Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Dukascopy
9.2
/10
VISIT DUKASCOPY
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
FXDD
6.8
/10
VISIT FXDD
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
Dukascopy is regulated by The Swiss Bank and MIFID. Dukascopy has provided Forex, CFD, commodities, indices and stock trading services since 2004. |
FXDD is regulated by MFSA. FXDD have provided Forex, Metals, Options, CFD, Oil trading services since 2002. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | Geneva, Switzerland | Floriana, Malta | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 48 | |||
Commodities Offered | 21 | |||
Stocks Offered | 10 | 1606 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | SWFX Trader | RoboX | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, and Spanish |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
Losses can exceed deposits |
See platform & features
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Dukascopy and FXDD |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 01 Lot | 0.01 Lot | |
Max trade | None | None | 100 Lot | |
Min deposit | $5000 | $1 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | 2 business days | Same day if requested before 1PM | |
Withdrawal processing time | Varies | 5 to 10 business days | Same day if requested before 1PM | |
See all funding options
Losses can exceed deposits |
See all funding options
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US | US | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 41 227994848 | (356) 20133933 | 44 2036953085 | |
Live Chat | ||||
Website | https://www.dukascopy.com/ | http://www.fxdd.com/mt/en.html | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 1.8 pips + $10.00 | 1.6 pips + $3.00 | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | 2.3 pips + $10.00 | 1.8 pips + $3.00 | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | 1.7 pips + $10.00 | 1.6 pips + $3.00 | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | 1.7 pips + $10.00 | 1.7 pips + $3.00 | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | 1.7 pips + $10.00 | 2.0 pips + $3.00 | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | 2.3 pips + $10.00 | 1.8 pips + $3.00 | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | 2.5 pips + $10.00 | 1.8 pips + $3.00 | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | 1.4 pips + $10.00 | 1.7 pips + $3.00 | 0.1 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | ||
Commission | Yes | No | Yes | |
Deposit Fee | No | No | ||
Withdrawal Fee | No | No | No | |
View All Fees
Losses can exceed deposits |
View All Fees
73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd. |
View All Fees
79% 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 01/04/2021. |
All information collected from http://www.fxdd.com/mt/en.html. Last updated on 01/04/2021. |
All information collected from www.xtb.com. Last updated on 01/04/2021. |
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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. 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. |
FXDD is a trusted online broker regulated by multiple authorities around the world including the Financial Conduct Authority in the UK. FXDD offer customised solutions to everyone from retail traders, hedge fund managers to white label products. Their global reach and state of the art technology have enabled FXDD to outgrow other brokerages and become a global force in Forex trading. They provide customer service in 13 languages and have a devoted client service no matter the size of the trader. FXDD also provide comprehensive training to cater for all levels of traders and hold daily interactive classes taught by expert analysts on top of the web based tools including trading calculators. They provide two simple pricing models, standard and ECN. Standard offers low spreads with no commissions and guaranteed zero slippage. ECN provides low direct raw spreads with no markups and a small $2.99 per standard lot commission with a 99% fill rate. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. Dukascopy
Dukascopy vs Swissquote |
Popular comparisons feat. FXDD
ETX Capital vs FXDD |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), Dukascopy is likely the better choice. However, if you want a broker with a large range of instruments available to trade, FXDD may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Dukascopy and FXDD to be equally reliable. We’ve broken down why below:
Dukascopy is regulated by FINMA & FSA, while FXDD is regulated by MFSA.
XTB are also regulated by the Financial Conduct Authority.
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 23 years, while FXDD have been around for 19 years. Our third alternative broker, XTB, have been around for 19 years.
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.
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 FXDD use tier one banks, but we are not sure of which bank specifically.
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 FXDD in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
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 FXDD are privately owned companies.
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 FXDD are based in Floriana, Malta .
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:
If you’re looking to trade currency pairs, both Dukascopy and FXDD offer forex trading. Also, if you’re looking to trade cryptocurrencies,
neither Dukascopy nor Dukascopy offer commodity trading.
Dukascopy and FXDD both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.
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 FXDD offer this. Our alternative broker, XTB, 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. XTB, for example, offer a mini account, standard account and VIP account.
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 FXDD also allows scalping but doesn't allow hedging. You can trade with EAs (expert advisors) on both Dukascopy and FXDD.
In terms of risk management tools, neither Dukascopy or FXDD 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.
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 charges 0.10 points, while FXDD charges 0.50 points. Therefore, Dukascopy is the more affordable for this instrument. If you want to compare their spreads across more instruments, 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.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FXDD is more reliable based on our criteria above. FXDD has a wider range of instruments to trade. FXDD 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.