Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen and IUX are notable online brokers, each with distinct regulatory features that potential traders might want to consider. Founded in 2003, FXOpen is considerably more established than IUX, which was founded in 2016. Neither broker is publicly traded or operates as a bank. When it comes to regulations, FXOpen holds 2 Tier-1 licenses, which contribute to a ForexBrokers.com Trust Score of 76, indicating an average risk company. In contrast, IUX holds 1 Tier-1 and 1 Tier-2 license, which combine for a slightly higher Trust Score of 78, also placing it in the average risk category.
Both brokers have strengths in different regulatory aspects, making them attractive to various traders' needs. FXOpen's longer history might give it a legacy appeal, while IUX's blend of Tier-1 and Tier-2 licenses may offer a broader regulatory coverage, depending on how a trader assesses risk. Overall, traders should consider these factors alongside other elements like trading options and user experience when choosing between these two brokers.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Year Founded | 2003 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of FXOpen and IUX, both brokers offer compelling options for traders, albeit with different structures. FXOpen has not provided average spread data, making exact cost evaluation challenging; however, they are rated 4 stars for their commissions and fee setup and are ranked 44th out of 63 brokers by ForexBrokers.com.
On the other hand, IUX tailors its pricing based on account type. For those starting with standard accounts, both the Standard and Standard+ require a modest $10 deposit. The Standard+ entices with deposit bonuses but at the cost of wider spreads, contrasting with the Standard account, which opts for lower spreads without bonus offers. For active traders eyeing lower costs per trade, IUX provides the Raw and Pro accounts with a $500 minimum deposit. The Raw account boasts the tightest spreads but incurs a $6 commission per standard lot, whereas the Pro account relies solely on spreads, potentially offering more value without additional commissions.
Examining average spreads, IUX's Pro account lists a 0.7 pip average for the EUR/USD pair, with the Standard account at 0.9 pips and the Raw account effectively at 0.6 pips considering its fees. While IUX is considered competitive, it doesn't quite compete with top industry leaders, though it comes close with the Pro account. Also rated 4 stars, IUX is ranked 48th by ForexBrokers.com. Carefully consider each broker's offerings, balancing the implications of spreads, commissions, and deposit criteria to determine the best fit for your trading style.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 | 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 | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
Both FXOpen and IUX provide a platform for forex trading through CFDs or spot contracts, giving users access to a wide array of financial instruments. FXOpen offers 87 tradeable symbols, including 25 forex pairs, while IUX expands on this with 152 symbols and 34 forex pairs. Neither platform grants access to U.S. exchange-traded securities, but IUX does provide the option to invest in international exchange securities like Vodafone. For those interested in the crypto market, both brokers offer the ability to engage with cryptocurrency derivatives, though not actual cryptocurrencies.
FXOpen includes the advantage of copy trading, a feature absent from IUX. Despite these differences, both platforms are similarly rated for their range of investment offerings: FXOpen scores 3 out of 5 stars, while IUX slightly edges it out with a 3.5-star rating. However, when evaluated by ForexBrokers.com, FXOpen ranks 62nd out of 63 brokers in the Range of Investments category, just trailing IUX, which stands at 60th. This suggests that while both brokers offer diverse trading opportunities, IUX may provide a slightly broader scope for investment enthusiasts looking for more global market exposure.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 152 |
| Forex Pairs (Total) | 25 | 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 |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of FXOpen and IUX, both brokers provide simulated trading through free virtual demo accounts, helping users practice without financial risk. However, FXOpen relies on third-party platforms like MT4 and MT5, whereas IUX delivers a unique experience with its proprietary platform. Both brokers support Windows-based desktop downloads and web-based access for flexibility, but only FXOpen includes copy trading and integrates ZuluTrade, offering more variety for traders looking to mirror strategies from successful investors. Both brokers offer functionality to trade directly from stock charts, yet FXOpen leads with MT4 compatibility, a favored choice for many seasoned traders.
When considering charting tools, IUX shines with 89 drawing tools compared to FXOpen's 15, enhancing the visual technical analysis capabilities for its users. Furthermore, IUX offers 46 columns for watch lists, providing detailed market insights, whereas FXOpen features seven. Still, FXOpen manages a stronger rating for trading platforms and tools with four stars, edging out IUX's 3.5 stars. Despite being ranked #53 by ForexBrokers.com, above IUX at #59, FXOpen manages to maintain an edge with a blend of flexibility, diverse trading features, and a choice of familiar platforms that cater well to a wide range of trading preferences.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXOpen and IUX, both platforms offer apps for iPhone and Android users, allowing traders to stay connected on the go. FXOpen sets itself apart by offering stock and forex price alerts, a feature not available with IUX. However, IUX excels in charting capabilities with 106 technical studies compared to FXOpen's 30. Both brokers allow users to view different time frames on their charts, but FXOpen gives users the ability to draw trendlines, which IUX does not support. While IUX auto-saves chart drawings automatically, FXOpen requires manual saving.
For syncing capabilities, neither FXOpen nor IUX supports symbol syncing between their mobile app and online accounts, which may be a consideration for traders wanting seamless device transitions. Both apps allow for creating watchlists with real-time quotes, providing essential market details right at your fingertips. User ratings reflect these differences with FXOpen receiving 4 stars compared to IUX's 3.5 stars. In ForexBrokers.com's ranking of 63 brokers, FXOpen stands at #54, while IUX comes in at #60, making FXOpen a slightly better choice in the mobile trading app category.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | 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 comparing FXOpen and IUX for market research offerings, FXOpen stands out by providing daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. In contrast, IUX lacks these features. Both brokers share a similar landscape when it comes to technical analysis tools, as neither offers resources from companies like Autochartist or Trading Central. Additionally, both FXOpen and IUX do not support sentiment-based trading tools or market research from TipRanks and Acuity Trading.
While both FXOpen and IUX offer an economic calendar for tracking global news events, their research ratings are evenly matched at three out of five stars. Despite this similarity in ratings, IUX holds a slightly better position at #59 compared to FXOpen’s #63 in ForexBrokers.com's research category ranking of 63 brokers. Potential users seeking comprehensive market insights may find FXOpen's daily commentary and news more beneficial, even though both options reflect areas with room for improvement in research tools.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | 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 it comes to educational resources for beginners, both FXOpen and IUX have room for improvement. Neither broker provides a substantial collection of educational content such as articles, videos, or archived webinars focused on forex or CFDs. Additionally, live webinars are not part of their offerings, nor do they have a library of recorded sessions that clients can access later. However, IUX does offer a series of beginner-friendly videos that cover trading topics, unlike FXOpen, which does not have similar beginner-focused video content.
For traders looking for in-depth videos catered to advanced traders, both FXOpen and IUX fall short. However, FXOpen stands out in one area by offering an investor dictionary with definitions for more than 50 investing terms, which can be a valuable resource for those looking to familiarize themselves with market jargon. In terms of educational quality, both brokers receive a 3-star rating, with FXOpen slightly ahead in industry rankings at #58 compared to IUX at #59, out of 63 brokers according to ForexBrokers.com.
| Feature |
FXOpen
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 FXOpen is better than IUX. FXOpen finished with an overall rank of #54, while IUX finished with an overall rank of #55.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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IUX
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|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 78 |
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Both FXOpen and IUX do not provide the option to purchase actual, delivered cryptocurrency, but they both offer the ability to buy cryptocurrency derivatives instead.
Both FXOpen and IUX lack support for ACH, SEPA, and PayPal transfers for account funding and withdrawals, but they both allow transactions via Skrill, Visa, Mastercard, and bank wires.
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 | FXOpen | IUX | |
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| Trust Score | 76 | 78 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | IUX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | FXOpen | IUX | |
|---|---|---|---|
| Trust Score | 76 | 78 | |
| Year Founded | 2003 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | FXOpen | 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 | FXOpen | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 152 | |
| Forex Pairs (Total) | 25 | 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 |
| Cost | FXOpen | 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 | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 | 10 | |
| PayPal (Deposit/Withdraw) | No | 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 | FXOpen | IUX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | 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) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXOpen | 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 | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | FXOpen | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FXOpen | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXOpen | 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 |
| Overall | FXOpen | IUX | |
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| Trust Score | 76 | 78 | |
| Winner | check_circle | ||
| Review |
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