Written by ForexBrokers.com
In this head to head comparison of eToro 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.
When considering online brokers, eToro and IUX differ significantly in their trust and regulatory standings. Founded in 2007, eToro is a publicly traded platform boasting three Tier-1 licenses, making it highly trusted in the financial community. According to ForexBrokers.com, this results in an impressive Trust Score of 96 out of 99, indicating that users can rely on eToro for robust regulatory compliance and financial oversight.
On the other hand, IUX, established in 2016, is not publicly traded and holds only one Tier-1 license. With an additional Tier-2 license, it achieves an average Trust Score of 78, placing it in the average risk category. While both eToro and IUX are not banks, their differences in regulatory licenses and public market presence provide a clear picture of the heightened trustworthiness of eToro in the online brokerage space.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Year Founded | 2007 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When considering commissions and fees, eToro and IUX each offer distinct options tailored to different trading preferences. eToro, a market-maker broker, typically presents retail traders with a variable spread of 1 pip on the EUR/USD pair, which tends to be higher than the industry average. However, many traders opt for eToro not just for its pricing but for its social copy trading platform. The broker also features a VIP club known as the eToro Club, boasting five membership tiers—from Silver to Diamond—each offering exclusive perks like trading insights, reduced withdrawal and deposit fees, and personal account management. eToro receives a commendable 4.5-star rating for its commissions and fees and is ranked #22 out of 63 brokers by ForexBrokers.com.
In contrast, IUX provides various account types to suit different trading styles, including spread-only and commission-based accounts. The Standard and Standard+ accounts require a mere $10 minimum deposit, with the main difference being Standard+ offers deposit bonuses at the cost of wider spreads. For more active traders, IUX's Raw and Pro accounts both need a $500 minimum deposit. The Raw account provides the lowest spreads but imposes a commission of $6 per 100,000 units traded, while the Pro account is spread-only and offers lower spreads compared to the Standard accounts without any commission charges. The average spread on IUX’s Pro account is 0.7 pips on EUR/USD, marginally outpacing the Standard account's 0.9 pips. Meanwhile, the Raw account achieves close to 0.6 pips after including the commission. IUX earns a respectable 4-star rating and is ranked #48 for commissions and fees among 63 brokers by ForexBrokers.com.
Ultimately, while eToro excels in social trading features and VIP benefits, IUX offers competitive pricing depending on the account type. Traders should weigh their priorities between VIP benefits, social trading options, the variety of account types, and the trade-offs between spreads and commissions before making a decision. Whether counting on exclusive membership privileges with eToro or affordable trading scenarios with IUX, both brokers offer solid pathways tailored to different trading ambitions.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | 10 |
| Average Spread EUR/USD - Standard | 1 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
eToro stands out in terms of its diverse range of investment options. With a staggering 5,461 tradeable symbols, it accommodates the needs of investors looking to explore a wide variety of markets. Whether it's forex trading, with 55 pairs available as either CFDs or spot contracts, or trading exchange-traded securities on major U.S. and international exchanges, eToro covers it all. Investors can purchase notable stocks like Apple and Vodafone directly. Additionally, eToro offers the flexibility to buy both actual cryptocurrencies and crypto derivatives. A unique feature of eToro is its copy trading ability, allowing users to mirror the trades of successful investors, adding another layer to its comprehensive offering.
In contrast, IUX provides a narrower selection of investment opportunities. With only 152 tradeable symbols and 34 forex pairs, IUX may appeal to those seeking a straightforward trading experience but might feel limited compared to eToro. While IUX does facilitate forex trading through CFDs or spot contracts and allows trading on international exchanges like the London Stock Exchange, it lacks direct access to U.S. exchange-traded securities. Unlike eToro, IUX doesn't offer copy trading or the option to buy actual cryptocurrencies, focusing solely on cryptocurrency derivatives. Reflecting these differences, eToro receives a 5-star rating for its investment range, greatly surpassing IUX's 3.5 stars, and ranks significantly higher in industry comparisons.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 152 |
| Forex Pairs (Total) | 55 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | 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 eToro and IUX offer unique features to meet diverse trading needs. eToro shines with its user-friendly web-based platform, appealing to those seeking simple navigation online without a desktop install. Notably, eToro excels in social trading, offering copy trading to replicate the strategies of successful investors. Though it may lack Windows-based and MetaTrader support, eToro compensates with a suite of drawing tools for charting and a robust selection of adjustable watch list fields, adding depth to its trading experience. This focus on accessibility and innovation garners eToro a commendable 4.5-star rating and an impressive #8 ranking among 63 brokers in the Trading Platforms and Tools category.
On the other hand, IUX provides traders with access to a proprietary platform available both on the web and as a Windows desktop download, suiting those who prefer different setups. IUX includes MetaTrader 5, catering to more traditional traders who favor powerful technical analysis features. It further supports direct trading from stock charts, providing a streamlined process that some investors may find advantageous. Despite offering fewer drawing tools and diversity in watch list customization compared to eToro, IUX's comprehensive offerings earn it a 3.5-star rating. However, its toolset and trading platforms position it at #59 out of 63 brokers according to ForexBrokers.com, indicating room for growth in its platform offerings.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 106 |
| Charting - Drawing Tools (Total) | 161 | 89 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking a convenient and friendly mobile trading experience, both eToro and IUX provide apps for iPhone and Android devices. eToro stands out with features like stock and forex price alerts, seamless watchlist symbol syncing between the mobile app and online account, and the ability to view various time frames on charts. These features enhance usability for users who require real-time updates and consistency across platforms. On the other hand, IUX lacks price alerts and watchlist syncing capabilities, which are crucial for active monitoring and management of trades on-the-go.
While both platforms offer the ability to create watchlists with real-time quotes, eToro is slightly behind IUX in charting, offering 104 technical studies compared to IUX's 106. However, eToro receives a higher rating of 4.5 stars for its mobile app, compared to IUX's 3.5 stars. This rating aligns with their rankings by ForexBrokers.com, with eToro impressively placed at #10 out of 63 brokers, whereas IUX lags behind at #60. Notably, IUX's app does auto-save chart drawings, which could appeal to users who frequently adjust and refine their technical analyses. Nevertheless, eToro's comprehensive features make it a compelling choice for those prioritizing alerts and interconnected trading experience.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 106 |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, eToro and IUX offer distinct advantages for traders and investors. eToro stands out by providing daily market commentary to keep users informed on the latest developments, a feature that IUX does not offer. Both platforms do not provide forex news from major news sources like Bloomberg or Reuters. However, eToro delivers more comprehensive research tools by incorporating Trading Central's technical analytics, a key resource that is missing in IUX’s offerings. eToro also shines with its sentiment-based trading tool, which gives insight into market trends by showing the ratio of long or short positions across various instruments. Furthermore, eToro provides market research from TipRanks, whereas IUX does not include this valuable information in its platform.
Both eToro and IUX feature an economic calendar that displays upcoming global news events, ensuring users stay informed about economic shifts worldwide. In terms of research ratings, eToro receives an impressive 4.5-star rating, underscoring its commitment to delivering quality market insights, while IUX holds a modest 3-star rating. Ranking 13th among 63 brokers by ForexBrokers.com for research, eToro significantly surpasses IUX, which ranks 59th. This comparison highlights eToro’s stronger research capabilities, making it a more appealing choice for those seeking detailed market analysis and tools to support their trading strategy.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners on eToro and IUX, eToro stands out significantly. eToro excels by offering more than ten educational materials, such as articles and videos, focusing on forex and CFDs. Beginners can benefit from their monthly online webinars, with a collection of recorded sessions available for future reference. Additionally, eToro supports learners with over ten beginner-specific trading videos and an expansive dictionary with definitions of more than 50 investing terms.
In contrast, IUX lacks in several educational areas that are crucial for beginners. While IUX also provides over ten beginner trading videos, it does not meet the mark in areas such as forex and CFDs education or maintaining a library of past webinars. IUX offers fewer resources for those seeking comprehensive learning experiences. This disparity in educational offerings reflects in their ratings: eToro holds an impressive 4.5 stars and the 5th place in ForexBrokers.com's Education category, whereas IUX earns 3 stars and ranks 59th. This makes eToro a more reliable choice for those beginning their trading journey.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 eToro is better than IUX. eToro finished with an overall rank of #9, while IUX finished with an overall rank of #55.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 78 |
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When comparing online brokers, eToro allows users to purchase actual (delivered) cryptocurrency as well as cryptocurrency derivatives, whereas IUX solely offers the option to buy cryptocurrency derivatives without the ability to purchase the actual (delivered) cryptocurrency.
In comparing online brokers eToro and IUX, eToro offers a more diverse range of deposit and withdrawal options, including ACH or SEPA transfers and PayPal, alongside common methods like Skrill, Visa, Mastercard, and bank wires, whereas IUX provides Skrill, Visa, Mastercard, and bank wires but lacks the availability of ACH, SEPA transfers, and PayPal.
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 | eToro | IUX | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | IUX | |
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| Regulation | eToro | IUX | |
|---|---|---|---|
| Trust Score | 96 | 78 | |
| Year Founded | 2007 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | eToro | 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 | eToro | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 152 | |
| Forex Pairs (Total) | 55 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | IUX | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | 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 | Yes | No |
| Trading Platforms | eToro | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 46 | |
| Charting - Indicators / Studies (Total) | 104 | 106 | |
| Charting - Drawing Tools (Total) | 161 | 89 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | eToro | 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 | 104 | 106 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | No |
| Research | eToro | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | 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 | eToro Review |
| Overall | eToro | IUX | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | eToro Review |
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