Written by ForexBrokers.com
In this head to head comparison of IronFX 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.
IronFX and IUX are two online brokers offering different levels of trust and regulatory backing for traders looking to make informed decisions. IronFX, established in 2010, holds a trust score of 83 out of 99 according to ForexBrokers.com, which places it in the "trusted" category. It boasts three Tier-1 licenses, signaling a solid degree of credibility to prospective clients. In contrast, IUX, founded in 2016, scores 69 on the trust scale, indicating a "high risk" option for traders. Despite holding one Tier-2 license, IUX lacks the Tier-1 regulatory approval that many consider a hallmark of reliability. Neither IronFX nor IUX is publicly traded or operates as a bank.
These regulatory and trust score distinctions serve as essential considerations for individuals comparing IronFX and IUX in choosing an online broker. IronFX's higher trust score coupled with multiple Tier-1 licenses offers a more secure proposition for traders wary of risk. Meanwhile, IUX provides a less reassuring option, given its lower tier of regulatory oversight. When comparing these two brokers, the emphasis on trust scores and licensing highlights the significance of regulatory frameworks in safeguarding your trading activities.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Year Founded | 2010 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing the commissions and fees of IronFX and IUX, both brokers offer a range of account options, but each with distinct pricing structures. IronFX presents higher-than-average spreads in the industry, listing a typical spread of 1.8 pips for their Standard variable spread account. Their zero fixed-spread account starts with no spread but includes an $18 per lot commission, alongside overnight spreads widened to 3 pips. Despite these offerings, IronFX earns a 4-star rating for commissions and fees and ranks 47th out of 63 brokers in this category by ForexBrokers.com.
IUX, on the other hand, adjusts its pricing based on account type, with lower minimum deposits for Standard accounts ($10) and higher deposits for trader-centric Raw and Pro accounts ($500). While the Standard accounts emphasize deposit bonuses at the cost of wider spreads, the Raw account boasts low spreads with a $6 per standard lot commission. The Pro account offers spread-only pricing with a competitive average spread of 0.7 pips for the EUR/USD currency pair. Additionally, IUX holds a 4-star rating for commissions and fees and is ranked 49th by ForexBrokers.com.
Both IronFX and IUX provide structured pricing plans catering to different trading needs. IronFX seems to focus on variable spread accounts with nuanced commission models, while IUX targets both spread-only and commission-based accounts for diverse strategies. Ultimately, each broker's approach offers advantages depending on your trading style, capital, and promotion preferences, making it essential to assess the trade-offs between their offered spreads, commissions, and other account conditions.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Minimum Deposit | $50 | 10 |
| Average Spread EUR/USD - Standard | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
IronFX and IUX both provide the opportunity to trade forex as a CFD or spot contract. However, when it comes to the sheer number of tradeable options, IronFX offers a distinct advantage with 340 tradeable symbols, including 83 forex pairs, compared to IUX's 152 symbols and 34 forex pairs. Moreover, neither broker allows clients to trade exchange-traded securities (not CFDs) on U.S. exchanges. However, IUX distinguishes itself by offering access to international exchange-traded securities, a feature IronFX does not provide.
Copy trading is supported by IronFX, giving clients a chance to replicate the trades of successful investors, while IUX lacks this feature. In terms of cryptocurrency offerings, both brokers allow trading in cryptocurrency derivatives but not in the actual cryptocurrencies themselves. Despite these differences, both IronFX and IUX share a 3.5-star rating for their range of investments. Yet, IronFX holds a slightly higher ranking, placed at #51 compared to IUX's #60, out of 63 brokers according to ForexBrokers.com.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 152 |
| Forex Pairs (Total) | 83 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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 IronFX and IUX, both brokers stand out in different areas. IronFX supports simulated trading through a free virtual demo account, just like IUX. However, IronFX does not have a proprietary platform, unlike IUX, which offers its own in-house developed platform. Both companies provide a Windows-based desktop download and a web-based trading platform, giving users flexible access to their trading accounts. Despite IUX not supporting copy trading, IronFX does offer this feature, which can be attractive to those interested in mirroring successful trades. While IronFX provides access to the popular MetaTrader 4 (MT4) platform, it does not support MetaTrader 5 (MT5), which IUX does. None of the platforms offer DupliTrade or ZuluTrade integrations.
In terms of charting tools, IronFX offers 15 drawing tools, while IUX significantly surpasses this with 89 drawing tools, catering to more advanced chart analyses. Both brokers enable trading directly from stock charts, making trade executions straightforward. When it comes to managing watch lists, IUX again offers more flexibility with 46 columns for data fields, compared to IronFX's 7 columns. Both brokers received a 3.5-star rating for their trading platforms and tools. However, when ranked among 63 brokers by ForexBrokers.com, IUX comes out slightly ahead at #59, compared to IronFX's #61 ranking. This comparison highlights IUX’s strengths in platform innovation and analytical depth, while IronFX offers tried-and-true tools like MT4 and the option for copy trading.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IronFX and IUX, both platforms are accessible on iPhone and Android devices. IronFX stands out by offering stock and forex price alerts, a feature that IUX lacks. However, IUX compensates for this by providing an impressive 106 technical studies for charting within its mobile app, far surpassing IronFX's offering of 30 technical studies. Chart enthusiasts may find IronFX a better choice if they need to draw trendlines on stock or forex charts, as this feature is absent in IUX's app. Both providers allow viewing multiple time frames and ensure that chart drawings are automatically saved, adding convenience for users.
Creating a watchlist with real-time quotes is supported by both IronFX and IUX, although neither offers watchlist symbol syncing with the user's online account. Both platforms earn a mobile trading app rating of 3.5 out of 5 stars. Among 63 brokers evaluated by ForexBrokers.com, IronFX ranks at #62, while IUX is slightly ahead at #60. Each app offers distinct strengths, and traders must weigh their preferences for alerts and charting tools when choosing between these two brokers.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 it comes to market research offerings, IronFX stands out compared to IUX, particularly in daily market commentary and access to high-tier forex news from sources like Bloomberg, Reuters, and Dow Jones. While IUX does not provide these features, IronFX also takes it a step further with its integration of analysis tools from Trading Central, although both platforms lack resources from Autochartist and Acuity Trading. Neither brokerage offers sentiment-based trading tools or market insights from TipRanks.
Both IronFX and IUX provide an economic calendar that covers global news events, assisting traders in staying informed about impending economic changes. IronFX is rated 4 stars for research, compared to IUX's 3-star rating, highlighting the former's stronger analytical capabilities. According to ForexBrokers.com, IronFX ranks #28 out of 63 brokers in the Research category, whereas IUX falls behind at #59, indicating IronFX’s broader appeal in delivering comprehensive market insights to its users.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | 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 beginner traders, IronFX outshines IUX in several areas. IronFX offers a rich selection of over 10 educational pieces focused on forex and CFDs, alongside a searchable archive of recorded webinars. This helps beginners access a wealth of information conveniently. In addition to these resources, IronFX provides a comprehensive investor dictionary with definitions for over 50 investing terms, making it easier for newcomers to get familiar with trading jargon. On the other hand, while IUX also provides beginner educational videos, it doesn't match the broad range of resources available at IronFX, especially since it lacks an investor dictionary and a webinar archive.
Both IronFX and IUX offer educational videos specifically designed for beginners, helping novices grasp essential trading concepts. However, neither platform provides advanced videos for experienced traders or monthly webinars, which might limit users looking for continuous learning opportunities. In terms of ratings, IronFX receives a higher education score of 4 out of 5 stars, ranking #44 out of 63 brokers by ForexBrokers.com, while IUX receives 3 stars and ranks at #59. These ratings reflect the more extensive beginner-friendly educational offerings that IronFX presents compared to IUX.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 IronFX is better than IUX. IronFX finished with an overall rank of #48, while IUX finished with an overall rank of #63.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
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Both IronFX and IUX do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.
Both IronFX and IUX offer Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but neither supports ACH, SEPA transfers, or PayPal.
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 | IronFX | IUX | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | IUX | |
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| Regulation | IronFX | IUX | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2010 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | IronFX | 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 | IronFX | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 152 | |
| Forex Pairs (Total) | 83 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | IronFX | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | IUX | |
|---|---|---|---|
| Minimum Deposit | $50 | 10 | |
| PayPal (Deposit/Withdraw) | No | 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 | IronFX | IUX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | IronFX | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | IronFX | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IronFX | 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 |
| Overall | IronFX | IUX | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review |
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