Dukascopy Bank vs FXPRIMUS - ECN Broker Comparison

Dukascopy Bank vs FXPRIMUS | Online Brokerage Comparison

Dukascopy Bank vs FXPRIMUS Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$100MT4120+CySEC, FSCA, VFSC

Dukascopy Bank vs FXPRIMUS Comparison

These brokers each offer MetaTrader 4 (MT4) trading. Both provide ECN trading and allow the trader to use automated trading strategies. On MT4 these 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 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.

Dukascopy Bank offers MT4 trading in Forex pairs, but FXPRIMUS has a wider range of markets on this platform. However Dukascopy Bank additionally provides JForex. This platform also supports the use of automated trading strategies but 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 for its Variable account ($100 vs $1000), though for ECN trading FXPRIMUS has a minimum deposit of $500.

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, though FXPRIMUS has a wider range of markets on this platform. Dukascopy Bank also provides JForex, and offers more markets overall and a wider range.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for FXPRIMUS is $100 (the minimum deposit for an ECN account is $500).

  • 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 a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers Traders Education, an Economic Calendar and Trading Tools for all its clients. The Standard, Premium and VIP accounts offer extra features. The minimum trade size is 0.01 lots.

Markets

  • Dukascopy Bank offers Forex, Indices, Energy, Precious Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.
  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. FXPRIMUS can offer Forex spreads from 1.6 without a commission charge.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for FXPRIMUS (VFSC regulated) is 500:1.

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 per side on its ECN Premium Account.

Platforms

Dukascopy Bank provides MT4 and JForex. FXPRIMUS offers MT4.

Why Dukascopy Bank or FXPRIMUS ?

Traders who want to trade on MT4 using automated or non-automated strategies can do so at either broker, though FXPRIMUS has a wider range of markets on this platform. Dukascopy Bank additionally provides JForex. JForex lets the trader use robots and also to trade at their own discretion. On JForex, Dukascopy Bank has a wider range of markets and greater total, and indeed has a relatively large number of markets for an ECN broker. Dukascopy Bank operates its SWFX Marketplace ECN and lets the trader trade directly into the market if they wish.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • FXPRIMUS has a wider range of markets on MT4
  • Dukascopy Bank additionally provides JForex
  • On JForex, Dukascopy Bank has a wider range of markets overall

Search this site

Translate