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 |
In our commissions and fees comparison, IC Markets comes out ahead of IUX. IC Markets earns a 5-star rating and ranks #4 out of 36 brokers for Commissions and Fees, thanks to very low trading costs on its commission-based accounts and tight effective spreads. Its Raw Spread account charges $3.50 per side per 100,000 units on MT4/MT5, while the cTrader Raw Spread account is slightly cheaper at $3.00 per side. IC Markets also offers a commission-free Standard account, and its pricing can be especially appealing for active traders.
IUX is also competitively priced, but it does not match the lowest-cost brokers in the market. It has a 4.5-star rating and ranks #19 out of 36 brokers for Commissions and Fees. IUX offers spread-only accounts like Standard and Standard+, which require just a $10 minimum deposit, plus higher-tier Raw and Pro accounts for active traders with a $500 minimum deposit. The Raw account charges a $6 commission per 100,000 units, while the Pro account is commission-free and offers lower spreads than the Standard options.
Overall, IC Markets is the stronger choice if your main goal is lower trading costs, especially for forex trading. IUX can still be a good option for traders who want a low entry deposit or a mix of commission-free and commission-based account types, but its fees are generally less competitive than IC Markets. If you want the better value on commissions and spreads, IC Markets has the edge.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $200 | $50 |
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 gives traders a wider choice than IUX. IC Markets offers 7,435 tradeable symbols and 61 forex pairs, while IUX provides 152 tradeable symbols and 34 forex pairs. Both brokers offer forex trading as a CFD or spot contract, and both support cryptocurrency CFDs, but neither lets clients buy actual crypto. IC Markets also stands out for copy trading, which IUX does not offer.
There is also a difference in share access. IUX lets clients trade exchange-traded securities on international exchanges, such as shares listed outside the U.S., while IC Markets does not offer these products. Neither broker offers U.S.-listed exchange-traded shares as direct investments. Overall, IC Markets is rated 4.5 out of 5 for Range of Investments and ranks #22 out of 36 brokers, compared with IUX at 3.5 out of 5 and #37, making IC Markets the stronger choice for investors looking for more market options.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7435 | 152 |
| Forex Pairs (Total) | 61 | 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.
When comparing IC Markets vs IUX for trading platforms and tools, both brokers give traders a free demo account, Windows desktop software, web-based platforms, and the option to trade directly from charts. Both also support MetaTrader 5 (MT5), which will appeal to traders who want a familiar third-party platform. That said, IC Markets has a wider platform lineup overall because it also offers MetaTrader 4 (MT4) and copy trading, while IUX does not offer either of those.
IUX stands out in one key area by offering its own in-house platform, while IC Markets does not have a proprietary platform. Based on ForexBrokers.com, IC Markets earns a stronger 4-star rating and ranks #17 out of 36 brokers in the Trading Platforms and Tools category, compared with IUX at 3.5 stars and #37. In simple terms, IC Markets appears to offer more choice for platform users, while IUX still provides a solid set of trading tools with its own custom platform.
| 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) | 32 | 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 place and manage trades on the go with either broker. IC Markets stands out for its built-in stock and forex price alerts, while IUX does not offer alerts in its app. IC Markets also lets users draw trendlines on charts, and both apps save chart drawings automatically. However, neither broker offers watchlist symbol syncing between the mobile app and the online account.
When it comes to charting tools, IUX offers more technical studies in its mobile app, with 106 compared with 32 at IC Markets. Even so, IC Markets has the higher mobile trading app rating at 4 out of 5 stars, compared with 3.5 for IUX. It also ranks better in ForexBrokers.com’s mobile trading apps category, coming in at #22 out of 36 brokers versus IUX at #37.
| 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 | 32 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IC Markets offers a stronger market research setup than IUX overall. It provides daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools, sentiment data showing long and short positions, TipRanks research, and an economic calendar. IUX, by comparison, only includes an economic calendar and does not offer daily commentary, top-tier news, Trading Central, sentiment tools, or TipRanks.
This wider set of research features helps explain why IC Markets scores higher, with a 4-star Research rating and a #21 ranking out of 36 brokers from ForexBrokers.com. IUX earns 3 stars and ranks #37, reflecting a more limited research offering for traders who want more market insight before placing trades.
| Feature |
IC Markets
|
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 who want help learning the basics, IC Markets comes out ahead of IUX in overall education. IC Markets offers forex and CFD learning material, monthly live educational webinars, at least 10 beginner videos, and at least 10 advanced videos, giving new traders more ways to learn at different stages. It is rated 4 out of 5 stars for Education and ranks #16 out of 36 brokers by ForexBrokers.com, which suggests a stronger all-around learning area.
IUX also provides at least 10 beginner trading videos, but it falls behind in other key areas for new traders. It does not offer monthly educational webinars, and it does not appear to have at least 10 advanced educational videos or enough forex/CFD education to meet the same standard as IC Markets. With a 3 out of 5 Education rating and a #37 ranking out of 36 brokers, IUX is the lighter option for learning support when compared side by side.
| 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 #37.
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
|
IUX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 76 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IC Markets | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
| Broker Screenshots | IC Markets | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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) | 7435 | 152 | |
| Forex Pairs (Total) | 61 | 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 | IC Markets | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.8 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 0.72 | 0.6 | |
| Inactivity Fee | Yes | 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 (Deposit/Withdraw) | 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) | 32 | 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 | 32 | 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 | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets