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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
Commissions & Fees 4.5 4
Offering of Investments 4 5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 4.5 4.5
Education 4 4
Trust Score 90 93
77.73% of retail CFD accounts lose money 74% of retail CFD accounts lose money
Dukascopy Review City Index Review
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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 65
CFDs - Total Offered
593 4500
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature Dukascopy City Index
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 1.1 (Aug 2020)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 1.1 (Aug 2020)
Active Trader or VIP Discounts
Yes Yes

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

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 88
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

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

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

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
Overall 4.5 4.5
Commissions & Fees 4.5 4
Offering of Investments 4 5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 4.5 4.5
Education 4 4
Trust Score 90 93
Dukascopy Review City Index Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs Dukascopy.

Does City Index or Dukascopy offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Dukascopy offers better pricing overall for traders.

Is City Index or Dukascopy safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while Dukascopy holds 2. Both City Index and Dukascopy hold 0 global Tier-2 licenses. All regulators considered, City Index has a Trust Score of 93.00, while Dukascopy's Trust Score is 90.00.

Which trading platform is better: City Index or Dukascopy?
To compare the trading platforms of both City Index and Dukascopy, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Dukascopy offers a better experience. With research, Dukascopy offers superior market research. Finally, we found Dukascopy to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. City Index and Dukascopy both offer copy trading. Both City Index and Dukascopy offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
City Index provides traders 65 currency pairs (e.g., EUR/USD) compared to Dukascopy's 60 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while Dukascopy has 593 available CFDs, a difference of 3,907.

Overall, between City Index and Dukascopy, Dukascopy is the better forex broker.

City Index Review
Dukascopy Review

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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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