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Dukascopy vs UFX

Dukascopy vs UFX Comparison Table 2023
Dukascopy UFX
Review
3.6
Review
0.8
We do not recommend UFX. We have received numerous complaints about Account Managers forcing deposits and trades, and the website also no longer functions properly. Avoid.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Dukascopy is a Swiss-based forex, CFD, and binary options broker with tight spreads and MT4 trading.

UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.

Pros
  • Regulatory oversight
  • Low minimum deposit
  • MetaTrader 4 integration
  • Full range of investments
  • Multiple account currencies
  • Joining bonus and volume discounts
  • Regulatory oversight
  • Full range of investments
  • Multiple payment methods offered
  • Low minimum deposit
  • Demo account
Cons
  • No Islamic trading account
  • Time-consuming registration
  • No copy trading
  • No MT4 integration
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
  • Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017
  • FX Director of the Year - Dennis de Jong - The European 2016 & 2017
  • FX Broker of the Year - The European 2016 & 2017
  • Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016
  • Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
Promotions

Get A 20% Discount On Commissions At Dukacopy
Bonus
10% Equity Bonus
Instruments
Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options ETFs, Commodities, Forex, Stocks, Indices, CFDs
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 lots $1
Regulator
FINMA, FCMC, JFSA CySEC
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
Yes No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
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 Yes
Mobile Apps
iOS, Android & webtrader iOS & Android
Auto Trading
Yes (EAs & FIX APIs) Yes (EAs)
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$40 $100
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • HUF
  • USD
Stock Exchanges
Commodities
CFD Trading
Use CFDs to speculate on popular assets without taking ownership of the underlying asset. Invest in various markets without owning the underlying asset. Also trade with leverage.
Leverage
1:200 1:30
FTSE Spread
Variable Variable
GBPUSD Spread<
1.16 Av 3 - 5 pips
Oil Spread
5.3 Av 5 - 8 pips
Stocks Spread
From 0.1 Variable
Forex Trading
Dukascopy offers FX trading on over 60 currency pairs. Trade over 60 forex pairs with advanced analysis tools.
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 3 - 5 pips
EURUSD Spread
0.1 2 - 4 pips
EURGBP Spread
0.9 4 - 5 pips
Assets
63 65+
Cryptocurrency
Take positions on popular cryptos against the US Dollar. Crypto trading not offered
Spread
From 0.1
Coins
  • 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 alongside powerful trading tools and market insights. Binary options trading not offered
Payout
90%
Expiry Times
1 minute - 1 day
Ladder Options
No No
Boundary Options
No No
Review
Review
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