A side by side comparison of Dukascopy Bank and IC Markets on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, IC Markets scores higher in our review (90 vs 87 out of 100). IC Markets has the tighter typical EUR/USD spread, which suits scalpers and high-frequency traders. Dukascopy Bank has the lower minimum deposit, so it is easier to start with. Both are regulated by recognised authorities.
| Dukascopy Bank | IC Markets | |
|---|---|---|
| MSP Score | 87/100 (A) | 90/100 (A) |
| Reputation score | 62/100 | 79/100 |
| Regulation | FINMA, Bank of Latvia, JFSA | ASIC, CySEC, FSA |
| Founded | 2004 | 2007 |
| Headquarters | Geneva, Switzerland | Sydney, Australia |
| Platforms | JForex, MT4, MT5 | MT4, MT5, cTrader, TradingView |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $100 | $200 |
| Typical EUR/USD spread | 0.3 pips | 0.1 pips |
| Execution | ECN-STP | ECN/STP |
| Products | CFD, DMA, Options | CFD |
| Min deposit currency funding | Card, Bank transfer, Skrill | Card, Bank transfer, PayPal |
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Start free trialFor the complete breakdown of each broker, including reputation and regulator notes, read our Dukascopy Bank review and our IC Markets review. You can also visit Dukascopy Bank or IC Markets directly.
IC Markets scores higher overall in our review (90/100 vs 87/100), but the better choice depends on what you value. IC Markets has tighter spreads. Dukascopy Bank has a lower minimum deposit. Compare the full table above to pick the right one for you.
IC Markets has the tighter typical EUR/USD spread of the two, though final costs depend on your account type and any commission. Check current spreads on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
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