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) - 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 offers a wider choice than IUX. Both brokers support forex trading as CFDs or spot contracts and both offer cryptocurrency CFDs, but IC Markets lists far more tradeable symbols overall, with 7,435 compared with IUX’s 152. IC Markets also provides 61 forex pairs, while IUX offers 34. For investors looking for more market variety, that difference may matter.
There are also a few key differences beyond forex and CFDs. IUX allows trading in international exchange-traded securities, such as shares listed on overseas exchanges, while IC Markets does not offer exchange-traded securities on either U.S. or international markets. On the other hand, IC Markets supports copy trading and has a stronger Range of Investments score, at 4.5 out of 5, compared with IUX’s 3.5 out of 5. ForexBrokers.com also ranks IC Markets higher in this category, placing it #22 out of 36 brokers versus IUX at #36.
| 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.
IC Markets and IUX both give traders a solid range of platform options, including free demo accounts, Windows desktop apps, web-based trading, and the ability to place trades straight from a chart. Both brokers also support MetaTrader 5, but IC Markets has the edge for platform choice because it also offers MetaTrader 4, copy trading, and no in-house platform, while IUX includes its own proprietary platform but does not offer copy trading or MT4. For traders who want familiar tools and more ways to trade, IC Markets has the broader setup.
When it comes to overall trading platforms and tools, IC Markets is rated 4 out of 5 stars and ranks #17 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 stars and ranks #36. That makes IC Markets the stronger pick overall in this category, especially for traders who want a wider platform selection and more built-in features. IUX still covers the basics well, but IC Markets is the better fit if platform variety and tool choice matter most.
| 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 iPhone and Android apps, so either broker lets you trade on the go from a phone or tablet. That said, IC Markets has the edge for everyday mobile use thanks to stock and forex price alerts, which IUX does not offer. IC Markets also allows trendline drawing on charts, and its mobile app saves those drawings automatically, making it easier to track ideas as you trade.
When it comes to charting, IUX offers more technical studies in its mobile app, with 106 compared with 32 at IC Markets. Even so, IC Markets scores better overall for mobile trading apps, earning 4 stars versus 3.5 stars for IUX. It also ranks higher in ForexBrokers.com’s mobile apps category, placing #22 out of 36 brokers, while IUX sits at #36.
| 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 comes out ahead of IUX for market research, offering daily market commentary, news from top-tier sources like Reuters and Bloomberg, Trading Central tools, sentiment data, and TipRanks insights. It also includes an economic calendar, making it easier for traders to follow news that may affect the markets. By comparison, IUX only offers an economic calendar and does not provide daily commentary, major news feeds, Trading Central, sentiment tools, or TipRanks.
This stronger research setup is reflected in the ratings and rankings: IC Markets earns 4 out of 5 stars for Research and ranks #21 out of 36 brokers at ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks #36. For traders who want more market updates and built-in analysis tools, IC Markets offers the wider research selection.
| 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 looking for learning support, IC Markets comes out ahead of IUX in several key areas. IC Markets offers forex and CFDs education with at least 10 learning pieces, plus monthly educational webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. IUX also provides at least 10 beginner videos and forex or CFDs education, but it does not offer monthly webinars and does not have at least 10 advanced videos for experienced traders.
That difference shows up in their education ratings and rankings as well. IC Markets is rated 4 out of 5 stars for Education and ranks #16 out of 36 brokers at ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranks #36 out of 36. In simple terms, both brokers can help new traders get started, but IC Markets gives beginners more ways to learn and grows with them better over time.
| 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 #36.
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 | 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) | 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 | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review | IC Markets Review | IUX Review |
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