Dukascopy Bank vs FXCC - Online Brokerage Comparison

Dukascopy Bank vs FXCC | Compare Trading Brokers

Dukascopy Bank vs FXCC Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$1000MT4, JForex500+FINMA
$100MT445+CySEC

Dukascopy Bank vs FXCC Comparison

Both offer ECN trading. Dukascopy Bank operates the SWFX Marketplace to which it gives traders access. Both have a commission charge for ECN trading. However FXCC also has an account which can offer ECN spreads without a commission charge (though with account size restrictions).

Both offer MT4 though Dukascopy Bank additionally provides JForex. Dukascopy can offer considerably more markets to trade than FXCC (500+ vs 45+) and has wider range of markets on offer, when JForex is considered, however they have a similar number of markets when MT4 is considered and in fact FXCC has a wider range.

FXCC has a lower minimum deposit than Dukascopy Bank ($100 vs $1000). Dukascopy Bank is regulated by the FINMA in Switzerland. FXCC is regulated by the CySEC in Cyprus.

Quick comparison

Both offer MT4 while Dukascopy Bank additionally provides JForex and both allow automated and non-automated trading.

Minimum deposit and key account features

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for FXCC is $100.

  • Dukascopy Bank offers an account type, but with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy Bank 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 Bank does not restrict trading styles. Markets news and a calendar are available on Dukascopy's website.
  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. All accounts welcome Scalpers, allow hedging and EAs, provide live news updates, technical analysis, trading tools and an economic calendar on the FXCC website, and offer a personal account manager. All account types have a minimum order size of 0.01 lots.
  • FXCC's ECN Standard account has a minimum deposit of $100, the ECN XL account has a minimum deposit of $500 and the ECN Advanced account has a minimum deposit of $100,000. All accounts charge commissions, except for the ECN XL account which does not charge commissions for deposits less than or equal to $10,000. The ECN Advanced account offers more Forex pairs and also offers Indices.

Markets

  • Dukascopy Bank offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available on JForex. On MT4, Dukascopy Bank offers 40+ Forex pairs.
  • On MT4, FXCC offers Forex, Indices and Precious Metals on the ECN Advanced account, with 45+ available. On the ECN Standard and the ECN XL account, FXCC provides Forex and Precious Metals, with 25+ available.

Dukascopy Bank provides 60+ Forex pairs, FXCC provided 25+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.

Leverage

  • Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for FXCC (CySEC regulated) is .

Commission charges

  • Dukascopy Bank charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy Bank commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy Bank commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • For deposits of less than or equal to $10,000, FXCC's ECN XL account does not charge commissions and for deposits greater than $10,000 the ECN XL account charges commissions of 0.3 pips per lot per side.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.

Online trading platforms

Both offer MT4. Dukascopy Bank additionally provides JForex.

Why Dukascopy Bank or FXCC ?

For traders who wish to trade using EAs on MT4, then FXCC offer somewhat more markets and a wider range. For traders who wish to apply automated trading in general, Dukascopy Bank offers considerably more markets and a wider range on JForex. Traders who wish to trade at their own discretion and not use robots, can use either broker and make use of their ECN trading environments. Both brokers can offer accounts which may provide low Forex spreads, plus a commission charge but FXCC does offer an account which offers ECN caliber spreads without a commission charge, though there are restrictions on the account size.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • Dukascopy Bank additionally offers JForex
  • On JForex, Dukascopy Bank provides more markets to trade and a wider range
  • On MT4, FXCC has more markets and a wider range
  • FXCC can offer an account with ECN spreads, without a commission charge
  • Dukascopy Bank operates the SWFX Marketplace to which it provides traders access
  • Dukascopy Bank is FINMA regulated, FXCC is CySEC regulated

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