Compare Dukascopy vs Pepperstone - ECN Broker Comparison

Compare Dukascopy vs Pepperstone

Dukascopy versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$200MT4, MT5, cTrader95+FCA, ASIC

Dukascopy and Pepperstone Comparison

Both provide ECN trading, with low spreads plus a commission charge. Pepperstone can also offer STP trading, with higher spreads and no commission charge.

Dukascopy provides access to the SWFX ECN Marketplace. Pepperstone uses Equinix data centers, co-locating its servers in NY4 and LD4 with the servers of liquidity providers.

Both offer MT4. Dukascopy additionally provides JForex 3, while Pepperstone offers MT5 and cTrader (all platforms which are suited to both ECN automated and discretionary trading).

Dukascopy is regulated by the FCMC in Latvia, while Pepperstone is regulated by the FCA in the United Kingdom and by the ASIC in Australia.

Quick comparison

Dukascopy offers ECN trading on MT4 and JForex and more markets (principally as it provides Stocks CFDs). Pepperstone offers ECN trading on MT4, MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy 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).
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone uses Equinix NY4 servers. Pepperstone says that latency is as low as 50ms. The minimum trade size is 0.01 standard lots.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It provides EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • Dukascopy offers Forex, Indices, Energy, Cryptoocurrencies, Metals, Soft Commodities and Stocks, with 500+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals and Soft Commodities, with 95+ available.

Dukascopy provides 60+ Forex pairs, Pepperstone offers 60+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash.

Spreads and leverage

  • Spreads at Dukascopy are variable and are from 0.1 for EUR/USD (with an average of 0.2), 1 for UK100, 0.10 for Gold and 0.02 for US Crude Oil, plus a commission charge.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2) plus a commission charge and from 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil, without a commission charge. For the Standard account EUR/USD spreads are from 1 (with an average of 1.2) without a commission charge.

Maximum leverage for Dukascopy EU is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 3.50 units per lot per side (7 units per lot round trip) of the first quoted currency in the traded currency.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. Pepperstone offers MT4, an MT4 webtrader, MT5 and cTrader and apps for MT4, MT5 and cTrader. These platforms are available on desktop, tablet and mobile.

Why Dukascopy or Pepperstone ?

Both offer ECN trading. Dukascopy has JForex and more markets, while Pepperstone offers MT4, MT5 and cTrader.

Comparison summary

  • Both brokers provide access to liquidity pools
  • They each offer low spreads plus a commission charge
  • Pepperstone also provides STP spreads, with no commission charge
  • Pepperstone offers MT4 and MT5, Dukascopy offers MT4
  • Dukascopy provides JForex 3, Pepperstone offers cTrader
  • Dukascopy can provide more markets, as it offers Stocks CFDs
  • Pepperstone has a wider range of Cryptocurrency CFDs

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