Compare Dukascopy vs FXOpen - ECN Broker Comparison

Compare Dukascopy vs FXOpen

Dukascopy versus FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$300MT465+FCA, ASIC, FSRC

Dukascopy and FXOpen Comparison

FXOpen and Dukascopy are both ECN brokers, offering access for traders to liquidity prvoiders, with a commission charge added. FXOpen also offers an STP account, which does not charge commissions (and has higher spreads) and a Crypto account.

Dukascopy offers MT4 and JForex3, while FXOpen offers MT4. Dukascopy EU is regulated by the FCMC in Latvia, while FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

ECN conditions

Both Dukascopy and FXOpen combine liquidity, to offer low spreads, plus a commission charge. Dukascopy Bank SA (of which Dukascopy EU is a subsidiary) operates the Swiss FX Marketplace (which is a centralised marketplace composed of decentralised combined liquidity from the Interbank market). FXOpen uses Equinix's NY Data Centre, co-located with Interbank liquidity providers.

These are each no dealing desk and neither restricts trading styles, thus news trading, scalping and automated trading is allowed.

Quick comparison

Both offer ECN trading. Dukascopy offers MT4 and JForex 3, while FXOpen provides MT4.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for FXOpen is €/$300 or £200.

  • 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 news and a calendar are available on Dukascopy's website.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen offers Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

Dukascopy provides 60+ Forex pairs, FXOpen offers 45+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • 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.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

Maximum leverage for Dukascopy EU is . Maximum leverage for FXOpen (FCA regulated) is .

Commissions

  • 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.
  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. FXOpen offers MT4 desktop, MT4 apps and an MT4 web trader.

Comparison summary

  • The are both ECN brokers
  • Both charge commissions for instruments on their ECN accounts
  • FXOpen also has an STP account, with no commission charge
  • FXOpen offers Cryptocurrencies
  • Dukascopy provides Stocks CFDs, and has more total markets
  • Each provides webtraders
  • Dukascopy offers MT4 and JForex 3, FXOpen provides MT4

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