FP Markets vs IUX
Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.
4.5
4.8
13 pts
Head to head
Winners by category
Full comparison table
Rating
FP Markets
4.5
IUX
4.8
Model score
FP Markets
80
IUX
93
Regulation
FP Markets
Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).
IUX
IUX operates through several global entities to service its international client base. It holds licenses from the FSC in Mauritius (Investment Dealer license), the FSA in St. Vincent and the Grenadines, and the ASIC in Australia (IUX Markets AU Pty. Ltd., tailored for specific wholesale/institutional client operations rather than broad retail).
Spreads
FP Markets
True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.
IUX
UX boasts institutional-grade pricing. The Standard Account features minimum spreads starting from 0.2 pips, the Pro Account from 0.1 pips, and the Raw Account offers interbank spreads starting at 0.0 pips. The broker utilizes low-latency fiber-optic connections to deliver ~30 ms execution times.
Fees
FP Markets
Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.
IUX
Pricing is highly competitive and depends on the account. The Standard and Pro accounts are commission-free (costs are baked into the spread). The Raw account charges a $7 commission per lot round-turn, which is an industry standard for raw ECN pricing. The broker does not charge deposit or internal withdrawal fees.
Platforms
FP Markets
Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.
IUX
The broker is highly streamlined. Traders can use the proprietary IUX WebTerminal, the IUX Trade App (highly rated on iOS and Android), or the industry-leading MetaTrader 5 (MT5) suite.
Account types
FP Markets
Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.
IUX
IUX offers three main tiers: Standard: Best for general traders ($50 min. deposit, spreads from 0.2, zero commission). Raw: Best for scalpers and EAs ($200 min. deposit, spreads from 0.0, $7/lot commission). Pro: Best for high-volume, long-term traders ($200 min. deposit, ultra-low spreads from 0.1, zero commission).
Min deposit
FP Markets
$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.
IUX
$50 for the entry-level Standard account, and $200 for the Raw and Pro accounts.
| Topic | FP Markets | IUX |
|---|---|---|
| Rating | 4.5 | 4.8 |
| Model score | 80 | 93 |
| Regulation | Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa). | IUX operates through several global entities to service its international client base. It holds licenses from the FSC in Mauritius (Investment Dealer license), the FSA in St. Vincent and the Grenadines, and the ASIC in Australia (IUX Markets AU Pty. Ltd., tailored for specific wholesale/institutional client operations rather than broad retail). |
| Spreads | True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity. | UX boasts institutional-grade pricing. The Standard Account features minimum spreads starting from 0.2 pips, the Pro Account from 0.1 pips, and the Raw Account offers interbank spreads starting at 0.0 pips. The broker utilizes low-latency fiber-optic connections to deliver ~30 ms execution times. |
| Fees | Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods. | Pricing is highly competitive and depends on the account. The Standard and Pro accounts are commission-free (costs are baked into the spread). The Raw account charges a $7 commission per lot round-turn, which is an industry standard for raw ECN pricing. The broker does not charge deposit or internal withdrawal fees. |
| Platforms | Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app. | The broker is highly streamlined. Traders can use the proprietary IUX WebTerminal, the IUX Trade App (highly rated on iOS and Android), or the industry-leading MetaTrader 5 (MT5) suite. |
| Account types | Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request. | IUX offers three main tiers: Standard: Best for general traders ($50 min. deposit, spreads from 0.2, zero commission). Raw: Best for scalpers and EAs ($200 min. deposit, spreads from 0.0, $7/lot commission). Pro: Best for high-volume, long-term traders ($200 min. deposit, ultra-low spreads from 0.1, zero commission). |
| Min deposit | $100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts. | $50 for the entry-level Standard account, and $200 for the Raw and Pro accounts. |