Dukascopy vs FXTM - Online Brokerage Comparison

Compare Dukascopy vs FXTM

Dukascopy versus FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

Dukascopy and FXTM Comparison

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

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

Essentially, Dukascopy provides ECN trading on MT4 and JForex3, while FXTM can offer market execution STP/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 STP/ECN trading on MT4 and MT5.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for FXTM is $5 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 provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • Dukascopy offers Forex, Indices, Metals, Energy, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.

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

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 FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.

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. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

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.

Comparison summary

  • Each offers ECN trading
  • FXTM provides a range of account types
  • Dukascopy can offer more individual markets to trade
  • Dukascopy has a lower minimum deposit for ECN trading
  • Dukascopy provides MT4 and JForex 3
  • FXTM offers MT4 and MT5

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