Dukascopy vs. Saxo Bank

Dukascopy
50%
Deposit 100 EUR/USD
Spreads 1.02 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 2004
Currency Pairs (Total Forex pairs) 64
Country: Switzerland
Regulation:
Trading app:
MetaTrader 4 (MT4)
Desktop Platform (Windows)
Number of CFD asset classes: 6
Broker type: ECN, MM
Support:
Phone
Mail
Chat
Funding methods:
Visa/Mastercard
Bank Wire
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:
Saxo Bank
45%
Deposit 2000 EUR/USD
Spreads 2 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 1992
Currency Pairs (Total Forex pairs) 182
Country: Denmark, UK
Regulation:
FCA (UK)
ASIC (Australia)
Cysec
Trading app:
Web Platform
Number of CFD asset classes: 5
Broker type: ECN, STP
Support:
Phone
Mail
Chat
Funding methods:
Visa/Mastercard
Bank Wire
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:

Winner of the comparison

41%
Dukascopy
45%
Saxo Bank
Winner
If you don’t want to read the full comparison, the winner of our review is Saxo Bank, which takes the lead with a rating of 45%, while Dukascopy only reaches 41%. Dukascopy requires a minimum deposit of 100 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, Dukascopy is more welcoming to traders with smaller budgets. For Dukascopy, the spread is 1.02 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make Dukascopy a more advantageous choice. Dukascopy offers 64 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. Dukascopy was founded in 2004, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. This advantage goes to Saxo Bank, while Dukascopy lacks it. Dukascopy is overseen by 0 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. Dukascopy supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives Dukascopy the lead.

Comprehensive Comparison: Dukascopy vs Saxo Bank

A detailed look at two popular brokers from our portfolio

Comparison Result
Winner of this comparison: Saxo Bank with an overall rating of 45%
Dukascopy
Min. Deposit
100
EUR/USD Spread
1.02
Currency Pairs
64
Year Established
2004
Saxo Bank
Min. Deposit
2000
EUR/USD Spread
2
Currency Pairs
182
Year Established
1992

Key Strengths

Dukascopy
    • Offers a wide range of trading instruments including Forex, metals, cryptocurrencies, CFD on indices, bonds, stocks, and binary options.
    • Dukascopy provides high-quality trading platforms like JForex, MT4, suitable for both manual and automated trading.
    • In addition to trading services, Dukascopy also offers banking services such as e-banking, credit cards, and currency exchange services.
Saxo Bank
    • Fully licensed European company with strong backing
    • More suitable for professional traders
    • Proprietary trading platforms
    • Competitive trading spreads
    • Really large number of trading instruments

Comparison by Categories

Trading Tools
Dukascopy
80%
Saxo Bank
100%
Trading Platforms
Dukascopy
29%
Saxo Bank
14%
Trading Costs
Dukascopy
80%
Saxo Bank
80%
Educational Materials
Dukascopy
50%
Saxo Bank
67%
Customer Support
Dukascopy
100%
Saxo Bank
100%
Overall Rating
Dukascopy
41%
Saxo Bank
45%

Our Recommendations

Best for Beginners
Thanks to comprehensive educational materials and a user-friendly platform, Saxo Bank is an ideal choice for new traders.
Best Platform
The trading platform of broker Dukascopy offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
Investments
# Dukascopy Saxo Bank
Currency Pairs (Total Forex pairs) 64 182
CFDs – Total Offered 593+ 201+
Options CFD
Share CFDs
Forex CFD
Commodities CFD
ETF CFD
Indicies CFD
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Investments rating 75% 62%
Winner
Cost
# Dukascopy Saxo Bank
Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 1.02 2
Deposit from 100 2000
Account fee
Inactivity fee
Active Trader or VIP Discounts
Withdrawal fees
Deposit fees
Cost rating 80% 80%
Winner
Trading app
# Dukascopy Saxo Bank
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Currenex
cTrader
Trading Platforms rating 29% 14%
Winner
Trading Tools
# Dukascopy Saxo Bank
Financial leverage
Virtual Trading (Demo)
Alerts – Basic Fields
Charting – Indicators / Studies (Total)
Charting – Drawing Tools (Total)
Charting – Trade From Chart
Stop-Loss
Finacial Calendar
Daily financial news
Order Type – Trailing Stop
Trading Tools rating 80% 100%
Winner
Research
# Dukascopy Saxo Bank
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
Social Sentiment – Currency Pairs
Economic Calendar
Research
Research rating 50% 83%
Winner
Education
# Dukascopy Saxo Bank
Has Education – Forex
Has Education – CFDs
Client Webinars
Videos – Advanced Trading Videos
Investor Dictionary (Glossary)
Education
Education rating 50% 67%
Winner
Forex
# Dukascopy Saxo Bank
GBP/USD
USD/JPY
EUR/USD
USD/CHF
USD/CAD
NZD/USD
AUD/USD
Major Forex Pairs rating 100% 100%
Winner
Commodities
# Dukascopy Saxo Bank
Gold
Silver
WIT Oil
Brent Oil
Coffee
Cocoa
Soybeans
Rice
Corn
Platinum
Palladium
Commodities rating 45% 36%
Winner
Indicies
# Dukascopy Saxo Bank
DAX 40
S&P 500
Nasdaq
Dow Jones
Nikkei
Indices rating 100% 100%
Winner
Cryptocurrencies
# Dukascopy Saxo Bank
Bitcoin
Litecoin
Ethereum
Ripple
Neo
Stellar
Cardano
Tron
Monero
EOS
Cryptocurrencies rating 40% 0%
Winner
Regulations
# Dukascopy Saxo Bank
Cysec
ASIC (Australia)
FCA (UK)
Authorised in the European Union (EU)
CFTC Registered (USA)
FINMA (Switzerland)
Regulations rating 0% 50%
Winner
Support
# Dukascopy Saxo Bank
Chat
Phone
Mail
Support rating 100% 100%
Winner
Overall
# Dukascopy Saxo Bank
Go to the full broker review Dukascopy Saxo Bank
Win / Loss % 41% 45%
Winner