Written by ForexBrokers.com
In this head to head comparison of IUX vs TopFX, 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 online brokers IUX and TopFX, their regulatory status and trustworthiness play a significant role in decision-making. Founded in 2016, IUX boasts a ForexBrokers.com Trust Score of 78, placing it in the average risk category. It holds one Tier-1 license, which is considered highly trusted, and one Tier-2 license, signaling a reputable level of credibility in the trading landscape. On the other hand, TopFX, established in 2010, has a Trust Score of 67, categorizing it as high risk. Like IUX, TopFX holds one Tier-1 license, but lacks any Tier-2 licenses, which might be a consideration for investors prioritizing regulatory oversight.
Neither IUX nor TopFX are publicly traded or function as banks, which may affect their appeal to different types of investors. While both brokers share similar foundational attributes in terms of their regulatory licenses, their differing Trust Scores and the absence of Tier-2 licenses for TopFX could be vital factors for potential clients to evaluate before making investment decisions.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Year Founded | 2016 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When considering commissions and fees, both IUX and TopFX offer account types suitable for different trading preferences, each receiving a four-star rating for their pricing structures. IUX provides options for both casual and active traders, with Standard and Standard+ accounts requiring a $10 minimum deposit, distinguished by spread levels and bonus promotions. For those who trade frequently, the Raw and Pro accounts demand a $500 minimum deposit. The Raw account features lower spreads complemented by a $6 commission per 100,000 units traded, while the Pro is spread-only with competitive pricing. IUX's average EUR/USD spreads range from 0.6 to 0.9 pips depending on the account type, though the broker ranks 48th out of 63 for commissions and fees on ForexBrokers.com.
TopFX offers straightforward choice with its ZERO and RAW accounts, available on MetaTrader and cTrader platforms. The commission-based RAW account charges 2.75 EUR per side (5.50 per round turn standard lot) with average EUR/USD spreads of 0.33 pips, bringing the all-in cost to approximately 0.88 pips. Conversely, the commission-free ZERO account averages higher spreads at 1.03 pips for the EUR/USD pair. TopFX's approach aligns with industry norms, and it holds a slightly better rank of 40th out of 63 brokers in the commissions and fees category according to ForexBrokers.com.
Both brokers provide competitive pricing with the flexibility of spread-only and commission-based structures, though TopFX's ranking suggests marginally better value while IUX's variety offers choice for cost-conscious traders. When deciding between them, consider your trading volume and preferred platform compatibility to gauge which broker’s fee structure aligns best with your needs.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Minimum Deposit | 10 | Depends on payment method |
| Average Spread EUR/USD - Standard | 0.9 | 1.03 |
| All-in Cost EUR/USD - Active | 0.6 | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing the range of investments offered by IUX and TopFX, both brokers provide forex trading through CFDs or spot contracts, allowing investors to engage in currency trading. IUX offers a total of 152 tradable symbols, including 34 forex pairs, while TopFX provides a broader selection with 655 tradeable symbols and 60 forex pairs. Neither broker allows direct purchase of U.S. exchange traded securities like Apple shares, but IUX stands out by enabling clients to invest in international exchange traded securities such as Vodafone shares, a feature that TopFX does not offer. Additionally, while both brokers allow trading in cryptocurrency derivatives, neither supports the purchase of actual cryptocurrencies.
In terms of copy trading features, TopFX offers this option, unlike IUX. However, both brokers have received the same rating of 3.5 stars for their range of investments. Despite this shared rating, their rankings reflect different standings, with IUX at #60 and TopFX at #46 out of 63 brokers in the Range of Investments category as assessed by ForexBrokers.com. Overall, TopFX provides a wider array of asset choices, yet IUX has the benefit of offering access to international stocks not available through TopFX.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 152 | 655 |
| Forex Pairs (Total) | 34 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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 offered by IUX and TopFX, both brokers provide essential features like simulated trading through free virtual demo accounts and web-based trading platforms. However, IUX stands out with its proprietary platform, offering a more unique trading experience tailored to its users. In contrast, TopFX relies on the well-established MetaTrader 4 (MT4) software, favored by many traders for its versatility, while IUX opts for MetaTrader 5 (MT5), which is known for its advanced features and support for more complex trading strategies.
In terms of additional features, TopFX supports copy trading, allowing traders to replicate strategies from more experienced investors. Meanwhile, IUX does not offer this feature but excels with an impressive 89 drawing tools for charting compared to TopFX's 15, offering traders more options for technical analysis. Both brokers enable trading directly from stock charts, enhancing convenience for users. When it comes to watch lists, IUX offers 46 columns, providing comprehensive data analysis against TopFX's 7. Despite these contrasts, TopFX earns a slightly higher rating for trading platforms and tools with 4 stars, ranking 45th out of 63 brokers, while IUX holds a 3.5-star rating, placing 59th.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Drawing Tools (Total) | 89 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 46 | 7 |
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If you're deciding between the mobile trading apps from IUX and TopFX, it's essential to consider their offerings. Both brokers provide iPhone and Android apps, ensuring compatibility with most devices. While TopFX allows users to set stock and forex price alerts, IUX does not include this feature, potentially limiting how proactive you can be in responding to market changes. Those who rely heavily on technical analysis may find IUX's 106 technical studies appealing compared to the 30 available with TopFX. However, trendline drawing is a capability found only within the TopFX app, which could be a significant factor for chartists. Fortunately, auto-saving of chart drawings is a feature both apps have managed to incorporate.
Both IUX and TopFX let users view multiple time frames and create watchlists with real-time quotes seamlessly on their mobile platforms. However, the lack of watchlist symbol syncing between mobile and online accounts is noticeable with either option. The mobile trading experience of IUX is rated at 3.5 stars and ranks 60th out of 63 brokers reviewed by ForexBrokers.com, showcasing room for improvement. On the other hand, TopFX receives a slightly better mobile app rating of 4 stars, ranking 51st, suggesting a more favorable experience for active traders seeking efficient mobile trading capabilities.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 106 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| 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 IUX and TopFX for market research features, several distinctions emerge despite their shared limitations. Both brokers lack daily market commentary and market research from TipRanks, as well as tools from Acuity Trading. However, TopFX pulls ahead by offering forex news from reputable sources like Bloomberg and Reuters, and integrates several robust research tools. TopFX enhances its service with Autochartist and Trading Central, both of which provide valuable technical and fundamental analysis tools. Additionally, TopFX offers a sentiment-based trading tool that helps gauge market trends by presenting the ratio of long and short positions across various instruments.
Both IUX and TopFX provide an economic calendar to keep traders informed of important global economic events, ensuring some level of preparedness for market fluctuations. Notably, both brokers receive a 3-star rating for their research capabilities. Despite this equal rating, ForexBrokers.com ranks IUX slightly higher at #59 compared to TopFX's #60 out of 63 brokers. This subtle difference suggests that while both brokers offer foundational research services, TopFX provides a more enriched experience with its advanced tools, making it a better choice for traders focused on in-depth market analysis.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, IUX edges ahead of TopFX with a focus on introductory trading knowledge. IUX provides more than 10 educational videos specifically tailored for beginners, offering foundational insights into trading topics. This makes it a more suitable choice for newcomers looking to grasp the basics. However, both IUX and TopFX do not focus on forex or CFDs education, as neither offers a collection of 10 or more educational materials on these topics. Additionally, neither broker hosts online educational webinars or maintains an archive of past sessions, which could limit ongoing learning opportunities.
For more advanced traders, both IUX and TopFX fall short, as neither offers a selection of video content aimed at seasoned practitioners. Perhaps more surprisingly, neither broker provides an investor dictionary with definitions of at least 50 investing terms, a potentially valuable tool for demystifying market jargon. With both brokers sharing a 3-star education rating, IUX slightly outpaces TopFX by ranking 59th among 63 brokers evaluated by ForexBrokers.com for their educational offerings, while TopFX sits at 61st place. Despite this, neither stands out as a leader in educational support for traders.
| Feature |
IUX
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| 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 | No |
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 TopFX. IUX finished with an overall rank of #55, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 67 |
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Both IUX and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
While both IUX and TopFX provide options for depositing or withdrawing account funds via Skrill, Visa, Mastercard, and bank wires, only TopFX supports PayPal, whereas neither of the brokers offer 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 | IUX | TopFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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| Regulation | IUX | TopFX | |
|---|---|---|---|
| Trust Score | 78 | 67 | |
| Year Founded | 2016 | 2010 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IUX | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IUX | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 152 | 655 | |
| Forex Pairs (Total) | 34 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IUX | TopFX | |
|---|---|---|---|
| Minimum Deposit | 10 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IUX | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 46 | 7 | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Drawing Tools (Total) | 89 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | IUX | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 106 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | IUX | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IUX | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| 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 | No |
| Major Forex Pairs | IUX | TopFX | |
|---|---|---|---|
| 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 | IUX | TopFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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