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5.09 /10


United Kingdom

2-5 years

Regulated in Australia

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MT4/5 full license

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Risk Management Index 9.46
Software Index 6.91
Regulatory Index 3.49
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IEXS · Benchmark
Average transaction speed(ms)
343.3 Great
The highest transaction speed(ms)
59 Great
The highest speed of opening positions(ms)
59 Perfect
The highest speed of closing position(ms)
70 Great
The lowest speed of opening positions(ms)
1331 Good
The lowest speed of closing position(ms)
1232 Good
Ranking: 62 / 121
Test user 330
Transactions 3,650
Ocuppied margin $1,381,138 USD
Data Source WikiFX Data provide
Updated: 2023-05-26 01:05:00
Pyramid scheme complaint

Weird platform, maliciously delete orders, modify background passwords, and do not give money for profit.

Please enter that my account was opened and deposited in August, and I placed a 0.7 crude oil short order. It was not in the early trading hours, and I still lost money before the end of August. At the beginning of September, I made a profit withdrawal, in September? I closed all the positions and made a profit every day, applied for a withdrawal, and received an email from the platform, telling me that the illegal transaction was only settled until August 30, and the profit in September was not calculated, and my mt4 account password and background login password were modified. Waiting for the review notice, the so-called violation can't be said. In fact, traders can only lose money on this platform, and can't make money. Otherwise, why not give money? Now my friend tells me that this platform is a white label platform that I bought in the name of foreign capital, so it is very likely that my order has not been sold to the market. Even thousands of dollars in profit can’t be withdrawn. Why is this kind of platform just and fair to promote in the market? We provided the platform with the complaint email, but there was no reply, and the account manager did not deal with it. Now we can only negotiate with the platform through a third party, and give our traders justice. If the problem is not solved, we will fight with the platform to the end. The platform withdraws from the foreign exchange market.

2022-09-14 13:32
IEXS · Company summary
Registered in United Kingdom
Regulated by FCA, ASIC
Year(s) of establishment 2-5 years
Trading instruments Forex pairs, commodities, stocks, indices, options, bonds, futures, crypto and funds
Minimum Initial Deposit $200
Maximum Leverage 1:500
Minimum spread 0.1 pips onwards
Trading platform MT4, MT5 and IEXS WebTrader
Deposit and withdrawal method Information not available
Customer Service 24/5 service, Email, phone number, FAQ section
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of IEXS


  • Regulated by FCA and ASIC, providing a high level of security and reliability to customers.

  • Wide range of trading instruments available, including forex, indices, metals, energy, shares, options, bonds, futures, and crypto.

  • Multiple trading platforms including MT4, MT5, and IEXS WebTrader, catering to the needs of various traders.

  • Competitive spreads and deep liquidity available, especially for DMA account holders.

  • A variety of educational resources offered, including an economic calendar and market news.


  • No information available on deposit and withdrawal methods.

  • The maximum leverage available for forex is high at 1:500, which may increase the risk of losses for inexperienced traders.

  • The minimum deposit requirement for DMA account is relatively high at USD 10,000.

  • Limited customer support options available, with only email and phone support, and no live chat.

  • No information available on promotions and bonuses offered.

What type of broker is IEXS?

Advantages Disadvantages
No conflict of interest Higher spreads than market makers
No requotes Less control over spreads
Direct access to liquidity providers Slippage can occur during high market volatility

IEXS operates as a Straight Through Processing (STP) broker. This means that they do not act as a market maker, instead, they pass their clients' orders directly to liquidity providers such as banks or other brokers. By doing so, they can provide their clients with a transparent trading environment with no conflict of interest. This also eliminates the need for requotes as the prices offered are taken directly from the liquidity providers. However, since IEXS does not control the spreads, they may be higher than what market makers offer. In addition, slippage can occur during high market volatility since there is no guarantee that the order will be filled at the requested price. Nonetheless, STP brokers like IEXS are often preferred by traders who value transparency and fair trading conditions.

General information and regulation of IEXS

IEXS is a UK-based STP forex broker regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). They offer trading on forex, indices, metals, energy, shares, options, bonds, futures, crypto, and funds. Clients can choose from different account types with varying minimum deposits, and trade using popular platforms such as MT4, MT5, and IEXS WebTrader. IEXS provides educational resources and 24/5 customer support via email and phone.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
63+ forex pairs available, including major and emerging pairs Limited selection of shares compared to some other brokers
CFDs available on global index instruments No options on individual stocks available
Range of metals and energy products, including gold, silver, and oil Limited selection of bonds and futures
Reputable shares available for trading Crypto selection is limited to a few major coins
Options, bonds, futures, crypto, and funds also available

IEXS offers a diverse range of instruments for trading, with a focus on forex, index CFDs, metals, energy, and shares. With over 63 forex pairs, traders have a broad selection to choose from, including both major and emerging pairs. The availability of CFDs on global index instruments also provides opportunities for traders to diversify their portfolios. In addition, IEXS offers a range of metals and energy products, including gold, silver, and Brent and West Texas crude oil, as well as reputable shares and other investment instruments like options, bonds, futures, crypto, and funds. However, there are some limitations, such as a limited selection of shares compared to other brokers, no options on individual stocks, and a relatively small selection of bonds, futures, and cryptocurrencies. Overall, IEXS offers a good variety of trading instruments, with enough options to satisfy many traders.

market instruments
market instruments

Spreads and commissions for trading with IEXS

Advantages Disadvantages
Transparent and detailed spread and commission information provided Some spreads and commissions may be higher than competitors
No hidden fees Certain accounts may have higher commissions
Competitive spreads for major currency pairs Other brokers may offer lower spreads for some instruments
No requotes or hidden charges No discounts for high volume traders or VIP clients

IEXS provides customers with transparent and detailed information on spreads and commissions, which is commendable. The trading instruments interface displays a comprehensive table showing the spreads, margin call, lot value, and margin stop levels for each instrument. This makes it easy for customers to compare the costs of different instruments and make informed trading decisions. The spreads for major currency pairs such as EURUSD are competitive, with a spread of 1.8 pips. Additionally, there are no hidden fees or charges, and there are no requotes. However, some spreads and commissions may be higher than competitors, and certain accounts may have higher commissions. Furthermore, there are no discounts for high volume traders or VIP clients.

spreads and commissions

Trading accounts available in IEXS

Advantages Disadvantages
Variety of account types to suit different trading needs High minimum deposit requirement for DMA account
No commission charges for Standard Account Limited range of account types
Access to deep liquidity and maximum control with DMA account No Islamic account available
Sophisticated and state-of-the-art trading platforms (MT4 and MT5)
Demo account with virtual funds of 100,000 USD

IEXS offers a variety of account types to cater to different trading needs, with a minimum deposit requirement of USD 200 for the Standard Account and USD 10,000 for the DMA Account. The Standard Account provides ultra-competitive spreads with no commissions, whereas the DMA Account is designed for traders who demand deep liquidity and maximum control of their strategy execution, with access to level 2 pricing from top-tier liquidity providers. The trading platforms offered are sophisticated and state-of-the-art, including MetaTrader 4 and 5, and a demo account with virtual funds of 100,000 USD is available for traders to practice and familiarize themselves with the platform. However, the DMA Account has a high minimum deposit requirement, and there is a limited range of account types available. Additionally, there is no Islamic account offered for Muslim traders.

account types

How to open a real account?

Applying for a trading account with IEXS is quick and easy. Simply follow their three-step process outlined below:

1. Complete their simple online form and get instant access to their trading platforms while they verify your details.

2. You may be required to upload additional documents to verify your identity (proof of identity, bank statement and proof of address etc.)

3. The staff will inform you once your application has been approved, you can then deposit funds through their secure online process and start trading!

Trading platform(s) that IEXS offers

Advantages Disadvantages
User-friendly and highly customizable platforms with advanced charting tools and technical analysis capabilities. No proprietary trading platform offered.
MetaTrader 4 and 5, widely used and popular platforms with a large community and various plugins available. Limited educational resources on the platform for beginners.
WebTrader, a browser-based platform that doesn't require installation and can be accessed from anywhere with internet connection. Limited integration with third-party tools and plugins.
Ability to use expert advisors (EAs) and automated trading strategies. Limited choice of platforms compared to other brokers.
Multi-language support and available on multiple devices, including desktop, mobile and tablet. May require some time to get used to the platform for beginners.
Robust security features with encrypted data transmission and two-factor authentication. No support for social trading features like copy-trading or signals.

IEXS offers traders a range of platforms including the widely popular MetaTrader 4 and 5, as well as their own WebTrader platform. These platforms are highly customizable, user-friendly and come with advanced charting tools, technical analysis capabilities, and the ability to use expert advisors and automated trading strategies. In addition, the WebTrader platform is browser-based, making it easily accessible from anywhere with an internet connection. However, some of the drawbacks include limited educational resources for beginners, limited integration with third-party tools and plugins, and no support for social trading features like copy-trading or signals. Overall, IEXS provides a reliable and robust trading platform for traders of all levels.

Here is an introducing video about their MT4 channel on their official YouTube website.

trading platform

Maximum leverage of IEXS

Advantages Disadvantages
Allows for higher potential profits with smaller deposits Higher leverage also means higher risk and potential for larger losses
Provides flexibility and versatility in trading strategies May encourage traders to take on more risk than they can handle
Enables traders to control larger positions with smaller amounts of capital Requires traders to have a strong understanding of risk management
Can enhance trading performance in certain market conditions Not suitable for all traders, especially inexperienced ones

The maximum leverage offered by IEXS provides traders with the opportunity to increase their potential profits and flexibility in trading strategies. However, it also comes with significant risks and requires a strong understanding of risk management. It is important for traders to carefully consider their risk tolerance and experience level before using high leverage.

maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
· None identified · Lack of transparency regarding deposit and withdrawal options, fees, and policies.
· Clients may need to contact customer support to obtain necessary information.

IEXS does not provide clear information on their website regarding deposit and withdrawal methods, fees, processing times, and minimum/maximum deposit/withdrawal amounts. This lack of transparency may cause inconvenience and confusion for potential and existing clients. It is advisable to contact their customer support team to inquire about the available deposit and withdrawal options and related policies.

Educational resources in IEXS

Advantages Disadvantages
Access to economic calendar and market news Limited educational materials
Daily analysis reports and technical analysis tools No formal education program or courses offered
Trading calculators and risk management tools No live webinars or seminars offered
Investor protection resources, such as negative balance protection Limited market analysis tools

IEXS provides a decent range of educational resources to help their traders stay informed and make informed decisions. The economic calendar and market news keep traders up-to-date on the latest developments in the markets they trade. Additionally, daily analysis reports and technical analysis tools are available to help traders analyze and make sense of market movements. Trading calculators and risk management tools help traders calculate and manage risk when making trades. While IEXS lacks a formal education program or courses, they do offer investor protection resources such as negative balance protection. The only downside is the limited market analysis tools and the absence of live webinars or seminars for traders to learn and interact with experienced professionals.

educational resources

Customer service of IEXS

Advantages Disadvantages
Multiple customer support channels available (Email, phone, FAQ) No live chat support available
24/5 customer support available

When it comes to customer care, IEXS offers various channels for customers to reach out to them for support, such as email, phone and FAQ section on their website. Additionally, they offer 24/5 customer support, which means that their support team is available for assistance during trading hours throughout the week. While these are certainly positive aspects of their customer care dimension, they do not offer live chat support, which is a popular and convenient method for customers to get quick answers to their queries.

customer support


In conclusion, IEXS is a UK-based forex broker that offers a range of trading instruments including forex, indices, metals, energy, shares, options, bonds, futures, crypto and funds. The company provides access to three trading platforms, including MT4, MT5, and IEXS WebTrader, as well as a demo account for traders to practice their strategies. IEXS also offers educational resources, an economic calendar, and market news to assist traders in making informed trading decisions. While IEXS offers competitive spreads and leverage up to 1:500, there are limitations in terms of the lack of transparency around deposit and withdrawal methods and fees. Additionally, the minimum deposit for the DMA account is quite high at USD 10,000. Overall, IEXS provides a reliable trading environment for traders seeking access to multiple financial markets with excellent customer service and support.

Frequently asked questions about IEXS

  • Q. What is IEXS?

  • A. IEXS is a UK registered STP forex broker regulated by the FCA and ASIC. The company offers trading in forex, indices, metals & energy, shares, options, bonds, futures, crypto and funds.

  • Q. Is IEXS a regulated broker?

  • A. Yes, IEXS is regulated by two major regulatory bodies: the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

  • Q. What trading platforms does IEXS offer?

  • A. IEXS offers three trading platforms: MetaTrader 4, MetaTrader 5, and IEXS WebTrader.

  • Q. What is the minimum deposit requirement for opening an account with IEXS?

  • A. The minimum deposit requirement for a standard account is USD 200, while for a DMA account, the minimum deposit is USD 10,000.

  • Q. What is the maximum leverage offered by IEXS?

  • A. IEXS offers a maximum leverage of up to 1:500 for forex trading and up to 1:20 for index trading. However, it is important to note that higher leverage also means higher risk, so traders should always exercise caution when using leverage.

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more than one year
I traded on it a long time ago. The spread is normal but there has been no slippage. The withdrawal is not fast, but it is smooth. As far as my years of trading experience is concerned, I think it is worth trying if it can be ranked at the middle level.
2022-12-19 13:00
more than one year
I saw that this company claims that it has some kind of deposit bonus... If a company is a scammer, neither the bonus nor your principal will reach your hands in the end, so don't be blinded by these small favors!
2022-12-15 09:42
more than one year
I have a foreign exchange friend who told me that if a foreign exchange broker only has an offshore regulatory license, it is best not to trade with it! I saw that Yingshi Securities only has a Vanuatu license, and a person on wikifx said it was a scam... I decided to stay away from this company.
2022-12-14 16:45
more than one year
I have been trading with this company for 5 months and I am satisfied and will continue to trade. I can trade with the financial products I like! The leverage is only 1:50, but I think forex trading is a very risky thing, we should not be too aggressive.
2022-11-23 10:21
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