IUX Markets Review: The Low-Spread Disrupter in Thailand

Review Date: 2025
Category: Low Spreads / Localization
Verdict: Best for Low Spreads & Local Localization

Executive Summary

IUX Markets has surged in popularity in 2024-2025 by aggressively targeting the Thai market with localized features. Their focus on raw performance and 0.0 pip spreads on standard accounts makes them a serious contender.

Key Features for Thai Traders

• Thai QR Payment: Fully integrated with "PromptPay" for instant fee-free transfers.

• High Leverage: Offers leverage up to 1:3000.

• Dedicated Thai Server: Optimized server routing for low latency in SEA.

Trading Costs

• Standard: Spreads from 0.2 pips (No Commission).

• Raw: 0.0 pips + $6.00/lot Commission.

Pros & Cons

• ✅ Incredibly tight spreads on Standard.

• ✅ Free Swap accounts available.

• ✅ Minimum deposit $10.

• ❌ Newer brand compared to veterans.

• ❌ Basic proprietary mobile app.

Official Link: IUX.com

Regulation & Safety

IUX Markets operates under the regulatory oversight of the Financial Services Commission of Mauritius (FSC), holding license number GB21026915. Mauritius is classified as a Tier-2 regulatory jurisdiction, providing moderate oversight while allowing brokers to offer competitive leverage and flexible trading conditions. While not as stringent as UK FCA or Australian ASIC regulation, the Mauritius FSC requires brokers to maintain minimum capital requirements, submit regular financial audits, and implement client fund segregation.

Client safety at IUX Markets is reinforced through several protective mechanisms. All client deposits are held in segregated accounts at reputable international banks, completely separated from the company's operational funds. This segregation ensures that client money cannot be used for business expenses or operational costs, and remains accessible even in the unlikely event of company insolvency. IUX Markets also provides negative balance protection for all retail accounts, guaranteeing that Thai traders cannot lose more than their deposited capital during extreme market volatility or gap events.

As a relatively newer broker targeting the Thai and Southeast Asian markets (established 2019), IUX Markets has built its reputation on competitive pricing and localized service rather than decades of operational history. The broker has processed over $100 billion in trading volume since inception without major payment delays or regulatory sanctions. While not carrying the same institutional weight as 15-year veterans like XM or IC Markets, IUX Markets has demonstrated consistent growth and reliable operations for Thai traders prioritizing tight spreads and local payment integration over premium regulatory licenses.

Account Types

IUX Markets offers a streamlined account structure focused on competitive pricing across both commission-free and raw spread models:

Account Type	Minimum Deposit	Typical Spread	Max Leverage	Commission	Swap-Free	Best For
Standard	$10 USD	From 0.2 pips	1:3000	None	Available	Beginners, small accounts
Raw Spread	$10 USD	From 0.0 pips	1:3000	$6.00 per lot	Available	Scalpers, active traders
Pro	$500 USD	From 0.0 pips	1:3000	$5.00 per lot	Available	High-volume traders
VIP	$25,000 USD	From 0.0 pips	1:3000	$4.00 per lot	Available	Institutional traders

The Standard account is particularly notable for offering spreads from just 0.2 pips with zero commission, making it one of the most competitive commission-free account types in the Thai market. This compares favorably to XM's 1.6 pips or Exness's 0.3 pips on similar account types. For Thai traders who prefer simplicity without commission calculations, the Standard account delivers institutional-level pricing in a straightforward package.

The Raw Spread account provides direct market access with spreads starting from 0.0 pips on major pairs plus a $6.00 per lot commission (equivalent to 0.6 pips round-turn cost). This positions IUX Markets competitively against IC Markets ($7/lot) and Exness ($7/lot) while undercutting many competitors. The Pro and VIP accounts further reduce commission costs for high-volume traders, with Pro at $5/lot requiring just $500 minimum deposit.

All IUX Markets accounts support Islamic swap-free trading at no additional charge, automatically applied upon request. The broker also supports hedging, scalping, and EA trading without restrictions, providing flexibility for various trading strategies. Accounts can be denominated in USD, EUR, or THB, with Thai Baht denomination eliminating currency conversion fees for Thai traders depositing and withdrawing in their local currency.

Trading Platforms

IUX Markets provides the industry-standard MetaTrader platform suite with optimizations for the Southeast Asian trading environment. MetaTrader 4 (MT4) serves as the primary platform, offering the stability, extensive indicator library, and Expert Advisor ecosystem that most Thai traders are familiar with. The platform supports full automated trading, custom indicators via MQL4 programming, and one-click execution for fast-paced strategies.

MetaTrader 5 (MT5) is available for traders requiring advanced features including 21 timeframes (versus 9 in MT4), economic calendar integration, depth of market display, and support for trading stocks and cryptocurrencies alongside traditional forex pairs. MT5's more powerful MQL5 programming language enables sophisticated algorithm development, though the platform has a smaller third-party indicator library compared to MT4's mature ecosystem.

A key differentiator for IUX Markets is their dedicated Southeast Asian server infrastructure. The broker maintains trading servers in Singapore and Hong Kong, providing Thai traders with exceptionally low latency connections (typically 10-25ms) compared to brokers routing through European or Australian data centers. This infrastructure advantage is particularly valuable for scalpers and high-frequency traders where milliseconds matter for execution quality and slippage reduction.

IUX Markets mobile applications for iOS and Android provide full trading functionality with Thai language support. The apps include real-time quotes, full charting capabilities with 30+ technical indicators, one-tap trading, push notifications for price alerts and trade executions, and complete account management including deposits and withdrawals. The mobile experience is designed for active trading on the go, with responsive charts and quick order entry interfaces.

The broker also offers WebTrader platforms for both MT4 and MT5, providing browser-based access without software installation. This is useful for Thai traders accessing accounts from shared computers, cafes, or workplace environments. The WebTrader delivers approximately 90% of desktop functionality with instant access from any modern browser.

Deposit & Withdrawal for Thai Traders

IUX Markets has invested heavily in localized payment infrastructure specifically designed for the Thai market, positioning payment convenience as a core competitive advantage:

PromptPay/Thai QR Code: The flagship payment method for Thai traders. IUX Markets provides instant QR code generation integrated directly with Thailand's PromptPay system. Simply scan the QR code from any Thai mobile banking app (Bangkok Bank, K-Bank, SCB, Krung Thai, etc.), confirm the amount in Thai Baht, and funds appear in your trading account within 30 seconds to 5 minutes. This method supports deposits from 100 THB up to 5 million THB per transaction with zero fees charged by IUX Markets. This represents one of the fastest and most cost-effective deposit methods available to Thai traders across all brokers.

Thai Bank Transfers: Traditional bank transfers from all major Thai banks process within 30 minutes to 2 hours during banking hours. The minimum deposit is just $10 USD equivalent (approximately 350 THB), making IUX Markets extremely accessible for Thai traders starting with limited capital. No fees are charged by IUX Markets, though your bank may apply standard domestic transfer fees (typically 10-25 THB).

E-Wallets: Skrill, Neteller, and Perfect Money are supported for traders preferring e-wallet solutions. Deposits are instant with minimum $10 USD requirement. IUX Markets does not charge deposit fees for e-wallets, though the payment providers may apply their own fees (typically 1-2.5% for currency conversion).

Cryptocurrency: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) deposits are supported for traders seeking privacy or speed. Crypto deposits process after blockchain confirmation (typically 10-60 minutes depending on network congestion) with no fees from IUX Markets. Minimum deposit is $50 USD equivalent in cryptocurrency.

Withdrawals: IUX Markets processes withdrawal requests within 1-24 hours on business days, with most verified accounts seeing approval within 2-6 hours. Thai bank transfers and PromptPay withdrawals arrive in your Thai bank account within 1-24 hours after approval, among the fastest in the industry. E-wallet withdrawals are instant once approved, while cryptocurrency withdrawals process after blockchain confirmation. IUX Markets does not charge withdrawal fees for most methods, though receiving banks or payment providers may deduct their standard fees. The minimum withdrawal amount is $10 USD, and withdrawals must be returned to the same method used for deposit to comply with AML regulations.

Who Should Use IUX Markets?

IUX Markets is ideally suited for cost-conscious Thai traders who prioritize tight spreads and low trading costs over brand recognition or premium regulation. The broker's Standard account offering 0.2 pip spreads with zero commission provides exceptional value for swing traders and position traders who execute fewer trades but want professional pricing. Active day traders and scalpers benefit from the Raw Spread account's 0.0 pip spreads plus competitive $6/lot commission, while the dedicated Southeast Asian server infrastructure ensures minimal latency for time-sensitive strategies.

The broker particularly appeals to Thai traders seeking localized service and payment convenience. The PromptPay integration delivering deposits in under 5 minutes and withdrawals in under 24 hours rivals even Exness's legendary speed. For traders who value moving money quickly between their Thai bank account and trading account, IUX Markets provides one of the smoothest experiences available. The availability of THB-denominated accounts eliminates repeated currency conversion fees, saving costs for traders who think and plan in Thai Baht.

However, IUX Markets may not be the optimal choice for traders who prioritize maximum regulatory protection over trading costs. Conservative traders seeking top-tier regulation (FCA, ASIC, CySEC) will note that Mauritius FSC oversight is less stringent than premium jurisdictions. The broker's relative newness (since 2019) means it lacks the 10-15 year operational track record of established competitors like XM or IC Markets, though this hasn't prevented reliable service to date.

Additionally, traders seeking extensive educational resources, regular webinars, or in-person seminars should look toward education-focused brokers like XM. IUX Markets focuses operational resources on competitive pricing and technology infrastructure rather than educational content production. Complete beginners might find XM's $30 no-deposit bonus and comprehensive training materials more supportive for their learning journey, then transition to IUX Markets once they've developed consistent profitability and want to minimize trading costs.

Frequently Asked Questions

Is IUX Markets safe for Thai traders?

IUX Markets is reasonably safe for Thai traders, though it carries different risk characteristics than top-tier regulated brokers. The broker is regulated by the Financial Services Commission of Mauritius (FSC), which provides moderate oversight and requires client fund segregation. While Mauritius regulation is less stringent than UK FCA or Australian ASIC, it still provides meaningful protections including segregated accounts and negative balance protection. IUX Markets has operated since 2019 with consistent growth and no major payment delays or regulatory issues. The broker processes withdrawals reliably within 1-24 hours. For traders comfortable with Tier-2 regulation in exchange for competitive pricing and high leverage (1:3000), IUX Markets presents acceptable risk. Conservative traders prioritizing maximum regulatory protection should consider FCA or ASIC-regulated alternatives.

What is the minimum deposit at IUX Markets?

The minimum deposit at IUX Markets is just $10 USD (approximately 350 THB), one of the lowest in the industry. This applies to all account types including Standard, Raw Spread, and Pro accounts (VIP requires $25,000 USD minimum). The $10 minimum makes IUX Markets extremely accessible for Thai traders starting with limited capital or wanting to test the broker's services before committing larger amounts. Deposits via PromptPay/Thai QR code support amounts from 100 THB upward, providing flexibility for small initial deposits.

Does IUX Markets accept Thai Baht (THB)?

Yes, IUX Markets offers full Thai Baht support with THB-denominated account options. Thai traders can open accounts denominated in THB, eliminating currency conversion fees when depositing Thai Baht from local banks. When you deposit THB via PromptPay or Thai bank transfer to a THB-denominated account, there is no currency conversion, and your account balance displays in Thai Baht. Alternatively, you can deposit THB to a USD or EUR-denominated account, and IUX Markets will convert at competitive market rates with transparent exchange rates displayed before confirming transactions. The THB account option is particularly valuable for traders who prefer to think, plan, and track performance in their local currency.

How long do withdrawals take at IUX Markets?

IUX Markets processes withdrawal requests within 1-24 hours on business days, with most verified accounts seeing approval within 2-6 hours. Once approved, Thai bank transfers and PromptPay withdrawals typically arrive in your Thai bank account within 1-24 hours, making IUX Markets one of the fastest brokers for Thai withdrawals. E-wallet withdrawals (Skrill, Neteller) are instant once approved, while cryptocurrency withdrawals depend on blockchain confirmation times (30-90 minutes typically). First-time withdrawals may take longer due to verification requirements (ID and proof of address), but subsequent withdrawals from verified accounts process very quickly. IUX Markets does not charge withdrawal fees, though your receiving bank may apply standard fees.

Does IUX Markets offer a demo account?

Yes, IUX Markets offers unlimited demo accounts with no expiration date and no obligation to fund a real account. Demo accounts can be created for any account type with virtual balances up to $100,000. The demo environment provides real-time market pricing and execution conditions matching live accounts, making it an excellent tool for testing strategies, learning the MT4/MT5 platforms, and evaluating IUX Markets' spreads and execution quality before committing real capital. Thai traders can create multiple demo accounts to test different trading approaches. Demo accounts remain active indefinitely and can be reset if you deplete the virtual balance.