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.
When comparing the online brokers FP Markets and IUX, key differences arise in their founding years and regulatory credentials. Established in 2005, FP Markets holds two Tier-1 licenses and one Tier-2 license, indicating a firm regulatory backing. On the other hand, IUX, founded in 2016, possesses one Tier-1 and one Tier-2 license. Neither FP Markets nor IUX are publicly traded or operate as banks, but in terms of trust, according to ForexBrokers.com, FP Markets scores an 89, categorizing it as trusted, while IUX has a score of 78, placing it in the average risk bracket.
The regulatory environment and trust score differences are significant for potential investors. FP Markets benefits from a longer market presence and a higher trust rating. While both companies share similar licensing at the Tier-2 level, FP Markets' additional Tier-1 license may offer added assurance to users. These factors could be critical for traders evaluating their options in online brokerage services.
| 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 |
When examining the commissions and fees offered by FP Markets and IUX, FP Markets stands out as the more cost-effective choice, especially for those utilizing their MetaTrader and cTrader platforms. Recognized as Best in Class for Commissions and Fees in the 2024 Annual Awards, FP Markets excels with its ECN account, boasting low spreads averaging 0.1 pips. However, their Iress platform may require higher balances to avoid additional fees. FP Markets has a five-star rating and ranks 6th out of 63 brokers, reflecting its strong competitiveness.
On the other hand, IUX offers multiple account options catering to different trading needs. Their Standard and Standard+ accounts are accessible with a low $10 minimum deposit, though the spreads are wider on the Standard+ account. For more active traders, the Raw and Pro accounts require a $500 deposit, with the Raw account offering the tightest spreads but adding a $6 commission per standard lot. With spreads as low as 0.6 pips on their Raw account, IUX provides appealing pricing; however, it does not match the lowest industry leaders. IUX receives a four-star rating and ranks 49th, indicating it is less dominant in pricing compared to FP Markets.
In summary, while both FP Markets and IUX offer competitive pricing structures, FP Markets takes the lead with an impressive combination of low-cost trading options and high market rankings. For traders focusing on minimizing trading costs, FP Markets’ variety of platforms and aggressive pricing present a compelling choice, especially with an Iress ViewPoint account for those who can meet the higher deposit demands. Meanwhile, IUX serves as a viable option for those seeking flexibility in deposit requirements and platform features, though it generally trails behind FP Markets in overall commission and fee value.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 AUD | 10 |
| Average spread (EUR/USD) - Standard account | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.7 | 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.
Comparing FP Markets vs IUX for range of investments: FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, while IUX offers 152 symbols and 34 forex pairs. Both brokers support forex trading via CFDs or spot, and both offer cryptocurrency CFDs (but not delivered crypto). FP Markets includes copy trading, whereas IUX does not. Neither broker offers exchange-traded U.S. stocks, but IUX does provide access to exchange-traded securities on certain international markets, which FP Markets does not.
For Range of Investments, FP Markets earns 4.5 out of 5 stars and ranks #19 out of 63 brokers on ForexBrokers.com, compared with IUX at 3.5 stars and a #61 ranking. In short, FP Markets suits traders seeking a wide selection of markets and copy trading, while IUX may appeal if you want to buy actual shares on select international exchanges (excluding the U.S.).
| 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.
Comparing online brokers FP Markets and IUX on trading platforms and tools: both offer free paper trading demo accounts, proprietary platforms, Windows desktop downloads, and web-based platforms. Each allows trading directly from charts and supports MetaTrader 5 (MT5). The key differences are that FP Markets also supports MetaTrader 4 (MT4) and offers copy trading, while IUX does not provide MT4 or copy trading.
For platform quality, ForexBrokers.com rates FP Markets 4 stars and ranks it #23 out of 63 brokers for Trading Platforms and Tools, while IUX is rated 3.5 stars and ranked #60. If you want MT4 access or copy trading, FP Markets is the better fit; if you only need MT5 plus a proprietary web or desktop platform, both brokers cover those basics—and you can try them risk-free with a demo account.
| 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 vs IUX: both brokers offer iPhone and Android trading apps. According to ForexBrokers.com, FP Markets earns 4 stars and ranks #18 out of 63 brokers for Mobile Trading Apps, while IUX is rated 3.5 stars and ranks #61. FP Markets’ mobile app uses MetaTrader with its standard set of indicators, whereas IUX lists 106 technical studies in its app.
Feature differences matter. FP Markets supports price alerts; IUX does not. Neither broker syncs watchlists between the mobile app and your online account. For charting on stock and forex charts, FP Markets lets you draw trendlines, and both apps auto-save your drawings. If alerts and drawing tools are priorities, FP Markets is the better fit; if you want a long list of built-in indicators, IUX may appeal.
| 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 more built-in market research than IUX. It earns 4 out of 5 stars for Research and ranks #25 out of 63 brokers on ForexBrokers.com, while IUX holds 3 stars and ranks #60. Traders comparing FP Markets vs IUX will find that FP Markets provides a deeper set of tools and news to support decision-making.
FP Markets includes daily market commentary, top-tier forex news feeds (e.g., from Bloomberg, Reuters, or Dow Jones), Autochartist scanners, Trading Central analytics, and a sentiment tool showing long/short ratios—features IUX does not provide. Both brokers offer an economic calendar, and neither integrates TipRanks or Acuity Trading. If research tools and timely news matter to you, FP Markets delivers a more complete package, while IUX covers the basics with its calendar.
| 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.
Both FP Markets and IUX offer forex and CFDs education that meets the basic bar of at least 10 pieces, and both provide plenty of beginner trading videos. FP Markets stands out by running online educational client webinars at least once a month and by offering 10+ advanced trading videos for experienced traders. IUX does not host monthly webinars and does not offer a comparable advanced video series, though it does deliver 10+ beginner videos that make it easy to get started.
In independent evaluations, FP Markets earns 4 stars for Education and ranks 23rd out of 63 brokers on ForexBrokers.com, while IUX scores 3 stars and ranks 60th out of 63. If you want a path that starts with beginner content and continues into advanced lessons with regular webinars, FP Markets is the stronger choice. If you mainly want beginner-friendly videos without ongoing webinars or advanced modules, IUX can cover the basics.
| 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 #55.
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 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 78 |
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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 | 89 | 78 | |
| 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 | 89 | 78 | |
| 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 SCA 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 | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.7 | 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 | 10 | |
| 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 | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | IUX Review |
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