IUX

IUX is an ECN forex and CFD broker established in 2022 and headquartered in Ebene, Mauritius. The broker operates under the corporate name IUX Markets Limited, with its registered address at Ebene House, Hotel Avenue, 33 Cybercity, Ebene, 72201. Despite its recent founding, IUX has rapidly expanded to serve over one million users globally, according to its own figures. The broker offers access to forex, commodities, indices, shares, and cryptocurrencies through leveraged CFD trading.

IUX holds regulatory licenses from two authorities: the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA) of South Africa. However, the broker is registered in Mauritius, a jurisdiction known for its less stringent oversight compared to major financial centers. It is important to note that ASIC regulates IUX's Australian entity, while the FSCA covers South African operations. The broker does not hold a license from the Financial Services Commission (FSC) of Mauritius in its own name on our records. Traders should verify which legal entity they are dealing with, as regulatory coverage may vary by region.

IUX provides three account tiers: Standard, Pro, and Raw. The Standard account is designed for beginners, with a low minimum deposit of $50 and spreads starting from 0.2 pips. The Pro account appeals to intermediate traders with a $200 minimum and similar spreads, while the Raw account targets scalpers and high-volume traders with raw spreads from 0.0 pips and a commission per lot. All accounts offer leverage up to 1:3000, which is extremely high and carries significant risk. Micro lot trading is supported across all accounts, allowing precise position sizing.

IUX supports the widely-used MetaTrader 5 platform, which provides advanced charting, algorithmic trading via Expert Advisors, and multiple timeframes. The broker also offers a proprietary web-based platform called IUX Web Trader, which boasts page load times under 0.1 seconds and execution speeds of 30ms. Additionally, mobile apps for iOS and Android are available. The broker mentions server locations in London and Asia-Pacific to ensure low latency for global traders.

IUX does not charge internal fees for deposits or withdrawals, but third-party payment processors may apply their own charges. The broker does not specify which payment methods are accepted on the pages reviewed, but typical options for offshore brokers include bank transfers, credit/debit cards, and e-wallets. Withdrawal requests are subject to verification procedures, and the broker aims to process them within a reasonable timeframe. No minimum withdrawal amount is mentioned.

IUX is a leveraged CFD broker, meaning traders face the potential for rapid losses exceeding their initial deposit. The broker prominently displays a risk warning stating that 76% of retail investor accounts lose money when trading CFDs. The maximum leverage of 1:3000 amplifies both gains and losses, making it unsuitable for inexperienced traders. Furthermore, regulatory oversight from Mauritius and South Africa may not offer the same level of investor protection as European or US regulators. Traders should exercise caution and only risk capital they can afford to lose.