Dukascopy vs IG: Which One is Better for You?


Dukascopy vs IG, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Dukascopy vs IG, here is the direct comparison:

Feature
Go to Dukascopy

Go to IG

Rating

General Rating 4.62/5
4.35/5
Trustpilot 3.8/5

rated by 214 users
3.7/5

rated by 4 users

General Information

Office(s) Hong Kong, Japan, Latvia, Malaysia, Russian Federation, Switzerland, Ukraine and United Arab Emirates Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States
Regulation DFSA (Dubai), F004307
FCMC (Latvia), May, 2011
FINMA, June 15, 2010
FSA (Japan) 2408
ESMA
CFTC/NFA, 0509630
FCA (UK) 195355
Established 1998 1974
Minimum Deposit $100 $1
Maximum Leverage 1:200 1:50
Spread Fixed Variable
Commissions $1 $3
Minimum Position 0.001 lot 0.01 lot
Payment Credit/debit cards and Wire transfer Credit/debit cards and Wire transfer
Official Website Visit Dukascopy Visit IG

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish Chinese, English, French, German, Italian, Japanese, Portuguese, Spanish, Swedish
Email Support
Call Support
Chat Support

Reviews

General Review Read Dukascopy Review Read IG Review
User Reviews

Jasmine C.

Sep 11 2020

Jasmine H. This is a user friendly platform. The speed of execution is great and the slippage generally small.


Jake Cavanaugh

Sep 11 2020

I love the JForex trading platform and find trading a pleasure on this good looking up to date interface. It is very customizable, easy to use, and has so many helpful features taking the guessing out of every trade.


Blake

Sep 11 2020

Best broker with super convenient JForex platform.
It also have it's own regular banking services with prepaid cards, which makes possible to withdraw from trading account to VISA or MasterCard just in few seconds.


payton89

Sep 11 2020

Reports are not informative to get real info about your incomes and spendings at one page. Looks like they try to hide your commissions and rollovers.


Jocelyn Warren

Sep 11 2020

It was always a pleasure trading with dukascopy but didn't do it all by myself, had help of my freelance account manager and he knew what to do. Have a look on my bio and access the best trading freelance


Dakota

Sep 10 2020

Your platform has friendly interface due to wich even person who never trade can understand all functions.
It is working quite good without errors and any other troubles.


Leonel

Sep 10 2020

I'm having very good experiencies with Duka. The withdrawals are always on time, no delays at responsing to any questions, or queries. I meet high quality on their own developed platfrom (I don't use MT4) and I believe the spreads and cost of comissions are competitives. I'd truly recommend their service.


Malcolm

Sep 10 2020

From the experience of many platforms and companies .. I recommend JForex platform, it easy and clear and obviates many tools.


Travis Bernabas

Sep 10 2020

Trading with dukascopy has been pleasant and profitable but I always have recovery kapital check my account from time to time for errors to avoid loss of any kind but if you have lost any money to trading, get with them on their website.


Fernando Jose

Sep 10 2020

They ask for a selfie with your passport to verify. I thought it was a prank but they're genuine. Unusual and unfortunate experience with this. What is the purpose?


Eduardo Gonzales

Sep 25 2020

OK platform but they need to check it because I cannot move orders on the chart by clicking and dragging, should be enabled asap.


Dante

Sep 10 2020

I wanted to open account with Dukascopy but they refused my application. I sent all of my fully legally documents from Canada for source of my fund but they refused my account because I was originally from another place. All of my documents and my bank account and my sources were fully legally by government of Canada.


Cody Cody Jr

Sep 10 2020

I've been using Dukascopy with the javaws Jforex. I don't think I have seen any disruptions which is good. Other than silly spreads on some of the crosses around the US close. I opened another currency account to do internal transfer. It costs a fee and is not instant even though you get the spot rate. Even after several hours it was still not complete, another minus.


Joanna Sinclair

Sep 10 2020

Got rude and disrespectful account manager. Don’t know if he have problem at home, but please be professional to your clients. Will try for more time but then I'll decide.


Kaleb

Sep 10 2020

It's pretty general from me. Not gonna lie that their platform is very good, relatively easy to digest. They are excellent in everything. Glad found their platform.


Brianna Colt

Sep 10 2020

The most reliable ECN forex, cfd broker. The costumer service was well. The platform is better then either. I recomend it for everyone!


darkfather845

Sep 10 2020

In my experience, which is very limited, your JForex platform is the best. I've tested MetaTrader, but it's not good for me.


Margaret Geiselmann

Sep 10 2020

 truly different experience than what is experienced with others endless investment tools are available for trading. very safe trading there, one of the very few in the market that is considered a true ECN so highly recommended.


C. Charlie

Sep 10 2020

Hello, I just a beginner trader. Jforex is user friendly so it's easy to use for me as a newbie. Not biased review, but bades on my own experience. Goodluck to all of us.


Richard B

Sep 10 2020

Dukascopy allowed to use algorithmic strategy. It is very clear, precise, and adaptable. This broker is very helpful, honest, and adaptable.


Silente

Aug 22 2020

Dreadful customer support. The app is brilliant but suffers with glitches. I tried to buy a fund and it kept give me error result.


Rizky Hussein

Aug 20 2020

IG apps sometimes unresponsive which result me cost more money. They need to broad their data research and news in relation to trades feeds.


Rachel

Aug 19 2020

I wanted to trade Forex on the MT4 platform, but it is not possible to set pending orders close to the market price. For some cross pairs, pending orders must be a minimum of 20 pips away from market price! I always trade with pending orders so I was forced to change broker.


Paul Klein

Aug 18 2020

I do not recommend using IG and moved to another platform. The app flicker and jams on daily basis making all trades impossibles and blocked for days as slow and even failure to respond or return scheduled call. Statement is reporting false activities and numbers are going all over the place.


Mr. Reviewer

Aug 17 2020

Overall my experience with IG was positive. The only issue I had was when trying to withdraw funds from my ISA through the app. It gave conflicting information and I lost confidence in it. A call to the help desk cleared it up and Sharath was very helpful.


Ibrahim

Aug 15 2020

IG is great as the markets are very accessible and the spreads are low but trade execution can be slow and you end up losing out. During a market spike their price settlement sets you off your price every time. They trade with “Instant execution” and not Direct “Market Execution” that guarantees you the price you quote without delays.


Fergusson

Aug 11 2020

Very happy with my account with IG. There partnership with pro real time makes for excellent charting software. Any queries have been swiftly replied to. Spreads are reasonable and placing trades are responsive with little slippage on day trading.


Dominic

Aug 10 2020

The introduction of quarterly fees for holding positions has put me off entirely and I’m gradually moving my positions to another platform with no fees.


Clayton

Aug 8 2020

The representative replied quickly and handled what I had requested before replying and giving me the run around. Thank you so much.


Andrea

Aug 7 2020

I opened an account with IG, and provided all documents they asked, they verified those documents, but my account is still pending. Their customer service service doesn't reply to my emails.


Xerene

Aug 5 2020

You can see the open trade only if you choose the direct account of if. You don’t see it in the meta trader. Or you check your paper statement. I close the account.


Edward122ZP

Jul 28 2020

I have been trying to call them for days. I got a hold of a representative one time after waiting for a very long time. They did respond to my e-mail eventually.


Mick81

Jul 23 2020

They should fired all their support people asap. 3 weeks ago we sent all the documents and still waiting for the account to be opened. Zero confirmation from them.


Rampsey

Jul 18 2020

Been with IG fore some times, and never had a complaint, plenty of queries which were usually dealt with timely and to satisfaction. Good platform, very wide range of markets, variable spreads so very tight except for occasional short periods when there is very high volatility in the market or at such times when there is a lack of liquidity (not good times for retail to be trading anyway). Definitely would recommend to friends.


Ryan123

Jul 15 2020

I had some horrible experiences at first with customer service. My latest experience was for a significant withdrawal which ended up working out ok. The only reason I am switching brokers is because their system doesn't work for my needs.
If you prefer GMT close candles, normally trade just the majors, small account size, swing/position trader, this broker is for you. These things are not me.


intercarro01

Jul 13 2020

I tried to open a trading account but because IG representative behave like an encyclopedia salesman, I'm just not sure anymore.


Lindsay

Jul 10 2020

Since I've signed up with them a little over a week ago its been issue after issue. The system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very annoyed.


Daniel

Jul 9 2020

There are far better brokers out there. When trading through IG it is very clear you are trading with a b-book broker. They send out dodgy trade ideas daily. They make their own pricing when the markets are closed, including on weekends. When the market is closed and they are offering their own pricing, they blatantly chase stop losses. This kind of thing happens almost every time you have an open position in one of their grey markets during a trading break. Overall, I'd say dont bother with IG, even though they are market leaders, they are most definitely dodgy and only want you to lose money.


Delakay

Jul 8 2020

Dont trade with this broker. IG steals your money by triggering your stoploss. They are a bunch of stoploss hunters which give a shit about your clients. Your core business is taking the other side of the trades and stealing points from poor retail traders who dont know what they are doing. Shame on you IG, I thought you were different than other brokers!


Greg Hutt

Jul 1 2020

I have found broker with far less restrictions and more helpful. Chat service are not that knowledgeable. Severe restrictions on what you can set as a take profit on major currency pairs.


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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Dukascopy provides their pricing with Fixed while IG offers Variable.



Dukascopy vs IG: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, Dukascopy enables trading with MetaTrader 4, JForex. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, IG provides trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days) with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.



Is Dukascopy or IG better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, Dukascopy supports trading with Forex, CFD, Cryptocurrencies, Gold & silver, while IG presents the ability of trading with Forex, CFD, Oil, Spread betting, Cryptocurrencies, Gold & silver.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to Dukascopy and IG:

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