| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Dukascopy | $1000 Mininum Deposit | MT4, JForex Trading Platforms | 1000+ Markets To Trade | Dukascopy Bank offers trading on MT4 and JForex, with automated trading on both platforms About |
| IronFX | $50 Mininum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX has copy trading platforms, MT4, fixed and variable spreads and a Cent account About |
Dukascopy Bank vs IronFX Comparison
Each offers trading on MetaTrader 4 (MT4). On this platform trader can execute their own trades or use and build online trading robots, called Expert Advisors (EAs). Both allow the trader to execute EAs. Dukascopy Bank additionally provides JForex, which is a platform which also allows the trader to build trading robots in a different language and to run them (and to plan and execute their own trades).
IronFX offers STP/ECN accounts, and a range of other accounts, including Cent (with small trade sizes). Dukascopy Bank focuses on providing ECN trading operating its SWFX Marketplace ECN. On MT4, IronFX has more markets to trade than Dukascopy Bank on MT4 and a wider range, while on JForex, Dukascopy Bank has more markets than Iron FX (on MT4).
Quick comparison
Both offer MT4, while Dukascopy Bank additionally provides JForex. Overall Dukascopy Bank has more markets.
Minimum deposit and account types
The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for IronFX is $50.
- 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.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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 Manager, 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 Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Bonds, with 1000+ available.
- IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| Dukascopy Bank Broker | MT4, JForex Trading Platforms | Dukascopy Bankoffers trading on MT4 and JForex, allowing a wide range of trading styles including automated trading and scalping Description |
| IronFX Broker | MT4 Trading Platforms | IronFX provides trading on MT4, offers copy trading platforms and has a Cent account Description |
Cryptocurrency CFDs
- Dukascopy Bank offers Bitcoin, Ethereum, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Cardano, Uniswap, Polygon, Chainlink, Dashcoin, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.
- IronFX offers Bitcoin, Ethereum, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Cardano, Uniswap, Dogecoin, Polkadot, Ripple, Iota, Ethereum Classic, Solana, OmiseGO, Internet Computer Protocol and IOST CFDs.
Spreads and leverage
- Both brokers can offer low Forex spreads plus a commission charge. IronFX can offer Forex spreads from 0 without a commission charge.
Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for IronFX (Bermuda) is 1000:1.
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.
- IronFX has a commission charge from $6.75 per lot per side.
Trading Platforms
Both offer MT4. Dukascopy Bank additionally provides JForex.
Why Dukascopy Bank or IronFX ?
Traders wishing to run (and build in MQL4) Expert Advisors (EAs) on MT4 can do so at either Dukascopy Bank or IronFX, though IronFX has a wider range of markets on this trading platform. Dukascopy Bank also offers JForex, which lets the traders run and build robots in a language based on Java. On JForex, Dukascopy Bank has more markets to trade. JForex also has a relatively wide range of technical indicators inbuilt on the platform.
Comparison summary
- Both have CFD trading
- Each offers MT4
- Dukascopy Bank additionally provides JForex
- IronFX offers social and copy trading platforms
- Dukascopy Bank offers more markets, on JForex
- IronFX has a lower minimum deposit
