Introduction to IUX Markets:
IUX Markets is a Forex and CFD broker founded in Saint Vincent and the Grenadines in 2021, with its headquarters in Limassol, Cyprus, and a branch in Kuwait. The IUX Markets official website claims the company was established in Saint Vincent and the Grenadines in 2016 under the entity IUX Markets Limited, with a registration number of 26183. However, according to the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) records, IUX Markets' registered year is 2021, suggesting false advertising regarding the company's establishment duration.
A Whois search reveals that the IUX Markets domain name was registered on July 24, 2021.
Is IUX Markets Compliant and Legal? Does it hold the necessary financial regulatory licenses?
IUX Markets is not regulated by any regulatory authority. The services provided by this broker come with a higher level of risk. Investors should exercise caution when considering IUX Markets' services to protect their financial security and investor rights.
Trading Instruments Offered by IUX Markets:
According to the IUX Markets official website, the broker offers trading services for financial assets such as indices, futures, energy, and precious metals.
Trading Software Provided by IUX Markets:
IUX Markets offers the Metatrader 5 (MT5) trading platform to investors. MT5 is compatible with various devices, including PC (Windows/MacOS), web-based platforms, and mobile devices (IOS/Android).
Fund Security:
IUX Markets has not disclosed any third-party fund regulation information on its official website, raising concerns about the security of users' funds.
Deposit and Withdrawal Channels:
IUX Markets' website offers online banking, credit cards, debit cards, and Skrill as deposit and withdrawal methods. International banking institutions may charge certain fees. Credit card and debit card withdrawals are generally free, with a typical processing time of 3-5 business days.
Leverage Ratio:
IUX Markets has publicly disclosed a leverage ratio of 3000:1, whereas most compliant brokers offer leverage ratios typically in the range of 10-100:1.
Summary：
IUX Markets is an unregulated Forex broker. It has not provided any key information regarding user fund security. IUX Markets is listed as "suspected scam" on TraderKnows. We suggest readers to avoid IUX Markets due to its high-risk nature and protect their personal financial assets from potential losses.
