Written by ForexBrokers.com
In this head to head comparison of Eightcap vs IUX, 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.
Eightcap and IUX are two online brokers that differ significantly in their regulatory standings and trust scores. Founded in 2009, Eightcap boasts a higher ForexBrokers.com Trust Score of 85, placing it in the 'trusted' category. It holds three Tier-1 licenses, indicating a high level of trustworthiness in the industry. In contrast, IUX, established in 2016, holds a lower Trust Score of 69, falling into the 'high risk' category. It manages to hold one Tier-2 license but lacks any Tier-1 licenses that are important for higher trust ratings.
Neither Eightcap nor IUX is publicly traded, and neither operates as a bank, which is standard for online trading platforms. However, when assessing trust and regulatory compliance, Eightcap clearly stands out with its multiple Tier-1 licenses and higher trust rating. This makes Eightcap a potentially more reliable choice for individuals seeking an online broker, compared to IUX, which has a more modest regulatory presence.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Year Founded | 2009 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Eightcap and IUX both offer a range of account options designed to suit different trading styles, from spread-only accounts to those with commissions. Eightcap provides two account types: the commission-based Raw account and the spread-only Standard account. With the Raw account, you receive an average spread of 0.06 pips, but after adding a per-side commission of $3.50 per trade, the all-in cost rises to approximately 0.76 pips, just below the industry average of 0.8 pips. Overall, Eightcap is slightly more expensive than the most affordable forex brokers, earning a 4-star rating and ranking 26th out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
IUX offers various account types tailored to both occasional and active traders, with options ranging from their budget-friendly Standard account to the commission-based Raw account. The Standard account requires a $10 minimum deposit and provides lower spreads, whereas the Standard+ option allows for promotional bonuses but features wider spreads. For more active traders, the Raw account presents the lowest spreads with a commission charge of $6 per standard lot, while the Pro account offers lower spreads without commissions. IUX lists an average spread of 0.7 pips on its Pro account and 0.9 pips on its Standard account, with the Raw account offering spreads close to 0.6 pips after accounting for commissions. Although competitive for a smaller broker, IUX doesn't quite match the industry leaders in affordability, receiving a 4-star rating and ranking 49th in the Commissions and Fees category by ForexBrokers.com.
When deciding between Eightcap and IUX, consider the different pricing structures, including the implications of spreads, commissions, and initial deposit requirements. Both brokers cater to different types of traders, but the choice largely hinges upon how these costs align with your trading strategy and financial preferences.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 | 10 |
| Average Spread EUR/USD - Standard | 1.0 | 0.9 |
| All-in Cost EUR/USD - Active | 0.76 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
Eightcap and IUX both provide opportunities for forex trading through CFDs or spot contracts, giving traders access to the foreign exchange market. However, Eightcap shines by offering a significantly larger variety of tradable symbols, with 736 options compared to IUX's 152. When it comes to forex pairs, Eightcap also comes out ahead with 56 pairs available, while IUX offers 34. Although neither broker provides exchange-traded securities on U.S. exchanges, IUX has an advantage over Eightcap by offering international exchange-traded securities, allowing clients to buy shares like Vodafone from the London Stock Exchange.
Both brokers support trading cryptocurrency derivatives, but neither allows for direct cryptocurrency purchases. A notable edge Eightcap has over IUX is its provision for copy trading, a feature not available at IUX. Despite these differences, both Eightcap and IUX receive the same rating of 3.5 stars for their range of investments. However, in a comparative ranking by ForexBrokers.com, Eightcap is placed at #40 out of 63 brokers, whereas IUX finds itself ranked at #60. This suggests a slight preference for Eightcap's offerings in the broader investment landscape.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 152 |
| Forex Pairs (Total) | 56 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
Eightcap and IUX both offer paper trading with free virtual demo accounts, making them suitable for beginners looking to practice without financial risk. Eightcap utilizes well-known trading platforms like MetaTrader 4 and MetaTrader 5, while IUX differentiates itself with a proprietary trading platform developed in-house, alongside offering MetaTrader 5. Both brokers provide web-based platforms accessible via your browser and enable trading directly from stock charts, offering convenience and flexibility for traders preferring different interfaces.
When comparing the range of tools and capabilities, Eightcap offers copy trading and supports both MT4 and MT5, adding versatility to your trading strategies. In terms of charting, Eightcap provides 15 drawing tools, whereas IUX offers a broader selection with 89 tools, ideal for detailed chart analysis. For watch lists, Eightcap allows for 7 fields, while IUX impresses with 46 columns, giving a more comprehensive view of market data. Despite these tools, Eightcap is rated slightly higher with 4 stars for trading platforms and tools, securing the 38th rank, compared to IUX's 59th rank and 3.5-star rating, suggesting a more refined and favorable experience overall with Eightcap.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Eightcap and IUX offer options compatible with iPhone and Android devices, but they differ in certain features. Eightcap sets the bar higher by providing stock and forex price alerts and the convenience of watchlist symbol syncing, allowing seamless updates between mobile devices and online accounts. IUX, on the other hand, lacks these capabilities. Both apps enable users to create watchlists with real-time quotes and automatically save drawings on stock or forex charts. IUX shines with a wider variety of technical studies, offering 106 compared to Eightcap's 30. However, Eightcap provides more versatility with tools like trendline drawing and viewing different time frames on charts.
In terms of user ratings, Eightcap scores slightly higher with four stars compared to IUX's 3.5-star rating. Rankings by ForexBrokers.com further emphasize this distinction, placing Eightcap at #38 out of 63 brokers while IUX comes in at #60. Whether prioritizing comprehensive analysis tools or enhanced user experience, traders should consider these differences when choosing the right mobile trading app for their needs.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, Eightcap and IUX show distinct differences that may influence your decision-making process. Eightcap stands out with its daily market commentary, offering timely insights to traders, a service not available with IUX. Additionally, Eightcap provides a sentiment-based trading tool that reveals the ratio of long to short positions, giving traders a helpful perspective on market movements. Both brokers offer an economic calendar for tracking global news events, although neither provides forex news from top-tier sources, tools from Autochartist or Trading Central, or market research from TipRanks or Acuity Trading.
In terms of rankings, Eightcap achieves a higher research rating with 3.5 stars compared to IUX's 3 stars. According to ForexBrokers.com, Eightcap is positioned at #39 out of 63 brokers for research quality, significantly ahead of IUX, which is ranked #59. These comparisons suggest that Eightcap might be the preferable choice for traders who value comprehensive market commentary and sentiment tools, while both brokers offer basic research features like economic calendars.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Eightcap and IUX for educational resources aimed at beginners, Eightcap stands out in several key areas. Eightcap provides a comprehensive selection of educational materials on forex and CFDs, with at least 10 pieces of content, which may include articles, videos, or archived webinars. Additionally, it offers a searchable archive of previously recorded client webinars and a robust investor dictionary covering over 50 investing terms. On the other hand, IUX does not match this offering, as it lacks the minimum number of educational pieces on forex and CFDs, a searchable webinar archive, and a detailed investor dictionary. Both brokers fall short when it comes to holding live monthly webinars and providing advanced trading videos.
Both Eightcap and IUX cater to beginners with a selection of educational videos specifically tailored to those new to trading. However, Eightcap’s extensive range of resources earns it a higher education rating of 3.5 stars compared to IUX’s 3 stars. In rankings by ForexBrokers.com, Eightcap is placed at #40, significantly higher than IUX, which is at #59. For beginners searching for a broker with a solid selection of trading education resources, Eightcap appears to be the better option of the two.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than IUX. Eightcap finished with an overall rank of #38, while IUX finished with an overall rank of #63.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 69 |
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Both Eightcap and IUX do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide options to invest in cryptocurrency derivatives.
When comparing the online brokers Eightcap and IUX in terms of deposit and withdrawal options, Eightcap provides more versatility with options like PayPal, Skrill, Visa, Mastercard, and bank wires, whereas IUX also supports Skrill, Visa, Mastercard, and bank wires, but lacks the PayPal option; neither broker offers ACH or SEPA transfers.
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 | Eightcap | IUX | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | IUX | |
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| Regulation | Eightcap | IUX | |
|---|---|---|---|
| Trust Score | 85 | 69 | |
| Year Founded | 2009 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | IUX | |
|---|---|---|---|
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Eightcap | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 152 | |
| Forex Pairs (Total) | 56 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Eightcap | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.76 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Eightcap | IUX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Eightcap | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Eightcap | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | IUX | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | Eightcap | IUX | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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