Dukascopy Bank vs FXGiants - Compare Trading Brokers

Dukascopy Bank vs FXGiants | Online Brokerage Comparison

Dukascopy Bank vs FXGiants Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$100MT4200+FCA, ASIC

Dukascopy Bank vs FXGiants Comparison

These brokers each offer MetaTrader 4 (MT4) though FXGiants has more markets and a wider range on this platform. Both allow the trader to use automated trading strategies. Dukascopy Bank provides JForex, on which it has more markets to trade than FXGiants (500+ vs 200+).

FXGiants offers STP/ECN accounts along with a Premium and Micro account, while Dukascopy Bank's trading is built around the SWFX Marketplace ECN which it operates. This means traders can trade directly into the market if they wish.

Dukascopy Bank is regulated by the FINMA in Switzerland. FXGiants is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT4, though Dukascopy Bank has the bulk of its markets on JForex.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for FXGiants 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 Bank 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 Bank's website.
  • FXGiants offers CFD trading on five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. The minimum deposit is $100 for the Micro account, $500 for the 0 Fixed spread, STP/ECN No Commission and STP/ECN 0 Spread accounts and $2,500 for the Premium account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The minimum trade size is 0.01 lots except for the Premium account where it is 0.1 lots.
  • FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offer variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.

Markets

  • On JForex, Dukascopy Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.
  • On MT4, FXGiants offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.

Dukascopy Bank provides 60+ Forex pairs (On JForex), FXGiants provides 80+ Forex pairs (on MT4).

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.
  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. FXGiants also offers Forex spreads from 1.1 without a commission charge.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for FXGiants (ASIC regulated) is 500:1. Maximum leverage for FXGiants (FCA regulated) is .

Trading Platforms

Both brokers offer MT4. Dukascopy Bank additionally provides JForex.

Why Dukascopy Bank or FXGiants ?

FXGiants offers some accounts which are STP/ECN (which is to say that orders are processed by an algorithm - STP) via an ECN which connects to liquidity. Dukascopy Bank is in the class of what is described as 'true ECN', in that is operates its own ECN, consisting of multiple sources of liquidity. So traders can trade directly into the market if they wish. Both brokers allow the use of Expert Advisors (EAs) on MT4. These are online trading robots which execute trading strategies on behalf of the trader. Dukascopy Bank has the bulk of its markets on JForex, a platform which allows the trader to run and build robots (like MT4, but using a different programming language, based on Java). JForex also has a relatively large number of technical indicators inbuilt into the platform, which traders who trade using non-automated methods may appreciate.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • FXGiants has more market on MT4
  • Dukascopy Bank also provides JForex
  • Dukascopy Bank has more markets overall, on JForex
  • FXGiants has a lower minimum deposit
  • Dukascopy Bank operates its SWFX Marketplace ECN

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