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 Pepperstone.
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. Dukascopy's score is 4.5 stars versus Pepperstone's 4 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. Both Dukascopy and Pepperstone are regulated in a major hub. Dukascopy nor Pepperstone are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Dukascopy boasts an offering of 64 different currency pairs compared to Pepperstone's 59 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Dukascopy alongside Pepperstone 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. Dukascopy and Pepperstone offer the same number of charting tools, 31. Both Dukascopy and Pepperstone provide clients with access to 51 total indicators (eg, moving averages).
Overall, Dukascopy takes the upper hand with 4 stars over Pepperstone's 3.5 stars. And, when it comes to individual category awards, Dukascopy was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while Pepperstone was rated none of these.