Dukascopy
FINMA
IC Markets
ASIC/CySEC
Dukascopy vs IC Markets
Head-to-Head Comparison 2026
Our Verdict
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).
Comparison Table
| Criteria | Dukascopy | IC Markets |
|---|---|---|
| Rating | 4.3/5 (800 reviews) | 4.4/5 (2200 reviews)✓ |
| Regulation | FINMA | ASIC/CySEC |
| Fees | From 0.1 pips + volume-based commission (max. $3.50 per lot) | From 0.0 pips + $3.50 commission (Raw Spread) |
| Min. Deposit | 100 $ | 200 $ |
| Instruments | Forex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDs | Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs |
| Platforms | JForex, MT4, Dukascopy Connect App | MT4, MT5, cTrader |
| Options Trading | Binary options (JForex) | No |
| Spread (typical) | EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million | EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard) |
| Execution Speed | — | ~40 ms (Equinix NY4/LD5) |
| Founded | 1998 | 2007 |
| Headquarters | Geneva | Sydney |
Detailed Comparison
Fee Comparison
Dukascopy: From 0.1 pips + volume-based commission (max. $3.50 per lot). Minimum deposit: 100 $. Spread: EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million.
IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Minimum deposit: 200 $. Spread: EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard).
Execution Quality
Dukascopy
No data available
IC Markets
Execution: ~40 ms (Equinix NY4/LD5)
Product Range
Dukascopy (7 categories)
IC Markets (7 categories)
Trading Platforms
Dukascopy
- JForex
- MT4
- Dukascopy Connect App
IC Markets
- MT4
- MT5
- cTrader
Regulation & Security
Dukascopy is regulated by FINMA (HQ: Geneva).
IC Markets is regulated by ASIC/CySEC (HQ: Sydney).
Who Is It For?
Dukascopy
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
IC Markets
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