Dukascopy vs Nadex

Dukascopy vs Nadex Comparison Table 2024
Dukascopy	Nadex
Review 3.6	Review 4.3

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.	Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.
Bonus Offer
10% Equity Bonus
Comment by Reviewer
"Dukascopy will appeal to active day traders with fee rebates and the JForex platform for automated trading."	"Nadex maintains its position as a top binary options exchange in the US, with robust licensing, competitive fees and a bespoke, feature-rich charting platform. The $10,000 free demo account and range of educational resources make it a particularly good pick for beginners."
Pros
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	The broker's flagship terminal offers a decent range of charting features, including 25+ indicators and 20 drawing tools There's a range of timeframes, from ticks to hours, that will suit both short and longer term strategies Good educational resources are available in the Blog for those new to binary options trading There's a free demo account for new users, with $10,000 virtual cash Nadex maintains a high trust score thanks to its CFTC regulation
Cons
Time-consuming registration process No Islamic trading account	There are limited payment methods supported compared to other brokers, with only transfers, checks and debit cards available There is only a single platform option, with no third-party software like MT4 or MT5 The range of markets is very narrow, including 11 currency pairs and only 8 cryptos Nadex doesn't offer any rebate schemes or perks for active trading
Awards
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
Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options	Binary Options, Knock Outs™, Call Spreads
Demo Account
Yes	Yes
Minimum Deposit
$100	$250
Trading Platforms
MT4 AlgoTrader	Own
Payment Methods
Apple Pay Bitcoin Payments Credit Card Debit Card Maestro Mastercard Neteller Samsung Pay Skrill Visa Wire Transfer	ACH Transfer Cheque Debit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
FINMA, FCMC, JFSA	CFTC
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	NadexGO
App Review
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.	NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.
Android App Rating
3.7
iOS App Rating
4.6
Auto Trading
Yes (EAs & FIX APIs)	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
MetaTrader	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$40	$10
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY TRY SEK NOK DKK CHF PLN HUF	USD
Stock Exchanges
Australian Securities Exchange (ASX) 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	DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500 Shenzhen Stock Exchange
Commodities
Cocoa Coffee Copper Cotton Gasoline Oil Palladium Platinum Sugar	Gold Natural Gas Oil Silver
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.	CFD trading not offered
Leverage
1:200
FTSE Spread
Variable
GBPUSD Spread
1.16 Av
Oil Spread
5.3 Av
Stocks Spread
From 0.1
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.	Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex continues to offer a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly.
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.	NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.
GBPUSD Spread
1.1	0.25 pips Var
EURUSD Spread
0.1	0.25 pips Var
EURGBP Spread
0.9	0.25 pips Var
Assets
63	11
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.	Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token.
Spread
From 0.1	Variable
Coins
BTC ETH LTC BCH XLM DSH EOS TRX ADA UNI LNK MAT AVE MKR CMP ENJ YFI BAT	BTC ETH
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.	Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds.
Payout
90%	Exchange (See Full Review)%
Expiry Times
3 minutes - 1 day	5 seconds - 1 week
Ladder Options
No	No
Boundary Options
No	Yes

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