AvaTrade vs Dukascopy Bank - Compare Trading Brokers

AvaTrade vs Dukascopy Bank | Brokerage Comparison

AvaTrade vs Dukascopy Bank Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$1000MT4, JForex500+FINMA

AvaTrade vs Dukascopy Bank Comparison

These brokers each offer MetaTrader 4 (MT4). AvaTrade has a wider range and greater number of markets on MT4 than Dukascopy Bank (including FX Options which it provides on a separate platform, and spread betting in the UK in addition to CFD trading). However, Dukascopy Bank's main platform is JForex, on which it has more markets to trade.

At both brokers traders can use, modify and build Expert Advisors (EAs). EAs are automated trading strategies available on MT4. JForex (at Dukascopy Bank) also allows the trader to run automated trading strategies (which are built in a different programming language).

Dukascopy Bank offers ECN trading, operating its SWFX Marketplace ECN and can let traders trade directly into the market if they wish.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

Dukascopy Bank is regulated by the FINMA in Switzerland.

Quick comparison

Both brokers offer MT4, though Dukascopy Bank is an MT4 ECN broker. Dukascopy Bank additionally provides JForex (also for ECN trading), while AvaTrade offers FX Options trading on AvaOptions.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for Dukascopy Bank is $1000.

  • AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading. EAs and scalping are allowed at AvaTrade.
  • Dukascopy Bank offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy Bank offers 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).

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryptocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, ETFs, Bonds and Options, with 200+ available.
  • Dukascopy Bank offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank offers Forex, Gold and Silver with 40+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Bitcoin Gold and Stellar.
  • Dukascopy Bank offers Bitcoin and Ethereum.

Spreads and leverage

  • Dukascopy Bank can offer low Forex spreads plus a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1.

Online trading platforms

AvaTrade offers MT4 and AvaOptions as well as apps. Dukascopy Bank provides MT4 and JForex and apps.

Why AvaTrade or Dukascopy Bank ?

Both brokers let the trader trade with EAs on MT4, though AvaTrade has a wider range of markets to trade. Dukascopy Bank additionally offers automated trading on JForex. Both MT4 and JForex can be used by traders who execute their own trades, and JForex has a relatively large number of technical indicators built into the platform.

Comparison summary

  • Both provide CFD trading
  • Dukascopy Bank offers ECN trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Each provides MT4
  • Dukascopy Bank additionally offers JForex
  • AvaTrade also provides FX Options trading on AvaOptions

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