Dukascopy vs ProsperityFx | Our Analysis & Comparison in 2024

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Forex traders always look for trading with brokers that suit their trading needs and preferences. Dukascopy and ProsperityFX are online forex brokers that offer their trading services to traders and investors. Dukascopy is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions. On the other hand, ProsperityFX is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by Dukascopy and ProsperityFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

Dukascopy vs ProsperityFx: in a Nutshell

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

ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

Dukascopy vs ProsperityFX: Side By Side Comparison

Dukascopy
Prosperityfx
Product
Founded In
Founded In
2004
2020
Founded By
Founded By
Andre and Veronika Duka
Lee Sullivan
Headquarters
Headquarters
Geneva, Switzerland
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
FINMA
None
Min Deposit
Min Deposit
$100
$25
Max Leverage
Max Leverage
1:200
500:1
Tradable Assets
Tradable Assets
1200+ trading instruments Forex, indices, Stock, bonds, commodities, Energy, ETF,
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
Spread from
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
MT4/MT5, JForex4
MT4
US Traders
US Traders
Not Allow
Allowed

Dukascopy vs: ProsperityFX Features

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

Dukascopy vs ProsperityFX: 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.

ProsperityFX Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

Dukascopy Vs ProsperityFX: Our Scores and Ratings

We rated both brokers, Dukascopy and ProsperityFX, 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

ProsperityFX

3.6
ProsperityFx Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)5
Trading (15%)6.5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)9

Final Verdict :

Both Dukascopy and ProsperityFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation.Dukascopy is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FINMA and JFSA. On the other hand, ProsperityFX is an unregulated offshore forex broker.Dukascopy provides Multiple trading platforms including MT4, MT5, FOREX,Apple iOS,Web,Android. On the Contrary, ProsperityFX does not offer MT4/MT5. 

As Dukascopy is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, ProsperityFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt forDukascopy, while US traders looking for offshore forex brokers may consider ProsperityFX. Trading with offshore forex brokers is risky and not recommended.

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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