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 CMC Markets 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. CMC Markets's score is 5.00 stars versus Dukascopy's 4.50 stars.
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. Both CMC Markets and Dukascopy are regulated in a major hub. CMC Markets 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 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 of CMC Markets vs Dukascopy, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Dukascopy makes Meta Trader available to clients, while CMC Markets does not. 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 CMC Markets's 24 available charting tools. CMC Markets boasts an offering of 74 different indicators (for example, moving averages) compared to Dukascopy's 51 available indicators.
Overall, both CMC Markets and Dukascopy hold a 4.50 star rating. And, when it comes to individual category awards, both CMC Markets and Dukascopy received Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading awards in 2018.