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Dukascopy
#11 in our binary options broker rankings
Accepts traders from Zimbabwe
Rating breakdown
- Regulation & trust3.51.1 lower than IC (4.6)
- Assets & markets4.00.1 lower than IC (4.1)
- Fees & costs3.01.6 lower than IC (4.6)
- Platforms & tools4.30.3 higher than IC (4.0)
- Accounts & banking3.50.5 lower than IC (4.0)
- Education3.5same as IC (3.5)
- Research4.50.5 higher than IC (4.0)
- Customer support4.00.5 lower than IC (4.5)
IC’s score. Numbers show the difference.
IC
Doesn't accept traders from Zimbabwe. See available CFD brokers
Not available in your countryRead IC review
Rating breakdown
- Regulation & trust4.61.1 higher than Dukascopy (3.5)
- Assets & markets4.10.1 higher than Dukascopy (4.0)
- Fees & costs4.61.6 higher than Dukascopy (3.0)
- Platforms & tools4.00.3 lower than Dukascopy (4.3)
- Accounts & banking4.00.5 higher than Dukascopy (3.5)
- Education3.5same as Dukascopy (3.5)
- Research4.00.5 lower than Dukascopy (4.5)
- Customer support4.50.5 higher than Dukascopy (4.0)
Dukascopy’s score. Numbers show the difference.
| Dukascopy | IC | |
|---|---|---|
| Overview | Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 25,000+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders. | IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries. |
| Customer Reviews | Based on 1 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 100% Anniversary Bonus | – |
| Promotions | – | |
| Comment by Reviewer | “Dukascopy suits binary traders seeking the peace of mind of using a well-known brokerage whose banking services are regulated by FINMA in Switzerland, with legitimacy and credibility that’s a step up from most offshore firms. Dukascopy is particularly suited to experienced binary traders, especially those seeking automation through chained option contracts, though we'd avoid the supported Martingale strategy as losses can accumulate rapidly.” | “IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $100 | $200 |
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| Minimum Trade | $1 (Binaries), 0.01 Lots (Forex/CFD) | 0.01 Lots |
| Regulator | FINMA, JFSA, Bank of Latvia | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | Yes |
| MAM Account | No | Yes |
| PAMM Account | Yes | Yes |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | No |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors' charting tools. With 24/7 in-app support, it's a top choice for serious mobile traders. | IC deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets (now just IC) is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. |
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| Auto Trading | – | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. |
| Social Trading | No | Yes |
| Trade Signals | – | Yes |
| VPS Hosting | No | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | CHF 100 | $0 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Dukascopy offers highly leveraged CFD trading up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are tight starting from 0.1 pips and traders get 24/7 support that performed well during testing. However, the real standout is the security provided by trading CFDs through a multi-regulated broker and Swiss bank | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC ensures optimal conditions for scalpers, hedgers, and algo traders alike. |
| Leverage | 1:200 | 1:5000 |
| FTSE Spread | 100 | 1.0 |
| GBPUSD Spread | 0.1 | 0.23 |
| Oil Spread | 0.1 | 0.03 |
| Stocks Spread | 0.1 | 0.02 |
| Forex Trading | ||
| Overview | With 60+ currency pairs available, Dukascopy offers ample majors, minors and exotics, complete with its tight spreads from 0.1 pips, access to MT4, plus the broker’s own JForex softwarem which shined during testing for its clean workspace and customization capabilities. | IC maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. |
| GBPUSD Spread | 0.1 | 0.23 |
| EURUSD Spread | 0.1 | 0.1 |
| EURGBP Spread | 0.4 | 0.27 |
| Assets | 60+ | 75 |
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| Cryptocurrency | ||
| Overview | Dukascopy facilitates day trading on popular cryptos like Bitcoin against the US Dollar. You can go long or short with leverage up to 1:5. Unusually, clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of brokerage insolvency. | IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. |
| Spread | 0.1 | BTC 42.036 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and trading deposits with the EU entity are protected up to €20,000 (with conditions), though the $100 starting investment is higher than alternatives. | Binary options trading not offered |
| Payout | 90% | – |
| Expiry Times | 3 minutes - 22 hours 59 minutes | – |
| Ladder Options | No | No |
| Boundary Options | No | No |
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