Dukascopy vs FOREX.com Comparison - CFD Broker Comparison

Dukascopy vs FOREX.com Comparison

Dukascopy vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex 3500+FCMC
$50MT4, Advanced Trading Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

Dukascopy and FOREX.com Comparison

These are both relatively long established Forex brokers, which offer a range of other markets, to trade as CFDs. Dukascopy can provide low spreads, plus a commission charge. FOREX.com can provide variable and fixed spreads. FOREX.com does not charge commissions, except for Shares CFDs. However the reason Dukascopy is charging commissions, is because it is providing access to the Swiss FX Marketplace of liquidity, operated by the parent company of Dukascopy EU, namely Swiss regulated Dukascopy Bank SA.

As an ECN broker, Dukascopy provides two platforms, MT4 and JForex 3. FOREX.com offers a range of platforms: the downloadable Advanced Trading Platform, a web trader and MT4. Each broker supports trading automation and allows the trader to run automated trading strategies (on MT4 and JForex, depending on the broker). Both brokers says they can provide low latency order execution (on MT4 with FOREX.com and MT4 and JForex 3 with Dukascopy).

Dukascopy EU is regulated by the FCMC in Latvia. FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

Dukascopy charges commissions for trading Forex and other markets. This means it can offer low Forex spreads, because it also charges a commissions (the total cost of the trade is the spread plus commission). FOREX.com only charges commissions for Shares CFDs. FOREX.com has a range of platforms, including MT4. Dukascopy provides JForex and MT4.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for FOREX.com is $/€/£50.

  • 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.
  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.

Markets

  • Dukascopy offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available.
  • On The Advanced Trading Platform, FOREX.com offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Metals, Energy and Soft Commodities, with 110+ available.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

Dukascopy can offer FOREX spreads from 0.1 plus a commission charge. FOREX.com can provide Forex spreads from 0.8 without a commission charge.

The maximum leverage for Dukascopy EU is . The maximum leverage for FOREX.com (FCA 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.
  • FOREX.com does not charge commissions, except for Shares CFDs.

Online trading platforms

Dukascopy provides MT4, JForex 3, JForex Web 3 and apps. FOREX.com offers the Advanced Trading Platform, a web trader, MT4, an MT4 web trader and apps.

Why Dukascopy or FOREX.com ?

Those who what to trade with an ECN broker may do this at Dukascopy. Traders who want to trade on MT4 (and use Expert Advisors robots) can do so at either broker. Traders who want to use FOREX.com's Advanced Trading Platform can find features such as the capacity to use and program charting signals. Traders who execute their own trades and want a platform with support for automated trading can trade on JForex at Dukascopy.

Comparison summary

  • Both brokers provide CFD trading
  • Dukascopy is an ECN broker
  • Dukascopy can offer more markets to trade
  • Each provides MT4
  • Both allow automated trading with robots
  • FOREX.com additionally provides its Web Trader and the Advanced Trading Platform
  • Dukascopy additionally offers JForex

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