image Dukascopy VISIT DUKASCOPY image Hantec FX VISIT HANTEC FX image City Index VISIT CITY INDEX
About

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

Hantec FX is regulated by the Financial Conduct Authority. Hantec FX have provided Forex, CFD, Bullion trading services since 1990.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 20 years in business
  • Yes
  • Yes
  • Yes Over 28 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters Geneva, Switzerland Hantec House 12-14 Wilfred Street London, SW1E 6PL UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No Yes
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 42 84
Commodities Offered 0 26
Stocks Offered 0 4500
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes No Yes
ETFs Yes No Yes
IPO No No No
See all instruments

Losses can exceed deposits

See all instruments

78% of retail investor accounts lose money when trading spread bets and 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 No 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
L2 Dealer No No No
PAMM No No Yes
Custom Platforms SWFX Trader No AT Pro, Advantage Web

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

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

English, Mandarin, Cantonese, and Polish

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

Losses can exceed deposits

See platform & features

78% of retail investor accounts lose money when trading spread bets and 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 Hantec FX

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

Losses can exceed deposits

See account options

78% of retail investor accounts lose money when trading spread bets and 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 No
Hedging Yes Yes Yes
Expert advisors (EAs) Yes No Yes
Virtual private server Yes Yes No
Direct market access Yes Yes No
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 1 Lot
Max trade None 50 Lot Varies
Min deposit $5000 $1000 $25

RISK MANAGEMENT

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

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 1-3 business days 2-3 business days
Withdrawal processing time Varies 2-5 business days 2-3 business days
See all funding options

Losses can exceed deposits

See all funding options

78% of retail investor accounts lose money when trading spread bets and 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, AF, DZ, AO, BA, CU, GY, IR, IQ, Lao PDR, MM, KR, PG, SD, SY, YE US, JP, AF, DZ, AO, BA, CU, GY, IR, IQ, Lao PDR, MM, KR, PG, SD, SY, YE US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
phone number 41 227994848 +44 (0) 20 7036 0850 0845 355 0801
Live Chat Yes Yes Yes
Website https://www.dukascopy.com/ http://www.hantecfx.com/ www.cityindex.co.uk
Forex Spreads
EUR/USD 0.10 1.80 0.50
GBP/USD 0.10 2.00 0.80
USD/JPY 0.10 2.00 0.50
AUD/USD 1.7 0.5
Cryptocurrency Spreads N/A 70
View all FX spreads

Losses can exceed deposits

View all FX spreads

78% of retail investor accounts lose money when trading spread bets and 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% 1.0
Nasdaq 100 10.00% 1.0
Euro Stoxx 50 0.66% 2.0
ASX 200 1.0
S&P 500 0.50% 0.4
FTSE 100 N/A 1.0
Google 0.0015
Facebook 0.0015
View all spreads

Losses can exceed deposits

View all spreads

78% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

View all spreads

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

FEES

Inactivity Fee Yes Yes Yes
Commission Yes No 0.0015
Deposit Fee No No Varies
Withdrawal Fee No No Varies
View All Fees

Losses can exceed deposits

View All Fees

78% of retail investor accounts lose money when trading spread bets and 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 01/05/2019.

All information collected from http://www.hantecfx.com/. Last updated on 01/05/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/05/2019.

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.

Hantec FX is an online forex trading sevice provider who are regulated by the Financial Conduct Authority. To open an account with Hantec FX, minimum deposits start from $1,000.

With Hantec FX you can trade 50 currencies, gold, silver, Oil
and indices and commodity CFDs. If you like to trade on the go, Hantec FX have iPhone and Android apps so you can trade from anywhere on your phone.

Hantec FX offer MetaTrader 4, Currenex Classic, MetaTrader 4 for Mac, Currenex Viking, MetaTrader 4 for Mobile, Multi-Account Manager Try it) platforms to make your trades and support 7 different languages.

They also offer traders fast MT4 access and support.

The spreads offered by Hantec FX for the most popular instruments are:
1.8 EUR/USD, 1.0 FTSE 100, 50.0 GOLD,
2.0 GBP/USD, 4.0 DOW/JONES, 5 Crude Oil,
see all the spreads here.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

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

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Dukascopy or Hantec FX?

Who is low spreads?

If you want a broker with lower spreads on currency pairs like EUR/USD, Hantec FX may be more appropriate. Dukascopy and Hantec FX offer similar trading methods.

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 Hantec FX to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Dukascopy is regulated by FINMA & FSA, while Hantec FX is regulated by Financial Conduct Authority.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Hantec FX will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index 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 Hantec FX have been around for 29 years. Our third alternative broker, City Index, have been around for 36 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 Hantec FX 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 Hantec FX 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 Hantec FX 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 Hantec FX are based in Hantec House 12-14 Wilfred Street London, SW1E 6PL UK.

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 Hantec FX offer forex trading. Hantec FX have a slightly larger variety of currency pairs with 42 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 Hantec FX 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 Hantec FX offer this. Our alternative broker, City Index, 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. Hantec FX, for example, offer a mini account, standard account and VIP account.

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 Hantec FX also allows scalping and hedging. You can trade with EAs (expert advisors) on Dukascopy but you can't trade EAs (expert advisors) with Hantec FX.

In terms of risk management tools, neither Dukascopy or Hantec FX 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.

Hantec FX 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 charges 0.10 points, while Hantec FX charges 1.80 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.

The Verdict: Dukascopy or Hantec FX?

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

Objectively, Hantec FX is more reliable based on our criteria above. Hantec FX has a wider range of instruments to trade. Hantec FX 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.