BlackBull vs Dukascopy Bank - Online Brokerage Comparison

BlackBull vs Dukascopy Bank | ECN Broker Comparison

BlackBull vs Dukascopy Bank Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$1000MT4, JForex500+

BlackBull vs Dukascopy Bank Comparison

Both offer ECN trading. Dukascopy Bank has a higher minimum deposit than BlackBull ($1000 vs $200) however to trade on BlackBull's ECN account which charges commissions (as Dukascopy Bank does) requires a minimum deposit of $2000.

Both provides MetaTrader 4 (MT4), and allow the trader (and support this via an ECN environment) to use automated trading with online trading robots. Traders can use MT4's robots (Expert Advisors) at both brokers.

Dukascopy Bank's main platform is JForex on which it offers the bulk of its market (meaning that BlackBull has a wider range, but a similar number of markets on MT4). JForex also support robots and like MT4 the trader can build them if they wish, though with a different language from MT4.

Quick comparison

Both offer MT4. Dukascopy Bank also provides JForex, on which it can offer considerably more and a wider range of markets to trade.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for Dukascopy Bank is $1000.

  • BlackBull offers an ECN Standard account with a minimum deposit of $200 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. The minimum trade size is 0.01 lots. BlackBull offers Trading Education, Market Analysis and an Economic Calendar on its website.
  • BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions.
  • Dukascopy Bank offers an 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

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • Dukascopy Bank offers Forex, Indices, Energy, Cryptocurrencies, Precious Metals, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • Dukascopy Bank offers Bitcoin and Ethereum.

Spreads and leverage

  • BlackBull and Dukascopy Bank can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for Dukascopy Bank is 200:1.

Commission charge

  • BlackBull does not charge a commission on its ECN Standard account and charges commission of $3 per standard lot per side ($30 per million US per side) on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • 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.

Platforms

Both provide MT4. Dukascopy Bank additionally offers JForex.

Why BlackBull or Dukascopy Bank ?

As each offers ECN trading and MT4, traders can trade with automated trading strategies on both (i.e. MT4's Expert Advisors). Dukascopy also provides JForex, which has 500+ markets on it and allows the trader to execute and build robots, like MT4, but with a different language. On MT4 they offer a similar number of markets, though BlackBull has a wider range.

Comparison summary

  • Both provide CFD trading
  • Each has ECN trading
  • Both offer MT4
  • Dukascopy Bank additionally provides JForex
  • On JForex, Dukascopy Bank has a larger number and wider range of markets to trade

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