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TickmillIUX Review
Written by Steven Hatzakis
Edited by Hannah Smith
Fact-checked by Joey Shadeck
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.
-
Minimum Deposit:
10 -
Trust Score:
78 -
Tradeable Symbols (Total):
152
Can I open an account with this broker?
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IUX 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
Overall Summary
| 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.
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 |
Commissions and 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 |
Other 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.
In short, the IUX web platform feels more like a minimum viable product than a finished platform. While it’s functional for placing simple trades, it falls behind top brokers. Developing features like customizable watchlists, integrated research, and enhanced charting would significantly improve the platform’s overall appeal.
| 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 |
Market 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.
FAQs
Is IUX legit?
IUX is a legitimate broker with a relatively average Trust Score compared to industry leaders. It is regulated by the Australian Securities & Investment Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius, but does not hold any Tier-1 licenses. As a result, while IUX is authorized to operate in certain regions, it lacks the global regulatory reach and higher safety standards associated with top-tier brokers.
Is my money safe with IUX?
Client fund safety at IUX depends heavily on the jurisdiction you fall under. While the broker is regulated by the FSCA and FSC, it doesn’t hold licenses in stronger regulatory hubs such as the U.K., Australia, or the United States. IUX doesn’t offer segregated accounts or enhanced investor protection schemes comparable to brokers in Tier-1 jurisdictions. Traders should exercise caution and fully understand the protections, or lack thereof, associated with their region when considering IUX.
What is the minimum deposit for IUX trading?
IUX offers a low entry point, with a minimum deposit of just $10 for its Standard and Standard+ accounts. The Raw and Pro accounts, designed for more active traders seeking tighter spreads or commission-based pricing, require a $500 minimum deposit.
Is IUX good for beginners?
IUX may not be the best choice for beginners. The broker's educational resources are limited, and its research offering is extremely sparse. Beginner traders typically benefit from brokers that offer in-depth educational courses, market analysis, and extensive learning materials (areas where IUX currently falls behind industry leaders).
Important for new traders
Beginner traders typically benefit from brokers that offer comprehensive courses, frequent market updates, and strong educational support. You can find the best forex brokers for beginners in our comprehensive guide.
Where is IUX regulated?
IUX is regulated by three financial authorities across its global related entities:
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.
2025 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected 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).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
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.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
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 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.