Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Founded in 1999, Fineco is a well-established online broker that is publicly traded and operates as a bank, offering an added layer of reliability. It holds two highly trusted Tier-1 licenses, further bolstering its reputation for security and compliance. With a ForexBrokers.com Trust Score of 94 out of 99, Fineco is considered highly trusted, providing clients with confidence in their trading activities.
On the other hand, IUX has been in operation since 2016 and is not publicly traded nor a bank, which may appeal differently to potential investors. It holds one Tier-1 license and one Tier-2 license, designating it as having an average risk according to its ForexBrokers.com Trust Score of 78 out of 99. While IUX still provides credible services, investors might consider the relative advantages and risk levels when choosing between these two brokers.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Year Founded | 1999 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing the commissions and fees of online brokers Fineco and IUX reveals different pricing strategies and costs for various trading styles. Fineco does not publish average spread data for forex and CFD trading, making it difficult to evaluate its actual trading fees fully. The broker lists a 1 pip spread for the EUR/USD pair, which is higher than many competitors. Though they also offer a spread of 0.8 pips, there's no indication that these figures represent average values. It appears that Fineco may provide lower spreads on its index CFDs, but without more detailed information, assessing the full extent of its cost competitiveness is challenging. Fineco receives a rating of 3.5 stars for its commissions and fees and is ranked #51 out of 63 brokers by ForexBrokers.com.
IUX offers a tiered pricing structure based on the account type you select. With options ranging from spread-only to commission-based accounts, traders can choose based on their activity level and deposit capabilities. The Standard account requires a $10 deposit and offers lower spreads without promotional bonuses, while the Standard+ account offers bonus promotions but at the cost of wider spreads. IUX's Raw account, aimed at active traders, features the lowest spreads by charging a $6 commission per 100,000 units, but offers an average spread of around 0.6 pips when the commission is considered. The Pro account, only spread-based, presents an average spread of 0.7 pips for EUR/USD and stands out as a competitive option without additional commissions. IUX secures a rating of 4 stars and ranks #48 in the commissions and fees category according to ForexBrokers.com.
Ultimately, Fineco's lack of transparent data on average spreads could be a drawback for those seeking clear-cut cost assessments. On the flip side, IUX offers a broader range of account options catering to both new and seasoned traders, with their Pro account being a noteworthy option for its relatively low spreads. When deciding between these brokers, factoring in the specific structure that suits your trading style, alongside the given star ratings and rankings, is essential.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 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 | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing the investment offerings of Fineco and IUX, Fineco stands out with a much wider array of tradeable symbols and forex pairs. Fineco offers an impressive 9,770 tradeable symbols, including 54 forex pairs, while IUX provides a more limited selection with just 152 symbols and 34 forex pairs. Additionally, Fineco offers access to exchange-traded securities on both U.S. and international exchanges, making it possible for clients to invest in major companies like Apple and Vodafone. In contrast, IUX does not provide access to U.S. exchange-traded securities but does allow for investments in international stocks like Vodafone.
For investors interested in cryptocurrency-related options, neither Fineco nor IUX offers the ability to buy actual cryptocurrencies. However, IUX provides an option to invest in cryptocurrency derivatives, which Fineco does not. Despite this, Fineco receives a higher rating for its range of investments, boasting a 4.5-star rating compared to IUX's 3.5 stars. Furthermore, Fineco ranks significantly higher in the Range of Investments category, placing 16th out of 63 brokers according to ForexBrokers.com, whereas IUX ranks 60th. Both brokers do not offer copy trading, which could be a consideration for investors interested in that feature.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 152 |
| Forex Pairs (Total) | 54 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 weighing Fineco against IUX in terms of their trading platforms and tools, potential users will note several key differences. Both brokers provide proprietary platforms, supporting both Windows desktop downloads and web-based access, allowing for flexible use across different devices. However, only IUX offers paper trading, giving users the chance to practice without financial loss, while Fineco lacks this simulation feature. Fineco does not support MetaTrader 4 or 5, whereas IUX users can access MetaTrader 5. For technical analysis enthusiasts, Fineco provides a limited array of seven charting drawing tools, in contrast to the 89 tools offered by IUX, which also supports direct trading from stock charts.
Despite some of IUX’s features, Fineco generally receives higher user ratings. Fineco scores a 4-star rating for its platforms and tools, and it ranks 18th out of 63 brokers in this category according to ForexBrokers.com. In comparison, IUX is rated 3.5 stars with a significantly lower rank of 59. Fineco’s strengths lie in its straightforward, proprietary platform offerings, though IUX caters more to technical traders with a wider variety of tools and functionalities in their watch lists, featuring 46 field offerings. Consequently, Fineco might appeal more to traders seeking reliability and a higher overall ranking, while IUX could be attractive for those prioritizing paper trading and technical depth.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 106 |
| Charting - Drawing Tools (Total) | 7 | 89 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Fineco and IUX, both brokers offer applications compatible with iPhone and Android, allowing a wide range of users to access their platforms seamlessly. Fineco provides the advantage of stock and forex price alerts, while IUX does not. However, IUX excels in charting features, offering an impressive 106 technical studies compared to Fineco's 6. Both apps let users view multiple time frames on stock or forex charts, enhancing their ability to analyze market trends.
Despite IUX having more comprehensive charting tools, Fineco's app is rated slightly higher at 4 stars, compared to IUX's 3.5 stars, likely due to offering price alerts. Fineco ranks 42 out of 63 brokers in the Mobile Trading Apps category on ForexBrokers.com, while IUX holds the 60th position. Although IUX supports real-time quote watchlists, Fineco does not offer this feature. Neither app supports watchlist symbol syncing or the ability to draw trendlines on charts, although IUX's app does auto-save drawings for users’ convenience.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 106 |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and IUX in the realm of market research, several key differences emerge that could influence your decision. While neither platform provides daily market commentary, Fineco has a distinct advantage by offering forex news from prestigious sources like Bloomberg, Reuters, and Dow Jones, which is not available with IUX. Both brokers lack technical analysis tools from companies such as Autochartist and Trading Central, as well as sentiment-based trading tools and resources from TipRanks or Acuity Trading. However, both Fineco and IUX ensure you're informed with their economic calendars that showcase global news events.
In terms of overall research quality, Fineco earns a higher rating of 4.0 stars, compared to IUX's 3 stars. This difference is further highlighted by their rankings on ForexBrokers.com, where Fineco stands at #33 out of 63 brokers, while IUX is placed at #59. These distinctions reflect Fineco’s edge in offering valuable insights through top-tier news sources and a more favorable evaluation in research capabilities, making it a preferable choice for those prioritizing research quality in their trading activities.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| 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 comparing the educational resources available for beginners from Fineco and IUX, several distinctions emerge. Fineco provides a solid foundation for novice traders with a series of beginner-specific videos and monthly online educational webinars, ensuring ongoing support and engagement. Additionally, its comprehensive investor dictionary, featuring definitions of over 50 investing terms, serves as a valuable tool for new traders navigating the trading landscape. However, for those looking for more in-depth advanced educational materials, Fineco might not fully meet their needs, as it does not offer a wide array of advanced content.
On the other hand, IUX offers an array of beginner educational videos, making it a good starting point for newcomers to the trading world. However, unlike Fineco, IUX falls short in providing interactive educational webinars or a detailed investor dictionary. As such, beginners seeking continuous learning opportunities and quick access to trading definitions might find Fineco to be the more nurturing platform. Ultimately, in terms of educational resources, Fineco outshines IUX, earning a higher education rating and ranking according to ForexBrokers.com.
| Feature |
Fineco
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Fineco is better than IUX. Fineco finished with an overall rank of #25, while IUX finished with an overall rank of #55.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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IUX
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 78 |
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While both Fineco and IUX do not allow the purchase of actual delivered cryptocurrency, only IUX offers the option to buy cryptocurrency derivatives.
Fineco and IUX differ in their deposit and withdrawal options: Fineco supports ACH or SEPA transfers and bank wires, while IUX offers Skrill, Visa or Mastercard, and bank wires, but not ACH or SEPA transfers; neither broker supports PayPal transactions.
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 | Fineco | IUX | |
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| Trust Score | 94 | 78 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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| Regulation | Fineco | IUX | |
|---|---|---|---|
| Trust Score | 94 | 78 | |
| Year Founded | 1999 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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) | 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) | Fineco | 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 | Fineco | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 152 | |
| Forex Pairs (Total) | 54 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | Fineco | 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 | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 46 | |
| Charting - Indicators / Studies (Total) | 37 | 106 | |
| Charting - Drawing Tools (Total) | 7 | 89 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Fineco | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 106 | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Fineco | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Fineco | 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 | Fineco Review |
| Overall | Fineco | IUX | |
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| Trust Score | 94 | 78 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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