| Online Broker | Minimum Deposit | Trading Platforms | Markets | Aboiut |
|---|---|---|---|---|
| Dukascopy | $1000 Minimum Deposit | MT4, JForex Trading Platforms | 1000+ Markets To Trade | Dukascopy Bank allows a wide range of trading styles on MT4 and MT5, utilising its SWFX ECN About |
| FXPRIMUS | $15 Minimum Deposit | MT4, MT5, cTrader Trading Platforms | 1000+ Markets To Trade | FXPRIMUS offers automated trading on MT4, MT5 and cTrader, provides a Cent accoiunt with low minimum trade sies and utilises data centers for low latency order transmission About |
Dukascopy Bank vs FXPRIMUS Comparison
These brokers each offer MetaTrader 4 (MT4). FXPRIMUS additionally provides MetaTrader 5 (MT5), the successor to MT4, along with cTrader, while Dukascopy Bank additionally offers JForex. FXPRIMUS has a Cent account, with low minimum trade sizes.
On MT4 and MT5 trading robots are called Expert Advisors (EAs). EAs are computer programs which execute trades on behalf of the trader in accordance with the rules specified in their algorithm. Traders can use EAs already built, can modify them and build their own in the MQL4 programming language.
MT4 and MT5 can be used by traders who execute their own trades and there is an extensive online network supporting the platform. While this platform has a range of technical indicators built into the platform, there is also the capacity to download more, modify and build them. cTrader is a user friendly platform with automated trading, which utilises robots called cBots. JForex also supports the use of automated trading strategies based on the Java language, and also supports traders who execute their own trades. JForex has a relatively large number of technical indicators built into the platform.
Technical indicators have a potential significance for both automated and non-automated traders as they provide a basis for traders making their own trading decisions and for robots to trade as well. This link between automated and non-automated trading shows how they may be combined, with traders working out or trying out strategies then using or creating their codified versions. FXPRIMUS has a considerably lower minimum deposit, of $100.
Dukascopy Bank is regulated by the FINMA in Switzerland.
FXPRIMUS is regulated by the CySEC in Cyprus, the VFSC in Vanuatu and the FSCA in South Africa.
Quick comparison
Both brokers offer MT4. FXPRIMUS additionally provides cTrader, while Dukascopy Bank also provides JForex. FXPRIMUS has a Cent account.
Minimum deposit and account types
The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for FXPRIMUS is $15.
- Dukascopy Bank offers an account type with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy Bank provides webinars through the JForex 3 platform. Dukascopy Bank offers 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. Market News, Research and Trading Tools including an Economic Calendar as well as Videos and Webinars are available on Dukascopy Bank's website.
- FXPRIMUS offers its PrimusCENT, PrimusCLASSIC, PrimusPRO and PrimusZERO accounts. The PRIMUSCent and PRIMUSClassic accounts have a minimum deposit of $15. The PrimusPRO account has a minimum deposit of $500 and the PRIMUSZero account has a minimum deposit of $1000. The PrimusPRO and PrimusZERO accounts have commission charges, and the PrimusZERO account offers spreads 0, plus commission. FXPRIMUS provides traders education, an economic calendar and trading tools for all its clients. The minimum trade size is 0.0001 lots.
Markets
- Dukascopy Bank offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs, Bonds and Soft Commodities, with 1000+ available.
- FXPRIMUS offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 1000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXPRIMUS Broker | MT4, MT5, cTrader Trading Platforms | FXPRIMUS offers automated trading on MT4, MT5 and cTrader, utilising data centers for low latency order transmission, and provides a Cent account Description |
| Dukascopy Bank Broker | MT4, JForex Trading Platforms | Dukascopy Bank allows a wide range of trading styles on MT4 and JForex, including automated trading and scalping Description |
Cryptocurrency CFDs
- Dukascopy Bank offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, EOS, Uniswap, Polygon, Cardano, Chainlink, Dashcoin, TRON, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.
- FXPRIMUS offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Satoshi and IOTA CFDs.
Spreads and leverage
- Both brokers can offer low Forex spreads plus a commission charge. FXPRIMUS can offer Forex spreads from 1.5 without a commission charge.
Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for FXPRIMUS (VFSC regulated) is 1000:1.
Commissions
- 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.
- FXPRIMUS charges a commission of $5 per lot round trip on its PrimusZERO Account and $8 (MT5) and $10 (MT4) round trip on its PrimusPRO account.
Online Trading Platforms
Dukascopy Bank provides MT4 and JForex. FXPRIMUS offers MT4, MT5 and cTrader.
Why Dukascopy Bank or FXPRIMUS ?
Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5 (the successor to MT4) can find this platform at FXPRIMUS. Traders who want to trade on cTrader can do so at FXPRIMUS. Traders who want to trade on JForex, can find this platform at Dukascopy Bank. Traders who want to trade on a Cent account, with low minimum trade sizes, can find one at FXPRIMUS.
Comparison summary
- Both offer CFD trading
- Each provides MT4
- FXPRIMUS additionally offers MT5
- Dukascopy Bank additionally provides JForex
- FXPRIMUS has a Cent account and a lower minimum deposit
