Dukascopy Bank SA vs HYCM 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 HYCM?
Our pick: HYCM
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - HYCM looks preferable to Dukascopy Bank SA.
HYCM scored 4.2/5 and ranks 33 in our all Forex brokers list, whereas Dukascopy Bank SA has 4.2/5 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 HYCM suitable for?
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Comparison Table of Dukascopy Bank SA and HYCM
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Rating | 4.2/5 | 4.2/5 |
| Foundation Year | 2010 | 1976 |
| Regulated in Countries | Switzerland | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0.1 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Dukascopy Bank SA Review | HYCM 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.
HYCM Review
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
HYCM is in the top 10 of the following ratings:
Reliability
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2010 | 1976 |
| Regulated in Countries | Switzerland | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators |
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Dukascopy Bank SA
Dukascopy Bank is a reliable broker, regulated by FINMA and licensed in Switzerland, Japan, and Europe, confirming its stability and legitimacy.
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Account Opening
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| 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.
HYCM
The account opening process at HYCM is simple and convenient, ensuring a smooth start for traders. However, verification and financial profile completion may take time.
Pros
- Quick registration, taking less than 5 minutes.
- Straightforward and understandable registration process.
Cons
- Necessity to fill out a detailed financial profile.
- Minimum deposit of $100 may be high for beginners.
Account Types
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Account Types | 4/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0.1 points |
| Max Leverage | 1:200 | 1:500 |
| 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.
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Commissions
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Commissions | 3.7/5 | 3/5 |
| Spread | from 0.1 points | from 0.1 points |
| Average Spread (EURUSD) | 0.3 | 1.5 |
| Commission per Lot | $3.78 | $4 |
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.
HYCM
HYCM charges average trading fees and an account inactivity fee.
Deposit and Withdrawal
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| 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.
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Markets and Products
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Markets and Products | 4.7/5 | 5/5 |
| Forex | 60 | 72 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 6 | 4 |
| Indices | 20 | 27 |
| Stocks | 1081 | 1080 |
| ETF | 51 | - |
| Bonds | 3 | - |
| Cryptocurrency | 18 | 28 |
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.
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Trading Platforms
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| 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.
HYCM
HYCM offers reliable and functional trading platforms MT4 and MT5, available on various devices and supporting automated trading.
Pros
- Availability of popular and functional platforms MT4 and MT5.
- Extensive capabilities for technical analysis and automated trading.
- Support for many devices, including desktop computers and mobile devices.
Cons
- Lack of a proprietary unique platform.
Analytics
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
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.
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Education
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Rating | 3/5 | 4.5/5 |
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.
HYCM
HYCM's educational materials cover a wide range of topics and are available in various formats, making them useful for traders of different levels.
Customer Support
| Broker | Dukascopy Bank SA | HYCM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
YouTube
Weibo
Facebook
LinkedIn
InstagramDukascopy 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.
HYCM
HYCM provides efficient and professional technical support, with some nuances.
Pros
- A sufficiently broad range of communication channels.
- Quick and professional response.
- Positive client reviews.
Cons
- Lack of 24/7 support.
- Can only call an international phone number.
- Absence of messenger services among communication channels.
Comparisons of Dukascopy Bank SA and HYCM with other brokers
Conclusion
HYCM stands out as the better overall pick, while Dukascopy Bank SA trails on aggregate criteria.
HYCM scored 4.2/5 and ranks 33 in our rating; Dukascopy Bank SA has 4.2/5 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 HYCM?
HYCM comes out ahead by overall rank (score 4.2/5, position 33) versus Dukascopy Bank SA (score 4.2/5, position 35).
Which broker is better for beginners: Dukascopy Bank SA or HYCM?
HYCM 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 HYCM?
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 HYCM?
Dukascopy Bank SA: MetaTrader 4, JForex. HYCM: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with Dukascopy Bank SA and HYCM?
Dukascopy Bank SA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. HYCM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Dukascopy Bank SA and HYCM?
Dukascopy Bank SA: ECN. HYCM: Classic, Fixed, Raw. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Dukascopy Bank SA and HYCM?
Dukascopy Bank SA: Apple Pay, Skrill, Neteller, Swift, SEPA, Visa, Mastercard. HYCM: Neteller, Skrill, Perfect Money, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Dukascopy Bank SA or HYCM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
