IUX Review 2026

Trust

Is IUX Regulated?

When reviewing a broker, we examine how each of its entities is regulated and assess how effectively they protect clients. We use a three-tier system to rank regulatory bodies, with Tier-1 being the most trusted and offering the highest level of protection.

This is what I discovered about the four entities operating under IUX:

• IUX Markets (MU) Ltd is licensed and regulated by the Financial Services Commission (FSC) of Mauritius under license number GB22200605. We rate the FSC as a Tier-3 regulator.
• IUX Markets Limited is incorporated in Saint Vincent and the Grenadines with the Financial Services Authority (FSA) and registration number 26183 BC 2021. The entity is not regulated.
• IUX Markets ZA (Pty) Ltd is licensed and regulated by the Financial Services Conduct Authority (FSCA) of South Africa under license number 53103. We rate the FSCA as a Tier-2 regulator.
• IUX Markets AU Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 529610. We rate ASIC as a Tier-1 regulator. Currently, the entity does not onboard new clients.

How Does IUX Protect You?

I went over IUX’s client agreement, margin policy, and risk disclosure policy to assess the broker’s client protections and best practices. You can access these and other important legal documents by clicking the ‘Company’ tab on the website, and then ‘Privacy Policy’.

Here is what I found out about IUX Markets (MU) Ltd:

✅ Segregated Accounts – The funds you invest with IUX are kept in separate bank accounts from the ones used for the broker’s corporate capital.

✅ Negative Balance Protection – Your losses cannot exceed your invested capital.

✅ Compensation Scheme – The broker is a member of The Financial Commission resolution scheme. In case of insolvency, your invested capital will be shielded from the broker’s credit liabilities. Moreover, you may be entitled to compensation of up to EUR 20,000.

Note: The protections you might be entitled to depend on the entity you choose to open an account with.

To learn more about the most important safety mechanisms and how they apply to you, check our dedicated guide on client protections.

Stability and Transparency

The very first thing I noticed when I went to the IUX website was the risk notice at the top of the page warning that “76% of retail investor accounts lose money when trading CFDs with this provider”. This is a green flag for IUX because the broker is upfront about the dangers of trading leveraged products.

Such risk warnings are common among brokers supervised by Tier-1 regulators but extremely rare among offshore-regulated brokers, which only puts IUX in an even more favorable light.

I also pored over the rest of IUX’s legal documents, including its client agreement and risk notice, by clicking the ‘Company’ tab and then ‘Privacy Policy’. I found them exhaustive and easy to digest. From the client agreement, I also confirmed the segregation of client funds and the handling of negative balances.

I then checked IUX’s company profile and background. I vetted all the information presented on the website and also checked its social media channels, including its LinkedIn profile. I found that the company is headquartered in Mauritius and was established in 2016.

I also learned that there are 92 professionals associated with the broker on LinkedIn, a sizable improvement from my previous review, when I noted only 50. This is indicative of a successful business model.

Another perk of IUX is that the broker displays its live spreads so that visitors to the website can quickly assess its fee competitiveness and transparency. You can check those too by hitting the ‘Trade’ tab, then going to ‘Live Quotes’. However, keep in mind that the spreads you will see there are raw and include a commission (something the broker does not explain).

By participating in The Financial Commission resolution scheme, IUX ensures that in cases of conflict of interest, the Commission would intervene and weigh in on the dispute. Moreover, its membership there ensures a EUR 20,000 coverage for its clients.

My one minor issue with IUX is its somewhat confusing swap-free trading policy. I read on the website that the broker offers swap-free trading on most assets without you having to register for an Islamic account. I also did not see any swap charges from the MetaTrader 5 platform, which seemed to confirm this.

However, while I was setting up one of my accounts with the broker, I noticed the above notice that “you need to trade mostly within the day” in order to “maintain an active Swap-Free status”. This is the boilerplate definition of day trading, and is the default setting for all forex brokers.

Upon further research, I discovered that IUX’s swap-free policy covers positions held for no more than 3 consecutive days.

Is IUX Safe?

Based on my research, I found IUX sufficiently safe to trade with due to the following factors:

• Keeps client funds segregated.
• Ensures negative balance protection.
• Ensures client coverage by up to EUR 20,000.
• Very transparent about its fees and trading risk.

Fees

IUX Trading Fees

IUX Spreads

I tested IUX’s spreads on Standard and Raw accounts on 29 April during the London and New York market openings. I used live accounts on the MetaTrader 5 platform. Here are my results:

Standard Account: The spreads I recorded with IUX beat the industry average for all instruments I tested. I was especially impressed by the $0.019 crude oil spread, which was 2x lower than the benchmark. Not only that, I captured it amid the biggest energy supply crunch in recent years, owing to persisting tensions in the Middle East.

Raw Account: Spreads were kept pretty tight across all major markets. From my hands-on testing, the one major leg up of the Raw account over the Standard account is the index spreads. I observed 0.0-basis-point spreads on both the Dow Jones 30 and the Germany 40 indices. The 0.2-pip spread on the GBPJPY vs the 1.02-pip average was another highlight. Hence, I found the Raw account the better option for FX Crosses trading as well.

IUX Commissions (Raw Account Only)

In addition to spreads, IUX charges round-trip commissions on its Raw account. A round-trip commission is a fee you pay to open and close a full-sized contract (100,000 units).

Here is a breakdown of the applicable commission rates for instruments from different asset classes:

While IUX’s commissions exceed the benchmark in almost all areas, this does not negate the Raw account’s competitiveness. That is because the corresponding spreads are extremely low.

IUX Swaps

A swap fee is the cost of keeping a trade open overnight, and it’s tied to the difference in interest rates between the two currencies in a pair. If you’re holding a buy (long) position, you may either pay or earn interest depending on the rates—this is called a swap long. The same applies to a sell (short) position, where the overnight charge or credit is called a swap short.

The values listed below are for one full base currency contract (100,000 units). I collected them on 29 April. Here are my results:

Please note that these values are taken from the broker’s website and not the platform.

IUX’s swaps are a bit of an enigma. On the one hand, the broker claims to offer swap-free trading across all its instruments, and this is confirmed by the MetaTrader 5 platform. On the other hand, the broker warns that you may incur an overnight charge if you hold your positions open for more than one day.

I took the above charges from the IUX website, from the ‘Live Quotes’ segment, so I had to assume that they are valid. I concluded that the broker offers average-to-high swaps. This makes it not an ideal option for swing trading.

Please note that swaps fluctuate over time, subject to changing interest rates.

Are IUX’s Fees Competitive?

To help you understand how much you’ll pay to trade each instrument, I calculated the cost of trade using the formula: spread rate x pip value + commission rate (swaps are not included).

The Standard account by IUX offers extremely favorable conditions across instruments from all asset classes. FX costs of trade are noticeably better than the industry average, while commodity costs beat the benchmark twice over. Stocks are 3-to-4 times lower than with most other brokers, and indices and crypto costs are also kept to a minimum.

The IUX Raw account offers even better trading conditions than the Standard account. The $2 costs of trade on the DOW 30 and DAX 40 were undoubtedly the highlight of my review.

IUX Non-Trading Fees

Inactivity Fee: $0

Deposit and Withdrawal Fees: $0

Platforms and Tools

MetaTrader 5 Desktop

Classic Layout. Navigating MetaTrader is easy because it follows a familiar design (which it itself helped popularize). The charting area occupies the middle section of the window. Then there is a tools panel on the top, and a watchlist and navigator tool placed on the left-hand side.

Multiple Features. Arguably, the greatest perk of MetaTrader is that it accommodates a range of different styles. MT5 supports all basic order types for day and swing trading, one-click and DoM trading for scalping, and trade automation via Expert Advisors (EAs) for algo trading.

Educational Content. The other major advantage of MetaTrader is its vast library of educational and supporting content aimed at inexperienced traders. If you click the ‘Help’ tab from the settings panel, you will access dozens of educational articles and video tutorials explaining the various functionalities of MetaTrader. You can also learn about the platform’s multiple technical indicators and drawing tools – what they are used for and how to apply them on the chart.

Rugged Charts. The biggest drawback of MetaTrader is its outdated charting capabilities, which are surpassed by more modern platforms such as cTrader and TradingView. In my opinion, MetaTrader’s chart visuals are too rugged and unsuited for scaling price action up and down.

Availability & Features

The MT5 platform by IUX is available for Windows and Mac users and supports 39 languages, including English, Spanish, German, Arabic, and Chinese.

MT5 features include:

• Price Alerts: Set alerts when an instrument hits a specific price — ideal for spotting trade entry opportunities.
• Customizable Watchlists: Monitor your favorite trading instruments from your custom-built watchlists.
• One-Click Trading: Enter trades instantly at market price — perfect for scalpers or fast-paced traders.
• Chart Trading: Place and manage orders directly from the chart, including entry points, volume, stop-loss, and take-profit levels.

Charting & Analysis Tools

MT5 is loaded with analytical tools, including:

• 38 built-in technical indicators: From trend-following to oscillators and volume-based tools. You can use these to spot price trends and ranges and to assess their strength. For instance, I used the MACD stochastic, which is a momentum gauge, to underscore the recent uptick in bullish momentum following the completion of the latest downtrend.
• 24 drawing tools: Including Fibonacci retracements, Elliott Waves, and more for technical pattern spotting. I use tools like the Fibonacci retracement levels to map out major support and resistance levels within a price trend. I then use these as reference points for possible rebounds/reversals or breakouts/breakdowns, depending on the underlying trend. On the gold chart above, I applied a parallel channel to outline the borders of the recent downtrend. I also used a horizontal line to underscore the resistance-turned-support level at 4610.00.
• 21 timeframes: Great for multi-timeframe analysis. MT5 offers one of the largest time-frame selections of any platform. Typically, I use higher timeframes (above 4H) to determine the market’s general direction and smaller timeframes (below 1H) to spot viable entries within the broader trend.
• 3 chart types: Line, bar, and candlestick options let traders view price action in their preferred format. Personally, I prefer candlesticks because they provide a more comprehensive picture and can help identify potential trend reversals. For example, when found at the top of a bullish trend, a Hammer candle could indicate a bearish reversal. Alternatively, an Inverted Hammer at the bottom of a downtrend may signal a possible bullish reversal.

Order Types

MT5 offers four execution modes and covers all the core order types needed by most traders:

• Market Orders: Instant execution at the best available price — ideal for quick entries.
• Limit Orders: Target a specific price level for entry, though execution isn’t guaranteed.
• Stop Orders: Protect open positions with predefined risk levels. Stop-loss orders automatically convert into market orders once triggered.
• Stop-Limit Orders: Unlike classical stop orders, when the stop price is reached, the order turns into a limit order, which guarantees precise price execution.

MT5 App

I tested the IUX MT5 app on my personal Google Pixel phone running Android.

The app supports most of the platform’s functionalities across the desktop and web versions, such as watchlist customization and one-tap trading. This makes the MT5 app a convenient tool for staying connected to the market and adjusting your positions on the go.

You can also use the app to place market, limit, and stop orders, as well as manage position size and risk. That said, the charting experience still feels a bit cramped, and price action can be hard to scale and analyze comfortably on a small screen.

IUX Trade App

I also tested the broker’s proprietary IUX Trade App, which features a more user-friendly design. The other leg up on the MT5 app is the TradingView-powered charts, which make price action easier to examine. But I’d still recommend doing your research on a desktop platform because of the wider and more detailed screens. You can also set up your own PIN and use biometric login for extra security.

The IUX Trade App comes with a full range of analytical tools and order types, including market, limit, and stop. I placed several market orders to see how it handles, and was happy with how easy it was to get in and out of the market.

IUX Execution

Execution Model

According to IUX’s customer support, the broker operates on a hybrid market maker/STP model. It means that in some cases, IUX may operate as principal (counterparty) to client orders and in others, it can reroute them to its pool of liquidity providers.

Execution Speed

I used the MetaTrader 5 platform to measure IUX’s order execution speeds across popular instruments, including EURUSD, gold, crude oil, Apple, and the DOW 30. I placed several orders in quick succession on 29 April 2026, immediately after the New York market opening. I used a demo account for my hands-on tests because I did not deposit real capital to my live account.

From my hands-on tests, I observed average order execution speeds of 220ms, which beat the industry average of 243ms. If you are a high-frequency trader, I’d recommend that you ensure the broker has fast execution to reduce the risk of negative slippage.

The biggest determinants of how fast your orders are filled include the broker’s server locations relative to your own, as well as your internet speed. Since IUX’s servers are located in Singapore, and I am based in Europe, I observed slower-than-average execution.

Tradable Instruments

What CFDs Can You Trade With IUX?

The IUX thematic indices are quite rare and unavailable with most other brokers. They allow you to balance your market exposure and trade entire industries rather than individual assets. For example, if you trade the Crypto 10 Index, you can diversify your exposure, and even if 1 or 2 of the tokens included move against you, the overall index may still move in your favor.

Customer Support

Customer Support Channels

Customer Support Test

When I test a broker’s customer support, I evaluate the agent’s knowledge of their own website, the time it takes them to respond to questions, and the level of detail in their answers.

I conducted my first test on 30 April at around 17:30 CET via live chat. Initially, I had to provide my name and email address. After that, I asked the AI agent where IUX was based. It gave me a satisfactory answer, but was unable to respond to my next query about IUX’s minimum deposit requirement. So I was connected to a live agent.

I wanted to gauge the agent’s general knowledge of IUX, so I asked them a series of general questions, such as whether the broker supports copy and automated trading. The agent’s answers were swift and thorough.

I contacted IUX’s support again on the following day, 1 May, at around 12:30 CET. This time around, I raised more complex questions regarding IUX’s execution model and the location of its trading servers. The AI agent’s answers were pretty exhaustive, though it had one inconsistency. It said IUX’s servers are located in London and Singapore, but the broker’s MetaTrader 5 platform displays only one available server.

Deposit and Withdrawal

How Do You Deposit Money with IUX

How Do You Withdraw Money with IUX

The information presented above is valid as of May 2026.

Account Types and Terms

How to Open an Account With IUX

To open an account with IUX, follow these simple steps:

1. Click ‘Open Account’ from the top-right corner.
2. Choose your country of residence.
3. Agree to IUX’s Terms and Conditions.
4. Enter your email address.
5. Use the verification code to confirm your email.
6. Set an account password.
7. Choose your username and an avatar.
8. Verify your account by uploading proof of address and ID.
9. Configure the parameters of your trading account.

IUX Account Types

IUX’s accounts all feature the same base currency, minimum traded volume, standard contract size, margin call and stop out levels. Given the very high maximum retail leverage of 1:3000, this margin policy provides some protection to traders against complete account wipeouts.

Where the three accounts differ is in their underlying pricing mechanisms and minimum deposit requirements. The Standard account appeals to casual traders with its $50 minimum deposit and a straightforward pricing model (spreads only, no commissions). In contrast, the Raw account features raw spreads plus fixed commissions. Since my fees test showed that the Raw account had better prices, I’d recommend using it, considering that the minimum deposit of $200 is still fairly low.

IUX Demo Accounts

IUX offers demo accounts to let traders explore its trading platforms and test their strategies in a simulated environment. Since markets are constantly changing, it’s crucial to keep your skills sharp without risking real money. You can open a demo account before or alongside your live CFD account.

Swap-Free (Islamic) Accounts

IUX offers Shariah-compliant Islamic accounts for swap-free trading. They are geared towards Muslim traders who, due to their religious beliefs, cannot receive any interest on their positions. For further information, please contact the IUX customer support.

What Leverage Does IUX Offer?

The maximum retail leverage with IUX Markets (MU) Ltd is 1:3000, which is among the biggest in the industry. This means that if you use just $100 to open a trade and utilize the full 1:3000 leverage, you would be able to open a position worth $300,000.

A word of caution: Trading on margin with high leverage is extremely risky and may result in significant losses.

According to IUX’s risk notice, 76% of its clients lose money trading CFD products.

IUX Restricted Countries

IUX does not accept traders from Australia, the EEA, Japan, Malaysia, Ukraine, the UK, US, Afghanistan, Barbados, Belarus, Burkina Faso, Cameroon, CAR, Cuba, Democratic Republic of Congo, Haiti, Iran, Lybia, Mali, Mozambique, Myanmar, Nicaragua, North Korea, Russia, Senegal, Sudan, Syria, Tanzaznia, Venezuela, Yemen, Zimbabwe, or any other country or jurisdiction where trading is prohibited by law (Verified April 2026).

Research

Economic Calendar

The economic calendar by IUX helps you keep tabs on upcoming economic releases, such as inflation and unemployment numbers. These events have the potential to stir price action, so it is vital to manage your exposure before and after their releases. You can use the IUX calendar’s filters to sift through upcoming events by country, type, and significance.

Market Screener Tool

IUX has integrated a market sentiment gauge by TradingView. It filters the current price, daily price change, and daily highs and lows on popular instruments and formulates the current trend. The screener may indicate everything from a strong buy to a strong sell; however, you should not take it as investment advice and should always do your own research.

Trading Calculators

The IUX’s trading calculator helps you estimate your margin requirement for a trade. For example, I plotted the details for a hypothetical GBPUSD full-sized (1 lot) trade with 1:100 leverage, and got a $1,356.96 required margin with a pip value of 10,000 (meaning a $10 change per each pip movement in the underlying).

You can use the trading calculator as part of your risk management assessment.

Blog

IUX also has a blog on its website, where it publishes news updates and market analyses. I’ve read a few of these articles and found them to be of decent quality. But I’d appreciate it if the broker updates this section more frequently. For example, the last analysis was published in late January.

Education

The educational content by IUX can be summed up in three categories:

• Articles: IUX has uploaded more than 250 articles to the website, ranging in difficulty. There are materials for beginners, intermediate, and advanced traders. I checked several of these and found them very practical. One of the articles I read was on stop-limit orders, and I appreciated how streamlined it was. It started with a brief introduction to the core concept and proceeded with practical insights into how these orders can be implemented in real trading. I also liked the supporting images, which made the text more dynamic and easier to comprehend.
• Academy: It contains 12 courses with dozens of individual lessons on a wide variety of topics – some very practical, others less so. For example, the broker has dedicated two courses to investing, but it does not offer any investing products. On the plus side, IUX’s content aimed at beginners is very useful. You can use it to learn about essential trading concepts, such as how to size your positions, what orders to use in different market environments, and how to reduce your risk with stop-loss orders.
• Podcasts: The highlight of IUX’s education for me was the two new podcasts – “Trader’s Journey” and “The Trader’s Lab”. They feature more than 50 episodes, with more underway. The one offers critical insights of seasoned market experts, such as Ray Dalio and Tom Baldwin, while others provide more practical insights, such as how not to overtrade and the impact of social media in trading.

I reviewed IUX’s educational offering from the broker’s website and YouTube channel in April 2026.

The Bottom Line

Headquartered in Mauritius and established in 2016, IUX is making waves with its extremely favorable trading costs. I captured industry-low spreads, including a 0.7-pip EURUSD spread and a $0.019 WTI spread, across all major markets – FX pairs, commodities, stocks, indices, and cryptocurrencies. It also distinguishes itself with its rather high maximum leverage of 1:3000.

You can trade on the IUX WebTerminal or the IUX Trade App that features TradingView charts and an intuitive layout. The broker also supports MetaTrader 5 for those who prefer a more familiar setup

IUX also provides extensive educational content, including two highly insightful podcasts, as well as reliable customer support. However, its biggest drawback is its limited selection of tradable instruments, currently comprising only 133 assets.

To sum up, I found IUX a perfect option for cost-conscious traders looking for low spreads and reliable platforms. However, the broker’s narrow selection of tradable instruments limits the ceiling for traders looking for diversity, so they might have to look elsewhere.

What I Did not Test

Please note that for this review of IUX, I did not:

1. Use live accounts to test IUX’s order execution speeds;
2. Upload proof of ID and proof of address to fully verify my IUX’s live accounts;
3. Test IUX’s Islamic accounts;
4. Deposit or withdraw real capital into or from IUX.