Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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.
Both FXGT.com and IUX are online brokers that cater to traders globally, but they come with distinguishable regulatory standings. Established in 2019, FXGT.com has quickly progressed in the industry by securing one Tier-1 license and one Tier-2 license, reflecting a step towards ensuring a higher level of trust and compliance. IUX, founded in 2016, holds one Tier-2 license but lacks a Tier-1 license, indicating a moderate level of regulatory assurance. Both companies are not publicly traded nor classified as banks, which are typical for many brokers seeking operational flexibility.
In terms of trust metrics from ForexBrokers.com, both FXGT.com and IUX carry a trust score of 69 out of 99. This score places them in a high-risk category, suggesting that while they have some regulatory oversight, there is room for improvement. With the ever-evolving landscape of financial trading, these brokers continue to develop their regulatory frameworks to ensure they meet the needs of their clients while maintaining best practices in the industry.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Year Founded | 2019 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing FXGT.com and IUX for their commissions and fees, both online brokers present distinct offerings. FXGT.com, with a star rating of 3.5, does not provide average spread data, making it harder to gauge exact trading costs. It ranks #56 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, indicating it may not be the most cost-effective choice for traders focused on minimizing trading expenses.
IUX, with a rating of 4 stars, offers more diversified options depending on the account type. It ranks #49 out of 63, offering a more competitive edge compared to FXGT.com. IUX’s accounts cater to both casual and active traders, with standard accounts requiring as low as a $10 deposit. The Standard and Standard+ accounts vary in spread width and promotional bonuses, while more seasoned traders might prefer the Raw and Pro accounts. These accounts demand a $500 minimum deposit, with the Raw account offering minimal spreads for a commission, and the Pro account delivering tighter spreads with no additional commission fees.
The average spread for IUX's EUR/USD pair varies by account type: 0.7 pips on the Pro account, 0.9 pips on the Standard account, and about 0.6 pips on the Raw account when factoring in the equivalent pips for commission. Overall, IUX shows competitive pricing for a smaller broker, particularly through its Pro account, but doesn’t quite rival the industry's leading low-cost brokers. Traders should evaluate the balance between spreads, commission structures, and deposit requirements when selecting an account.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Minimum Deposit | $5 | 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 | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, both FXGT.com and IUX cater to traders with diverse interests but have distinct offerings. FXGT.com provides 117 tradeable symbols, including 53 forex pairs, making it a strong contender for those interested in broad forex trading opportunities. On the other hand, IUX offers a slightly higher count of 152 tradeable symbols, although it presents fewer forex pairs at 34. Both platforms support forex trading through CFDs or spot contracts, allowing traders a versatile approach to the market. Furthermore, while neither broker allows for direct trading in U.S. exchange-listed shares, IUX opens up an additional avenue by offering exchange traded securities on international exchanges, unlike FXGT.com.
Despite these strategies, both brokers rank closely in user reviews and industry standings for investment range. FXGT.com holds a 3-star rating for Range of Investments, while IUX edges slightly ahead with a 3.5-star rating. Their proximity is also reflected in industry rankings, with FXGT.com placing 61st and IUX just above at 60th out of 63 brokers by ForexBrokers.com. This suggests that while IUX provides slightly more in terms of variety and international reach, FXGT.com still offers significant forex trading facilities. Both brokers enable cryptocurrency derivative trading but not direct cryptocurrency purchases. Notably, FXGT.com also adds the convenience of copy trading, which could be a deciding factor for some traders.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 152 |
| Forex Pairs (Total) | 53 | 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 comparing FXGT.com and IUX for online trading platforms, both brokers provide a free virtual demo account for simulated trading, offering users the chance to practice strategies without risking real money. However, FXGT.com stands out by supporting popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to traders familiar with these established tools. In contrast, IUX provides its own proprietary platform, which may offer unique features not found elsewhere. Both brokers offer Windows-based desktop and web-based platforms, but FXGT.com edges ahead with the addition of copy trading, which is not available with IUX. Furthermore, FXGT.com allows trading directly from stock charts, supporting 23 drawing tools for technical analysis, while IUX surpasses this with 89 drawing tools.
FXGT.com is also notable for its 5-column watch list feature, lending to efficient tracking, whereas IUX provides a much broader 46-column structure for possibly a more detailed approach. In terms of ratings, FXGT.com earns a slightly higher rating of 4 stars for trading platforms and tools compared to IUX's 3.5 stars. Despite a higher star rating, FXGT.com is ranked #56 out of 63 brokers by ForexBrokers.com, slightly ahead of IUX's #59 ranking. This ranking consideration suggests FXGT.com has a marginal competitive edge in trading platforms and tools over IUX, making it a worthwhile choice for traders seeking a blend of familiar trading platforms and additional features like copy trading.
| Feature |
FXGT.com
|
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 | No | No |
| Charting - Indicators / Studies (Total) | 37 | 106 |
| Charting - Drawing Tools (Total) | 23 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXGT.com and IUX, both platforms are available on iPhone and Android, catering to a wide range of mobile users. However, FXGT.com seems to have an edge with additional features such as stock or forex price alerts and synchronized watchlists, allowing users to seamlessly maintain their watchlists across different devices. On the other hand, IUX, while lacking in these areas, compensates with a greater number of technical studies available in their charting capabilities.
Both platforms allow users to draw trendlines and view charts with multiple time frames. FXGT.com and IUX apps also offer auto-saving for chart drawings and the creation of watchlists with real-time quotes. In terms of user ratings, both apps have received 3.5 out of 5 stars. According to ForexBrokers.com rankings, FXGT.com holds a slight lead, positioned at #58 out of 63, compared to IUX's ranking at #60. This comparison suggests that while both apps have their strengths, user preferences may depend on specific features and usability.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 it comes to market research offerings, both FXGT.com and IUX show similar features that cater to traders looking for basic tools. Neither broker provides daily market commentary or access to forex news from renowned sources like Bloomberg or Reuters, which might affect those looking for on-the-minute information. Additionally, neither offers advanced technical analysis or research tools from companies like Autochartist or Trading Central, potentially leaving a gap for traders who rely on detailed analysis to make strategic decisions. However, FXGT.com stands out slightly by providing a sentiment-based trading tool that helps traders understand market bias, a feature not available with IUX. Both brokers, however, cover the essentials with an economic calendar that keeps traders informed about current and upcoming global news events.
Despite their similarities, there are slight differences in their research rankings. According to ForexBrokers.com, FXGT.com is slightly ahead, ranked 56th out of 63 brokers, while IUX trails at 59th. Both have received a three-star rating for research, indicating a satisfactory level of service but leaving room for improvement. This suggests that while both platforms offer fundamental tools, traders might want to consider their specific needs and whether additional resources are necessary for their trading strategies. Ultimately, for those who prioritize features like sentiment insights, FXGT.com may have the edge, but both platforms provide the basic essentials for those getting started in forex trading.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 comparing the educational resources available for beginners from online brokers FXGT.com and IUX, both platforms demonstrate certain limitations. FXGT.com does not offer a comprehensive library of educational resources, such as articles or videos on forex or CFDs, and falls short in delivering monthly online webinars or hosting a searchable archive of past webinars. However, FXGT.com provides an investor dictionary with definitions of over 50 investing terms, which can be a valuable tool for beginners looking to understand financial terminology. Meanwhile, IUX also lacks a wide range of educational materials but stands out with a collection of over 10 beginner-focused videos that can help novices grasp essential trading concepts.
Despite both platforms receiving a three-star rating for education, FXGT.com ranks 60th out of 63 brokers in the Education category according to ForexBrokers.com, slightly behind IUX, which ranks 59th. This comparison highlights that while neither broker excels in educational offerings, IUX's beginner videos might give it an edge for those just starting their trading journey. However, FXGT.com’s investor dictionary may be beneficial for users seeking to broaden their financial vocabulary.
| Feature |
FXGT.com
|
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 FXGT.com is better than IUX. FXGT.com finished with an overall rank of #58, while IUX finished with an overall rank of #63.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 69 |
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Both FXGT.com and IUX do not provide options for purchasing actual, delivered cryptocurrencies, but each platform does offer the ability to trade cryptocurrency derivatives.
In comparing FXGT.com and IUX, both online brokers facilitate account fund transactions via Visa, Mastercard, and bank wires, but FXGT.com uniquely supports ACH and SEPA transfers, while IUX stands out by offering Skrill, with neither platform providing PayPal options.
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 | FXGT.com | IUX | |
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| Trust Score | 69 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXGT.com | IUX | |
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| Regulation | FXGT.com | IUX | |
|---|---|---|---|
| Trust Score | 69 | 69 | |
| Year Founded | 2019 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | FXGT.com | 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 | FXGT.com | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 152 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | 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 | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | IUX | |
|---|---|---|---|
| Minimum Deposit | $5 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXGT.com | 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 | No | No |
| Trading Tools | FXGT.com | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 46 | |
| Charting - Indicators / Studies (Total) | 37 | 106 | |
| Charting - Drawing Tools (Total) | 23 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXGT.com | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | FXGT.com | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | 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 | FXGT.com | 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 | FXGT.com | IUX | |
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| Trust Score | 69 | 69 | |
| Winner | check_circle | ||
| Review |
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