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XM vs IUX
XM vs IUX: XM offers a $5 minimum and copy trading; IUX offers a $30 minimum and 1:3000 leverage.
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XM is a spread-only broker with a $5 minimum deposit, no commission and its own copy trading service. IUX is an MT5-only broker with a $30 minimum deposit, no deposit or withdrawal fees and leverage up to 1:3000, licensed by the FSC in Mauritius. The better fit depends on where you live, how often you trade and which company would hold your account.
Quick Answer
| Best for | Winner | Why |
|---|---|---|
| Starting small | XM | $5 against $30 |
| Raw-spread account | IUX | XM has no raw-spread account |
| Top-tier licences in the group | XM | CySEC and DFSA; IUX is offshore only |
| No inactivity fee | IUX | XM: $10 a month after 90 days without activity |
| Copy trading | XM | IUX: None of its own (third-party Myfxbook AutoTrade) |
| MetaTrader 4 | XM | 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
| XM | IUX | |
|---|---|---|
| Operating since | Over 15 years in business | 2016 |
| Company for international clients | XM Global Limited, licensed by the FSC in Belize (8557558) | IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605) |
| Regulators in the group | CySEC, DFSA, FSC Belize, FSA Seychelles, FSC Mauritius | FSC Mauritius; SVG registration |
| Minimum deposit | $5 | $30 (Standard); $200 (Raw and Pro) |
| Commission-free spreads | Ultra Low from 0.8 pips; Standard from 1.6 pips | Standard from 0.2 pips; Pro from 0.1 pips |
| Raw-spread account | None | Raw from 0.0 pips plus $7 per lot |
| Maximum leverage | 1:1000 | 1:3000 (cut to 1:400 around high-impact news) |
| Platforms | MT4, MT5, XM App | MT5, IUX Trade App, IUX WebTerminal |
| Copy trading | XM Copy Trading, from $50 per strategy | None of its own (third-party Myfxbook AutoTrade) |
| Inactivity fee | $10 a month after 90 days without activity | None |
| Withdrawal fee | None from XM | None from IUX |
| Swap-free | Islamic option on all accounts | Swap-free by default for day trading; can change for multi-day holds |
| Bonus | 50% deposit bonus up to $100 and further bonuses (not in every country) | 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.
Watch both video reviews
Our XM and IUX reviews on video. Tap a chapter to jump straight to safety, costs, withdrawals or the verdict.
XM review 8:42
IUX review 4:52
Regulation and Safety
XM’s group holds licences from CySEC in Cyprus and the DFSA in Dubai, plus offshore licences in Belize, Seychelles and Mauritius. Most international clients open accounts with XM Global Limited, licensed by the FSC in Belize. XM says negative balance protection applies to all clients.
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 XM 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, XM lists: Ultra Low from 0.8 pips; Standard from 1.6 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.
Only IUX offers a raw-spread account: Raw from 0.0 pips plus $7 per lot. XM is spread-only, which is simpler but usually costs more per trade for frequent traders.
XM’s inactivity fee: $10 a month after 90 days without activity. IUX lists no inactivity fee. Withdrawal fees: XM: none from XM; IUX: none from IUX.
Platforms and Copy Trading
XM offers MT4, MT5 and XM App. IUX offers MT5, IUX Trade App and IUX WebTerminal.
XM’s copy trading: XM Copy Trading, from $50 per strategy. 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
XM’s maximum leverage: 1:1000. 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 XM if:
- You want to start with as little as $5
- You prefer spread-only pricing with no commission
- You want copy trading and regular bonuses
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.
More XM and IUX comparisons
Each one sets the same checks side by side: regulation, costs, platforms and leverage.
FAQ
Which has the lower minimum deposit, XM or IUX? XM. XM: $5. IUX: $30 (Standard); $200 (Raw and Pro).
How are XM and IUX regulated? XM’s international clients deal with XM Global Limited, licensed by the FSC in Belize (8557558). IUX’s deal with IUX Markets (MU) Ltd, licensed by the FSC in Mauritius (GB22200605). Group regulators: XM: CySEC, DFSA, FSC Belize, FSA Seychelles, FSC Mauritius; IUX: FSC Mauritius; SVG registration.
Which is cheaper to trade with? It depends on the account. Commission-free: XM: Ultra Low from 0.8 pips; Standard from 1.6 pips; IUX: Standard from 0.2 pips; Pro from 0.1 pips. Raw accounts: XM: none; IUX: Raw from 0.0 pips plus $7 per lot.
Does either charge an inactivity fee? XM: $10 a month after 90 days without activity. IUX: none.
Do both offer copy trading? XM: XM Copy Trading, from $50 per strategy. IUX: none of its own (third-party Myfxbook AutoTrade).
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