Dukascopy Bank SA vs MTrading 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 MTrading
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 4.2/5 | 3.1/5 |
| Foundation Year | 2010 | 2011 |
| 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 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Dukascopy Bank SA Review | MTrading 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.
MTrading is suitable for traders who prefer the MetaTrader 4 platform and a variety of instruments but are ready for potential risks due to lack of regulation.
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:
MTrading Review
MTrading offers a variety of trading accounts that can meet the needs of traders with different levels of experience and capital sizes. The wide range of trading instruments available makes this broker attractive for traders seeking to diversify their investments. The copy trades service may also be of interest to beginners who want to profit by following the strategies of successful traders.
MTrading is suitable for new traders, especially those who want to try copying trades and working with various trading instruments on one platform.
Pros and Cons of MTrading
Pros
- Availability of different types of trading accounts.
- Wide range of trading assets.
- Own copy trading platform.
Cons
- Lack of licenses from reputable regulators.
- Limited choice of trading platforms.
- Only one method of communication with support service.
- Absence of some popular deposit and withdrawal methods.
- Sparse analytical and educational materials compared to competitors.
Reliability
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 2010 | 2011 |
| 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.
MTrading
Broker MTrading is registered in a jurisdiction with limited regulation, which may raise concerns among investors.
Pros
- Company's reputation in the market.
- Measures to ensure the security of client funds.
Cons
- Lack of regulation by major financial authorities.
- Potential risks for investors due to weak regulation.
Account Opening
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| 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.
MTrading
Opening an account with MTrading is a simple, convenient, and fast process.
Account Types
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Account Types | 4/5 | 4.3/5 |
| 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.
MTrading
Broker MTrading offers a variety of accounts that meet the needs of different traders, but there are no accounts with fixed spreads.
Pros
- Wide selection for different levels of experience.
- Ability to start trading with small amounts.
- Availability of copy trading service.
Cons
- Absence of accounts with fixed spreads.
Commissions
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Commissions | 3.7/5 | 1.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.3 | 1.3 |
| 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.
MTrading
MTrading's commissions are above the market average, which can affect the overall profitability of the trader.
Pros
- There are no withdrawal fees.
Cons
- Commission per trade on M.Pro is above average.
- Almost all swaps are negative.
- Additional commission for account inactivity.
Deposit and Withdrawal
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
| 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.
MTrading
MTrading offers a limited selection of payment systems, but transactions are fast and commission-free.
Pros
- No commissions for depositing and withdrawing funds.
- Fast execution of payments.
- Support for cryptocurrency payments.
Cons
- Lack of popular methods such as bank transfer and credit cards.
Markets and Products
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Markets and Products | 4.7/5 | 4/5 |
| Forex | 60 | 38 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 6 | - |
| Indices | 20 | 10 |
| Stocks | 1081 | 87 |
| ETF | 51 | 9 |
| Bonds | 3 | - |
| Cryptocurrency | 18 | 12 |
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.
MTrading
MTrading offers a wide range of trading assets, covering major markets and allowing traders to flexibly form their portfolio.
Pros
- Access to 38 currency pairs in the Forex market.
- Ability to trade CFDs on stocks, indices, commodities, and cryptocurrencies.
Cons
- Soft commodities are not available.
- The overall number of CFDs is average, lower than many competitors.
Trading Platforms
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 4.5/5 | 3.5/5 |
| 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.
MTrading
MTrading focuses on the MetaTrader 4 platform, offering its various modifications, but limits the choice of alternatives.
Pros
- Availability of the time-tested and popular MT4 platform.
- Additional features in MT4 Supreme Edition to enhance trading.
- Ability to trade through a browser with WebTrader.
Cons
- Lack of modern platforms such as MetaTrader 5 or cTrader.
Analytics
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 5/5 | 3/5 |
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.
MTrading
MTrading offers basic analytical tools, but they may seem limited compared to competitors.
Pros
- Access to up-to-date financial market news.
- Technical analysis from the company's experts.
Cons
- Lack of advanced analytical tools.
- No integrated services such as Autochartist or Trading Central are provided.
Education
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 3/5 | 2.5/5 |
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.
MTrading
MTrading offers basic educational materials targeted at beginner traders, but their range is limited.
Pros
- Articles on the basics of Forex.
- Overviews of indicators and strategies.
Cons
- Lack of advanced educational resources.
- No webinars or video tutorials are provided.
- Limited variety of topics.
Customer Support
| Broker | Dukascopy Bank SA | MTrading |
|---|---|---|
| Rating | 4.5/5 | 2.5/5 |
| Email Support |
| — |
| Hotline Phones |
| — |
| Social Media |
Twitter
YouTube
Weibo
Facebook
Telegram
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.
MTrading
MTrading's technical support has an average level, with certain shortcomings in communication channels and resolving client issues.
Pros
- Availability of online chat for quick communication.
- Support through social media.
Cons
- Lack of telephone line and email support.
- Issues with response timeliness.
- Complaints about ineffective resolution of finance-related issues.
