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CMC Markets vs Dukascopy Review

Steven Hatzakis

Published by Steven Hatzakis


Thursday, March 21st, 2019

Is CMC Markets better than Dukascopy? After grading forex brokers on nearly 100 different variables, CMC Markets is better than Dukascopy. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of offerings with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.

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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.
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Overall
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Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
4.5
74-89% of retail CFD accounts lose money
 
90
1989
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes
Yes
No
No
No
Yes
 
Yes
183
9959
No
Yes
4
check_circle
 
0.744
0.744
Yes
5
check_circle
 
$0.00
Yes
Yes
No
No
No
 
Yes
No
Yes
No
No
No
No
 
Yes
Yes
8
81
24
No
Yes
Yes
4.5
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
23
Yes
Yes
Yes
Yes
Yes
4
 
Yes
Yes
Yes
No
Yes
No
No
Yes
Yes
4.5
 
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
4.5
check_circle
4
74-89% of retail CFD accounts lose money
 
86
2004
No
Yes
Yes
No
Yes
Yes
Yes
No
No
No
No
Yes
No
No
 
Yes
64
357
No
No
3.5
 
0.92
0.42
Yes
4.5
 
$100.00
Yes
No
No
No
No
 
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
7
51
31
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
Yes
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
4.5
check_circle
 
No
No
Yes
Yes
Yes
Yes
No
Yes
4
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
4
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare CMC 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. CMC Markets is a better option with a 5.00 star rating over Dukascopy's 4.50 star rating.

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. CMC Markets alongside Dukascopy are regulated in a major hub. CMC Markets is a publicly traded company while Dukascopy is not. How many currency pairs are available to trade? Dukascopy trails CMC Markets by 119 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and Dukascopy offering 64.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Dukascopy offers Meta Trader while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Dukascopy offers its clients access to 31 charting tools while CMC Markets has 24 charting tools, a difference of 7. Dukascopy trails CMC Markets by 30 total different indicators (for example, moving averages), with CMC Markets offering 81 and Dukascopy offering 51.

CMC Markets Review
Dukascopy Review

Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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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