Dukascopy vs ThinkMarkets
| Dukascopy | ThinkMarkets |
|---|---|
3.6
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4
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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. |
Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. |
| 71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
| Customer Reviews | |
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5
Based on 1 ThinkMarkets customer reviews
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| 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." | "With its diverse asset list, competitive fees and superb charting software, ThinkMarkets maintains its position as a top choice for most CFD traders. That said, experienced traders will particularly appreciate the range of advanced tools, including forex signals and VPS solutions." |
| 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 | CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FINMA, FCMC, JFSA | FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| Yes | 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 | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| 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. |
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| Android App Rating | |
3.7 |
4 |
| iOS App Rating | |
4.6 |
4.8 |
| Auto Trading | |
| Yes (EAs & FIX APIs) | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| MetaTrader | Signal Centre |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $40 | $0 |
| Islamic Account | |
| Yes | Yes |
| 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. | ThinkMarkets continues to offer an excellent range of around 3500 CFD instruments covering forex, indices, stocks and commodities. Leverage is available up to 1:30 in the EU and UK, while global clients can access up to 1:500. |
| Leverage | |
| 1:200 | 1:500 |
| FTSE Spread | |
| Variable | 0.7 |
| GBPUSD Spread | |
| 1.16 Av | 0.4 |
| Oil Spread | |
| 5.3 Av | 0.03 |
| Stocks Spread | |
| From 0.1 | From 0.4 |
| 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. | ThinkMarkets offers 46 currency pairs, which is around the industry average. Forex traders can benefit from tight 0.0-pip spreads for EUR/USD during peak market hours. Additionally, the ThinkTrader proprietary platform offers an impressive 125+ technical indicators - ideal for complex forex strategies. |
| 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 | 0.3 |
| EURUSD Spread | |
| 0.1 | 0.0 |
| EURGBP Spread | |
| 0.9 | 0.0 |
| Assets | |
| 63 | 45+ |
| 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. | With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions. |
| Spread | |
| From 0.1 | BTC 25, ETH 6 (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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| 71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
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