Dukascopy vs IC Markets 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
IC Markets has the higher TFB Score (91/100 vs 67/100).
Dukascopy Bank SA is a Swiss bank founded in Geneva in 2004 and regulated by FINMA as a bank and securities firm, with an EU arm Dukascopy Europe IBS AS in Riga, offering JForex 4 and MetaTrader 4 with volume-based commissions.
75.14% of retail CFD accounts lose money with this provider.
IC Markets is a CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView with Standard and Raw Spread accounts; its global site is operated by Raw Trading Ltd, licensed by the FSA Seychelles.
73.46% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | IC Markets |
|---|---|---|
| TFB Score | 67/100 | 91/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 32/35▲2 tier-1 regulators (ASIC, CySEC), investor compensation |
| Fees & costs | 13/25Spreads from 0.1 pips; commission not published | 24/25▲All-in cost from 0.80 pips, no commission |
| Deposits & withdrawals | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 17/20▲Minimum deposit USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum), 9 deposit methods, 5 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 18/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FSA Seychelles, ASIC, CySEC |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.0 pips (Raw Spread); 0.8 pips (Standard) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | USD 3.50 per lot per side (Raw Spread on MetaTrader, USD 7.0 round turn; cTrader and TradingView USD 3 per USD 100k; Standard no commission) |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | To original deposit method, Neteller, Skrill, PayPal, Bank wire (fee) |
| Retail accounts losing money | 75.14% | 73.46% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · IC Markets review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or IC Markets better?
IC Markets has the higher TFB Score (91/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and IC Markets regulated?
Dukascopy: FINMA. IC Markets: FSA Seychelles, ASIC, CySEC. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or IC Markets?
Dukascopy holds 1 tier-1 licence (FINMA); IC Markets holds 2 (ASIC and CySEC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at Dukascopy and IC Markets?
Dukascopy: $100 (Dukascopy Bank SA forex account). IC Markets: USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum).
Which has tighter spreads, Dukascopy or IC Markets?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.0 pips (Raw Spread); 0.8 pips (Standard) at IC Markets; commission: Dukascopy USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume), IC Markets USD 3.50 per lot per side (Raw Spread on MetaTrader, USD 7.0 round turn; cTrader and TradingView USD 3 per USD 100k; Standard no commission).
Do Dukascopy and IC Markets offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. IC Markets: MT4, MT5, cTrader, TradingView.
What is the maximum leverage at Dukascopy and IC Markets?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). IC Markets: up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and IC Markets?
Dukascopy states 75.14% and IC Markets states 73.46% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More IC Markets comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning