IUX International (SC) Ltd

IUX, operating under the legal name IUX International (SC) Ltd, is an online forex and CFD broker registered in Seychelles. The firm was established in 2016 according to its website, though independent verification of this date is limited. The broker’s primary domain is iux.com, and it presents itself as a multi-asset trading platform serving a global client base.

The broker’s registered entity is based in Seychelles, and its regulatory status is limited to a Securities Dealer licence from the Seychelles Financial Services Authority (FSA). This offshore registration may affect the level of investor protection available to clients, as Seychelles does not offer compensation schemes comparable to major financial hubs.

IUX International (SC) Ltd holds a securities dealer licence from the Seychelles Financial Services Authority (FSA). The FSA is the primary financial regulator in Seychelles, but it is not considered as stringent as regulators such as the FCA, CySEC, or ASIC. The licence status is 'Licensed', meaning the broker is authorized to conduct securities dealing activities within Seychelles.

It is important to note that the broker’s website also references regulations in Mauritius, South Africa, and Australia, but these are not confirmed by the known facts. Traders should exercise caution and verify regulatory claims directly with the respective authorities. The absence of strong-tier regulation means client funds may not be protected under compensation schemes.

IUX offers over 120 trading instruments across multiple asset classes. These include currency pairs (forex CFDs), commodities (such as gold, silver, and oil), cryptocurrency CFDs (including Bitcoin, Ethereum, and others), and stock indices. The exact list of instruments is not fully specified on the website, but the broker claims a diverse range suitable for various trading strategies.

The broker does not offer direct ownership of the underlying assets; all trading is conducted via CFDs. This entails a high risk of loss, and the broker itself warns that 76% of retail investor accounts lose money when trading CFDs with this provider.

The broker provides three main account types: Standard, Pro, and Raw. The minimum deposit is $50 for the Standard account, while the Pro and Raw accounts may require higher deposits (though exact figures are not clearly stated). The Raw account offers spreads from 0.0 pips with a commission per lot, while the Standard account has spreads from 0.2 pips and no commission. Leverage is available up to 1:3000, which is significantly higher than what is allowed in regulated markets like the EU or UK.

All accounts support micro lot trading (0.01 lots) and offer a 0% stop-out level, meaning positions may be closed only when equity reaches zero. Margin call is set at 30%. The broker also provides swap-free accounts for all tiers, catering to clients who require Islamic trading conditions.

IUX offers MetaTrader 5 (MT5) as its primary platform, along with a proprietary IUX trading platform. MT5 is widely recognized for its advanced charting tools, algorithmic trading capabilities, and multi-asset support. The broker claims that MT5 fees are approximately 10% lower than those on MT4, and that execution is fast with narrow spreads.

The proprietary platform is marketed as user-friendly but less widely tested by the trading community. Both platforms are available for desktop, web, and mobile devices. Server locations are listed as London and Asia-Pacific, which may impact latency depending on the trader’s location.

IUX appears to cater to a broad range of traders, from beginners to experienced professionals, by offering account types with varying spreads and commission structures. The high leverage options (up to 1:3000) may appeal to risk-tolerant traders looking to maximize position size, while swap-free accounts attract traders from regions where Islamic finance principles apply.

However, the broker’s offshore registration and limited regulatory oversight mean that it is not suitable for traders seeking strong investor protection or who require regulation from a top-tier authority. The broker’s services are not available in certain regions due to regulatory restrictions, as indicated by a geo-blocking notice on its homepage.