Dukascopy vs FXCM
| Dukascopy | FXCM |
|---|---|
3.6
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3.5
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 Traders from US not accepted
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Traders from US not accepted
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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. |
FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa. |
| Bonus Offer | |
| 10% Equity Bonus | |
| Promotions | |
| Comment by Reviewer | |
| "Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading." | "FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options | Stocks, Spreadbetting, CFD, Forex, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $50 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| FINMA, FCMC, JFSA | FCA, CySEC, ASIC. |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| iOS, Android & webtrader | iOS and Android |
| Auto Trading | |
| Yes (EAs & FIX APIs) | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| MetaTrader | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $40 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| 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. | Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions. |
| Leverage | |
| 1:200 | 1:30 |
| FTSE Spread | |
| Variable | 1.18 pts var* |
| GBPUSD Spread | |
| 1.16 Av | 0.5 pips* |
| Oil Spread | |
| 5.3 Av | 0.05 (var)* |
| Stocks Spread | |
| From 0.1 | 0.2% Var* |
| Forex Trading | |
| 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. | Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms. |
| 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.
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| GBPUSD Spread | |
| 1.1 | 0.5 pips var* |
| EURUSD Spread | |
| 0.1 | 0.2 pips var* |
| EURGBP Spread | |
| 0.9 | 0.5 pips var* |
| Assets | |
| 63 | 40 |
| Currency Indices | |
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| Cryptocurrency | |
| 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. | Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. |
| Spread | |
| From 0.1 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| 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. | Binary options trading not offered |
| Payout | |
| 90% | |
| Expiry Times | |
| 3 minutes - 1 day | |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | No |
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| More Comparisons | |
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Dukascopy vs |
FXCM vs |