| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Dukascopy | $1000 Minimum Deposit | MT4, JForex Trading Platforms | 1000+ Markets To Trade | Dukascopy Bank provides trading (including automated trading) on MT4 and JForex, allowing a wide range of trading styles, including automated trading and scalping About |
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and offers a Cent account with a $1 minimum deposit About |
Dukascopy Bank vs FXOpen Comparison
Each offers MT4 ECN trading. FXOpen additionally provides MT5 and TickTrader. Dukascopy Bank offers considerably more markets to trade on its JForex ECN trading platform. Both allow styles such as scalping and automated trading. Dukascopy Bank has a higher minimum deposit than FXOpen.
Quick comparison
Both offer MT4. Dukascopy Bank additionlly provides JForex, while FXOpen additionally offers MT5 and TickTrader.
Minimum deposit and account types
The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for FXOpen 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.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- Dukascopy Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Bonds and Soft Commodities, with 1000+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.
- FXOpen offers Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 600+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen provides automated trading on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit Description |
| Dukascopy Bank Broker | MT4, JForex Trading Platforms | Dukascopy Bank offers trading on MT4 and JForex, allowing automated trading with robots on both platforms, and allows deposits in Bitcoin, Ether and Tether Description |
Cryptocurrency CFDs
- Dukascopy Bank offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Dashcoin, Uniswap, Polygon, Stellar, Cardano, Chainlink, Dashcoin, TRON, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.
- FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS, Dashcoin, Monero, Ripple, IOTA, Ethereum Classic, Emercoin and NEO CFDs
Spreads and leverage
- Both brokers can offer low Forex spreads plus a commission charge.
Maximum leverage for Dukascopy Bank is 200:1. Maximum leverage for FXOpen is 500:1.
Commissions
- Dukascopy Bank charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
- For Forex, Dukascopy Bank commissions range from $35 per million USD per side, to $10 per million USD traded per side.
- For other markets except Stocks, Dukascopy Bank commissions range from $52.5 per million USD per side, to $15 per million USD per side.
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
Trading Platforms
Both brokers offer MT4. Dukascopy Bank additionally provides JForex and FXOpen also has MT5 and TickTrader.
Why Dukascopy Bank or FXOpen ?
Traders who wish to use a wide variety of trading styles, including those which are suited to ECN trading, can consider either. MT4 (at both), MT5 (at FXOpen) and JForex (at Dukascopy Bank) allow the trader to run and build trading robots. FXOpen has a wider range of markets on MT4, but on JForex has a wider range and a greater number of markets than FXOpen on MT4, MT5 or TickTrader. Traders who wish to trade using longer term non-automated trading can consider either, but it can be noted that JForex has a relatively wide range of technical indicators inbuilt into the platform. Traders who want to trade with small trade sizes can consider FXOpen as it offers a Cent account (called its Micro account), which also has a very low minimum deposit of $1.
Comparison summary
- Both brokers offer CFD trading
- Each provides MT4
- FXOpen additionally offers MT5 and TickTrader
- Dukascopy Bank additionally provides JForex
- Each allow automated trading with robots
- FXOpen offers a Cent account with low minimum trade sizes
- FXOpen has a $1 minimum deposit
