Pepperstone vs Dukascopy Bank - ECN Broker Comparison

Dukascopy Bank vs Pepperstone | Broker Comparison

Dukascopy Bank vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$200MT4, MT5, cTrader95+FCA, ASIC

Dukascopy Bank vs Pepperstone Comparison

Both brokers offer ECN trading. Pepperstone has access to liquidity providers, via Equnix infrastructure, to allow for high speed order processing. Dukascopy Bank offers traders access to the SWFX Marketplace of liquidity, which it operates. Dukascopy Bank can offer more markets as it has Stocks CFDs. Both provide MT4. Pepperstone also offers MT5 and cTrader, while Dukascopy Bank has JForex. All these platforms support ECN trading using either automated or directionary trading. Dukascopy Bank is regulated by the FINMA in Switzerland, while Pepperstone is regulated by the ASIC in Australia and the FCA in the United Kingdom.

ECN trading conditions

Dukascopy Bank operates the SWFX Marketplace and allows the trader to trade directly into the market if they wish. Pepperstone uses Equinix technology to allow for high speed order processing.

Quick comparison

Both are ECN brokers, offering MT4. Pepperstone additionally provides MT5 and cTrader, while Dukascopy Bank offers JForex.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for Pepperstone is $200.

  • 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.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides Trading Guides, a Market Review and an Economic Calendar its website and offers Autochartist. Pepperstone says that latency is as low as 50ms. The minimum trade size is 0.01 lots.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • Dukascopy offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 500+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Metals, with 95+ available.

Dukascopy provides 60+ Forex pairs. Pepperstone provides 60+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash.

Spreads and leverage

  • Both brokers offer Forex spreads from 0 plus a commission charge. Pepperstone also offers an account without a commission charge, with Forex spreads from 1.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for Pepperstone (ASIC regulated) is 500:1. Maximum leverage for Pepperstone (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.
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Trading Platforms

Both brokers offer MT4. Pepperstone also provides MT5 and cTrader, while Dukascopy Bank offers JForex.

Why Dukascopy Bank or Pepperstone ?

Both have services for both automated traders and traders who make their own trading decisions, wishing to access ECN trading, with high speed order processing, no dealing desk intervention and access to marketplace liquidity. Dukascopy has considerably more markets to trade since it offers Stocks CFDs. Both support MT4 ECN trading, while Pepperstone can also provide the successor to MT4, namely MT5. As well, Pepperstone offers the ECN trading optimised platform, cTrader. However Dukascopy Bank also has an ECN trading optimised platform, namely JForex. Both are regulated, Pepperstone is regulated by both the ASIC in Australia and the FCA in the United Kingdom. Dukascopy Bank is regulated by the FINMA in Switzerland.

Comparison summary

  • Both support ECN trading
  • Each allows a wide range of trading styles including automated trading
  • Each has MT4
  • Pepperstone also offers MT5 and cTrader
  • Dukascopy Bank provides JForex
  • Dukascopy can offer more markets to trade
  • Pepperstone is FCA and ASIC regulated, while Dukascopy Bank is FINMA regulated

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