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Dukascopy vs Plus500 2020

Is Dukascopy better than Plus500? After testing 30 of the best forex brokers over five months, Dukascopy is better than Plus500. 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 Plus500
Overall 4.5 4
Dukascopy Review Plus500 Review
74-89% of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature Dukascopy Plus500
Trust Score 90 98
Year Founded
2004 2008
Publicly Traded (Listed)
No Yes
Bank
Yes No
Tier-1 Licenses
2 2
Tier-2 Licenses
0 3
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy Plus500
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 Yes
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Dukascopy Plus500
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
60 50
CFDs - Total Offered
593 2033
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4
Winner check_circle

Cost

Feature Dukascopy Plus500
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4.5 4
Winner check_circle

Funding

Feature Dukascopy Plus500
Minimum Initial Deposit
$100.00 €100
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 Plus500
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 Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 10
Charting - Indicators / Studies (Total)
291 103
Charting - Drawing Tools (Total)
24 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 3.5
Winner check_circle

Mobile Trading

Feature Dukascopy Plus500
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 18
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 5 3.5
Winner check_circle

Research

Feature Dukascopy Plus500
Daily Market Commentary
Yes No
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 No
Economic Calendar
Yes Yes
Research 4.5 3.5
Winner check_circle

Education

Feature Dukascopy Plus500
Has Education - Forex
No No
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature Dukascopy Plus500
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 Plus500
Dukascopy Review Plus500 Review
Overall 4.5 4
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 3,180 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Dukascopy vs Plus500.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Dukascopy's score is 4.50 stars versus Plus500's 4.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Dukascopy and Plus500 both are regulated in a major hub. Plus500 is a publicly traded company while Dukascopy is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Dukascopy boasts an offering of 60 different currency pairs compared to Plus500's 50 available pairs.

To round out our comparison of Dukascopy vs Plus500, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Dukascopy offers Meta Trader while Plus500 does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Dukascopy offers its clients access to 31 charting tools while Plus500 has 21 charting tools, a difference of 10. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to Dukascopy's 51 available indicators.

Dukascopy Review
Plus500 Review


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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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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