IUX

IUX is an online forex and CFD broker headquartered in Mauritius. Founded in April 2022, the firm operates under the legal name IUX Markets (MU) Ltd and is registered at Ebene House, Hotel Avenue, 33 Cybercity, Ebene, 72201, Mauritius. The broker presents itself as a modern ECN provider, emphasizing access to deep liquidity and a wide range of tradable assets.

The company targets retail traders globally, with a particular focus on clients seeking high leverage and low trading costs. IUX markets itself as a broker that combines competitive pricing with the robust MetaTrader 5 platform, catering to both novice and experienced traders.

IUX claims dual regulation: it holds an Australian Securities and Investments Commission (ASIC) license (no. 529610) authorising forex execution under a standard STP model, and a Financial Sector Conduct Authority (FSCA) license (no. 53103) for forex trading in South Africa. Both licenses are listed as ‘Regulated’ in the respective public registers.

It is important to note, however, that the broker’s primary operations are based in Mauritius, an offshore jurisdiction with lighter financial oversight compared to major financial centres. Traders should verify the scope and effectiveness of these licenses, as ASIC and FSCA protections may not extend fully to entities operating outside their home territories.

IUX offers three distinct account tiers: Standard, Pro, and Raw. The Standard account requires a minimum deposit of $50 and provides spreads from 0.2 pips with no commission. The Pro account has a $200 minimum, spreads from 0.1 pips, and also charges no commission. The Raw account, also $200 minimum, offers raw spreads from 0.0 pips but includes a $7 commission per lot traded.

All accounts support a maximum leverage of 1:3000, which is extremely high compared to industry norms and reflects the high-risk nature of the broker’s offering. Such leverage can magnify both profits and losses, making the accounts suitable primarily for aggressive traders willing to accept substantial exposure.

The broker exclusively supports the MetaTrader 5 (MT5) platform, available on desktop, web, and mobile. MT5 provides advanced charting, algorithmic trading via Expert Advisors, and a built-in economic calendar, making it a popular choice among forex traders.

While the broker’s marketing materials mention forex, commodities, indices, shares, and cryptocurrencies, the exact number of instruments and specific asset lists are not publicly disclosed in a detailed manner. Traders are advised to check the trading platform directly for the full range of available symbols.

IUX emphasizes fast deposit and withdrawal processing, and indeed many user reviews confirm swift transactions. However, the broker does not publicly list the specific payment methods it supports or the associated fees and processing times. This lack of transparency can be a drawback for those who need to plan their funding.

User feedback indicates that some payment channels—especially local methods in certain regions—may be available, but failures and delays in crediting deposits or releasing withdrawals have been reported. Prospective clients should test small amounts first and be aware that crypto funding, while available, may come with restrictions on crypto withdrawals.

IUX has garnered a Trustpilot rating of 4.1 out of 5 from over 900 reviews, suggesting a generally positive public perception. Many users praise the broker’s fast execution, low spreads, and responsive support.

On the other hand, a notable number of complaints—62 recorded in industry databases—focus on withdrawal issues, deposit mismatches, and poor support during disputes. This mixed record means that while the broker works well for many, a segment of clients encounter serious operational hurdles that can lead to frustration and financial uncertainty.

IUX is best suited for traders who prioritize ultra‑low spreads and high leverage and who have the risk tolerance to handle the possible withdrawal delays and limited regulatory safeguards. Experienced scalpers and algorithmic traders may find the ECN environment and MT5 platform attractive.

Conversely, conservative traders, those who cannot afford to have funds tied up in unresolved withdrawals, or those who require strong investor protection from top‑tier regulators should exercise caution. The broker’s short track record and offshore domicile add layers of risk that must be weighed carefully.