Dukascopy vs TD Ameritrade | Our Analysis & Comparison in 2024

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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Dukascopy and TD Ameritrade are top-tier regulated brokers providing online trading services worldwide. Dukascopy is known for its social trading and multi-asset platform, regulated in two tier-1 jurisdictions including FINMA and JFSA. On the other hand, TD Ameritrade specializes in online forex trading, regulated by three tier-1 jurisdictions including SEC , FINRA , SIPC. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Dukascopy and TD Ameritrade in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.

Dukascopy vs TD Ameritrade: 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
  • 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

TD Ameritrade

Founded in 1971 as Ameritrade, TD Ameritrade is a well-known American online brokerage firm that offers a wide range of financial services including stocks, Forex,  options, ETFs Mutual Funds, fixed income and other investment products  TD Ameritrade went through a couple of acquisitions and mergers. In 2006, it acquired the US operations of TD Waterhouse, followed by the acquisition of Scottrade in 2017. Finally, in 2020, Charles Schwab Corporation acquired TD Ameritrade. TD Ameritrade provides access to both US and non-US traders to trade on this platform.

Dukascopy vs TD Ameritrade: Side By Side Comparison

Dukascopy
TD Ameritrade
Product
Founded In
Founded In
2004
1978
Founded By
Founded By
Andre and Veronika Duka
John Joseph Ricketts
Headquarters
Headquarters
Geneva, Switzerland
Omaha, United State
Regulations
Regulations
FINMA
SEC , CFTC
Min Deposit
Min Deposit
$100
None
Max Leverage
Max Leverage
1:200
50:1
Tradable Assets
Tradable Assets
1200+ trading instruments Forex, indices, Stock, bonds, commodities, Energy, ETF,
Stocks,Options,ETFs,Mutual Funds,Futures,Forex,Margin Trading,Bonds & Fixed Income.
Fees
Fees
Spread from
Spread from
Platforms and Tools
Platforms and Tools
MT4/MT5, JForex4
Web ,Mobile , thinkorswim Trading Platforms
US Traders
US Traders
Not Allowed
Allowed

Dukascopy vs TD Ameritrade: 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.

TD Ameritrade Pros & Cons

Pros
  • ETF, non-penny stock, and options trades are commission-free
  • Expansive trading tools and resources for all types of investors
  • Low trading fees (free stock and ETF trading)
  • Regulated by FINRA, SIBC 
  • Part of Charles Schwab Corporation since October 2020, with a combined 28 million clients and $6 trillion in assets.
  • The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.
  • There is a large selection of investments from which to choose
Cons
  • Broker-assisted trades are somewhat costly
  • No direct crypto Trading 
  • Forex trading via thinkorswim, a trading platform where you can trade forex
  • No MT4, MT5, cTraders  trading platforms are offered 
  • Fractional shares are not offered
  • Accounts mostly limited to US residents
  • As a U.S.-only forex broker, TD Ameritrade does not offer copy trading or MetaTrader (MT4).

Dukascopy Vs TD Ameritrade: Our Scores and Ratings

We rated both brokers, Dukascopy and TD Ameritrade, 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

TD Ameritrade

8.8
TD Ameritrade Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

Both Dukascopy and TD Ameritrade are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Dukascopy is a multi-asset and social trading platform, providing trading instruments, including forex, cryptocurrencies, indices, stocks, bonds, energy & metals.It offers both leverage and non-leverage tradable assets.  On the other hand, TD Ameritrade is a forex and CFD broker offering stocks,options,ETFs,mutual funds,futures,forex,margin trading,bonds & fixed income. 

Our score for Dukascopy is 8.2, and for TD Ameritrade, it is 8.8 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Dukascopy. However, if you prefer online forex and CFD brokers, you may choose TD Ameritrade.

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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