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Dukascopy vs OctaFX 2020

Is Dukascopy better than OctaFX? After testing 30 of the best forex brokers over five months, Dukascopy is better than OctaFX. 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 OctaFX
Overall 4.5 3
Commissions & Fees 4.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 5 3.5
Mobile Trading 5 3.5
Research 4.5 3
Education 4 3
Trust Score 90 63
77.73% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
Dukascopy Review OctaFX Review
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Regulation

Feature Dukascopy OctaFX
Trust Score 90 63
Year Founded
2004 2011
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
2 0
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy OctaFX
ASIC Authorised (Australia)
No No
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 No
CFTC Registered (USA)
No No

Investments

Feature Dukascopy OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 28
CFDs - Total Offered
593 17
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature Dukascopy OctaFX
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 1.1 (July 2020)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 1.0 (July 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature Dukascopy OctaFX
Minimum Initial Deposit
$100.00 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

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

Trading Tools

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

Mobile Trading

Feature Dukascopy OctaFX
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 No
Watch List Syncing
No No
Charting - Indicators / Studies
46 (Default MetaTrader/cTrader)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes Yes

Research

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

Education

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

Major Forex Pairs

Feature Dukascopy OctaFX
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 OctaFX
Overall 4.5 3
Commissions & Fees 4.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 5 3.5
Mobile Trading 5 3.5
Research 4.5 3
Education 4 3
Trust Score 90 63
Dukascopy Review OctaFX Review
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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 OctaFX.

Does Dukascopy or OctaFX 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 OctaFX 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. Dukascopy holds 2 global Tier-1 licenses, while OctaFX holds 0. OctaFX holds 1 global Tier-2 licenses, while Dukascopy holds 0. All regulators considered, Dukascopy has a Trust Score of 90.00, while OctaFX's Trust Score is 63.00.

Which trading platform is better: Dukascopy or OctaFX?
To compare the trading platforms of both Dukascopy and OctaFX, 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 OctaFX both offer copy trading. Both Dukascopy and OctaFX offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Dukascopy provides traders 60 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, Dukascopy offers traders access to 593 CFDs while OctaFX has 17 available CFDs, a difference of 576.

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

Dukascopy Review
OctaFX Review

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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.

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