Broker to Trading

These are both 'ECN brokers', offering high speed access to liquidity pools with no dealing desk order intervention. Dukascopy Bank operates its own pool, called the SWFX Marketplace, which provides a centralised structure to a decentralised market. Titan FX also uses centralisation, by locating its servers in Equinix's New York Data Centre, utilising co-location with the servers of liquidity providers.

Dukascopy Bank can offer more markets to trade than Titan FX, though Titan FX still has a competitive number. In terms of trading platforms, both brokers provide the MT4 platform. Titan FX additionally provides MT5, the successor to MT4. Dukascopy Bank additionally offers JForex, which has features for both traders who make their own trading decisions and traders who let programs trade on their behalf, using automated trading strategies (which is the case also for MT4 and MT5).

Dukascopy Bank is regulated by the FINMA in Switzerland. Titan FX is regulated by the VFSC in Vanuatu.

ECN trading conditions

Both provide centralised/decentralised access to the Forex market, to allow for rapid order processing and offer no dealing desk intervention, allowing the trader to trade as they wish, from discretionary to automated trading.

Quick comparison

These brokers each offer MT4 ECN trading. Dukascopy Bank offers JForex as well and more markets, though Titan FX additionally provides MT5.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for Titan FX 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.
Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports signal trading via MetaTrader.
Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).

Markets

• Dukascopy offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, Bonds and ETFs, with 1000+ available.
• Titan FX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 220+ available.

Dukascopy provides 60+ Forex pairs. Titan FX provides 55+ Forex pairs.

Cryptocurrency CFDs

• Dukascopy offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, EOS, Chainlink, Uniswap, Cardano, Dashcoin, TRON, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs.
Titan FX offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, EOS, Chainlink, Ripple and Polkadot CFDs.

Spreads and leverage

• Dukascopy Bank offers Forex spreads from 0.1 plus a commission charge. Titan FX provides Forex spreads from 0 with a commission charge and from 1 without a commission charge.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for Titan FX (VFSC regulated) is 1000:1.

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.
Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.

Trading Platforms

Both brokers offer MT4. Dukascopy Bank additionally provides JForex. Titan FX additionally offers MT5.

Why Dukascopy Bank or Titan FX ?

Traders who want to trade on MT4 may do so at either Dukascopy Bank or Titan FX. Traders who want to trade on MT5 (the successor to MT4) can do this at Titan FX. Both provided rapid order processing and instrastucutre for styles such as automated traidng. Traders who want to trade on JForex, a relatively user friendly platform with automated trading, can do this at Dukascopy Bank.

Comparison summary

• Both provide CFD trading
• Dukascopy Bank operates the SWFX Marketplace
• Titan FX uses trading server data centre co-location
• Dukascopy Bank can offer more markets overall
• Both provide MT4
• Dukascopy Bank offers JForex as well
• Titan FX provides MT5
• Dukascopy Bank is FINMA regulated in Switzerland, while Titan FX is VFSC regulated in Vanuatu