Smart and Secure Trading with IUX
IUX, regulated by FSCA, offers a broad range of trading instruments including currencies, commodities, cryptocurrencies, indices, and stocks. It stands out with cutting-edge trading technology, exceptional customer support, and a transparent, secure platform.
Expert Reviewer Verdict
IUX is a compelling choice for traders seeking low spreads, fast execution, and zero fees. With a minimum deposit of just $10, it is accessible for beginners, while features like the Pro account cater to professionals. The platform supports a wide range of instruments, from currencies and commodities to cryptocurrencies and stocks, appealing to diverse trading interests. IUX ensures client fund security through robust fraud detection and KYC measures, enhancing trust. Overall, IUX’s combination of advanced trading tools, exceptional customer support, and a secure trading environment makes it a strong contender in the online brokerage landscape.
Pros and Cons
Pros
- Cutting-edge Trading Technology
- Exceptional Customer Support
- Comprehensive Financial Services
- Transparent and Secure Platform
- Innovative Trading Tools
Cons
- Requires Proof of Identity
- Specific Verification Documents Needed
- Minimum Deposit Required
Trust and Safety
Robust Security Measures
IUX takes comprehensive measures to ensure the trust and safety of its users. As a broker regulated by the FSCA, it adheres to stringent regulatory standards, providing a secure and reliable trading environment. To prevent fraud, IUX implements rigorous AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. This includes verifying the identity of all clients through documents like passports or driver’s licenses and proof of residency. The company also monitors client activity and maintains detailed records to detect and report any suspicious transactions.
For client fund security, IUX utilizes advanced fraud detection tools. These measures ensure that all transactions are legitimate and secure. Additionally, funds are managed through intermediate financial institutions, adding an extra layer of security to financial transactions. By prioritizing these robust security protocols, IUX fosters a transparent and secure platform for its traders, reinforcing its commitment to protecting client interests and maintaining a trustworthy trading environment.
|
Regulatory Body |
Status |
|
ASIC |
Yes |
|
CySEC |
No (obtaining) |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No (obtaining) |
|
FSCA |
Yes |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
No |
Tradable Instruments
Wide Array of Trading Options
IUX offers an extensive selection of tradable instruments, catering to a wide array of trading preferences. For currency traders, IUX provides numerous currency pairs, including popular ones like EURUSD, GBPUSD, and USDJPY, as well as less common pairs like NZDSGD and CHFJPY. Commodity traders can access metals such as gold (XAUUSD), silver (XAGUSD), and crude oil (UKOIL and USOIL).
Cryptocurrency enthusiasts will find a variety of options, including major coins like Bitcoin (BTCUSD), Ethereum (ETHUSD), and Litecoin (LTCUSD), alongside other digital assets such as ADAUSD and SOLUSD. IUX also covers major global indices, including the S&P 500, US30, DE30, and HK50, providing opportunities to trade on the performance of different stock markets worldwide.
Additionally, IUX offers a broad range of stocks from leading global companies, including tech giants like Apple (AAPL), Amazon (AMZN), and Google (GOOGL), as well as other major corporations like JPMorgan (JPM) and Procter & Gamble (PG). This diverse range of instruments allows traders to diversify their portfolios and take advantage of various market opportunities, all within a single, secure platform.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Comprehensive Account Choices
IUX provides a variety of account types designed to meet the needs of different traders. The Standard account is the most popular, suitable for traders of all levels, offering a balanced mix of features. For those looking for additional benefits, the Standard+ account offers a deposit bonus of up to 35% without trading commission, making it an attractive choice for those seeking extra value.
The Raw account is tailored for traders who prefer tight spreads, starting at 0.0 pips, with a minimal fixed commission of $3 per lot per side. This account is ideal for those who prioritize cost-effective trading. For professional traders, the Pro account provides a commission-free environment, allowing for seamless, high-volume trading.
All accounts feature a low minimum deposit of $10, ensuring accessibility for beginners. IUX also offers specialized account types, including demo accounts for practice and Islamic accounts that comply with Sharia law, catering to a diverse global clientele. This comprehensive range of account options, combined with competitive trading conditions, positions IUX as a versatile and appealing broker for both novice and experienced traders.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Clear and Transparent Fee Structure
IUX is dedicated to providing traders with a clear and transparent fee structure, ensuring no hidden costs disrupt the trading experience. Here’s a detailed breakdown of the various commissions and fees associated with IUX accounts.
Account Minimum
IUX requires a minimum deposit of just $10, making it highly accessible for new traders.
Trading Fees
Most IUX accounts do not incur trading fees, allowing traders to execute their strategies without worrying about additional costs. However, the Raw account charges a minimal fixed commission of $3 per lot per side.
CFD Fees
IUX does not charge any fees for trading CFDs, providing cost-effective opportunities for traders interested in this instrument.
Forex Fees
Forex trading on IUX is fee-free, enhancing the appeal for currency traders seeking to maximize their profit margins.
Futures Fees
IUX does not impose any fees on futures trading, making it an attractive option for traders focused on this market.
Account Fee
IUX does not charge any account maintenance fees, ensuring that traders can maintain their accounts without incurring extra costs.
Inactivity Fee
There are no inactivity fees charged by IUX, which is beneficial for traders who may not trade frequently.
Deposit Fee
Deposits are fee-free on IUX, allowing traders to add funds to their accounts without additional charges.
Withdrawal Fee
Withdrawals from IUX accounts do not incur any fees, promoting hassle-free access to funds.
Overnight Funding Fee
IUX does charge overnight funding fees on some instruments for non-Islamic accounts, applied to positions held overnight.
Currency Conversion Fee
There are no currency conversion fees with IUX, which is advantageous for traders dealing with multiple currencies.
Guaranteed Stop Order Fee
IUX does not charge for guaranteed stop orders, enhancing the flexibility of risk management strategies.
Trading Platforms
Versatile Trading Solutions
IUX offers a range of trading platforms to suit different trader preferences and needs. The primary platform provided is MT5, known for its advanced features and user-friendly interface.
Mobile Trading Apps
IUX supports mobile trading on both Android and iOS devices. The mobile apps are designed for seamless trading on the go, providing full functionality and real-time market access.
Web Trading Apps
For those who prefer browser-based trading, IUX offers a robust web trading platform. This platform requires no downloads and provides a comprehensive trading experience directly from any web browser.
Desktop Trading Apps
IUX’s desktop trading platform is powered by MT5, offering a powerful and customizable trading environment. It is ideal for traders who need advanced tools and features for their trading strategies.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Innovative Trading Features
IUX stands out with several unique features designed to enhance the trading experience. One of its key strengths is cutting-edge trading technology, providing fast and reliable trade execution. Additionally, IUX offers a transparent and secure platform, ensuring the safety of client funds through advanced fraud detection and KYC measures.
It has a new feature on ‘Spread Stability’, which ensures that the spread remains as stable as possible, even during significant market events like economic news releases. By mitigating the risk of unpredictable spread fluctuations.
The broker also excels in customer support, available 24/7 through live chat, email, and bot services, ensuring that traders can always get assistance when needed. Another notable feature is the variety of account types, including demo and Islamic accounts, catering to a diverse range of traders. Lastly, IUX provides innovative trading tools and a comprehensive financial services package, making it a versatile and appealing choice for traders at all levels.
Research and Education
Comprehensive Learning Resources
IUX provides traders with a range of research and educational tools to enhance their trading skills and knowledge. The broker offers access to informative content through its YouTube channel, LinkedIn, Facebook, and Instagram, ensuring that traders can stay updated with the latest market trends and strategies, along with webinar, articles, academy and Glossary.
While IUX’s educational resources are somewhat limited compared to some competitors, the available materials are designed to support traders in making informed decisions. The social media channels serve as platforms for regular updates, market analysis, and educational content, making it easier for traders to stay engaged and informed. Despite the limited formal education resources, the focus on practical, real-time information helps traders develop a better understanding of the markets and improve their trading performance.
Customer Support
Outstanding Client Assistance
IUX offers exceptional customer support to ensure a smooth and satisfying trading experience for its clients. Available 24/7, their support team can be reached via live chat, email, and a responsive bot service. This round-the-clock availability ensures that traders can get assistance whenever needed, regardless of time zones. The broker’s commitment to providing comprehensive support helps address any issues or questions promptly, enhancing overall user satisfaction.
The efficient and knowledgeable customer service team at IUX is dedicated to helping traders navigate the platform, resolve technical issues, and provide guidance on trading activities, making it a reliable choice for both new and experienced traders.
Account Opening
Simple and Secure Registration
Opening an account with IUX is a straightforward process designed to get traders started quickly and securely.
Registration: To open a new account, visit the IUX website and select “Open New Account.” Choose your country, enter your email, set a password, and submit the form. Your account will be registered successfully, redirecting you to the main website.
Verification: After registration, complete the Proof of Identity (POI) and Proof of Bank (POB) requirements. This ensures compliance with AML and KYC regulations.
Document Upload: Upload necessary documents like a passport or driver’s license for POI and a bank statement or utility bill for POB. This step finalizes the account verification process.
IUX’s simple and secure account opening process ensures that traders can start trading with confidence and peace of mind.
Deposit and Withdrawals
Seamless Transactions for Traders
IUX ensures a smooth and efficient process for both deposits and withdrawals, enhancing the overall trading experience.
Deposits: Once your trading account is open, you can deposit funds via the transaction page on the IUX website. Select ‘Deposit,’ choose your preferred payment method, and enter the deposit amount. Most deposits are processed immediately, but some methods may take 24 hours to 3-5 days.
Withdrawals: To withdraw funds, go to the transaction menu, select ‘Withdraw,’ and choose the appropriate account and withdrawal method. Enter the withdrawal amount, which will be converted to your local currency based on current exchange rates. Withdrawals are usually processed within 1-15 minutes, although some methods may take 24 hours to 3-5 days.
IUX’s streamlined deposit and withdrawal processes ensure traders can manage their funds with ease and confidence.
Final Thoughts
IUX presents a compelling option for traders of all levels with its low spreads, fast execution, and zero-fee structure. The platform’s robust security measures, including advanced fraud detection and KYC protocols, ensure a safe trading environment. It offers a comprehensive range of tradable instruments and flexible account options. IUX’s exceptional customer support, available 24/7, and straightforward account opening, deposit, and withdrawal processes enhance its appeal.
Overall, IUX stands out as a versatile and reliable broker, catering to both novice and professional traders with its innovative trading tools and transparent, secure platform.
Contact Info
16 Foti Kolakidi, 1st Floor, Office A, Agia Zoni, 3031, Limassol, Cyprus
FAQs
-
Question: How do I open an account with IUX?
Answer: To open an account, visit the IUX website, select “Open New Account,” choose your country, enter your email, set a password, and submit the form. Complete the verification process by providing Proof of Identity and Proof of Bank documents. -
Question: What are the deposit and withdrawal methods?
Answer: IUX offers a variety of deposit and withdrawal methods. Deposits can be made through the transaction page on the website, with most processed immediately. Withdrawals are processed within 1-15 minutes, but some methods may take 24 hours to 3-5 days. -
Question: Are there any trading fees?
Answer: IUX does not charge trading fees on most accounts. However, the Raw account has a fixed commission of $3 per lot per side. There are no fees for CFDs, forex, futures, deposits, or withdrawals. -
Question: What instruments can I trade on IUX?
Answer: IUX offers a wide range of tradable instruments, including currencies, commodities, cryptocurrencies, indices, and stocks, catering to diverse trading preferences.
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