Dukascopy Bank SA vs FreshForex Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Dukascopy Bank SA or FreshForex?
Our pick: Dukascopy Bank SA
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Dukascopy Bank SA looks preferable to FreshForex.
Dukascopy Bank SA scored 4.2/5 and ranks 34 in our all Forex brokers list, whereas FreshForex has 4.1/5 and ranks 35.
This is not financial advice. See the full comparison below.
Who is Dukascopy Bank SA suitable for?
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.
Who is FreshForex suitable for?
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
Comparison Table of Dukascopy Bank SA and FreshForex
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Rating | 4.2/5 | 4.1/5 |
| Foundation Year | 2010 | 2003 |
| Regulated in Countries | Switzerland | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Dukascopy Bank SA Review | FreshForex Review |
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.
FreshForex Review
FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.
Pros and Cons of FreshForex
Pros
- Extensive experience (since 2004).
- Minimum deposit from $25.
- Wide selection of currencies and cryptocurrencies for accounts.
- Various analytical and educational materials.
Cons
- No licenses from reputable regulators.
- High spreads and commissions on a number of instruments.
- No PAMM accounts or copy trading.
- No online chat or support via messengers.
FreshForex is in the top 10 of the following ratings:
Reliability
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2010 | 2003 |
| Regulated in Countries | Switzerland | Saint Vincent and the Grenadines |
| Regulators | FINMA FINMA | SVGFSA SVGFSA |
Dukascopy Bank SA
Dukascopy Bank is a reliable broker, regulated by FINMA and licensed in Switzerland, Japan, and Europe, confirming its stability and legitimacy.
FreshForex
FreshForex does not have licenses from leading global regulators, which increases the risks for clients. It operates in an offshore jurisdiction, so the level of investor protection is limited.
Pros
- Long-standing presence on the market (since 2004)
Cons
- Lack of regulation by authoritative bodies
- Limited legal protection for clients
Account Opening
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| 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.
FreshForex
Opening an account with FreshForex is quick, with detailed verification and a wide selection of currencies, including cryptocurrencies. The minimum deposit of $25 makes the broker accessible to most traders.
Pros
- Quick registration and verification
- Minimum deposit of $25
- Large selection of currencies and cryptocurrencies for accounts
Account Types
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Account Types | 4/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:2000 |
| 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.
FreshForex
FreshForex offers a wide range of accounts, including ECN, cent, and Islamic accounts, as well as a demo account. However, the lack of PAMM and copy trading limits the options for passive investors.
Pros
- A variety of accounts for different levels of traders
- Islamic accounts and demo accounts are available
Cons
- No PAMM accounts or copy trading
Commissions
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Commissions | 3.7/5 | 3.2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.3 | 1.8 |
| Commission per Lot | $3.78 | $3.3 |
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.
FreshForex
FreshForex's commissions are above average, especially for certain currency pairs, but the absence of inactivity fees and a unique cashback program partially compensate for this drawback.
Pros
- No inactivity fees
- No deposit/withdrawal fees
- Cashback program with different refund schemes
Cons
- High spreads and swaps
- Commissions on some pairs are above average
Deposit and Withdrawal
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Rating | 3.5/5 | 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.
FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
Pros
- No commission for deposits/withdrawals
- Support for cryptocurrencies and e-wallets
- Fast processing of requests
Markets and Products
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Markets and Products | 4.7/5 | 4/5 |
| Forex | 60 | 52 |
| Precious Metals | 5 | 13 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 6 | - |
| Indices | 20 | 12 |
| Stocks | 1081 | 133 |
| ETF | 51 | 7 |
| Bonds | 3 | - |
| Cryptocurrency | 18 | 71 |
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.
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
Pros
- Large number of currency pairs
- Wide selection of cryptocurrencies
- High leverage up to 1:2000
Cons
- No soft commodities or bonds
- Average number of CFDs on stocks
Trading Platforms
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| 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.
FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
Analytics
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| 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.
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Education
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| 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.
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for experienced traders.
Customer Support
| Broker | Dukascopy Bank SA | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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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.
FreshForex
FreshForex's technical support is competent and responsive, but the lack of online chat and messengers slightly reduces the convenience of communication.
Pros
- Quick response to tickets and calls
- Polite and qualified staff
Cons
- No online chat
- No support via messengers
Comparisons of Dukascopy Bank SA and FreshForex with other brokers
Dukascopy Bank SA Comparisons
Conclusion
Dukascopy Bank SA stands out as the better overall pick, while FreshForex trails on aggregate criteria.
Dukascopy Bank SA scored 4.2/5 and ranks 34 in our rating; FreshForex has 4.1/5 and ranks 35.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Dukascopy Bank SA or FreshForex?
Dukascopy Bank SA comes out ahead by overall rank (score 4.2/5, position 34) versus FreshForex (score 4.1/5, position 35).
Which broker is better for beginners: Dukascopy Bank SA or FreshForex?
Dukascopy Bank SA is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — Dukascopy Bank SA or FreshForex?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Dukascopy Bank SA and FreshForex?
Dukascopy Bank SA: MetaTrader 4, JForex. FreshForex: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with Dukascopy Bank SA and FreshForex?
Dukascopy Bank SA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. FreshForex: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Dukascopy Bank SA and FreshForex?
Dukascopy Bank SA: ECN. FreshForex: Classic, Market Pro, ECN, Classic.Cent. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Dukascopy Bank SA and FreshForex?
Dukascopy Bank SA: Apple Pay, Skrill, Neteller, Swift, SEPA, Visa, Mastercard. FreshForex: WebMoney, Volet, SticPay, M-Pesa, Bank Transfer, Visa, Mastercard, Мир, Online banking. Check method-specific fees/settlement times.
Which broker is safer — Dukascopy Bank SA or FreshForex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
