What Account Types and Fees Does IUX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Low minimum deposit, no commission, spreads from 0.2 pips |
Ideal for those new to trading; allows for easy engagement with the forex market |
| Pro Account |
Experienced traders |
Competitive spreads from 0.1 pips, no commission |
Requires a minimum deposit of $500; suitable for high-frequency trading |
| Raw Account |
Professional traders |
Spreads from 0.0 pips, commissions apply |
Minimum deposit of $500; designed for those seeking tight spreads and fast execution |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, similar spreads as Standard and Pro accounts |
Available for any trader adhering to Islamic finance principles |
| Demo Account |
All traders for practice |
Free virtual trading environment with no real financial risk |
Perfect for testing strategies and familiarizing with the platform |
Account Opening Process
To open an account with IUX, follow these steps: 1. Registration: Visit the IUX website and click on the “Sign Up” button. Fill in your personal details and create a password. 2. Information Submission: Provide your employment and financial information as required. 3. Identity Verification: Upload documents for identity verification, including a valid ID and proof of address. 4. Account Setup: Choose your desired account type and configure your trading preferences. 5. Deposit Funds: Fund your account using one of the available payment methods. 6. Start Trading: Once your account is verified and funded, you can begin trading. Note that you can upgrade to a professional account later if your trading volume increases or if you meet other qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
0.1 |
$7 per lot |
Accessible for day traders |
| CFDs (Indices) |
0.5 |
$7 per lot |
Variety of global indices available |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
When trading with IUX, consider the following additional fees: 1. Deposit/Withdrawal Fees: IUX does not charge fees for deposits or withdrawals, but international bank fees may apply. 2. Inactivity Fees: An inactivity fee may be charged if your account is dormant for an extended period. 3. Platform Usage Fees: There are no platform fees, allowing for full access to trading tools. 4. Overnight Interest (Swap Rates): Swap rates are applied depending on your account type and trading position. 5. Currency Conversion Fees: Fees may apply for conversions when trading in different currencies.
