AxiTrader vs Dukascopy Compared 2024

Published :
Updated :
Written by

AxiTrader and Dukascopy are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. AxiTrader is regulated by 5 regulatory authorities, including the ASIC, SVG, FSA, DFSA, FCA. On the other hand, Dukascopy is regulated by 2 regulatory authorities, including FINMA ,FSA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare AxiTrader with Dukascopy regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AxiTrader is better than Dukascopy. This comparison lets you understand which broker is better for your trading style and preferences.

AxiTrader vs Dukascopy: In a Nutshell

AxiTrader

Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading. To learn more, you can read our review of AXI

AxiTrader At a Glance

AxiTrader At a Glance
  • Founded In: 2007
  • Founder: Rajesh Yohannan 
  • Headquarters: Sydney, Australia
  • Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices. 
  • Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account. 
  • Maximum Leverage: upto 1:500
  • Regulations: ASIC, FCA,  SVG, FSA, DFSA,
  • Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
  • Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps. 
  • Account Types:  Standard, Pro Account, and Elite Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
  • Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
  • US Clients : Not Accepted

Dukascopy

Established in 2004, Dukascopy is a Swiss-based online forex broker with headquarters in Geneva, Switzerland, and international offices in Japan and Latvia. The broker has held a Swiss bank license since 2010. Dukascopy offers MT4, MT5, and its own proprietary trading platform named JForex. Regulated by FINMA (Switzerland) and JFSA (Japan), the broker is renowned for its advanced trading technology and transparent pricing model. Dukascopy supports various trading strategies like scalping, hedging, and news trading, and also provides PAMM accounts. Moreover, it offers a range of educational resources to assist traders in enhancing their skills.

Dukascopy Overview

Dukascopy Overview
  • Founded In: 2004
  • Minimum Deposit: $100
  • Maximum Leverage: 200:1
  • Regulations: FINMA
  • Trading platform: MT4/MT5, JForex4
  • Account Types: 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bank Gurantees, Credit/Debit Card, Cryptocurrency, Maestro, Neteller, Skrill
  • US Traders: Not Accept

AxiTrader vs: Dukascopy Features

  • Trading Instruments: 220+Trading instruments including Forex, shares, IPOs, Indices, commodities, cryptocurrencies
  • Maximum leverage: 500:1, However, AXI  offers 1000:1 leverage in some countries 
  • Minimum Deposit: No Minimum Deposit. 
  • Account Types: Three ( Standard, Pro, Elite Account) 
  • Trading Fees: spread starting from 0.9 pips for the standard account, $7 per lot for the pro account, $3.5 per lot for the Elite account 
  • PAMM/ MAM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Dukascopy

  • Trading Instruments: 1200+ trading instruments including FOREX, ENERGY, CRYPTO, METALS, INDEXES, BONDS, STOCKS
  • Maximum Leverage: The maximum leverage of Dukascopy is 200:1. However, leverage may vary based on equity, assets, jurisdiction, and account type
  • Minimum Deposit: The minimum deposit of Dukascopy is $100
  • Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread starts from 0.1 pips on EUR/USD. The standard fee is $0.5 per 1 MT4 lot ($5 per $1 million).
  • Account Types: Two ( Live account, Demo Account) 
  • PAMM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

AxiTrader vs Dukascopy: Pros and Cons

AxiTrader

Pros
  • A global broker since 2007.
  • Regulated by FCA, ASIC, DFSA, and FMA.
  • Serves over 60,000 customers in 100+ countries.
  • No deposit and withdrawal fees.
  • The minimum deposit is as low as $1.
  • Allows scalping, EA trading, and news trading.
  • Offers passive investment programs like MAM, PAMM, and Zulutrade.
  • Maximum leverage is as high as 400:1.
  • Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
  • Spread betting is available for the UK market.
  • Spreads are low and start from 0 pips.
  • Easy and digital account opening process.
  • AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
  • Signal providers and free VPS are offered (conditions apply)
Cons
  • Not regulated by CySEC, a leading regulator for EU countries.
  • The demo account expires after 30 days.
  • The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
  • The commission is $7 for the pro account, which is a bit high compared to competitors.
  • Only forex and CFDs are offered; no real tradable assets are available

Dukascopy

Pros
  • Regulated by FINMA and JFSA.
  • Allows hedging, scalping, EA trading, and news trading.
  • Offers a variety of trading platforms including MT4, MT5, and Jforex.
  • Provides over 1200 trading instruments including forex, cryptos, and CFDs.
  • Dukascopy Bank provides banking services, bonuses, and trading contests for its traders.
  • Swiss Bank deposit protection up to CHF 100,000 per client.
  • Low spreads starting from 0.1 pips on EUR/USD.
  • Maximum leverage is as high as 200:1.
  • Demo accounts are available.
  • Islamic accounts are offered.
  • Wide range of trading orders: MIT, limit orders, OCO, and TP/SL orders
Cons
  • Minimum deposit $100 is high for beginner
  • Limited top tier regulations  ( NO FCA, CySEC Regulation) 
  • Higher Trading Commission for Islamic Traders 
  • Charges inactivity fees 
  • Limited Educatinal Tools and Resources.

AxiTrader vs Dukascopy: Side-by-Side Comparison

AxiTrader
Dukascopy
Product
Product
AxiTrader
Dukascopy
Founded In
Founded In
2007
2004
Founded By
Founded By
Rajesh Yohannan
Andre and Veronika Duka
Headquarters
Headquarters
Sydney, Australia
Geneva, Switzerland
Regulations
Regulations
ASIC, FCA, SVG, FSA, DFSA
FINMA, FSA
Min Deposit
Min Deposit
$0 for standard and pro accounts, 25,000 for Elite account.
$100
Max Leverage
Max Leverage
400:1
1:200
Tradable Assets
Tradable Assets
220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
1200+ Trading instruments including stocks, crypto, indexes, stocks, bond, energy, commodities, and ETF
Fees
Fees
Spread starting from 0.9 pips or commission from $3.5 to $7
Spread starting from 0.1 pips for all accounts
Platforms and Tools
Platforms and Tools
MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
MT4/MT5, JForex4
US Traders
US Traders
Not Allowed
Not Allow

AxiTrader Vs Dukascopy: Our Scores and Ratings

We rated both brokers, AxiTrader and Dukascopy, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

AxiTrader :

8.7
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)7.5
Trading tools (10%)7.4
Customer Support (10%)9.4
Trading Education (5%)9

Dukascopy:

8.2
Dukascopy Score
Regulation and Security (40%)8
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9
Trading Education (5%)9

Final Verdict :

AxiTrader and Dukascopy are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for AxiTrader is $0 , whereas the minimum deposit for Dukascopy is $100. Additionally, the maximum leverage for AxiTrader is 1:400. In contrast, the maximum leverage for Dukascopy is 200:1. AxiTrader offers passive investment programs like MAM and PAMM, while Dukascopy does not have any passive investment programs.Our score for AxiTrader is 8.7, and for Dukascopy, it is 8.2 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose AxiTrader. However, if you prefer another forex brokers that offer similar services, you may choose Dukascopy.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment