image Dukascopy VISIT DUKASCOPY image Exness VISIT EXNESS image Forex.com VISIT FOREX.COM
About

Dukascopy is regulated by The Swiss Bank and MIFID. Dukascopy has provided Forex, CFD, commodities, indices and stock trading services since 2004.

Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF. Exness have provided Forex trading services since 2008.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 20 years in business
  • Yes
  • Yes
  • Yes Over 10 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Geneva, Switzerland Limasol, Cyprus; St. Vincent and the Grenadines London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 103 80
Commodities Offered 0 12
Stocks Offered 0 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes No Yes
Agriculturals Yes Yes Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs Yes No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

54.3% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac No Yes No
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade Yes No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms SWFX Trader No FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, and Spanish

English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish

English, Chinese, and Arabic

See platform & features

Losses can exceed deposits

See platform & features

54.3% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Dukascopy and Exness

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes No No
Standard account Yes Yes Yes
ECN Account Yes Yes Yes
Islamic account Yes Yes Yes
Zero spread account No No No
VIP account No No No
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
See account options

Losses can exceed deposits

See account options

54.3% of retail investor accounts lose money when trading CFDs with this provider

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes No
Direct market access Yes No Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot Varies
Max trade None 200 Lot 5 million
Min deposit $5000 $1 $50

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes Yes Yes
Signal trading Yes No No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No Yes No
Skrill No No No
Payment processing time Varies 1 business day Varies
Withdrawal processing time Varies 1 business day 1-2 business days
See all funding options

Losses can exceed deposits

See all funding options

54.3% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US, JP, SG US, JP, SG BE
Contact email Send Email Send Email Send Email
phone number 41 227994848 357 25 030 959 Yes
Live Chat Yes No Yes
Website https://www.dukascopy.com/ https://www.exness.com/ http://www.forex.com
Forex Spreads
EUR/USD 0.10 0.10 1.00
GBP/USD 0.10 2.00 1.00
USD/JPY 0.10 3.60 0.90
AUD/USD 1.7 0.2 1.2
Cryptocurrency Spreads N/A N/A N/A
View all FX spreads

Losses can exceed deposits

View all FX spreads

54.3% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 0.17% N/A 250.0
Nasdaq 100 10.00% N/A 130.0
Euro Stoxx 50 0.66% N/A 4.0
ASX 200
S&P 500 0.50% N/A 50.0
FTSE 100 N/A N/A 150.0
Google N/A N/A
Facebook N/A N/A
View all spreads

Losses can exceed deposits

View all spreads

54.3% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes No No
Commission Yes $10- $30 No
Deposit Fee No Yes No
Withdrawal Fee No Yes No
View All Fees

Losses can exceed deposits

View All Fees

54.3% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.dukascopy.com/. Last updated on 01/07/2019.

All information collected from https://www.exness.com/. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

Dukascopy is the broker designed for active traders, hedge funds, banks and professionals. Dukascopy allow you to trade both Forex and metals through the same platform. Dukascopy have focused on providing an attractive pricing model with spreads for popular forex pairs starting as low as 0.2 pips.

They provide instant execution on orders and offer a wide range of trading orders including stop-loss along with their 24 hour support 6 days a week. They provide a large variety of free financial information through their website, Dukascopy TV online, and an active online community. Dukascopy is a great choice for traders looking for a broker that provides binaries, CFD's and forex services.

For more information about trading with Dukascopy, we have put together an indepth Dukascopy review with some of the pros and cons about this broker.

EXNESS was founded in 2008 and have quickly become a global leader in forex brokerage with a monthly trading volume of over 180 billion USD. EXNESS have grown to a leading player in the online brokerage company by providing 0% commission on deposit and withdrawals, tight spreads, no hidden commissions, instant withdrawals and 24/7 technical support in 13 different languages.

By choosing to open an account with EXNESS you will be choosing a brokerage that has access to leading positions in the forex market, free VPS hosting and available on multiple platforms including the universal standard MT4 and MT5. They are a top choice for traders seeking a quality online broker and are opening over 15,000 new accounts every month.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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Dukascopy or Exness?

Well established or a wide range of instruments?

If you’re a trader looking for a broker that has been established for a long time, Dukascopy is likely a good choice. However, if you want a broker with a large range of instruments available to trade, Exness may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Exness to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Dukascopy is regulated by FINMA & FSA, while Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Dukascopy has been around for 21 years, while Exness have been around for 11 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Dukascopy and Exness use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Dukascopy or Exness in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Dukascopy and Exness are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Dukascopy are based in Geneva, Switzerland, while Exness are based in Limasol, Cyprus; St. Vincent and the Grenadines.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Dukascopy and Exness offer forex trading. Exness have a slightly larger variety of currency pairs with 103 pairs, compared to offered by Dukascopy. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, Dukascopy may be a better fit as Exness does not offer commodity trading.

Dukascopy also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Dukascopy and Exness offer this. Exness also offer the new & improved MT5 platform. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs.

For Muslim traders, Dukascopy offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Dukascopy does allow scalping and hedging. While Exness also allows scalping and hedging. You can trade with EAs (expert advisors) on both Dukascopy and Exness.

In terms of risk management tools, neither Dukascopy or Exness offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Dukascopy also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Exness accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Dukascopy and Exness both charge 0.10 points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Dukascopy or Exness?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Exness is more reliable based on our criteria above. Exness has a wider range of instruments to trade. Exness offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.