NordFX vs Dukascopy
NordFX or Dukascopy – which is better for UK traders 2024? Compare NordFX and Dukascopy in this detailed breakdown of their platforms, features and fees.
| NordFX | Dukascopy |
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| NordFX is ranked #27 among CFD brokers. | Dukascopy is ranked #5 among binary options brokers. |
| Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000. | Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFDs, indices, commodities, cryptos, stocks | Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Payment Methods | |
| Minimum Trade | |
| $1 | 0.01 Lots |
| Regulator | |
| FINMA, FCMC, JFSA | |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors’ charting tools. With 24/7 in-app support, it’s a top choice for new mobile traders. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | Yes |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes (EAs & FIX APIs) |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes (via MetaQuotes Software Corp - MT4) | MetaTrader |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $40 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies. | Dukascopy offers highly leveraged CFDs with rates up to 1:200. A wide selection of asset classes are available, including currencies, equities, commodities, ETFs and cryptos. Spreads are also tight starting from 0.1 pips and traders get 24/7 support. |
| Leverage | |
| 1:1000 | 1:200 |
| FTSE Spread | |
| - | Variable |
| GBPUSD Spread< | |
| From 0.1 | 1.16 Av |
| Oil Spread | |
| From 0.0 | 5.3 Av |
| Stocks Spread | |
| From 0.0 | From 0.1 |
| Forex | |
| NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side. | With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex. |
| Assets | |
| 33 | 63 |
| GBPUSD Spread | |
| From 0.4 | 1.1 |
| EURUSD Spread | |
| From 0.0 | 0.1 |
| EURGBP Spread | |
| From 0.2 | 0.9 |
| Cryptocurrency | |
| NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts. | Take positions on popular cryptos against the US Dollar. Traders can go long or short with decent leverage up to 1:5. Clients of Dukascopy are also protected to the tune of CHF 100'000 in the event of broker insolvency. |
| Spread | |
| From 1.0 | From 0.1 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Dukascopy offers binary options on currency pairs, stocks and indices, alongside powerful trading tools and market insights. User gets flexible contract sizes and deposits are protected by EU law, though the $1000 starting investment is higher than alternatives. | |
| Payout | |
| 90% | |
| Expiration Times | |
| 3 minutes - 1 day | |
| Boundary Options | |
| No | No |
| Ladder Options | |
| No | No |
| NordFX | Dukascopy |
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