After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Dukascopy vs easyMarkets.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Dukascopy received a rating of 4.50 stars over easyMarkets's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both Dukascopy and easyMarkets are regulated in a major hub. Dukascopy nor easyMarkets are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Dukascopy trails easyMarkets by 33 total currency pairs (for example, EUR/USD), with easyMarkets offering 97 and Dukascopy offering 64.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Dukascopy alongside easyMarkets offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Dukascopy and easyMarkets offer the same number of charting tools, 31. Dukascopy and easyMarkets offer the same number of indicators (eg, volume), 51.
Overall, Dukascopy comes out on top with 4.50 stars over easyMarkets's 4.00 stars. And, when it comes to individual category awards, Dukascopy finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while easyMarkets came up with none of these.