Dukascopy vs SmartFX

Dukascopy vs SmartFX Comparison Table 2024
Dukascopy SmartFX

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."
  • 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
  • I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS
  • There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times
  • I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods
  • I like that beginners can access copy trading opportunities via the Social Trading network
  • Time-consuming registration process
  • No Islamic trading account
  • I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker
  • The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me
  • There's barely any additional tools and resources available, and the educational content is weak compared to top brands
  • I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands
  • 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
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
  • MT4
  • AlgoTrader
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
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
iOS App Rating
Auto Trading
Yes (EAs & FIX APIs) Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader Yes
VPS Hosting
Yes No
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • HUF
Stock Exchanges
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.
1:200 1:400
FTSE Spread
Variable Floating
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.


1.1 Floating
0.1 Floating
0.9 Floating
63 43
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
From 0.1
  • 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
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
Expiry Times
3 minutes - 1 day
Ladder Options
No No
Boundary Options
No No
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