Dukascopy Bank vs Z.com Trade - Online Brokerage Comparison

Dukascopy Bank vs Z.com Trade | ECN Broker Comparison

Dukascopy Bank vs Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$50MT475+FCA

Dukascopy Bank vs Z.com Trade Comparison

These both offer ECN trading. Dukascopy Bank operates its SWFX Marketplace ECN. Z.com Trade locates its servers in Equinix data centers, making use of physical proximity and technologies such as fiber optical cables to ensure fast order processing. The market consists of interconnected providers of liquidity and both have a way to take advantage of centralism (i.e. their ECNs) on this decentralised liquidity structure.

Both provide MetaTrader 4 (MT4) and with ECN trading offer an environment for those who wish to trade using online trading robots. For traders who do not wish to trade with a commission charge, Z.com Trade offers a Classic account.

Z.com Trade has a considerably lower minimum deposit than Dukascopy Bank ($50 vs $1000) though both have a minimum trade size of micro lots. Dukascopy Bank additionally provides JForex, which like MT4 allows the trader to trade with robots, or to execute their own trades.

Dukascopy Bank is regulated by the FINMA in Switzerland. Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

Each offers MT4 ECN trading. Dukascopy Bank also provides JForex ECN trading. Z.com Trade has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for Z.com Trade is $50.

  • 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides Trading Strategies and Signals, Educational Courses, the capacity to chat with an Analyst, a Technical and Fundamental Analysis Feed, Market Analysis and News Updates.

Markets

  • Dukascopy Bank offers Forex, Indices, Energy, Cryptocurrencies, Precious Metals, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.
  • Z.com Trade on MT4 offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 75+ available.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. On its Classic account. Z.com Trade can offer Forex spreads from 1.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for Z.com Trade (FCA regulated) is .

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.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Trading Platforms

Both offer MT4. Dukascopy Bank additionally provides JForex.

Why Dukascopy Bank or Z.com Trade ?

Traders may wish to trade with automated trading strategies and may require rapid order processing and no restrictions on trading styles. Both offer this and provide MT4, a platform which can be used for both automated and non-automated trading. However Z.com Trade has a wider range of market on MT4. Dukascopy Bank also provides JForex. This is a platform on which the trader can run robots via the ECN (like MT4) and allows the trader, also like MT4, to build robots. Robots can be built on MT4 in MQL4, while Dukascopy has a language based on Java. On JForex, Dukascopy has greater number of markets to trade.

Comparison summary

  • Each offers CFD trading
  • Both have ECN trading
  • Each provides MT4
  • Dukascopy Bank also provides JForex
  • On MT4, Z.com Trade has a wider range of markets
  • On JForex, Dukascopy has more markets and a wider range
  • Z.com Trade has a lower minimum deposit

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