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 FOREX.com.
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. Both Dukascopy and FOREX.com are rated 4.5 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. Dukascopy alongside FOREX.com are regulated in a major hub. FOREX.com is a publicly traded company, while Dukascopy is not. As far as how many currency pairs are available for trading, here's the answer. Dukascopy trails FOREX.com by 20 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 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 FOREX.com 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. FOREX.com trails Dukascopy by 9 total charting tools, with Dukascopy offering 31 and FOREX.com offering 22. Dukascopy trails FOREX.com by 88 total different indicators (for example, moving averages), with FOREX.com offering 139 and Dukascopy offering 51.
Overall, both Dukascopy and FOREX.com share a rating of 4 stars. And, when it comes to individual category awards, FOREX.com finished with awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while Dukascopy came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.