IUX Overview
IUX Overview
IUX
- Minimum Deposit$10
- SpreadLow
- Trading FeeFree
- Deposit FeeFree
- Withdrawal FeeFree
- Account OpeningWithin 24 hours
Pros and Cons
Pros and Cons
Pros
- Commission-free trading with very tight spreads and low costs
- Regulated by major authorities such as ASIC
- Loyalty rewards program
- Up to 1:3000 leverage available
Cons
- Lacks support for MetaTrader 4 and TradingView
- Restrictive range of tradable instruments
- Limited educational resources, research tools, and advanced features
Account Types
Account Types
IUX offers four types of trading accounts: Standard, Standard+, Raw, and Pro. The spreads are very tight, with the Standard account starting from 0.2 pips, while the Raw account spread starts from 0.0 pips. Below is a comparison between the different account types:
In addition, IUX also supports demo accounts for practice. All of IUX’s accounts are swap-free, making it suitable for those requiring Shariah-compliant options.
IUX Fees, Spreads, and Commissions
IUX Fees, Spreads, and Commissions
Trading Fees
IUX offers commission-free trading on all account types, except for the Raw account, which charges a fixed commission. Spreads remain very tight across all accounts. The broker is transparent with its fee structure, with no charges for account maintenance or inactivity.
Deposit, Withdrawal, and Other Account Fees
Deposits and withdrawals on IUX are free of charge. Accounts are denominated in USD, and no currency conversion fees apply when funding with a different base currency.
Trading Platforms Available on IUX
Trading Platforms Available on IUX
IUX offers its proprietary web (IUX WebTrader) and mobile platforms. While they are intuitive and well-designed, these platforms lack advanced features and integration with popular third-party platforms such as MetaTrader 4 or TradingView.
| Trading Platforms | Availability |
|---|---|
| MetaTrader 4 | |
| MetaTrader 5 | |
| cTrader | |
| TradingView | |
| NinjaTrader | |
| Proprietary Platform | |
| Mobile App |
Assets You Can Trade on IUX
Assets You Can Trade on IUX
IUX is a CFD broker with over 200 financial instruments. Traders can gain exposure to other underlying assets, such as stocks, cryptocurrencies, and bonds, through these CFDs. Its asset variety is in the lower range compared to competing CFD brokers such as Octa and Pepperstone. Here’s how it compares:
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*Comparison between CFD brokers only
Looking for something else? Compare tradable assets, features, and more at a glance with our powerful broker comparison tool.
COMPARE BROKERSDeposit and Withdrawal
Deposit and Withdrawal
Funding Methods
Funding Methods
IUX supports funding through:
- Debit / Credit Card
- PayPal
- Wise
Processing time is generally instant, with funds quickly reflected in your account. No internal transaction fees are applied.
Withdrawals are almost instant, typically taking 1–15 minutes upon confirmation. IUX does not charge any internal fees, though external bank processing fees or conversion charges may apply. The minimum deposit is $10.
Educational Resources & Research Tools on IUX
Educational Resources & Research Tools on IUX
Research Tools
Research tools at IUX are relatively limited, with only an economic calendar and market screener from TradingView embedded in the site.
IUX lacks a dedicated news feed or any research articles available directly on the platform.
Educational Resources
IUX's educational resources are limited. It provides education for novice traders through a series of videos and articles on its website and YouTube channel.
The content on the Academy page offers only surface-level knowledge and is insufficient for beginners to progress to the intermediate level.
IUX Customer Support
IUX Customer Support
Support Channels
Support is available 24/7 via:
- Live chat
- Phone
- Social media channels, such as Facebook, X, Instagram
However, some users have reported responses that lack depth and fail to address their concerns.
Language Support
Support is available in 10 languages, including:
- English
- Spanish
- Arabic
- Malay
- Indonesian
- Chinese
- Portuguese
- Thai
- Vietnamese
- Russian
Live chat response times are generally quick, but email replies are slow. User reviews mentioned templated responses and difficulty resolving issues.
Safety and Regulations
Safety and Regulations
IUX is regulated by multiple financial authorities, including:
- ASIC
- FSCA
- FSC
Among these, ASIC is widely recognized as a Tier 1 regulator, offering a strong level of investor protection and oversight. To enhance client safety, IUX implements negative balance protection, segregated client funds, as well as industry-standard encryption and data security protocols.
User Experience and Interface
User Experience and Interface
Desktop Navigation and Performance
IUX supports both MetaTrader 5 and a proprietary web platform. MetaTrader 5 on desktop is robust and feature-rich, offering:
- Advanced charting tools
- One-click trading
- Algorithmic trading
- Multi-language support
Execution speeds are consistently fast, with low latency and minimal slippage.
In contrast, the proprietary web platform offers a simplified interface suitable only for basic trading tasks. While easy to navigate, it lacks key features such as watchlists, price alerts, and integrated research, making it less ideal for experienced traders.
Mobile Navigation and Performance
The IUX Trade mobile app is visually clean and intuitive, designed with traders’ daily needs in mind. It supports:
- Biometric login
- Two-factor authentication
- Custom watchlists
- Visual P&L tracking
- TradingView-powered charts
However, it currently lacks advanced tools like price alerts, economic calendars, and news integration. The MT5 mobile app complements this by offering the full MT5 toolset, including indicators, charting, and trading automation, but its interface is not as polished.
Final Verdict
Final Verdict
IUX suits beginner and intermediate traders looking for a cost-effective and simple trading platform with access to higher leverage levels. However, beginners who prefer educational resources and research tools on one platform may feel limited. The limited platform support and narrow range of asset classes may not meet the expectations of veteran investors.
Is IUX the Right Broker for You?
If you value low fees and a simple onboarding process over platform complexity and market variety, IUX may be worth considering. Its low minimum deposit and intuitive design also make it accessible to newer traders. The various account types and access to high leverage cater to traders of varying experience levels and risk profiles.
Who Should Trade with IUX?
IUX is ideal for beginners seeking low-cost access, Muslim traders requiring swap-free accounts, and users who prefer a fast, streamlined setup. It is less suitable for traders who need advanced charting tools and functionality, or for those looking to trade a wide variety of instruments.