Dragon Capital Cyprus
IC Markets
Dragon Capital Cyprus vs IC Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Dragon Capital Cyprus and IC Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Dragon Capital Cyprus, founded in 2006 and headquartered in Limassol, Cyprus, is regulated by CySEC and offers spreads starting from Variable with a minimum deposit of $0. IC Markets, established in 2007 in Sydney, Australia, holds licenses from ASIC, CySEC, FSA with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, IC Markets scored 8.8/10 overall compared to Dragon Capital Cyprus's 6/10, making it the stronger pick for most traders. That said, Dragon Capital Cyprus holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
IC Markets scores 8.8/10 overall vs 6/10 for Dragon Capital Cyprus — a 2.8-point difference.
- 💵
Dragon Capital Cyprus requires just $0 to start, while IC Markets needs $200 — Dragon Capital Cyprus is 200x more accessible.
- 📈
IC Markets offers 2,200+ instruments vs 100+ at Dragon Capital Cyprus — a massive gap in market coverage.
- 🖥️
Dragon Capital Cyprus runs on Proprietary Platform, while IC Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: IC Markets scores 9.5 vs 5.5 for Dragon Capital Cyprus — a 4.0-point difference.
Our Verdict
Dragon Capital Cyprus
Score: 6.0/10 · Wins 0 categories- You prefer a low minimum deposit ($0)
- You prefer Dragon Capital Cyprus's trading environment overall
IC Markets
Score: 8.8/10 · Wins 8 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
IC Markets takes the lead with an overall score of 8.8/10 compared to 6/10, winning in 8 out of 8 scoring categories. IC Markets stands out for lower trading costs and better trading platforms, while Dragon Capital Cyprus remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, IC Markets comes out ahead with a 8.8/10 overall rating, winning 8 out of 8 categories. Its strongest area is Trading Costs where it scores 9.5/10. IC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Dragon Capital Cyprus is not without merit — it scores 6/10 overall and excels in Regulation & Trust (7.0/10). For a complete breakdown, read our full IC Markets review and Dragon Capital Cyprus review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
IC Markets wins by 4.0 points
IC Markets wins by 3.5 points
IC Markets wins by 2.0 points
IC Markets wins by 2.5 points
IC Markets wins by 2.5 points
IC Markets wins by 2.0 points
IC Markets wins by 3.0 points
IC Markets wins by 2.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 6.0/10 | 8.8/10 ✓ |
| Min Deposit Lower is better | $0 ✓ | $200 |
| Max Leverage | 1:30 | 1:500 |
| Spreads From | Variable | 0.0 pips |
| Platforms | Proprietary Platform | MT4, MT5, cTrader |
| Regulation | CySEC | ASIC, CySEC, FSA |
| Founded Older track record highlighted | 2006 ✓ | 2007 |
| Markets | 100+ | 2,200+ ✓ |
Fees & Costs
When it comes to trading costs, IC Markets has the edge with a score of 9.5/10 versus 5.5/10 for Dragon Capital Cyprus. Dragon Capital Cyprus offers spreads starting from Variable, while IC Markets starts from 0.0 pips. The minimum deposit at Dragon Capital Cyprus is $0, compared to $200 at IC Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
IC Markets scores 9/10 for platforms compared to 5.5/10 for Dragon Capital Cyprus. Dragon Capital Cyprus provides Proprietary Platform, while IC Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Dragon Capital Cyprus is regulated by CySEC (Tier 1), while IC Markets holds licenses from ASIC, CySEC, FSA (Tier 1). Dragon Capital Cyprus scores 7/10 and IC Markets scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, IC Markets leads with 7/10 compared to 4.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Dragon Capital Cyprus and IC Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Dragon Capital Cyprus offers Email, Phone and scores 5.5/10, while IC Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Dragon Capital Cyprus scores 5.5/10 for deposits and withdrawals, while IC Markets scores 8.5/10. Dragon Capital Cyprus accepts Bank Transfer, and IC Markets supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay. Processing times, fees, and available currencies vary. Dragon Capital Cyprus requires a minimum deposit of $0 versus $200 for IC Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Dragon Capital Cyprus if you...
- You prefer a low minimum deposit ($0)
- You prefer Dragon Capital Cyprus's trading environment overall
Choose IC Markets if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Dragon Capital Cyprus better than IC Markets?
IC Markets scores higher overall (8.8/10 vs 6/10), winning 8 of 8 categories. However, Dragon Capital Cyprus remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, Dragon Capital Cyprus or IC Markets?
IC Markets scores higher for trading costs. Dragon Capital Cyprus offers spreads from Variable with a $0 minimum deposit, while IC Markets starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Dragon Capital Cyprus safe to trade with?
Dragon Capital Cyprus is regulated by CySEC and scores 7/10 for regulation. IC Markets is regulated by ASIC, CySEC, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Dragon Capital Cyprus or IC Markets?
IC Markets scores 9/10 for platforms. Dragon Capital Cyprus offers Proprietary Platform, while IC Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Dragon Capital Cyprus vs IC Markets?
Dragon Capital Cyprus requires a minimum deposit of $0, while IC Markets requires $200. Dragon Capital Cyprus has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.