Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Dukascopy vs Plus500.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Dukascopy received a rating of 4.50 stars over Plus500's 3.00 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Dukascopy and Plus500 both are regulated in a major hub. Plus500 is a publicly traded company, while Dukascopy is not. How many currency pairs are available to trade? Plus500 trails Dukascopy by 4 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and Plus500 offering 60.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Dukascopy makes Meta Trader available to clients, while Plus500 does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Dukascopy boasts an offering of 31 charting tools compared to Plus500's 0 available charting tools. Plus500 offers its clients access to 103 different indicators (for example, volume) while Dukascopy has 51 available indicators, a difference of 52.
Overall, Dukascopy boasts 4.50 stars versus Plus500's 3.00 stars. And, when it comes to individual category awards, Dukascopy posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Active Trading in 2018, while Plus500 found itself with none of these.