Dukascopy vs. Saxo Bank
Comparison: Dukascopy vs. Saxo Bank – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Saxo Bank with an overall rating of 45%
Basic information
| Basic information |  Dukascopy |  Saxo Bank |
|---|---|---|
| Deposit | 100 EUR/USD | 2000 EUR/USD |
| Spreads | 1.02 EUR/USD | 2 EUR/USD |
| Established | 2004 | 1992 |
| Currency Pairs (Total Forex pairs) | 64 | 182 |
| Country | Switzerland | Denmark, UK |
| Regulation | Yes | FCA (UK), ASIC (Australia), Cysec |
| Trading app | MetaTrader 4 (MT4), Desktop Platform (Windows) | Web Platform |
| Number of CFD asset classes | 6 | 5 |
| Broker type | ECN, MM | ECN, STP |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
68.82% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparison Result
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.
41%
Dukascopy
45%
Saxo Bank
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
Comprehensive Comparison: Dukascopy vs Saxo Bank
Dukascopy Saxo Bank Investments
75 % 62 %| Investments | Dukascopy | Saxo Bank |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 64 | 182 |
| CFDs – Total Offered | 593+ | 201+ |
| Options CFD | No | No |
| Share CFDs | No | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | Yes | No |
| Cryptocurrency traded as CFD | Yes | No |
Cost
80 % 80 %| 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 | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | No | No |
| Deposit fees | No | No |
Trading app
29 % 14 %| Trading app | Dukascopy | Saxo Bank |
|---|---|---|
| Desktop Platform (Windows) | Yes | No |
| Web Platform | No | Yes |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
80 % 100 %| Trading Tools | Dukascopy | Saxo Bank |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | Yes |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | No | Yes |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | Yes |
| Daily financial news | Yes | Yes |
| Order Type – Trailing Stop | No | Yes |
Research
50 % 83 %| Research | Dukascopy | Saxo Bank |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | No | Yes |
| Research | No | Yes |
Education
50 % 67 %| Education | Dukascopy | Saxo Bank |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
| Education | No | No |
Forex
100 % 100 %| Forex | Dukascopy | Saxo Bank |
|---|---|---|
| GBP/USD | Yes | Yes |
| USD/JPY | Yes | Yes |
| EUR/USD | Yes | Yes |
| USD/CHF | Yes | Yes |
| USD/CAD | Yes | Yes |
| NZD/USD | Yes | Yes |
| AUD/USD | Yes | Yes |
Commodities
45 % 36 %| Commodities | Dukascopy | Saxo Bank |
|---|---|---|
| Gold | No | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | Yes | No |
| Cocoa | Yes | No |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | No | No |
| Palladium | No | No |
Indicies
100 % 100 %| Indicies | Dukascopy | Saxo Bank |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
40 % 0 %| Cryptocurrencies | Dukascopy | Saxo Bank |
|---|---|---|
| Bitcoin | Yes | No |
| Litecoin | Yes | No |
| Ethereum | Yes | No |
| Ripple | No | No |
| Neo | No | No |
| Stellar | Yes | No |
| Cardano | No | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
0 % 50 %| Regulations | Dukascopy | Saxo Bank |
|---|---|---|
| Cysec | No | Yes |
| ASIC (Australia) | No | Yes |
| FCA (UK) | No | Yes |
| Authorised in the European Union (EU) | No | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | Dukascopy | Saxo Bank |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
41 % 45 %| Overall | Dukascopy | Saxo Bank |
|---|
Our Recommendations
Best for Saxo Bank
Thanks to comprehensive educational materials and a user-friendly platform, Saxo Bank is an ideal choice for new traders.
Best Platform Dukascopy
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.
Dukascopy Saxo Bank