Compare Dukascopy vs RoboMarkets - Online Brokerage Comparison

Compare Dukascopy vs RoboMarkets

Dukascopy vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$100MT4, MT5, R Trader Web Trader11,000+CySEC

Dukascopy vs RoboMarkets Comparison

Both brokers offer MetaTrader 4 (MT4). RoboMarkets additionally provides MetaTrader 5 (MT5) which is the successor platform to MT4. Dukascopy offers JForex, which has a relatively large number of markets to trade for an ECN broker. Overall, RoboMarkets has more markets to trade on its R Trader platform. RoboMarkets offers ECN trading as well, and additionally provides a Cent account, which lets the trader trade with very small trade sizes.

Dukascopy EU is regulated by the FCMC in Latvia. RoboMarkets is regulated by the CySEC in Cyprus.

ECN conditions

Each allows scalping, news trading and automated trading. 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) and provides its traders access to it.

Quick comparison

Dukascopy is an ECN broker offering MT4 and JForex. RoboMarkets offers ECN trading and provides MT4 and MT5, with less markets than Dukascopy. RoboMarkets also provides R Trader, where it can offer more markets.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for RoboMarkets is $100.

  • 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.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying). RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • RoboMarkets offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and ETFs, for a total of 11,000+.

Dukascopy provides 60+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

Both brokers can offer low spreads plus a commission charge. RoboMarkets can additionally provide Forex spreads from 1.3 without a commission charge.

Maximum leverage for Dukascopy EU is . Maximum leverage for RoboMarkets (CySEC 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.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Online trading platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps and R Trader.

Why Dukascopy or RoboMarkets ?

Traders who wish to trade on MT4 can do so at either broker. Traders who want to trade on MT5 can do this at RoboMarkets. RoboMarkets offers a web trading platform which has a relatively large offering of markets to trade and also supports automated trading. Dukascopy's JForex has a relatively large number of markets for an ECN broker and also supports automated trading.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • RoboMarkets additionally offers MT5 and R Trader
  • On R Trader, RoboMarkets has more markets overall
  • Dukascopy additionally provides JForex
  • On JForex, Dukascopy offers a relatively large number of markets to trade for an ECN broker
  • RoboMarkets has a Cent account, providing low minimum trade sizes

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