IUX Market-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

IUX Market was established in London in 2016 as a provider of online CFD trading services, offering more than 350 tradeable CFD instruments including Forex, Shares, Indices and Commodities. IUX Market does not fall under any regulatory agency. Please be aware of the risk!

Markets Instruments

Traders can trade more 250 instruments with IUX Market, including CDFs on forex currency pairs, shares, Futures, Spot Indices, Spot Metals and Spot Energies.

Minimum Deposit

There are three real trading accounts on offer: Standard Bonus, Standard and ECN accounts. The minimum initial deposit for the Standard account is only $, which is to our surprise. And the requirement for the ECN account is $200. Although the account opening amount required by this broker seems reasonable, traders should get away from it given the fact that IUX Market is unregulated.

Leverage

The maximum leverage available at IUX Market is said to be as high as 1:10100. Unregulated brokers always offer generous trading leverage to attract new traders.

Since margin trading is full of risks, inexperienced traders are not advised to use high leverage.

Spreads & Commissions

Spreads and commissions vary depending on different trading accounts. The spreads in the Standard Bonus account start from 0 pip, with no commission charged. The spreads in the Standard accounts are from 0.2 pips, no commissions. ECN requires a commission of $3.5 (round turn) per lot with its spreads from 0 pip.

Trading Platform Available

IUX Market offers the MetaTrader 4 and MetaTrader 5 applications on the Windows. These applications will provide Traders can access the account wherever they want. Our MetaTrader mobile application uses many advanced Windows features such as changing landscape to portrait. (Handset rotation) In addition, the MetaTrader mobile application also provides trading functions with just one click.

Deposit& Withdrawal

As possible payment options IU Markets mentions Skrill, bank wire transfers and bitcoins, but because we were not able to verify that, and because we are dealing with an outright scam anyway, here you may check as well our list of brokers, where you can pay with your VISA or MasterCard for sure. The minimum deposit and withdrawal amount is 3 $. Deposits and withdrawals can take up to 24 business hours to be processed.

Customer Services

IUX Market offers 24/7 customer support. There is also a “FAQ” section for most common questions traders would normally ask this broker or consider to ask before an account with it.