Compare Dukascopy vs IronFX - Online Brokerage Comparison

Compare Dukascopy vs IronFX

Dukascopy versus IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$100MT4200+FCA, ASIC, CySEC, FSCA

Dukascopy and IronFX Comparison

Dukascopy offers ECN trading. The parent company of Dukascopy EU, Dukascopy Bank SA operates the Swiss FX Marketplace, which provides high speed access to liquidity to Dukascopy traders. Dukascopy provides the MT4 and JForex 3 online trading platforms. JForex 3 is a platform optimised for ECN trading. Thus Dukascopy has infrastructure support for a range of trading, including automated trading.

IronFX on the other hand has a range of account types and offers MT4. So it inhabits more of a middle ground, offering accounts from Micro to STP/ECN, supporting a range of trading, from discretionary to automated. Thus which broker to choose depends on the style the trader might want to use, and how dependent it is on speed and direct access to liquidity (but all styles are allowed and supported at Dukascopy).

Though it is an ECN broker, Dukascopy can in fact offer more markets to trade than IronFX, however IronFX has a competitive number for an STP/ECN broker. IronFX also has a range of Cryptocurrency CFDs available. Dukascopy EU is regulated by the FCMC in Latvia. IronFX is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CySEC in Cyprus and the FSCA in South Africa.

Brief comparison

Dukascopy is an ECN broker, which provides direct market access to its Swiss FX Marketplace, on MT4 and JForex 3. IronFX has a range of account types, covering market (STP/ECN) and instant execution (no slippage) accounts, on MT4.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500.

  • 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. Markets news and a calendar are available on Dukascopy's website.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manger, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • Dukascopy offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 500+ available.
  • IronFX offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

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.
  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.

Maximum leverage for Dukascopy EU is . Maximum leverage for IronFX (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.
  • IronFX's commission charges are from $67.5 per million USD per side for Forex. Gold commission charges are from $150 per million USD lot per side.

Platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. IronFX offers MT4, desktop and apps and a web trader based on MT4.

Quick comparison

Dukascopy offers ECN trading on MT4 and JForex 3 while IronFX has STP/ECN and instant execution accounts on MT4.

Why Dukascopy or IronFX ?

Dukascopy EU provides ECN trading, offering access to the SWFX liquidity pools operated by its parent company Dukascopy Bank SA, on the MT4 and JForex 3 platforms. IronFX has a range of account types, including STP/ECN on MT4.

Comparison summary

  • Dukasscopy is an ECN broker
  • Dukascopy can offer competitive commissions charges for access to the Swiss FX Marketplace of liquidity
  • IronFX is an STP/ECN broker which also provides a range of non-ECN accounts
  • IronFX offers MT4, while Dukascopy offers MT4 and JForex 3
  • Both brokers support discretionary and automated trading
  • Dukascopy allows direct market access
  • Dukascopy has more markets to trade than IronFX
  • IronFX offers a range of Cryptocurrency CFDs

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