OctaFX vs Dukascopy

OctaFX vs Dukascopy Comparison Table 2023
OctaFX Dukascopy
WINNER
OctaFX is the better broker
4.1
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.

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

Pros
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
  • Regulatory oversight
  • Low minimum deposit
  • MetaTrader 4 integration
  • Full range of investments
  • Multiple account currencies
  • Joining bonus and volume discounts
Cons
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
  • No Islamic trading account
  • Time-consuming registration
Awards
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
  • 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
Promotions

Get A 20% Discount On Commissions At Dukacopy

Bonus
Up to 50% deposit bonus 10% Equity Bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
SVGFSA, CySEC FINMA, FCMC, JFSA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No 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
Yes No
Mobile Apps
Yes (iOS & Android) iOS, Android & webtrader
Auto Trading
Yes Yes (EAs & FIX APIs)
Copy Trading
Yes No
Copy Trading Platform
Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes No
Trade Signals
Yes (EAs) MetaTrader
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0 $40
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • HUF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage. Use CFDs to speculate on popular assets without taking ownership of the underlying asset.
Leverage
1:500 (Global), 1:30 (EU) 1:200
FTSE Spread
1.8 Variable
GBPUSD Spread<
1.1 1.16 Av
Oil Spread
0.7 5.3 Av
Stocks Spread
Variable From 0.1
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. Dukascopy offers FX trading on over 60 currency pairs.
Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

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 1.1
EURUSD Spread
0.7 0.1
EURGBP Spread
2.1 0.9
Assets
35 63
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD. Take positions on popular cryptos against the US Dollar.
Spread
Variable From 0.1
Coins
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
  • 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
Binary options trading not offered Dukascopy offers binary options on currency pairs alongside powerful trading tools and market insights.
Payout
90%
Expiry Times
1 minute - 1 day
Ladder Options
No No
Boundary Options
No No
More Comparisons
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