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 and IUX are online brokers that both cater to clients seeking options for trading services. FP Markets was founded in 2005 and has established itself with a higher trust rating, scoring 89 out of 99 on ForexBrokers.com. This positions FP Markets as a trusted broker with a notable level of credibility in the industry. In contrast, IUX, founded in 2016, scores a 69 on the same scale, which suggests a higher risk level for potential clients. Neither broker is publicly traded or operates as a bank, positioning them both as private entities in the trading world.
When it comes to regulatory credentials, FP Markets is well-equipped with 2 Tier-1 licenses, an indicator of high trust among traders, alongside a Tier-2 license. IUX, however, has yet to secure a Tier-1 license, holding only a single Tier-2 license. This distinction in regulatory approvals highlights FP Markets' stronger positioning as a more securely regulated option compared to IUX. For traders prioritizing regulatory assurance, these factors could play a crucial role in their choice of broker.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 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 | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Active Trader or VIP Discounts | Yes | 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 FP Markets and IUX for their range of investment options, both platforms offer forex trading as CFDs or spot contracts. However, FP Markets stands out with a significantly broader selection, boasting 10,000 tradeable symbols compared to IUX's 152. For those interested in forex trading specifically, FP Markets offers 71 tradeable forex pairs, more than double the 34 pairs available through IUX. Neither broker provides access to exchange-traded securities (not CFDs) on U.S. exchanges, but IUX offers the advantage of trading such securities on international exchanges, unlike FP Markets, which does not. Additionally, FP Markets supports copy trading, a feature not offered by IUX.
When it comes to cryptocurrency investments, both brokers limit their offerings to derivatives, meaning you cannot buy actual cryptocurrencies directly. FP Markets excels in the overall range of investments, earning a 4.5-star rating compared to IUX's 3.5 stars. According to ForexBrokers.com, FP Markets is ranked 18th out of 63 brokers for its range of investments, while IUX lags behind at 60th. This makes FP Markets a more versatile choice for those seeking a wide array of investment opportunities.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 152 |
| Forex Pairs (Total) | 71 | 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.
When evaluating the trading platforms and tools offered by FP Markets and IUX, both brokers provide a comprehensive trading experience with some differences. FP Markets and IUX each offer simulated trading options with free virtual demo accounts and proprietary platforms developed in-house. For those who prefer desktop trading, both firms provide a Windows-based download option. Web-based trading is also supported by both brokers for easy browser access. While FP Markets offers the popular MetaTrader 4 platform alongside MetaTrader 5, IUX only supports MetaTrader 5. Along with providing copy trading, which IUX does not, FP Markets allows trading directly from stock charts, a feature both brokers share.
FP Markets offers an array of 17 drawing tools for charting, with IUX providing more variety with 89 drawing tool options. When it comes to tracking and analyzing markets, FP Markets has 7 fields for watch lists compared to IUX’s 46 fields, giving users more granularity. Despite these extensive features, FP Markets is rated higher for trading platforms and tools, earning 4 out of 5 stars compared to IUX’s 3.5 stars. Furthermore, FP Markets ranks significantly better at 23rd amongst 63 brokers as per ForexBrokers.com, while IUX is positioned at 59th, showcasing a preference for FP Markets in trading capabilities overall.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 17 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
In the realm of mobile trading, both FP Markets and IUX provide apps for iPhone and Android users. However, there are distinct differences worth noting. FP Markets distinguishes itself by offering stock or forex price alerts, a feature not available with IUX. For traders who rely on monitoring their investments, both platforms allow you to create watchlists with real-time quotes, though neither offers synchronization of these watchlists between the mobile app and online account. When it comes to charting capabilities, FP Markets supports drawing trendlines, and viewing multiple time frames on charts, while IUX provides an impressive 106 technical studies to assist traders, albeit without the ability to draw trendlines.
FP Markets' app is highly rated at 4 out of 5 stars compared to IUX's 3.5 stars, reflecting a more favorable user experience. Further, in a ranking of mobile trading apps by ForexBrokers.com, FP Markets holds a respectable 18th position out of 63 brokers, indicating a strong performance. Meanwhile, IUX is ranked at 60th, suggesting there may be areas needing improvement. For traders consulting these platforms, FP Markets might appeal more to those prioritizing price alerts and flexibility in technical analysis, while IUX might attract those who lean towards extensive charting options. Both apps support the essential needs of traders, each with its unique strengths.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 comparing FP Markets and IUX in terms of market research offerings, FP Markets clearly stands out. They provide daily market commentary and access to forex news from prominent sources like Bloomberg and Reuters. Additionally, FP Markets incorporates tools from both Autochartist and Trading Central, enhancing traders' access to technical and fundamental insights. Their sentiment-based trading tools give a comprehensive view of market positions across different currency pairs, supporting informed decision-making. IUX, on the other hand, falls short in these areas, not offering similar news services or advanced analytical tools.
Both FP Markets and IUX present users with an economic calendar to track global economic events. However, FP Markets edges ahead with a four-star rating for its research capabilities while IUX receives a three-star rating. In the ForexBrokers.com rankings for research, FP Markets is placed considerably higher at #25, compared to IUX's ranking at #59. This highlights FP Markets as the preferable option for traders seeking comprehensive market research tools and reliable news sources.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 considering educational resources for beginner traders, FP Markets offers a comprehensive approach compared to IUX. FP Markets provides a wealth of educational content that includes over 10 pieces focusing on forex and CFDs, along with monthly webinars. They also offer an extensive archive of past webinars accessible for client learning. Beginners will find at least 10 videos tailored specifically to help them get started, while more advanced videos are available for experienced traders. Additionally, an investor dictionary with over 50 terms ensures newcomers understand the trading world better.
IUX, on the other hand, falls short in several areas. While they do provide at least 10 beginner educational videos, they lack essential offerings such as a large collection of forex and CFDs materials, regular webinars, archived sessions for reference, advanced video content, and a comprehensive investor dictionary. In terms of education ratings, FP Markets scores 4 out of 5 stars and ranks 23rd out of 63 brokers on ForexBrokers.com, whereas IUX receives a 3-star rating and ranks 59th. For those starting their trading journey, FP Markets offers a more enriching educational experience.
| Feature |
FP Markets
|
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 FP Markets is better than IUX. FP Markets finished with an overall rank of #19, while IUX finished with an overall rank of #63.
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 |
|
|
| Trust Score | 89 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FP Markets and IUX provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual delivered cryptocurrencies.
When comparing online brokers FP Markets and IUX, both lack ACH and SEPA transfer options; however, FP Markets supports PayPal for account transactions, unlike IUX, while both brokers accept Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 69 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | IUX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FP Markets | IUX | |
|---|---|---|---|
| Trust Score | 89 | 69 | |
| 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 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 152 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | 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 | FP Markets | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | 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) | 17 | 89 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review |
| Overall | FP Markets | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 69 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill