Choosing the right forex broker can make or break your trading journey—don’t let a shaky platform turn your profits into a rollercoaster of regret! In this in-depth IUX review, we’ll dive into its key features, regulations, trading conditions, and whether it’s a trustworthy platform in 2025. IUX, founded in 2016, is a Cyprus-based CFD broker that’s gained traction for its ultra-low spreads, fast execution, and accessibility, serving traders in over 170 countries. But with mixed regulatory oversight and limited educational resources, is it the right fit for you? I’ll break it all down with a neutral, transparent lens to help you decide if IUX is your trading MVP—or a benchwarmer to skip.
Broker Overview
| Category | Details |
|---|---|
| Founded Year | 2016 |
| Regulation | FSCA (South Africa), ASIC (Australia), FSA (St. Vincent & Grenadines), FSC (Mauritius) |
| Minimum Deposit | $10 (Standard, Standard+), $500 (Raw, Pro) |
| Spreads | From 0.0 pips (Raw), 0.2 pips (Standard) |
| Leverage | Up to 1:3000 (varies by account and region) |
| Platforms | MetaTrader 5 (MT5), IUX Web Trader, IUX App Trade |
| Payment Methods | Bank Wire, Visa, Mastercard, Skrill, Neteller, Bitcoin, Ethereum |
| Account Types | Standard, Standard+, Raw, Pro, Islamic (Swap-Free), Demo |
Regulation & Safety
IUX is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa (license 53103), the Australian Securities and Investments Commission (ASIC) (license 529610), the Financial Services Authority (FSA) in St. Vincent and the Grenadines, and the Financial Services Commission (FSC) in Mauritius. While FSCA and ASIC are reputable, the FSA is a lower-tier regulator, offering less investor protection, which may concern some traders. IUX ensures client funds are segregated and provides negative balance protection, safeguarding you from losing more than your deposit. However, user reviews on platforms like BrokersView are mixed—some praise its reliability, while others question its transparency due to the lack of a Tier-1 European license (e.g., FCA, CySEC). Overall, IUX is moderately safe but lacks the top-tier oversight some traders might prefer.
Trading Products
IUX offers over 130 financial instruments:
- Forex: 63+ currency pairs (majors, minors, no exotics).
- CFDs: Stocks (120+ global companies like Amazon), indices (23, e.g., S&P 500), commodities (10, e.g., gold, oil), metals, energies.
- Cryptocurrencies: 16+ crypto CFDs (e.g., Bitcoin, Ethereum), available 24/7.
Highlights: The forex and crypto offerings are decent for short-term traders, and swap-free trading by default suits Islamic traders. However, its asset range (130+) is limited compared to brokers like XM (1,000+ instruments), with no ETFs, futures, or exotic forex pairs, which may disappoint diversified traders.
Trading Fees & Spreads
IUX’s fees are competitive:
- Spreads on Major Pairs: Standard accounts start at 0.2 pips (EUR/USD), Standard+ at 0.5 pips, and Raw at 0.0 pips—below the industry average of 1.08 pips for Standard accounts (e.g., Forex.com at 1.4 pips).
- Commissions: Standard and Pro accounts are commission-free; Raw accounts charge $3 per lot per side, which is competitive (e.g., Fusion Markets charges $2.25/side).
- Hidden Fees: No deposit, withdrawal, or inactivity fees, a big plus. However, third-party payment providers may apply charges, and overnight swap fees apply for non-Islamic accounts.
IUX’s low spreads and zero non-trading fees make it cost-effective, but users report occasional spread widening during volatile markets, so caution is advised.
Account Types
IUX offers four main account types:
- Standard Account: $10 minimum deposit, spreads from 0.2 pips, commission-free—great for beginners.
- Standard+ Account: $10 minimum deposit, spreads from 0.5 pips, commission-free—slightly higher spreads but still beginner-friendly.
- Raw Account: $500 minimum deposit, spreads from 0.0 pips, $3 commission per lot—ideal for scalpers.
- Pro Account: $500 minimum deposit, spreads from 0.2 pips, commission-free—suits experienced traders.
- Islamic Account: Swap-free, available by default across all accounts.
A demo account is available for practice, though virtual fund amounts aren’t specified. IUX caters to beginners (Standard) and active traders (Raw), but the $500 minimum for Raw/Pro accounts may deter some.
Trading Platforms
IUX supports:
- MetaTrader 5 (MT5): Industry-standard with advanced charting, EAs, and fast execution (30ms).
- IUX Web Trader: Proprietary platform with TradingView charts, user-friendly but lacks mobile support in some regions.
- IUX App Trade: Mobile app for iOS/Android, intuitive with one-click trading, though limited to basic features (e.g., fewer indicators).
Pros: MT5 is reliable, and execution speeds (30ms) beat the industry benchmark (60ms).
Cons: No MT4, cTrader, or full TradingView support, and the mobile app lacks advanced tools for in-depth analysis.
Deposit & Withdrawal Methods
IUX supports various payment methods:
- Options: Bank wire, Visa, Mastercard, Skrill, Neteller, Bitcoin, Ethereum.
- Processing Time: Deposits are instant; withdrawals are processed within 24 hours (user reports confirm under 5 minutes for most cases), though bank wires may take 1–5 days.
- Fees: No deposit or withdrawal fees, though third-party charges may apply. Minimum withdrawal is $3.
The process is fast and cost-effective, but more crypto options (e.g., USDT) would enhance flexibility.
Customer Support
IUX provides 24/7 support via:
- Channels: Live chat, email, phone (Cyprus-based), bot services.
- Experience: Users on platforms like BrokersView praise the quick response times (under 24 hours for email) and multilingual support (11 languages). However, live chat isn’t available directly on the trading platform, which may inconvenience active traders.
Support is reliable and responsive, but integrating live chat into the platform would improve accessibility.
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by FSCA, ASIC | No Tier-1 European license (e.g., FCA) |
| Ultra-low spreads (from 0.0 pips) | Limited asset variety (130+ instruments) |
| Fast execution (30ms) | No MT4, cTrader, or TradingView support |
| No deposit/withdrawal fees | Limited educational content |
| 24/7 multilingual support | High leverage (1:3000) carries risks |
Who Should Use This Broker?
IUX is best for:
- Beginners: $10 minimum deposit, commission-free Standard accounts, and demo accounts make it accessible, though limited educational resources may hinder learning.
- Scalpers/Day Traders: Ultra-fast execution (30ms) and low spreads (Raw account) cater to high-frequency trading.
- Cost-Conscious Traders: Tight spreads and no non-trading fees appeal to budget-focused traders.
It’s less ideal for:
- Diversified Traders: Limited asset variety (130+ instruments) compared to brokers like IG (20,000+).
- Long-Term Investors: Lack of ETFs and futures makes it less suitable for long-term strategies.
Final Verdict
IUX shines in 2025 with ultra-low spreads (from 0.0 pips), fast execution (30ms), and a low $10 minimum deposit, making it a strong choice for beginners and scalpers. Its FSCA and ASIC regulations provide moderate safety, alongside client fund segregation and negative balance protection. However, the lack of a Tier-1 European license, limited asset variety (130+ instruments), and sparse educational content are drawbacks. User feedback on platforms like BrokersView highlights its reliability for low-cost trading but notes concerns over regulatory oversight. IUX is a solid pick for forex-focused, cost-conscious traders, but those needing diverse assets or deeper resources might prefer brokers like XM or AvaTrade.
Rating: 7.5
Ready to trade with IUX? Sign up now and start your forex journey!
