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Do you want to know which is the better broker between Dukascopy Bank and Directrader ?
In the table below, you can compare the features of Dukascopy Bank , Directrader side by side to determine the best fit for your needs.
EURUSD:3
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EURUSD:10.31
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EURUSD: -7.2 ~ 3.36
XAUUSD: -55.23 ~ 31.92
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of dukascopy, directrader lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland. The bank specializes in providing cutting-edge internet-based and mobile trading services, with a strong focus on foreign exchange, CFDs, and binary options. Additionally, the bank offers a wide range of banking and financial services, all supported by their in-house technological solutions.
Dukascopy Bank was established on November 2, 2004, in Geneva by Andre and Veronika Duka, both Swiss nationals residing in Geneva who continue to maintain a 99% ownership stake in the company. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm.
Dukascopy Bank fully owns Dukascopy Europe IBS AS, a European licensed brokerage company based in Riga and Dukascopy Japan, a Type-1 licensed broker located in Tokyo. In addition to its Geneva Headquarters, Dukascopy Bank has offices in Riga, Tokyo and Hong Kong. Currently, Dukascopy Group employs over 300 staff.
The Dukascopy Group primarily offers online and mobile trading services through the SWFX - Swiss FX Marketplace, which is Dukascopy's proprietary ECN (Electronic Communication Network) technological solution and a registered trademark.
Dukascopy main features | |
☑️Regulations | FINMA (Switzerland), JFSA (Japan), FCMC (Latvia) |
💰 Account currency | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR |
🗺 Supported Languages | English, Spanish, German, French, Arabic, Russian, Portuguese, Japanese, Chinese, Slovak, Czech, Polish, Italian, Hungarian |
📊 Accounts | ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing). |
💰 Products (CFD) | Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Crypto |
💵 Min Deposit | $100 (Dukascopy Bank SA), $100 (Dukascopy Europe IBS AS) |
💹 Margin Call / Stop Out: | 100%/200% |
📈️ Min Order | 0.01 |
💱 Spread | From 0.1 pips for EUR/USD |
💹 Max Leverage | From 1:1 to 1:200 on weekdays/ from 1:1 to 1:60 on weekends (JForex4 platform - limitations may apply), 1:25 (Dukascopy Japan) |
🖥 Trading Desk Type | All trading orders are executed fully automatically by the trading system. Order execution is STP (Straight-Through Processing) without any human intervention |
📊 Trading Platforms | JForex4 and MT4 platform, both are available for desktop and mobile. |
💳 Deposit Options | Wire Transfer (SWIFT, SEPA), Debit/Credit Card, Cryptocurrencies, Skrill, Neteller, Bank guarantee |
💳 Withdrawal Options | Bank Transfer, Transfer to crypto exchange, Skrill, Neteller, Payment Card |
🕑 Time to Withdrawal | Withdrawal request is processed within 1 working day |
🕝 Time to Open an Account | The deposit is processed within 1 working day |
₿ Cryptocurrencies | Bitcoin, Cardano, Litecoin, Stellar, Dash, Enjin Coin, TRON, Uniswap, EOS, Ethereum, Basic Attention Token, Chainlink, Polygon |
🗓 Foundation Year | 2004 (Geneva, Switzerland) |
🎁 Contests and bonuses | Yes |
Dukascopy offers an exceptional trading experience that is worth every trader's attention. With a client-first approach, Dukascopy provides numerous advantages, making them a standout choice for anyone looking to enter the financial markets. Dukascopy's commitment to cost-efficiency is evident through their low spreads, allowing for savings on trading costs. Swift execution ensures obtaining the best possible prices, providing a competitive advantage in trades. Additionally, with deposit protection of up to CHF 100,000, you can trade with peace of mind.
The unique trading platform, JForex4, Dukascopy's proprietary solution, is user-friendly, making trading accessible even for beginners. JForex4 presents over 200 technical indicators and trading widgets to help in staying informed about potential opportunities. With support for minute timeframes like ticks and seconds, it is perfect for scalping. Dukascopy's 19 years of experience and Swiss banking license instill trust and security. With over 1200 instruments, leverage up to 1:200, and 24/7 live trading support, Dukascopy stands as a trusted partner to guide traders through their trading journey.
Moreover, Dukascopy offers a great feature – detailed historical price feed data makes it easier to develop and test trading strategies. This data covers various financial instruments, helping traders make informed decisions and reducing the risk of price manipulation. Dukascopy's extensive data archive is a useful resource for creating trading strategies, especially for high-frequency trading, and provides practical insights.
With such a comprehensive offering, Dukascopy is the go-to choice for transparent and professional trading services. Make a smart move and open an account today!
Attractive trading conditions |
Client funds protected up to CHF 100,000, with EUR 20,000 cover for Dukascopy Europe. |
Online account opening with video identification |
Accumulating liquidity from various sources (banks, brokerage companies, liquidity providers, internal liquidity pool) |
ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing). |
A wide range of free financial information and other attractive resources is available through its website, including Dukascopy TV |
Extensive variety of trading platforms, JForex4, MT4 (available for desktop and mobile) |
Manual and automated trading and trading directly from the chart |
Hedging and scalping allowed |
Slippage control |
Swap free accounts upon request (conditions apply) |
200 indicators and chart studies and automated trading historical tester |
Wide range of trading orders: MIT, limit orders, eco and TP/SL orders |
Deposit bonus up to 100% |
Leverage up to 1:200 |
Dukascopy regulations
Dukascopy is strictly supervised and regulated by esteemed regulatory bodies. The regulatory authorities play a pivotal role in ensuring Dukascopy’s compliance with the highest standards of financial and securities industry practices.
Dukascopy's international presence is underlined by its licenses and oversight by regulatory authorities in different parts of the world:
Dukascopy Bank SA is licensed and regulated as a bank and as a securities firm by the Swiss Financial Market Supervisory Authority (FINMA), which is classified as a Tier-1 regulator.
Dukascopy Europe IBS AS is licensed and regulated by the Bank of Latvia, also recognized as a Tier-1 regulator.
Dukascopy Japan K.K. is licensed and regulated by the Financial Services Agency of Japan (JFSA), known as a Tier-1 regulator.
These regulatory bodies set specific requirements for Dukascopy, and the company has diligently complied with them since 2004. It is important to note that failure to comply with these requirements could result in the withdrawal of the bank's license. Regular audits are conducted to ensure adherence to Swiss laws. Dukascopy also ensures client security by providing deposit protection for amounts up to CHF 100,000, in line with Swiss financial service provider requirements.
Dukascopy is widely regarded as one of the safest brokerage firms. They maintain strict safety standards and hold official licenses from respected financial regulators. Routine audits by PKF for internal affairs and KPMG for financial records further solidify their commitment to safety and financial integrity.
In summary, Dukascopy's reputation as a trusted and stable entity is due to its adherence to three top-tier regulations, regular audits, stringent safety standards, and a strong commitment to transparency. These qualities make Dukascopy a reputable choice for investors around the world.
Trading terms for Dukascopy clients
Traders opt for Dukascopy due to its well-established reputation for providing a secure trading environment. Dukascopy Bank SA, headquartered in Switzerland, operates under the regulation of the Swiss Financial Market Supervisory Authority (FINMA). This regulatory oversight ensures strict adherence to financial standards and secures client accounts up to CHF 100,000.
Dukascopy takes pride in delivering favorable trading terms to its clients. By offering narrow spreads, cost-effective commissions, and access to abundant liquidity from numerous providers, Dukascopy enables traders to execute trades at competitive rates, ultimately increasing their profitability.
Dukascopy also permits traders to select from a range of trading accounts, including Standard, ECN, and Islamic accounts, to suit various trading styles and preferences.
Furthermore, in addition to the widely-used MT4 platform, Dukascopy presents its proprietary JForex4 trading platform, available for both desktop and mobile devices. This platform grants traders the flexibility to monitor and participate in the markets from anywhere, ensuring they never miss a trading opportunity. Dukascopy's JForex4 mobile platform offers real-time quotes, comprehensive order management features, and full account accessibility.
With Dukascopy, you can transfer funds directly from the JForex platform to a multi-currency banking account (MCA), without any associated fees. The MCA account supports various payment methods, including card and cryptocurrency transactions.
Trading features | |
🔧 Instruments | 1200+ instruments including: FX, Commodities (CFD), Indices (CFD), Bonds (CFD), Stocks (CFD), ETF (CFD), Crypto (CFD) |
🏛 Liquidity Provider | Liquidity providers are represented by centralized marketplaces and a number of banks which continuously provide ask and bid prices on the market. The sentiment ratio of this group is opposite to liquidity consumers data because, for each trade executed through SWFX, there are two equal and offsetting over-the-counter transactions |
⚡Lightning-fast order execution | Yes |
🎧 Customer support | 24h/7 multi-language support via chat, phone and email |
⭐ Other | A wide range of order types, including stop-loss and limit orders |
📱 Mobile trading | Yes |
Directrader | Basic Information |
Company Name | Directrader |
Headquarters | Saint Vincent and the Grenadines |
Regulations | Not regulated |
Account Types | VIP, diamond, gold, silver, mini account |
Minimum Deposit | $250 |
Maximum Leverage | 1:400 |
Customer Support | Email (support@directrader.com)Phone (+56225821161) |
Directrader, based in Saint Vincent and the Grenadines, functions as an online trading platform providing traders with access to financial instruments. Offering account types such as VIP, diamond, gold, silver, and mini accounts, Directrader caters to traders with varying preferences and experience levels. However, it's crucial to highlight that Directrader operates without regulatory oversight, which may introduce potential risks related to unregulated trading. Traders are advised to proceed with caution and conduct thorough research before participating in any trading activities on the platform.
Directrader is not regulated. It's crucial to understand that Directrader operates without regulation, meaning it lacks oversight from established financial regulatory authorities. This absence of regulation poses risks for traders, including limited options for resolving disputes, potential concerns about the safety of funds, and a lack of transparency in the broker's operations. Traders are encouraged to conduct thorough research on a broker's regulatory status before engaging in trading activities to safeguard their investments and ensure a more secure trading experience.
Directrader presents traders with a variety of account types, catering to different trading preferences and experience levels. However, it's crucial to note that Directrader operates without regulatory oversight, which may expose traders to potential risks associated with unregulated trading. Additionally, the platform lacks comprehensive educational resources and transparency regarding company policies and procedures, which may leave traders feeling uncertain. Furthermore, there is unclear information on spreads and commissions, leading to confusion and frustration for traders. Lastly, difficulties in accessing the website may disrupt the trading experience for users, highlighting the need for improved reliability and accessibility.
Pros | Cons |
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Directrader offers a diverse range of account types tailored to accommodate traders with varying experience levels and investment capital.
The VIP account caters to high-net-worth individuals, requiring a minimum deposit of $1 million.
For experienced traders, the diamond account provides advanced features with a minimum deposit of $500,000.
The gold account, suited for seasoned traders, requires a minimum deposit of $50,000, while the silver account targets intermediate traders with a minimum deposit of $5,000.
Additionally, the mini account offers a low barrier to entry with a minimum deposit of $250, ideal for beginner traders looking to start their trading journey.
Directrader provides varying maximum leverage levels across its account types to suit the risk preferences and trading strategies of different traders.
The VIP account offers the highest maximum leverage of 1:400, providing greater potential for amplified returns for high-net-worth individuals.
For diamond account holders, the maximum leverage is set at 1:300, offering slightly lower leverage while still providing ample trading flexibility.
Gold and silver account holders both have a maximum leverage of 1:200, suitable for seasoned and intermediate traders, respectively.
The mini account also offers a maximum leverage of 1:200, ensuring consistent trading conditions for beginner traders with smaller capital.
For support inquiries, traders can reach out to Directrader's customer service team via email at support@directrader.com. Additionally, they can contact the support team by phone at +56225821161.
In conclusion, Directrader offers a variety of account types but operates without regulatory oversight, posing potential risks. The platform lacks comprehensive educational resources and transparency on policies and procedures. Unclear information on spreads and commissions may cause confusion. Traders should be cautious and conduct thorough research before engaging with Directrader to ensure a safer trading experience.
Q: Is Directrader regulated?
A: No, Directrader operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.
Q: What account types does Directrader offer?
A: Directrader provides various account types, including VIP, diamond, gold, silver, and mini accounts, catering to different trading preferences and experience levels.
Q: How can I contact Directrader's customer support?
A: You can reach Directrader's customer support primarily through email at support@directrader.com. Additionally, you can contact the support team by phone at +56225821161.
Trading online comes with significant risks, and it's possible to lose all the capital you invest. Not every trader or investor may be suited for this type of activity. It's crucial to fully understand the risks involved before proceeding. Keep in mind that the details provided in this review may change as the company updates its services and policies. The date of this review's generation is also important to consider, as information may have changed since then. To ensure accuracy, it's recommended to verify any updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive dukascopy and directrader are, we first considered common fees for standard accounts. On dukascopy, the average spread for the EUR/USD currency pair is from 0.1 pips, while on directrader the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
dukascopy is regulated by FSA,FINMA. directrader is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
dukascopy provides trading platform including MT4,JForex and trading variety including Forex, cryptocurrencies, CFDs, metals. directrader provides trading platform including VIP ACCOUNT,DIAMOND ACCOUNT,GOLD ACCOUNT,SILVER ACCOUNT,MINI ACCOUNT and trading variety including --.