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 AvaTrade 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 AvaTrade'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. AvaTrade alongside Dukascopy are regulated in a major hub. Neither AvaTrade and Dukascopy are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. AvaTrade trails Dukascopy by 4 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and AvaTrade offering 60.
To round out our comparison of AvaTrade vs Dukascopy, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both AvaTrade and Dukascopy 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 AvaTrade and Dukascopy provide clients with access to 31 total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Dukascopy boasts 4.50 stars versus AvaTrade's 3.50 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 AvaTrade was rated none of these.