Compare Dukascopy vs eToro - CFD Broker Comparison

Compare Dukascopy vs eToro

Dukascopy vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$200Web Trader & Apps1000+FCA, CySEC, ASIC

Dukascopy and eToro Comparison

Dukascopy is an ECN provider. It offers access to the Swiss FX Marketplace. What is this ? This is a pool of liquidity providers. Orders are sent directly to this market, via Dukascopy (which charges a commission). The advantage can be a) speed improvement and b) multiple liquidity providers being available, helping to give lower spreads. So Dukascopy is about high speed ECN caliber performance, with no trading restrictions at all.

eToro has a different approach. It offers, on a user friendly trading platform, access to its network of traders. That is, it allows the trader to connect with other traders and automate their trading to the extent of copying their trades. It also allows thematic investing, where the trader chooses to invest in themes (like cryptocurrencies).

Of course Dukascopy allows and support automated trading, but trading using computer programs, or robots. To support both automated and discretionary trading, Dukascopy provides MT4 and JForex 3, an advanced ECN friendly trading platform. JForex is a well designed platform with a wide array of technical indicators and other charting tools.

Both brokers are regulated. Dukascopy EU is regulated by the FCMC in Latvia. eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia.

So as to which broker to choose, it may depend on the style of trading used by the trader, but both support discretionary trading and in different ways, automated trading. Dukascopy may suit an advanced trader particularly those who use robots and scalp, but all traders can use MT4 and JForex (which has an interface similar to other platforms) and any style can be used there, with scope to expand. The commission charge is an additional charge added to the spread, so the cost can be comparable to a broker which does not charge commissions (but spreads + commissions at ECN brokers are usually very competitive). eToro has a particularly user friendly platform, with a range of ways to support a trader with information to help them in their trading journey and a range of products based around social trading.

Quick comparison

eToro offers social trading and copy trading on its web trader and apps. Dukascopy provides ECN trading on MT4 and JForex 3.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for eToro is $200.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • 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.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Bonds, with 1000+ available.

Cryptocurrencies

  • Dukascopy provides Bitcoin and Ethereum CFDs.
  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, Zcash, TRON and Binance Coin.

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.
  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.

Maximum leverage for Dukascopy EU is . Maximum leverage for eToro 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.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. eToro offers a web trader and apps on tablet and mobile.

Comparison summary

  • Dukascopy is an ECN broker
  • Dukascopy EU provides access to the Swiss FX Marketplace, operated by its parent company, Dukascopy Bank SA
  • Dukascopy EU is regulated in Latvia, Dukascopy Bank SA is regulated in Switzerland
  • eToro is a Social Investment Network
  • It offers a range of tools to enable social trading, thematic investing and copy trading
  • Thus eToro supports automated trading, based on the activities of other traders
  • Dukascopy providers high speed access to liquidity providers, with no dealing desk intervention
  • eToro does not charge Forex commissions, Dukascopy does
  • Dukascopy provides MT4 and JForex
  • Dukascopy allows all trading styles
  • eToro has more markets, but Dukascopy has a relatively large number for an ECN broker
  • Dukascopy is regulated by the FCMC, eToro is regulated by the FCA, the CySEC and the ASIC

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