About IUX
Company Overview
IUX Markets (MU) Ltd is a forex and CFD broker established in April 2022 and headquartered in Ebene, Mauritius. It operates as an ECN broker, offering access to a range of asset classes including forex, commodities, indices, shares, and cryptocurrencies. The company is relatively new but has quickly attracted a notable user base.
The broker markets itself primarily to retail traders seeking high leverage and low spreads. It supports the MetaTrader 5 platform, and provides three distinct account tiers to accommodate different trading styles and capital levels.
Regulation and Licensing
IUX holds two regulatory licenses: one from the Australian Securities and Investments Commission (ASIC) under license number 529610, classified as a Forex Execution License (STP), and another from the South African Financial Sector Conduct Authority (FSCA) under license number 53103, classified as a Forex Trading License (EP). Both are listed as regulated assets.
It is important to note that while ASIC and FSCA are respected regulators, the broker's physical presence and oversight in Mauritius may offer a different level of investor protection compared to regulators in major financial hubs. Traders are advised to verify the scope of coverage.
Account Types and Features
IUX provides three live trading accounts: Raw, Pro, and Standard. The Standard account has a minimum deposit of $50 (though the company says $10 elsewhere), while the Raw and Pro accounts require $200. All three accounts allow a maximum leverage of 1:3000.
The Raw account offers spreads from 0.0 pips with a $7 commission per lot. The Pro account has spreads from 0.1 pips with no commission. The Standard account has spreads from 0.2 pips and no commission. This structure caters to both scalpers and longer-term traders.
Platform and Tradable Instruments
IUX exclusively uses the MetaTrader 5 (MT5) platform, which is known for its advanced charting, automated trading capabilities, and fast execution. The broker provides access to forex pairs, commodities (including gold), indices, shares, and cryptocurrencies.
The specific number of instruments is not disclosed, but the broker emphasizes gold trading (XAUUSD) as a strength, with several user reviews confirming low spreads and fast execution on that pair.
Deposits and Withdrawals
IUX accepts deposits via various methods, though the exact list is not provided. User reviews indicate that UPI (India), crypto, and bank transfers are common. Deposits are often processed instantly, as per many positive reviews.
Withdrawal methods are similarly not listed, but reviews show that crypto withdrawals may be restricted for some users, while bank withdrawals are reported to take up to several days. The broker does not disclose any fees for deposits or withdrawals.
Target Audience
IUX is best suited for traders who value high leverage, low spreads, and fast execution, particularly those focusing on gold. It appeals to both beginners with the low-entry Standard account and experienced traders who prefer the raw pricing model.
However, given the mixed feedback on withdrawals and support, it may not be ideal for traders who prioritize seamless fund access or require consistent customer service. The broker's scam risk score of 29/100 (Guarded) suggests caution is warranted.
Overview compiled by FXCanary from regulatory records and public data. full IUX review