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Dukascopy vs XM Group 2020

Is Dukascopy better than XM Group? After testing 30 of the best forex brokers over five months, Dukascopy is better than XM Group. 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 XM Group
Overall 4.5 4
Dukascopy Review XM Group Review
77.73% of retail CFD accounts lose money 73.57% of retail CFD accounts lose money

Regulation

Feature Dukascopy XM Group
Trust Score 90 83
Year Founded
2004 2009
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
2 2
Tier-2 Licenses
0 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature Dukascopy XM Group
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 57
CFDs - Total Offered
593 1247
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4 4
Winner check_circle

Cost

Feature Dukascopy XM Group
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 1.6 (as of Jan 18)
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 0.8
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4.5 3.5
Winner check_circle

Funding

Feature Dukascopy XM Group
Minimum Initial Deposit
$100.00 $5-100
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 XM Group
Proprietary Platform
Yes No
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 No

Trading Tools

Feature Dukascopy XM Group
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 (Default MT4/MT5)
Charting - Indicators / Studies (Total)
291 (Default MT4/MT5)
Charting - Drawing Tools (Total)
24 (Default MT4/MT5)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 3.5
Winner check_circle

Mobile Trading

Feature Dukascopy XM Group
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 (Default MT4/MT5)
Charting - Draw Trend Lines
Yes Yes
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 XM Group
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 Yes
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

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

Major Forex Pairs

Feature Dukascopy XM Group
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 XM Group
Dukascopy Review XM Group Review
Overall 4.5 4
Winner check_circle

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 XM Group.

Does Dukascopy or XM Group 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 XM Group 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. Both Dukascopy and XM Group hold 2 global Tier-1 licenses. XM Group holds 1 global Tier-2 licenses, while Dukascopy holds 0. All regulators considered, Dukascopy has a Trust Score of 90.00, while XM Group's Trust Score is 83.00.

Which trading platform is better: Dukascopy or XM Group?
To compare the trading platforms of both Dukascopy and XM Group, 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 XM Group both offer copy trading. Both Dukascopy and XM Group 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 XM Group's 57 available pairs. Forex pairs aside, XM Group offers traders access to 1247 CFDs while Dukascopy has 593 available CFDs, a difference of 654.

Overall, between Dukascopy and XM Group, Dukascopy is the better forex broker.

Dukascopy Review
XM Group 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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