IC Markets
3:09
2:39
2:10
2:18
3:43
8:42
Standard
$30
- Spread from 0.2 pips
- No commission
- Up to 1:3000
- Stop out 20%
ExcellentLicences: FSC Mauritius, SVG registration
High risk: 76% of retail CFD accounts lose money with this provider. We never tell you to trade, so read IUX's disclosures first. Our promise
IUX is an MT5-only broker focused on ten countries in Asia, Africa and Latin America, with a $30 Standard account, leverage up to 1:3000 and no IUX fees on deposits or withdrawals, which it says usually arrive within minutes. It is licensed by the FSC Mauritius, and its swap-free rules depend on how long you hold trades.
Guides16
Is IUX Safe? Its Licences, Which Company Serves You and Its ProtectionsIUX Minimum Deposit: $30 Standard, $200 Raw and Pro, and How Funding WorksIUX Account Types: Standard, Raw and Pro ComparedHow to Open an IUX Account: Registration, Verification and First TradeIUX Verification: POI, POA, Bank (POB) and EDD Documents ExplainedIUX Demo Account: How to Open One, Limits and Inactivity RulesIUX Islamic Account: How Swap-Free Status Works and How You Can Lose ItIUX Withdrawal: Requirements, Methods, Times and Why It Can FailIUX Fees: Spreads, Raw Commission, Swaps and What Costs NothingIUX Leverage: Up to 1:3000, the HMR Caps and How to Change ItIUX Stop Out and Margin Call: 40% Warning, 20% Close-OutIUX Crypto Trading: 70+ Coin CFDs, 24/7 Hours, Leverage and Lot LimitsIUX Stock Trading: Commission-Free Share CFDs, Extended Hours and LimitsIUX Hedging Rules: What Is Allowed, Banned Strategies and EAsIUX Platforms: MT5, IUX Trade App, WebTerminal and Client DashboardIUX Customer Support: Tickets, Email, Hours and How to Get Faster Help
- Written byAbir KhanWriter
Written byAbir KhanWriterWrites the guides · checks every figure against primary sources View profileAbout Abir → - Market analysis byTanbir Habib RiyadForex & Crypto Analyst
Market analysis byTanbir Habib RiyadForex & Crypto AnalystForex and crypto analyst · technical and fundamental analysis View profileAbout Tanbir → - Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst
Fact-checked byJannatul FerdaushFact-Checker & Risk AnalystFact-checks every figure · risk analysis · Applied Statistics, University of Dhaka View profileAbout Jannatul → - Reviewed byJowel RanaForex Trader
Reviewed byJowel RanaForex TraderForex trader · reviews guides from a trader's view View profileAbout Jowel → - Approved byRanjan N. MondolForex Trader
Approved byRanjan N. MondolForex TraderForex trader · signs off every guide View profileAbout Ranjan →
Tap a face for rolesOur methodology →
An FX Recap team effort, from Abir Khan to Ranjan N. Mondol
IUX at a glance
Source: iux.com and the IUX Help Center, checked 2 October 2026| Licence | FSC Mauritius Investment Dealer GB22200605 (IUX Markets (MU) Ltd) · Financial Commission member |
|---|---|
| Minimum deposit | $30 Standard · $200 Raw and Pro |
| EUR/USD spread | From 0.2 pips Standard · 0.1 Pro · 0.0 Raw |
| Commission | None on Standard or Pro · $7 per lot on Raw |
| Maximum leverage | 1:3000, depending on account, volume and instrument |
| Platforms | MT5 (desktop, web, mobile), IUX Trade App, IUX WebTerminal |
| Fees to watch | Swaps once you hold trades for several days · bank or network fees |
| Support | 24/7 tickets and email |
| In business | 2016 |
| Who can join | Clients in 10 countries: Vietnam, Indonesia, Philippines, India, Laos, Nigeria, Ghana, South Africa, Mexico and Colombia |
Can I open an IUX account from my country?
Is it legal for me to trade with this broker?
Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.
Your country
Afghanistan
Algeria
Australia
Austria
Bangladesh
Belarus
Belgium
Bonaire
Brazil
Cambodia
Canada
China
Colombia- Congo
Cuba
Curaçao
Cyprus
East Timor
Egypt
France
Germany
Ghana
Greece
Guernsey
Guinea-Bissau
Haiti
Hong Kong
India
Indonesia
Iran
Iraq
Ireland
Isle of Man
Israel
Italy
Japan
Jersey
Kenya
Laos
Lebanon
Liberia
Libya
Malaysia
Mauritius
Mexico
Micronesia
Morocco
Myanmar
Nepal
Netherlands
New Zealand
Nigeria
North Korea
Pakistan
Palestine
Philippines
Poland
Portugal
Puerto Rico
Russia
Saudi Arabia
Singapore
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Sweden
Syria
Tanzania
Thailand
Turkey
Ukraine
United Arab Emirates
United Kingdom
United States
Vietnam
Yemen
No country found
IUX takes no new clients from Thailand.
IUX pros and cons
What traders get
- $30 opens a Standard account
- No IUX deposit or withdrawal fees, and no account fees
- Withdrawals usually in minutes, requests 24/7 including holidays
- Swap-free by default for day traders; automatic in Islamic countries
- Negative balance reset to zero
- Financial Commission member
What to watch
- MT5 only: no MT4 or cTrader
- Swap-free switches off if you hold positions for several days
- Open to only ten countries; no new Thai clients
- Leverage drops to 1:400 around news and weekends
- Max 20 lots per forex order
- IUX's own pages contradict each other on hedging rules
How IUX's 4.5 score is built
Our methodology →Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for IUX.
- Regulation & safety20% of scoreMixedFSC Mauritius licence and Financial Commission membership. IUX's ASIC-licensed company does not serve clients through iux.com.
- User satisfaction15% of scoreNeeds dataNeeds real trader reviews. Our review box opened in October 2026.
- Commissions & fees13% of scoreStrengthNo IUX payment or account fees; Standard and Pro carry no commission.
- Platforms & tools12.5% of scoreMixedMT5, the IUX Trade App and WebTerminal with TradingView charts. No MT4 or cTrader.
- Deposit & withdrawal10% of scoreStrengthRequests 24/7; IUX says withdrawals take minutes and never more than 24 hours.
- Account types9% of scoreStrengthStandard, Raw and Pro, all up to 1:3000.
- Account opening8% of scoreMixedThorough checks: ID with a face scan, proof of address, a risk questionnaire and proof of bank account.
- Trading instruments7% of scoreStrengthForex, metals, energies, indices, crypto and US stock CFDs.
- Mobile apps3% of scoreStrengthIUX Trade App for iOS and Android.
- Customer support2.5% of scoreStrengthSupport 24/7 by ticket and email.
Is IUX safe? Regulation and protections
What does a regulator actually do?
A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.
IUX runs iux.com through a Mauritius company. Here is who holds what:
- Company
- IUX Markets (MU) Ltd
- Regulator
- FSC Mauritius
- Licence
- GB22200605 (Investment Dealer)
- Leverage
- Up to 1:3000
- Member of the Financial Commission (dispute resolution and compensation fund)
- Segregated accounts, 2FA and PCI DSS
- Negative balance reset to zero within 1–5 seconds if no positions are open
- Company
- IUX Markets Limited
- Regulator
- Incorporated with the FSA of St Vincent & the Grenadines
- Licence
- Registration 26183 BC 2021
- Leverage
- Not stated
- Named in the iux.com footer copyright
- Company
- IUX Markets AU Pty Ltd
- Regulator
- ASIC
- Licence
- 529610
- Leverage
- Not applicable
- IUX says this company does not provide products or services through iux.com
IUX does not accept clients from Australia, Canada, Japan, Malaysia, Ukraine, the UK, the US or the EU, and takes no new Thai clients. It serves Vietnam, Indonesia, the Philippines, India, Laos, Nigeria, Ghana, South Africa, Mexico and Colombia.
IUX describes itself as a hybrid market maker: it is sometimes your counterparty and passes some orders to tier-1 liquidity providers. Do not assume ASIC protection: the ASIC-licensed company is not the one serving iux.com.
Is IUX regulated? Full check →How to open an IUX account
What is KYC verification?
Before you can trade or withdraw, a broker must check who you are. This is called KYC, short for "know your customer". You usually upload a photo ID and a recent bill or bank statement showing your address. Practise on a demo account with virtual money before you deposit real money.
- RegisterConfirm your email and fill in your profile. You can try a demo without verifying.
- VerifyUpload ID from your country of nationality with a face scan, proof of address from the last 3 months, extra details and a risk questionnaire.
- Add your bankProof of bank account (a passbook page or statement with your name and number), reviewed in about 3–15 minutes.
- Fund and tradeDeposit from $30 in your own name; it is converted to USD. Trade on MT5 or the IUX app.
ID must be valid for 3+ months. Accounts with no activity for 15+ days and under $1 are archived; reactivate within 90 days or they are deleted. IUX may ask for source-of-funds checks, which limit deposits and withdrawals until done.
IUX verification guide →IUX fees: what one trade costs
What are spreads and pips?
The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.
Standard and Pro put the cost in the spread. Raw starts from 0.0 pips and charges $7 per lot. IUX charges no account, deposit or withdrawal fees.
| Cost | What IUX charges |
|---|---|
| Commission | Standard and Pro: none. Raw: $7 per lot. |
| Deposits and withdrawals | No IUX fee; your bank or the blockchain network may charge. |
| Account fees | No opening or maintenance fees. |
| Swaps | Day traders are swap-free by default; holding positions for several days switches swaps on (see below). |
| Stock CFDs | 0% commission and swap-free, per IUX's stocks page. |
EUR/USD cost per lot at the brokers we review
| Broker | Spread | Commission | Per lot |
|---|---|---|---|
| RoboForexECN | 0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot) | $20 per $1M (≈ $4.34 a lot) | $4.34 |
| Fusion MarketsZero | 0.01 pipsaverage+ $2.25 a side | $2.25 a side | $4.60 |
| LiteFinanceECN | 0.0 pipsfrom+ $5 a lot | $5 a lot | $5.00 |
| TickmillRaw | 0.0 pipsfrom+ $3 a side | $3 a side | $6.00 |
| VantageRaw ECN | 0.0 pipsfrom+ $3 a side | $3 a side | $6.00 |
| Elev8Standard | 0.6 pipsfromno commission | None (in the spread) | $6.00 |
| ExnessRaw Spread | 0.0 pipsfrom+ Up to $3.50 a side | Up to $3.50 a side | up to $7.00 |
| FP MarketsRaw | 0.1 pipsaverage+ $3 a side | $3 a side | $7.00 |
| FXTMAdvantage | 0.0 pipsfrom+ $3.50 a side | $3.50 a side | $7.00 |
| IUXRaw | 0.0 pipsfrom+ $7 a lot | $7 a lot | $7.00 |
| PepperstoneRazor | 0.0 pipsfrom+ $3.50 a side | $3.50 a side | $7.00 |
| XMUltra Low | 0.8 pipsfromno commission | None | $8.00 |
| IC MarketsRaw Spread | 0.1 pipsaverage+ $3.50 a side | $3.50 a side | $8.00 |
| AvaTradeStandard | 0.8 pipstypicalno commission | None | $8.00 |
One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.
IUX swaps and the Islamic account
What is a swap fee?
A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.
| Default | Outside Islamic countries, new accounts are swap-free while you mainly day trade. |
|---|---|
| When it changes | IUX's system switches you to normal swaps if you hold positions for days at a time; IUX advises not holding for more than 2–3 days in a row. Swap-free returns automatically. |
| Charged anyway | Some pairs (such as GBP/AUD, CAD/JPY and USD/JPY on Wednesdays), all metals and oil except XAU/USD, the DXY and thematic indices. |
| Islamic countries | Clients in countries such as Indonesia are swap-free automatically. |
IUX account types
What is a lot, and what is a cent account?
A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.
Pro
$200
- Spread from 0.1 pips
- No commission
- Up to 1:3000
- Stop out 20%
Raw
$200
- Spread from 0.0 pips
- $7 per lot
- Up to 1:3000
- Stop out 20%
All accounts use market execution on MT5, trade from 0.01 lots, have a 40% margin call and allow withdrawals from $10.
IUX account types compared →Related guidesIUX Minimum Deposit
IUX leverage and when it drops
How do leverage, margin call and stop out work?
Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.
| Maximum | 1:3000, depending on account, trading volume and instrument |
|---|---|
| Around news | 1:400 from 15 minutes before to 5 minutes after high-impact news |
| Around weekends | Reduced from 2 hours before the weekend or holiday close to 1 hour after the open |
| Lower caps | Major indices 1:200 · minor indices and energy 1:100 · stocks 1:20 · thematic indices 1:5 |
Change leverage in Trading Accounts if your free margin allows. Stop out is 20% and margin call 40%.
How IUX leverage works →Related guidesIUX Stop Out and Margin Call
IUX trading platforms
MT4, MT5 or cTrader: what is the difference?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.
MT5
Desktop for Windows and Mac, WebTerminal and mobile. 80+ indicators, 7 order types.
IUX Trade App
iOS and Android, with TradingView Advanced Charts.
IUX WebTerminal
Trade in the browser or from the Client Dashboard.
Myfxbook Autotrade
Third-party signal copying.
No MT4 or cTrader. Expert advisors run on desktop MT5 only. Servers are in London and Singapore; server time is GMT+0.
IUX platforms compared →What you can trade at IUX
IUX account and instrument pages, checked 2 October 2026What is a CFD?
Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.
| Market | Max lots per order | Max leverage |
|---|---|---|
| Forex | 20 | Up to 1:3000 |
| GoldXAU/USD | 10 | Up to 1:3000 |
| CryptoBitcoin · Ether · alt coins | 1:100 BTC/ETH · 1:50 alt coins around news | |
| Indices | 1:200 major · 1:100 minor | |
| Stock CFDsUS shares | 1:20 |
IUX's pages give different instrument counts, so we do not quote one.
Trading stocks with IUX →Related guidesIUX Crypto Trading
IUX deposits and withdrawals
Why does my money go back to the same card or wallet?
To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.
- DepositCards in your name, Skrill, Neteller, local bank transfer or QR, depending on country. Credited instantly or in 5–10 minutes.
- Request24/7, including holidays, confirmed by OTP. Needs ID, address and bank proof.
- ArrivesIUX says 5–15 minutes, and never more than 24 hours.
Withdrawals go only to accounts in your own name, refunded to source first. With positions open you can withdraw up to 90% of free margin minus any credit. The minimum withdrawal is $10.
IUX withdrawals explained →Related guidesIUX Minimum Deposit
IUX bonuses and promotions
Can I withdraw a deposit bonus?
A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.
| Offer | What you get |
|---|---|
| IUX LotBack Program → | IUX's LotBack Program pays 0.5 to 1.5 points for every standard lot you trade, each point worth $0.50 in cash. |
IUX runs LotBack and other promotions; read each offer's conditions on its page.
IUX customer support
| Hours | 24/7 |
|---|---|
| Tickets | Headset icon on the website, or Menu › Support Center in the app |
| support@iux.com (reply within 24 hours) | |
| Security | 2FA, device management, 256-bit SSL |
How we checked this review
Last checked 2 October 2026- Read iux.com and 95 IUX Help Center articles on 2 October 2026.
- Where IUX's own pages disagree (hedging, account limits, instrument counts), we left the point out.
- Every figure comes from IUX's own pages or a regulator, not from third-party sites.
- Scored on the same ten weighted parameters we use for every broker (our methodology).
Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst
Approved byRanjan N. MondolForex TraderWe have not yet tested a live account with IUX. When we do, the dated results will appear here.
IUX compared with similar brokers
| IUX | Exness | XM | FXTM | |
|---|---|---|---|---|
| FX Recap score | 4.5/5 | 4.75/5 | 4.75/5 | 4.25/5 |
| Minimum deposit | $30 | $10 | $5 | $30 (Micro) |
| Spread from | 0.0 pips | 0.0 pips | 0.8 pips | 0.0 pips |
| Max leverage | 1:3000 | Unlimited* | 1:1000 | 1:5000 |
| Best for | MT5 traders in Southeast Asia | High leverage and fast withdrawals | Small first deposits and beginners | High leverage and a $30 micro account |
| IUX vs Exness → | IUX vs XM → | IUX vs FXTM → |
Our verdict on IUX
IUX suits day traders in the ten countries it serves: $30 to start, MT5 and a modern app, no IUX fees, withdrawals IUX says arrive within minutes, and swap-free by default for short trades. It is less suited to swing traders, whose swap-free status switches off, and to anyone wanting MT4, cTrader or a top-tier regulator. Its pages also contradict each other on hedging, so ask support before you hedge.
IUX trader reviews
What traders say about IUX in their own words. These ratings are separate from FX Recap's own score of 4.5, which comes from our review.
0.0
No trader reviews yetBe the first to tell other traders what IUX is really like.
Traded with IUX?
About two minutes. We read every review before it is published.For UK readers
IUX does not accept clients from the UK, so UK traders cannot open an account.
IUX questions traders ask
Is IUX regulated?
Yes. IUX Markets (MU) Ltd, which operates iux.com, holds FSC Mauritius Investment Dealer licence GB22200605. IUX also has an ASIC-licensed company, but IUX says it does not provide services through iux.com.
What is the IUX minimum deposit?
$30 on Standard and $200 on Raw and Pro. The minimum withdrawal is $10.
Which countries does IUX accept?
Vietnam, Indonesia, the Philippines, India, Laos, Nigeria, Ghana, South Africa, Mexico and Colombia. It does not accept the UK, the EU, the US, Australia, Canada, Japan, Malaysia or Ukraine.
How fast are IUX withdrawals?
IUX says 5–15 minutes and never more than 24 hours. You can request them 24/7, including holidays.
Why can an IUX withdrawal be delayed?
IUX needs proof of identity, address and bank account before a withdrawal, pays only to accounts in your name and confirms each request by OTP. With positions open you can take up to 90% of free margin minus credit, and an enhanced due-diligence check caps withdrawals at $10,000 until it is done.
Is IUX swap-free?
For day traders, yes by default; clients in Islamic countries are swap-free automatically. If you hold positions for several days, IUX switches you to normal swaps until you trade short-term again.
Does IUX offer MT4?
No. IUX offers MT5 only, plus its own IUX Trade App and WebTerminal.
Can I open an IUX account from my country?
IUX serves clients in only 10 countries: Vietnam, Indonesia, Philippines, India, Laos, Nigeria, Ghana, South Africa, Mexico and Colombia. Use the country check on this page to see your answer.
Review history
- 2 Oct 2026Companies, countries, accounts, fees, payments, swaps and leverage checked against iux.com and the IUX Help Center.
- 12 Oct 2025Review published.
Go deeper: IUX guides
Is IUX Safe? Its Licences, Which Company Serves You and Its Protections
IUX Minimum Deposit: $30 Standard, $200 Raw and Pro, and How Funding Works
IUX Account Types: Standard, Raw and Pro Compared
How to Open an IUX Account: Registration, Verification and First Trade
IUX Verification: POI, POA, Bank (POB) and EDD Documents Explained
IUX Demo Account: How to Open One, Limits and Inactivity Rules