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) - Standard account | 0.9 | 0.86 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Non-wire bank transfer | 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.
When it comes to range of investments, FXCM gives traders more choice overall than IUX. FXCM offers 440 tradeable symbols and 46 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Both brokers let you trade forex as a CFD or spot contract, and both offer cryptocurrency CFDs, but neither allows you to buy actual cryptocurrency.
There are also some key differences beyond forex. IUX offers exchange-traded securities on international exchanges, while FXCM does not offer real shares on U.S. or international markets. FXCM does, however, support copy trading, which IUX does not. Based on ForexBrokers.com’s ratings, FXCM scores 4.5 out of 5 for Range of Investments and ranks #21 out of 36 brokers, while IUX scores 3.5 out of 5 and ranks #36.
| 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 choice of platforms, including a free demo account, an in-house platform, a Windows desktop app, and a web-based platform. Both also let you trade directly from charts, which makes placing orders easier while you are watching price action. In terms of overall platform experience, FXCM stands out with a 5-star rating for Trading Platforms and Tools and a #4 ranking out of 36 brokers, while IUX scores 3.5 stars and ranks #36.
The key differences come down to extra trading tools. FXCM supports copy trading and MetaTrader 4 (MT4), while IUX does not offer either of those. On the other hand, IUX offers MetaTrader 5 (MT5), which FXCM does not. For traders who want more platform choices and social or copy trading features, FXCM has the edge; for those who prefer MT5, IUX may be the better fit.
| 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 a way to manage accounts and trade on the go. FXCM stands out for everyday mobile trading features: it offers price alerts, watchlist symbol syncing between the app and online account, and the ability to draw trendlines on charts. Its app also auto-saves drawings, which helps traders keep their chart work in place. FXCM is rated 4.5 out of 5 stars for Mobile Trading Apps and ranks #16 out of 36 brokers in ForexBrokers.com’s mobile category.
IUX also offers iPhone and Android apps, and it leads FXCM in the number of technical studies available in its mobile charts, with 106 compared with FXCM’s 59. However, IUX does not offer price alerts, watchlist syncing, or trendline drawing in the app, which may matter to active chart users. Its app does auto-save drawings, but overall it is rated 3.5 out of 5 stars and ranks #36 out of 36 for Mobile Trading Apps, putting FXCM ahead for the stronger all-around mobile experience.
| 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 comes out ahead of IUX for market research, with a wider range of tools and content for traders who want more than basic market updates. FXCM offers daily market commentary, forex news from major sources such as Bloomberg and Reuters, Trading Central research tools, sentiment data that shows long and short positioning, and market research from TipRanks. It also includes an economic calendar, which IUX also provides. FXCM is rated 4.5 out of 5 stars for research and is ranked #11 out of 36 brokers by ForexBrokers.com.
IUX offers a more limited research setup by comparison. It does not provide daily market commentary, top-tier forex news, Trading Central tools, sentiment data, or TipRanks research, though it does include an economic calendar. IUX is rated 3 out of 5 stars for research and ranks #36 out of 36 brokers, which places it well behind FXCM in this category.
| 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.
When it comes to learning support for beginners, FXCM comes out ahead of IUX. FXCM offers forex and CFD education with at least 10 learning pieces, hosts online client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. This gives new traders more ways to build knowledge at their own pace, from basic concepts to more experienced topics. FXCM’s education score reflects that edge too, with a 4.5-star rating and a #13 ranking out of 36 brokers for Education.
IUX does offer forex and CFD education with at least 10 pieces, and it also has 10 or more beginner videos, which is helpful for those just starting out. However, it does not offer monthly educational webinars, and it falls short on advanced video content for more experienced traders. That lighter mix is reflected in its 3-star Education rating and #36 ranking out of 36, making FXCM the stronger choice overall for beginners who want more learning support.
| 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 #36.
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) - Standard account | 0.9 | 0.86 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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