Written by ForexBrokers.com
In this head to head comparison of Spreadex 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 it comes to choosing an online broker, understanding their level of trust and regulation is important. Spreadex, established in 1999, holds one Tier-1 license, earning it a Trust Score of 71, which is considered an average risk by ForexBrokers.com. In contrast, IUX, which began in 2016, does not have any Tier-1 licenses. Instead, it holds a Tier-2 license and has a slightly lower Trust Score of 69, placing it in the high-risk category according to ForexBrokers.com's ratings.
Neither Spreadex nor IUX is publicly traded or operates as a bank, which might be factors some investors consider when evaluating options for trading. With Spreadex's longer history and higher level of Tier-1 regulation, it may appeal more to those seeking slightly more regulatory assurance. However, IUX might still catch the interest of those who are comfortable with higher risk and value its different offerings.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
When evaluating online brokers Spreadex and IUX based on their commissions and fees, both achieve a 4-star rating, yet they occupy different positions in the market rankings. Spreadex holds the 27th position out of 63 brokers as per ForexBrokers.com, with its competitive offerings for traders. In January 2024, Spreadex reported an average spread of 0.81 pips for the popular EUR/USD currency pair, and a minimum spread of 0.6 pips, achieved 60% of the time during the month. This makes Spreadex a solid option for traders looking for consistently tight spreads without surprise fees.
IUX also offers a variety of account options tailored to differing trader needs. Their accounts range from spread-only to commission-based, particularly appealing for active traders. The Standard and Standard+ accounts start with a $10 minimum deposit. The Standard account provides lower spreads, whereas the Standard+ offers deposit bonuses at the cost of wider spreads. For those trading more actively, the Raw and Pro accounts come with a $500 minimum deposit. The Raw account features the lowest spreads but includes a $6 per 100,000 units commission. The Pro account stands out with its spread-only model, delivering lower spreads compared to the Standard accounts.
While IUX lists an average spread of 0.7 pips for its Pro account and 0.9 pips for the Standard account, the Raw account offers stakes close to 0.6 pips after accounting for the pip equivalent of the commission. Despite being competitive, IUX ranks 49th in commissions and fees among 63 brokers. This underscores the importance of weighing factors such as spreads, commissions, and deposits when selecting a broker that aligns with your trading strategy.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | No | 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.
Spreadex and IUX both provide forex trading options as CFDs or spot contracts, making them accessible choices for currency traders. However, Spreadex clearly stands out with a vast array of 10,000 tradeable symbols compared to the 152 offered by IUX. In terms of forex pairs, Spreadex provides 52 options, surpassing IUX's 34. Neither broker offers exchange-traded securities on U.S. exchanges, but IUX sets itself apart by offering securities on international exchanges like the London Stock Exchange. On the cryptocurrency front, both brokers enable trading of derivatives, though they do not offer the purchase of actual cryptocurrencies.
In terms of overall investment range, Spreadex has a higher rating with five stars and ranks 13th out of 63 brokers, indicating a broader and more accessible selection for traders. Conversely, IUX is rated 3.5 stars and ranks 60th, reflecting a more limited offering. While both do not provide features like copy trading or the purchase of physical cryptocurrencies, Spreadex's diverse options contribute to its higher evaluation by ForexBrokers.com in the range of investments category.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 152 |
| Forex Pairs (Total) | 52 | 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.
Spreadex and IUX both offer unique trading platforms, but they cater to different preferences and needs. Spreadex provides a proprietary web-based platform with the option for simulated trading through a free virtual demo account. It doesn't support MetaTrader 4 or 5 but allows direct trading from stock charts and includes 11 drawing tools for charting, offering a simpler experience. Watch list customization is less extensive, with eight columns available. Despite lacking a Windows-based desktop platform, Spreadex earns a four-star rating for its platforms and tools, ranking 46th out of 63 brokers on ForexBrokers.com.
IUX also features a proprietary web-based platform, complemented by the advantage of a Windows-based desktop option. Like Spreadex, it offers a free demo account but goes further with support for MetaTrader 5, providing more advanced options for seasoned traders. Although it lacks copy trading and popular platforms like MT4, IUX makes up for it with comprehensive charting capabilities, including 89 drawing tools and the ability to trade directly from stock charts. Its watch list features are robust, offering 46 columns for detailed tracking. However, its overall rating for platforms and tools is 3.5 stars, and it ranks 59th according to ForexBrokers.com.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | 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) | 58 | 106 |
| Charting - Drawing Tools (Total) | 11 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and IUX provide mobile trading apps for iPhone and Android users, ensuring accessibility across these popular platforms. While both apps allow users to view multiple time frames on stock or forex charts, they differ in other features. Spreadex stands out by providing the option to draw trend lines, a feature IUX's app lacks. However, IUX compensates by offering 106 technical studies for charting, something not available on Spreadex's app. When it comes to creating watchlists with real-time quotes, both apps perform well, but Spreadex has the added advantage of delivering stock and forex price alerts, which is a missing element in IUX's offering.
In terms of overall user ratings, Spreadex's mobile app takes the lead with a 4-star rating, while IUX follows closely with a 3.5-star rating. According to rankings from ForexBrokers.com, Spreadex holds the 46th position out of 63 brokers for mobile trading apps, whereas IUX is placed at 60th. Each app has its strengths and limitations; traders seeking price alerts and trendline drawing features may lean towards Spreadex, while those interested in a vast array of technical studies might prefer IUX.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex stands out in the world of online trading by offering a comprehensive range of market research tools that cater to both novice and experienced traders. Notably, Spreadex provides daily market commentary and delivers forex news from top-tier sources such as Bloomberg and Reuters. Additionally, traders can benefit from tools like Autochartist for technical analysis and a sentiment-based trading tool that displays the ratio of long or short positions across currency pairs. Furthermore, Spreadex includes an economic calendar to keep users informed of global news events. With a 4-star research rating and a ranking of #31 out of 63 brokers according to ForexBrokers.com, Spreadex demonstrates a commitment to providing quality research resources.
By contrast, IUX offers a more limited selection of market research features. While it shares the provision of an economic calendar with Spreadex, IUX does not furnish daily market commentary, top-tier forex news, or sentiment-based trading tools. Moreover, it lacks access to Autochartist or other advanced technical analysis resources. Consequently, IUX earns a 3-star research rating and is positioned at #59 among 63 brokers in the ForexBrokers.com ranking. This highlights a significant difference in the depth and breadth of market research offerings between Spreadex and IUX, emphasizing Spreadex's superior capabilities in supporting traders through insightful market information.
| Feature |
Spreadex
|
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 | 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, Spreadex stands out compared to IUX. Spreadex offers a collection of over 10 educational pieces focused on forex or CFDs, giving beginners ample material to study. While both Spreadex and IUX provide more than 10 beginner-friendly videos on trading topics, Spreadex takes a further step by offering an investor dictionary with over 50 definitions, which can be particularly helpful for those just starting. However, neither platform provides online educational webinars or archives of recorded sessions, potentially limiting real-time learning opportunities.
In terms of rankings, Spreadex holds a slightly higher education rating of 4 stars compared to IUX's 3 stars. This difference is reflected in their rankings by ForexBrokers.com, with Spreadex positioned at #45 and IUX at #59 out of 63 brokers. While both platforms have their merits, Spreadex seems to offer a more comprehensive suite of educational tools for beginners in the trading field.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than IUX. Spreadex finished with an overall rank of #39, while IUX finished with an overall rank of #63.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 69 |
| Range of Investments |
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Both Spreadex and IUX do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
While both Spreadex and IUX provide Visa, Mastercard, and bank wire options for depositing and withdrawing funds, only IUX offers the additional convenience of using Skrill, as neither broker supports ACH, SEPA, or PayPal 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 | Spreadex | IUX | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | IUX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
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| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | IUX | |
|---|---|---|---|
| Trust Score | 71 | 69 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | No |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 152 | |
| Forex Pairs (Total) | 52 | 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 | Spreadex | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | 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 | Spreadex | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 46 | |
| Charting - Indicators / Studies (Total) | 58 | 106 | |
| Charting - Drawing Tools (Total) | 11 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Spreadex | 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 | N/A | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Spreadex | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | 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) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | IUX | |
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| Trust Score | 71 | 69 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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