Dukascopy vs IC Markets
| Dukascopy | IC Markets |
|---|---|
3.6
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4.8
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 Traders from US not accepted
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Traders from US not accepted
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Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading. |
IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries. |
| Customer Reviews | |
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4
Based on 2 IC Markets customer reviews
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| Bonus Offer | |
| 10% Equity Bonus | |
| Promotions | |
| Comment by Reviewer | |
| "Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading." | "IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $200 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FINMA, Bank of Latvia, JFSA | ASIC, CySEC, FSA, CMA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors’ charting tools. With 24/7 in-app support, it’s a top choice for new mobile traders. |
IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive. |
| Android App Rating | |
3.7 |
4.2 |
| iOS App Rating | |
4.6 |
3.1 |
| Auto Trading | |
| Yes (EAs & FIX APIs) | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| MetaTrader | Signal Start |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $40 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Dukascopy offers highly leveraged CFDs with rates up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are also tight starting from 0.1 pips and traders get 24/7 support. | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. |
| Leverage | |
| 1:200 | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| FTSE Spread | |
| Variable | 1.0 |
| GBPUSD Spread | |
| 1.16 Av | 0.23 |
| Oil Spread | |
| 5.3 Av | 0.03 |
| Stocks Spread | |
| From 0.1 | 0.02 |
| Forex Trading | |
| With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex. | IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. |
| Forex App | |
Dukascopy offers a free mobile app that can be used to trade the broker’s range of forex pairs. The application is also home to trading signals, price alerts and beginner-friendly charts and graphs. Close to 50 technical indicators, plus level two quotes are also available.
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IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
| GBPUSD Spread | |
| 1.1 | 0.23 |
| EURUSD Spread | |
| 0.1 | 0.02 |
| EURGBP Spread | |
| 0.9 | 0.27 |
| Assets | |
| 63 | 75 |
| Cryptocurrency | |
| Take positions on popular cryptos against the US Dollar. Traders can go long or short with decent leverage up to 1:5. Clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of broker insolvency. | IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms. |
| Spread | |
| From 0.1 | BTC 42.036 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and deposits are protected by EU law, though the $1000 starting investment is higher than alternatives. | Binary options trading not offered |
| Payout | |
| 90% | |
| Expiry Times | |
| 3 minutes - 1 day | |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | No |
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