iX Broker Review — Truth About the Broker

Among second- and third-tier Forex/CFD brokers, there are many that put considerable effort into presenting themselves as legitimate companies by carefully preparing information about their business. Today, our ixbroker.com review focuses on one such project. At the same time, its owners seem confident that it is enough to mention the presence of at least an offshore license and provide a UK office address for clients’ deposits to start flowing in. What they prefer not to mention is that in such cases the client’s money instantly becomes the company’s funds. Below, we will uncover everything this broker chooses not to disclose.

Quick Overview

Domain: https://ixbroker.com/

Company Name: IXBROKER LTD

Year Founded: 2024

Jurisdiction: Mwali (Moheli), Comoros Union

Legal Status: Licensed by MISA № BFX2025127

Minimum Deposit: 50 USD

Leverage: Up to 1:300

Available Assets: Forex, CFD on indices, stocks, cryptocurrencies, commodities

Trading Platforms: iX Basic/ iX Pro for Windows, iOS, Android

Account Types: ECN

Deposit/Withdrawal Methods: Crypto

How to Register on the Website

A high-quality iX Broker review requires an examination of all the company’s offerings. Without registration and access to the trader’s personal account, the information remains incomplete. At first glance, however, the broker’s new user registration process appears to be mostly in order.

The registration form itself is simple and takes no more than a few minutes to complete. It requires the following details:

• First and last name.
• Date of birth.
• Phone number.
• Email address.
• Promo code (optional).

In addition, the user must pass a basic anti-bot check and agree to the terms of the only available document — the Privacy Policy.

However, obtaining an active account and access to the client area immediately after submitting the form is not possible. The user must first complete email and phone number verification. While the email verification causes no issues (a confirmation link is sent to the email address), the phone verification is far more problematic. Although the company does send a verification code via SMS, entering it results in a message stating that the code is incorrect, with a suggestion to repeat the process or contact customer support.

Since none of our repeated attempts were successful, we suspect that direct contact with company representatives is considered mandatory at this stage. We have encountered similar “tricks” many times with semi-legal or outright scam brokers. Their purpose is to form a client base consisting only of traders who are of the greatest interest to the project’s owners — typically inexperienced beginners with limited knowledge, but willing to deposit large sums of money into company-controlled accounts. We know for certain that properly regulated firms do not operate in this manner.

As a result, we were unable to gain closer access to the iX Broker client portal. That said, even on its official website, the company offers nothing particularly unique, except perhaps a Prop Trading service in cooperation with ViFox College. Therefore, one should not expect any advanced functionality, while basic features today are implemented at an acceptable level even by outright scammers.

Note! The broker offers all applications in two versions — Basic and Pro — along with corresponding account types. Unfortunately, without an active account, we were unable to identify the differences between them or the criteria used for client categorization. The latter issue was of particular interest to us, since the regulator the company claims to work with does not require a distinction between retail and professional traders.

iX Broker Trading Instruments and Platforms

The company offers traders a fairly solid selection of trading instruments, including:

• 70+ Forex currency pairs.
• CFDs on major stock market indices.
• CFDs on the most popular U.S.-listed stocks.
• CFDs on precious metals and key commodity market assets (oil and other energy resources, industrial metals such as copper, and agricultural products).
• 100+ cryptocurrency CFDs.

We can see that iX Broker has taken no original approach when it comes to the selection of trading instruments. Instead, it offers a fairly standard set of assets, with price information that can be obtained from numerous publicly available sources.

At the same time, we doubt that these prices have much in common with those provided by professional electronic market data vendors (such as Reuters). This approach is typical of fraudulent projects or of companies forced to cut costs literally everywhere because they have failed to attract the expected inflow of deposits.

Apparently, the firm believes that quotation accuracy is not particularly important for its clients. Judging by the wording of the client agreements, even arbitrage trading is prohibited on the platform. However, if the broker is primarily targeting market newcomers, such a position may seem logical from its perspective.

This also helps explain the rather limited range of digital assets available for trading. Offering 100+ pairs with USDT as the base currency is far from the selection expected by traders who aim to earn consistently from crypto trading. While this may be sufficient to satisfy the curiosity of most beginners, the absence of new and potentially high-yield cryptocurrencies (such as meme coins or other speculative tokens) significantly reduces the opportunity to achieve the returns many crypto traders are looking for.

Unfortunately, without an active account, we were also unable to access the iX Broker trading platform. That said, judging by the “How to Trade” video, the broker appears to offer a reasonably solid web-based terminal built on the TradingView widget, which is popular among smaller developers. Naturally, it inherits the platform’s key advantages, including a rich set of technical indicators and graphical tools for technical analysis. The company’s version also supports multi-chart mode.

However, the main drawback of terminals based on this widget remains: users cannot add custom indicators or scripts, nor can they integrate third-party products. Overall, the software leaves a generally positive visual impression, but its technical parameters (such as order execution speed) remain unknown.

Account Types Offered

When it comes to publishing trading conditions, iX Broker performs much worse. We attempted to find a complete list of tradable instruments and detailed transaction parameters (contract specifications) within the Markets section. Instead, we encountered a collection of TradingView widgets displaying current prices for only three or four assets, along with a price chart widget where users can select both the trading instrument and the quote provider.

From the standpoint of understanding actual trading conditions on this specific platform, such information is completely useless.

• The minimum deposit amount is USD 50.
• The minimum trade volume step is 0.001 standard lots.
• Margin Call / Stop Out levels are set at 100% / 30%.

In addition, the same section states that spreads are floating, trading commissions are charged on transactions, and after registration, traders can receive 30 days of swap-free trading.

The broker also publishes, in a pop-up window, detailed information on leverage levels for different asset classes and for Basic and Pro accounts (which, incidentally, is the only difference between these account types). The same window also lists the exact trading commission amounts.

As we can see, the fees charged by the broker for trading are generally acceptable. When recalculated into figures commonly used by other brokers, they amount to $2 per lot per side ($4 round-turn) for all instruments, and only for stocks — $3.5 / $7 respectively.

However, the approach to leverage is rather unconventional. In practice, leverage levels for most assets are identical for both Basic and Pro accounts. The exception is Forex pairs and gold, where Basic account holders can use leverage of up to 1:300, while Pro accounts are limited to just 1:100.

We are used to a different logic: many licensed brokers reduce leverage for retail traders in order to limit risks, while increasing it for professional clients who are familiar with risk management techniques.

Here, we see the opposite approach. However, considering that the company appears to target beginners, this strategy becomes easier to explain. It is novice traders who bring the bulk of deposit funds to such platforms, and extracting those funds efficiently is clearly a priority. That is why iX Broker offers them leverage that is three times higher, naturally without clearly emphasizing that the risks increase proportionally.

Deposits and Withdrawals

The FAQ on the main page covers some terms and conditions for financial transactions: payment methods, the minimum deposit amount (USD 50), and a 4% fee charged when sending funds via TopExchange. In the Academy section, you can also find a video, “How to Deposit Funds,” which provides step-by-step instructions. However, one fact is important: all deposit methods use cryptocurrency.

This immediately raises several concerns. For example, are the platform’s owners aware that cryptocurrency transfers do not comply with AML requirements? How is transaction security ensured? How does the broker control deposits from third parties or withdrawals to third-party wallets?

These questions are largely rhetorical. We know for certain that the company cannot provide clear answers to them due to the very nature of blockchain transactions. Without a doubt, this is a typical approach used by scam projects and represents a serious red flag in the broker’s operations.

iX Broker Legal Status: Legitimate or Not?

So far, we have not explicitly stated that this broker is a scam, even though we already have more than enough grounds to suspect it. However, we believe that drawing final conclusions before analyzing the official data would be premature.

First, we looked at the website footer, as this is where almost every broker now places information about registration and licensing. So what does iX Broker show us?

• A UK address.
• Claims that companies within the holding operate under the supervision of the UK regulator (FCA), the Cyprus regulator (CySEC), and the Australian regulator (ASIC), and also cooperate with firms regulated by the CFTC (USA).
• A statement that the company operating ixbroker.com is regulated by the Mwali International Services Authority (MISA).

We will leave the bold claims about such an impressive holding structure to the platform’s “specialists,” especially since there are no other references to it anywhere on the site, and focus instead on the company itself. On the About page, an MISA license number is provided, which can be easily verified.

An entry in the regulator’s database confirms the registration of a legal entity named IXBROKER LTD on the autonomous island of Mwali (Moheli), Union of the Comoros, under number HT01025102 in October 2025, as well as the existence of an active license No. BFX2025127 issued by MISA on October 20, 2025. Thus, the broker is indeed officially registered and operates under a permit issued by the Mwali regulator.

However, the actual value of such a license is close to zero. We are aware of dozens of cases where outright scam projects have operated under its cover. The reason is simple: obtaining this license is extremely easy, and the total cost of the entire procedure does not exceed EUR 5,000 (approximately EUR 1,600 for application submission and registration, plus around EUR 2,400 as an annual license fee). The only potential obstacle is the requirement for a share capital ranging from EUR 50,000 to EUR 250,000. However, this is not a payment for the license itself but merely a declared amount, which can take almost any form (for example, company shares held in foreign depositories or funds in overseas bank accounts). Since access to these assets is not restricted for the legal entity, it is sufficient to demonstrate their availability only during the registration and licensing process. Clearly, such requirements can be met by virtually anyone.

As a result, the MISA license is extremely cheap and easy to obtain. At the same time, the regulator’s approach imposes almost no real obligations on the broker in terms of client protection: it does not set requirements for the professional qualifications of management or staff, does not conduct regular audits, does not require client funds to be held in segregated accounts, and does not mandate participation in deposit insurance schemes or compensation funds.

Is it any surprise that such a document issued by MISA is not recognized in most countries around the world, while the Central Bank of the Comoros (the official regulator of the Union of the Comoros) has published an official notice stating that these licenses are issued illegally and have no legal force? This document is publicly available and clearly questions the legitimacy of offshore banking and brokerage licenses issued in this jurisdiction.

It is also worth noting that the broker claims to have an office located in London, United Kingdom. This naturally raises an important question: in which region is iX Broker actually conducting its business? In the UK and across Europe, brokers are required to hold licenses from local regulators in order to operate legally, and providing services on the basis of an MISA license is unlawful in these jurisdictions. In Africa, Southeast and Central Asia, Oceania, and the Middle East, regulatory requirements are generally much less stringent (and even then, not in all countries). However, if the broker were truly focused on serving clients in those regions, maintaining an office in London would make little practical sense.

Overall, obtaining a license from the Mwali regulator looks far less like an attempt to provide brokerage services on a lawful basis and much more like an effort to give them the appearance of legitimacy at minimal cost. As we have already noted, dozens of pseudo-brokers have chosen exactly this path. The likelihood that we are dealing with a company from that same category is extremely high.

Company History

Most of the points outlined above are fully confirmed by the broker’s own history. We have already established that the company registered on Mwali and obtained a local license only in October 2025. However, Whois data indicates that the platform itself has existed for a longer period.

The operating domain ixbroker.com was registered back in early January 2024, and snapshots from the Web Archive confirm that the project’s official website was launched in the same year, albeit somewhat later. Interestingly, these archived versions reveal some telling details: in 2024, the company was already assuring clients that its “holding” possessed numerous licenses from regulators in different countries, while in reality it was registered merely as an IBC in Saint Lucia (No. 2024-00330) and, unsurprisingly, was providing services without any brokerage license at all.

This means the company has extensive experience operating illegally and serving clients from various jurisdictions. Giving its activities a semblance of legality appears to be something iX Broker only bothered to do toward the end of 2025.

Ixbroker.com Online Reputation

The overall picture painted by user reviews of this broker’s activities is rather bleak. To begin with, there are only 13 reviews on Trustpilot (over more than two years of the platform’s existence). Is that few? Certainly. However, the portal’s administration has also played a role here, warning that it detected a large number of fake comments about iX Broker and removed them. We have little doubt that most of those deleted reviews were overly positive.

On the same platform, there are more than two dozen posts related to my.ixbroker.com. Most likely, users are referring to the broker’s Client Area, and they speak about it in extremely negative terms. One hundred percent of these reviews are negative, openly calling the company a scam. The complaints vary, but the most common issues involve delays in withdrawals or outright refusal to process payout requests.

Naturally, we cannot ignore the opinions of experts from specialized industry portals. There, the broker also receives very low ratings (for example, 1.53 out of 10 on WikiFX). Potential clients are explicitly urged to exercise caution, as such ratings leave little reason to expect anything positive from this company.

The Final Take

Based on the materials we gathered for this iX Broker review, we are dealing with a broker that does not deserve trust. The project’s owners formally registered the company and even obtained an MISA license in order to claim they operate within a legal framework. However, that is where their efforts seem to end. Trading conditions are not fully disclosed and do not inspire confidence, the license is recognized almost nowhere, and client reviews are overwhelmingly negative. Those who wish to protect their capital would be better off avoiding any interaction with this firm.

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