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Dukascopy vs City Index 2020

Is City Index better than Dukascopy? After testing 30 of the best forex brokers over five months, Dukascopy is better than City Index. Thanks to its JForex platform suite, Dukascopy provides forex traders industry-leading trading tools and market research, which includes our favorite mobile app for 2020. Drawbacks include unreliable customer service and a narrow offering of tradeable markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Dukascopy City Index
Overall 4.5 4.5
Dukascopy Review City Index Review
74-89% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature Dukascopy City Index
Trust Score 90 93
Year Founded
2004 1983
Publicly Traded (Listed)
No Yes
Bank
Yes No
Tier-1 Licenses
2 3
Tier-2 Licenses
0 0
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy City Index
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Dukascopy City Index
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 84
CFDs - Total Offered
593 4500
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 5
Winner check_circle

Cost

Feature Dukascopy City Index
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 0.8 (Oct 19)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 0.8 (Oct 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4
Winner check_circle

Funding

Feature Dukascopy City Index
Minimum Initial Deposit
$100.00 £50.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature Dukascopy City Index
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Dukascopy City Index
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 18
Charting - Indicators / Studies (Total)
291 139
Charting - Drawing Tools (Total)
24 25
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 4
Winner check_circle

Mobile Trading

Feature Dukascopy City Index
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
46 74
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes Yes
Mobile Trading 5 4
Winner check_circle

Research

Feature Dukascopy City Index
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4.5 4.5
Winner check_circle

Education

Feature Dukascopy City Index
Has Education - Forex
No Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
No Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature Dukascopy City Index
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Dukascopy City Index
Dukascopy Review City Index Review
Overall 4.5 4.5
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 3,180 data points during a several month review of the forex industry. In this fx broker comparison, we will compare City Index 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 City Index's 4.00 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. City Index and Dukascopy both are regulated in a major hub. City Index is a publicly traded company, while Dukascopy is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Dukascopy trails City Index by 24 total currency pairs (for example, EUR/USD), with City Index offering 84 and Dukascopy offering 60.

To round out our comparison of City Index vs Dukascopy, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index alongside 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. Dukascopy boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to Dukascopy's 51 available indicators.

City Index Review
Dukascopy Review


Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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