Eightcap vs Dukascopy - Fees Review included
Which broker is better Eightcap or Dukascopy? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.2 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 | Eightcap | Dukascopy |
|---|---|---|
Overall |
2.9 |
4.4 |
3.3 |
4.8 |
|
3.7 |
3.5 |
|
3.7 |
5 |
|
Investment Instruments |
1 |
4.0 |
Platforms and Charting Tools |
3.5 |
5 |
Deposit and Withdrawal |
3.6 |
4.1 |
Research |
3.9 |
4.6 |
Education |
3.4 |
3.9 |
Support |
3.6 |
4.2 |
Bonuses |
4 |
4.8 |
|
|
|
Eightcap vs Dukascopy: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
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.
| Eightcap | Dukascopy | |
|---|---|---|
| Overall Pros | a large number of trading assets | providing clients with up-to-the-minute quotes |
| Low fees | permission to use algorithmic bots to automate trading; | |
| Good bonus programs | clients’ funds are secure up to CHF 100,000 | |
| Raw account avaible | ||
| Overall Cons | High minimum deposit - $100 | the registration and verification processes are complicated and time-consuming |
| lack of investment programs | trading terminals periodically hang up and fail to work | |
| the trading commission per 1 lot is high |
Eightcap vs Dukascopy: Safety and Regulation
| Eightcap | Dukascopy | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
CHF 100,000 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Eightcap vs Dukascopy: Trading Conditions
| Trading Conditions | Eightcap | Dukascopy |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
JForex Trader, MetaTrader 4, SWFX |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-200 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, indices, cryptocurrencies, stocks, metals, binary options |
Trading assets |
3620+ |
20000+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Demo FX, Live FX |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR |
Eightcap vs Dukascopy: Fees
| Eightcap | Dukascopy | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,4 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,5 |
0,3 |
ECN Commission |
3,5 |
2 |
ECN Spread EUR/USD |
0,1 |
0,3 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-2,5 |
Withdrawal fee, USD |
No |
0-2,5 |
Inactivity fee, $ |
No |
8,33 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Dukascopy: Trading Assets
| Asset Name | Eightcap | Dukascopy |
|---|---|---|
Overall |
3620+ |
20000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes |
Yes |
ETFs |
No |
Yes |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
Yes |
Eightcap or Dukascopy: Investment Programs
| Asset Name | Eightcap | Dukascopy |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Dukascopy or Eightcap
| Eightcap | Dukascopy | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
SWFX |
Others |
No |
JForex |
|
|
|
Eightcap vs Dukascopy: Deposit and Withdrawal Methods
| Eightcap | Dukascopy | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Eightcap vs Dukascopy: Research
| Research Type | Eightcap | Dukascopy |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Eightcap vs Dukascopy: Education
| Education Type | Eightcap | Dukascopy |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Dukascopy vs Eightcap: Support
| Support Features | Eightcap | Dukascopy |
|---|---|---|
Working Days |
24/7 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Callback |
Eightcap vs Dukascopy: Forex Bonuses and Promo
| Promo | Eightcap | Dukascopy |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
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 |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
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 Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
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.