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.
IC Markets (founded 2007) and IUX (founded 2016) are online brokers that are privately held and not banks. According to ForexBrokers.com, trust scores of 90–99 mean highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 should not be trusted. IC Markets earns an 83 (trusted), while IUX scores 76 (average risk), giving IC Markets the edge for perceived safety.
On regulation, IC Markets holds two Tier-1 licenses (from highly trusted regulators) and no Tier-2 licenses. IUX holds one Tier-1 license plus one Tier-2 license. Neither broker is publicly traded. In short, both are regulated, but IC Markets offers more top-tier oversight, while IUX combines one top-tier with a mid-tier license.
| 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 commissions and fees, IC Markets has a clear edge over IUX for traders looking for low-cost pricing. IC Markets offers three account types: a commission-free Standard account and commission-based Raw Spread accounts on MT4, MT5, and cTrader. Its costs are especially competitive, with an all-in EUR/USD cost as low as 0.62 pips on cTrader and about 0.72 pips on MetaTrader, which helps explain why it earned a 5-star rating and ranked #5 out of 36 brokers in the Commissions & Fees category.
IUX also keeps pricing fairly simple, but it is better suited to traders who are comfortable balancing spreads, commissions, and higher deposit requirements. Its Standard and Standard+ accounts start with a $10 minimum deposit, while the Raw and Pro accounts require $500. The Raw account charges a $6 commission per 100,000 units, and the Pro account is commission-free with tighter spreads than the Standard options. IUX is rated 4.5 stars and ranked #19 out of 36 for commissions and fees.
In short, IC Markets is usually the better pick for traders focused on the lowest possible trading costs, while IUX can still be a good option for those who want a choice between low-deposit accounts and active-trader pricing. If saving on fees is your top goal, IC Markets has the stronger overall offering.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $200 | $50 |
| Average spread (EUR/USD) - Standard account | 0.62 | 0.86 |
| 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.
When it comes to the range of investments, IC Markets offers more choice than IUX. IC Markets lists 3,583 tradeable symbols and 61 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Both brokers support forex trading as a CFD or spot contract, and both let clients trade cryptocurrency CFDs. Neither broker offers buying actual cryptocurrency, and neither provides exchange-traded securities on U.S. exchanges. However, both do offer access to exchange-traded securities on international exchanges.
IC Markets also stands out for copy trading, which IUX does not offer. These differences help explain why IC Markets is rated 4.5 out of 5 for range of investments and ranked #22 out of 36 brokers by ForexBrokers.com, while IUX is rated 3.5 out of 5 and ranked #35. For traders who want a wider selection of markets and more ways to trade, IC Markets has the edge.
| 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 give traders a choice of demo accounts, desktop downloads for Windows, web-based platforms, and the ability to place trades straight from charts. Both also support MetaTrader 5, which will appeal to traders who want a familiar third-party platform. Where IC Markets stands out is its wider platform lineup: it also offers MetaTrader 4 and copy trading, while IUX does not. On the other hand, IUX has its own in-house platform, which IC Markets does not provide.
In overall platform and tools ratings, IC Markets comes out ahead with 4 out of 5 stars and a ForexBrokers.com ranking of #17 out of 36 brokers, compared with IUX at 3.5 stars and #35. For most traders, that makes IC Markets the stronger pick if platform choice and extra tools matter, while IUX may still suit those who want a broker with a proprietary platform alongside the basics like demo trading, web access, and MT5.
| 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, so traders can manage accounts on either platform from a phone or tablet. Both apps also save chart drawings automatically, but neither one syncs watchlists between the mobile app and the online account. Where IC Markets stands out is price alerts and chart tools: it offers stock or forex price alerts and lets users draw trendlines in the mobile app, while IUX does not offer alerts or trendline drawing.
For charting depth, IUX includes 106 technical studies in its mobile app, compared with 30 at IC Markets, which may appeal to traders who want more built-in indicators. Even so, IC Markets comes out ahead in overall mobile trading app quality, with a 4-star rating and a #22 ranking out of 36 brokers from ForexBrokers.com. IUX is rated 3.5 stars and ranked #35, suggesting IC Markets offers the stronger all-around mobile experience, while IUX may be better for traders who care most about chart study variety.
| 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 has a clear edge over IUX for market research. It offers daily market commentary, news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, plus tools from Autochartist and Trading Central. Traders also get sentiment data showing long and short positions across instruments, along with an economic calendar for tracking key global events. IUX, by comparison, does not provide daily commentary, top-tier news, Autochartist, Trading Central, or sentiment tools, though it does include an economic calendar.
This difference shows up in the ratings too. IC Markets is rated 4 out of 5 stars for research and is ranked #21 out of 36 brokers by ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranked #35. For traders who want more market insight and more built-in research tools, IC Markets is the stronger choice.
| 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.
For beginners looking for learning support, IC Markets comes out ahead of IUX overall. IC Markets offers forex and CFD education with at least 10 learning pieces, monthly educational webinars, 10+ beginner videos, and 10+ advanced videos for more experienced traders. It is rated 4 out of 5 stars for Education and ranks #16 out of 36 brokers at ForexBrokers.com, which suggests a stronger and more complete learning setup for new traders who want to grow over time.
IUX also offers forex and CFD education with at least 10 learning pieces, plus 10+ beginner videos, so it does give new traders some useful starting material. However, it does not offer monthly educational webinars and does not provide 10+ advanced videos, which may limit how far beginners can go with the platform’s learning content. IUX is rated 3 out of 5 stars for Education and ranks #35 out of 36, making it a weaker choice than IC Markets for learners who want more ongoing guidance.
| 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 #21, while IUX finished with an overall rank of #35.
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
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|---|---|---|
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| Trust Score | 83 | 76 |
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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 | 83 | 76 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
| Broker Screenshots | IC Markets | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | IC Markets | IUX | |
|---|---|---|---|
| Trust Score | 83 | 76 | |
| 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 CMA 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 | 0.86 | |
| 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 | $50 | |
| 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 | 83 | 76 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
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