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.
IG, founded in 1974, stands as a highly trusted online broker with a top-notch Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded company and a bank, IG holds an impressive eight Tier-1 licenses, positioning it as a leading choice for traders seeking reliable and secure services. In addition, IG has two Tier-2 licenses, further enhancing its strong regulatory standing.
In contrast, IUX was established in 2016 and is not publicly traded nor a bank. It holds a ForexBrokers.com Trust Score of 78 out of 99, placing it in the average risk category. IUX has one Tier-1 and one Tier-2 license, offering a basic level of trustworthiness compared to IG. Both brokers provide distinct advantages and features, but IG's extensive regulatory oversight and public status add layers of credibility and confidence for its users.
| Feature |
IG
|
IUX
|
|---|---|---|
| Year Founded | 1974 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of IG and IUX, IG demonstrates its capacity for scalable execution across its trading products. While not a discount broker, IG excels with its Forex Direct accounts, particularly appealing to active traders through competitive pricing. During July 2023, IG's typical spreads for its Forex Direct accounts averaged around 0.62 pips, with an all-in cost of 0.82 pips when including a per trade commission. For volume traders, IG's three-tier rebate program offers significant savings, which can reduce costs to as low as 0.60 pips for qualifying professionals. IG's ability to execute large orders is mirrored in its DMA account offering, which requires a minimum deposit of £1,000, providing deeper discounts with a spread as low as 0.62 pips for high-volume traders, featuring commissions that drop significantly as trading volume increases.
In contrast, IUX offers a tiered approach to pricing with options designed to accommodate both standard and active traders. Standard accounts require a small $10 minimum deposit, offering varied spreads depending on whether bonus promotions are preferred. For more active trading, the Raw account offers the lowest spreads but includes a commission fee, while the Pro account provides lower spreads without additional commissions. Without specific date ranges, IUX reports an average spread of 0.7 pips on its Pro account and 0.6 pips on its commission-based Raw account. Although IUX presents competitive pricing for a smaller broker, it doesn't consistently rival the lowest-cost leaders in the industry, despite its Pro account being a close contender.
In terms of ratings and rankings, IG scores an impressive 5 stars for its commissions and fees, securing the #8 position out of 63 brokers on ForexBrokers.com. Meanwhile, IUX is rated 4 stars and is positioned at #48 out of the same 63 brokers when evaluating the same category. Potential traders should carefully assess each broker's offerings, considering the trade-offs between spread, commission, and deposit requirements to determine the best fit for their trading strategy.
| 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 IG and IUX based on their range of investments, IG provides a significantly wider selection for traders. IG offers an impressive total of 19,537 tradeable symbols, including 97 forex pairs, while IUX provides 152 tradeable symbols with 34 forex pairs. IG stands out by allowing clients to invest in exchange-traded securities both on U.S. and international exchanges, granting the ability to buy shares like Apple and Vodafone. In contrast, IUX does not offer access to U.S. exchange-traded securities. Both platforms offer forex trading as either CFDs or spot contracts, yet only IG allows for purchasing actual cryptocurrencies, in addition to cryptocurrency derivatives, whereas IUX offers only derivatives.
Both IG and IUX do not provide copy trading services, which is important for traders who may want to mimic experienced investors' strategies. In the ForexBrokers.com ranking for the Range of Investments category among 63 brokers, IG is highly rated at #4 with five stars, reflecting their extensive offerings. Meanwhile, IUX is ranked #60, with a rating of 3.5 stars, highlighting a more limited range of investment options. For those seeking a broader spectrum of trading opportunities, IG clearly presents a more comprehensive platform compared to IUX.
| 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) | Yes | 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 #55.
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 | 78 |
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In comparing IG and IUX for cryptocurrency trading, IG provides the option to buy both actual delivered cryptocurrency and cryptocurrency derivatives, while IUX offers only the ability to purchase 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 | 78 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | IUX | |
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| Regulation | IG | IUX | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| 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 | 1 | |
| 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 | Yes | |
| 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) | Yes | 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 | 78 | |
| Winner | check_circle | ||
| Review | IG Review |
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