IUX Investigation: The High-Leverage Trap and the CySEC Blacklist Reality

Behind the sleek marketing of “1:3000 leverage” and “digital-first trading” lies a operation that is increasingly looking like a financial cul-de-sac. While IUX attempts to project an image of institutional stability via its South African and Australian registrations, the European regulatory community has already sounded the sirens. On July 11, 2024, the Cyprus Securities and Exchange Commission (CySEC) officially blacklisted IUX, listing it alongside known fraudulent entities. This isn't just a administrative oversight; it is a red flag that the broker is soliciting clients in jurisdictions where it has no legal right to exist.

The Withdrawal Black Hole: $2,666 and No Answers

The most damning evidence against IUX isn't found in its regulatory filings, but in the growing graveyard of pending withdrawal slips. In Vietnam, one trader has been waiting since June 2024 to claw back $2,666. The response from support? A scripted loop of “please wait” that has now stretched into months. This isn't an isolated technical glitch; it's a pattern of capital retention.

From Indonesia to Thailand, the story is identical. Traders report “successful” withdrawal notifications that never actually hit their bank accounts—a psychological tactic used to buy time while the broker sits on the funds. In one instance, a $1,140 withdrawal has been “pending” for over 10 days with no resolution. When you combine this with reports of accounts being locked for “IP violations” the moment they become profitable, the picture looks less like a broker and more like a casino that hates it when the house loses.

Regulatory Audit: A Fragile Shield

IUX uses its FSCA and ASIC licenses as a shield, but these provide zero protection for traders dealing with their offshore Mauritius-based entity. The CySEC warnings specifically target the domain `iux.com`, identifying it as an unauthorized entity.

The gap between having a license in South Africa and being blacklisted in Europe is where retail capital goes to die. If a broker is willing to ignore CySEC's warnings to solicit European clients illegally, why would they respect your right to withdraw your $500 deposit?

1:3000 Leverage: The Professional Gambler's Bait

The offering of 1:3000 leverage is a predatory tool designed to ensure rapid account liquidation. Under such extreme volatility, a minor market heartbeat can trigger a margin call, effectively “donating” the trader's balance to the broker. Evidence from Thai traders indicates that even when the margin should hold, the platform suffers from “slippage” that closes positions hundreds of points away from the actual market price. One trader documented an SL (Stop Loss) hit when the price was nowhere near the trigger, suggesting the platform's internal price feed might be “flexible” when it suits the broker's bottom line.

The Verdict on Support: Automated Indifference

IUX's customer service has been described as “taunting” and “useless” by its own clients. When deposits via USDT or e-payments go missing—some for over 36 hours—the support staff requests TXIDs and screenshots only to vanish. The “Standard,” “Pro,” and “Raw” accounts are effectively different tiers of the same trap. Whether you deposit $10 or $9,000 (INR), the risk of seeing that money again appears to be weighted against you.

As it stands, IUX is a high-risk entity. The combination of its CySEC blacklist status, the systemic failure to process withdrawals, and the use of extreme leverage indicates a broker that is designed for broker-profit, not trader-success. If your funds are still inside, the data suggests you should attempt to extract them immediately—before the “Pending” status becomes permanent.

Risk Warning: Trading with offshore-regulated brokers offering extreme leverage carries a high risk of total capital loss. WikiFX has received over 20 serious complaints in the last 90 days. Exercise extreme caution. populations.