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Dukascopy vs Interactive Brokers
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Compare Dukascopy vs Interactive Brokers Side by Side
Can’t pick between Dukascopy and Interactive Brokers and have doubts of which broker is actually better? Use our detailed guide of Dukascopy Review vs Interactive Brokers Review, where we compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Website | //www.dukascopy.com | //www.interactivebrokers.co.uk |
| Founded year | 2004 | 1977 |
| Headquarter | Geneva, Switzerland | USA |
| Licenses | Switzerland, Latvia, Japan, UAE | USA, Canada, Australia, UK, Hong Kong, Japan, India |
| Minimum Deposit | US$ 1,000 | 100 US$ |
| Trading Platforms | JForex, MT4, Binary Trader | TWS, IB WebTrader |
| Eurusd avg Spread | 0.2 pips | 0.3 pips |
Licenses
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Licenses Countries Info (short) |
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Dukascopy and Interactive Brokers are reputable forex trading providers with extensive operating histories. They are known for their strict regulation by Tier 1 financial institutions and have established a global presence by maintaining entities in multiple countries. Notably, Interactive Brokers stands out by extending its trading services to clients in the United States.
Broker Types
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Broker types |
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Dukascopy functions as an ECN broker, whereas Interactive Brokers utilizes a range of execution models. Interactive Brokers acts as a DMA broker for certain assets and employs electronic bridges, STP, and OTC models for others, tailoring its approach to the specific type of asset being traded.
Trading Conditions
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Trading Conditions |
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Interactive Brokers sets itself apart with its advanced trading conditions, encompassing a broader array of features via its sophisticated packed with tools IBKR Trading Platform, also great for Algorithmic trading, APIs, and auto trading, making it a prime choice for experienced traders. On the other hand, Dukascopy can be a good fit for beginners with no restriction on trading strategies and overall good trading tools.
Fees & Commissions
| Fees & Commissions | Dukascopy | Interactive Brokers |
|---|---|---|
| Inactivity Feemonth | €50 | 0$ |
| Deposit fee | $0 | 0$ |
| Withdrawal fee | $0 | 0$ |
| Rollover fee eurusd buy 1 lot | -0.555 | -1.5% |
| Rollover fee eurusd sell 1 lot | 0.287 | +1.5% |
| Avg Eurusd standard acc | 0.2 pips | 0.3 pips |
| Gold | 30 | 1.5 bps |
| Brent oil | 5 | 0.05% |
| Bitcoin | 60 | 0.12-0.18% |
Both Dukascopy and Interactive Brokers offer low fees, including zero commission for deposits and withdrawals. However, Dukascopy charges a $50 inactivity fee, while both brokers offer relatively low trading spreads.
Account Types
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Account types |
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When comparing Dukascopy to Interactive Brokers, both brokers offer Standard accounts and Islamic accounts. However, Dukascopy’s account types vary according to traders’ preferences, whereas Interactive Brokers provides a wide range of over 10 account types, including options such as Family Accounts and Small Business Accounts, to cater to a diverse range of trader preferences.
Markets & Instruments
| Markets & Instruments | Dukascopy | Interactive Brokers |
|---|---|---|
| Forex | 18 | 100+ |
| Indices | 20 | ✔️ |
| Commodities | 11 | ✔️ |
| Cryptocurrencies | ✔️ | 4 |
| Shares | ✔️ | 70+ |
| Bonds | 3 | ✔️ |
| Options | ❌ | ✔️ |
| Binary options | ✔️ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ✔️ |
| Etfs | 50+ | 13000 |
Compared to Dukascopy, Interactive Brokers offers a more diverse range of financial instruments, including Real Stocks, Futures, and various CFDs, along with a broader selection of ETFs. Dukascopy, on the other hand, primarily focuses on a more limited range of instruments but distinguishes itself by offering binary options. It’s important to note that different asset classes come with distinct trading conditions and risks. Caution is advised when trading binary options due to their inherent high risk.
Trading Platforms
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Platforms |
|
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Dukascopy provides its own trading platform and offers options like MT4, with a focus on user-friendliness and accessibility, making it a suitable choice for beginner traders. In contrast, Interactive Brokers offers a range of proprietary IBKR platforms, including additional WebTrader, tailored for experienced traders seeking advanced technical solutions like API trading.
Deposit & Withdrawal Methods
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Payment methods |
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Dukascopy offers traders a wider range of e-payment methods, providing enhanced convenience with its diverse selection, also giving extra benefit to open Dukascopy Bank account so any money deposit-withdrawals are covered in a great benefit to the trader opening acocunt with Swiss Bank. In contrast, Interactive Brokers offers a more limited selection of deposit methods, including only credit/debit cards and a single e-wallet option.
Others
| Feature | Dukascopy | Interactive Brokers |
|---|---|---|
| Others |
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Others
Both Dukascopy and Interactive Brokers emphasize robust customer support and trader education. Dukascopy maintains a thriving online community of over 130,000 members for sharing trading experiences and insights, with chances to win prizes in contests. Interactive Brokers, on the other hand, offers an extensive Trading Academy with abundant educational resources, including tutorials, webinars, and practical apps, empowering traders with knowledge and support for success.
Conclusion on Interactive Brokers vs Dukascopy
In summary, both Dukascopy and Interactive Brokers are reputable and well-regulated brokers with solid international offerings, including proprietary platforms, competitive spreads, and favorable trading conditions. However, Interactive Brokers stands out for its advanced features like real stocks and futures investments and Islamic accounts, while Dukascopy is a good option for those interested in binary options trading with a regulated and regarded Broker, also accesing trading by Switzerland Brokers. Here is our final recommendation:
- Dukascopy — 🥇 Best Broker for Binary Option Trading with good conditions and user-friendly platform
- Interactive Brokers – 🥇 Best Broker for Auto Trading offering advanced technical solution and Best Real Stock Broker
