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 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 Platform, a web trader and MT4. Each broker support 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 and 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 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

  • 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 FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.

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.

Platforms

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

Comparison summary

  • Dukascopy is an ECN broker, offering Forex and CFD trading
  • Dukascopy provides access to the Swiss FX Marketplace of liquidity
  • Dukascopy charges a commission, but can offer low spreads
  • FOREX.com provides Forex and CFD trading
  • FOREX.com can offer variable and fixed spreads
  • FOREX.com does not charge commissions, except for Shares CFDs
  • FOREX.com provides a downloadable platform, a web trader and MT4
  • Dukascopy offers JForex 3 and MT4
  • Both allow robots to run on MT4 (Dukascopy and FOREX.com) and JForex 3 (Dukascopy)
  • Both are regulated

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