IUX

Overview of IUX Market

IUX Market, based in China Hong Kong, has been operational for a period ranging from 2 to 5 years. Despite its presence in the market, it operates without regulatory oversight, making it an unregulated exchange.

Traders on IUX Market have access to a limited selection of cryptocurrencies, with trading available for just one cryptocurrency pair: BTCUSD (Bitcoin to US Dollar).

In terms of fees, IUX Market charges commissions of up to $3 per trade, with spreads starting from 0.

When it comes to payment methods, IUX Market offers a range of options for the needs of its users. These include traditional banking methods such as Vietcombank, Sacombank, Techcombank, DongA Bank, and others.

For customer support, IUX Market provides assistance through live chat, allowing traders to quickly get help with their inquiries or issues.

Pros and Cons

Pros:

Dynamic and flexible trading platform: IUX Market offers a user-friendly interface and advanced trading tools for traders of all levels. The platform's dynamic features facilitate trading experiences, enabling traders to execute transactions efficiently.

Competitive fee structure: With commission charges of up to $3 per transaction and competitive spreads starting from 0 PIPs, IUX Market provides traders with cost-effective trading solutions. This fee structure allows traders to maximize their profits while minimizing transaction costs.

A comprehensive array of payment methods: IUX Market supports a wide range of payment methods, including traditional banking institutions and digital payment solutions. This selection of payment options provides traders with flexibility and convenience in funding their accounts and withdrawing profits.

Cons:

Unregulated environment: Operating in an unregulated environment poses inherent risks for traders, as there may be a lack of oversight and protection measures. Traders should be cautious and conduct thorough research before engaging in transactions on the platform.

Lack of regulatory oversight: Without regulatory oversight, there may be concerns regarding the transparency and integrity of operations on IUX Market. Traders may face challenges in seeking recourse in the event of disputes or fraudulent activities.

Limited customer support: Despite offering live chat support, IUX Market may suffer from limited availability or responsiveness of customer support services. This can lead to delays or difficulties in resolving issues or inquiries that traders may encounter while using the platform.

Regulatory Authority

IUX Market operates as an unregulated trading platform. Unregulated exchanges may not adhere to strict security and compliance measures, exposing investors to a higher risk of fraud, hacking, or other security breaches. Without regulatory oversight, investors have limited recourse in case of disputes or losses, potentially leading to financial harm.

Cryptocurrencies Available

IUX Market provides traders with access to a limited selection of cryptocurrencies, with trading available exclusively for one cryptocurrency pair: BTCUSD (Bitcoin to US Dollar). While other exchanges may offer a broader range of digital assets for trading, IUX Market focuses specifically on the popular Bitcoin-to-US Dollar trading pair.

Trading Market

IUX Market offers a range of trading instruments for the preferences and trading styles of its clients.

CFDs (Contracts for Difference): IUX Market allows traders to trade CFDs, which are derivative products that enable traders to speculate on the price movements of various financial instruments without owning the underlying asset. This includes a wide range of assets such as stocks, indices, commodities, and currencies.

Futures: Futures contracts allow traders to buy or sell an underlying asset at a predetermined price on a future date. IUX Market offers futures trading, providing traders with opportunities to hedge their positions, speculate on future price movements, and diversify their portfolios.

Indices: IUX Market offers trading in indices, which are portfolios of stocks representing a particular market or sector. Traders can speculate on the performance of major stock indices from around the world, such as the S&P 500, NASDAQ, Dow Jones, and FTSE, among others.

Shares: Traders at IUX Market can trade shares of publicly listed companies from various industries and regions. Share trading allows traders to invest in individual companies, capitalize on corporate earnings, and benefit from dividend payouts.

Metals: IUX Market provides trading opportunities in precious metals such as gold, silver, platinum, and palladium. Precious metals are widely regarded as safe-haven assets and are often sought after by investors during times of economic uncertainty.

Energies: Traders can also trade energy commodities such as crude oil and natural gas at IUX Market. Energy trading allows traders to speculate on the price movements of these essential commodities, which are influenced by geopolitical events, supply and demand dynamics, and macroeconomic factors.

Fees

IUX Market offers a range of account types tailored to meet the varying trading needs of its clients.

Standard Account: The Standard account type offers traders the advantage of commission-free trading with a minimal spread starting from 0.2 PIPs. This account is suitable for traders looking for a straightforward trading experience without the complication of commissions.

Standard+ Account: Similar to the Standard account, the Standard+ account also provides commission-free trading. However, it offers a slightly wider spread, starting from 0.5 PIPs. This account may appeal to traders who prioritize a wider range of trading instruments over tighter spreads.

Raw Account: The Raw account type is tailored for traders who value direct market access and minimal spread. While it incurs a commission of $3 per lot per side, traders benefit from trading with spreads starting from 0 PIPs, ideal for those who prefer transparency and low latency in their trades.

Pro Account: The Pro account suits advanced traders who demand precision in their trading executions. Offering commission-free trading with spreads as low as 0.1 PIPs, this account type is suited for traders who require tight spreads and high-order execution speeds to capitalize on market opportunities effectively.

Payment Methods

The minimum deposit requirement remains uniform across all available channels, set at a modest $10 or its equivalent in other supported currencies such as THB or various cryptocurrencies.

Moreover, the platform maintains a standard minimum withdrawal amount of $3 across all deposit options.

In terms of transaction limits, the IUX Market provides ample flexibility, with a maximum deposit and withdrawal limit of $50,000 or its equivalent.

One of the key advantages of utilizing the IUX Market for financial transactions is the absence of commission fees. Regardless of the chosen bank or payment method, users can deposit and withdraw funds without incurring any additional charges.

Furthermore, the platform prioritizes efficiency in transaction processing, with most deposits being executed within a swift timeframe of 3 to 15 minutes. For select banking institutions and payment methods, such as Siam Commercial Bank, Krungsri Bank, Kubet, and others, deposits are processed immediately.

How to Buy Cryptos？

To buy cryptocurrencies through IUX Market, you can utilize various channels, including the mobile app, ATMs, and the Apple Store. Here's how you can do it through each channel:

Mobile App:

Download and install the IUX Market mobile app from the respective app store for your device (Google Play Store for Android or Apple App Store for iOS).

Once installed, create an account on the IUX Market platform or log in if you already have one.

Navigate to the “Buy/Sell” or “Trade” section within the app.

Select the cryptocurrency you wish to purchase from the list of available options.

Choose the desired trading pair (e.g., BTC/USDT) and enter the amount you want to buy.

Review the transaction details, including the price and fees.

Confirm the transaction and complete the purchase using your preferred payment method linked to your account.

Once the transaction is processed, the purchased cryptocurrency will be credited to your IUX Market account.

ATMs:

Some cryptocurrency ATMs may support buying cryptocurrencies through IUX Market.

Locate a cryptocurrency ATM that offers purchasing options through IUX Market by using online directories or apps dedicated to finding crypto ATMs.

Follow the on-screen instructions provided by the ATM to initiate the purchase.

Scan the QR code of your IUX Market wallet or input your wallet address.

Insert cash into the ATM equivalent to the amount of cryptocurrency you wish to buy.

Confirm the transaction and wait for the ATM to process your purchase.

Once completed, the purchased cryptocurrency will be deposited into your IUX Market wallet.

Services

IUX Market offers a comprehensive suite of services designed for the needs of traders, providing them with robust tools and platforms to enhance their trading experience. Among these services are:

Use TradingView: IUX Market connects with TradingView, a trusted analysis platform, for detailed market study. Traders get access to advanced charts, indicators, and drawing tools for thorough analysis.

MetaTrader 5 (MT5): IUX Market offers MT5, a robust trading platform known for its advanced features. It provides access to various financial instruments like forex, stocks, and cryptocurrencies, all in one place. MT5 supports algorithmic trading and offers a wide range of analysis tools.

WebTrader 5: WebTrader 5 is a web-based platform by IUX Market, allowing traders to access their accounts and trade from any device with the internet. It offers real-time market monitoring and trading tools directly from the web browser, making it convenient and user-friendly.

CFDs Trading Calculators: IUX Market provides CFDs trading calculators to help traders manage risk and optimize strategies. These calculators assist in calculating important metrics like pip value, margin requirements, and potential profits or losses for CFD trades.

Options: IUX Market supports various payment methods for funding and withdrawals. Traders can choose from traditional options like bank transfers and cards, as well as digital solutions like e-wallets and cryptocurrencies.

IUX Market APP

To download the IUX Market mobile app:

iOS (App Store):

Open the App Store on your iOS device (iPhone or iPad).

Search for “IUX Market” using the search bar.

Locate the IUX Market app in the search results and tap on it.

Tap the “Download” button to install the app on your device.

Once installed, open the app and log in to your IUX Market account or create a new one if you're a new user.

Android (Google Play Store):

Open the Google Play Store on your Android device (smartphone or tablet).

Search for “IUX Market” using the search bar.

Find the IUX Market app in the search results and tap on it.

Tap the “Install” button to download and install the app on your device.

After installation, open the app and log in to your IUX Market account or sign up if you're a new user.

Is IUX Market a Good Exchange for You？

IUX Market is the best cryptocurrency exchange for traders who prioritize accessibility and convenience. Its user-friendly mobile app, available on both iOS and Android platforms, provides traders with the flexibility to trade on the go, ensuring they can stay connected to the markets and manage their portfolios anytime, anywhere.

Other types of traders that would find IUX Market suitable include:

Casual Traders: Casual traders who engage in trading occasionally or as a secondary source of income may find IUX Market suitable. Its user-friendly interface and accessibility via mobile app make it convenient for traders with limited time or experience to participate in the markets without the need for extensive technical knowledge.

Part-time Traders: Traders who have other commitments such as full-time employment or studies may appreciate IUX Market for its flexibility. With the ability to trade from anywhere using the mobile app, part-time traders can manage their trading activities around their schedules, enabling them to pursue trading opportunities without disrupting their primary responsibilities.

Long-term Investors: Long-term investors who prefer to hold positions for extended periods may also find IUX Market suitable. While the platform offers features for active trading, its selection of cryptocurrencies and comprehensive analysis tools for investors looking to build long-term investment portfolios based on fundamental analysis and market trends.

Beginner Traders: Beginner traders who are new to the cryptocurrency markets may find IUX Market appealing due to its user-friendly interface and educational resources. The platform's intuitive design and access to trading calculators can help beginners understand trading concepts and develop their skills gradually as they gain experience in the markets.

Diversified Traders: Traders who seek exposure to various financial instruments beyond cryptocurrencies, such as forex, stocks, and commodities, may find IUX Market suitable. With access to MetaTrader 5 and other trading platforms, traders can diversify their portfolios and explore opportunities across different asset classes, all from a single platform.

FAQs

Q: In which countries are IUX Markets available？

A: The service is available in 8 countries: Thailand, Philippines, Myanmar, Malaysia, India, Laos, Indonesia, Vietnam, and Japan.

Q: How to use IUX Markets CFDs trading calculators？

A: 1. Head to the https://www.iuxmarkets.com

2. Click on Tools on the main header, and click on CFDs trading calculators.

3. Select the topic you want to calculate on the main header.

4. Input the amount.

5. Based on current exchange rates, the calculations happen in real time.

Q: Can I withdraw my money whenever I want？

A: All withdrawal requests are processed by the back office within 24 hours of normal business days.

Q: How long does it take for the deposit？

A: The balance will be credited as soon as the payment is completed. If the balance does not come in or is more than 15 minutes late, contact the Live Chat staff 24 hours a day.

Q: How long does it take for the withdrawal？

A: Normally, it takes approximately 5-10 minutes within 24 hours. Please contact the support customer department Live Chat staff 24 hours a day if your withdrawal takes longer than 24 hours.

Q: Can I deposit and withdraw during weekends and public holidays？

A: On weekends and public holidays, you can deposit, withdraw, and transfer money. Weekends and public holidays, however, are not considered “working days” As a result, the process may take longer than usual days.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.