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TickmillIUX Review
Written by Steven Hatzakis
Edited by Hannah Smith
Fact-checked by Joey Shadeck
Steven HatzakisSteven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IUX is a MetaTrader 5 (MT5) broker that offers a small range of tradable markets and a basic proprietary trading app for web and mobile. Its IUX Trade app has a clean design but remains barebones compared to the best trading platforms out there.
Account options and pricing are flexible, but IUX falls short when it comes to research and education, offering a very limited selection. The broker doesn’t accept clients from the U.K. or Europe, although it is regulated in the top-tier jurisdiction of Australia.
Overall
-
Minimum Deposit:
10 -
Trust Score:
78 -
Tradeable Symbols (Total):
152
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Table of Contents
Pros & cons
Pros
- Regulated in Australia, South Africa and Mauritius.
- Offers MetaTrader 5 and its own mobile app.
- Low minimum deposit and flexible account options.
Cons
- Not available in the U.K. or Europe.
- Limited research, education, and market coverage.
- IUX Trade web app is missing key features like watchlists and alerts.
Here are my top takeaways for IUX in 2025:
- IUX is an emerging MT5 broker that offers a small range of tradable markets alongside a basic proprietary platform for web and mobile.
- IUX's pricing is competitive for certain account types.
- However, IUX falls short in key areas such as research, education, and platform functionality.
- The lack of additional Tier-1 regulation, outside of its Australia license, limits its eligibility in major markets like the U.K. and Europe.
Trust Score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is IUX safe?
IUX is considered Average Risk, with an overall Trust Score of 78 out of 99. IUX is not publicly traded, does not operate a bank, and is authorised by 1 Tier-1 regulators (Highly Trusted), 1 Tier-2 regulators (Trusted), 0 Tier-3 regulator (Average Risk), and 1 Tier-4 regulators (High Risk). Learn more about Trust Score.
| Feature |
IUX
|
|---|---|
| Year Founded | 2016 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Range of investments
IUX offers a limited selection of about 152 tradable symbols across its platforms, covering forex, stocks, crypto, commodities, indices, and some metals and energies. While the core asset classes are available, the overall range feels narrow compared to leading brokers like IG or CMC Markets that typically offer thousands of investment options.
Forex pairs make up the majority of available symbols for IUX, with a smaller variety of stocks and commodities. If you’re looking for a deep selection of shares, exotic forex pairs, or niche asset classes, you may find IUX’s offerings restrictive. However, IUX’s small product lineup could suit you if you’re a casual trader focused on major markets. More active and diversified traders may prefer a broker with broader choices.
Crypto at IUX
IUX offers CFDs on sixteen popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Solana, Polkadot, and several others. The crypto selection covers most major coins, but doesn’t match the broader range offered by top brokers that feature dozens, or even hundreds, of tokens.
There’s also no option to trade the underlying crypto assets directly; all trading is conducted via CFDs. While this setup may suit those seeking short-term exposure, it may not appeal to you if you’re looking to hold crypto assets long-term.
| Feature |
IUX
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 152 |
| Forex Pairs (Total) | 34 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | Yes |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Disclaimers |
IUX fees
Pricing at IUX depends on the account type you choose. Options range from spread-only accounts to commission-based accounts designed for more active traders.
Standard accounts: The Standard and Standard+ accounts both require just a $10 minimum deposit. The key difference is that Standard+ supports deposit bonus promotions but comes with wider spreads, while the regular Standard account offers lower spreads with no promotional bonuses attached.
For active traders: IUX offers the Raw and Pro accounts, each requiring a $500 minimum deposit. The Raw account advertises the lowest spreads, but charges a commission of $6 per 100,000 units (1 standard lot). Meanwhile, the Pro account is spread only, offering lower spreads than the Standard accounts without adding a commission.
Average spreads: While no date ranges were provided for these averages for the EUR/USD pair, IUX lists an average spread of 0.7 on its Pro account, and 0.9 pips on its Standard account, while its Raw commission-based account has an average spread closer to 0.6 pips when you factor in the pip equivalent of the per lot commission.
Overall, IUX’s pricing is competitive for a smaller broker, but it doesn’t stand out compared to the lowest-cost leaders in the industry, although its Pro account is a close contender. You should carefully weigh the trade-offs between spreads, commissions, and deposit requirements when choosing an account.
| Feature |
IUX
|
|---|---|
| Minimum Deposit | 10 |
| Average Spread EUR/USD - Standard | 0.9 |
| All-in Cost EUR/USD - Active | 0.6 |
| Active Trader or VIP Discounts | Yes |
| ACH or SEPA Transfers | No |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
IUX offers the popular MetaTrader 5 (MT5) app developed by MetaQuotes Software Corp, alongside its own proprietary IUX Trade mobile app, available for both Android and iOS devices.
The IUX mobile app has a good foundation for future growth, with a clean design and user-friendly layout. I liked that you can create custom watchlists and choose from eight pre-set lists covering different asset classes, including the most active symbols and thematic indices. The reporting tools are also a nice touch, offering a clear breakdown of daily profit and loss with visual cues, making it easy to see how you did for the day.
However, the app falls short when it comes to features that are now standard in the industry. There’s no option to set price alerts, no integrated research tools, and no access to news or economic calendars. Compared to top brokers, IUX’s mobile offering feels basic and lacks the advanced tools that active traders increasingly expect.
Overall, the IUX Trade app is serviceable for basic trading needs, but still has a long way to go to match the industry’s best mobile platforms.
| Feature |
IUX
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | No |
| Watchlist Syncing | No |
| Mobile Charting - Draw Trendlines | No |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | No |
| Mobile Charting - Indicators / Studies | 106 |
Trading platforms
IUX offers the MetaTrader 5 (MT5) platform suite alongside its proprietary IUX Trade web app.
MT5 remains a strong choice for traders who want access to advanced charting, automated trading, and a wide range of trading tools. It’s a proven platform that’s available from hundreds of brokers globally, giving IUX a solid foundation.
The proprietary web app, however, is extremely limited. The platform offers only basic functionality, including charts, a trade ticket, the ability to explore markets by category, and trade history reporting alongside open positions. There’s no watchlist, price alerts, economic calendar, or integrated research tools.
Steven's take
"While it’s functional for placing simple trades, the IUX platform falls far behind what's offered by the top brokers. Features like customizable watchlists, integrated research, and enhanced charting would significantly improve the platform’s overall appeal."
In short, the IUX web platform feels more like a minimum viable product than a finished platform.
| Feature |
IUX
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy Trading | No |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 106 |
| Charting - Drawing Tools (Total) | 89 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 46 |
Research
Research at IUX is extremely limited. The broker primarily relies on a few embedded TradingView widgets for tools like economic calendars, sentiment indicators, and simple market screeners. There’s no dedicated news feed, no daily analysis, and no in-house or third-party research articles available directly on the platform.
IUX previously published a series called “IUX Insights” on YouTube, but no new videos have been posted in over ten months. Traders who rely on in-depth research, real-time news, and expert analysis to inform trading decisions will find IUX’s offerings inadequate.
Room for improvement: I would like to see news headlines added to the platforms, and articles on the site from either in-house analysts or third-party providers, to provide a minimum research offering beyond some rudimentary widgets.
| Feature |
IUX
|
|---|---|
| Daily Market Commentary | No |
| Forex News (Top-Tier Sources) | No |
| Autochartist | No |
| Trading Central (Recognia) | No |
| Social Sentiment - Currency Pairs | No |
Education
IUX provides education through a series of videos and articles throughout its website and YouTube channel, including an FAQ and help section. It’s worth noting that the broker has several videos labeled as episodes or as part of a series, but they are just 2-3 minute clips that barely scratch the surface of the subject matter when it comes to educational themes.
Educational courses: The IUX Academy doesn’t have much available under its courses, which felt more like a few FAQs packaged as lessons within its video course and accompanying article. While this is better than nothing and I commend the effort, it’s still a far cry from the university-grade educational content that many traders need to progress from beginner to intermediate and then finally to advanced forex topics.
While there were some helpful moments, such as lesson 3 on risk-reward ratios, I was generally unimpressed by the educational content and IUX Academy compared to leading brokers.
Overall, IUX has a long way to go to build out its educational portal to make it of value to traders who want to learn more than the bare minimum basics.
| Feature |
IUX
|
|---|---|
| Education (Forex or CFDs) | No |
| Client Webinars | No |
| Client Webinars (Archived) | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | No |
Final thoughts
IUX is an emerging MT5 broker that offers a small range of tradable markets alongside a basic proprietary platform for web and mobile. Its pricing is competitive for certain account types, and the IUX Trade app shows potential for future development.
However, IUX falls short in key areas such as research, education, and platform functionality. The lack of additional Tier-1 regulation, outside of its Australia license, limits its eligibility in major markets like the U.K. and Europe. If you’re seeking a broker with robust educational resources, a wide range of research tools, or a comprehensive product lineup, you’ll likely find better options elsewhere.
That said, if you’re a trader who prioritizes access to MT5 and are comfortable trading with a smaller broker focused on the essentials, IUX may be worth a look, provided you understand the limitations.
IUX Star Ratings
| Feature |
IUX
|
|---|---|
| Overall Rating |
|
| Trust Score | 78 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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About IUX
Founded in 2022, IUX is a relatively new broker offering MetaTrader 5 (MT5) and a proprietary trading app for web and mobile. IUX caters to a global audience but does not accept clients from key regions like the U.K. and Europe. The company’s platform suite focuses on core forex and CFD products across a narrow range of markets. While its mobile app and flexible account options show potential, IUX faces big competition from more established brokers that offer deeper market access, stronger regulation, and more developed research and educational tools.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Hannah Smith is a Staff Editor at ForexBrokers.com. With a background in SEO and years of experience in digital media, Hannah is focused on creating high-quality, data-driven content that helps investors make informed decisions. With a master's degree in English from North Carolina State University, she brings a strong foundation in writing, research, and editorial strategy to her work.
Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.