Dukascopy vs Swissquote

Dukascopy and Swissquote are two of the premier Switzerland-based Forex trading platforms. While Dukascopy is a significantly smaller company than its publically-traded competitor, both have a lot to offer all types of Forex traders.

In this Dukascopy vs Swissquote analysis, we outline everything you should know about the two platforms so you can feel comfortable choosing between the two. We dig in to:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Dukascopy vs Swissquote - Verdict

Feature	Dukascopy (visit site)	Swissquote (visit site)
Headquarter:	Switzerland	Switzerland
Regulation:	FINMA	FINMA
Type of Broker:	ECN/STP	No Dealing Desk
U.S. Clients Allowed:
Minimum Deposit:	$100
Maximum Leverage:	1:200	1:100
Commissions / Spreads:	Commission	Spreads
Account 1:	SWFX Technology	Standard
Account 2:	JForex API	Premium
Account 3:	FIX API	Prime
Account 4:	Bank Guarantees
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English	English
Support Hours:	24/7	24/6
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what Dukascopy offers	See what Swissquote offers

Features and Platforms

Dukascopy

JForex, Dukascopy’s Forex trading platform, is available on Mac, Windows, and Linux operating systems. You can also trade through it online as well as on Android and iOS devices. The platform has 250 chart indicators and every popular chart type that you would expect to find on a Forex trading interface.

We recommend Dukascopy for more advanced Forex traders. | Source: Dukascopy

JForex also includes an economic calendar and news feed to help you stay up to date with market trends. If automations are part of your trading strategy, Dukascopy allows you to set them up either on your local device or through its Strategy Server. Additionally, you can test your automations against historical data.

Dukascopy’s JForex is also available on iPad tablets. | Source: Dukascopy

Compared to Swissquote, the Dukascopy platform is more complicated; however, the company provides an in-depth guide and video tutorials to teach you the ropes. Additionally, Dukascopy consistently holds seminars and produces video webinars multiple times a week. Similar to other Forex trading platforms, you can trade via APIs on Dukascopy as well.

Swissquote

The Swissquote Advanced Trader platform contains all the features you need to become a successful trader. It includes 27 indicators, 17 overlays, and news from Swissquote and Bloomberg directly in the interface.

You can customize your Swissquote interface to fit your needs. | Source: Swissquote

One of the most interesting Swissquote features, though, is its automatic pattern detection. The platform automatically recognizes and highlights common chart patterns (if they exist) on each chart and displays the pattern strength. For novice traders, this tool is an ideal way to learn the fundamentals of technical analytics.

Swissquote automatically highlights chart patterns, saving you time. | Source: Swissquote

Swissquote also provides a series of educational videos covering topics from “Introduction to Forex” and “Technical Analysis” to “Risk Management” and “Fundamental Analysis.” Like Dukascopy, Swissquote supports API trading as well.

Available Markets

Typical Spreads and Fees

Because Dukascopy and Swissquote utilize drastically different methods to calculate fees, you should figure out estimates of what rates your trading strategy would fetch on each platform.

Dukascopy vs Swissquote – Verdict

Out of these two Forex companies, Swissquote is notably the least intimidating of the two. It implements less complicated fees, and the overall interface is significantly more comfortable to work with. Combine these attributes with the platform’s more extensive selection of markets, and it’s clear that Swissquote has the edge over Dukascopy.

That being said, much of Forex trading is personal preference. So, we recommend that you try the demo accounts on both platforms to see which one works best for you.

Does FXCM or OANDA offer lower pricing?

Traders will find a significantly more competitive pricing structure at Dukascopy. The EUR/USD comes with a spread as low as 0.1 pips, but a $1 commission per standard lot exits for MT4 trading accounts. CFD commissions vary by net deposit, equity, and trading volume, but commence from $35 per $1,000,000. Swissquote starting spreads range between 1.7 pips in the standard account to 1.1 pips in the prime account, representing an unacceptable cost structure throughout.

Is FXCM or OANDA safer for Forex and CFDs trading?

Which trading platform is better: FXCM or OANDA?