IUX Markets Review 2023

[pysong]

IUX Markets offers competitive trading costs through the MT5 platform and advertises swap-free trading. It established itself as a leading algorithmic Forex broker, where algos account for 60% of all trades. Low latency order execution with average times below 30 milliseconds and high leverage makes it an ideal choice for scalpers and high-frequency traders. I conducted an in-depth review of this broker to evaluate the competitiveness of its trading environment. Should you trade at IUX Markets?To get more news about iux markets review, you can visit wikifx.com official website.

Is IUX Markets Legit and Safe?

IUX Markets is an unregulated but duly registered Forex broker in St. Vincent and the Grenadines. It is registered as an international business company (IBC), company registration number 26183, with the financial regulator, the Financial Services Authority (FSA), which doubles as the business registrar, but does not regulate Forex brokers.
Operational since 2016, IUX Markets amassed 180,000+ traders and has a clean track record. While St. Vincent and the Grenadines Forex brokers pose an exception to the regulated rule, I would like to see IUX Markets taking the additional step of ensuring client protection. It should offer third-party insurance protecting client deposits in case of default or obtain membership with the Hong Kong-based Financial Commission, delivering protection in line with Tier 1 regulators.

IUX Markets notes registration with the US National Futures Association (NFA) but is not an NFA member. Therefore, the NFA does not regulate its business activities, as confirmed by IUX Markets not accepting US-based traders.The commission-free pricing environment at IUX Markets shows minimum spreads between 0.2 pips and 0.5 pips or $2.00 to $5.00 per standard round lot, with the average around $5.00 or $1.00 cheaper versus many competitive offers. IUX Markets offers a commission-based alternative with access to raw spreads of 0.0 pips for a commission of $7.00 per round lot, resulting in competitive trading fees.

Here is a screenshot of IUX Markets quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

The maximum IUX Markets leverage for Forex traders is 1:3000 in the commission-free account and 1:1000 in the bonus alternative, but it is asset-dependent and can decrease. IUX Markets provides traders with a high-leverage offer. Negative balance protection exists, meaning traders cannot lose more than their deposits.

IUX Markets features one commission-free account, one commission-based account, a dedicated bonus account, and a cent account for beginners and strategy testers. The minimum deposit of $10 ensures maximum availability, and the $200 for the Raw Account option is acceptable. The commission-free account shows lower trading costs on paper, but the Raw Account delivers cheaper fees in live market conditions considering average spreads. Either choice ensures that traders manage portfolios with ultra-low costs, low latency, fast order execution, and minimal slippage.