IUX Review: Fast Execution for Algo Trading

Daniel Meyer, 7 min read
Last Updated: 27 June, 2024

IUX markets review

I’ve tested and reviewed various brokers and I can say that IUX stands out in several ways. With an average execution time of just 30 milliseconds, they are pretty much unmatched in the industry right now. For those of us engaged in latency-sensitive arbitrage and other high-frequency strategies, this sub-100ms speed is simply outstanding.

I’ve personally run numerous tests on their platforms, proprietary and MetaTrader 5, and can validate their claims. Over multiple trial runs, involving hundreds of orders, I found virtually no degradation in execution times even during peak trading hours.

But with high speeds comes high risks if you don’t know what you’re doing. IUX.com offers up to 1:3000 leverage. Retail traders must take this with caution, although for professional algorithmic traders it opens up some interesting opportunities.

However, it is important to note that IUX is currently only available to clients in Asia. An European launch is anticipated in the future, however at present retail and institutional investors in the EU cannot open accounts with IUX. This offering remains restricted to Asian clients.


Asia's choice
IUX logo
Broker

ecoinomy average rating:

8.7/10

CFD Assets Stocks, Forex, Indices, Forex, Commodities, Crypto
Max Leverage Up to 3000:1
Trading Fees Spread 0-0.5 pips, commission $3
Regulations Financial Sector Conduct Authority (FSCA) in South Africa, FSP No. 53103, LFSA Labuan Financial Service Authority (Malaysia), No. LL18105
Cryptocurrencies 15+ BTC, ETH, LTC, BCH, UNI, BNB, XTZ, DOT, ADA, SOL, BAT, TRX, XMR, ATOM, AVA
Payment Methods Visa, MasterCard, Skrill, Neteller, Crypto, Thai QR
Number of Users 220k+
Eligible Countries thailand flagThailand, phillipines flagPhillipines, myanmar flagMyanmar, malaysia flagMalaysia, india flagIndia, laos flagLaos, indonesia flagIndonesia, vietnam flagVietnam

Safety

Fees

Ease of Use

Customer Service


Start here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.83% of retail investor accounts lose money when trading CFDs with this provider.


Eligible Countries

The broker has expanded its coverage to serve to a broader customer base across Southeast Asia and beyond. According to the latest information, the broker now offers its trading platform and services to residents of the following nine countries:

  • Thailand
  • Philippines
  • Myanmar
  • Malaysia
  • India
  • Laos
  • Indonesia
  • Vietnam

Who is IUX suitable for?

Algorithmic and high-frequency traders

With 60% of its daily trades executed by algorithms, IUX suits well traders using automated strategies. The platform’s low-latency order execution (average times below 30 milliseconds) and deep liquidity pools facilitate rapid position sizing and risk management, making it ideal for high-frequency trading and scalping.

Traders seeking a platform with better spreads and fees

IUX.com offers raw spreads which start from 0.0 pips (on Raw Accounts) coupled with a commission of $3 per lot per size. The broker also provides swap-free trading options and positive swap rates on qualifying short positions, benefiting traders financially for holding trades overnight.

Traders requiring high leverage

IUX provides leverage options up to 1:3000, adjustable based on the asset and account type. This high leverage allows traders to control larger positions with smaller capital outlays.

Spreads and Commissions

IUX offers commission structures suited for algorithmic and high-frequency traders. The broker provides tight spreads starting from 0.0 pips on its Raw account, with a commission of $3.

Standard+ accounts feature spreads from 0.5 pips with no additional commissions. IUX’s fee structure includes swap-free options and generally low swap fees, appealing to a wide range of trading styles.

The platform does not charge inactivity fees, which adds to its attractiveness for intermittent traders. While deposit and withdrawal fees are not imposed by IUX, traders should be aware of potential intermediary bank charges.

This competitive fee environment, combined with high leverage options up to 1:3000, positions IUX as a cost-effective choice for volume-sensitive trading strategies.

Security and Regulation

IUX operates under the regulatory oversight of several authorities, that includes the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 53103 and LFSA Labuan Financial Service Authority (Malaysia), No. LL18105 and FSC MU.

The broker is a registered international business company (IBC) in St. Vincent and the Grenadines, with registration number 26183 BC 2021, though this jurisdiction does not actively regulate forex brokers. IUX.com claims to prioritize client safety and regulatory compliance, the lack of regulation from western financial institutions raise concerns for some investors.

Additional Features and Protections

IUX offers several additional features and protections to improve the trading experience and safeguard clients’ interests:

  • Negative balance protection ensures that traders cannot lose more than their deposited funds and prevents accounts from going into a negative balance due to sudden market changes.
  • Swap-free trading is available for all account types. It allows traders to avoid overnight charges on most instruments for stress-free trading.
  • The broker maintains strict privacy policies to protect clients’ personal data and financial information, while also enforcing anti-money laundering (AML) and counter-terrorism financing regulations to prevent criminal activity.
  • IUX provides detailed risk warnings to help clients stay aware and offers a client agreement that defines the rights and responsibilities of both the broker and its clients, which shows transparency.

It is to notice that the broker’s regulatory oversight from the FSCA in South Africa and Malaysia add some level of protection, still there is lack of regulation from EU, UK and US authorities.

Payment Methods Available with IUX Broker

IUX offers a variety of payment methods for depositing and withdrawing from their accounts. For flexibility and convenience to traders, let’s list the available options:

Credit and Debit Cards:
VISA MasterCard

E-wallets:
Skrill Neteller

Cryptocurrencies:
BTC-Coin-IconBTC cryptocurrency logoLTC cryptocurrency logoETH cryptocurrency logo

 

Bank Transfers:
Traders can deposit and withdraw funds via bank wire transfers, which may take longer to process compared to other methods.

Thai QR Payment:
Thai traders have Thai QR Payment available – a convenient local payment option.

The minimum deposit and withdrawal amounts vary and depends on the payment method used. For most options, the minimum deposit is set at $10.

Withdrawals requests are typically all processed within 24 hours.

High Leverage Options

IUX offers traders access to high leverage options, that goes with flexibility in position sizing and risk management. The following table outlines the key leverage details available on the platform:

Account type Leverage
Standard Up to 1:3000
Standard+ Up to 1:1000
Raw Up to 1:3000
Pro Up to 1:3000
Negative Balance Protection Available, limiting losses to deposited funds

High leverage is suitable for scalpers, high-frequency traders and those employing algorithmic strategies.

The 1:3000 leverage option is notably high compared to many competitors, and allows traders to control larger positions with smaller capital outlays. However, it’s useful to note that leverage levels depend on the specific financial instrument being traded and the type of account used.

The platform’s leverage structure is designed to accommodate both retail and professional traders. The maximum 1:3000 leverage is available on standard accounts, the raw account option offers leverage up to 1:1000, which is still considerable for most trading strategies. This tiered approach allows traders to select leverage levels that align with their risk tolerance and trading styles.

IUX implements negative balance protection, an important risk management feature that prevents traders from losing more than their deposited funds. This safeguard is particularly relevant for using high leverage, as it reduces the risk of significant losses beyond a trader’s account balance.

It’s always worth to mention that while high leverage amplifies potential profits, it also increases the risk of substantial losses. Traders, especially those new to leveraged trading, should approach these high leverage options with caution to protect their capital.

Account Tier Differentiation

iux logo

IUX offers several account types to cater to different trading preferences and styles. Here’s an overview of the main account options available:

Standard Account

  • Spreads from 0.2 pips
  • Commission $0 per lot per size
  • Maximum leverage up to 1:3000
  • Minimum deposit of $10
  • $30 bonus

Standard+ Account

  • Spreads from 0.5 pips
  • Maximum leverage up to 1:1000
  • Commission $0 per lot per size
  • Minimum deposit of $10
  • Deposit bonuses up to 35% available

Raw Account

  • Spreads from 0.0 pips
  • Commission $3 per lot per size
  • Maximum leverage of 1:3000
  • Minimum deposit of $500

Pro Account

  • Raw spreads from 0.1 pips
  • No commission
  • Maximum leverage of 1:3000
  • Minimum deposit of $500

IUX also offers demo accounts for testing strategies without time limits. The broker provides Islamic (swap-free) options across account types to accommodate traders with religious restrictions.

MT5 Algorithmic Trading Powerhouse

IUX implemented the advanced MetaTrader 5 (MT5) platform for trading, which provides a powerful and feature-rich environment for traders of different levels. Let me point out some notable aspects of MT5 on IUX.com:

  • Extensive charting capabilities with 21 timeframes and 80+ pre-installed technical indicators and analytical objects
  • Algorithmic trading support through the MQL5 programming language, that allows traders to develop, backtest, and deploy custom trading robots
  • One-click trading functionality for rapid order execution
  • Integrated economic calendar for tracking high-impact news events
  • Market depth (DOM) and real-time price streaming for in-depth market analysis
  • Customizable alert system for price levels, indicators, and market events

MT5’s advanced features align well with IUX focus on algorithmic trading and high-frequency strategies. The platform’s high-performance architecture ensures fast and trustworthy trade execution, with average speeds of just 30 milliseconds.

The observed low-latency environment is relevant for traders with time-sensitive algorithms and scalping techniques.

Another advantage of MT5’s multi-threaded strategy is that it allows traders to efficiently backtest and optimize their trading systems using historical data.

The platform’s built-in MQL5 community provides access to a wide range of pre-built indicators, scripts, and Expert Advisors, to further extend its capabilities.

IUX has the MT5 platform across multiple devices, that’s desktop, web, and mobile versions. Their cross-platform compatibility allows traders to access their accounts and manage positions from any location.

The combination of MT5’s advanced trading features with IUX’s competitive trading conditions, such as raw spreads from 0.0 pips and leverage up to 1:3000, allows traders to create an efficient trading environment customized to their specific needs and strategies.

Demo Account

iux demo account
Screenshot

IUX offers demo accounts that allow traders to familiarize themselves with the broker’s trading platforms and test their strategies in a risk-free environment. The demo accounts provide access to the same features and tools as live trading accounts, enabling traders to gain practical experience before committing real fundsKey features of the demo accounts include:

  1. Unlimited duration: Traders can use the demo account for as long as they need to refine their skills and strategies, without any time restrictions
  2. Multiple platforms: Demo accounts are available on both the MetaTrader 5 (MT5) platform and IUX proprietary web and mobile trading applications
  3. Real-time market data: Demo accounts provide live price feeds and market conditions, allowing traders to experience realistic trading scenarios
  4. Virtual funds: Demo accounts are loaded with virtual currency, enabling traders to practice risk management and position sizing without risking real capital

To open a demo account with IUX.com, traders can follow these steps:

  1. Visit the IUX website and navigate to the “Demo Account” section
  2. Fill out the registration form with the required personal information and account preferences
  3. Download and install the relevant trading platform (MT5 or IUX proprietary platform)
  4. Log in to the demo account using the provided credentials and start exploring the platform’s features and testing trading strategies

By offering demo accounts with comprehensive features and flexibility, IUX enables traders to gain valuable hands-on experience and build confidence in their trading abilities before transitioning to live trading

Customer Support Channels and Efficacy

IUX offers several customer support channels, but there might be some limitations to notice:

IUX notes 24/7 customer support, but only phone and e-mail assistance are available. Live chat doesn’t appear to be active as of yet, although there is a FAQ section, where IUX tries to answer most questions.

A direct phone number and phone support are available I was able to reach them on this phone +357 25247681

Customer support is available via e-mail 24/7, with Thai and English language support. Traders can also reach out to IUX through their Facebook page or Instagram, where the broker regularly publishes about new features and promos.

Some user reviews on Trustpilot indicate mixed experiences with IUX’s customer support, with a few users reporting slow response times or unresolved issues.

IUX Review 2024: Is The Broker Right for You?

Based on my broker review, IUX.com turns out to be a suitable choice for traders looking for competitive trading conditions and for those with focus on algorithmic trading. The broker offers fast execution speeds, averaging around 30-60 milliseconds, and high leverage options up to 1:3000 through its FSCA-regulated entity.

This combination of low latency and high leverage makes IUX an attractive option for scalpers and high-frequency traders.

However, traders should carefully consider the broker’s regulatory status and somewhat limited asset diversity before opening an account. IUX is regulated by the FSCA in South Africa and LFSA in Malaysia, but still this is considered second and third-tier regulators.

The lack of oversight from top-tier EU, US and UK authorities makes it still unavailable for traders from these geos.
With over 200 tradable CFD assets, including forex, indices, commodities, cryptocurrencies, IUX offers a modest selection compared to some larger brokers.

In conclusion, IUX is a good fit for traders prioritizing fast execution, high leverage and algorithmic trading. However, those seeking the highest levels of regulatory protection in the EU, US or UK or an extensive range of tradable assets might prefer to explore other options.

Love using IUX? Rate their app on the App Store and Google Play to help them improve your trading experience. Click below to leave your feedback and let them know how they’re doing.

Daniel Meyer

Daniel was specifically recruited by Ecoinomy for his high-level expertise in crypto trading platform analysis. With a solid background in blockchain technology and a track record of successful trading, he offers precise, insightful reviews. His approach combines technical knowledge with practical experience, providing valuable, clear guidance for serious investors. Daniel's work is an essential resource for understanding the nuances of various trading platforms, making him a key figure in Ecoinomy's commitment to top-tier cryptocurrency education.