Written by ForexBrokers.com
In this head to head comparison of iFOREX 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 iFOREX and IUX, there's a notable difference in their regulatory status. iFOREX, established in 1996, holds one Tier-1 license, placing it in a trusted category according to ForexBrokers.com. With a Trust Score of 75 out of 99, iFOREX is considered to have an average level of risk. Despite being non-public and not affiliated with a bank, its long-standing presence in the market and regulatory compliance offer a certain level of confidence to traders.
In contrast, IUX, founded in 2016, does not possess any Tier-1 licenses but does hold one Tier-2 license, classifying it as a high-risk broker with a Trust Score of 69. Like iFOREX, IUX is neither publicly traded nor a bank. While both brokers present viable options for online trading, the difference in their regulatory standings and years of experience could influence a trader’s choice depending on their comfort with risk and preference for regulatory oversight.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to understanding commissions and fees, iFOREX provides limited information, as average spread data is not readily available. According to ForexBrokers.com, iFOREX holds a ranking of 61st out of 63 brokers in the Commissions and Fees category, and it has earned a 3-star rating. This suggests that those considering iFOREX might find less transparency in pricing compared to other platforms, so it might be worth exploring additional details if clarity on costs is a priority.
In contrast, IUX offers a more detailed and structured fee setup based on account types, accommodating different trader needs by offering both spread-only and commission-based accounts. For beginners, the Standard and Standard+ accounts require a minimal deposit of $10, with the latter providing deposit bonuses at the expense of wider spreads. For more active traders, IUX's Raw and Pro accounts demand a larger $500 minimum but offer attractive spread and commission schemes. The Raw account provides the lowest spreads with a $6 commission per 100,000 units, while the Pro account features low spreads with no additional commission. Overall, IUX's pricing structure is balanced and competitive, particularly with the Pro account offering notable value within the industry. IUX is ranked 49th out of 63 brokers and has a commendable 4-star rating for its commissions and fees.
In summary, iFOREX might appeal to traders who are less concerned about detailed cost understanding, given its lower ranking and fewer insights into fee structures. Meanwhile, IUX stands out with its transparent and tiered pricing options, catering to both new and seasoned traders, though it may not yet rival the industry's most cost-effective platforms. Depending on your trading frequency and investment objectives, carefully assess the pros and cons of each broker's fee model to find the best match for your financial strategy.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both iFOREX and IUX provide opportunities for trading forex, offering CFD or spot contracts to their users. While iFOREX shines with a wider selection of 750 tradeable symbols, IUX offers a smaller range with 152 symbols. When it comes to forex pairs, iFOREX also leads with access to 88 pairs, compared to IUX's 34. Neither platform provides the ability to purchase exchange traded securities on U.S. exchanges, nor do they support exchange traded securities through CFDs. However, IUX offers access to international exchanges, allowing clients to buy shares like Vodafone, while iFOREX does not provide this option.
When looking at additional features, neither iFOREX nor IUX supports copy trading or the direct purchase of actual cryptocurrencies. However, both brokers do offer cryptocurrency derivatives. Despite their differences, both platforms share a rating of 3.5 stars for their range of investments. Notably, iFOREX is ranked higher by ForexBrokers.com, positioning at #41, while IUX is ranked at #60 among 63 brokers. This comparison suggests that although both offer similar ratings, iFOREX may be better suited for clients seeking a broader range of symbols and forex pairs. In contrast, IUX's edge lies in its access to international securities.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 152 |
| Forex Pairs (Total) | 88 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 the trading platforms and tools of iFOREX and IUX, each has unique strengths catering to different trading needs. iFOREX provides a proprietary platform accessible through web browsers, simplifying access without needing software downloads, though it lacks a Windows-based desktop application. IUX offers more versatility with both a proprietary platform and a Windows desktop download option, accommodating users who prefer downloadable software. Both platforms support trading directly from stock charts, enhancing the layout for executing trades, but neither offers Copy Trading, MetaTrader 4, DupliTrade, or ZuluTrade. Significantly, however, IUX does offer MetaTrader 5, attracting traders who favor this industry-standard platform.
For traders interested in virtual trading experiences, IUX offers a simulated demo account, unlike iFOREX. When it comes to charting tools, iFOREX users have access to 25 drawing tools, whereas IUX provides an impressive 89, benefiting traders who search for more extensive analytical capabilities. iFOREX offers nine fields for watch lists, while IUX boasts 46 fields, allowing for a more customizable experience. Despite these differences, iFOREX slightly edges out IUX with a 4-star rating over IUX's 3.5 stars, although both platforms are ranked in the lower half of 63 brokers by ForexBrokers.com, with iFOREX at #54 and IUX at #59.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 106 |
| Charting - Drawing Tools (Total) | 25 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of iFOREX and IUX, both brokers cater to iPhone and Android users by offering compatible applications. However, neither provides stock or forex price alerts or the ability to sync watchlists between their mobile apps and online accounts. Notably, iUX takes a significant lead in technical charting capabilities, offering an impressive 106 technical studies, a feature absent in the iFOREX app. Furthermore, iUX allows users to view stock and forex charts across multiple time frames, whereas iFOREX does not. Trendline drawing is not supported on the mobile apps of either broker, but iUX stands out by automatically saving drawn chart annotations.
For users who prioritize creating watchlists with real-time quotes, IUX provides this functionality on its mobile app, unlike iFOREX. In terms of ratings, iFOREX scores a slightly higher 4 stars for its mobile trading app, with a ranking of #55 out of 63 brokers on ForexBrokers.com, compared to IUX which is rated 3.5 stars and ranked #60. Despite the higher star rating for iFOREX, the IUX app could appeal more to traders looking for advanced charting options and real-time watchlist capabilities.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 106 |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating the market research features of online brokers, iFOREX and IUX display several differences. For traders seeking daily market updates, iFOREX stands out by providing daily market commentary, while IUX does not offer this feature. Both platforms do not supply forex news from major sources like Bloomberg or Reuters and lack research tools from Autochartist and Acuity Trading. However, iFOREX distinguishes itself with access to Trading Central's technical analysis tools and sentiment-based trading tools that display trader positions across various currency pairs, features absent in IUX.
Both brokers provide an economic calendar for tracking global news events, catering to those needing to stay informed on market trends. iFOREX edges ahead in research offerings with a 3.5-star rating, while IUX holds a 3-star rating. In the broader landscape of brokerage rankings by ForexBrokers.com, iFOREX is positioned at number 48 out of 63 brokers for research capabilities, in contrast to IUX, which ranks at number 59. This analysis highlights iFOREX's comprehensive market tools and higher overall ranking, which may be beneficial for traders seeking enriched market insights and commentary.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both iFOREX and IUX offer a limited selection, as neither provides the depth of resources one might hope for. While both brokers do not have a comprehensive collection of at least 10 educational pieces such as articles or webinars focused on forex or CFDs, they make up for this shortfall by offering at least 10 beginner-friendly videos covering essential trading topics. However, neither platform hosts regular online webinars or maintains a searchable archive of past webinars, which could limit learners who prefer interactive or on-demand content.
Looking deeper into more advanced resources, both iFOREX and IUX fall short, lacking a diverse collection of advanced videos or a robust investor dictionary. In terms of educational ratings, iFOREX slightly edges ahead with a 3.5-star rating, ranked #53 out of 63 brokers for education, while IUX holds a 3-star rating, positioned at #59. If educational resources are a top priority for beginners, potential users might weigh these factors when choosing between the two platforms.
| Feature |
iFOREX
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that iFOREX is better than IUX. iFOREX finished with an overall rank of #52, while IUX finished with an overall rank of #63.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 69 |
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Both iFOREX and IUX do not provide the option to purchase actual cryptocurrency; however, they both offer the ability to buy cryptocurrency derivatives.
When comparing the online brokers iFOREX and IUX, both platforms offer Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, but iFOREX uniquely provides PayPal support, whereas neither supports ACH or SEPA transfers.
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 | iFOREX | IUX | |
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| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | IUX | |
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| Regulation | iFOREX | IUX | |
|---|---|---|---|
| Trust Score | 75 | 69 | |
| Year Founded | 1996 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | iFOREX | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | iFOREX | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 152 | |
| Forex Pairs (Total) | 88 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | iFOREX | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | iFOREX | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 46 | |
| Charting - Indicators / Studies (Total) | 57 | 106 | |
| Charting - Drawing Tools (Total) | 25 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | iFOREX | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | No | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 106 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | No |
| Research | iFOREX | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
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| Overall | iFOREX | IUX | |
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| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
| Review |
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