CMC Markets vs Dukascopy

CMC Markets vs Dukascopy Comparison Table 2023
CMC Markets Review 2023	Dukascopy Review 2023
Review 4.7	Review 3.6
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders.	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.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Bonus Offer
	10% Equity Bonus
Promotions
	Get A 20% Discount On Commissions At Dukacopy
Comment by Reviewer
"CMC Markets is a great option for active traders with thousands of instruments, spreads from 0.0 pips and an award-winning trading platform."	"Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading."
Pros
Easy to use proprietary platform with intuitive features including a pattern recognition scanner and 40+ indicators and drawing tools Transparent pricing model with lower spreads than alternatives and no deposit or withdrawal fees Comprehensive suite of market research tools and analyst insights to help make informed trading decisions CMC Alpha loyalty scheme with great perks for high-volume traders including premium support and 5% to 28.6% discounts on spreads A hugely respected broker listed on the London Stock Exchange with 300,000+ clients Responsive and knowledgeable support team available 24/5 to help new traders get started quickly	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
A $10 monthly inactivity fee that kicks in after 12 months of no activity Spread betting is only available in the UK US clients are not accepted	Time-consuming registration process No Islamic trading account
Awards
Best Trading App 2023 - DayTrading.com No.1 Platform Technology 2022 No.1 New Tool 2022 No.1 Most Currency Pairs 2022 Best Trade Execution 2021 Best Forex Broker For Beginners 2021 Most Transparent Forex Broker Europe 2020 Best Trading Platform 2020 Best Trading App 2019 Best Customer Service 2018	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, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting	Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
MT4	MT4 AlgoTrader
Payment Methods
Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	Apple Pay Bitcoin Payments Credit Card Debit Card Maestro Mastercard Neteller Samsung Pay Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, MAS, CIRO	FINMA, FCMC, JFSA
Margin Trading
Yes	Yes
Margin Rate
1%
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
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS, Android & webtrader
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes (EAs & FIX APIs)
Copy Trading
No	No
Social Trading
Yes	No
Trade Signals
Yes	MetaTrader
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10	$40
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD SEK PLN	USD EUR GBP CAD AUD JPY TRY SEK NOK DKK CHF PLN HUF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange Shenzhen Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Coffee Cannabis Copper Gold Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Steel Sugar Wheat	Cocoa Coffee Copper Cotton Gasoline Oil Palladium Platinum Sugar
CFD Trading
CMC Markets offers leveraged CFDs on an extensive list of 12,000+ instruments with transparent pricing, powerful trading software and ultra-fast execution speeds. Out-of-hours trading on CFD indices is also available, plus 24/5 award-winning customer support.	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
1:30 (Retail), 1:500 (Pro)	1:200
FTSE Spread
1 pt	Variable
GBPUSD Spread
0.9	1.16 Av
Oil Spread
3.5	5.3 Av
Stocks Spread
0.02	From 0.1
Forex Trading
CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals.	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
CMC Markets deliver an award-winning app, compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators.	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
0.9	1.1
EURUSD Spread
0.7	0.1
EURGBP Spread
1.1	0.9
Assets
330+	63
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
CMC Markets offers trading on popular digital tokens and crypto indices for broader exposure to the market. There is minimal slippage and an excellent 99.9% fill rate.	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
from 1.3	From 0.1
Coins
BTC BCH ETH LTC EOS TRON NEO ADA XLM	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 options trading not offered	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
	90%
Expiry Times
	3 minutes - 1 day
Ladder Options
No	No
Boundary Options
No	No

Review	Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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