Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets vs IUX: FP Markets (founded 2005) and IUX (founded 2016) are online brokers that are not publicly traded and are not banks. Based on ForexBrokers.com ratings, FP Markets holds a Trust Score of 90/99 (highly trusted), while IUX scores 76/99 (average risk).
Regulation: FP Markets holds two Tier-1 licenses (highly trusted) and one Tier-2 license (trusted). IUX holds one Tier-1 and one Tier-2 license. In simple terms, FP Markets has a stronger regulatory footprint than IUX, which aligns with the difference in their Trust Scores.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets and IUX both earn 4.5 out of 5 stars for commissions and fees, but FP Markets has the stronger edge on value overall, ranking #11 out of 36 brokers versus IUX at #19 out of 36. FP Markets is especially appealing on its commission-based Raw ECN account, which offers very low spreads and a $6 round-turn commission per standard lot on forex. Its Standard account is less competitive because the spreads are wider, and its Iress platform accounts can add extra platform and data costs unless you qualify for higher-tier pricing or trade enough each month to offset them.
IUX also offers a mix of spread-only and commission-based accounts, giving traders some flexibility depending on how they trade. Its Standard and Standard+ accounts require just a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 deposit. The Raw account charges a $6 commission per 100,000 units, while the Pro account is spread-only and can be a good middle ground for traders who want lower spreads without paying commission.
Overall, FP Markets is the better pick for traders focused on getting the lowest possible trading costs, especially on its Raw ECN setup. IUX still offers competitive pricing for a smaller broker and may suit traders looking for lower entry requirements on standard accounts, but it does not match FP Markets in overall pricing strength. In short: both are solid, but FP Markets is the better-known low-cost option.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.86 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets offers a wider range of investments than IUX, making it the stronger choice for traders who want more market access. FP Markets provides 10,000 tradeable symbols and 71 forex pairs, while IUX offers 152 symbols and 34 forex pairs. Both brokers support forex trading and cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency. FP Markets also stands out for copy trading, which IUX does not offer.
When it comes to shares and exchange-traded securities, neither broker offers U.S.-listed stocks as direct purchases, but IUX does allow access to international exchange-traded securities, while FP Markets does not. Overall, FP Markets is rated 4.5 out of 5 for Range of Investments and ranks #17 out of 36 brokers, compared with IUX’s 3.5-star rating and #35 ranking. For traders looking for a broader selection of products, FP Markets has the edge.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 152 |
| Forex Pairs (Total) | 71 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets and IUX both give traders a wide range of platform choices, including a free demo account, an in-house platform, a Windows desktop app, a web-based platform, and MetaTrader 5. Both also let users place trades straight from a chart, which can make opening and closing positions quicker. In this area, the two brokers look similar on the basics, and both are built to support traders who want to test strategies before using real money.
The main differences come down to extra tools. FP Markets offers copy trading and MetaTrader 4, while IUX does not provide either one. That gives FP Markets an edge for traders who want more platform flexibility and more ways to follow other traders. These differences are reflected in third-party ratings as well: FP Markets scores 4 out of 5 for Trading Platforms and Tools and ranks #22 out of 36 brokers on ForexBrokers.com, while IUX scores 3.5 out of 5 and ranks #35 out of 36.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and IUX both make it easy to trade on the go, since each offers mobile apps for iPhone and Android. That said, FP Markets has a slight edge for everyday trading needs. It includes price alerts, lets users draw trendlines on charts, and saves those drawings automatically. Its mobile trading apps are rated 4 out of 5 stars and rank #20 out of 36 brokers at ForexBrokers.com. One limitation is that watchlists do not sync between the app and the online account.
IUX also supports iPhone and Android apps, and it saves chart drawings automatically. However, it does not offer price alerts or trendline drawing in the mobile app, which may matter to active traders who rely on chart tools and market updates. IUX does provide 106 technical studies in its app, but its mobile trading apps are rated 3.5 out of 5 stars and rank #35 out of 36 brokers. Like FP Markets, it also does not sync watchlists between mobile and web.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets offers a stronger package for market research than IUX. It provides daily market commentary, forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus research tools from Autochartist and Trading Central. FP Markets also includes a sentiment tool that shows the balance of long and short positions across markets, along with an economic calendar for tracking key global events. In ForexBrokers.com’s Research category, FP Markets is rated 4 stars and ranked #22 out of 36 brokers.
IUX covers fewer research features overall. While it does include an economic calendar, it does not offer daily market commentary, top-tier forex news, Autochartist, Trading Central, or a sentiment tool. As a result, its research offering is more limited, which is reflected in its 3-star Research rating and #35 ranking out of 36 brokers at ForexBrokers.com.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn about trading, FP Markets has a clear edge over IUX in educational support. FP Markets offers forex and CFD education, holds online client webinars at least once a month, and provides both beginner and advanced video lessons, making it a better fit for traders who want a wider range of learning materials. It is rated 4 out of 5 stars for Education and ranks #22 out of 36 brokers by ForexBrokers.com, which reflects a stronger overall learning offering.
IUX does provide at least 10 beginner trading videos, so new traders can still find some useful starting points. However, it does not offer monthly educational webinars, and it lacks a full set of advanced video lessons, which may limit its appeal as traders become more experienced. With a 3 out of 5 star Education rating and a #35 ranking out of 36, IUX offers a more basic educational experience compared with FP Markets.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than IUX. FP Markets finished with an overall rank of #19, while IUX finished with an overall rank of #35.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 76 |
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FP Markets and IUX do not support buying actual (delivered) cryptocurrency, but both online brokers offer cryptocurrency CFD trading.
When comparing online brokers FP Markets vs IUX for funding and withdrawals: neither supports ACH or SEPA; FP Markets supports PayPal while IUX does not; both support Skrill and bank wires; Visa/Mastercard availability is not specified for either broker.
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 | FP Markets | IUX | |
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| Trust Score | 90 | 76 | |
| Winner | check_circle | ||
| Review | FP Markets Review | IUX Review |
| Broker Screenshots | FP Markets | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | FP Markets | IUX | |
|---|---|---|---|
| Trust Score | 90 | 76 | |
| Year Founded | 2005 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FP Markets | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 152 | |
| Forex Pairs (Total) | 71 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.86 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FP Markets | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FP Markets | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | IUX Review |
| Overall | FP Markets | IUX | |
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| Trust Score | 90 | 76 | |
| Winner | check_circle | ||
| Review | FP Markets Review | IUX Review |
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