Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets vs IUX: FP Markets (founded 2005) and IUX (founded 2016) are online brokers that are not publicly traded and are not banks. Based on ForexBrokers.com ratings, FP Markets holds a Trust Score of 90/99 (highly trusted), while IUX scores 76/99 (average risk).
Regulation: FP Markets holds two Tier-1 licenses (highly trusted) and one Tier-2 license (trusted). IUX holds one Tier-1 and one Tier-2 license. In simple terms, FP Markets has a stronger regulatory footprint than IUX, which aligns with the difference in their Trust Scores.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets and IUX both earn 4.5 out of 5 stars for commissions and fees, but FP Markets has the stronger edge on value overall, ranking #11 out of 36 brokers versus IUX at #19 out of 36. FP Markets is especially appealing on its commission-based Raw ECN account, which offers very low spreads and a $6 round-turn commission per standard lot on forex. Its Standard account is less competitive because the spreads are wider, and its Iress platform accounts can add extra platform and data costs unless you qualify for higher-tier pricing or trade enough each month to offset them.
IUX also offers a mix of spread-only and commission-based accounts, giving traders some flexibility depending on how they trade. Its Standard and Standard+ accounts require just a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 deposit. The Raw account charges a $6 commission per 100,000 units, while the Pro account is spread-only and can be a good middle ground for traders who want lower spreads without paying commission.
Overall, FP Markets is the better pick for traders focused on getting the lowest possible trading costs, especially on its Raw ECN setup. IUX still offers competitive pricing for a smaller broker and may suit traders looking for lower entry requirements on standard accounts, but it does not match FP Markets in overall pricing strength. In short: both are solid, but FP Markets is the better-known low-cost option.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.86 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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FP Markets offers a wider range of investments than IUX, making it the stronger choice for traders who want more market variety. FP Markets provides access to 10,000 tradable symbols and 71 forex pairs, while IUX lists 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. FP Markets also includes copy trading, which IUX does not.
When it comes to shares, neither broker offers exchange-traded securities on U.S. exchanges, but IUX does provide access to international exchange-traded securities, while FP Markets does not. This wider mix helps FP Markets earn a 4.5-star rating for Range of Investments and a #17 ranking out of 36 brokers, compared with IUX’s 3.5-star rating and #36 ranking. In simple terms, FP Markets gives most traders more choice across forex, CFDs, and other instruments, while IUX has a more limited selection with one extra stock market option overseas.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 152 |
| Forex Pairs (Total) | 71 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | 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). |
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FP Markets and IUX both give traders a solid mix of platform choices, including a free demo account, a desktop download, a browser-based platform, a proprietary platform, and MetaTrader 5. Both also let users trade directly from charts, which can make order entry quicker and easier. In this area, the two brokers look closely matched on the basics, but FP Markets adds MetaTrader 4 support, which may appeal to traders who prefer that familiar platform.
Where FP Markets pulls ahead is with copy trading, a feature IUX does not offer. That extra option, along with MT4 access, helps explain why FP Markets earns a higher Trading Platforms and Tools score of 4 stars and ranks #22 out of 36 brokers, compared with IUX at 3.5 stars and #36. For traders who want more platform variety and social trading features, FP Markets has the edge.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and IUX both offer mobile trading apps for iPhone and Android, so either broker gives traders the flexibility to trade on the go. FP Markets has an edge in a few key areas, including stock and forex price alerts and the ability to draw trendlines on charts in its app. It also earns a higher Mobile Trading Apps rating, with 4 out of 5 stars, and ranks #20 out of 36 brokers with ForexBrokers.com. IUX, by comparison, does not offer price alerts or trendline drawing in its app.
When it comes to charting, IUX offers 106 technical studies in its mobile app, while FP Markets uses the standard MetaTrader charting setup. Both brokers allow drawings to auto-save, but neither offers watchlist syncing between the mobile app and online account. Overall, FP Markets comes out ahead for mobile trading features and user rating, while IUX offers a lower-ranked app with fewer practical tools for active traders.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
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FP Markets is the stronger choice for market research compared with IUX. It provides daily market commentary, forex news from top sources like Bloomberg and Reuters, and a range of research tools, including Autochartist, Trading Central, and a sentiment tool that helps traders see whether more users are buying or selling. FP Markets also includes an economic calendar, giving traders a simple way to track key global events. In comparison, IUX offers only an economic calendar and does not provide daily commentary, top-tier news, or the same set of third-party research tools.
This difference is reflected in their research ratings and rankings. FP Markets is rated 4 out of 5 stars for research and is ranked #22 out of 36 brokers by ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranked #36 out of 36. For traders who want more market insight and more tools to help with decisions, FP Markets has the clear edge.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn forex or CFD trading, FP Markets gives a wider range of educational support than IUX. FP Markets offers forex and CFD education with at least 10 learning pieces, plus monthly online client webinars, 10+ beginner videos, and 10+ advanced videos for more experienced traders. IUX also offers forex and CFD education and has 10+ beginner videos, but it does not provide monthly webinars and does not have 10+ advanced videos.
That difference shows in the overall education scores as well: FP Markets is rated 4 out of 5 stars for Education and ranks #22 out of 36 brokers on ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranks #36. For someone who wants more ways to learn as they move from beginner to advanced trading, FP Markets appears to be the stronger choice.
| Feature |
FP Markets
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than IUX. FP Markets finished with an overall rank of #19, while IUX finished with an overall rank of #36.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 76 |
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FP Markets and IUX do not support buying actual (delivered) cryptocurrency, but both online brokers offer cryptocurrency CFD trading.
When comparing online brokers FP Markets vs IUX for funding and withdrawals: neither supports ACH or SEPA; FP Markets supports PayPal while IUX does not; both support Skrill and bank wires; Visa/Mastercard availability is not specified for either broker.
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 | FP Markets | IUX | |
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| Trust Score | 90 | 76 | |
| Winner | check_circle | ||
| Review | FP Markets Review | IUX Review |
| Broker Screenshots | FP Markets | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | FP Markets | IUX | |
|---|---|---|---|
| Trust Score | 90 | 76 | |
| Year Founded | 2005 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | 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) | FP Markets | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | FP Markets | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 152 | |
| Forex Pairs (Total) | 71 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | 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 | FP Markets | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.86 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FP Markets | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | FP Markets | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | IUX Review |
| Overall | FP Markets | IUX | |
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| Trust Score | 90 | 76 | |
| Winner | check_circle | ||
| Review | FP Markets Review | IUX Review |
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