IUX Markets Limited was founded in February 2021 and taken over by its current team in March 2024; a new domain, iux.com, was registered in parallel. IUX offers a few options for CFD trading: currencies, cryptocurrencies, indices, commodities, and stocks. "Experience premium trading, enjoy better offers" is the slogan of this platform, meaning an attempt to provide high-quality trading services.
Trading Platform and User Experience
IUX claims to provide two trading platforms: the IUX app and MetaTrader5. On the other hand, though, some download troubles are present with the iOS and Android clients, links not opening easily, and therefore trading can be possible only on a web terminal. Obviously, this affects convenience and overall experience for mobile users.
Demo Accounts and Educational Resources
IUX provides demo accounts for its traders, which can be quite useful and helpful for first-time traders to learn how to trade with absolutely no risk. IUX offers online educational resources on trading knowledge and investment techniques to help users improve their trading skills. These are good introductory support for a novice but might be a little too basic for the veterans.
Regulation and Compliance
According to its official website, IUX says it has obtained the following licenses:
Financial Services Commission of Mauritius (FSC), Investment Dealer License Number GB22200605A.
Financial Sector Conduct Authority of South Africa (FSCA), FSP Number 53103,.
Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), Registration Number 26183 BC 2021.
Indeed, investigation has confirmed that information is valid and true, but investors are advised to invest with caution as most of the regulatory jurisdictions of the platform are offshore.
Account Types and Trading Conditions
IUX Markets offers its clients a choice of four different account types:
Standard: The minimum deposit is $10; spreads from 0.2 pips; no commission; leverage up to 1:3000; stop-out level-0%; margin call level-30%.
Standard+: The minimum deposit starts at 10$; spreads start from 0.5 pips; commission is not charged; leverage goes up to 1:1000; stop-out level-35%; margin call level-50%; deposit bonus is 35% and 25%.
Raw: $500 minimum deposit, spreads from 0 pips, commission $6, leverage up to 1:3000, stop-out at 0%, margin call at 30%.
Pro: minimum deposit is $500, spreads from 0.1 pips, no commission, leverage up to 1:3000, stop-out level 0%, margin call level 30%.
Each of these account types is designed to be flexible for different levels of traders, but users should select an account type that best fits their level of risk tolerance and trading needs.
Payment Methods and Customer Support
IUX provides multiple channels through which payments are made, including bank transfers, ewallets, and crypto. In addition, these provide flexibility when depositing or withdrawing money. Customer support is available via email and phone. For social networks, one may get customer support on Facebook, Twitter, Instagram, LinkedIn, and YouTube. How efficient the support is and what response time is, is not certain.
Website Traffic
The current state of IUX in terms of traffic is relatively weak, standing at about 319 monthly average visits according to Ahrefs. Most of the traffic originates from Thailand, with 38.2%, followed by Malaysia and India at 21.5% and 18.0%, respectively. These figures suggest that IUX enjoys some following in certain Asian countries, though the general user base remains very limited.
The website traffic analysis of IUX on Semrush stipulates its monthly organic search traffic at 223, with a majority being from the United States and negligible visits from other countries. In total, there are 13.8K backlinks adding to the credibility of the site in search engines. However, the general organic traffic, added to the low website authority score of 32, signals that some brand awareness and marketing have to be done. IUX needs further development in respect of content optimization and resources to expand an audience.
Summary
While this CFD broker has various trading instruments and types of accounts, it should therefore target a large segment of traders. On the other hand, incomplete functionality of its mobile platform, poor brand exposure, and only primary offshore registrations may dent user experience and user trust in general. An investor, while choosing IUX, should cautiously consider the regulatory information, account terms, and trading experience to opt for further options of investment.
