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 Plus500.
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 4.50 stars versus Plus500's 3.00 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 and Plus500 both are regulated in a major hub. Plus500 is a publicly traded company, Dukascopy isn't. As far as how many currency pairs are available for trading, here's the answer. Plus500 trails Dukascopy by 4 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and Plus500 offering 60.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Dukascopy has Meta Trader, Plus500 doesn't. 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 offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Dukascopy trails Plus500 by 52 total different indicators (for example, moving averages), with Plus500 offering 103 and Dukascopy offering 51.
Overall, Dukascopy comes out on top with 4.50 stars over Plus500's 3.00 stars. And, when it comes to individual category awards, Dukascopy was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while Plus500 was rated none of these.