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, Trade Interceptor200+FCA, ASIC

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, it offers the Trade Interceptor platform and MT4. For its ThinkZero account, it provides MT4.

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.

Quick comparison

Dukascopy offer ECN trading on MT4 and JForex 3. ThinkMarkets provides ECN trading on MT4. ThinkMarkets also offers Trade Interceptor. Dukascopy has more markets to trade. ThinkMarkets offers spread betting on MT4 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.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 200+ on offer.

Dukascopy provides 60+ Forex pairs, ThinkMarkets offers 30+ Forex pairs.

Cryptocurrencies

  • Dukascopy offers Bitcoin and Ethereum.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Monero, ETP, Iota, NEO, OmiseGO, and Zcash.

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 on ThinkMarkets can vary with account type and types of trading. Spread betting Standard spreads are variable and are from 0.8 for EUR/USD, with a target spread from 1 for UK100 and with an average spread of 0.20 for Gold and 0.04 for US Crude Oil.
  • ThinkMarkets CFD Standard spreads are variable and are from 0.4 for EUR/USD, with a target spread from 1 for UK100 and from 0.25 for Gold and 0.03 for US Crude Oil. On the ThinkZero account, Forex spreads can be as low as 0 with commissions of $3.5 per lot per side.

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.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. ThinkMarkets offers Trade Interceptor for its Standard account and MT4 for its ECN accounts. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • Both can offer Forex trading with low spreads plus a commission charge
  • ThinkMarkets also offers a Standard account with no commission charge
  • ThinkMarkets's Standard account provides Trade Interceptor and MT4
  • For ECN trading, ThinkMarkets offers MT4
  • For its ECN trading, Dukascopy provides MT4 and JForex 3
  • Dukascopy provides more individual markets
  • Dukascopy has a lower minimum deposit for ECN trading
  • ThinkMarkets offers spread betting in the UK on MT4

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