Written by ForexBrokers.com
In this head to head comparison of Swissquote 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 online brokers Swissquote and IUX, regulatory details play a pivotal role in understanding the trustworthiness and reliability of each platform. Established in 1996, Swissquote stands out with a top-tier Trust Score of 99 out of 99 as rated by ForexBrokers.com, signaling a high level of trust. Swissquote is publicly traded and operates as a bank, with the added security of five Tier-1 licenses and two Tier-2 licenses attesting to its solid credibility and stability. These factors position Swissquote as a secure choice for traders seeking assurance and reliability in their online trading experience.
On the other hand, IUX, founded in 2016, presents a different picture with a Trust Score of 69, indicating a higher risk compared to Swissquote. IUX is not listed on a stock exchange and is not a bank, which could correlate to its lower score. The broker holds no Tier-1 licenses and just one Tier-2 license, suggesting limited regulatory oversight. For traders, this means potentially higher risks when opting for IUX compared to Swissquote, as fewer regulatory protections are in place.
| Feature |
Swissquote
|
IUX
|
|---|---|---|
| Year Founded | 1996 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When evaluating the commissions and fees of Swissquote and IUX, potential users will notice differences in pricing structures across their various account options. Swissquote is a prominent name largely due to its association with Swiss banking prestige, but this adds a premium to its costs. The U.K. branch of Swissquote offers four types of accounts, with the Elite account appealing to active traders thanks to its lower spreads and $5 round-turn trade charge. However, their Standard account with a spread starting at 1.3 pips may not be as attractive to cost-conscious traders. Meanwhile, the Swiss arm of Swissquote presents spreads starting at 1.7 pips on a Standard account, requiring a heftier minimum deposit, illustrating Swissquote's position as a more costly option compared to low-cost forex brokers.
In contrast, the smaller broker IUX presents a more competitive fee structure, especially for cost-sensitive traders. With minimum deposits as low as $10 for Standard and Standard+ accounts, IUX makes forex trading accessible. The Raw and Pro accounts cater to active traders, demanding $500 minimum deposits, with the Raw account offering minimal spreads and a $6 commission per 100,000 units traded. IUX's Pro account draws attention by providing an average spread of 0.7 pips without a commission, fostering an economical trading environment for users.
Overall, while neither broker dominates the low-cost market, IUX edges out with a 4-star rating in commissions and fees, ranking at #49 out of 63 brokers according to ForexBrokers.com. Meanwhile, Swissquote, with a 3.5-star rating, stands at #53 in the same category. Traders considering these brokers must weigh the benefits of Swissquote's reputable banking background and broader service options against IUX's lower-cost, accessible pricing models.
| Feature |
Swissquote
|
IUX
|
|---|---|---|
| Minimum Deposit | $1000 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When comparing the variety of investment options available at Swissquote and IUX, Swissquote stands out with a significantly wider selection. Swissquote offers investors access to 472 tradeable symbols, including 80 forex pairs, while IUX provides 152 tradeable symbols and 34 forex pairs. Swissquote also allows for trading of exchange-traded securities on both U.S. and international exchanges, meaning clients can purchase shares of companies like Apple and Vodafone. In contrast, IUX only supports trading on international exchanges, leaving U.S. securities out of reach for its users.
Beyond traditional investments, Swissquote provides opportunities for both copy trading and the purchase of actual (delivered) cryptocurrencies, which are not available with IUX. While both brokers offer cryptocurrency derivatives, Swissquote's more extensive range of services and investment options is reflected in its 5-star rating for investment variety, positioning it at #2 out of 63 brokers in the Range of Investments category according to ForexBrokers.com. Meanwhile, IUX receives a 3.5-star rating, landing at #60 in the same ranking. This substantial difference underlines Swissquote's wider appeal for those interested in a diverse investment portfolio.
| Feature |
Swissquote
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 152 |
| Forex Pairs (Total) | 80 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | 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 of Swissquote and IUX, both brokers offer a comprehensive suite of services, including simulated (paper) trading through free virtual demo accounts and proprietary platforms developed in-house. Traders using either broker can take advantage of Windows-based desktop downloads and web-based trading options. However, Swissquote stands out with its support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IUX only supports MT5. Furthermore, Swissquote provides the option for copy trading, a feature IUX does not offer. Despite both brokers offering 75 drawing tools from Swissquote and 89 from IUX, as well as the ability to trade directly from a stock chart, Swissquote's higher rating of 4.5 stars versus IUX's 3.5 stars for trading platforms and tools reflects its broader functionality and appeal to investors.
Swissquote is ranked 12th out of 63 brokers by ForexBrokers.com for trading platforms and tools, a testament to its excellent offerings compared to IUX's rank of 59th. Although IUX boasts a more extensive selection of 46 fields for watch lists compared to Swissquote's 11, the overall package that Swissquote provides places it ahead in this category. Neither broker offers DupliTrade or ZuluTrade, but the robust toolset and support for popular trading platforms make Swissquote a preferred choice for those seeking a versatile and feature-rich trading experience.
| Feature |
Swissquote
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 106 |
| Charting - Drawing Tools (Total) | 75 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When looking at mobile trading apps, both Swissquote and IUX offer iPhone and Android applications, making it easy to trade on the go. Swissquote stands out with its ability to send stock or forex price alerts, a feature that is missing in the IUX app. Both brokers do not support the syncing of watchlist symbols between their mobile apps and online accounts. While Swissquote offers 30 technical studies for charting, IUX takes the lead by providing a remarkable 106 technical studies. Furthermore, Swissquote users can draw trendlines on charts, a feature that IUX lacks, although both apps allow traders to view charts in multiple time frames such as daily, weekly, or intraday.
Both Swissquote and IUX mobile apps auto-save chart drawings and offer the capability to create watchlists with real-time quotes. In terms of overall user satisfaction, Swissquote enjoys a higher rating of 4.5 stars out of 5, compared to IUX's 3.5 stars. This difference in user experience is reflected in their rankings by ForexBrokers.com, where Swissquote secures the 12th spot out of 63 brokers for mobile trading apps, whereas IUX is positioned at 60. Overall, for traders prioritizing charting features and alert systems, Swissquote seems to have the edge.
| Feature |
Swissquote
|
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.
In the realm of online trading, Swissquote stands out among its peers for its extensive market research offerings, which contributes to its 4-star rating for research and a commendable ranking of 16th out of 63 brokers by ForexBrokers.com. It provides essential tools for traders, such as daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Additionally, Swissquote supports traders with technical and fundamental analysis tools from Autochartist, enhancing trading capabilities. Meanwhile, IUX falls short in these areas, lacking access to high-caliber forex news and tools from Autochartist, resulting in a 3-star research rating and a lower ranking of 59th.
Both Swissquote and IUX offer economic calendars to keep traders informed of global news events, although neither provides sentiment-based trading tools or resources from Trading Central or Acuity Trading. While Swissquote shines in delivering daily insights and third-party analysis, IUX's offerings are more limited, which may affect traders seeking in-depth market data. These factors highlight Swissquote's superiority in research capabilities, catering more effectively to the needs of informed traders.
| Feature |
Swissquote
|
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 | 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 beginners, Swissquote stands out compared to IUX. Swissquote provides a variety of educational materials designed to help new traders learn about forex and CFDs. With a library of over 10 educational pieces, including articles and videos, beginners have plenty of resources at their disposal. Furthermore, Swissquote hosts monthly online webinars and makes recordings of these sessions available for future reference in a searchable archive. This wide range of learning tools is complemented by beginner-friendly videos and an extensive investor dictionary, making Swissquote a more comprehensive choice for those starting their trading journey.
While IUX does offer beginner educational videos, new traders may find their options limited compared to Swissquote. IUX does not provide sufficient educational pieces focused on forex or CFDs and lacks monthly webinars or an archive of past sessions. Additionally, advanced traders might find fewer materials with IUX, as their advanced video library does not match Swissquote's offerings. The firm's absence of an investor dictionary further highlights the differences in accessibility to financial terminology. Overall, Swissquote receives a higher rating at 4 stars in the Education category compared to IUX's 3 stars, reflecting their richer set of resources for educating newcomers.
| Feature |
Swissquote
|
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 Swissquote is better than IUX. Swissquote finished with an overall rank of #11, while IUX finished with an overall rank of #63.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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While both Swissquote and IUX offer the ability to buy cryptocurrency derivatives, Swissquote provides the added advantage of purchasing actual delivered cryptocurrency, which is not available with IUX.
Swissquote outshines IUX in flexibility for depositing and withdrawing funds, offering a wide array of options such as ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while IUX offers fewer options, lacking ACH, SEPA, and PayPal support but still providing Skrill, Visa or Mastercard, and bank wire 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 | Swissquote | IUX | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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| Regulation | Swissquote | IUX | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1996 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 0 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | 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 | Swissquote | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 152 | |
| Forex Pairs (Total) | 80 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | 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 | Swissquote | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | IUX | |
|---|---|---|---|
| Minimum Deposit | $1000 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 46 | |
| Charting - Indicators / Studies (Total) | 86 | 106 | |
| Charting - Drawing Tools (Total) | 75 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Swissquote | 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | IUX | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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