Binary.com vs Dukascopy

Binary.com vs Dukascopy Comparison Table 2024
Binary.com Dukascopy
4
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.

Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.

Bonus Offer
10% Equity Bonus
Comment by Reviewer
"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock." "Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading."
Pros
  • Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets
  • Strong global reputation with decades of experience in the trading industry
  • Beginners can practise strategies in the demo account with unlimited virtual funds
  • Instant deposit methods with minimum funding as low as $5
  • Variety of risk management tools including trading limits and self-exclusion protocols
  • Responsive 24/7 customer support via live chat, telephone, email or WhatsApp
  • Sign up for a CFD or Multiplier account in minutes
  • Dukascopy offers trading on a powerful proprietary platform plus the popular MT4
  • The broker hosts its own TV channel, alongside various educational materials and an active online community
  • Binary options are available as well as CFDs, providing straightforward up/down predictions on global assets
  • Heavily regulated brokerage including oversight from Swiss FINMA
  • Multiple account currencies including USD, EUR and CHF
  • There is a joining bonus and volume discounts
  • Full range of investments including cryptos
  • Low minimum deposit of $100
Cons
  • Limited regulatory oversight
  • DTrader platform only available via web browser
  • Narrow range of instruments vs other brokers
  • Time-consuming registration process
  • No Islamic trading account
Awards
  • Best Binary Options Broker 2019 - DayTrading.com
  • Best for Cryptocurrency trading in UAE, 2022
  • Best FX Research, 2022
  • Best ECN Broker for Beginners, 2021
  • Best Bank Broker, 2020
  • Best Technical Analysis Platform, 2020
  • Best Forex Trading Apps, 2019
Instruments
CFDs, Forex, Stocks, Cryptos Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options
Demo Account
Yes Yes
Minimum Deposit
$5 $100
Trading Platforms
  • MT5
  • MT4
  • AlgoTrader
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
MGA, SC FINMA, FCMC, JFSA
Margin Trading
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android iOS & Android
App Review

Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.

Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors’ charting tools. With 24/7 in-app support, it’s a top choice for new mobile traders.

Android App Rating
4.5
3.7
iOS App Rating
4.2
4.6
Auto Trading
Binary.com offer a self build robot feature to design, test and implement automated trading strategies Yes (EAs & FIX APIs)
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$40
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • HUF
Stock Exchanges
Commodities
CFD Trading
Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere. Dukascopy offers highly leveraged CFDs with rates up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are also tight starting from 0.1 pips and traders get 24/7 support.
Leverage
1:1000 1:200
FTSE Spread
1 pt var Variable
GBPUSD Spread
1 pip var 1.16 Av
Oil Spread
3 pips var 5.3 Av
Stocks Spread
From 0.1
Forex Trading
Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives. With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex.
Forex App

Dukascopy offers a free mobile app that can be used to trade the broker’s range of forex pairs. The application is also home to trading signals, price alerts and beginner-friendly charts and graphs. Close to 50 technical indicators, plus level two quotes are also available.

 

GBPUSD Spread
1 pip var 1.1
EURUSD Spread
0.5 pip var 0.1
EURGBP Spread
1 pip var 0.9
Assets
45+ 63
Cryptocurrency
Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform. Take positions on popular cryptos against the US Dollar. Traders can go long or short with decent leverage up to 1:5. Clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of broker insolvency.
Spread
BTC 2%, ETH 3% From 0.1
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • XLM
  • DSH
  • EOS
  • TRX
  • ADA
  • UNI
  • LNK
  • MAT
  • AVE
  • MKR
  • CMP
  • ENJ
  • YFI
  • BAT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and deposits are protected by EU law, though the $1000 starting investment is higher than alternatives.
Payout
91% 90%
Expiry Times
3 minutes - 1 day
Ladder Options
Yes No
Boundary Options
Yes No
More Comparisons
Binary.com
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