Compare Dukascopy vs UFX - CFD Broker Comparison

Compare Dukascopy vs UFX

Dukascopy versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$100MT5, Trade Interceptor450+CySEC

Dukascopy and UFX Comparison

Dukascopy provides access to the SWFX ECN in return for a commission charge. UFX does not charge commissions for its CFD trading, rather it provides fixed spreads, which can be more competitive with higher account types (i.e. requiring a higher minimum deposit).

Dukascopy offers MT4 and JForex 3, which is an advanced platform supporting both non-automated and automated trading, to access its ECN Marketplace. UFX provides ParagonEx which is a platform supporting crowd trading, where the behavior of traders (the crowd) is referenced to market events in a news feed, and additionally offers MT5.

Thus Dukascopy can offer low ECN spreads with a commission charge, while UFX provides trading with data from the crowd, to help inform the trader.

Dukascopy is regulated by the FCMC in Latvia, while UFX is regulated by the CySEC in Cyprus.

Quick comparison

Dukascopy provides ECN trading with the MT4 and JForex 3 platforms while UFX offers crowd trading and fixed spreads on ParagonEx, and additionally provides the MT5 platform.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for UFX 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.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • Dukascopy offers Forex, Indices, Energy, Stocks, Soft Commodities, Metals and Cryptocurrencies, with 500+ available.
  • UFX offers Forex, Indices, Energy, Stocks, Soft Commodities, Metals and ETFs, with 450+ available.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.

Spreads and leverage

Dukascopy can offer low Forex spreads plus a commission charge. UFX can additionally provide Forex spreads from 2 (fixed) without a commission charge.

Maximum leverage for Dukascopy EU is . Maximum leverage for UFX 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.
  • UFX does not charge commissions.

Online trading platforms

Dukascopy provides JForex 3, JForex Web 3 and apps. UFX provides MT5, the ParagonEx platform and apps. These platforms are thus available on desktop, tablet and mobile.

Why Dukascopy or UFX ?

Traders who want to trade with crowd trading information to help inform their trading can find a crowd trading news feed on UFX's ParagonEx platform (which is also user friendly). Traders who want to trade on MT4 may do so at Dukascopy. Traders who want to trade on MT5 can find this platform at UFX, though UFX has a higher minimum deposit for MetaTrader. Those who want to trade on a platform with a relatively large number of markets for an ECN broker and a wide range of technical indicators can find JForex at Dukascopy.

Comparison summary

  • Dukascopy offers ECN access
  • UFX is a fixed spread broker
  • Dukascopy supports automated trading with MT4 and JForex 3
  • UFX provides crowd trading with MassInsights on the ParagonEx platform
  • UFX offers MT5, but requires a higher minimum deposit to use it
  • Dukascopy can offer low spreads plus a commission charge
  • UFX provides fixed spreads which can be lower with account types requiring a higher minimum deposit

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