Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM vs IUX: FXCM was founded in 1999 and is publicly traded, while IUX launched in 2016 and is not listed. Neither broker is a bank. According to ForexBrokers.com Trust Scores, FXCM earns 95/99 (highly trusted), whereas IUX scores 76/99 (average risk).
On regulation, FXCM holds 4 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 2 Tier-2 licenses (trusted). IUX holds 1 Tier-1 and 1 Tier-2 license. These differences in licensing help explain FXCM’s higher Trust Score in this comparison.
| Feature |
FXCM
|
IUX
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FXCM and IUX both earn 4.5 out of 5 stars for commissions and fees, but FXCM ranks slightly higher overall at #17 out of 36 brokers, compared with IUX at #19 out of 36. In simple terms, both brokers offer pricing that can work well for many traders, but FXCM tends to be a little more expensive than the industry average on some accounts, while IUX offers a mix of low-deposit and active-trader account choices.
At FXCM, standard account spreads for EUR/USD averaged 0.78 pips for its EU, U.K., and Australia entities in May 2024, while its St. Vincent and the Grenadines entity averaged 1.38 pips. FXCM’s commission-based accounts were cheaper on spread, averaging 0.28 pips before commissions, though the total cost rises once commissions are included. Active traders may also qualify for rebates that can lower costs further, but these discounts depend on trading volume and location.
IUX keeps pricing simple with different accounts for different trading styles. Its Standard and Standard+ accounts require only a $10 minimum deposit, while the Raw and Pro accounts are built for more active traders and require $500. IUX lists average EUR/USD spreads of 0.9 pips on Standard, 0.7 pips on Pro, and about 0.6 pips on Raw after factoring in commission. Overall, IUX is competitive, but FXCM has the slight edge in ranking, while IUX may appeal more to traders who want lower starting deposits.
| Feature |
FXCM
|
IUX
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $50 |
| Average spread (EUR/USD) - Spread-only account | 0.9 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM offers a wider range of investments than IUX, making it the stronger pick for traders who want more market choice. Both brokers support forex trading as a CFD or spot contract and offer cryptocurrency CFDs, but FXCM provides 440 tradeable symbols and 46 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. FXCM also includes copy trading, which IUX does not.
When it comes to other assets, neither broker lets clients buy U.S.-listed shares as exchange traded securities, but IUX does offer access to international exchange traded securities, while FXCM does not. Based on ForexBrokers.com, FXCM is rated 4.5 out of 5 stars for Range of Investments and ranks #21 out of 36 brokers, while IUX is rated 3.5 stars and ranks #38. Overall, FXCM has the broader selection for most traders.
| Feature |
FXCM
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 152 |
| Forex Pairs (Total) | 46 | 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.
FXCM and IUX both give traders a solid set of platform options, including free demo accounts, their own in-house platforms, Windows desktop downloads, and web-based trading access. Both also let users place trades directly from charts, which can make it easier to act quickly while watching price moves. For traders who want flexibility across devices, either broker covers the basics well.
The main differences come down to extra tools. FXCM supports copy trading and MetaTrader 4, while IUX supports MetaTrader 5 instead. That makes FXCM a stronger fit for traders who want MT4 or social-style trading features, while IUX may appeal more to those who prefer MT5. This difference shows in third-party ratings too: FXCM earns 5 stars and ranks #4 out of 36 brokers for Trading Platforms and Tools, while IUX scores 3.5 stars and ranks #38.
| Feature |
FXCM
|
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) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and IUX both offer mobile trading apps for iPhone and Android, so either broker gives traders the convenience of managing positions on the go. FXCM stands out for several practical tools that matter to active traders, including price alerts, watchlist syncing between the mobile app and online account, and the ability to draw trendlines on charts. Its app also automatically saves chart drawings, making it easier to pick up where you left off. FXCM’s mobile app is rated 4.5 out of 5 stars and is ranked #16 out of 36 brokers for Mobile Trading Apps by ForexBrokers.com.
IUX also supports both iPhone and Android apps and offers more technical studies for charting, with 106 compared to FXCM’s 59. However, it does not offer price alerts, watchlist syncing, or trendline drawing in its mobile app. It does auto-save chart drawings, which is a helpful feature for chart users. Overall, IUX is rated 3.5 out of 5 stars for Mobile Trading Apps and is ranked #38 out of 36 brokers in the same category, making FXCM the stronger choice for traders who want more mobile features and smoother account integration.
| Feature |
FXCM
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXCM has a much stronger market research offering than IUX. FXCM provides daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, Trading Central tools, sentiment data showing long and short positioning, TipRanks research, and an economic calendar. IUX, by contrast, does not offer daily commentary, top-tier forex news, Trading Central, sentiment tools, or TipRanks, though it does provide an economic calendar. FXCM is rated 4.5 out of 5 stars for research and ranks #11 out of 36 brokers, while IUX is rated 3 out of 5 and ranks #37.
For traders who want more help following the markets and spotting trade ideas, FXCM is the clearer choice. IUX covers the basic need of an economic calendar, but it falls short in most other research areas, making FXCM the better option overall for market research.
| Feature |
FXCM
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading lessons, FXCM comes out ahead of IUX in several key areas. FXCM offers forex and CFDs education with at least 10 learning pieces, holds online educational webinars at least once a month, and has 10+ beginner videos as well as 10+ advanced videos for traders who want to keep learning. That wider mix is reflected in its 4.5-star Education rating and its #13 rank out of 36 brokers for education at ForexBrokers.com.
IUX also gives beginners a useful starting point, with at least 10 beginner videos covering trading basics and at least 10 pieces of forex or CFDs education. However, it does not offer monthly educational webinars and does not match FXCM’s depth for advanced video lessons. As a result, IUX is rated 3 stars for Education and ranks #38 out of 36 brokers at ForexBrokers.com, making FXCM the stronger choice overall for beginner-friendly learning resources.
| Feature |
FXCM
|
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 FXCM is better than IUX. FXCM finished with an overall rank of #10, while IUX finished with an overall rank of #38.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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IUX
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|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 76 |
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Neither FXCM nor IUX allows the purchase of actual delivered cryptocurrencies, but both online brokers offer cryptocurrency CFD trading.
In a deposit and withdrawal methods comparison of online brokers FXCM and IUX, FXCM supports ACH/SEPA transfers and PayPal (which IUX lacks), while both brokers accept Skrill and bank wire transfers.
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 | FXCM | IUX | |
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| Trust Score | 95 | 76 | |
| Winner | check_circle | ||
| Review | FXCM Review | IUX Review |
| Broker Screenshots | FXCM | IUX | |
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| Regulation | FXCM | IUX | |
|---|---|---|---|
| Trust Score | 95 | 76 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXCM | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | 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) | FXCM | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | Yes | 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 | FXCM | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 152 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.9 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | IUX | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXCM | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FXCM | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | IUX | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FXCM Review | IUX Review |
| Overall | FXCM | IUX | |
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| Trust Score | 95 | 76 | |
| Winner | check_circle | ||
| Review | FXCM Review | IUX Review |
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