Dukascopy vs IQ Option Broker Comparison

IQ Option v Dukascopy Bank Online Brokerage Comparison
Dukacopy Bank vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
$1000
Minimum Deposit
MT4, JForex
Trading Platforms
1000+
Markets To Trade
Dukascopy Bank supports a wide range of trading styles including automated trading and scalping on MT4 and JForex
About
$10
Minimum Deposit
IQ Option Platform
Trading Platform
300+
Markets To Trade
IQ Option offers a user friendly platform with a $10 minimum deposit and $1 minimum order size
About

Dukascopy Bank vs IQ Option Comparison

This is a comparison of Dukascopy Bank based and regulated in Switzerland by the FINMA vs IQ Option. IQ Option was founded in 2014 and focuses on providing a user friendly platform, which has a low minimum depost and order size to use. Dukasccopy Bank was founded in 2004 and offers its own platform, JForex, developed over the years, which can be used for automated trading and by traders who execute their own trades, as well as MT4.

Quick comparison

Dukascopy Bank supports trading styles such as automated trading while IQ Option provides a user friendly platform for traders who execute their own trades.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for IQ Option is $10.

  • IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.
  • 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.

Markets

  • Dukascopy Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Options and Bonds, with 1000+ available.
  • IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs and Options, with 300+ available.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Stellar, TRON, Dashcoin, Cardano, Uniswap, Chainlink, Polygon, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.
  • IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Stellar, TRON, Dash, Ripple, Ethereum Classic, Zcash, QTUM and OmiseGo CFDs.
Dukascopy Bank vs IQ Option Summary Table
BrokerTrading PlatformsDescription
Dukascopy Bank
Broker
MT4, JForex
Trading Platforms
Dukascopy Bank offers trading on MT4 and JForex and allows Crypto deposits
Description
IQ Option
Broker
Web Trader & Apps
Trading Platforms
IQ Option provide a range of trading tools on a user friendly platform with a minimum trade size of $1
Description

Commissions

  • IQ Option does not charge commission for CFD markets.
  • 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.

Online trading platforms

Dukascopy Bank offers MT4 and JForex. IQ Option provides a user friendly platform.

Foundation

Dukascopy Bank was founded in 2004, while IQ Option was founded in 2014.

Payment methods

Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. Dukascopy Bank additionally allows deposits and withdrawals via Bitcoin, Ethereum and Tether. IQ Option additionally supports Klarna.

Why Dukascopy Bank or IQ Option ?

Traders who want to trade with a broker which does not restrict trading styles and allows approaches such as automated trading and scalping can try Dukascopy Bank. Traders who want to trade on a user friendly platform with a range of technical and fundamental analysis tools inbuilt can try IQ Option.

Comparison summary

  • Both brokers offer CFD trading
  • Dukascopy Bank provides MT4 and JForex
  • IQ Option provides a user friendly platform
  • IQ Option has a low minimum order size of $1
  • Dukascopy Bank allows automated trading with robots