This comparison pits a domestically licensed Indonesian broker against a global ECN-focused platform, highlighting tension between local compliance and international execution quality.
IC Markets edges Dupoin with a higher editorial score, anchored in top-tier regulation and true ECN pricing.
Find out which broker best suits your trader profile.
Choose Dupoin if…
Choose Dupoin if you want domestic BAPPEBTI and OJK oversight with IDR funding. You benefit from a low $30 minimum deposit.
Choose IC Markets if…
Choose IC Markets if you want top-tier regulation and raw spreads with MT4/MT5, cTrader, and TradingView. You access 2200 instruments and a full platform stack.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
IC Markets offers tighter spreads from 0.00 pips vs 1.50 pips for Dupoin, reducing trading costs.
| Editorial score | 3.6/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.6 / 5 | 4.6 / 5▲ |
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. 2025020000000412 is publicly verifiable
Offers both MetaTrader 4 and MetaTrader 5
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Dupoin | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
IC Markets is the stronger choice: it rates 4.7/5 versus 3.6/5 for Dupoin, a gap that reflects clear differences across regulation, fees, and platform quality in our review.
IC Markets starts from 0 pips, tighter than Dupoin's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Dupoin has $30, while IC Markets requires at least $200. This makes Dupoin more accessible for traders with limited starting capital.
IC Markets holds top-tier regulation (FSCA, ASIC, CySEC), providing stronger investor protections. Dupoin may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Dupoin requires a lower minimum deposit ($30), lowering the barrier to entry, and IC Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Dupoin lists maximum leverage of 100:1, while IC Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IC Markets charges $7 per lot on commission-based accounts. Commission details for Dupoin are not currently available. Check their website for up-to-date pricing.
Dupoin supports MetaTrader 5, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to cTrader and TradingView.
IC Markets wins for safety and regulation due to ASIC, CySEC, and FSCA oversight.
IC Markets excels for active traders with true ECN execution and deep liquidity.
IC Markets is better suited for scalpers: tighter spreads from 0.00 pips.
IC Markets offers MT4, MT5, cTrader and TradingView for versatile trading.
Dupoin is better for beginners due to the low $30 minimum deposit.
IC Markets wins for instrument variety with about 2200 offerings.
Fees & Spreads 30% weight | 3.5 / 5 | 5.0 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.6 / 5 | 4.6 / 5▲ |
|---|
Customer Support 10% weight | 3.5 / 5 | 4.5 / 5▲ |
|---|
| Founded | 2020 | 2007 |
|---|
| Headquarters | Jakarta, Indonesia | Sydney, Australia |
|---|
| Min Deposit | $30▼ lower | $200 |
|---|
| Spreads From | 1.5 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $7/lot |
|---|
| N/A | 0.7 pips |
| Max Leverage | 100:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transfer | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | BAPPEBTI OJK | FSCA ASIC CySEC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 TradingView MetaTrader 4 |
|---|
| Active bonuses |
|---|
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Only available to Indonesian residents, no international clients
Shorter operating history than established domestic peers
Narrow product range limited to forex and commodity futures
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Support available in limited languages
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 3.6 / 5
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