Dukascopy Bank SA vs FIBO Group Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Dukascopy Bank SA and FIBO Group
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 4.2/5 | 4.1/5 |
| Foundation Year | 2010 | 1998 |
| Regulated in Countries | Switzerland | British Virgin Islands |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Dukascopy Bank SA Review | FIBO Group Review |
Dukascopy Bank SA is suitable for traders looking for a reliable partner with a wide range of services and secure tools for trading in financial markets.
FIBO Group is suitable for various types of traders, including beginners and experienced ones. A wide selection of accounts and trading platforms allows every trader to find the right solution.
Dukascopy Bank SA Review
Dukascopy Bank SA is a broker with a long history and a good reputation. The company provides its clients with a wide range of services and products for trading in international financial markets. The broker has reliable trading tools, including modern trading platforms and access to liquidity from its bank. In addition, Dukascopy Bank SA ensures a high level of security and confidentiality of its clients' data, making it one of the most reliable brokers in the market. Dukascopy Bank SA is an attractive option for traders looking for a reliable partner for successful trading in the financial markets.
Pros and Cons of Dukascopy Bank SA
Pros
- Wide range of trading assets.
- High-quality trading platforms.
- Quality technical support.
- Diverse analytical tools.
Cons
- Fees for deposit and withdrawal.
- Insufficient educational materials.
Dukascopy Bank SA is in the top 10 of the following ratings:
FIBO Group Review
FIBO Group is suitable for various types of traders, including beginners and experienced ones. The broad selection of accounts and trading platforms allows every trader to find an appropriate solution. Additionally, educational materials and analytics will aid in skill development and making informed trading decisions.
The broker offers competitive trading conditions, various instruments, and robust support. However, fees and the absence of certain assets may limit its potential.
Pros and Cons of FIBO Group
Pros
- A wide selection of trading and investment accounts.
- Low spreads, which facilitates more profitable trading.
- A wide range of payment methods.
- Availability of various trading platforms.
- Comprehensive analytics and educational materials.
Cons
- An inactivity fee.
- Withdrawal fees.
- The absence of stocks and ETFs in the range of instruments.
FIBO Group is in the top 10 of the following ratings:
Reliability
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2010 | 1998 |
| Regulated in Countries | Switzerland | British Virgin Islands |
| Regulators | FINMA FINMA | BVIFSC BVIFSC |
Dukascopy Bank SA
Dukascopy Bank is a reliable broker, regulated by FINMA and licensed in Switzerland, Japan, and Europe, confirming its stability and legitimacy.
FIBO Group
FIBO Group, regulated by the BVIFSC, offers a certain level of reliability; however, its affiliation with an offshore zone may raise investor concerns.
Account Opening
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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Dukascopy Bank SA
Opening an account with Dukascopy is quite simple and fast, with clear steps and the possibility of verification via video call.
Pros
- Clear and simple registration process.
- Fast verification, often less than 24 hours.
- Possibility of identity confirmation via video call.
Cons
- Minimum deposit of $1000 may be high for beginners.
FIBO Group
The registration and verification process is quick and secure, and the Client Area's functionality provides traders convenience.
Account Types
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Account Types | 4/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Dukascopy Bank SA
Dukascopy offers a versatile ECN account, but limits the selection of specialized accounts.
Pros
- 24 base currencies.
- Availability of binary options and Islamic account.
- Contests and managed accounts available
Cons
- Lack of cent accounts.
- No fixed spread accounts.
FIBO Group
FIBO Group offers a range of options that cater to different types of traders, from novices to professionals.
Commissions
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Commissions | 3.7/5 | 3/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.3 | 0.8 |
| Commission per Lot | $3.78 | $3 |
Dukascopy Bank SA
Dukascopy offers average commissions with flexible terms depending on trading volume and deposit, but charges an inactivity fee.
Pros
- Flexible commission that decreases with increasing trade volume.
- Low swaps compared to competitors.
Cons
- Transaction fee higher than some competitors.
- Inactivity fee charged.
FIBO Group
FIBO Group's commissions are average for the market, with attractive spreads and swaps, but there may be additional costs.
Pros
- Lower-than-market spreads.
- Moderate transaction fees.
Cons
- Inactivity fee.
- Potential costs for depositing/withdrawing funds.
Deposit and Withdrawal
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Account Funding Methods |
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Dukascopy Bank SA
Dukascopy offers a variety of deposit and withdrawal methods, but with high fees.
Pros
- Wide selection of methods.
- Fast fund crediting.
- Free transfers between Dukascopy accounts.
Cons
- High fees (2.5%).
- Lack of cryptocurrencies in deposit/withdrawal methods.
FIBO Group
A broad selection of payment methods and prompt payment processing.
Pros
- A large selection of payment systems, including cryptocurrencies.
- No deposit fees through many payment systems.
- Standard processing times for payments.
Cons
- Withdrawal fees through certain payment systems.
- Withdrawal of funds only in the same way as the deposit.
Markets and Products
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Markets and Products | 4.7/5 | 3.5/5 |
| Forex | 60 | 48 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 4 | 4 |
| Soft Commodities | 6 | 4 |
| Indices | 20 | 8 |
| Stocks | 1081 | - |
| ETF | 51 | - |
| Bonds | 3 | - |
| Cryptocurrency | 18 | 13 |
Dukascopy Bank SA
Dukascopy offers an extensive selection of markets and products, but with limited leverage.
Pros
- Wide range of currency pairs and CFDs.
- Ability to trade binary options.
- Access to cryptocurrencies.
Cons
- Relatively low leverage.
FIBO Group
FIBO Group offers a decent range of financial instruments.
Pros
- A large number of currency pairs.
- Availability of CFDs on cryptocurrencies.
- Access to trading futures on indices.
Cons
- Lack of stocks and ETFs.
- Additional products may be required for professional traders.
Trading Platforms
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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Dukascopy Bank SA
Dukascopy's trading platforms are highly regarded for their functionality and user-friendliness.
Pros
- Wide selection of technical indicators.
- Availability of unique order types.
- Support for mobile devices and MT4.
Cons
- Lack of other popular platforms besides MT4.
FIBO Group
FIBO Group offers three leading trading platforms, combining flexibility and functionality.
Pros
- Support for popular platforms MT4, MT5, and cTrader.
- The ability to develop custom trading algorithms.
- High-speed order execution on the cTrader platform.
Cons
- Lack of a proprietary unique platform.
Analytics
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 5/5 | 5/5 |
Dukascopy Bank SA
Dukascopy's analytical tools are extensive and of high quality.
Pros
- Availability of fundamental and technical analysis.
- Own TV channel with up-to-date information.
- A variety of additional tools.
FIBO Group
The analytics section of FIBO Group is substantial and varied.
Pros
- A wide array of analytical tools and information.
- Daily forecasts and market updates.
- The presence of an economic calendar and current currency rates.
Education
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 3/5 | 5/5 |
Dukascopy Bank SA
Dukascopy's educational materials are limited, with a focus on video tutorials for the platform, but without in-depth analysis.
Pros
- Video tutorials for the JForex platform.
Cons
- Lack of regular webinars and seminars.
- Shortage of materials for advanced traders.
FIBO Group
Education at the FIBO Group Academy is highly valued due to its wide range of educational materials and experienced instructors.
Pros
- A variety of educational programs for traders of all levels.
- Professional expert instructors with years of Forex market experience.
- Availability of practical courses, webinars, video courses, and analytical streams.
Cons
- Lack of personalized approach in training.
Customer Support
| Broker | Dukascopy Bank SA | FIBO Group |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support |
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| Social Media |
Twitter
YouTube
Weibo
TelegramDukascopy Bank SA
Dukascopy's technical support is efficient, with rapid response and professional staff.
Pros
- Instant responses in chat.
- Short waiting time on the phone.
Cons
- No messengers for communication with support.
FIBO Group
The technical support of the FIBO Group broker is positively evaluated due to its professional customer service system and the availability of contact channels.
