AvaTrade vs Dukascopy - Fees Review included
Which broker is better AvaTrade or Dukascopy? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.06 out of 10. Dukascopy is one of the top brokers in the financial market with the TU Overall Score of 6.61 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | Dukascopy |
|---|---|---|
Overall |
4.6 |
4.4 |
4.7 |
4.8 |
|
4.4 |
3.5 |
|
4.4 |
5 |
|
Investment Instruments |
4.2 |
4.0 |
Platforms and Charting Tools |
4.6 |
5 |
Deposit and Withdrawal |
4.7 |
4.1 |
Research |
4.4 |
4.6 |
Education |
4.8 |
3.9 |
Support |
4.6 |
4.2 |
Bonuses |
3.9 |
4.8 |
|
|
|
AvaTrade vs Dukascopy: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
Dukascopy Bank SA is a Swiss online bank that provides its clients with online and mobile trading as well as banking and financial services. According to the law, Dukascopy, like any other Swiss bank or brokerage company, is a party to a deposit protection agreement. The EU is also on the lookout for client funds.
| AvaTrade | Dukascopy | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | providing clients with up-to-the-minute quotes |
| a wide range of trading instruments | permission to use algorithmic bots to automate trading; | |
| Swap-free account | clients’ funds are secure up to CHF 100,000 | |
| Advanced copy trading tools | ||
| A lot of educational content | ||
| Low fees | ||
| Optioins trading | ||
| Overall Cons | customer service efficiency and response time | the registration and verification processes are complicated and time-consuming |
| There is no ECN account | trading terminals periodically hang up and fail to work | |
| Market maker(dealing desk) type of broker | the trading commission per 1 lot is high |
AvaTrade vs Dukascopy: Safety and Regulation
| AvaTrade | Dukascopy | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,00 |
CHF 100,000 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
Yes |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
AvaTrade vs Dukascopy: Trading Conditions
| Trading Conditions | AvaTrade | Dukascopy |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
JForex Trader, MetaTrader 4, SWFX |
Max Leverage (Futures) |
1-400 |
1-200 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Forex, indices, cryptocurrencies, stocks, metals, binary options |
Trading assets |
100+ |
20000+ |
Trading Accounts |
Standard, Professional account |
Demo FX, Live FX |
Base Account Currencies |
EUR, USD |
USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR |
AvaTrade vs Dukascopy: Fees
| AvaTrade | Dukascopy | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
0,1 |
Standard acc. spread EUR/USD, max pips |
0,9 |
0,3 |
ECN Commission |
2 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-2,5 |
Withdrawal fee, USD |
No |
0-2,5 |
Inactivity fee, $ |
16,66 |
8,33 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs Dukascopy: Trading Assets
| Asset Name | AvaTrade | Dukascopy |
|---|---|---|
Overall |
1000+ |
20000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
Yes |
Bonds |
Yes (CFD) |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
Yes |
AvaTrade or Dukascopy: Investment Programs
| Asset Name | AvaTrade | Dukascopy |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
Yes |
Yes |
Other |
Bonds |
No |
Trading Platforms: Dukascopy or AvaTrade
| AvaTrade | Dukascopy | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
SWFX |
Others |
No |
JForex |
|
|
|
AvaTrade vs Dukascopy: Deposit and Withdrawal Methods
| AvaTrade | Dukascopy | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
AvaTrade vs Dukascopy: Research
| Research Type | AvaTrade | Dukascopy |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
AvaTrade vs Dukascopy: Education
| Education Type | AvaTrade | Dukascopy |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Dukascopy vs AvaTrade: Support
| Support Features | AvaTrade | Dukascopy |
|---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Callback |
AvaTrade vs Dukascopy: Forex Bonuses and Promo
| Promo | AvaTrade | Dukascopy |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
10% deposit bonus, 20% discount on trading commission if you participate in the discount program, anniversary bonus from the company in the amount of 100% of the client's account; |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
A discount of 100% of the trading commission for inviting a friend to the company |
Other Promos |
Contests for Traders |
|
|
|
|
Top 5 Reviews on Dukascopy
-
Comment
In my opinion, Dukascopy deserves attention from traders. They have been in the market for a long time and are considered a serious company. A big plus is the presence of licenses and client fund insurance, which ensures reliability and investment protection. I don't have to worry about my funds because I'm confident the broker won't deceive me. They also do not interfere with trading and provide reliable quotes with fast execution. I have encountered some issues while trading with Dukascopy. However, these problems are not critical for me.
-
Comment
I'm having trouble trading with Dukascopy. I have experience trading in financial markets. But for some reason, I can't seem to make a profit on this platform, even though I'm doing everything as before. I've lost a lot of money already and I'm trying to break even to leave the project. Nothing is working, and it's really frustrating me. I feel like money will gradually drain from my Dukascopy account, and soon I'll be bankrupt.
-
Comment
That's it, I'm ending my trading with Dukascopy. While they may be trustworthy in terms of fund withdrawals, the broker is very weak in terms of trading. Firstly, they constantly increase the broker's commission, as well as the withdrawal fee. And secondly, spread widening often triggers the stop-loss. In general, after another series of losing trades, I decided to terminate my cooperation with Dukascopy.
-
Comment
I traded with Dukascopy, but I stopped. Order execution is bad now, and approval of withdrawals takes too long. Somehow it has deteriorated greatly, I hope it won’t become a scam.
-
Comment
At Dukascopy, quotes do not match the market. Several times my trades were closed by stop loss when the chart was going up everywhere. I lost $9,000 and now they do not withdraw my balance. There has been no money for 6 weeks now. They do what they want.
Top 5 Reviews on AvaTrade
-
Comment
AvaTrade stands out from competitors due to its geographic range of regulation — the broker is licensed in Ireland, Australia, Japan, South Africa, and the UAE. Client funds are protected through segregated accounts. Customer support is available 24/7, but the platform’s user interface, especially the mobile version, needs updating. For beginners, educational resources are provided, including webinars and guides.
-
Comment
For passive investors, integration with DupliTrade — a trade-copying service — is available. Users can connect their accounts to the platform and follow strategies tested by other participants. The selection of signal providers is limited, but their data is transparent: performance, risk level, and number of followers are clearly shown. Access to the service is granted after opening an account with a minimum of $100.
-
Comment
Trading conditions at AvaTrade suit both conservative and active traders. Leverage up to 1:400 allows for scaling strategies, and the availability of swap-free accounts is beneficial for Islamic clients. The minimum lot is 0.01, which is convenient for cautious trades. However, customer support is not as fast as expected.
-
Comment
Among the 250+ available instruments, AvaTrade offers trading in currencies, cryptocurrencies, indices, metals, and stocks. The company is regulated by several authorities, including ASIC, FSA, FSCA, and the British Financial Services Commission. Support is available 24/7 and operates in 14 languages. On the downside, the web-based platform interface looks outdated and could use improvement.
-
Comment
I’ve used AvaTrade, and I really like its smooth interface and variety of trading options. The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible. I also appreciate the strong regulations, which add a sense of security. The only downside I noticed is that withdrawals can take a bit longer than expected, but overall, it’s been a solid experience.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.