Compare Dukascopy vs ThinkMarkets - Online Brokerage Comparison

Compare Dukascopy vs ThinkMarkets

Dukascopy versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

Dukascopy and ThinkMarkets Comparison

Dukascopy provides ECN trading, in that it offers access to the SWFX Marketplace of liquidity pools to traders, in return for a commission charge. ThinkMarkets uses Equinix data centre infrastructure for all its accounts to provide access to liquidity providers, which include the ThinkZero account (this account charges commissions, the other accounts do not).

Both can provide low Forex spreads, plus a commission charge, but ThinkMarkets can also offer tight spreads without a commission charge. For its Standard account, ThinkMarkets offers the Trade Interceptor platform, MT4 and MT5. For its ThinkZero account, it provides MT4 and MT5.

Dukascopy offers MT4 and JForex 3, an advanced platform for both discretionary and automated trading. Thus Dukascopy can be seen as offering ECN trading, while ThinkMarkets also caters to traders who do not necessarily want this kind of trading. For its ThinkZero account, ThinkMarkets has a significantly higher minimum deposit than Dukascopy. But for its Standard account it has no minimum deposit requirement. ThinkMarkets provides both spread betting (in the UK) and CFD trading, while Dukascopy offers CFD trading.

Dukascopy is regulated by the FCMC in Latvia, while ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.

Quick comparison

Dukascopy offer trading on MT4 and JForex 3. ThinkMarkets provides trading on MT4, MT5 and Trader Interceptor. ThinkMarkets offers spread betting on MT4 and MT5 in the UK.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100 (for ECN trading). There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of $500 for the ThinkZero account.

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy 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).
  • ThinkMarkets offers both CFD trading and spread betting. It provides the Standard account and the ThinkZero account. An Islamic account is available. There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission. The minimum trade size is 0.01 lots.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 1000+ on offer.

Dukascopy provides 60+ Forex pairs, ThinkMarkets offers 40+ Forex pairs.

Cryptocurrencies

  • Dukascopy offers Bitcoin and Ethereum.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

Both brokers can offer low spreads plus a commission charge. ThinakMarkets can additionally provide Forex spreads from 0.4 without a commission charge.

Maximum leverage for Dukascopy EU is . Maximum leverage for ThinkMarkets (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.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per standard ($100,000) lot per side on the ThinkZero account.

Online trading platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. ThinkMarkets offers MT4, MT5 and Trade Interceptor and apps. These platforms are available on desktop, tablet and mobile.

Why Dukascopy or ThinkMarkets ?

Traders who want to trade CFDs on MT4 may do so at either broker. Traders who want to trade CFD on MT5 may do so at ThinkMarkets. In the UK, ThinkMarkets offers MT4 and MT5 spread betting. Traders who want to trade on a user friendly platform designed for traders who execute their own trades, can find Trade Interceptor at ThinkMarkets (for which it has no minimum deposit requirement). Those who wish to automate their trading can do so on MT4 at either broker, on MT5 at ThinkMarkets and on JForex at Dukascopy. JForex has a particularly large number of technical indicators and a relatively user friendly interface, thus can be used by non-automated traders as well.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets offer MT4 and MT5 spread betting
  • Both brokers provide MT4
  • ThinkMarkets additionally offers MT5 (and more markets to trade overall)
  • Dukascopy additionally provides JForex
  • Both allow automated and non-automated trading
  • Dukascopy's JForex offers a relatively large number of technical indicators

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