Dukascopy vs EagleFX | Our Analysis & Comparison in 2024

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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
  • 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

EagleFX

Though EagleFX is unregulated, it asserts that clients’ Bitcoin deposits are safely stored in a cold storage location. Bitcoin is the primary payment option used by EagleFX. You can start trading with just $10 on its MT4 platforms and enjoy deep liquidity, tight spreads, and speedy STP executions.

Eaglefx Overview
  • Founded In: 2019
  • Minimum Deposit: $10
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4 ,Webtrader
  • Account Types: 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Dukascopy vs EagleFX: Side By Side Comparison

Dukascopy
EagleFX
Product
Founded In
Founded In
2004
2019
Founded By
Founded By
Andre and Veronika Duka
Not Found
Headquarters
Headquarters
Geneva, Switzerland
Roseau Valley 00152, Dominica
Regulations
Regulations
FINMA
None
Min Deposit
Min Deposit
$100
$10
Max Leverage
Max Leverage
1:200
500:1
Tradable Assets
Tradable Assets
1200+ trading instruments Forex, indices, Stock, bonds, commodities, Energy, ETF,
Currencies , Cryptocurrencies, Commodities , Stocks , Indices , Futures
Fees
Fees
Spread from
Spread from
Platforms and Tools
Platforms and Tools
MT4/MT5, JForex4
MT4 , WebTrader
US Traders
US Traders
Not Allow
Allowed

Dukascopy vs EagleFX: Pros and Cons

Dukascopy Pros & Cons

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.

EagleFX Pros & Cons

Pros
  • The maximum leverage is as high as 1:500
  • The minimum deposit is as low as $10
  • Scalping Hedging, News trading, and the use of trading robots are allowed 
  • Speedy STP trade executions in less than a second. 
  • Over 150 trading instruments can be traded on the platforms. 
  • Offers free demo accounts 
  • The round-turn commission is $6, which is low and competitive compared to others.  
  • Zero Fees on Deposit and Withdrawal 
  • Offers Crypto CFD Trading 
Cons
  •  The broker is not regulated 
  •  No investor protection scheme for traders 
  • No managed accounts, social trading, or any provision for investors. 
  • Limited Deposit and Withdrawal Options 
  • Ctrader, Zulutrade, and Tradingview are not available 
  • There are no educational resources

Dukascopy Vs EagleFX: Our Scores and Ratings

We rated both brokers, Dukascopy and EagleFX, 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.

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

EagleFX

3.4
EagleFx Scores
Regulation and Security (40%)1.8
Fees and Commissions (20%)6.5
Trading (15%)5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)1

Final Verdict :

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.

DisclosureAt 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.

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