Broker comparison

Dukascopy vs.
IC Markets

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

IC Markets has a higher rating of 4.4/5 compared to Dukascopy (4.3/5). The minimum deposit is lower at Dukascopy with 100 $. Dukascopy has been in the market since 1998, making it the more experienced provider. On spreads, Dukascopy offers EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million, while IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).

Swiss ECN bank with professional JForex platform

ECN broker with ultra-low spreads and fast execution

At a glance

The key differences

Criterion
PlatformsJForex, MT4, Dukascopy Connect AppMT4, MT5, cTrader
Product typesForex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDsForex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs
Options tradingBinary options (JForex)No
Fee modelFrom 0.1 pips + volume-based commission (max. $3.50 per lot)From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit100 $200 $
RegulationFINMAASIC/CySEC
More informationDetailsDetails

Platforms

Dukascopy

JForex, MT4, Dukascopy Connect App

IC Markets

MT4, MT5, cTrader

Product types

Dukascopy

Forex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDs

IC Markets

Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs

Options trading

Dukascopy

Binary options (JForex)

IC Markets

No

Fee model

Dukascopy

From 0.1 pips + volume-based commission (max. $3.50 per lot)

IC Markets

From 0.0 pips + $3.50 commission (Raw Spread)

Minimum deposit

Dukascopy

100 $

IC Markets

200 $

Regulation

Dukascopy

FINMA

IC Markets

ASIC/CySEC

More information

Dukascopy

Details

IC Markets

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

From 0.1 pips + volume-based commission (max. $3.50 per lot)

Published fee
From 0.1 pips + volume-based commission (max. $3.50 per lot)
Minimum deposit
100 $
Spread figure
EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million
See terms at provider

From 0.0 pips + $3.50 commission (Raw Spread)

Published fee
From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit
200 $
Spread figure
EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexMetalsIndices CFDsCommoditiesStocks CFDsCrypto CFDsBonds CFDs
ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

JForex · MT4 · Dukascopy Connect App

Dukascopy offers the proprietary JForex platform as its flagship – a professional tool with ECN access, Java-based strategy development, comprehensive backtesting, and Level II market depth. Additionally, MetaTrader 4 is available for traders who prefer the MT4 ecosystem. The Dukascopy Connect App enables mobile trading and offers integrated messaging and banking functions of the Swiss bank.

Explore platform

MT4 · MT5 · cTrader

IC Markets offers three top-tier trading platforms for different trading styles. MetaTrader 4 is the classic choice for Forex traders with extensive EA support. MetaTrader 5 expands the offering with additional timeframes and order types. The cTrader platform excels with its intuitive interface, Level II market depth, and cAlgo for algorithmic trading. All platforms offer VPS hosting for uninterrupted automated trading.

Explore platform

Regulation & security

ASIC/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Swiss ECN bank with professional JForex platform

  • FINMA-regulated Swiss bank
  • ECN execution with high liquidity
  • Professional JForex platform
  • Complex platform for beginners
  • Higher entry barrier

ECN broker with ultra-low spreads and fast execution

  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
  • No proprietary platform
  • Educational content could be more comprehensive

Find the broker that fits

Dukascopy oder IC Markets?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Dukascopy4.3
  • FINMA-regulated Swiss bank
  • ECN execution with high liquidity
  • Professional JForex platform
IC Markets4.4
  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Dukascopy and IC Markets?
Dukascopy: From 0.1 pips + volume-based commission (max. $3.50 per lot). IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Dukascopy or IC Markets?
Dukascopy offers Forex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDs. IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs.
How are Dukascopy and IC Markets regulated?
The broker profiles list FINMA for Dukascopy and ASIC/CySEC for IC Markets. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Dukascopy or IC Markets better for beginners?
Dukascopy lists a 100 $ minimum deposit and offers JForex, MT4, Dukascopy Connect App. IC Markets lists 200 $ and offers MT4, MT5, cTrader. Compare usability, available products and costs for your intended use.
Dukascopy vs IC Markets: Which broker is better overall?
The choice between Dukascopy (4.3/5, 800 reviews) and IC Markets (4.4/5, 2200 reviews) depends on your needs. Dukascopy: Swiss ECN bank with professional JForex platform. IC Markets: ECN broker with ultra-low spreads and fast execution.
How do spreads compare between Dukascopy and IC Markets?
Dukascopy offers typical spreads of EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million. IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard). Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise