Dukascopy vs XM Comparison - Online Brokerage Comparison

Compare Dukascopy vs XM

Dukascopy versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$5MT4, MT51000+ASIC, CySEC, IFSC

Dukascopy and XM Comparison

Dukascopy provides ECN trading, offering traders access to the Swiss FX Marketplace. As such it offers MT4 and JForex 3, low spreads, charges a commission and allows all trading styles. XM CySEC regulated does offer the XM Zero account with low spreads plus a commission charge but has a range of other account types which do not charge commissions, including a cent account which has very small trade sizes.

Dukascopy offers MT4 and JForex 3. XM provides MT4 and MT5. XM has more individual markets to trade overall. Dukascopy provides a relatively large number for an ECN broker (500+ markets), though XM offers a relatively large number for an MT5 broker (1000+ markets).

Dukascopy EU is regulated by the FCMC in Latvia, while XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

Dukascopy provides ECN trading on MT4 and JForex 3. XM offers a range of account types including a cent account, on MT4 and MT5. On MT5, XM can offer more markets to trade than Dukascopy.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for XM is £/$5.

  • Dukascopy offers one account type, which allows micro lot trading (0.01 lots). A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available. The minimum trade size is 0.0001 lots.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • XM offers Forex, Indices, Energy, Metals and Soft Commodities, with 100+ available on MT4. 1000+ are available on MT5 as it also provides Cryptocurrencies and Stocks CFDs.

Dukascopy provides 60+ Forex pairs, XM offers 60+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • XM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

  • Spreads at Dukascopy are variable. The minimum EUR/USD spread is 0.1 (average 0.2), the minimum spread for UK100 is 1, the minimum spread for Gold is 0.10 and the minimum spread for US Crude Oil is 0.02.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.40 for Gold and 0.05 for US Crude Oil. The Ultra Low account has EUR/USD spreads from 0.6.
  • For the XM Zero account, spreads have a low of 0 for EUR/USD, plus commission. On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for Dukascopy EU is . Maximum leverage for XM (CySEC 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.
  • The XM Zero account charges commission of $3.5 per lot per side (for Forex and Gold and Silver).

Online trading platforms

Dukascopy provides MT4 and JForex, available on desktop, tablet and mobile and JForex Web. XM offers MT4 for download and an MT4 webtrader. XM offers MT5 for download and an MT5 webtrader.

Very quick comparison

ECN MT4 and JForex (Dukascopy) VS MT4 and MT5 with a range of accounts including a cent account (XM).

Why Dukascopy EU or XM ?

Traders who want to trade a relatively large number of markets, including Stocks CFDs with an ECN broker may do so at Dukascopy. Traders who want to trade a relatively large number of markets on MT5, may do so at XM. For those who want to trade at a broker with a very low minimum deposit and low trade sizes, XM offers a minimum deposit of $5 and a cent account.

Comparison summary

  • Dukascopy provides ECN trading
  • XM has a range of account type, including a cent account
  • Dukascopy offers JForex 3, XM offers MT5
  • Both provide MT4
  • Both brokers offer a competitive commission charge, though Dukascopy has a lower minimum one
  • Dukascopy and XM provide a range of markets, including Stocks CFDs
  • Dukascopy offers Stocks CFDs on JForex
  • XM provides Stocks CFDs on MT5
  • XM has a relatively low minimum deposit
  • For trading with a commission charge and low spreads, both have the same minimum deposit

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