Compare City Index vs Dukascopy - Online Brokerage Comparison

Compare City Index vs Dukascopy

City Index versus Dukascopy Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, AT Pro, Web Trader, Advantage Web12,000+FCA, MAS, ASIC
$100MT4, JForex 3500+FCMC

City Index and Dukascopy Comparison

Dukascopy offers direct market access to the Swiss FX Marketplace pools of liquidity. City Index is a broker which offers CFD trading and spread betting. As an ECN provider, Dukascopy can offer low spreads plus a commission charge. City Index does not charge commissions for Forex, but can offer tight Forex spreads.

Each supports both discretionary and automated trading. Dukascopy provides JForex 3 and MT4 which offer support for automated trading, while City Index offers two web traders, MT4 and the downloadable AT Pro platform. The AT Pro platform is for advanced users and provides support for building trading signals.

As an ECN provider, Dukascopy does not restrict trading styles and can provide high speed order execution. City Index can offer fast order execution, on MT4. City Index can offer more individual markets to trade than Dukascopy. City Index is regulated by the FCA in the United Kingdom, ASIC in Australia and the MAS in Singapore. Dukascopy EU is regulated by the FCMC in Latvia.

Quick comparison

Dukascopy provides ECN trading on JForex 3 and MT4, offering CFD trading. City Index provides a range of platforms, offering CFD trading and in the UK spread betting. On its web traders and AT Pro, City Index can offer many more markets. Dukascopy has a relatively large number of markets for an ECN provider.

Minimum deposit and account types

The minimum deposit for City Index is £100. City Index does not have a minimum deposit.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy, with video tutorials and courses. Micro lot trading is available on MT4 (as well as EAs).
  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides 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 does not restrict trading styles.

Markets

  • City Index offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, Bonds, ETFs, Options, IPOs and Interest Rates, with 12,000+ available. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.
  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.

City Index provides 80+ Forex pairs. Dukascopy provides 60+ Forex pairs.

Cryptocurrency CFDs

  • City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • Dukascopy offers Bitcoin and Ethereum.

Spreads and leverage

  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • Spreads at Dukascopy are variable and are from 0.1 for EUR/USD (with an average of 0.2), 1 for UK100, 0.10 for Gold and 0.02 for US Crude Oil, plus a commission charge.

The Maximum leverage for City Index (FCA regulated) is . The maximum leverage for Dukascopy EU is .

Commissions

  • City Index does not charge commissions, except for Shares.
  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. City Index offers MT4, two web trading platforms (Advantage Web and Web Trader) and AT Pro.

Comparison summary

  • Dukascopy provides ECN access and CFD trading
  • City Index provides CFD trading and spread betting
  • City Index offers tight variable CFD and spread betting spreads
  • Dukascopy provides low spreads plus a commission charge
  • City Index offers MT4, two web traders and AT Pro
  • Dukascopy provides MT4 and JForex 3

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