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Dukascopy vs Swissquote
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Compare Dukascopy vs Swissquote Side by Side
Choosing between Dukascopy and Swissquote and have doubts about which broker is actually a better option? Use our detailed guide of Dukascopy Review vs Swissquote 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 | Swissquote |
|---|---|---|
| Website | //www.dukascopy.com | //www.swissquote.com |
| Founded year | 2004 | 1996 |
| Headquarter | Geneva, Switzerland | Switzerland |
| Licenses | Switzerland, Latvia, Japan, UAE | Switzerland, UK, Luxembourg, UAE, Hong Kong, Singapore, Malta |
| Minimum Deposit | US$ 1,000 | 1,000 US$ |
| Trading Platforms | JForex, MT4, Binary Trader | MT4, MT5, eTrading, Swiss DOTS, Advanced Trader |
| Eurusd avg Spread | 0.2 pips | 1.3 pips |
Licenses
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Licenses Countries Info (short) |
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Both Dukascopy and Swissquote are reputable Swiss-based brokers that also function as banks. They comply with rigorous financial regulations within the EU framework and manage international branches to extend their global presence.
Broker Types
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Broker types |
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Dukascopy functions as an ECN broker, whereas Swissquote positions itself as both STP and Market Maker, providing a combination of immediate order routing and internal order fulfillment, appealing to a diverse range of traders and investment preferences.
Trading Conditions
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Trading Conditions |
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Dukascopy and Swissquote both provide identical trading opportunities. They cater to a variety of trading strategies, such as scalping and hedging, and equip traders with an extensive range of tools
Fees & Commissions
| Fees & Commissions | Dukascopy | Swissquote |
|---|---|---|
| Inactivity Feemonth | €50 | $10 |
| Deposit fee | $0 | $0 |
| Withdrawal fee | $0 | $0 |
| Rollover fee eurusd buy 1 lot | -0.555 | 0.79 |
| Rollover fee eurusd sell 1 lot | 0.287 | -4.05 |
| Avg Eurusd standard acc | 0.2 pips | 1.3 pips |
| Gold | 30 | 28.6 |
| Brent oil | 5 | 5 |
| Bitcoin | 60 | 1% |
Both Dukascopy and Swissquote provide competitive fees, with no commissions on deposits and withdrawals. Nonetheless, Dukascopy levies a $50 inactivity fee, whereas Swissquote imposes a $10 inactivity charge. Additionally, Dukascopy features relatively tight trading spreads, while Swissquore offers spreads higher than the industry average.
Account Types
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Account types |
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Dukascopy provides a range of accounts designed to cater to different client types, whereas Swissquote structures their accounts based on various trading styles and preferences. Both brokers offer standard accounts and also cater to traders who adhere to Sharia principles by providing Islamic accounts.
Markets & Instruments
| Markets & Instruments | Dukascopy | Swissquote |
|---|---|---|
| Forex | 18 | 80 |
| Indices | 20 | 45 |
| Commodities | 11 | 23 |
| Cryptocurrencies | ✔️ | 27 |
| Shares | ✔️ | 2000+ |
| Bonds | 3 | ❌ |
| Options | ❌ | ✔️ |
| Binary options | ✔️ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 10 |
| Etfs | 50+ | 1200+ |
Both brokers feature a similar selection of markets. However, Swissquote appears to have a more extensive array of instruments. On the other hand, Dukascopy holds a distinct advantage by providing binary options.
Trading Platforms
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Platforms |
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Dukascopy offers its proprietary trading platform along with popular choices like MT4, emphasizing ease of use and accessibility, making it an ideal pick for novice traders. Conversely, Swissquote provides the complete MetaTrader suite, including MT4 and MT5, and also features its unique platform tailored to the specific needs of its clientele.
Deposit & Withdrawal Methods
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Payment methods |
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Dukascopy presents traders with an extensive array of e-payment options, ensuring greater flexibility with its varied choices. Conversely, Swissquote provides a narrower range of deposit options, restricting it to credit/debit cards. Moreover, both brokers facilitate the opening of bank accounts.
Others
| Feature | Dukascopy | Swissquote |
|---|---|---|
| Others |
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Others
Both Dukascopy and Swissquote excel in providing exemplary customer support through various channels such as email, phone, and live chat, all while maintaining a high standard of professionalism. Each broker places a strong emphasis on educating traders and provides an extensive range of educational materials, from guides and video lessons to webinars and tools for market research.
Conclusion on Swissquote vs Dukascopy
In summary, Dukascopy and Swissquote stand as esteemed and rigorously regulated brokers, each boasting robust global services that include unique trading platforms, attractive spreads, and advantageous trading terms. Their dual role as banks also introduces added perks, such as the option to open bank accounts. While Dukascopy tends to be more favorable for those interested in binary options and offers somewhat tighter spreads, Swissquote shines with its all-encompassing suite of trading platforms, particularly MT4 and MT5. Here is our final recommendation:
- Dukascopy — 🥇 Best Broker for Long TermTrading with good conditions and a user-friendly platform
- Swissquote – 🥇 Best Broker for Swing Trading offering a comprehensive set of trading solutions
