IUX Market Regulation and Compliance – What You Need to Know
IUX Market Regulation and Compliance
IUX Market is a Forex broker that serves local Asian markets and primarily caters to trader needs for cryptocurrency, bank wires, and credit/debit cards. Its core trading platform is MetaTrader 5, which is used by algorithmic traders and provides a low latency, high-frequency trading environment. The firm offers a range of liquidity providers and a variety of order types to deliver fast, efficient execution.
Traders can open accounts in a wide range of currencies at iux market, including USD, EUR, GBP, AUD, and SGD, among others. They may also deposit and withdraw in cryptocurrencies and use a number of online banking solutions, such as Skrill, Neteller, and a handful of local Asian banks. Traders must be verified and can only deposit or withdraw money within five to ten minutes, depending on the payment processor.
The minimum deposit at IUX Market is $10, and the maximum is $500 in ECN accounts. Traders can deposit funds through bank wires, credit/debit cards, and several online banking services. IUX Market does not charge any internal fees, but third-party charges apply for withdrawals and deposits. Traders can transfer funds between accounts using their wallets without any fee, and a multi-language customer support team is available 24/7.
IUX Market Regulation and Compliance – What You Need to Know
In terms of trading costs, IUX Markets offers spreads up to 50% cheaper than its competitors. It maintains a competitive trading environment for core traders, with 25+ liquidity providers and fast order execution, low latency, and minimal slippage.
With its wide array of trading instruments, IUX Markets caters to a diverse spectrum of traders. It offers a selection of liquid blue-chip stocks, indices, commodities, bonds, and cryptocurrencies, as well as currency pairs.
A competitive core trading environment and low trading costs are IUX Markets’ most attractive strengths, especially for algorithmic traders who account for 60% of all trades. The platform delivers a low latency, fast order execution environment that is ideal for scalpers and high-frequency traders.
While IUX Markets does not offer in-house research, it sources third-party research from respected publications such as Reuters, Bloomberg, and Financial News. This is not a negative, but it does create a gap in the services offering versus well-rounded brokers.
I would prefer to see IUX Markets become regulated, so it can provide clients with the protection that Tier 1 regulators offer. This can be accomplished by obtaining membership with the Hong Kong-based Financial Commission or by offering third-party insurance that protects client deposits in case of default.
IUX Market is a Forex broker registered in St. Vincent and the Grenadines with company registration number 26183. It is not a US National Futures Association (NFA) member and does not accept US-based traders.