Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank, founded in 1999, stands out as a well-regulated online broker with a strong reputation for trustworthiness. As a publicly traded entity and a recognized bank, it holds two Tier-1 licenses, which denote a high level of trust according to ForexBrokers.com. This is further reflected in its impressive Trust Score of 94 out of 99. FinecoBank’s status as a reliable choice for traders is underpinned by its longstanding presence in the financial market and regulatory compliance.
In contrast, IUX, which began operations in 2016, is not publicly traded nor a bank. It holds one Tier-2 license, indicating a moderate level of trust, and has a Trust Score of 69 out of 99, classifying it within the high-risk category. This highlights a notable difference in the regulatory standing and perceived safety between FinecoBank and IUX for those considering trading platforms. FinecoBank's established financial footing and regulatory oversight offers a reassuring option for those seeking more secure trading opportunities.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FinecoBank's pricing structure presents challenges in evaluating its trading costs due to the lack of published average spread data for forex and CFD trading. While a spread of 1 pip for the EUR/USD is listed, it is not provided as an average, which makes it higher compared to typical offerings from other forex brokers. Another listed spread of 0.8 pips lacks specificity as well. However, FinecoBank does seem to provide more competitive spreads for its index CFDs. FinecoBank holds a star rating of 3.5 out of five for commissions and fees and ranks 51st out of 63 brokers in this category according to ForexBrokers.com.
In contrast, IUX offers various account types to suit different trading needs, from spread-only accounts to commission-based accounts for active traders. The Standard account requires a $10 minimum deposit with lower spreads, while the Standard+ account offers deposit bonuses but comes with wider spreads. The Raw and Pro accounts, each needing a $500 minimum deposit, cater to more active traders. The Raw account features low spreads but includes a $6 commission per standard lot, whereas the Pro account is spread-only with lower spreads than the Standard accounts. IUX lists average spreads of 0.7 pips for its Pro account and 0.9 pips for its Standard account, with the commission-based Raw account averaging 0.6 pips when considering the commission. IUX has a higher star rating of 4 out of five for commissions and fees and is ranked 49th out of 63 brokers in this area by ForexBrokers.com.
Overall, FinecoBank offers a less transparent pricing structure with higher spreads, whereas IUX provides more flexible options and generally lower costs, particularly in its Pro account. While neither broker stands out as the industry leader in low-cost pricing, IUX edges out FinecoBank with more competitive offerings and clearer data. Both FinecoBank and IUX have room for improvement in their rankings, with FinecoBank at 51st and IUX slightly better at 49th for commissions and fees.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at FinecoBank and IUX, FinecoBank stands out for its extensive offerings. With 9,770 tradeable symbols, FinecoBank provides a wide array of investment opportunities, including 54 forex pairs and access to exchange-traded securities on both U.S. and international exchanges. This allows investors the flexibility to buy shares like Apple on NASDAQ or Vodafone on the London Stock Exchange. Although FinecoBank does not facilitate buying cryptocurrencies or their derivatives, it still ranks high in investment variety, receiving a commendable 4.5-star rating and securing the 16th position out of 63 brokers in the Range of Investments category.
In contrast, IUX offers a more limited selection, with only 152 tradeable symbols and 34 forex pairs. While IUX provides access to international exchange-traded securities, it lacks the ability for clients to purchase U.S. stocks directly. However, IUX makes up for its limited range by offering cryptocurrency derivatives, adding a unique investment option to its portfolio. Despite these offerings, IUX is rated 3.5 stars for its investment range and is ranked 60th among 63 brokers by ForexBrokers.com. Without options like copy trading or direct cryptocurrency purchases, IUX may appeal to those specifically interested in derivatives, but it lags behind FinecoBank in overall investment diversity.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 152 |
| Forex Pairs (Total) | 54 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
FinecoBank and IUX both provide traders with the essentials in trading platforms, offering proprietary, in-house developed systems that are accessible via Windows-based desktop and web browsers. However, IUX stands out by offering a simulated trading experience through a free virtual demo account, which is particularly valuable for beginners seeking practice without financial risk. FinecoBank lacks this feature, but it compensates with a slightly higher rating in trading platforms and tools, scoring four out of five stars compared to IUX's three and a half.
Despite similarities, the two brokers diverge significantly in advanced platform features. IUX supports MetaTrader 5 (MT5) and provides an impressive array of 89 charting drawing tools, as well as the ability to trade directly from stock charts, which offers increased convenience and flexibility. In contrast, FinecoBank does not support MT5 and offers only seven charting drawing tools, along with no direct trading from charts option. When it comes to watchlist customization, IUX again takes the lead with 46 customizable columns, providing detailed overviews for strategic planning. According to ForexBrokers.com, these features might not fully compensate for IUX's lower ranking at #59 out of 63 for trading platforms and tools, compared to FinecoBank's more competitive #18 ranking.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 106 |
| Charting - Drawing Tools (Total) | 7 | 89 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and IUX offer applications compatible with iPhone and Android devices, but they each have their distinct strengths. FinecoBank's mobile app excels with convenient stock or forex price alerts, giving traders the advantage of staying updated on market changes as they occur. It also allows users to explore different time frames, whether it's daily, weekly, or intraday views. However, it falls short in allowing trendline drawing or syncing watchlist symbols between their mobile app and online account. With a commendable overall rating of 4 stars, FinecoBank ranks 42nd out of 63 brokers in the Mobile Trading Apps category, showcasing strong user approval.
On the other hand, IUX offers a notable edge with a more comprehensive charting experience, featuring 106 technical studies for in-depth analysis. The app also provides automatic chart drawing saves, ensuring no loss of critical annotations. Moreover, IUX users can create watchlists with real-time quotes, further enriching their trading experience. While IUX does not offer stock or forex price alerts or sync watchlists across platforms, its blend of features still offers substantial value. With a 3.5-star rating, it ranks 60th out of 63 brokers in the Mobile Trading Apps category, reflecting areas where improvements could enhance user satisfaction.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 106 |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating FinecoBank and IUX for their market research offerings, several differences come to light. FinecoBank provides forex news from prestigious sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. While neither platform offers daily market commentary or tools from Autochartist and Trading Central, FinecoBank still maintains a competitive edge with its provision of an economic calendar, helping traders stay informed about global news events. IUX also offers an economic calendar, but lacks the level of forex news coverage provided by FinecoBank.
In terms of research ratings, FinecoBank outshines IUX with an impressive 4.0-star rating compared to IUX's 3-star rating. As ranked by ForexBrokers.com, FinecoBank is positioned at #33 out of 63 brokers for research, indicating a strong performance in this category. IUX, on the other hand, is ranked at #59, demonstrating there is room for improvement in its market research services. Overall, FinecoBank seems to offer a more comprehensive research experience, making it a preferred choice for many traders.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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 educational resources for beginners between FinecoBank and IUX, FinecoBank offers a slightly better platform. FinecoBank hosts regular online webinars each month, providing an interactive learning opportunity that IUX does not offer. While neither FinecoBank nor IUX provides a comprehensive library of forex or CFD educational content, both do cater to beginners with at least ten introductory trading videos. However, FinecoBank takes a step ahead with an investor dictionary featuring definitions of over 50 investing terms, a resource that IUX lacks.
Both brokers fall short in delivering advanced educational videos tailored for experienced traders, and neither offers an archive of previously recorded webinars. Despite the limitations, FinecoBank's overall educational offering garners a 4.0-star rating compared to IUX’s 3-star rating. Additionally, FinecoBank ranks slightly higher in the education category, holding the 49th position out of 63 brokers on ForexBrokers.com, whereas IUX is placed at 59th. This makes FinecoBank a more favorable option for those beginning their trading journey.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | 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 FinecoBank is better than IUX. FinecoBank finished with an overall rank of #25, while IUX finished with an overall rank of #63.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 69 |
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While both FinecoBank and IUX do not provide the option to purchase actual delivered cryptocurrency, IUX distinguishes itself by offering the ability to buy cryptocurrency derivatives, unlike FinecoBank which does not.
FinecoBank supports ACH and SEPA transfers and allows bank wires for depositing or withdrawing funds but does not accept PayPal, Skrill, or Visa/Mastercard, while IUX offers Skrill, Visa/Mastercard, and bank wire options yet lacks ACH and SEPA transfers and PayPal support.
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 | FinecoBank | IUX | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | IUX | |
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| Regulation | FinecoBank | IUX | |
|---|---|---|---|
| Trust Score | 94 | 69 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 152 | |
| Forex Pairs (Total) | 54 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 46 | |
| Charting - Indicators / Studies (Total) | 37 | 106 | |
| Charting - Drawing Tools (Total) | 7 | 89 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FinecoBank | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 106 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FinecoBank | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | IUX | |
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| Trust Score | 94 | 69 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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