Written by ForexBrokers.com
In this head to head comparison of IG 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 the online brokers IG and IUX, it's clear that IG, established in 1974, holds a significant lead in terms of trust and regulatory credibility. IG is publicly traded and operates as a bank, adding to its credibility among investors. It boasts a remarkable Trust Score of 99, the highest rating from ForexBrokers.com, reflecting its status as a highly trusted broker. Furthermore, IG holds an impressive eight Tier-1 licenses and two Tier-2 licenses, underscoring its strong regulatory foundation.
On the other hand, IUX, which began in 2016, is a privately held entity and not a bank. Its ForexBrokers.com Trust Score is 69, placing it in the high-risk category. IUX currently holds no Tier-1 licenses, though it does have one Tier-2 license. These factors indicate that while IUX operates in the financial market, it does not compare to IG in terms of regulatory trustworthiness and transparency. Overall, IG provides a more secure choice for those prioritizing regulation in their brokerage decisions.
| Feature |
IG
|
IUX
|
|---|---|---|
| Year Founded | 1974 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing IG and IUX, two prominent online brokers, their commission structures and fees reveal distinct approaches. IG takes pride in offering scalable pricing advantageous for active traders, notably through its Forex Direct accounts. With spreads averaging 0.62 pips and a slightly higher all-in cost of 0.82 pips due to commissions in July 2023, IG's Forex Direct account presents competitive options for experienced traders. Moreover, IG caters to volume traders with its active-trader rebate program, offering discounts up to 20% for qualifying participants. For those with larger trading volumes, IG's DMA account provides more significant savings, with commission rates potentially as low as $10 per million, translating to an effective spread of 0.82 pips.
In contrast, IUX offers flexible account types, with both spread-only and commission-based options tailored for active traders. Its Standard accounts require a minimal $10 deposit but differ in spread width, depending on promotional bonuses. For the more engaged traders, the Raw and Pro accounts come in, each with a $500 minimum deposit. The Raw account is alluring due to its low spreads and a commission of $6 per standard lot, while the Pro account, being spread-only, boasts a competitive average spread of 0.7 pips. Although IUX's pricing is competitive for smaller brokers, it does not surpass the industry's lowest-cost leaders, with careful consideration needed regarding spreads, commissions, and deposit prerequisites.
In terms of market perception, IG earns an impressive 5-star rating for its commissions and fees, ranked #8 out of 63 brokers by ForexBrokers.com. Meanwhile, IUX holds a respectable 4-star rating, positioned at #49 in the same category. Such rankings reflect IG's robust position in providing cost-effective trading solutions for active and experienced traders, whereas IUX remains a more modest, though valuable, choice for traders balancing competitive pricing with minimal deposit requirements.
| Feature |
IG
|
IUX
|
|---|---|---|
| Minimum Deposit | £250.00 | 10 |
| Average Spread EUR/USD - Standard | 0.98 | 0.9 |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of online brokers IG and IUX, it's clear that IG provides a more extensive range of options. IG boasts an impressive selection of 19,537 tradeable symbols, significantly higher than IUX's 152. In terms of forex trading, IG offers 97 tradeable forex pairs while IUX provides 34. Both brokers facilitate forex trading as CFDs or spot contracts, and they also offer cryptocurrency derivatives, though neither allows for the purchase of actual cryptocurrencies. However, one notable difference is that IG allows clients to trade exchange-traded securities on U.S. exchanges, offering access to companies like Apple, a benefit not provided by IUX.
Additionally, both IG and IUX offer trading in exchange-traded securities on international exchanges such as the London Stock Exchange. Neither broker provides a copy trading feature. Overall, IG garners a higher rating for its range of investments, earning 5 stars compared to IUX's 3.5 stars. In rankings provided by ForexBrokers.com, IG is placed 4th out of 63 in the Range of Investments category, whereas IUX ranks much lower at 60th. This makes IG a potentially better choice for those seeking a broader selection of investment opportunities.
| Feature |
IG
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 152 |
| Forex Pairs (Total) | 97 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 offered by IG and IUX, both brokers provide simulated trading through free virtual demo accounts, making them accessible for those looking to practice without risk. Both offer proprietary platforms and Windows-based desktop download platforms, along with web-based systems for easy access. While neither IG nor IUX supports copy trading or third-party platforms like DupliTrade and ZuluTrade, IG includes MetaTrader 4, whereas IUX favors MetaTrader 5. Charting capabilities vary, with IG offering 20 drawing tools and IUX providing a more extensive set of 89 tools. Both brokers allow trading directly from stock charts, though a distinct difference is found in their watch list functionalities, as IG offers 5 columns compared to IUX's 46.
In terms of user ratings and industry rankings, IG shines with five stars for its trading platforms and tools and holds a strong position at #2 out of 63 brokers according to ForexBrokers.com. IUX, on the other hand, earns a modest 3.5 stars, reflecting its features and design, resulting in a significantly lower rank of #59. These distinctions highlight IG's effectiveness in delivering intuitive and comprehensive trading experiences, while potential users of IUX might need to weigh the availability of trading tools and resources when making a decision.
| Feature |
IG
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 106 |
| Charting - Drawing Tools (Total) | 20 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IG and IUX, both platforms provide convenience with apps available for both iPhone and Android. IG stands out by offering stock or forex price alerts to keep users updated on market movements, a feature that IUX currently lacks. IG also supports watchlist symbol syncing, allowing users to seamlessly track changes across both its mobile app and online account, whereas IUX does not provide this function. While IG offers a respectable 33 technical studies for chart analysis, IUX provides a whopping 106, offering more in-depth analysis options. IG allows users to draw trendlines on charts, a useful feature not supported by the IUX app. Both apps do allow users to view charts in various time frames, and they auto-save chart drawings. Creating a watchlist with real-time quotes is another shared feature between the two.
Despite some similarities, IG's user experience seems to have been rated higher overall, scoring 5 out of 5 stars for its mobile trading app compared to IUX's 3.5 stars. Among 63 brokers, IG is ranked as the number one option for mobile trading apps on ForexBrokers.com, underscoring its favorability and user satisfaction. Conversely, IUX is ranked 60th, indicating significant room for improvement. These rankings suggest that IG's app might be more reliable and user-friendly, making it a preferred choice for traders who prioritize app functionality.
| Feature |
IG
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing IG and IUX in terms of market research offerings, IG stands out as a clear leader. IG provides daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, as well as a variety of technical and fundamental research tools from notable companies such as Autochartist and Acuity Trading. Moreover, IG offers sentiment-based trading tools and market research from TipRanks, enhancing its comprehensive research capabilities. On the other hand, IUX lacks these features, providing no daily market commentary or news from leading sources, and it does not support research tools from Autochartist or offer sentiment-based tools or TipRanks analysis.
Both IG and IUX do provide an economic calendar for global news events, keeping traders informed about current and future economic developments. However, when it comes to overall research quality, IG tops the charts with a 5-star rating and holds the impressive #2 position out of 63 brokers ranked by ForexBrokers.com. Meanwhile, IUX falls short with a 3-star rating, ranking at #59, highlighting significant differences in the depth and quality of research tools and resources between the two brokers.
| Feature |
IG
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IG stands out significantly compared to IUX. IG provides an extensive range of educational materials on forex and CFDs, boasting over 10 articles, videos, and archived webinars focused on these subjects. In contrast, IUX does not meet this benchmark. IG also excels in delivering monthly educational webinars and offers a searchable archive of past sessions, features that are absent from IUX's offerings. Both brokers offer at least 10 beginner videos on trading topics, ensuring that newcomers have a foundation to build upon. However, IG advances further by offering more than 10 videos aimed at experienced traders, while IUX falls short in this area.
Furthermore, IG enhances its educational package with an investor dictionary containing over 50 investing terms, an asset not provided by IUX. These comprehensive resources have earned IG a 5-star rating for education and the top position out of 63 brokers, as ranked by ForexBrokers.com. In comparison, IUX receives a 3-star rating, placing it at a distant #59. This makes IG a more favorable choice for beginners seeking strong educational support in navigating the trading landscape.
| Feature |
IG
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IG is better than IUX. IG finished with an overall rank of #1, while IUX finished with an overall rank of #63.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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Both online brokers IG and IUX do not provide the option to buy actual delivered cryptocurrency, but they each offer the ability to buy cryptocurrency derivatives.
When comparing online brokers IG and IUX, IG provides more versatile payment options with support for ACH and SEPA transfers, PayPal, and both Visa and Mastercard, along with bank wires, while IUX supports Skrill, Visa and Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal services.
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 | IG | IUX | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | IUX | |
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| Regulation | IG | IUX | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1974 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IG | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 152 | |
| Forex Pairs (Total) | 97 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | IG | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | IUX | |
|---|---|---|---|
| Minimum Deposit | £250.00 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 46 | |
| Charting - Indicators / Studies (Total) | 33 | 106 | |
| Charting - Drawing Tools (Total) | 20 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | IG | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | IG | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IG | 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 | |
| Review | IG Review |
| Overall | IG | IUX | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | IG Review |
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