IUX (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering IUX (Imposter) - run. I wish I had read more negative reviews after seeing their ad online. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multiple order types|Social trading features|High security standards
Cons: No live chat on mobile|Limited ETF selection
My card was charged twice by IUX (Imposter) on the same day. I had to dispute it with my bank. IUX (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Quick verification|High security standards|Detailed reporting
Cons: Minor UI glitches occasionally|Some tools only available on higher tiers
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. IUX (Imposter) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Copy trading available|Low minimum deposit|Reliable uptime
Cons: Account statements could be more detailed
I invested $500 with IUX (Imposter) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I signed up with IUX (Imposter) after my brother mentioned them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Smooth onboarding|Good mobile app|Easy withdrawals|Multi-currency support
Cons: Nothing significant|Minimum deposit could be lower