IUX vs FP Markets

Quick Answer

Best for	Winner	Why
Starting small	FP Markets	No stated minimum against $30
Raw-account commission	FP Markets	About $6 per lot round turn against $7
Top-tier licences in the group	FP Markets	ASIC and CySEC; IUX is offshore only
Copy trading	FP Markets	IUX: None of its own (third-party Myfxbook AutoTrade)
cTrader	FP Markets	IUX doesn’t offer it
MetaTrader 4	FP 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

	IUX	FP Markets
Operating since	2016	2005
Company for international clients	IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605)	FP Markets Ltd, registered in Saint Lucia (a registration, not a licence)
Regulators in the group	FSC Mauritius; SVG registration	ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration
Minimum deposit	$30 (Standard); $200 (Raw and Pro)	None stated
Commission-free spreads	Standard from 0.2 pips; Pro from 0.1 pips	Standard from 1.0 pip (EUR/USD average 1.2)
Raw-spread account	Raw from 0.0 pips plus $7 per lot	Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side
Maximum leverage	1:3000 (cut to 1:400 around high-impact news)	1:500
Platforms	MT5, IUX Trade App, IUX WebTerminal	MT4, MT5, cTrader, TradingView
Copy trading	None of its own (third-party Myfxbook AutoTrade)	Social Trading on MT4 and MT5; cTrader Copy
Inactivity fee	None	None
Withdrawal fee	None from IUX	None on bank wires from FP Markets
Swap-free	Swap-free by default for day trading; can change for multi-day holds	Islamic accounts with admin fees after a grace period
Bonus	LotBack loyalty points	None; Refer a Friend only

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

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.

FP Markets’ group is regulated by ASIC in Australia and CySEC in Cyprus, and its site also names the FSCA in South Africa and the FSA in Seychelles. Many international clients, however, are placed with FP Markets Ltd, which is registered in Saint Lucia and is not a member of an investor compensation fund.

On paper FP 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, IUX lists: Standard from 0.2 pips; Pro from 0.1 pips. FP Markets lists: Standard from 1.0 pip (EUR/USD average 1.2). “From” figures are minimums, so expect wider live spreads, especially around news.

Both offer a raw-spread account. IUX: Raw from 0.0 pips plus $7 per lot. FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side. For frequent traders, a raw account usually costs less per trade than a spread-only one.

IUX lists no inactivity fee. FP Markets lists no inactivity fee. Withdrawal fees: IUX: none from IUX; FP Markets: none on bank wires from FP Markets.

Platforms and Copy Trading

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

IUX has no copy trading service of its own (none of its own (third-party Myfxbook AutoTrade)). FP Markets’s copy trading: Social Trading on MT4 and MT5; cTrader Copy. Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.

Leverage

IUX’s maximum leverage: 1:3000 (cut to 1:400 around high-impact news). FP Markets’s: 1:500.

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 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

Go with FP Markets if:

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

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, IUX or FP Markets? FP Markets. IUX: $30 (Standard); $200 (Raw and Pro). FP Markets: none stated.

How are IUX and FP Markets regulated? IUX’s international clients deal with IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605). FP Markets’s deal with FP Markets Ltd, registered in Saint Lucia (a registration, not a licence). Group regulators: IUX: FSC Mauritius; SVG registration; FP Markets: ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration.

Which is cheaper to trade with? It depends on the account. Commission-free: IUX: Standard from 0.2 pips; Pro from 0.1 pips; FP Markets: Standard from 1.0 pip (EUR/USD average 1.2). Raw accounts: IUX: Raw from 0.0 pips plus $7 per lot; FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side.

Does either charge an inactivity fee? IUX: none. FP Markets: none.

Do both offer copy trading? IUX: none of its own (third-party Myfxbook AutoTrade). FP Markets: Social Trading on MT4 and MT5; cTrader Copy.

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