Logo

IUX Markets Trading Platform Review: High Risk (Suspected Scam)

TraderKnows
TraderKnows
2023-11-07

IUX Markets is a forex trading platform established in Saint Vincent and the Grenadines in 2021. This article provides a comprehensive evaluation of IUX Markets, covering aspects such as regulatory licenses, trading instruments, trading software, fund security, deposit and withdrawal methods, and leverage ratios.

Introduction to IUX Markets:

IUX Markets is a Forex and CFD broker founded in Saint Vincent and the Grenadines in 2021, with its headquarters in Limassol, Cyprus, and a branch in Kuwait. The IUX Markets official website claims the company was established in Saint Vincent and the Grenadines in 2016 under the entity IUX Markets Limited, with a registration number of 26183. However, according to the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) records, IUX Markets' registered year is 2021, suggesting false advertising regarding the company's establishment duration.

A Whois search reveals that the IUX Markets domain name was registered on July 24, 2021.

公司注册信息

whois域名年限数据

Is IUX Markets Compliant and Legal? Does it hold the necessary financial regulatory licenses?

IUX Markets is not regulated by any regulatory authority. The services provided by this broker come with a higher level of risk. Investors should exercise caution when considering IUX Markets' services to protect their financial security and investor rights.

Trading Instruments Offered by IUX Markets:

According to the IUX Markets official website, the broker offers trading services for financial assets such as indices, futures, energy, and precious metals.

交易产品

Trading Software Provided by IUX Markets:

IUX Markets offers the Metatrader 5 (MT5) trading platform to investors. MT5 is compatible with various devices, including PC (Windows/MacOS), web-based platforms, and mobile devices (IOS/Android).

交易平台

Fund Security:

IUX Markets has not disclosed any third-party fund regulation information on its official website, raising concerns about the security of users' funds.

Deposit and Withdrawal Channels:

IUX Markets' website offers online banking, credit cards, debit cards, and Skrill as deposit and withdrawal methods. International banking institutions may charge certain fees. Credit card and debit card withdrawals are generally free, with a typical processing time of 3-5 business days.

存款

取款

Leverage Ratio:

IUX Markets has publicly disclosed a leverage ratio of 3000:1, whereas most compliant brokers offer leverage ratios typically in the range of 10-100:1.

点差和杠杆

Summary:

IUX Markets is an unregulated Forex broker. It has not provided any key information regarding user fund security. IUX Markets is listed as "suspected scam" on TraderKnows. We suggest readers to avoid IUX Markets due to its high-risk nature and protect their personal financial assets from potential losses.

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Ponzi Scheme

Ponzi scheme is a type of financial fraud model that promises high returns and pays early investors with the funds from new investors, ultimately leading to losses for the majority.

Organization

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Logo

Contact Us

Social Media

footer1