General Information
Registered in Saint Vincent and the Grenadines, IUX Markets is a forex broker providing access to a massive financial market, such as currency pairs, commodities, stocks, indices and bonds.
With the IUX Markets platform, four 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. Here we can see that WikiFX has given this broker an extremely low score of 1.91/10.
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.
Account Types
Cent accounts, Standard, accounts, Standard Bonus accounts and Raw accounts are the available options for traders. The minimum deposit is determined by the minimum deposit, namely, a small amount of $10 to open a cent account, standard account, or a standard bonus account, $200 to open a raw account. With one account, a total of 90 currency pairs can be traded, and these types of accounts are more suitable for day traders.
Demo Accounts
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.
Spreads & Commissions
Trading accounts set the commissions and spreads. Cent accounts and Standard offer spreads from 0.2 pips, with no commissions charged. Standard Bonus account offers spreads from 0.5 pips, with no commissions charged either. The Raw account offers spreads from 0.0 pips, with a commission of $3.5 per lot per side.
Leverage
IUX Markets enables its clients to use leverage of up to 1:3000. This is significantly greater than the limits judged appropriate by many regulators, while maximum leverage for major forex is up to 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
The MT5 trading platform, widely regarded as the best in the business, is available through IUX Markets, which can be accessed on Windows, MacOS, IOS, Android.
Payment Methods
The minimum deposit is $10 and various payment methods are available for clients to make a deposit and withdrawal. IUX Markets says it does not charge any fee for deposits and withdrawals.
However, what these brokers promise is not always true, and it is advisable for you to check out real reviews about this broker on the internet.
Customer Support
If you have any inquiry or trading-related issues, you can get in touch with this broker through the following contact channels:
7/24 Online Chat support
Email: support@iuxmarket.com
Company Address: Suite 305, Griffith Corporate Centre, Kingstown support@iuxmarkets.com
Or you can also follow this broker on Instagram, Linkedin, Facebook, Twitter, and Youtube.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is IUX Markets regulated？
No, IUX Markets is not regulated.
What is the maximum leverage provided by IUX Markets？
The maximum trading leverage provided by IUX Markets is up to 1:3000.
What trading instruments does IUX Markets provide？
IUX Markets offers the access to five classes of trading assets covering 60 currency pairs, 19 commodities, 12 stocks, 23 indices and 5 bonds.
2023-02-27 16:27
2023-02-08 15:50
