IUX Markets: An Interesting Low Spread Forex Broker

Trading is gaining traction, and the forex market is more competitive than ever. While many traders may already have chosen their broker, there’s a new wave of brokers worth considering. This forex trading broker review is focused on the IUX Markets review, providing a definition and features of IUX Markets brokers.

Moreover, understanding all sections of our review, such as account types, products, platform used, promotion, and benefits, helps IUX Markets traders trade with IUX Markets brokers more effectively.

IUX Markets: Overview

Established: 2016
Headquarter: Saint Vincent and the Grenadines
Trading platforms: MetaTrader 5
Mobile Trading: Yes
Minimum Deposit: $10
Account Types: Standard, Standard+, Raw, Pro

IUX Markets broker is a fast-growing broker located in the UK and Cyprus. Since they operate in Cyprus, they can gain a reputation as there is a strong financial industry in this area. 

IUX Markets started in 2016 and gives new customers great bonuses. You can get a $30 welcome bonus and an extra 35% on your first deposit. For starting investment, you only need $10 to get started.

Generally, this broker uses cloud servers in Singapore to ensure fast and reliable order fulfilment. Unlike other brokers who depend on servers in the U.S. or Europe, IUX Markets can handle orders quickly, even during market spikes caused by news or big events. If something goes wrong, the company promises to make it right with a 100% guarantee.

Regulation and Registration

IUX Markets Limited is a licensed broker specializing in international CFDs trading. The company is officially authorized by the MWALI International Services Authority in Comoros, with license number T2023172. You can verify this on the MWALI Registrar Website. Their official address is P.B. 1257 Bonovo Road, Fomboni, Comoros, KM. 

Additionally, IUX Markets Limited is registered with the National Futures Association (NFA), a regulator overseeing derivatives and futures trading, under NFA ID: 0549829.

Account Types of IUX Markets

IUX Markets provides four different account options for traders, including standard, standard+, raw, and pro accounts.

Standard Account

The standard account at IUX Markets comes with extremely low spreads, making it an attractive option for traders. For example, the average spread for the EUR/USD pair is just 0.2 pips, with no extra swap or trading fees. This account offers quick trade execution in a highly liquid market. It’s an ideal fit for all traders, whether you’re into short-term or long-term trading, and is also well-suited for experienced advisors.

Standard+ Account

The standard+ account is another solid choice. It offers spreads from 0.5 PIPs and zero commission fees. You can start with just $10 and leverage up to 1:1000. This account is perfect if you want a mix of low cost and good performance.

Raw Account

If you’re looking for more control, the raw account is right for you. It offers the lowest spreads, starting at 0.0 PIPs. However, there’s a $3.5 commission fee per trade. You’ll need $500 to start, and you can leverage up to 1:3000. It’s ideal for experienced traders.

Pro Account

The pro account offers spreads from just 0.1 PIPs and no commission fees. You’ll need $500 to get started and can leverage up to 1:3000. This account is designed for serious traders who want the best conditions.

Deposit and Withdrawal

IUX Markets has enhanced its financial transaction options, now offering 19 different ways to deposit and withdraw funds, including VISA, Skrill, Netteller, Online Banking, etc. Once you’ve confirmed your bank details, a window will appear where you can specify the dollar amount you wish to withdraw. 

However, IUX Markets broker provides a very quick deposit and withdrawal, compared to other brokers. The amount you withdraw could show on the trading account within a minute, which means that they promise to offer the best convenience to the customers.

Products in IUX Markets

Since IUX Markets provides various trading options in the foreign exchange market, you can trade the following instruments:

• Forex trading
• Futures trading
• Cryptocurrencies 
• CFDs
• Spot indices trading
• Share & Stock trading
• Precious metals trading
• Trade CFDs on Energies

Besides forex, IUX Markets also has several other trading options available.

Trading Platform of IUX Markets

MetaTrader 5 is a key platform you can use for trading with IUX Markets. It’s the most popular choice among their platforms and promises both efficiency and affordability. Moreover, IUX Markets also offers another useful platform for its clients called WebTrader5.

The Benefits of MetaTrader 5

It’s well-known that MetaTrader 5 (MT5) is becoming a big deal in the trading world. Many see MT5 as the most useful platform for individual traders.

Here are some key features that make MetaTrader 5 stand out from others:

• Live pricing and detailed history
• Customizable charts and sound alerts
• Free news and trader chat
• Compatible with many brokers
• Multiple order types and indicators
• Flexible time frames and account management
• Advanced features like hedging and no FIFO rule
• Integrated financial tools and special edition options

MT5 allows traders to go beyond basic tools by using MQL5, an easy programming language. New traders can also create automated trading programs, known as Expert Advisors or EA. These programs can carry out a variety of trading strategies on their own.

Fees of IUX Markets

IUX Markets has a fee structure that varies based on the type of account you choose. For example, the standard, standard+, and pro accounts don’t have any commission fees for trading. On the other hand, the raw account does charge a commission of $3.5 for each lot traded. However, the raw account offers a competitive spread starting at 0.0 Pips.

IUX Markets Promotions

While  IUX Marketsis is popular among low-spread brokers, it provides a promotion bonus for traders. It is helpful when traders deposit for a minimum amount, and they will get an extra bonus.

$30 Deposit Bonus for the First Deposit

New traders at IUX Markets can get a $30 bonus when they make their first deposit. This offer applies to both standard and raw accounts. IUX Markets will match your deposit up to $30. However, you can start trading with just a $10 deposit. If you deposit $10, you’ll actually have $40 to trade with.

35% Deposit Bonus

If you deposit money into your IUX broker account, you can get up to a 35% bonus. For example, if you put in $100, you’ll get an extra $30 right away. However, this deal is only for those with a Standard+ account.

Lot Back Program

You can put your credit or balance back into trading through the lot back service. This service offers low spreads and allows for frequent trading. On average, you can earn $9 back for each lot you trade at level 3. (1 Point equals either $1 in credit or 50 cents in cash, and this is only for standard accounts.)

How to Trade on IUX Markets

Here are 7 simple steps to trade on IUX Markets:

1. Log in or create a new account with the IUX Market website.

2. Fill out the required information form.

3. You’ll be directed to a page through our email verification process.

4. Make sure to confirm your email before you can use your account.

5. Go back to the homepage and sign in. After that, you can choose the type of account you’d like to set up.

6. Enter your investment specifics. This is where you can set your trading leverage and passwords.

7. You’re all set to start trading.

Customer Support

• Email: Reach out to [email protected] (only available in English)
• Facebook: Visit at https://www.facebook.com/IUXMarkets on Facebook.
• Live Chat: Available 24/7 in multiple languages, including English, Indian, Bahasa, Indonesian, Vietnamese, Tagalog, Burmese, and Malay.
• Instagram: Follow at https://www.instagram.com/iuxmarkets/ on Instagram
• YouTube: Subscribe to IUX Markets Global on YouTube

Pros & Cons

Pros Explained

• The trading platform offers low spreads, which means the cost difference between the buying and selling price is minimal. However, there are no swap fees, making it cost-effective for traders.
• You can make deposits and withdrawals quickly without worrying about extra charges. This is a big advantage for those who need to move money in and out frequently.
• New traders are greeted with a welcome bonus, providing an immediate boost to their trading capital. This is a great way to start your trading journey with extra funds.
• The platform offers 24/7 live chat support, ensuring that help is always available.
• Depending on the account type, you can leverage your trades up to 1:1000 or even 1:3000. This allows for greater trading potential but also comes with higher risks.
• The service exclusively uses the MetaTrader5 (MT5) platform, a popular and versatile trading software that provides various tools and features to enhance your trading experience.

Cons Explained

• IUX Markets doesn’t invest much in advertising. This could mean lower operational costs, which might be passed on to the traders in the form of better trading conditions.
• The company doesn’t focus on Introducing Brokers (IB), which are usually third parties that bring in new clients. This could indicate a direct-to-customer approach, potentially offering better terms to individual traders.
• The platform doesn’t support micro or cent accounts, which are often used by beginners or those with limited capital. This suggests that the platform is popular among experienced or well-funded traders.

Is IUX Markets Worth Considering?

IUX Markets review is a useful guide for anyone looking for a reliable trading broker. IUX Markets Brokers is a popular forex trading broker known for its low spreads. The platform, accessible via computer or mobile, runs on the popular MetaTrader5 software. Additionally, traders who trade with IUX Markets for the first time will get a welcome bonus, making it an attractive option.

However, remember that trading always comes with risks, so make sure to weigh the features of IUX Markets carefully before diving in.

FAQs

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