We can’t deny the growing popularity of trading. Undoubtedly, the Forex market is highly competitive. Therefore, it’s safe to assume that most traders already have a broker in mind. However, a unique generation of brokers is worth your time, and we would like to introduce you to them right now. So, let’s take a look at the review of IUX Markets provided by our team, Finxpd.
List of contents
IUX Markets: Overview
The UK and Cyprus are the home bases for this British and Singaporean broker. As a broker, IUX Markets is part of Cyprus’s big and well-established industry, where many other brokerages and financial institutions are also based. To some extent, this demonstrates credibility.
IUX Markets is a gifted and rapidly expanding broker, launched in 2016. Compared to when it originally came out, this could be because of the generous welcome offer of up to $30 plus an extra 35% on the initial deposit. A minimum deposit of only $10 is required.
However, this is not what makes IUX Markets stand out; alternatively, IUX Markets is the only broker with Cloud Servers in Thailand and Singapore, so orders can be filled quickly and without requotes. This contrasts with other brokers, which rely on a database server in the United States or Europe.
Therefore, investors need not worry that the order will collapse when market volatility is high due to news or other key occurrences, as the company guarantees and claims 100% if anything goes wrong.
License
IUX Markets Limited is the company behind the website IUXMarkets.com. They are a registered and authorized dealer of foreign exchange securities with the Financial Services Commission, located at Suite 305, Griffith Corporate. Centre, Kingstown, St. Vincent, and the Grenadines, and given the registration number 26183 BC. Moreover, IUX Markets Limited. has a Registration ID of 0549829 with the US National Futures Association (NFA), a trading authority that regulates derivatives brokers and numbered futures markets.
Account Types of IUX Markets
IUX Markets offers four types of real accounts: Standard, Standard Bonus, Cent, and ECN, along with one demo account.
Standard
The Standard account has the lowest possible spreads. IUX Markets offers an average spread of 0.2 pips on the EUR/USD pair, with no swap and trading fees. The IUX Markets Low Spreads account is a very liquid market with near-instantaneous trade execution. It’s tailor-made for active traders, short-term and long-term, and experienced advisors.
Standard Bonus
IUX Markets’ Standard Bonus Account is second to none regarding the execution speed. Add to that the fact that IUX Market’s regular account’s spreads begin at just one pip and that they use Equinix NY4 servers in New York and a network of up to 25 pricing providers, and it becomes clear why they can provide their clients a truly remarkable trading experience, 24 hours a day, every day.
ECN
There is no competition when you open an ECN Account with IUX Markets. In addition to regular brokerage accounts, IUX Markets provides customer service ECN accounts for those who prefer greater control over their trades and a more reliable pricing feed. With spreads as low as 0.0 pips and fast order execution, customers can trade instruments as fast as possible. In addition, IUX Markets charges a commission of only $3.5 per trade, a meager fee.
Cent
Any trading strategy can use an account for novice traders with fewer initial deposits. When trading, you are free to employ any method you consider appropriate—more opportunities to win while still enjoying the same low spreads as the Standard account.
Deposit & Withdrawal
IUX Markets has improved its present deposit and withdrawal options by adding up to 19 different opportunities.
After verifying the bank account, you’ll see a withdrawal window where you may enter the required amount in dollars; this process takes only a few minutes to withdraw.
This broker promises instantaneous deposits and withdrawals. After testing the deposit, our team discovered that funds were available in their trading account within a minute. Therefore, it can be determined that IUX Markets is provided a beneficial service for their clients.
Products in IUX Markets
In particular, IUX Markets caters to the foreign exchange market. Here are instruments that you can trade as follows;
- Forex trading
- Futures trading
- Cryptocurrencies CFDs
- Spot indices trading
- Share & Stock trading
- Precious metals trading
- Trade CFDs on Energies
In addition to Forex trading, IUX Markets offers various services for trading other instruments.
Trading Platform
MetaTrader 5 is one of the platforms that be used for trading on IUX Markets. The MetaTrader5 platform is the most widely used among IUX Markets trading platform and comes with a guarantee of efficiency and low costs.
IUX Markets also provides other trading platforms, WebTrader5, which is also helpful for their clients.
Fees
IUX Markets will charge fees depending on the account types, starting at 0.0 Pips.
On the Standard, Standard Bonus, and Cent accounts, there is no commission for the trading instruments, while the ECN account has a commission of $1.75 per lot per side.
However, even though the ECN account is the only account with a commission fee, this account has a spread starting at 0.0 Pips, which is reasonable.
Promotions
$30 deposit bonus for the first deposit
A $30 bonus is available to new traders making their first deposit with IUX Markets. Simply deposit IUX Market, and they’ll double your deposit, up to $30, with a Standard or ECN account. In addition, new traders can get started with IUX Markets with a ten-dollar warranty. So, if you put in $10, you’ll immediately have $40 in your account, thanks to the initial $30 bonus.
35% deposit bonus
A maximum 35% bonus will be credited to us whenever you deposit to your IUX broker account, so if you deposit $100, you will receive $30 immediately. Only Standard Bonus accounts are eligible for this offer.
Lot Back Program
You can reinvest your Credit or Balance by using the Lot Back service. It has a low spread relative to bonuses and can be traded frequently (average level 3 returns $9 for each traded lot). Please note that (1 Point = $1 credit or $0.5 cash) this requirement only applies to Standard accounts.
How to trade on IUX Markets
1: Log in, or open an account at IUX Market.
2: Complete the information form
3: Our email verification process will lead us to this page.
4: Your account is invalid unless you confirm it using an email address.
5: Return to the homepage and sign in there. Sign in, then decide what kind of account you want to create.
6: Fill in your investment details. You can set the leverage, trading password, and investor password on this page.
7: Now, you are ready to trade.
Customer Service
- Live chat is available 24/7.
- Email notification of important events is noticed all the time.
Pros
- Spreads are tight (between 0.2 and 0.5 pips), and there are no swap fees.
- Withdrawals and deposits can be made quickly, and no fees
- First-time deposits get a $30 bonus and 35% extra on top of their first investment.
- Live chat is available 24/7.
- Standard (Bonus) Accounts can leverage up to 1:1000, and Standard accounts can leverage up to 1:2000.
- Participate in the currency exchange market using the widely used MetaTrader5 (MT5) software.
Cons
- The IUX Markets rarely advertises.
- Not focusing on IB
To sum up, the above is all the information we have about the IUX Markets broker for those seeking a trading broker. We hope it’s an excellent resource for investors to everyone’s benefit. IUX Market is a leading low-spread Forex broker that gives its customers access to various financial markets. Traders can access the platform from any computer or mobile device due to its popular MetaTrader5 trading platform. In addition, there is a welcome bonus for first-time traders. Nonetheless, additional low-spread brokers who make it simple to trade are available. However, since there is always the possibility of losing money when trading, you should consider its features carefully before you decide to trade with them.
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