Written by ForexBrokers.com
In this head to head comparison of IUX vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When choosing between online brokers, it's essential to consider their background and trustworthiness. IUX, founded in 2016, holds one Tier-1 license and one Tier-2 license, offering a noteworthy level of safety in the online trading world. Despite not being a bank or publicly traded, IUX earns a Trust Score of 78 from ForexBrokers.com, marking it as an average risk for traders. In contrast, Alpari, established in 1998, operates without any Tier-1 or Tier-2 licenses. Like IUX, Alpari is neither a bank nor publicly traded, and holds a Trust Score of 68, which places it in the high-risk category.
Both brokers have their own set of strengths and weaknesses, but IUX’s acquisition of Tier-1 and Tier-2 licenses suggests a higher level of commitment to regulatory compliance compared to Alpari. These differences make IUX an appealing choice for traders prioritizing regulatory reassurance. Meanwhile, Alpari's longer standing in the market may attract those who value historical presence. Ultimately, informed choices stem from understanding each broker's regulatory standing and risk level as indicated by their respective Trust Scores.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Year Founded | 2016 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
IUX offers a range of account types that cater to different trading preferences, primarily influencing the commission and fee structure for users. For those opting for Standard accounts, a modest deposit of $10 is required. The Standard+ account, although featuring wider spreads, entices with deposit bonus promotions. Conversely, the Standard account presents lower spreads without such promotional perks. Traders who are more active may lean towards the Raw and Pro accounts, both necessitating a $500 deposit. The Raw account is notable for advertising the lowest spreads, albeit with a commission of $6 per 100,000 units. In comparison, the Pro account operates on a spread-only basis, typically offering more competitive spreads than its Standard counterparts. The average spreads for IUX's accounts range from 0.6 pips for the Raw account, influenced by its commission, to 0.9 pips on the Standard account, making pricing competitive yet not industry-leading.
Alpari, although missing specific data on average spreads, holds a slightly higher standing in the realm of commissions and fees amidst its peers. Unlike IUX, which provides detailed account comparisons and specific spread figures, Alpari's lack of transparency in average spread information leaves potential users with less baseline data for comparison. Despite this, both brokers align when it comes to their star ratings, each securing 4 out of 5 stars for their commissions and fees. However, they differ in industry ranking, with Alpari positioned slightly better at #41 compared to IUX's #48 among 63 brokers reviewed by ForexBrokers.com.
When considering online brokers like IUX and Alpari, traders should factor in both the cost structures, from commissions and spreads to initial deposit requirements, and the ratings and rankings that offer insight into each broker's comparative value. While IUX provides a range of account settings to accommodate varying trading needs, Alpari's higher relative ranking suggests an edge, particularly for those prioritizing the commissions and fees aspect of trading.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Minimum Deposit | 10 | $20 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments offered by online brokers IUX and Alpari, both platforms provide opportunities for forex trading via CFDs or spot contracts. IUX offers a wider selection of tradeable symbols, with 152 options compared to Alpari's 105. However, Alpari surpasses IUX in the variety of tradeable forex pairs, providing 46 pairs versus IUX's 34. Neither broker allows trading of exchange-traded securities on U.S. exchanges, but they both offer access to international exchanges. This means that while investors can trade companies like Vodafone on both platforms, they can't buy U.S.-based stocks like Apple directly.
In terms of additional investment features, Alpari has a slight edge due to its support for copy trading, which is not available on IUX. Both brokers offer cryptocurrency derivatives but not actual delivered cryptocurrency. While IUX is rated slightly higher for its range of investments, with 3.5 stars compared to Alpari's 3 stars, it still ranks 60th out of 63 brokers, with Alpari just behind at 63rd. This highlights that while there are differences in offerings, both brokers have improvements to make in expanding their investment choices.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 152 | 105 |
| Forex Pairs (Total) | 34 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, both IUX and Alpari offer a variety of features to cater to their clients' needs. IUX provides a proprietary platform developed in-house, along with support for MetaTrader 5, a powerful trading platform favored by many traders. It caters to diverse trading preferences with its web-based and Windows desktop platforms. Despite these strengths, IUX lacks support for MetaTrader 4 and copy trading, which limits options for some users. While IUX excels with 89 drawing tools for charting and the ability to trade directly from a stock chart, it falls short overall with a 3.5-star rating and a #59 ranking in the Trading Platforms and Tools category by ForexBrokers.com.
Alpari, on the other hand, covers a broad spectrum by offering both MetaTrader 4 and MetaTrader 5, appealing to traders who prefer these incredibly popular platforms. Like IUX, Alpari also provides its proprietary platform and enables trading from web browsers and Windows-based systems. Notably, Alpari supports copy trading, a valuable feature for inexperienced traders who wish to mimic the trades of seasoned professionals. However, with only 15 drawing tools for charting and 7 watch list columns, it may lack some advanced charting options. Sporting a 4-star rating, Alpari ranks slightly higher at #55 among brokers for its trading platforms and tools, reflecting a more comprehensive offering overall compared to IUX.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Drawing Tools (Total) | 89 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 46 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps of IUX and Alpari, both offer accessibility on iPhone and Android devices. Alpari stands out with its stock and forex price alerts, a feature not provided by IUX. However, both platforms fall short in offering watchlist symbol syncing between the mobile app and online accounts. If charting capability is essential, IUX offers 106 technical studies compared to Alpari's 30. While neither app has watchlist symbol syncing, IUX auto-saves chart drawings, a feature not available with Alpari.
For those who value multiple time frame views, both trading apps allow for options like daily and weekly chart perspectives. Alpari provides the added benefit of drawing trendlines on charts. There is also the capability to create watchlists with real-time quotes on both platforms. In terms of app ratings, Alpari slightly edges out IUX with a 4-star rating compared to IUX's 3.5 stars. In the ForexBrokers.com rankings for mobile trading apps, Alpari is positioned at #56, ahead of IUX's rank of #60 out of 63 brokers. Overall, choosing between these two may depend on specific features and charting preferences.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 106 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers IUX and Alpari, there are several key differences and similarities to consider. Neither broker provides daily market commentaries, impacting traders who rely on regular updates. In terms of forex news, Alpari has an edge by offering news from top-notch sources such as Bloomberg and Reuters, a feature missing from IUX. Both brokers offer economic calendars, which is valuable for tracking global news events that may affect trading, but unfortunately, neither provides research tools from renowned companies like Autochartist, Trading Central, TipRanks, or Acuity Trading.
Despite these offerings, both IUX and Alpari are rated three out of five stars for research by ForexBrokers.com, indicating moderate satisfaction with their research services among traders. When it comes to ranking, Alpari slightly edges out IUX, holding the 57th spot compared to IUX's 59th position among 63 brokers in the ForexBrokers.com research category. For traders who prioritize reliable market research tools in their trading strategy, these details highlight where IUX and Alpari stand and what improvements might be needed to enhance their research capabilities further.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing IUX and Alpari through the lens of educational resources for beginner traders, several distinctions emerge. IUX provides a solid selection of beginner educational videos that can help newcomers get acquainted with trading essentials. However, it falls short on offering a diverse array of educational materials, such as articles or webinars specifically focused on forex or CFDs. In contrast, Alpari offers a minimum of ten educational pieces designed to cover forex and CFDs, giving beginners a wider range of learning resources to explore from the outset. Additionally, Alpari supplies an investor dictionary with over 50 investing terms, which could be a valuable resource for those new to the trading world.
Neither broker provides live educational webinars, nor do they maintain an archive of recorded webinars for users to access at their convenience. This limits hands-on learning opportunities for traders who benefit from interactive content. Advanced traders might find both platforms lacking in advanced video content, as neither offers videos aimed at seasoned investors. Despite these limitations, both IUX and Alpari hold an education rating of three stars. However, Alpari is ranked higher in the education category by ForexBrokers.com, suggesting it pockets a slight edge in educational offerings over IUX.
| Feature |
IUX
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IUX is better than Alpari. IUX finished with an overall rank of #55, while Alpari finished with an overall rank of #58.
IUX offers a basic trading experience built around MT5 and a proprietary mobile app, featuring low minimum deposits, multiple account types, and a modest range of tradeable markets.
| Feature |
IUX
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 68 |
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Both IUX and Alpari do not provide the option to buy actual delivered cryptocurrency; however, they both offer the ability to purchase cryptocurrency derivatives.
Both IUX and Alpari do not offer ACH, SEPA, or PayPal for account transactions, but they both support Skrill, Visa, Mastercard, and bank wires for depositing or withdrawing funds.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IUX | Alpari | |
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| Trust Score | 78 | 68 | |
| Winner | check_circle | ||
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| Broker Screenshots | IUX | Alpari | |
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| Regulation | IUX | Alpari | |
|---|---|---|---|
| Trust Score | 78 | 68 | |
| Year Founded | 2016 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IUX | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | IUX | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IUX | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 152 | 105 | |
| Forex Pairs (Total) | 34 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IUX | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IUX | Alpari | |
|---|---|---|---|
| Minimum Deposit | 10 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IUX | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IUX | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 46 | 7 | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Drawing Tools (Total) | 89 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | IUX | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 106 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | IUX | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IUX | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | IUX | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | IUX | Alpari | |
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| Trust Score | 78 | 68 | |
| Winner | check_circle | ||
| Review |
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