Dukascopy Bank vs Titan FX - ECN Broker Comparison

Dukascopy Bank vs Titan FX | Broker Comparison

Dukascopy Bank vs Titan FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$200MT470+VFSC

Dukascopy Bank vs Titan FX Comparison

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 for an ECN broker. In terms of trading platforms, both brokers provide the MT4 platform. However Dukascopy Bank 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). 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 has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for Dukascopy Bank is $1000. The minimum deposit for Titan FX is $200.

  • Dukascopy offers an account type, but with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides 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 does not restrict trading styles. Markets news and a calendar are available on Dukascopy'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 markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre for fast order execution.
  • 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, Soft Commodities, Cryptocurrencies and Stocks, with 500+ available.
  • Titan FX offers Forex, Indices, Energy and Precious Metals, with 70+ available.

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

Cryptocurrency CFDs

  • Dukascopy offers Bitcoin and Ethereum.

Spreads and leverage

  • Both brokers have Forex spreads from 0.1 plus a commission charge. Titan FX can also offer Forex spreads from 1, without a commission charge.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for Titan FX (VFSC regulated) is 500:1.

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 provides JForex as well.

Why Dukascopy Bank or Titan FX ?

MT4 ECN trading is available at both brokers. However Dukascopy Bank also offers JForex, though it has a higher minimum deposit to use either platform. Dukascopy can offer more markets overall, though Titan FX has a competitive number for an ECN broker. Each supports trading where the trader makes their own trading decisions and trading where a computer program trades on behalf of the trader (both platforms allow each approach to trading).

Comparison summary

  • Both offer ECN trading
  • Dukascopy Bank operates the SWFX Marketplace
  • Titan FX uses trading server data centre co-location
  • Dukascopy Bank can offer more markets overall
  • Titan FX has a competitive number of markets for an ECN broker
  • Both provide MT4
  • Dukascopy Bank offers JForex as well
  • Dukascopy Bank is FINMA regulated in Switzerland, while Titan FX is VFSC regulated in Vanuatu

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