Forex.com 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. Forex.com is regulated by FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC. On the other hand, Dukascopy is regulated by FINMA (Switzerland) and JFSA (Japan). These two brokers offer almost similar services. However, each has its own strengths and weaknesses.
In this article, we will compare Forex.com with Dukascopy regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Forex.com is better than Dukascopy and vice versa. This comparison lets you understand which broker is better for your trading styles and preferences.
Forex.com vs Dukascopy: In a Nutshell
Forex.com
Founded in 2001 as part of Gain Capital Holdings, Forex.com is a well-established forex and CFD broker offering online trading services to retail traders worldwide. With over 4,500 trading instruments, including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver, Forex.com is a major player in the industry. It is regulated by top authorities such as the FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC.
The broker provides popular trading platforms and tools like MT4, MT5, WebTrader, MobileTrader, TradingView, Capitalise.ai, Active Trader, VPS, and more. Forex.com is a wholly-owned subsidiary of StoneX, a NASDAQ-listed company with assets exceeding $7.1 billion, offering institutional-grade financial services networks that connect people to global markets.To learn more, you can read our review on Forex.com
Forex.com Overview
- Founded In: 2001
- Founder: Gain Capital
- Headquarters: United States
- Minimum Deposit: $50
- Maximum Leverage: 50:1
- Regulations:FCA, DFSA, FSCA, FSA(Seychelles), CMA, and CySEC
- Trading platform:Mobile App, Web Trader, Meta Trader 5
- Account Types: 2, (Standard, Raw Spread)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
- US Traders: 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
- 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
Forex.com vs: Dukascopy Features
Forex.com
- Trading Instruments: 4500+Trading instruments including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver
- Maximum Leverage: The maximum leverage of forex.com is 50:1 for US clients, 30:1 for EU Clients, 400:1 for CMA clients, and 200:1 for Global clients.
- Minimum Deposit: $100
- Trading Fees: Starting from 1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
- 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
Forex.com vs Dukascopy : Pros and Cons
Forex.com Pros & Cons
- Regulated by NFA, FCA, ASIC, CySEC, IIROC, FSA, CIMA, MAS,
- Top-rated forex and CFD broker in the USA
- Free demo account for prospective traders
- Crypto Trading available on MT5 Trading Platforms
- Offers protection for U.K./E.U. client accounts
- VPS hosting for automated strategies
- Offers MAM account for passive investors
- Low forex fees, no FX commissions
- You can not deposit less than $100
- Maximum leverage is 1:50
- No account protection for U.S. clients
- An inactivity fee applied after 12 months of no account activity
- Non-user-friendly desktop platform
- Cannot buy and sell other securities (like stocks and bonds)
Dukascopy Pros & Cons
- 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
- 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.
Forex.com vs Dukascopy: Side-by-Side Comparison
Forex.com Vs Dukascopy: Our Scores and Ratings
We rated both brokers, Forex.com 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.
Forex.com :
Dukascopy
Forex.com vs Dukascopy: Which One is better?
Now the question comes: is Forex.com better than Dukascopy, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. If you are concerned about security and safety, you may choose a forex broker regulated by top regulatory authorities such as ASIC, CySEC, FCA, NFA, etc. If you are a scalper, you may prefer a forex broker that offers fixed or low spreads. If you want to copy trade from other successful traders, you may choose a forex broker that offers social copy trading facilities.
Both Forex.com and Dukascopy offer similar trading services worldwide. However, there are differences in their features, regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals
Forex.com :
- Top regulated forex broker accepting both US and non-US clients.
- No minimum deposit is required; you may deposit as little as $50.
- The maximum leverage for Forex.com is 1:50
- Forex.com offers a variety of trading tools and platforms, including MT5, Mobile App, Web Trader.
- Trading fees: Starting from 1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
- Forex.com does not offer CFDs to US clients due to regulatory restrictions.Â
Dukascopy:
- Regulated Forex Broker
- The minimum deposit is $100Â
- Maximum leverage is as high as 1:200
- Offers a large number of trading instruments and tools including MT4/MT5, JForex4
- The trading fee: 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).
- Dukascopy does not accept US clients.Â
Our score for Forex.com is 9, and for Dukascopy it is 8.2.
