Dukascopy Bank vs Plus500 - Trading Brokers Comparison

Dukascopy Bank vs Plus500 | Online Brokerage Comparison

Dukascopy Bank vs Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$1000MT4, JForex500+FINMA
$100Web Trader, Downloaded Platform, Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE

Dukascopy Bank vs Plus500 Comparison

Dukascopy Bank is an ECN broker. In fact it operates its own marketplace of liquidity called the SWFX Marketplace. It places no restrictions on trading styles and lets traders trade directly into the marketplace if they wish. For an ECN broker, it has a relatively large offering of markets, at 500+. To trade, it provides JForex and MT4. Plus500 is a different kind of broker. Like Dukascopy Bank it offers CFD trading, but provides more (2000+). It also has a wider range of markets (with depth across categories such as Commodities and Indices CFDs). Plus500 gives traders a particularly accessible web trader and apps (the apps include a desktop download of the platform). So Dukascopy provides features for traders who trade using automated trading strategies - robots, though traders who trade at their own discretion can also use JForex and MT4 (JForex has a large number of technical indicators inbuilt into the platform). Plus500 offers features to suit traders who trade at their own discretion, via the web trader and range and depth of market offering.

Quick comparison

Dukascopy Bank provides an offering potentially condusive to traders who trade with robots (and also supports discrectionary trading), while Plus500 provides an offering potentially condusive to traders who trade at their own discretion.

Minimum deposit and key account features

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for Plus500 is $/€/£100.

  • 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.
  • Plus500 offers an Economic Calendar on its website covering news events and potential market effects of this news.

Markets

  • Dukascopy offers Forex, Metals, Indices, Energy, Stocks and Cryptocurrencies and Agricultural Commodities, with 500+ available.
  • Plus500 offers CFD trading in Forex, Metals, Indices, Energy, Stocks, Cryptocurrencies, Agricultural Commodities, Stocks, ETFs and Options, with 2000+ available.

Dukascopy Bank provides 60+ Forex pairs, Plus500 provides 55+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.
  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, IOTA, NEO, Monero, Stellar, Cardano and TRON CFDs.

Leverage

Maximum leverage for Dukascopy Bank is 200:1. Maximum leverage for Plus500 is 1:300. Leverage levels vary between Plus500 regulated subsidiaries according to relevant regulatory requirements. For example, UK residents registered for a trading account with Plus500UK Ltd will be offered max leverage up to 1:30. More information about the leverage offered per instrument can be found at www.plus500.com.

Platforms

Plus500 offers a web trader and apps including a desktop download. Dukascopy Bank offers MT4 and JForex (including a desktop web trader for JForex as well as desktop downloads for MT4 and JForex and other apps).

Why Dukascopy Bank or Plus500 ?

On the face of it, these brokers have significant differences. Dukascopy Bank is an ECN broker which offers no trading restrictions, no dealing desk intervention and the capacity for traders to trade directly into the market if they wish. To enable this for the trader, it provides JForex and MT4. Dukascopy Bank supports automated trading with robots (and copy trading) as well as trading by humans who make their own trading decisions. Plus500 is a broker which arguably makes a particular effort to accommodate the discretionary trader, who makes their own trading decisions, by offering a clear accessible platform across a range of devices. It has 2000+ markets and a solid range within categories.

Comparison summary

  • Both offer CFD trading
  • Plus500 has more markets (2000+ vs 500+)
  • Dukascopy Bank has a relatively large number of markets for an ECN broker
  • Plus500 has a clear intuitive trading platform
  • Dukascopy offers JForex and MT4, supporting automated trading

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