Pepperstone vs Dukascopy Compared 2024 : Pros, Cons, and More!

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Pepperstone and Dukascopy are two popular forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Pepperstone is regulated by three Tier-1, two Tier-2, and two Tier-4 jurisdictions, including FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, the Dukascopy is regulated by Two Tier-1 jurisdictions including FINMA and JFSA. These two brokers offer similar services. However, each broker has its strengths and weaknesses.

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

Pepperstone vs Dukascopy: In a Nutshell

Pepperstone

Founded in 2010; Pepperstone gives you access to trade more than 1200 forex/CFDs on its powerful platforms; MT4, MT5, cTrader, and TradingView. Courtesy of its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in 7 jurisdictions and boasts of over 400,000 clients from all over the world.

Pepperstone At a Glance

Pepperstone At a Glance
  • Founded In: 2010
  • Minimum Deposit: $200
  • Maximum Leverage: 400:1
  • Regulations: ASIC, CySEC, SCB, BaFIN,CMA,DFSA, FCA
  • Trading platform: MT4, MT5, cTrader, DupliTrade, TradingView
  • Account Types: Standard, cTrader raw spread, MetaTrader raw spread , Islamic
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
  • 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
  • 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

Pepperstone vs Dukascopy: Pros and Cons

Pepperstone

Pros
  • Regulated in 7 Reputed Jurisdictions (FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA in Kenya, and SCB in the Bahamas) 
  • Fast order execution (fast execution on an average of 30 ms) 
  • Competitive spread starting from 0.0 pips 
  • Segregated clients fund with tire 1 bank 
  • No Inactivity Fees 
  • Attractive Trading Conditions 
  • Wide Range of Instruments Offered 
  • Fast and full online account opening 
  • MT4 Smart trader tools, Autochartist, Capitalise.ai, and free VPS are some of the trading tools available.
Cons
  • US Traders not allowed 
  • Only CFDs are Offered 
  • No cent/Micro Account 
  • Minimum deposit 200
  • Support works only 24/5  
  • Limited account protection for non-U.K./E.U. clients
  • No guaranteed Stop loss 
  • 30-day expiry for demo accounts

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.

Pepperstone vs Dukascopy: Side-by-Side Comparison

Pepperstone
Dukascopy
Product
Founded In
Founded In
2010
2004
Founded By
Founded By
Owen Kerr and Joe Davenport
Andre and Veronika Duka
Headquarters
Headquarters
Melbourne, Australia
Geneva, Switzerland
Regulations
Regulations
FCA, ASIC, SCB, CMA, CySEC and BaFin
FINMA
Min Deposit
Min Deposit
None
$100
Max Leverage
Max Leverage
1:500
1:200
Tradable Assets
Tradable Assets
Over 1200 forex, CFDs in stocks, indices, commodities, ETFs and Cryptos
1200+ trading instruments Forex, indices, Stock, bonds, commodities, Energy, ETF,
Fees
Fees
Spread from 1.0 pips, commissions $7/round lot
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, TradingView
MT4/MT5, JForex4
US Traders
US Traders
Not Allowed
Not Allow

Pepperstone Vs Dukascopy: Our Scores and Ratings

We rated both brokers, Pepperstone 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.

Pepperstone :

9.4
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9.2
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)8

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 :

Pepperstone and Dukascopy are regulated forex and CFD brokers in the industry. Both They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. 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 Pepperstone is $0 (with $200 recommended), whereas the minimum deposit for Dukascopy is $100. Additionally, the maximum leverage for Pepperstone is 500:1 for professional traders and 200:1 for retail traders, whereas the maximum leverage for Dukascopy is 200:1. Pepperstone offers passive investment programs like MAM and PAMM, while Dukascopy does not have any passive investment programs.

Our score for Pepperstone is 9.4, 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 Pepperstone. However, if you prefer high-leverage 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.

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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