ForexTime vs. Dukascopy
Comparison: ForexTime vs. Dukascopy – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: ForexTime with an overall rating of 46%
Basic information
| Basic information |  ForexTime |  Dukascopy |
|---|---|---|
| Deposit | 200 EUR/USD | 100 EUR/USD |
| Spreads | 1.5 EUR/USD | 1.02 EUR/USD |
| Established | 2011 | 2004 |
| Currency Pairs (Total Forex pairs) | 35 | 64 |
| Country | Cyprus | Switzerland |
| Regulation | FCA (UK), Cysec | Yes |
| Trading app | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Desktop Platform (Windows) |
| Number of CFD asset classes | 6 | 6 |
| Broker type | ECN, STP | ECN, MM |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Skrill, Visa/Mastercard, Bank Wire, WebMoney | * 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.
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.
68.82% of retail investor accounts lose money when trading CFDs with this provider.
Comparison Result
In terms of overall rating, both brokers are equal – both have 46%. ForexTime requires a minimum deposit of 200 EUR/USD, while Dukascopy sets it at 100 EUR/USD. Conversely, Dukascopy scores with a lower minimum deposit. For ForexTime, the spread is 1.5 EUR/USD, while for Dukascopy it is 1.02 EUR/USD. Lower spreads at Dukascopy give it the edge. ForexTime offers 35 forex pairs, while Dukascopy provides 64. More options come with Dukascopy. ForexTime was founded in 2011, while Dukascopy has been operating since 2004. The older Dukascopy has the upper hand in this regard. Unfortunately, neither of them offers this option. ForexTime is overseen by 2 regulatory bodies, while Dukascopy has 0. More regulations at ForexTime enhance its trustworthiness. ForexTime supports 2 platforms, while Dukascopy offers 2. In terms of platform count, both are on the same level.
46%
ForexTime
41%
Dukascopy
Key Strengths
ForexTime
- Strong educational materials: FXTM provides a wide range of educational materials that can help traders improve their skills and understanding of the markets.
- Flexible account types: The platform offers various account types, allowing traders to choose the right option according to their needs and preferences.
- Dedicated account representative: FXTM provides each client with a dedicated account representative who can assist with any questions or issues.
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.
Comparison by Categories
Comprehensive Comparison: ForexTime vs Dukascopy
ForexTime Dukascopy Investments
75 % 75 %| Investments | ForexTime | Dukascopy |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 35 | 64 |
| CFDs – Total Offered | 250+ | 593+ |
| Options CFD | No | No |
| Share CFDs | Yes | No |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | Yes |
| Cryptocurrency traded as CFD | Yes | Yes |
Cost
80 % 80 %| Cost | ForexTime | Dukascopy |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1.5 | 1.02 |
| Deposit from | 200 | 100 |
| 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 % 29 %| Trading app | ForexTime | Dukascopy |
|---|---|---|
| Desktop Platform (Windows) | No | Yes |
| Web Platform | No | No |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
90 % 80 %| Trading Tools | ForexTime | Dukascopy |
|---|---|---|
| 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 | Yes | No |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | Yes |
| Daily financial news | Yes | Yes |
| Order Type – Trailing Stop | No | No |
Research
50 % 50 %| Research | ForexTime | Dukascopy |
|---|---|---|
| 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 | No |
| Research | No | No |
Education
67 % 50 %| Education | ForexTime | Dukascopy |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
| Education | Yes | No |
Forex
100 % 100 %| Forex | ForexTime | Dukascopy |
|---|---|---|
| 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
55 % 45 %| Commodities | ForexTime | Dukascopy |
|---|---|---|
| Gold | Yes | No |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | No | Yes |
| Cocoa | No | Yes |
| Soybeans | No | No |
| Rice | No | No |
| Corn | No | No |
| Platinum | Yes | No |
| Palladium | Yes | No |
Indicies
100 % 100 %| Indicies | ForexTime | Dukascopy |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
30 % 40 %| Cryptocurrencies | ForexTime | Dukascopy |
|---|---|---|
| Bitcoin | Yes | Yes |
| Litecoin | Yes | Yes |
| Ethereum | Yes | Yes |
| Ripple | No | No |
| Neo | No | No |
| Stellar | No | Yes |
| Cardano | No | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
33 % 0 %| Regulations | ForexTime | Dukascopy |
|---|---|---|
| Cysec | Yes | No |
| ASIC (Australia) | No | No |
| FCA (UK) | Yes | No |
| Authorised in the European Union (EU) | No | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | ForexTime | Dukascopy |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
46 % 41 %| Overall | ForexTime | Dukascopy |
|---|
Our Recommendations
Best for ForexTime
Thanks to comprehensive educational materials and a user-friendly platform, ForexTime is an ideal choice for new traders.
Best Platform
Both brokers offer excellent trading platforms with similar features and user-friendliness.
Lowest Costs
Both brokers have comparable fee structures and spreads.
ForexTime Dukascopy