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 Dukascopy vs eToro.
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's score is 4.5 stars versus eToro's 3.5 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. Dukascopy and eToro both are regulated in a major hub. Dukascopy nor eToro are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. eToro trails Dukascopy by 17 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and eToro offering 47.
To round out our comparison of Dukascopy vs eToro, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Dukascopy has Meta Trader, eToro doesn't. 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. eToro trails Dukascopy by 17 total charting tools, with Dukascopy offering 31 and eToro offering 14. eToro offers its clients access to 67 different indicators (for example, volume) while Dukascopy has 51 available indicators, a difference of 16.
Overall, both Dukascopy and eToro are rated 4 stars. And, when it comes to individual category awards, Dukascopy finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while eToro came up with none of these.