Dukascopy vs FXTM - Online Brokerage Comparison

Compare Dukascopy vs FXTM

Dukascopy versus FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$10MT4, MT5250+FCA, CySEC, FSCA, FSC

Dukascopy and FXTM Comparison

FXTM offers a range of account types, covering ECN and other account types including Cent. Dukascopy provides ECN trading through the SWFX Marketplace. Dukascopy offers MT4 and JForex 3, while FXTM provides MT4 and MT5.

While FXTM's ECN accounts charge a commission, like Dukascopy, FXTM can also provide for a higher minimum deposit an account which provides ECN trading with no commission charge.

Essentially, Dukascopy provides ECN trading on MT4 and JForex3, while FXTM can offer market execution ECN trading on MT4 and MT5, and instant execution accounts on MT4. Dukascopy does offer more markets to trade, on JForex 3.

Dukascopy is regulated by the FCMC in Latvia.

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

Dukascopy offers ECN trading on MT4 and JForex 3. FXTM provides a range of account types, including ECN trading on MT4 and MT5.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for FXTM is $10 and for ECN trading at FXTM is $200.

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides 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 does not restrict trading styles.
  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

  • Dukascopy offers Forex, Indices, Metals, Energy, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • FXTM offers Forex, Indices, Metals, Energy and Stocks, with 250+ available.

Dukascopy provides 60+ Forex pairs, FXTM offers 55+ Forex pairs.

Spreads and leverage

Both brokers can offer low spreads with a commission charge. FXTM can additionally provides Forex spreads form 1.3 without a commission charge.

Maximum leverage for Dukascopy EU is . Maximum leverage for FXTM (FCA or CySEC 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.
  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. The commission is charged for the ECN account.

Online trading platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. FXTM provides MT4 and MT5 desktop, web and apps. These platforms are thus available on desktop, tablet and mobile.

Why Dukascopy or FXTM ?

Traders who wish to trade on MT4 may find this platform at either broker. Those who want to trade on MT5, the successor to MT4, can find this at FXTM. Those who want to trade on JForex, a trading platform with a relatively large number of technical indicators and support for automated trading, will find this platform at Dukascopy.

Comparison summary

  • Both brokers offer ECN trading
  • FXTM provides other accounts including Cent
  • FXTM's Cent account have low minimum trade sizes and a low minimum deposit ($10)
  • Dukascopy has a lower minimum deposit for ECN trading than FXTM ($100 vs $200)
  • Both provide MT4
  • FXTM additionally offers MT5
  • Dukascopy provides JForex
  • Dukascopy has more markets to trade overall (on JForex)

Search this site

Translate