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 online brokers founded in 2009 and 2016, respectively. Neither is publicly traded or operates as a bank. In terms of regulatory standing, Eightcap holds three Tier-1 licenses, indicating a high level of trust in its regulatory compliance. On the other hand, IUX holds one Tier-1 license and one Tier-2 license. While both brokers show commitment to regulation, Eightcap achieves a higher level of trust by holding more Tier-1 licenses, which are seen as the most reliable.
When evaluating trust and safety, Eightcap has a Trust Score of 85, placing it in the "trusted" category according to ForexBrokers.com. Conversely, IUX has a Trust Score of 78, denoting it as an average risk broker. This comparison suggests that users looking for a safer and more reliable trading experience might prefer Eightcap over IUX, though both offer regulated services. Ultimately, the choice may depend on other factors like user interface, trading tools, and customer support.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Year Founded | 2009 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating Eightcap and IUX for commissions and fees, both brokers aim to offer competitive pricing structures through a variety of account options. Eightcap provides two distinct account types: the commission-based Raw account and the spread-only Standard account. The Raw account is noted for an average spread of 0.06 pips, but when including the $3.50 per-side commission, the effective cost reaches about 0.76 pips, just slightly under the industry average of 0.8 pips. While Eightcap is regarded as a bit more costly compared to the absolute cheapest options available, it receives a solid 4-star rating for commissions and fees, and ranks 26th out of 63 brokers reviewed by ForexBrokers.com.
IUX offers flexible account options to suit different trading needs, from spread-only accounts to commission-based ones designed for active traders. The Standard accounts require a minimal $10 deposit, with the choice between broader spreads that offer promotional bonuses, or tighter spreads without bonuses. For those who trade more frequently, the Raw and Pro accounts each require a higher $500 deposit. The Raw account, with its lower advertised spreads, attaches a commission of $6 per 100,000 units traded, whereas the Pro account solely relies on spreads, offering narrower spreads than the Standard accounts. IUX's competitive pricing doesn’t quite reach the level of the industry’s lowest-cost leaders, yet the Pro account offers notable savings. It holds a 4-star rating and ranks 48th for commissions and fees by ForexBrokers.com.
In summary, both Eightcap and IUX present viable options for traders, with Eightcap offering slightly better pricing for their Raw account when all costs are considered. Their respective star ratings of 4 reflect reliable fee structures, but Eightcap’s higher ranking indicates a stronger overall value proposition in terms of fees when compared to IUX. Traders should assess the balance of spreads, commissions, and minimum deposit constraints based on their trading strategy and frequency.
| 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.
When comparing the available range of investments between Eightcap and IUX, several key points emerge. Both brokers enable forex trading through CFDs, with Eightcap offering a broader selection of 800 tradeable symbols, as opposed to IUX's 152. Eightcap also stands out in the forex market, providing 56 tradeable forex pairs compared to IUX's 34. However, while both platforms fall short in offering exchange-traded securities from U.S. exchanges, IUX has the edge by allowing investment in international securities, such as Vodafone shares, which Eightcap does not. Furthermore, Eightcap supports copy trading, offering investors a way to follow successful traders, a feature absent in IUX's offerings.
For cryptocurrency enthusiasts, both Eightcap and IUX allow trading in cryptocurrency derivatives, though they do not offer actual currencies. Despite their differences, both brokers receive a 3.5-star rating for their range of investments. However, Eightcap is ranked #40 in this category by ForexBrokers.com, suggesting a more competitive stance compared to IUX's #60 ranking. As potential investors weigh their options, these distinctions can play a crucial role in choosing the most suitable platform for their trading needs.
| Feature |
Eightcap
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 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 #55.
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
|
|---|---|---|
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| Trust Score | 85 | 78 |
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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 | 78 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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| Regulation | Eightcap | IUX | |
|---|---|---|---|
| Trust Score | 85 | 78 | |
| 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 | 1 | |
| 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 | Yes | |
| 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) | 800 | 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 | 78 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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