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Dukascopy
VS
IC Markets

Dukascopy vs IC Markets: which broker is better in 2026?

We compare Dukascopy and IC Markets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IC Markets edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaDukascopyIC Markets
Overall score 4.0 4.1
Regulation & safety 4.5 3.5
Fees & deposit 4.0 4.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score83/10080/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsJForex (desktop/web), MetaTrader 4, Mobile app, API (FIX/JForex)MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Mobile App
Fee modelECN model: raw spread + volume-based commission — competitive for volume; exact figures not yet verifiedSeveral account types (Raw Spread, Standard, Raw Pro/Pro+, cTrader Raw Spread, Swap Free) — the fee structure per account type has not been verified in detail

Pros & cons

Dukascopy
  • FINMA-licensed Swiss bank — top-tier prudential oversight
  • Transparent ECN/marketplace model (SWFX) with a powerful JForex platform
  • Competitive commissions for volume traders
  • Account structure & the JForex platform can be complex for beginners
  • Minimum deposit relatively high compared to typical retail brokers
  • Leveraged products are high-risk
IC Markets
  • One of the most popular raw-spread ECN brokers for scalping/algo trading (very low costs)
  • Very complete platform selection (MT4/MT5/cTrader/TradingView)
  • Regulated by ASIC (Australia) + CySEC for certain entities
  • A class-action record (reported since 2024) alleging it misled investors — no verdict yet, but a relevant public fact
  • Many clients via offshore entities (Seychelles/Bahamas)
  • Leverage is high-risk

Regulation at a glance

Dukascopy

Dukascopy Bank SA is a licensed bank & securities dealer supervised by FINMA (the Swiss financial regulator). Its European entity (Dukascopy Europe) is supervised in Latvia. Its 'Swiss bank' status adds a layer of prudential oversight.

IC Markets

Exact license numbers not yet verified — the official site mentions multi-regulation but the detailed regulation page was inaccessible during our check. Verify directly with the regulator (ASIC, CySEC, or the Seychelles FSA depending on the entity) before signing up.