Dukascopy vs SmartFX
| Dukascopy | SmartFX |
|---|---|
3.6
|
1.3
|
|
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. |
SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC). |
| 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." | "Based on my time using the platform, I think SmartFX is a good choice for new traders looking for multi-asset trading opportunities on the MT5 terminal. However, the offshore VFSC regulation doesn't fill me with confidence and I don't appreciate the lack of transparency on the website." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options | Forex, CFD-indices, CFD-equities, futures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $500 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FINMA, FCMC, JFSA | VFSC |
| 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 | Yes |
| 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. |
|
| 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 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
|
|
| 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. | I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies. |
| Leverage | |
| 1:200 | 1:400 |
| FTSE Spread | |
| Variable | Floating |
| GBPUSD Spread | |
| 1.16 Av | Floating |
| Oil Spread | |
| 5.3 Av | Floating |
| Stocks Spread | |
| From 0.1 | Variable |
| 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. | I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots. |
| 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 | |
| 1.1 | Floating |
| EURUSD Spread | |
| 0.1 | Floating |
| EURGBP Spread | |
| 0.9 | Floating |
| Assets | |
| 63 | 43 |
| 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. | Crypto trading not offered |
| Spread | |
| From 0.1 | |
| Coins | |
|
|
| 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 |
|
|
|
| More Comparisons | |
|
Dukascopy vs |
SmartFX vs |