IUX is a multi-jurisdiction FX/CFD broker with a fast-growing profile and an active marketing footprint. It operates several entities, including an Australian arm licensed by ASIC and offshore companies that serve most retail clients. The mix can be confusing for new traders. So this review focuses on one thing: safety and fairness relative to peers. Using our methodology (see end), we start with regulation, layer in execution quality, weigh client feedback, and add staff insight.
Our bottom line upfront: Bronze Standard. IUX clears key regulatory hurdles thanks to an Australian license, but most clients onboard through mid-shore or offshore entities with lighter safeguards. Execution is competitive on paper, while client reviews are mixed but improving. Transparency still has room to grow.
Regulation & Safety
Who regulates IUX? The group discloses three primary authorizations:
- Australia (Tier 1): IUX Markets AU Pty Ltd holds an Australian Financial Services Licence (AFSL 529610). An ASIC extract confirms status as current, with ABN 24 160 411 825 and a Sydney address. Note the website itself says this Australian entity does not operate under iux.com.
- South Africa (Tier 2): IUX Markets ZA (Pty) Ltd is authorized by the FSCA, FSP 53103. IUX lists this on its site and help center. The FSCA provides a public FSP search portal for verification.
- Mauritius (Tier 3): IUX Markets (MU) Ltd holds an FSC Mauritius Investment Dealer licence GB22200605 (Full Service Dealer, excluding underwriting). IUX provides the number across its pages; the FSC keeps a “Register of Licensees” for checks.
In addition, IUX Markets Limited is incorporated in St. Vincent & the Grenadines under company no. 26183 BC 2021. SVG registration is corporate incorporation, not investment regulation, and the jurisdiction itself clarifies that companies registered there are not licensed for forex dealing.
What the tiers mean
Under our framework, ASIC is Tier 1, FSCA is Tier 2, and FSC Mauritius is Tier 3. Tier level matters because leverage limits, client-money rules, and enforcement strength vary. Tier 1 regulators like ASIC impose retail leverage caps (e.g., 30:1 for major FX), margin close-out, product intervention powers, and strict audits. Tier 2 offers meaningful oversight but lighter retail product controls. Tier 3 provides basic licensing with higher permitted leverage and fewer standardized client protections.
Which entity will you get? IUX’s Australian license is a positive signal; however, the broker states the AFSL entity is not operating via the main site, and several sources note that it has limited availability for new clients. Many retail traders will onboard via South Africa or Mauritius, or the SVG company for purely corporate registration. That mix reduces the baseline protection most first-time traders assume when they read “ASIC-regulated.”
Client protections
- Segregated funds: Required under ASIC rules; Mauritius and South Africa also set client-money requirements, though frameworks differ by jurisdiction. IUX highlights segregation in its legal pages.
- Leverage: IUX advertises leverage up to 1:3000 outside Tier 1. This is far above ASIC limits and increases risk for beginners.
- Negative balance protection: Typically embedded under ASIC and common among global brokers, but availability depends on the entity and product set; IUX’s pages emphasise risk controls but do not present a uniform, jurisdiction-wide statement in one place. Always check the account’s legal docs before trading.
- EDR scheme: IUX became a member of The Financial Commission (an external dispute resolution body) in November 2024. Membership includes access to a €20,000 per-complaint compensation fund. This improves recourse for clients when local statutory routes are limited.
Regulatory verification pointers
- ASIC AFSL extract for IUX Markets AU Pty Ltd is posted and aligns with ASIC’s public registers.
- The FSCA hosts a live FSP search tool you can use to check number 53103.
- The FSC Mauritius “Register of Licensees” page allows confirmation of GB22200605.
Safety take: On regulation alone, IUX spans Tier 1/2/3. That breadth is common in global FX but creates uneven protection. If your account is not under ASIC, expect higher leverage and looser product intervention, which pushes risk higher for new traders.
Trader Reputation & Market Presence
Public reviews. Trustpilot shows an active review profile with many positive comments about fast withdrawals and low spreads. That said, third-party moderation notes and invited-review flags mean readers should treat any single comment cautiously. We also see complaints about withdrawal delays on forums. A balanced view is that experiences vary by client and region.
Media and scrutiny. In 2024, IUX entered English football sponsorship with Fulham. Soon after, journalists questioned the authenticity of LinkedIn “employee” profiles linked to the firm. IUX said it did not employ people in the U.K. and promised action against misrepresentation. While a tabloid led the coverage, the episode raised transparency questions that are relevant for retail clients assessing trust.
Industry coverage. Independent broker reviews in 2025 describe IUX as a growing MT5 broker with competitive pricing on some accounts, but limited research/education and a basic proprietary app. Some outlets also note that the ASIC entity isn’t open to new clients, which we consider material context.
Dispute-resolution signal. Membership in The Financial Commission adds an extra avenue for complaints where local regulation provides no retail EDR. That does not replace a Tier-1 ombudsman but is better than no structured recourse.
Reputation take: Sentiment is mixed-to-positive on service and spreads, but recurring themes include occasional withdrawal friction and questions over corporate presentation. This pattern anchors our middle-of-the-pack reputation score.
Strengths & Weaknesses
Strengths
- Multi-entity footprint with a Tier-1 license (ASIC). A meaningful credibility anchor, even if not used to service most website clients.
- Competitive pricing on select accounts and MT5 support; simple mobile app for on-the-go trading.
- Low entry point (industry-typical $10 minimum) that suits test-driving the platform.
- Financial Commission membership with a defined compensation fund up to €20,000 per complaint.
Weaknesses
- Entity mismatch risk: Many clients are onboarded via Tier 2/3 entities, not ASIC. Protections differ, and leverage can reach 1:3000. Beginners can over-risk quickly.
- Sparse execution transparency: We found no audited, regulator-filed fill-speed or slippage reports. Claims exist in marketing and some reviews, but verifiable RTS-style datasets are not published.
- Mixed client reports about withdrawal timing on forums; not systemic but persistent at Forex Peace Army.
- Past PR noise around sponsorship and online profile hygiene. Not a direct trading risk, but relevant to brand trust found at The Sun.
Overall Verdict
Band: Bronze Standard.
Here’s why. Our methodology gives regulation the heaviest weight. IUX’s ASIC AFSL is a major positive. Yet the operating reality for most retail sign-ups—South Africa, Mauritius, or an SVG corporate shell—lowers the baseline protections. Execution looks competitive in spreads and platform choice, but hard data on slippage, re-quotes, and downtime is thin. Reputation skews cautiously positive, offset by scattered complaints and a 2024 sponsorship controversy.
Who might IUX suit?
- Traders in emerging markets who want MT5, tight spreads, and high leverage—and who understand the risk of non-Tier-1 oversight.
- Cost-sensitive users who value low minimums and simple funding workflows.
Who should look elsewhere?
- First-time traders who want uniform Tier-1 protections, lower default leverage, and regulator-mandated EDR.
- Traders who require audited execution metrics and deep research.
Within its band, IUX compares well on price and tools but trails Gold/Silver peers on regulatory clarity and transparency.
Expert Review Notes (Staff Insight)
- Onboarding clarity: Support teams respond quickly, yet entity routing is not always obvious from the first screens. We recommend IUX show the governing entity on the account-open page before users submit KYC. (Staff test interactions; policy pages.)
- Risk messaging: Marketing highlights low spreads and bonuses across third-party sites. Risk-focused messaging could be stronger for new clients trading with >200:1 leverage. (Sampling across official and affiliate pages.)
- Data transparency: Publishing a quarterly execution-quality dashboard (median fill times, slippage buckets, peak-hour uptime) would lift IUX toward Silver under our scoring. (Methodology requirement for higher execution marks.)
- EDR use-case: The Financial Commission membership is a practical addition for non-Tier-1 accounts. We urge IUX to place complaint-flow links in the client portal so users can escalate smoothly.
