IG Index vs Dukascopy
IG Index or Dukascopy – which is better for UK traders 2024? Compare IG Index and Dukascopy in this detailed breakdown of their platforms, features and fees.
IG Index | Dukascopy |
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IG Index is ranked #19 among CFD brokers. | Dukascopy is ranked #5 among binary options brokers. |
Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. | Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading. |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $100 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | FINMA, FCMC, JFSA |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
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 new mobile traders. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2.5% | |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
Yes | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
Yes | No |
MAM Account | |
No | No |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
Yes | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Yes (EAs & FIX APIs) |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | MetaTrader |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$12 | $40 |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. | Dukascopy offers highly leveraged CFDs with rates up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are also tight starting from 0.1 pips and traders get 24/7 support. |
Leverage | |
1:30 (Retail), 1:222 (Pro) | 1:200 |
FTSE Spread | |
1.0 | Variable |
GBPUSD Spread< | |
0.9 | 1.16 Av |
Oil Spread | |
2.8 | 5.3 Av |
Stocks Spread | |
0.02 | From 0.1 |
Forex | |
IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. | With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex. |
Assets | |
80+ | 63 |
GBPUSD Spread | |
0.9 | 1.1 |
EURUSD Spread | |
0.8 | 0.1 |
EURGBP Spread | |
0.9 | 0.9 |
Currency Indices | |
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Cryptocurrency | |
IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. | Take positions on popular cryptos against the US Dollar. Traders can go long or short with decent leverage up to 1:5. Clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of broker insolvency. |
Spread | |
Variable | From 0.1 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Digital 100s binary options trading is available to Pro clients only. Users can speculate on the chances of a particular event happening with a fixed payout and loss. Binaries are available on forex, indices, commodities and other announcements. | Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and deposits are protected by EU law, though the $1000 starting investment is higher than alternatives. |
Payout | |
90% | |
Expiration Times | |
3 minutes - 1 day | |
Boundary Options | |
No | No |
Ladder Options | |
Yes | No |
IG Index | Dukascopy |
71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. | |
More Comparisons | |
IG Index vs |
Dukascopy vs |