Written by ForexBrokers.com
In this head to head comparison of IC 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.
When comparing online brokers IC Markets and IUX, it's important to consider their regulatory backgrounds and trust ratings. IC Markets, founded in 2007, has two Tier-1 licenses and an 84 Trust Score from ForexBrokers.com, placing it in the 'trusted' category. IUX, established in 2016, holds one Tier-1 license and one Tier-2 license, resulting in a Trust Score of 78, marking it as 'average risk'. Neither broker is publicly traded or operates as a bank.
Both brokers have made a mark in the online trading space, with IC Markets showing a decade-long history and IUX being the newer entrant. The focus on regulatory compliance is evident, but IC Markets leads with higher-tiered licenses, potentially offering more confidence to traders seeking a trusted trading partner. Each broker presents its strengths, giving traders options based on their personal risk tolerance and trust preferences.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Year Founded | 2007 | 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 | 3 | 1 |
When it comes to comparing the fees and commissions of online brokers IC Markets and IUX, IC Markets emerges as a winner due to its low trading costs and flexible account options. With spreads as tight as 0.02 pips for EUR/USD in its Raw Spread accounts and a commission as low as $3.0 per side for every 100,000 units on the cTrader platform, IC Markets provides excellent value. Their commission-free Standard account averages a spread of 0.62 pips, making it a solid choice for cost-conscious traders. Earning a 5-star rating and ranked #5 out of 63 brokers by ForexBrokers.com in the Commissions & Fees category, IC Markets stands out among the competition.
IUX, on the other hand, offers a range of account types to accommodate different trading needs. The Standard account requires a minimal $10 deposit and offers lower spreads than its promotional Standard+ counterpart. For more active traders, the Raw account requires a $500 deposit and boasts the lowest spreads with a $6 commission for every 100,000 units. In contrast, the Pro account is spread-only, offering an average spread of 0.7 pips. Despite these options, IUX doesn't quite reach the cost-effectiveness of the top brokers, receiving a 4-star rating and ranking #49 out of 63 by ForexBrokers.com.
Ultimately, while both brokers have their own strengths, IC Markets stands out for its competitive pricing and variety of account types, making it a better choice for traders looking to minimize costs. IUX offers affordable options as well, but it doesn't match the cost-efficiency of IC Markets for commission-based trading, making it more suitable for those looking for a straightforward, spread-based model.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $200 | 10 |
| Average spread (EUR/USD) - Standard account | 0.62 | 0.9 |
| All-in Cost EUR/USD - Active | 0.62 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets vs IUX: When it comes to the range of investments, IC Markets offers a much larger catalog with 3,583 tradeable symbols and 61 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Both brokers let you trade forex as CFDs or spot, and both support cryptocurrency CFDs (but not actual, delivered crypto). A key difference is copy trading: IC Markets offers it, while IUX does not.
For exchange-traded securities, neither broker provides access to U.S.-listed shares, but both let you buy real shares on international exchanges (not CFDs). According to ForexBrokers.com, IC Markets earns 4.5/5 stars for range of investments and ranks #26 out of 63 brokers, while IUX scores 3.5/5 stars and ranks #61. If you want more markets and copy trading, IC Markets is the stronger choice; if you only need a smaller lineup plus international shares, IUX can fit the bill.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 152 |
| Forex Pairs (Total) | 61 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | 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.
IC Markets and IUX both make it easy to test strategies with free demo (paper) accounts and support trading directly from charts. Each offers a web-based platform and a Windows desktop download. The key differences are in platform choice and extras: IC Markets does not have its own in-house platform but supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. IUX offers a proprietary platform and MT5, but not MT4, and it does not offer copy trading.
For Trading Platforms and Tools, ForexBrokers.com rates IC Markets at 4 stars and ranks it #16 out of 63 brokers, while IUX earns 3.5 stars and ranks #60. If you want MT4 and copy trading, IC Markets is the better fit. If you prefer an in-house platform experience and are fine with MT5 only, IUX may suit your style.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and IUX both offer mobile trading apps for iPhone and Android. When it comes to features, the IC Markets mobile app includes price alerts, while the IUX app does not. Neither app supports watchlist syncing between mobile and the web. For charting, IUX packs in more technical studies (106 vs. IC Markets’ 30), but IC Markets lets you draw trendlines on charts, which IUX does not. Both apps auto-save your chart drawings, so your work isn’t lost.
Looking at ratings, IC Markets earns 4 out of 5 stars for Mobile Trading Apps and ranks #22 out of 63 brokers on ForexBrokers.com. IUX scores 3.5 out of 5 stars and ranks #61 out of 63. In short, IUX offers a wider set of indicators, while IC Markets delivers price alerts and trendline tools that many traders use daily—helpful differences to consider when choosing between the IC Markets and IUX mobile apps.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets offers a far wider set of market research tools than IUX. IC Markets provides daily market commentary, live forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, and popular technical research from both Autochartist and Trading Central. It also includes a sentiment tool that shows the ratio of long vs. short positions across instruments. IUX does not provide daily commentary, top-tier news, Autochartist, Trading Central, or a sentiment tool. Both brokers do not offer TipRanks or Acuity Trading tools, and both include an economic calendar.
For research quality, IC Markets is rated 4 out of 5 stars and ranks #23 out of 63 brokers on ForexBrokers.com, while IUX is rated 3 stars and ranks #60. If you value built-in analysis, news, and trade ideas, IC Markets is the more feature-rich choice; if you only need a basic economic calendar, IUX covers the essentials.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing IC Markets vs IUX for beginner education, both brokers provide forex and CFD learning materials with at least 10 pieces available, including videos. IC Markets stands out by hosting monthly live educational webinars and offering extensive video lessons for both beginners and experienced traders. IUX delivers plenty of beginner-friendly videos but does not offer webinars and lacks a deep set of advanced lessons.
Independent ratings back this up: IC Markets earns 4 out of 5 stars for Education and ranks #16 out of 63 brokers on ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks #60. If you want ongoing webinars and a path from beginner to advanced topics, IC Markets is the stronger choice. If you mainly need basic, beginner video content, IUX can still cover the essentials.
| Feature |
IC Markets
|
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 IC Markets is better than IUX. IC Markets finished with an overall rank of #20, while IUX finished with an overall rank of #55.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 78 |
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In an IC Markets vs IUX comparison, neither broker lets you buy actual delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
In an IC Markets vs IUX comparison of deposit and withdrawal methods, both brokers do not support ACH or SEPA, both support Skrill and bank wire transfers, IC Markets additionally supports PayPal while IUX does not, and Visa/Mastercard availability is not specified for either.
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 | IC Markets | IUX | |
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| Trust Score | 84 | 78 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
| Broker Screenshots | IC Markets | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | IC Markets | IUX | |
|---|---|---|---|
| Trust Score | 84 | 78 | |
| Year Founded | 2007 | 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 | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | 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) | 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) | IC Markets | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | IC Markets | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 152 | |
| Forex Pairs (Total) | 61 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | 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 | IC Markets | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.62 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | IUX | |
|---|---|---|---|
| Minimum Deposit | $200 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | IC Markets | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | IC Markets | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IC Markets | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review | IUX Review |
| Overall | IC Markets | IUX | |
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| Trust Score | 84 | 78 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
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