Compare Dukascopy vs UFX - CFD Broker Comparison

Compare Dukascopy vs UFX

Dukascopy versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$100MT4, 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 manual and automated trading, to access its ECN Marketplace. UFX provides ParagonEx which is a platform that supports crowd trading, where the behavior of traders (the crowd) is referenced to market events in a news feed.

Thus Dukascopy can offer low ECN spreads with a commission charge, while UFX provides trading with data fro 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 MT4 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 have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4. 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, Cryptocurrencies, Soft Commodities and Metals, with 500+ available.
  • UFX offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities, Precious Metals and ETFs, with 475+ available.

Dukascopy provides 60+ Forex pairs, UFX offers 45+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • UFX offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Ethereum Classic, Ripple, Monero, EOS, OmiseGO, Iota, Zcash, Aventus, QTUM, Neo, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

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 at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

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.

Platforms

Dukascopy provides JForex 3, JForex Web 3 and apps. UFX provides MT4, the ParagonEx platform and apps. These platforms are thus available on desktop, tablet and mobile.

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 MT4, but requires a higher minimum deposit to use it
  • Dukascopy can offer more markets to trade
  • UFX has a wider range, and provides Cryptocurrency CFDs
  • 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

Search this site

Translate