Compare Dukascopy vs USGFX - Online Brokerage Comparison

Compare Dukascopy vs USGFX

Dukascopy vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$100MT4, MT560+ASIC

Dukascopy vs USGFX Comparison

These broker each support automated trading and trading where the trader makes their own trading decisions. Dukascopy offers more markets to trade than USGFX.

USGFX provides MT4 and MT5. Dukascopy offers MT4 and JForex. JForex is a platform which allows automated trading with robots, but additionally has a relatively user friendly interface and a large number of technical indicators, thus making it of interest to traders who execute their own trades.

Dukascopy EU is regulated by the FCMC in Latvia. USGFX is regulated by the ASIC in Australia.

ECN conditions

Both have no dealing desk intervention. Thus all trading styles are allowed, including scalping, news trading and automated strategies (like robots). Dukascopy gives clients the possibility to place bid/ask orders directly on the market (i,.e. to act as liquidity providers) and thus not have to pay a spread.

Quick comparison

Dsukacopy offers ECN trading, while USGFX provides STP/ECN trading. Dukascopy offers MT4 and JForex 3, and USGFX provides MT4 and MT5.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for USGFX 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. Markets news and a calendar are available on Dukascopy's website.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • Dukascopy offers Forex, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities and Stocks, with 500+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Dukascopy provides 60+ Forex pairs, USGFX provides 20+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • USGFX offers Bitcoin.

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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Maximum leverage for Dukascopy EU is . Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

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.
  • USGFX does not charge commissions for Forex or Precious Metals. For CFDs, it charges a commission of $5 per lot per side.

Online trading platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. USGFX offers MT4 and MT5 desktop and a web trader based on MT4.

Why Dukascopy or USGFX ?

Traders who want to trade on MT4 may do so at either broker. Those who wish to trade on MT5 (the successor to MT4) can find this platform at USGFX. At Dukascopy traders may trade on JForex, which is a platform with a relatively large number of technical indicators, support for automated trading and more markets to trade. Traders may use EAs at either broker (on MT4 at both, and MT5 at USGFX).

Comparison summary

  • Both provide ECN trading
  • USGFX does not charge commissions for Forex, the cost is included as the spread
  • USGFX charges a commission for CFDs
  • Dukascopy charges a commission for Forex and other markets, offering low ECN spreads
  • Dukascopy offers more direct access trading
  • Neither restricts trading styles
  • USGFX offers MT4 and MT5
  • Dukascopy offers MT4 and JForex
  • Dukascopy has more markets available
  • Both provide Bitcoin CFDs
  • Dukascopy has Stocks CFDs

Search this site

Translate