AAAFx vs Dukascopy Bank - Compare Trading Brokers

AAAFx vs Dukascopy Bank | ECN Broker Comparison

AAAFx vs Dukascopy Bank Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP Web Trader55+HCMC
$1000MT4, JForex500+FINMA

AAAFx vs Dukascopy Bank Comparison

Both offer MT4 ECN trading, though AAAFx has a wider range of markets on this platform. AAAFx also provides a web trader, ZTP.

Dukascopy Bank offers JForex on which it can provide more markets than AAAFx. MT4, JForex and ZTP let the trader run online trading robots, which execute trading strategies on behalf of the trader.

AAAFx is regulated by the HCM in Greece. Dukascopy Bank is regulated by the FINMA in Switzerland.

Quick comparison

Each offers MT4. AAAFx also provides ZTP while Dukascopy Bank offers JForex. AAAFx has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for AAAFx is $300. The minimum deposit for Dukascopy Bank is $1000.

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges. The minimum trade size is 0.01 lots. AAAFx offers support for social and copy trading via ZuluTrade.
  • Dukascopy Bank offers a CFD trading account type with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy Bank provides webinars through the JForex 3 platform. Dukascopy Bank offers traders access to the Swiss Foreign Exchange Marketplace liquidity pools, which it operates. The minimum trade size is 0.01 standard lots (1000 units). Dukascopy Bank does not restrict trading styles. Market News, Research and Trading Tools including an Economic Calendar as well as Videos and Webinars are available on Dukascopy Bank's website.

Markets

  • AAAFx offers Forex, Indices, Energy, Metals, Cryptocurrencies and Bonds, with 55+ available.
  • Dukascopy Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.

Cryptocurrency CFDs

  • AAAFx offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • Dukascopy Bank offers Bitcoin and Ethereum.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge.

Maximum leverage for AAAFx (HCMC regulated) is . Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1.

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • Dukascopy Bank charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy Bank commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy Bank commissions range from $52.5 per million USD per side, to $15 per million USD per side.

Trading Platforms

Both offer MT4. AAFX additionally provides the ZTP web trader, while Dukascopy additionally offers JForex.

Why AAAFx or Dukascopy Bank ?

Automated traders can make use of all these trading platforms offered, namely MT4 (at both), ZTP (at AAAFx) and JForex (at Dukascopy Bank). AAAFx has a wider range of markets on MT4, but Dukascopy Bank has a wider range overall, on JForex.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • AAAFx also offers the ZTP web trader
  • Dukascopy Bank provides JForex (downloaded and as a web trader)
  • On MT4, AAAFx has a wider range of markets
  • On JForex, Dukascopy Bank offers a wider range overall

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