Written by ForexBrokers.com
In this head to head comparison of TopFX 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.
TopFX and IUX are both online brokers that are not publicly traded or recognized as banks. TopFX, founded in 2010, holds one Tier-1 license, which is highly trusted, but lacks Tier-2 licenses. In comparison, IUX, which started in 2016, does not hold any Tier-1 licenses but has one Tier-2 license. This licensing information plays a crucial role in determining their trust scores.
According to ForexBrokers.com, TopFX has a Trust Score of 67, categorizing it as high risk, while IUX scores slightly better at 69, also falling into the high risk category. These scores reflect their regulatory standing and provide a quick glance at their perceived reliability. As both brokers are unlisted on stock exchanges and are not banking institutions, potential investors need to consider these factors alongside their trading requirements.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Year Founded | 2010 | 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 | 1 | 1 |
TopFX provides traders with two distinct account types accessible on MetaTrader and cTrader: the spread-only ZERO account and the commission-based RAW account. The RAW account incurs a commission of 2.75 EUR per side per standard lot, translating to 5.50 EUR for a round-turn. With average spreads of 0.33 pips for the EUR/USD pair in July 2024, combined with the commission equivalent of 0.55 pips, the total cost aligns with the industry standard at roughly 0.88 pips. By contrast, the ZERO account is commission-free but has higher spreads averaging 1.03 pips for the same currency pair. TopFX ranks 40th out of 63 brokers on ForexBrokers.com for Commissions and Fees, holding a four-star rating.
In comparison, IUX includes a variety of account options with pricing that depends on the account type. The Standard and Standard+ accounts both start with a $10 minimum deposit, diverging in that the Standard+ offers deposit bonus promotions in exchange for wider spreads. For active traders, the Raw and Pro accounts require a $500 deposit with the Raw account charging a $6 commission per 100,000 units (or standard lot). The Pro account, while commission-free, promises lower spreads than the Standard offerings. Average spread figures for the EUR/USD pair are 0.7 pips on the Pro account, 0.9 pips on the Standard account, and approximately 0.6 pips after commission for the Raw account. Although IUX's pricing is competitive, it falls short of the industry's lowest-cost options but is still commendable, close to standing out with its Pro account. The broker is rated similarly to TopFX with four stars for commissions and fees, but ranks 49th out of 63 brokers in this category.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Minimum Deposit | Depends on payment method | 10 |
| Average Spread EUR/USD - Standard | 1.03 | 0.9 |
| All-in Cost EUR/USD - Active | 0.88 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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 investment range of TopFX and IUX, both online brokers offer forex trading through CFDs or spot contracts. However, TopFX provides a wider selection with 655 tradeable symbols and 60 forex pairs, in contrast to IUX, which offers 152 tradeable symbols and 34 forex pairs. Neither broker facilitates the direct purchase of U.S. exchange-listed securities, such as Apple shares. While TopFX doesn't provide access to international exchange-listed securities either, IUX does allow trading in companies like Vodafone on the London Stock Exchange. This difference may make IUX more appealing for those interested in global equities.
Both brokers enable access to cryptocurrency derivatives but do not offer actual cryptocurrency purchases. Notably, TopFX provides copy trading services, which may attract traders interested in mirroring successful trading strategies, a feature not available with IUX. Despite their differences, both TopFX and IUX receive the same rating of 3.5 stars for their range of investments. Yet, in rankings by ForexBrokers.com, TopFX is placed higher at #46, compared to IUX's #60, indicating a slightly more favorable view of TopFX's investment offerings.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 655 | 152 |
| Forex Pairs (Total) | 60 | 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 TopFX and IUX, both brokers offer simulated trading via free virtual demo accounts, providing an essential feature for beginners looking to practice their trading skills without risk. TopFX does not have a platform developed in-house, but it supports a Windows-based desktop download platform, similar to IUX. Both brokers also facilitate trading through web-based platforms, ensuring traders can access the markets from anywhere with an internet connection. A significant difference, however, is TopFX's support for MetaTrader 4 (MT4), a popular trading platform not available with IUX, which instead offers MetaTrader 5 (MT5), catering to traders looking for more advanced features.
TopFX seems to have a small lead in some areas, such as copy trading, a feature it offers while IUX does not. Although both platforms allow trading directly from stock charts, IUX stands out with a greater number of drawing tools and significantly more options for customizing watch lists. This detail-oriented approach suits traders who prefer comprehensive market analysis. Despite these offerings, TopFX is rated slightly higher with 4 stars compared to IUX's 3.5 stars in trading platforms and tools. Additionally, TopFX ranks higher than IUX in the ForexBrokers.com list, landing at #45 out of 63 brokers, while IUX is placed at #59. These rankings highlight TopFX's slightly better overall appeal regarding trading software and analytical tools.
| Feature |
TopFX
|
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 TopFX and IUX, both platforms provide apps for iPhone and Android users. However, they differ in several key features. TopFX stands out by offering stock and forex price alerts, a feature absent in the IUX app. While neither app syncs watchlist symbols between the mobile app and the client's online account, they both allow users to create watchlists with real-time quotes. In terms of charting capabilities, TopFX offers 30 technical studies and lets users draw trendlines, a function not available in IUX, which provides 106 technical studies but lacks trendline drawing. Both apps support multiple time frames and automatically save drawings on charts.
The user ratings and rankings of these apps also paint an interesting picture. TopFX secures a mobile app rating of 4 out of 5 stars, whereas IUX follows closely with a 3.5-star rating. In a competitive field of 63 brokers assessed by ForexBrokers.com, TopFX is positioned at #51, while IUX is ranked at #60. If stock and forex alerts or charting capabilities like trendline drawing are important to you, TopFX may offer a slight edge, while IUX provides a broader range of technical studies for chart analysts. Both apps cater well to everyday trading needs, offering essential features that enhance the mobile trading experience.
| Feature |
TopFX
|
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 comparing the online brokers TopFX and IUX in terms of market research offerings, several key differences stand out. TopFX provides forex news from top-tier sources such as Bloomberg and Reuters, which can be invaluable for traders needing high-quality information; IUX does not offer similar services. Moreover, TopFX enhances its research tools lineup by offering technical analysis support through partnerships with Autochartist and Trading Central, while IUX lacks these features. In terms of innovative research tools, TopFX includes a sentiment-based trading tool that visualizes the ratio of long and short positions across various currency pairs, an offering absent in IUX's suite.
Despite these differences, both TopFX and IUX lack daily market commentary and market research services from TipRanks and Acuity Trading. However, both platforms do offer an economic calendar to help traders track global news events. Notably, both brokers share a three-star rating for research, though IUX slightly edges out in the rankings, placing 59th compared to TopFX's 60th as evaluated by ForexBrokers.com. This suggests that while TopFX may have more in-depth tools and partnerships, IUX maintains a marginally better overall research position among other brokers.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 comparing the educational resources available for beginners, both TopFX and IUX fall short in certain areas. Neither broker provides a comprehensive suite of educational content such as articles, videos, or archived webinars focused primarily on forex or CFDs. Additionally, they both lack regular online webinars and a library of past webinar recordings, limiting the variety of learning modes for new traders. However, a point of difference is that IUX offers at least 10 beginner-friendly educational videos that cover trading topics specifically designed for newcomers, which is not the case with TopFX.
While both brokers receive a three-star rating for their educational offerings, IUX slightly edges out TopFX in the rankings, coming in at #59 compared to TopFX's #61 out of 63 brokers reviewed. Neither platform, however, offers an investor dictionary for those looking to expand their financial vocabulary or advanced educational videos for more seasoned traders. Essentially, when it comes to supporting new traders on their educational journey, IUX has a slight advantage thanks to its beginner-focused video content, but overall, both platforms have room for improvement.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that TopFX is better than IUX. TopFX finished with an overall rank of #61, while IUX finished with an overall rank of #63.
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.
| Feature |
TopFX
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 67 | 69 |
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Both TopFX and IUX do not provide the option to purchase actual delivered cryptocurrency, but they each offer the ability to buy cryptocurrency derivatives.
While both TopFX and IUX support account funding through bank wires, Visa, Mastercard, and Skrill, only TopFX offers PayPal as an additional deposit and withdrawal option, whereas neither platform supports ACH or SEPA 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 | TopFX | IUX | |
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| Trust Score | 67 | 69 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | TopFX | IUX | |
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| Regulation | TopFX | IUX | |
|---|---|---|---|
| Trust Score | 67 | 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 | 1 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | TopFX | 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) | No | 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) | TopFX | 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 | TopFX | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 655 | 152 | |
| Forex Pairs (Total) | 60 | 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 | TopFX | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.03 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.88 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TopFX | IUX | |
|---|---|---|---|
| Minimum Deposit | Depends on payment method | 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 | No | No |
| Trading Platforms | TopFX | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TopFX | 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 | TopFX | 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 | TopFX | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TopFX | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | TopFX | 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 | TopFX Review |
| Overall | TopFX | IUX | |
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| Trust Score | 67 | 69 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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