the broker's customer support options are limited, with only Help Center support available and no phone or live chat support.

IUX Markets Alternative Brokers

There are many alternative brokers to IUX Markets depending on the specific needs and preferences of the trader. Some popular options include:

• LegacyFX - a reputable broker that offers a range of instruments, competitive pricing, and a variety of account types to suit different traders.

• FX Broadnet - a regulated broker that provides a range of trading instruments, multiple account types, and a user-friendly trading platform, making it a good option for both novice and experienced traders.

• Interstellar FX - a good option for traders looking for a reliable broker with a user-friendly trading platform.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is IUX Markets Safe or Scam？

IUX Markets is an unregulated broker, and their National Futures Association (NFA) license is unauthorized, which raises concerns about their credibility and legitimacy. It is generally advisable to trade with regulated brokers as they are subject to strict regulations that protect clients' funds and ensure fair trading practices. Unregulated brokers, on the other hand, may not have the same level of oversight, and there is a higher risk of fraud or misconduct. Before investing with any broker, it is important to conduct thorough research and due diligence to ensure that they are reputable and trustworthy.

Market Instruments

IUX Markets provide the access to five classes of trading assets covering 60 currency pairs, 19 commodities, 12 stocks, 23 indices and 5 bonds. Clients can trade major currency pairs, as well as a range of minor and exotic pairs. Moreover, IUX Markets provides trading opportunities in various markets, including major stock indices such as the S&P 500 and NASDAQ, as well as individual shares, gold, silver, crude oil and other commodities. The availability of diverse financial instruments can offer traders ample opportunities to diversify their investment portfolios and take advantage of market movements across different assets.

Accounts

Standard Bonus, Standard, and Raw accounts are the available options for traders. The Standard Bonus 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 Raw account requires a minimum deposit of $200. All these types of accounts are more suitable for day traders. However, it is important to note that IUX Markets is unregulated, which may pose a risk to traders who choose to trade with them.

Aside from live accounts, IUX Markets 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.

Leverage

IUX Markets 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 Markets 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 Markets provides attractive trading conditions for traders who are looking for low-cost trading.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

IUX Markets 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.

Overall, the MT5 platform offered by IUX Markets provides traders with a comprehensive and reliable trading platform that can meet the needs of both novice and experienced traders.

See the trading platform comparison table below:

Trading Tools

IUX Markets provides a range of 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.

By using these trading calculators, traders can calculate their potential profits and losses, as well as their margin requirements and position sizes, which can help them to make more informed trading decisions. Overall, the availability of these trading tools can be seen as a positive aspect of IUX Markets' offerings.

Deposits & Withdrawals

IUX Markets offers a variety of deposit and withdrawal options, including Bank transfers, Credit/debit cards including Visa and MasterCard, e-payments like Skrill and Neteller, as well as cryptocurrencies of Bitcoin, Ethereum and others.

IUX Markets minimum deposit vs other brokers

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.

Customer Service

IUX Markets 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.

Overall, while IUX Markets offers some customer service options, the lack of live chat and phone support may be a concern for some traders.

Note: These pros and cons are subjective and may vary depending on the individual's experience with IUX Markets' customer service.

Conclusion

In sum, IUX Markets is an online broker that offers a variety of trading instruments across different asset classes, including CFDs, Futures, Indices, shares, metals, and energies. While the broker is unregulated and lacks transparency regarding its licensing and registration, it offers low minimum deposit and tight spreads. The broker also offers high leverage options and multiple payment methods for deposits and withdrawals.

However, the lack of regulation and limited customer support options may raise concerns for some traders. Overall, traders should exercise caution when considering IUX Markets as their preferred broker.

Frequently Asked Questions (FAQs)