IUX review

A Review of IUX Trading Platforms

IUX offers several market-standard trading platforms including its two in-house trading platforms: IUX app trade and IUX web trade. The IUX App Trader gives clients access to trade on the go from anywhere and at any time. The platform is available on IOS and Android. On the other hand, the IUX Web Trader allows investors to access trades on website terminals with no installation or downloads needed. Notably, this trading platform is designed with simplicity in mind. It uses the core of MT5, which provides most of its functionalities but keeps the interface clean and clutter-free. This allows you to focus on what matters most, making trades.

Nonetheless, traders have access to MT5 if they wish to use it instead. Renowned for its user-friendliness and extensive features, MT5 is a perfect fit for modern traders. With over 80 technical indicators and the ability to view 100 charts simultaneously, you can perform in-depth analysis with ease. The platform even offers a variety of free, ready-made tools to streamline your research and decision-making.

Trading Assets on IUX

IUX traders have access to a wide range of trading instruments. The diversity of the markets enables traders to spread their investments across the markets. In total, there are over 230 instruments available and they include:

• Forex – IUX offers 63+ currency pairs including major, minor, and exotic currencies. Some of the currency pairs available include AUDUSD, GBPUSD, USDCAD, NZDUSD, CADJPY, and GBPAUD.
• Indices – The broker offers over 23 indices including those from countries like the USA, Germany, and Australia. Some of the indices available for traders include UK100, AUS200, HK50, FR40 and many more.
• Commodities – IUX also allows its traders to trade a variety of commodities. A trader can invest in popular commodities like metal, oil, natural gas, and agricultural products.
• Stocks – IUX gives its traders the ability to trade CFDs on a range of well-known stocks. This means they can speculate on the price movements of companies like Amazon, Adobe, AMD, Visa, and Meta, among others.
• Cryptocurrencies – IUX also offers a variety of cryptocurrencies for traders to invest in. There are over 15 crypto pairs available including ETHUSD, LTCUSD, BTCUSD, BCHUSD, and BTCXAU.

Review of IUX Trading Fees

IUX offers different account types to its traders to enable them to choose the one that suits their trading needs. The trading accounts the broker offers include the standard, standard+, Raw, and Pro accounts. The accounts come with different fee structures and can fit different trader profiles.

The standard and the standard+ accounts feature spread from as low as 0.2 pips and 0.5 pips respectively for major currency pairs with no commission. In contrast, the Pro account has spreads from as low as 0.1 pips with no commission. The only account that charges a commission is the raw spread account. The commission starts from as low as $ 3 per side per lot but the spreads are as low as 0.0 pips for major currency pairs.

On another note, it’s important to know that holding positions overnight incurs a swap fee. This fee varies depending on the asset you’re trading and the size of your position. However, IUX offers swap-free accounts for traders who primarily focus on day trading.

Research and Education

The financial markets are constantly changing, so ongoing education is crucial for success. Brokers who offer learning resources are highly valued by traders of all levels. IUX understands this and provides a comprehensive education section with articles, webinars, and an academy full of lessons. These materials cover a wide range of topics across different markets. This includes lessons on beginner basics to more advanced concepts.

This rich resource helps new traders get started on the right foot, equipping them with the knowledge to make informed decisions. For experienced traders, IUX offers the opportunity to learn new strategies and sharpen their skills. This can possibly help them take their trading to the next level.

IUX Customer Support

Having access to helpful customer support is vital when navigating the financial markets. IUX prioritizes customer needs by offering 24/7 support via email and phone. The broker offers 24/7 customer support by email and phone. The email available is support@iux.com and the phone number available is +35725247681. The only downside is that the broker does not offer live chat.

IUX Credibility

Before investing with any broker, it’s important to understand their regulatory status. IUX has licenses and regulations from several regulators in the market. These include the FSCA in South Africa, the LFSA in Malaysia, and the FSA in St Vincent and the Grenadines. While having multiple regulations offers some reassurance, some traders may prefer brokers overseen by top-tier regulators like the FCA in the UK, CySEC in Cyprus, or ASIC in Australia.

Final Verdict

IUX is a versatile broker that caters to traders of all levels. For starters, it offers a variety of user-friendly platforms on a variety of devices. Additionally, it offers access to over 230 markets with a low minimum deposit of just $10. Moreover, the broker offers some of the lowest spreads in the market and different account types that fit all types of traders. Traders can also get articles and courses that will help traders in investing wisely. The broker has regulations but it’s not heavily regulated. While its regulatory status includes several authorities, it could use regulation from at least one top-tier regulator. Overall, IUX provides a solid trading environment with advanced tools and features designed to meet diverse trading needs.