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IUX Review: Is IUX Broker Good?

IUX, formerly IUX Markets, is a Forex and CFD broker founded in 2016 and headquartered in Cyprus. Since its inception, the broker has grown steadily, gaining a global client base and expanding its offering to include a wide range of financial instruments, such as CFDs on stocks, indices, and metals. IUX has received positive reviews and is ranked in the top 10 Forex brokers by ForexBrokers.com. It also supports the popular and user-friendly MT5 trading platform, supporting deposits and withdrawals via various channels, including credit/debit cards, Skrill, Neteller, and Bitcoin, catering to both new and experienced traders, earning IUX a high 4.85 rating on TrustFinance.

Licenses and regulations

If you ask whether IUX or IUX Markets brokers are good, we must start the review from the licensing and regulation part. IUX Markets Limited is incorporated in conjunction with the Financial Services Authority in St. Vincent and the Grenadines under registration number 26183 BC 2021 at Beachmont Business Centre, 321, Kingstown, St. Vincent and the Grenadines, registered address 16 Foti Kolakidi, 1st Floor, Office A, Agia Zoni, 3031, Limassol, Cyprus. In addition, IUX Markets ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP number 53103, registered at 1st Floor Cnr Kildare Road and MA, Newlands, Cape Town, Western Cape, 7550.

Although the financial regulations of different countries regarding establishment and registration are not very strict, they provide customers with a certain level of safety and protection. However, it is advisable to consider carefully before starting to invest.

Services and products offered by IUX

IUX offers a wide range of trading products, offering over 60 major, minor and exotic currency pairs, giving clients access to the currency pairs they need, making Forex trading easy. IUX also offers other financial services, such as:

• Stocks: Stocks from leading stock exchanges around the world.

• Index: Major stock market indexes such as S&P 500, NASDAQ 100, FTSE 100.

• Metals: Gold, Silver, Copper and Platinum

• Energy: Crude oil and natural gas

The aim is to provide investors with the opportunity to diversify their investments, and there are also various account types designed to support different trading needs.

What account types does IUX have?

IUX offers a wide range of Forex trading accounts to meet different trading needs, as follows:

Standard Account: Ideal for beginners

• Minimum deposit $10

• Minimum withdrawal $3 USD  

• Maximum leverage 1:3000

• Spread from 0.2 pips

• Commission $0 per lot per side

Standard+ Account: Up to 35% deposit bonus with no trading fees.

• Minimum deposit $10

• Minimum withdrawal $3 USD  

• Maximum leverage 1:1000

• Spread from 0.5 pips

• Commission $0 per lot per side

• Deposit Bonus 35% and 25%

Pro Account: Account for professional traders with free commission.

• Minimum deposit $500

• Minimum withdrawal $3 USD  

• Maximum leverage 1:3000

• Spread from 0.1 pips

• Commission $0 per lot per side

Raw Account: Designed for those seeking tight spreads and direct market access.

• Minimum deposit $500

• Minimum withdrawal $3 USD  

• Maximum leverage 1:3000

• Spread from 0 pips

• Commission $3 per lot per side

Trading platforms and tools

Another feature that can be used to determine whether IUX broker is good or not is the presence of a variety of trading platforms to facilitate efficient trading. IUX supports the following trading platforms:

• MetaTrader 5: The latest version of MetaTrader with additional functionality such as new technical indicators, strategy builder and advanced risk management system.

• MetaTrader5 WebTerminal: Allows traders to trade CFDs on the MetaTrader 5 web platform directly from their browser without any download or installation.

• IUX WebTrader: An easy-to-use web-based trading platform that can be accessed anywhere, anytime, without downloading software.

• IUX App Trade: Mobile trading application supports both iOS and Android, allowing you to trade anywhere, anytime.

Pros and cons of IUX

Customer Service and Support

If you have any questions or need assistance, you can contact us through the following channels:

• Email: [email protected]

• Live chat is available 24/7 via official website, IUX Application and all social media platforms.

Other contact channels

In addition to the above contact channels, IUX also has accounts on various social media platforms such as Facebook, Instagram, Youtube, Twitter, and LinkedIn. You can follow IUX on these platforms to keep users updated with the latest news, marketing insights, and promotional offers.

Providing IUX Risk Warnings

Trading Forex and other financial instruments involves a certain level of risk, and IUX  has prepared a warning to:

Traders are advised to carefully consider their financial situation and risk tolerance before deciding to trade.

Risk Warning: Please note that CFD trading and trading in other credit products carry a high level of risk and are not suitable for all investors. Trading financial instruments may also result in losses. Profits and losses exceed the initial investment. Before engaging in any transaction, please fully understand the risks and seek independent advice if necessary. Under no circumstances will IUX be liable to any person or entity for any loss or damage in whole or in part caused by, resulting from or in connection with any investment activities. This information is not intended for residents of the following countries/jurisdictions: Australia, Belgium, France, Iran, North Korea, Japan and the United States, as we do not offer our services to residents of those territories. However, there may be additional countries or jurisdictions where our services are not available.

Competitive Analysis: IUX vs. Other Brokers

Is IUX a good broker? The answer is that there are quite a few positive reviews about IUX, with a high score of 4.85 out of 5 from 2,214 reviews, which is quite a confirmation of the quality of service. However, when choosing a Forex broker, it is important to consider the needs and trading that are suitable for each individual, including a thorough comparison with other brokers, considering factors such as trading conditions, regulation, customer support, and available features, which will help traders make a more informed decision.

Overview Summary

IUX is a reputable Forex broker with numerous user reviews. With its user-friendly platform, low spreads, and compliance, IUX offers traders a reliable and convenient trading experience. However, it is important for investors to do their research, assess their needs, and consider the risks involved before making any investment decisions.

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IUX ReviewCompare spreads, fees, trading platforms, deposit and withdrawal conditions, and more, with real user reviews to help you decide on the broker that suits your needs.