To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs Dukascopy.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Dukascopy is a better option with a 4.50 star rating over Admiral Markets's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Admiral Markets alongside Dukascopy are regulated in a major hub. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Admiral Markets trails Dukascopy by 9 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and Admiral Markets offering 55.
To round out our comparison of Admiral Markets vs Dukascopy, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Admiral Markets and Dukascopy both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Admiral Markets and Dukascopy provide clients with access to 31 total charting tools. Both Admiral Markets and Dukascopy provide clients with access to 51 total indicators (eg, moving averages).
Overall, Dukascopy comes out on top with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Dukascopy was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Active Trading in 2018, while Admiral Markets was rated Best in Class - Investor Education.