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

Dukascopy vs Interactive Brokers 2020

Is Dukascopy better than Interactive Brokers? After testing 30 of the best forex brokers over five months, Dukascopy is better than Interactive Brokers. 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 Interactive Brokers
Overall 4.5 4.5
Dukascopy Review Interactive Brokers Review
77.73% of retail CFD accounts lose money 66% of retail CFD accounts lose money

Regulation

Feature Dukascopy Interactive Brokers
Trust Score 90 94
Year Founded
2004 1977
Publicly Traded (Listed)
No Yes
Bank
Yes No
Tier-1 Licenses
2 6
Tier-2 Licenses
0 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy Interactive Brokers
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes Yes
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
Yes Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No Yes

Investments

Feature Dukascopy Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
60 105
CFDs - Total Offered
593 7400
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
Winner check_circle

Cost

Feature Dukascopy Interactive Brokers
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) N/A
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4
Winner check_circle

Funding

Feature Dukascopy Interactive Brokers
Minimum Initial Deposit
$100.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

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

Trading Tools

Feature Dukascopy Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 494
Charting - Indicators / Studies (Total)
291 121
Charting - Drawing Tools (Total)
24 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 4.5
Winner check_circle

Mobile Trading

Feature Dukascopy Interactive Brokers
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
46 70
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes No
Mobile Trading 5 4
Winner check_circle

Research

Feature Dukascopy Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 4.5
Winner check_circle

Education

Feature Dukascopy Interactive Brokers
Has Education - Forex
No Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
No Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature Dukascopy Interactive Brokers
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 Interactive Brokers
Dukascopy Review Interactive Brokers Review
Overall 4.5 4.5
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 Interactive Brokers.

Does Dukascopy or Interactive Brokers 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 Interactive Brokers 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. Interactive Brokers holds 6 global Tier-1 licenses, while Dukascopy holds 2. Both Dukascopy and Interactive Brokers hold 0 global Tier-2 licenses. All regulators considered, Interactive Brokers has a Trust Score of 94.00, while Dukascopy's Trust Score is 90.00.

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

How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to Dukascopy's 60 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while Dukascopy has 593 available CFDs, a difference of 6,807.

Overall, between Dukascopy and Interactive Brokers, Dukascopy is the better forex broker.

Dukascopy Review
Interactive Brokers 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