Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs Dukascopy.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Dukascopy received a rating of 4.50 stars over Admiral Markets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Admiral Markets and Dukascopy are regulated in a major hub. Admiral Markets nor Dukascopy are publicly traded companies. How many currency pairs are available to trade? Dukascopy boasts an offering of 64 different currency pairs compared to Admiral Markets's 55 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Admiral Markets and Dukascopy offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made 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 boasts 4.50 stars versus Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Dukascopy posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while Admiral Markets found itself with Best in Class - Investor Education.