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.
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Spreadex vs IUX: Spreadex, founded in 1999, and IUX, founded in 2016, are online brokers that are not publicly traded and are not banks. On the ForexBrokers.com Trust Score scale, Spreadex scores 70/99 and IUX scores 76/99; both fall in the 70–79 band, which ForexBrokers.com labels average risk (90–99 highly trusted, 80–89 trusted, 60–69 high risk, under 59 not trusted).
In terms of regulation, each broker holds one Tier-1 license (considered highly trusted by ForexBrokers.com). IUX also holds one Tier-2 license (trusted), while Spreadex holds none at Tier-2. If you weigh licensing and Trust Score when choosing a broker, IUX has a slight edge on paper, though both sit in the same risk band.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, Spreadex and IUX both offer pricing that can work well for many traders, but they take different approaches. Spreadex is a spread-only broker, and in January 2024 its EUR/USD average spread was 0.81 pips, with a minimum spread of 0.6 pips available 60% of the time during the month. It is rated 4 out of 5 stars for commissions and fees and ranks #27 out of 36 brokers in ForexBrokers.com’s Commissions and Fees category.
IUX also earns a strong score, with a 4.5 out of 5-star rating and a #19 ranking out of 36 brokers. Its pricing depends on the account you choose: Standard and Standard+ accounts start with a $10 minimum deposit, while the Raw and Pro accounts require $500. Standard+ allows deposit bonus promotions but usually has wider spreads, Standard has lower spreads without bonuses, the Pro account is spread-only with lower spreads than the Standard options, and the Raw account offers the tightest spreads but adds a $6 commission per 100,000 units traded.
Overall, Spreadex is simple and easy to understand, while IUX gives traders more choice. If you want a straightforward spread-only setup, Spreadex may appeal to you, but if you are willing to compare account types for potentially lower trading costs, IUX offers more flexibility and slightly better overall pricing marks. For EUR/USD, IUX lists average spreads of 0.9 pips on Standard, 0.7 pips on Pro, and about 0.6 pips on Raw when commission is included.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Spread-only account | 0.81 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Spreadex gives traders a much broader set of choices than IUX. Spreadex lists 10,000 tradable symbols and 52 forex pairs, while IUX offers 152 tradable symbols and 34 forex pairs. Both brokers support forex trading as CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency or use copy trading. Neither broker offers U.S.-listed exchange traded securities, such as Apple shares.
The main difference is that IUX does offer exchange traded securities on international markets, while Spreadex does not. That wider access still does not outweigh Spreadex’s much larger overall market selection, which is reflected in its 5-star rating for Range of Investments and #13 ranking out of 36 brokers, compared with IUX’s 3.5-star rating and #38 ranking.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 152 |
| Forex Pairs (Total) | 52 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 give traders a free demo account, a proprietary platform, a web-based platform, and the ability to trade directly from charts. Neither broker offers copy trading, and neither supports MetaTrader 4. For traders who want simple access through a browser, both brokers cover the basics well, but their platform choices are otherwise quite similar.
The key difference is that IUX also offers a Windows desktop platform and MetaTrader 5, while Spreadex does not. In ForexBrokers.com’s Trading Platforms and Tools category, Spreadex is rated 4 out of 5 stars and ranks #37 out of 36 brokers, while IUX is rated 3.5 out of 5 stars and ranks #38. That makes Spreadex slightly ahead overall, even though IUX offers more desktop platform options.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and IUX both offer mobile trading apps for iPhone and Android, so traders can manage positions on the go with either broker. Spreadex stands out for stock or forex price alerts, which IUX does not offer. It also lets users draw trendlines in the app, while IUX does not. On the other hand, neither broker offers watchlist syncing between the mobile app and online account, so changes made in one place do not carry over to the other.
When it comes to charting, IUX offers more in-app tools, with 106 technical studies and automatic saving of chart drawings, while Spreadex lists no technical studies and does not auto-save drawings. Still, Spreadex has the higher mobile app rating at 4 out of 5 stars, compared with 3.5 stars for IUX. In ForexBrokers.com’s mobile trading apps ranking, Spreadex places #36 out of 36 brokers, while IUX ranks #38 out of 36, indicating both trail the field in this category.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex offers a stronger market research package than IUX. It provides daily market commentary, forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus Autochartist tools and a sentiment feature that shows how many traders are long or short on a market. Both brokers include an economic calendar, but Spreadex adds more ways to track market moves and trading ideas. That is reflected in its 4-star research rating and its better ForexBrokers.com ranking of #29 out of 36 brokers.
IUX is more limited for market research. It does not offer daily commentary, top-tier forex news, Autochartist, sentiment tools, Trading Central, TipRanks, or Acuity Trading. Its main research feature is an economic calendar, which helps traders follow key global events. Even so, it trails Spreadex with a 3-star research rating and a lower ForexBrokers.com ranking of #37 out of 36 brokers.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner learning tools, both Spreadex and IUX give new traders a solid starting point. Each broker offers at least 10 beginner-focused videos on trading topics, and both also provide forex or CFDs education with at least 10 pieces of content. That means beginners can find helpful material at either broker without needing to search far for the basics. Neither broker, however, offers monthly online educational webinars for clients, and neither one has at least 10 advanced videos aimed at more experienced traders.
Looking at overall education quality, Spreadex comes out ahead. It is rated 4 out of 5 stars for Education and is ranked #36 out of 36 brokers by ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranked #38. In simple terms, both brokers cover the essentials for beginners, but Spreadex offers the stronger learning experience overall.
| Feature |
Spreadex
|
IUX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 #33, while IUX finished with an overall rank of #38.
Spreadex is a U.K.-based broker best known for its multi-asset offering, including forex, CFDs, spread betting, and options, alongside access to the TradingView platform and solid research content.
| Feature |
Spreadex
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IUX
|
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| Trust Score | 70 | 76 |
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Spreadex vs IUX: neither online broker supports buying actual delivered cryptocurrency, but both offer cryptocurrency CFD trading.
Comparing online brokers Spreadex and IUX for deposit and withdrawal options: neither offers ACH/SEPA or PayPal, both allow bank wire transfers, IUX supports Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either.
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 | 70 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review | IUX Review |
| Broker Screenshots | Spreadex | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | Spreadex | IUX | |
|---|---|---|---|
| Trust Score | 70 | 76 | |
| 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 | 1 | |
| 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 | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Spreadex | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 152 | |
| Forex Pairs (Total) | 52 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 0.81 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Spreadex | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Spreadex | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | IUX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | IUX | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Spreadex Review | IUX Review |
| Overall | Spreadex | IUX | |
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| Trust Score | 70 | 76 | |
| Winner | check_circle | ||
| Review | Spreadex Review | IUX Review |
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