Written by ForexBrokers.com
In this head to head comparison of IUX vs Xtrade, 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 IUX and Xtrade, both serve as alternatives for online trading but come with different trust ratings on ForexBrokers.com. IUX, founded in 2016, boasts a score of 78 out of 99, categorizing it as an average risk option. Meanwhile, Xtrade, established in 2003, holds a slightly lower score of 74, also placing it in the average risk category. Neither of these brokers is a publicly traded company or operates as a bank.
In terms of regulatory standing, both IUX and Xtrade hold one Tier-1 license each, which is considered highly trusted, along with one Tier-2 license each, classified as trusted according to ForexBrokers.com. While their trust scores are close, IUX has a slight edge over Xtrade, potentially making it a more appealing choice for those seeking a balance between trust and regulatory oversight in the online trading realm.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Year Founded | 2016 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers IUX and Xtrade, IUX offers various account types tailored to different levels of trader activity. For those opting for Standard accounts, both Standard and Standard+ accounts require a low minimum deposit of $10. The Standard+ account provides deposit bonus promotions but has wider spreads, while the Standard account offers tighter spreads at the cost of foregoing potential bonuses. For more active traders, IUX presents the Raw and Pro accounts, with a $500 minimum deposit required for each. The Raw account has the lowest spreads but includes a commission of $6 per 100,000 units (1 standard lot), whereas the Pro account is solely spread-based, featuring even lower spreads without any additional commission.
Despite having no specific date ranges for its average spreads, IUX offers competitive rates. For the EUR/USD pair, the Pro account has an average spread of 0.7 pips, the Standard account averages 0.9 pips, and the Raw account reaches an equivalent of 0.6 pips after considering the pip value of the commission. Although IUX's pricing is generally competitive for a smaller broker, it does not lead the market in cost efficiency, yet its Pro account is quite competitive. Traders need to assess the balance of spreads, commissions, and deposit requirements to find the best account suitable for their trading strategy.
In contrast, Xtrade lacks available data on average spreads, making it harder to evaluate in terms of pricing. When rated for commissions and fees, IUX receives a 4-star rating, standing at 48th place out of 63 brokers as ranked by ForexBrokers.com. Meanwhile, Xtrade receives a lower rating of 2.5 stars and ranks at the bottom, at 63rd position. This stark difference highlights IUX's more competitive fee structure compared to Xtrade, emphasizing the importance of understanding fee differences when selecting an online broker.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Minimum Deposit | 10 | $250 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| 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.
When comparing the range of investments available through IUX and Xtrade, both platforms provide options for forex trading as CFDs or spot contracts. However, Xtrade stands out with a broader selection of 482 tradeable symbols, including 56 forex pairs, compared to IUX's offering of 152 symbols and 34 forex pairs. Neither broker provides direct access to exchange-traded securities on U.S. exchanges, such as Apple shares, but IUX sets itself apart by offering international exchange-traded securities, an option not available through Xtrade.
Both IUX and Xtrade allow trading of cryptocurrency derivatives but do not support the purchase of actual delivered cryptocurrencies. It's also important to note that neither platform offers copy trading. Both brokers share a similar rating of 3.5 stars for their range of investments despite their differences. However, when ranked by ForexBrokers.com, Xtrade holds the 49th position, outperforming IUX, which is positioned at 60th among 63 brokers in this category.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 152 | 482 |
| Forex Pairs (Total) | 34 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
Both IUX and Xtrade offer essential tools for traders, boasting proprietary platforms developed in-house. IUX offers versatility with its Windows-based desktop download platform and web-based trading options, while Xtrade provides solely web-based access. Both brokers offer free virtual demo accounts to help users familiarize themselves with the trading environment without risking real capital. However, IUX stands out by offering MetaTrader 5, which is not available with Xtrade. Neither broker supports copy trading, DupliTrade, or ZuluTrade, and both lack MetaTrader 4 support.
When it comes to charting and market analysis, Xtrade provides a slightly richer set of drawing tools, offering 100 compared to IUX's 89. Both brokers allow trading directly from stock charts, giving traders a seamless experience. For those who rely on watch lists to track market developments, IUX provides more customization options with 46 fields in their watch lists, contrasting with Xtrade’s modest 9. In terms of ratings, both have received a 3.5-star rating for their trading platforms and tools and are closely ranked, with Xtrade slightly ahead in 58th place compared to IUX’s 59th spot out of 63 brokers evaluated by ForexBrokers.com.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 106 | N/A |
| Charting - Drawing Tools (Total) | 89 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 46 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IUX and Xtrade provide mobile trading apps for iPhone and Android users, making them accessible across major platforms. However, they differ in several features that may influence your trading experience. IUX impresses with its extensive charting capabilities, offering 106 technical studies and allowing users to view charts across multiple time frames such as daily, weekly, or intraday. Although IUX's app automatically saves drawings, it lacks the convenience of syncing watchlists between mobile and online accounts and does not support drawing trendlines. Despite these limitations, IUX users can still create watchlists featuring real-time quotes, offering vital market insights on the go.
On the other hand, Xtrade, although it does not offer technical studies or the ability to modify viewing time frames on charts, has earned a slightly higher user rating of four stars out of five compared to IUX's 3.5 stars. Its mobile app does not automatically save chart drawings or offer real-time quote watchlists, but it seems to have resonated better with its users overall. When it comes to rankings, Xtrade holds the 53rd position out of 63 brokers for mobile trading apps on ForexBrokers.com, ahead of IUX, which is ranked 60th. This suggests that while Xtrade may lack some technical features, it still delivers a satisfactory user experience for many traders.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 106 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Xtrade stands out by providing daily market commentary and forex news sourced from leading providers like Bloomberg and Reuters. In contrast, IUX falls short in these areas, lacking daily insights and top-tier forex news. However, both IUX and Xtrade do align in some respects, as neither offers technical analysis tools from well-known companies like Autochartist or Trading Central, nor do they provide sentiment-based trading tools or TipRanks market research. Additionally, neither offers research tools from Acuity Trading.
While both brokers offer economic calendars to track global news events, the level of research support differs. Xtrade earns a slightly higher rating of 3.5 stars compared to IUX's 3 stars for its research capabilities. In the broader market landscape, Xtrade holds a better position, ranking 52nd out of 63 brokers in the Research category according to ForexBrokers.com. IUX, on the other hand, is ranked at #59. This comparison highlights the sharper edge Xtrade has over IUX in providing market research resources for traders.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | 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, Xtrade provides a suite of options for learning about forex and CFDs, offering more than 10 educational pieces including articles, videos, and webinars. IUX, on the other hand, doesn't meet this mark, showing a gap in their educational offerings in these areas. Both platforms do not provide online webinars on a monthly basis, nor do they have a searchable archive of previously recorded webinars, which limits the resources available to those who prefer learning through live or recorded sessions.
For beginners specifically, IUX shines with more than 10 beginner-focused educational videos, a feature not available from Xtrade. However, IUX lacks an investor dictionary, which Xtrade offers with definitions of over 50 investing terms, providing a helpful tool for new investors looking to get familiar with the jargon. Despite these differences, both IUX and Xtrade have room for improvement. IUX earns a 3-star rating for education, slightly trailing behind Xtrade's 3.5-star rating. In terms of overall ranking by ForexBrokers.com, IUX sits at #59 out of 63 brokers, while Xtrade positions itself somewhat better at #46, indicating a stronger focus on educational services.
| Feature |
IUX
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IUX is better than Xtrade. IUX finished with an overall rank of #55, while Xtrade finished with an overall rank of #60.
IUX offers a basic trading experience built around MT5 and a proprietary mobile app, featuring low minimum deposits, multiple account types, and a modest range of tradeable markets.
| Feature |
IUX
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 74 |
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Both IUX and Xtrade provide the ability to buy cryptocurrency derivatives, but neither offers the purchase of actual delivered cryptocurrency.
IUX and Xtrade both provide Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, but neither offers ACH, SEPA, or PayPal as options for fund 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 | IUX | Xtrade | |
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| Trust Score | 78 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | IUX | Xtrade | |
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| Regulation | IUX | Xtrade | |
|---|---|---|---|
| Trust Score | 78 | 74 | |
| Year Founded | 2016 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IUX | Xtrade | |
|---|---|---|---|
| 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | IUX | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IUX | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 152 | 482 | |
| Forex Pairs (Total) | 34 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | IUX | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IUX | Xtrade | |
|---|---|---|---|
| Minimum Deposit | 10 | $250 | |
| 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 | IUX | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IUX | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 46 | 9 | |
| Charting - Indicators / Studies (Total) | 106 | N/A | |
| Charting - Drawing Tools (Total) | 89 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | No |
| Mobile Trading | IUX | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 106 | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | No |
| Research | IUX | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IUX | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | IUX | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | IUX | Xtrade | |
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| Trust Score | 78 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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