Compare Dukascopy vs IC Markets - ECN Broker Comparison

Compare Dukascopy vs IC Markets

Dukascopy versus IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$200MT4, MT5, cTrader230+ASIC

Dukascopy and IC Markets Comparison

IC Markets is an Australian regulated ECN broker. Dukascopy EU is Latvian regulated and provides access to the SWFX ECN Marketplace of liquidity. IC Markets offers access to liquidity pools via Equinix NY4 and LD5 Data Centres.

Thus both brokers can offer low spreads plus a commission charge. IC Markets can also provide STP spreads, for example higher Forex spreads, with no commission charge.

Dukascopy offers MT4 and JForex, which is an advanced platform for both manual and automated trading. IC Markets does not offer JForex, but instead provides another advanced platform, cTrader. IC Markets also provides MT4 and MT5 (both with Level II quotes, like cTrader and JForex).

Dukascopy can offer more markets to trade. Dukascopy is regulated by the FCMC in Latvia, while IC Markets is regulated by the ASIC in Australia.

Quick comparison

Both provide ECN trading. Dukascopy provides MT4 and JForex 3, while IC Markets offers MT4, MT5 and cTrader. Dukascopy has more markets, though IC Markets has a relatively large number of an ECN broker.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for IC Markets is $200.

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides traders access to the Swiss Foreign Exchange Marketplace liquidity pools, which it operates. The minimum trade size is 0.01 standard lots (1000 units). Dukascopy does not restrict trading styles.
  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Data Centres to deliver low latency trading conditions and has micro lot trading.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.

Markets

  • Dukascopy offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities and Metals, with 500+ available.
  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities, Precious Metals, Bonds and ETFs, with 230+ available.

Dukascopy provides 60+ Forex pairs, IC Markets offers 55+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • IC Markets offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Ripple, Emercoin, Namecoin, Peercoin and EOS.

Spreads and leverage

  • Spreads at Dukascopy are variable and are from 0.1 for EUR/USD (with an average of 0.2), 1 for UK100, 0.10 for Gold and 0.02 for US Crude Oil, plus a commission charge.
  • Spreads at IC Markets are variable and are from -0.3 (on cTrader) and 0.0 on MT4 with an average of 0.1 for EUR/USD with a commission charge, from 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads (without a commission charge) are from 1, with an average of 1.1.

Maximum leverage for Dukascopy EU is . Maximum leverage for IC Markets is 500:1.

Commissions

  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTrader account charges a commission of $3 per 100,000 USD traded per side.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. IC Markets offers MT4 (and a web trader based on MT4), MT5 and cTrader. These platforms are available on desktop, tablet and mobile.

Quick comparison

Both offer ECN trading: Dukascopy on MT4 and JForex 3, IC Markets on MT4, MT5 and cTrader. Dukascopy has more markets, IC Markets has a wider range.

Comparison summary

  • These provide ECN trading
  • They offer low spreads plus a commission charge
  • IC Markets also provides STP trading with no commission charge (e.g. with higher Forex spreads)
  • Dukascopy can offer MT4 and JForex 3
  • IC Markets provides MT4, MT5 and cTrader
  • Dukascopy can offer more individual markets to trade, but IC Markets has a wider range
  • Dukascopy is regulated in the EU, IC Markets is regulated in Australia

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