ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Dukascopy vs eToro 2020

Is Dukascopy better than eToro? After testing 30 of the best forex brokers over five months, Dukascopy is better than eToro. 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 eToro
Overall 4.5 4
Commissions & Fees 4.5 3
Offering of Investments 4 4.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 4.5 4
Education 4 4
Trust Score 90 91
77.73% of retail CFD accounts lose money 75% of retail CFD accounts lose money
Dukascopy Review eToro Review
Winner check_circle

Regulation

Feature Dukascopy eToro
Trust Score 90 91
Year Founded
2004 2007
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
2 2
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy eToro
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 No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Dukascopy eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 47
CFDs - Total Offered
593 2314
Cryptocurrency traded as actual
Yes Yes
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature Dukascopy eToro
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 1 (August 2020)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) N/A
Active Trader or VIP Discounts
Yes Yes

Funding

Feature Dukascopy eToro
Minimum Initial Deposit
$100.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Dukascopy eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Dukascopy eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 6
Charting - Indicators / Studies (Total)
291 66
Charting - Drawing Tools (Total)
24 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Dukascopy eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
46 5
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

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

Education

Feature Dukascopy eToro
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature Dukascopy eToro
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 eToro
Overall 4.5 4
Commissions & Fees 4.5 3
Offering of Investments 4 4.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 4.5 4
Education 4 4
Trust Score 90 91
Dukascopy Review eToro Review
Winner check_circle

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 Dukascopy vs eToro.

Does Dukascopy or eToro 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 Dukascopy or eToro 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. Both Dukascopy and eToro hold 2 global Tier-1 licenses. eToro holds 1 global Tier-2 licenses, while Dukascopy holds 0. All regulators considered, eToro has a Trust Score of 91.00, while Dukascopy's Trust Score is 90.00.

Which trading platform is better: Dukascopy or eToro?
To compare the trading platforms of both Dukascopy and eToro, 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. Dukascopy and eToro both offer copy trading. Dukascopy offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
Dukascopy provides traders 60 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 2314 CFDs while Dukascopy has 593 available CFDs, a difference of 1,721.

Overall, between Dukascopy and eToro, Dukascopy is the better forex broker.

Dukascopy Review
eToro Review

Related Comparisons

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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top