Vantage FX vs Dukascopy Bank Broker Comparison

Dukascopy Bank vs Vantage FX | ECN Broker Comparison

Dukascopy Bank vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$1000MT4, JForex500+FINMA
$200MT4, MT5180+ASIC, CIMA

Dukascopy Bank vs Vantage FX Comparison

These are both ECN brokers, which each providing a relatively large number of markets for this kind of broker, though Dukascopy Bank has more. Dukascopy Bank offers both JForex 3 and MT4. Vantage FX provides MT4 and and its successor MT5. Dukascopy Bank is regulated by the FINMA in Switzerland. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

Dukascopy EU

Dukascopy EU is a subsidiary of Dukascopy Bank and is regulated by the FCMC in Latvia. Both have similar features, with differences including that Dukascopy EU has lower maximum leverage, offers negative balance protection and has a lower minimum deposit. The trader may find out more about Dukascopy EU via the Dukascopy EU review on this site.

ECN trading conditions

Dukascopy Bank operates the Swiss FX Marketplace liquidity pool to which it provides traders access. Vantage FX provides access for traders to liquidity through the broker, using Equinix infrastructure for high speed order execution.

Quick comparison

These are both ECN brokers with MT4. Dukascopy Bank also offers JForex, while Vantage FX provides MT5. Dukascopy Bank has a higher minimum deposit than Vantage FX.

Minimum deposit and account types

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

  • Dukascopy Bank offers an account type, but with differing features for higher deposits. A Swap-free (Islamic) account is available as well. Dukascopy Bank offers webinars through the JForex 3 platform. Dukascopy Bank 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 Bank does not restrict trading styles. Markets news and a calendar are available on Dukascopy Banks's website.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots. Vantage FX supports social and copy trading with ZuluTrade and Myfxbook AutoTrade.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • Dukascopy Bank offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ available.
  • Vantage FX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 180+ available.

Dukascopy Bank provides 60+ Forex pairs, Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • Dukascopy Bank offers Bitcoin and Ethereum.
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Spreads and leverage

  • Both brokers offer Forex spreads from 0 plus a commission charge. Vantage FX offers higher Forex spreads without a commission charge from 1.4.

Maximum leverage for Dukascopy Bank (FINMA regulated) is 200:1. Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

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.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Trading Platforms

Both brokers offer MT4. Dukascopy Bank additionally provides JForex, while Vantage FX offers MT5.

Why Dukascopy Bank or Vantage FX ?

For ECN traders they both offer ECN trading with levels of granularity in terms of access to liquidity. For a high minimum deposit, Vantage FX provides a level of direct market access (through Vantage FX), while Dukascopy Bank can let the trader trade directly in the SWFX Marketsplace (through Dukascopy Bank). Both can offer high Forex leverage and have a competitive commission charge, related to the equity in the account. They have a somewhat different platform offering: while both offer MT4, Dukascopy provides JForex and Vantage FX offers MT5. All of these platforms support discretionary and automated trading, but there are differences between JForex and MT4/MT5 (and there is a difference between MT4 and MT5).

Comparison summary

  • Each offers ECN trading
  • Dukascopy Bank has a higher minimum deposit
  • Vantage FX offers less markets overall, but a very competitive number for an ECN broker
  • Each has Stocks CFDs
  • Both provide access to liquidity providers
  • Each has MT4
  • Vantage FX also offers MT5
  • Dukascopy Bank also provides JForex

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