It claims to have been established in 2016 and to hold licenses from several regulators, including ASIC and The Financial Commission. However, in the world of online trading, one should not take such statements at face value — everything must be thoroughly verified. The aim of our IUX review is to determine what this platform truly represents and to answer the question of whether it is safe and profitable to work with.
Brief Overview
- 🖥Official Website: https://www.iux.com/en
- ✈️Contact Address: Office 713 7th Floor, Nexsky Building Ebene Cybercity, 72201 Mauritius
- 📞Customer Support: support@iux.com, 028-216-698
- 🔐Licensing and Accreditation: ASIC, MFSC, FSCA, Finacom
- ⏳Track Record: 2016
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $10, 1:3000
- 💰Additional Services: education, promotions
Iux.com Examination
The official website is designed in dark tones with green accents. While it does look unique and stylish, if you are in a well-lit environment, you will need to turn your screen brightness up to maximum just to read and see anything clearly. It is clear that IUX did not take this into account when choosing the design.
Visually, the website appears fairly standard. At the top of the page is a small menu: Trade, Platform, and More. Here, you can find sections containing all the necessary information: about us, licenses, platforms, account types, additional tools, commissions, and more. There is also a language switcher button, though most of the supported languages are Asian.
On the homepage, IUX lists its key advantages and trading conditions, and boasts about positive reviews, as well as awards in the forex industry, though it provides no proof of these comments and claims. At the bottom, there is a risk warning and the company’s legal address.
Overall, we did not find anything overtly negative. The broker does disclose information and even mentions operating under an STP business model. However, all of this still requires careful verification.
Company Contacts
In the contact section, there is only a single email address and phone number. By contrast, major brokerage firms usually provide several emails and phone numbers for different departments, for example, technical support, verification, promotions, or withdrawals.
IUX offers a live chat feature that is intended to provide quick contact with a broker representative. However, the response time is not specified. Furthermore, the company maintains social media accounts with a large number of followers. Their YouTube channel has over 33,000 subscribers, yet their videos rarely exceed 100 views, which is likely a sign of fake followers.
Key Conditions
At first glance, the trading conditions at IUX seem like a trader’s dream: low spreads, almost no commissions, and extremely high leverage. The broker offers three account types: Standard, Raw, and Pro. The Standard account requires just $10 to start — the minimum deposit. The Raw and Pro accounts require a minimum of $500. Spreads start from 0.2 pips on the Standard account, from 0.0 on Raw, and from 0.1 on Pro. However, the “zero” spread on the Raw account comes with a $6 commission per lot. For comparison, IC Markets charges $3.50 per side for a Raw Spread account, nearly half the cost.
Leverage goes up to 1:3000, which is an immediate red flag for high risk. No properly licensed broker in the EU or Australia offers retail traders more than 1:30 or 1:500 at most.
Trading at IUX is conducted solely through MetaTrader. The servers are supposedly located in London and Asia, though this cannot be independently verified. They promise a “zero stop-out level”, which is odd in itself: there is no stop-out, but there is a margin call at 30%. The broker states that all account types are suitable for day trading and that all trading styles are allowed, yet there is no mention of support for expert advisors (EAs), hedging, or scalping. This lack of clarity is questionable.
And finally, the marketing gimmicks: “LotBack Program”, “0.0 spread”, “deep liquidity”, and “execution under 30 ms”. These are classic phrases designed to attract inexperienced traders without prompting them to question who they are actually dealing with. No liquidity providers are listed.
Exposing IUX
At this stage of our review, it is too early to declare the company suspicious. The official website, contact details, and trading conditions all appear relatively standard. There are certain drawbacks, but none of them are definitive signs of dubious activities. However, it is too soon to draw conclusions, as we still need to verify licenses, operational history, and legal details.
Their office is listed in Mauritius — this is the address provided in the contact section. IUX claims to hold licenses from the SVGFSA, ASIC, FSCA, FSC, and The Financial Commission. Our main focus is on ASIC and The Financial Commission, as the remaining regulators are offshore financial bodies that exercise little to no actual oversight.
Verification has confirmed that the company does indeed hold all the licenses it claims — notably those from ASIC and The Financial Commission. There is no evidence of false information in this regard.
The main risk when trading with IUX lies in the lack of reliable regulation. Although the broker’s website references licenses from the FSA (Saint Vincent), FSC (Mauritius), FSCA (South Africa), and ASIC (Australia), in reality, most of these jurisdictions either do not properly regulate forex brokers. For example, Saint Vincent does not oversee forex companies, and many companies registered there are not actively operating under the stated licenses. Regarding Mauritius, the requirements to open a brokerage company are very low. It is enough to have a paid-up capital of around $22,000–$23,000 and to hire nominee staff. By comparison, UK brokers must have paid-up capital in the hundreds of thousands of dollars. Regulatory inspections in Mauritius are very rare. Moreover, the Mauritius regulator tends to avoid involvement with complaints from non-residents. This means that if you are not a Mauritius citizen and file a complaint against a broker licensed there, it is unlikely to be processed. Furthermore, the website clearly states that IUX Markets AU Pty Ltd (the Australian entity) is not operated from this site, meaning that clients of iux.com are not protected by ASIC, no matter how appealing it sounds in the marketing material.
Beyond weak regulation, there are other risks. Conditions such as 1:3000 leverage and a zero stop-out level appear attractive but actually create a highly unprotected environment for the client — the broker can liquidate a position or wipe an account at any moment without warning.
What Reviews Do Users Leave?
There are quite a few reviews about IUX online, but most of them warrant closer scrutiny. This particularly applies to positive reviews, which appear highly generic. Often, they consist of short, vague statements such as “everything is great”, “best trading experience”, or “top platform”, and so on. These resemble fake comments — suggesting the company may be posting fabricated testimonials to boost its reputation. Of course, we cannot say for sure, but genuine reviews usually contain such verifiable data as account numbers, applications, exact time of withdrawal/crediting of funds, and finally, screenshots.
Conclusions
IUX is far from being one of the more transparent brokers on the market. Behind the polished website and bold claims lie offshore licenses, slow social media activity, and trading conditions that put client funds at risk. Only clients served directly within the ASIC jurisdiction and under its supervision benefit from strong protection. Others should carefully weigh the risks before registering with an offshore subdivision.
Pros/Cons
- The minimum deposit from $10.
- The company has been on the market for a long time.
- Huge leverage 1:3000 — high risk of liquidation.
- Many suspicious positive reviews and dubious awards.
- No transparency on liquidity and real performance.
- Contact information is scarce — one email and one number.
- Strange activity in social networks (many subscribers — few real views).
Customer support at IUX Markets is appalling. Chat responses take over an hour, and emails go completely unanswered. I encountered a verification issue, submitted all the required documents, and received no response whatsoever. A week later, my account was simply frozen — no explanation, no feedback. It feels as though the support team exists only for the show. A serious company would never behave this way…
I opened a Raw account, trusting the promises of fair spreads and commissions. In reality, the spread is unstable, sometimes reaching 3–4 pips, and the $6 commission per lot is higher than that of most reputable brokers. During news releases, the slippage is extreme and the platform freezes. On one occasion, an order did not execute at all, despite being a perfect entry point on the chart. It feels like you are not trading on the market, but against a dealing desk
I was trading with a small deposit and 1:1000 leverage – everything seemed fine until I started making a profit. That’s when the issues began: orders stopped executing, charts froze, the terminal crashed. When I started asking questions, my withdrawal request was denied due to alleged violations. No specific reasons were given. It felt as though the broker simply does not allow clients to profit. There will be no peaceful trading on iux.com – only stress and constant frustration!!