Broker to Trading

This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs Swiss regulated Dukascopy Bank. Dukascopy Bank was founded in 2004 and has provided innovative offerings of platforms and markets in the years since. Oanda has provided trading on MT4 since 1996 when it was founded in Toronto, Canada and has a range of tools for all types of traders, including automated traders and those who execute their own trades. Additionally, Oanda provides MT5, the successor to MT4.

Dukascopy Bank offers both JForex and MT4. JForex is Duakscopy's own platform which has 500+ markets to trade and supports a wide range of trading styles. Robots are available via JForex scripts. MT4 is also offered and has a wide range of markets, supporting automated trading via EAs. JForex has a relatively wide range of technical indicators inbuilt.

Oanda is an MT4 and MT5 broker, which offers a range of markets on this platform and supports a wide range of trading styles.

Quick comparison

Oanda is an MT4 and MT5 broker with a wide range of tools, Dukascopy provides MT4 and JForex.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. There is no minimum deposit requirement for Oanda.

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.
Oanda offers the following trading account types: Standard, Core, Swap-free, Premium and Premium Core. The Standard is described as suitable for all traders and has no minimum deposit requirement. The Core is described as suitable for EAs and scalpers. The Swap-free account is for traders who do not want to pay or receive interest on their account. All three of these accounts offer the Signal Center by Acuity. The Premium and Premium Core accounts are for high volume traders and require the trader to maintain a $20,000 minimum balance and trade more than $10 million notional or equivalent per month. These two accounts come with an Account Manager, Zero Deposit Fees (and reimburse bank fees), Free withdrawals, Priority support and a Free VPN.
The Standard account has spreads from 1.1, the Core account has spreads from 0.2 and the Swap-free account offers spreads from 1.6 pips. The Premium account has spreads from 0.8 and the Premium Core account has spreads from 0.2. The Core and Premium Core accounts charges commissions, the Standard, Premium and Swap-free accounts do not. At Oanda Global, verification documents are not needed for gross account deposits below $9000. Tools include MarketPulse, with a range of analysis and market news, technical analysis powered by AutoChartist, an Economic Calendar and MetaTrader plug-in tools. The minimum trade size is 0.01 lots.

Markets

• Dukascopy offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs and Bonds, with 1000+ available.
• Oanda offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, for a total of 800+.

Cryptocurrency CFDs

• Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Stellar, Cardano, Uniswap, Chainlink, Dogecoin, Binance Coin, Tezos and Polkadot CFDs.
• Dukascopy offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Stellar, Cardano, Uniswap, Chainlink, Dashcoin, EOS, TRON, Polygon, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.

Leverage

Maximum leverage for Oanda (FSC regulated) is 200:1. Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1.

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.
• Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.

Online trading platforms

Oanda offers MT4 and MT5. Dukascopy provides MT4 and JForex.

Foundation

Oanda was founded in 1996, while Dukascopy Bank was founded in 2004.

Payment methods

Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller.

Why Oanda or Dukascopy ?

Traders who want to trade on MT4 can use either broker. Traders who want to trade a larger number of markets can try JForex at Dukascopy. Traders who want to run robots to execute their trades can try either broker, as MT4 and JForex both support such strategies. Traders who execute their own trades can use either as well. Traders who want to use MT5 can find this platform at Oanda. Oanda has no minimum deposit, while Dukascopy Bank has a minimum deposit of $1000.

Comparison summary

• Both offer CFD trading
• Each provides MT4
• Dukascopy additionally offers JForex
• Oanda additionally provides MT5
• Both support automated trading
• Oanda has no minimum deposit
• Dukascopy allows deposits in Bitcoin, Ether and Tether