Dukascopy Bank vs NSFX - Online Brokerage Comparison

Dukascopy Bank vs NSFX | ECN Broker Comparison

Dukascopy Bank vs NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$300MT4, JForex60+MFSA

Dukascopy Bank vs NSFX Comparison

Both offer ECN trading on MT4 and JForex. On MT4, NSFX has a wider range of market to trade, while on JForex, Dukascopy Bank has a wider range and larger number.

For MT4 ECN trading, and JForex ECN trading, NSFX has a higher minimum deposit, though for its fixed spread MT4 account, NSFX has a lower minimum deposit overall. Both brokers allow the use of and the building of robots on MT4 and JForex.

Dukascopy Bank is regulated by the FINMA in Switzerland. NSFX is regulated by the MFSA in Malta.

Quick comparison

Both offer MT4 and JForex. NSFX has a lower minimum deposit overall, but for ECN trading, Dukascopy Bank has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for NSFX is $300.

  • 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.
  • NSFX offers three account types. These are the MT4 Fixed, MT4 ECN and JForex accounts. The minimum deposit for the MT4 Fixed account is $300, the minimum deposit for the MT4 ECN account is $3,000 and the minimum deposit for the JForex account is $5,000.
  • The NSFX MT4 Fixed account does not charge commissions, the MT4 ECN and JForex accounts do. On its website NSFX provides Trading Central along with analysis, news and an economic calendar and the NSFX academy which includes an FX Video Course, Trading Examples and Guides and a Forex eBook. Hedging is allowed on all three account types as is micro lot trading but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed. An Islamic account is available.

Markets

  • Dukascopy Bank offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 500+ available. On MT4, Dukascopy Bank has 40+ Forex pairs.
  • NSFX offers Forex, Indices, Energy and Precious Metals on the MT4 ECN and JForex accounts, with 60+ available. On the MT4 Fixed account it offers Forex Major pairs.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. NSFX can offer fixed Forex spreads from 3 without a commission charge.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for NSFX (MFSA regulated) is .

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.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Trading Platforms

Both offer MT4 and JForex.

Why Dukascopy Bank or NSFX ?

Traders looking to use MT4 and JForex in an ECN environment, can do so at either. Both platforms let the traders build and run robots to execute trading strategies on behalf of the trader. Each platform also allows the trader to execute trades at their own discretion and provide a range of tools to assist the trader in this endeavour. NSFX additionally provides an MT4 Fixed account which has fixed spreads on Forex majors, for a lower minimum deposit. But for MT4 and JForex ECN trading, Dukascopy Bank has a lower minimum deposit requirement.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4 and JForex
  • NSFX has a wider range of markets on MT4
  • Dukascopy Bank offers a wider range and greater number on JForex
  • NSFX has a lower minimum deposit overall
  • For ECN trading, Dukascopy Bank has the lower minimum deposit

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