IC Markets vs IUX

Quick Answer

Best for	Winner	Why
Starting small	IC Markets	No minimum at its global company against $30
Top-tier licences in the group	IC Markets	ASIC and CySEC; IUX is offshore only
Copy trading	IC Markets	IUX: None of its own (third-party Myfxbook AutoTrade)
cTrader	IC Markets	IUX doesn’t offer it
MetaTrader 4	IC Markets	IUX is MT5 only

A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.

Comparison Table

	IC Markets	IUX
Operating since	ASIC licence since 2009	2016
Company for international clients	Raw Trading Ltd, licensed by the FSA in Seychelles (SD018)	IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605)
Regulators in the group	ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya	FSC Mauritius; SVG registration
Minimum deposit	None at the global company; $200 at the Australian company	$30 (Standard); $200 (Raw and Pro)
Commission-free spreads	Standard from 0.8 pips	Standard from 0.2 pips; Pro from 0.1 pips
Raw-spread account	Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 per side	Raw from 0.0 pips plus $7 per lot
Maximum leverage	1:5000 on forex at the global company (tiered by position size); 1:30 in Australia and the EU	1:3000 (cut to 1:400 around high-impact news)
Platforms	MT4, MT5, cTrader, TradingView	MT5, IUX Trade App, IUX WebTerminal
Copy trading	IC Social, cTrader Copy, ZuluTrade and Signal Start	None of its own (third-party Myfxbook AutoTrade)
Inactivity fee	Not listed	None
Withdrawal fee	None from IC Markets	None from IUX
Swap-free	Swap-free accounts with a flat holding fee	Swap-free by default for day trading; can change for multi-day holds
Bonus	100% first-deposit bonus up to $1,000, then 50% (global company)	LotBack loyalty points

Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.

Regulation and Safety

IC Markets’ group holds ASIC and CySEC licences plus offshore licences in Seychelles, the Bahamas and Kenya. International clients are served by its Seychelles company, where IC says client money is insured up to US$1,000,000. CySEC fined its EU company €250,000 in 2024, which the company has taken to judicial review.

IUX Markets (MU) Ltd holds an Investment Dealer licence from the FSC in Mauritius and operates iux.com. A related Australian company holds an ASIC licence but does not serve clients through the site. IUX is a member of The Financial Commission and resets negative balances to zero.

On paper IC Markets has the stronger regulatory footprint, but that only helps if your account sits with one of its strictly regulated companies. Check which company your country places you with before you deposit.

Trading Costs

On commission-free accounts, IC Markets lists: Standard from 0.8 pips. IUX lists: Standard from 0.2 pips; Pro from 0.1 pips. “From” figures are minimums, so expect wider live spreads, especially around news.

Both offer a raw-spread account. IC Markets: Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 per side. IUX: Raw from 0.0 pips plus $7 per lot. For frequent traders, a raw account usually costs less per trade than a spread-only one.

IC Markets lists no inactivity fee. IUX lists no inactivity fee. Withdrawal fees: IC Markets: none from IC Markets; IUX: none from IUX.

Platforms and Copy Trading

IC Markets offers MT4, MT5, cTrader and TradingView. IUX offers MT5, IUX Trade App and IUX WebTerminal.

IC Markets’s copy trading: IC Social, cTrader Copy, ZuluTrade and Signal Start. IUX has no copy trading service of its own (none of its own (third-party Myfxbook AutoTrade)). Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.

Leverage

IC Markets’s maximum leverage: 1:5000 on forex at the global company (tiered by position size); 1:30 in Australia and the EU. IUX’s: 1:3000 (cut to 1:400 around high-impact news).

A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.

Which One Should You Choose?

Go with IC Markets if:

• You trade often and want raw spreads
• You want cTrader or TradingView
• You want a group with ASIC and CySEC licences

Go with IUX if:

• You want a low-cost MT5 account from $30
• You want no deposit or withdrawal fees
• You live in one of the countries IUX serves

Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.

FAQ

Which has the lower minimum deposit, IC Markets or IUX? IC Markets. IC Markets: none at the global company; $200 at the Australian company. IUX: $30 (Standard); $200 (Raw and Pro).

How are IC Markets and IUX regulated? IC Markets’s international clients deal with Raw Trading Ltd, licensed by the FSA in Seychelles (SD018). IUX’s deal with IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605). Group regulators: IC Markets: ASIC, CySEC, FSA Seychelles, SCB Bahamas, CMA Kenya; IUX: FSC Mauritius; SVG registration.

Which is cheaper to trade with? It depends on the account. Commission-free: IC Markets: Standard from 0.8 pips; IUX: Standard from 0.2 pips; Pro from 0.1 pips. Raw accounts: IC Markets: Raw Spread from 0.0 pips (EUR/USD average 0.1) plus $3.50 per side; IUX: Raw from 0.0 pips plus $7 per lot.

Does either charge an inactivity fee? IC Markets: not listed. IUX: none.

Do both offer copy trading? IC Markets: IC Social, cTrader Copy, ZuluTrade and Signal Start. IUX: none of its own (third-party Myfxbook AutoTrade).

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