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 |
If you’re comparing commissions and fees, IC Markets (5/5 stars; ranked #5 of 63 for Commissions & Fees) generally comes in cheaper with very small effective spreads and low-deposit commission accounts. IUX (4/5 stars; ranked #19 of 63) is competitively priced for a smaller broker, but it doesn’t quite match the very lowest-cost providers.
At IC Markets, pricing varies by platform, account type, and entity (EU/Cyprus, Australia, Seychelles). You can choose a spread-only Standard account or go commission-based with Raw Spread (MT4/MT5) or cTrader Raw. Commissions are $3.0 per side per 100,000 units on cTrader ($6 round turn) and $3.5 per side on MT4/MT5 ($7 round turn). IC Markets lists an average EUR/USD spread of 0.02 pips (August 2022); adding commission puts the all‑in cost around 0.62 pips on cTrader or 0.72 pips on MetaTrader, while the Standard account averages about 0.62 pips with no commission. Active traders get discounts above 100 lots per month, and IC Markets earned Best in Class honors for Commissions & Fees in 2024.
IUX charges based on account type. The Standard and Standard+ accounts both require just $10 to start; Standard+ allows deposit bonuses but typically shows wider spreads, while Standard offers lower spreads without bonuses. For higher volumes, the Raw and Pro accounts each require $500: Raw advertises the tightest spreads but adds a $6 per‑lot commission; Pro is spread‑only and tighter than Standard. IUX lists average EUR/USD spreads of about 0.7 pips on Pro and 0.9 pips on Standard, while Raw comes in near 0.6 pips when you include the commission’s pip equivalent. In head‑to‑head terms, IC Markets usually delivers lower all‑in costs and volume discounts, whereas IUX’s Pro and Raw tiers can be attractive if you meet the $500 minimum.
| Feature |
IC Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $200 | 10 |
| 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.
IC Markets vs IUX: when it comes to the range of investments, IC Markets offers far more choice. You’ll find 3,583 tradeable symbols at IC Markets versus 152 at IUX, along with 61 forex pairs compared to IUX’s 34. Both brokers support forex trading (CFD/spot) and offer cryptocurrency CFDs, but neither lets you buy actual crypto. IC Markets also supports copy trading, while IUX does not. Reflecting this broader selection, ForexBrokers.com rates IC Markets 4.5/5 stars and ranks it #22 out of 63 brokers for Range of Investments, compared with IUX’s 3.5/5 stars and #35 ranking.
For listed shares, neither broker provides access to U.S. exchange-traded securities, but both do offer exchange-traded securities on international markets. In short, traders who want more symbols and forex pairs—plus copy trading—may prefer IC Markets, while IUX suits those who are comfortable with a smaller lineup that still covers popular markets and crypto CFDs.
| 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.
Comparing IC Markets vs IUX for trading platforms and tools, both brokers offer free demo (paper) accounts, Windows desktop apps, web platforms, and the ability to place trades directly from charts. IC Markets relies on third‑party platforms and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus it offers copy trading. IUX provides its own proprietary platform and supports MT5 (but not MT4), and it does not offer copy trading. If you want MT4 or social/copy features, IC Markets is the better fit; if you prefer an in‑house platform experience, IUX stands out.
On platform quality, ForexBrokers.com rates IC Markets 4 stars and ranks it #17 out of 63 brokers for Trading Platforms and Tools, while IUX earns 3.5 stars and ranks #35. Both let you trade from charts, though specific counts for built‑in technical indicators and watchlist fields were not disclosed. In short, IC Markets suits traders who value MT4/MT5 breadth and copy trading, whereas IUX suits those who want a broker’s own platform alongside 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. In third-party testing from ForexBrokers.com, IC Markets earns 4 stars and ranks 22nd out of 63 brokers for Mobile Trading Apps, while IUX scores 3.5 stars and ranks 35th. If overall app quality and recognition matter to you, IC Markets has the edge in ratings and rankings.
Feature-wise, IC Markets includes price alerts, but IUX does not. Neither broker syncs watchlists between the mobile app and the web platform. For charting, IUX provides more technical studies (106 vs. IC Markets’ 30), yet IC Markets supports drawing trendlines on charts while IUX does not. Both apps auto-save chart drawings. If you value alerts and drawing tools, IC Markets stands out; if you want a larger set of technical indicators, IUX has the advantage.
| 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 clearly pulls ahead of IUX for market research. IC Markets supplies daily market commentary and forex news from leading sources like Bloomberg and Reuters, along with Autochartist and Trading Central for trade ideas and chart studies. It also includes a sentiment tool that shows the share of long vs. short positions across instruments. Both brokers provide an economic calendar, and neither offers TipRanks or Acuity Trading tools; however, IUX does not include commentary, top-tier news, Autochartist, Trading Central, or a sentiment view.
These gaps are reflected in the scores: IC Markets earns 4 stars for Research and ranks #21 out of 63 brokers on ForexBrokers.com, while IUX holds 3 stars and ranks #35. If you want deeper insights and ready-to-use research tools, IC Markets is the better fit; if a basic calendar is enough, 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.
For beginners comparing education at online brokers, both IC Markets and IUX offer a sizable set of starter videos—each provides at least 10 beginner-focused trading videos. IC Markets goes further with monthly educational webinars, giving new traders a chance to learn live and ask questions, while IUX does not host these sessions. IC Markets also includes 10+ advanced videos for when you’re ready to level up; IUX lacks that deeper library.
These differences show up in independent ratings: IC Markets earns 4 out of 5 stars for Education and ranks #16 out of 63 brokers on ForexBrokers.com, while IUX holds 3 out of 5 stars and ranks #35. If you want live learning and a clearer path from beginner to advanced topics, IC Markets is the stronger pick. If you simply need beginner videos to get started, IUX still covers the basics.
| 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 | 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 | 0.86 | |
| 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 | 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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