Dukascopy Bank vs IC Markets | Forex Broker Comparison

Dukascopy Bank vs IC Markets Comparison Table

Online Broker	Minimum Deposit	Trading Platforms	Markets	About
IC Markets	$200 Minimum Deposit	MT4, MT5, cTrader, TradingView Trading Platforms	2500+ Markets To Trade	IC Markets allows styles such as automated trading scalping and high frequency trading and also offers 2000+ Stocks CFDs to trade About
Dukascopy	$1000 Minimum Deposit	MT4, MT5, JForex Trading Platforms	1000+ Markets To Trade	Dukascopy Bank provides MT4, MT5 and its JForex platform, both of which support automated trading About

Dukascopy Bank vs IC Markets Comparison

These brokers offer traders access to liquidity and high speed order execution with no dealing desk intervention. Each allows automated trading and offers platforms which let the trader execute automated trading strategies. Traders who make their own trading decisions can also use these platforms.

Dukascopy Bank operates its own liquidity pool called the SWFX Marketplace. IC Markets has access to liquidity providers, locating its servers in Equinix data centers. Both offer a relatively large number of markets to trade, providing Stocks CFDs in addition to a wide range of other markets.

Dukascopy Bank is regulated by the FINMA in Switzerland. IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.

ECN trading conditions

Both offer no dealing desk ECN trading. Dukascopy Bank can let the trader trade directly into the market if they wish.

Quick comparison

These are brokers whose differences include platforms offered. While each has MT4 and MT5, IC Markets also offers cTrader and TradingView and Dukascopy Bank provides JForex.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for IC Markets is $200.

Dukascopy Bank offers an account type with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy Bank provides webinars through its JForex platform. Dukascopy Bank offers 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 Bank does not restrict trading styles. Market news, research and trading tools including an economic calendar as well as videos and webinars are available on Dukascopy Bank's website.

IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade, Myfxbook and IC Social for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.

IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

Dukascopy offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities, Metals, ETFs and Bonds, with 1000+ available.
IC Markets offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities, Metals, ETFs and Bonds, with 2500+ available.

Dukascopy Bank provides 60+ Forex pairs, IC Markets provides 60+ Forex pairs.

Dukascopy Bank vs IC Markets Summary Table

Broker	Trading Platforms	Description
Dukascopy Bank Broker	MT4, MT5, JForex Trading Platforms	Dukascopy Bank provides MT4, MT5 and JForex, allowing a wide range of trading styles, including automated trading and scalping (JForex also has a relatively large number of technical indicators) Description

Dukascopy

IC Markets

Broker

MT4, MT5, cTrader, TradingView

Trading Platforms

IC Markets supports a wide range of trading styles, offering MT4, its successor MT5, cTrader and TradingView

Description

IC Markets

Spreads and leverage

Both brokers offer Forex spreads from 0 plus a commission charge. IC Markets also offers an account without a commission charge, with Forex spreads from 0.8.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) 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 MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.

Trading Platforms

Both brokers offer MT4 and MT5. IC Markets also provides cTrader and TradingView, while Dukascopy Bank offers JForex.

TL;DR summary

Dukascopy Bank offers its JForex platform, design for a wide range of traders but particularly automated traders and scalpers, in addition to MT4 and MT5. IC Markets offers a wider range of platforms, but with a core focus on automated trading and scalping.

Why Dukascopy Bank or IC Markets ?

Traders who want to trade on MT4 or MT5 may do so at either broker. Traders who want to trade on JForex can find this platform at Dukascopy Bank. Traders who want to trade on cTrader and TradingView may do so at IC Markets. Traders who want to use a wide range of trading styles, such as scalping and automated trading may do so at either broker. Traders who want to trade a relatively wide range of Crypto CFDs may do so at IC Markets. Traders who want to fund their account in Bitcoin, Ether or Tether, or have an account denominated in Gold, can do this at Dukascopy Bank.