XTB vs Dukascopy - Fees Review included
Which broker is better XTB or Dukascopy? Our expert assessment conducted according to TU’s own methodology showed that XTB is one of the top brokers in the financial market with the TU Overall Score of 6.33 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 | XTB | Dukascopy |
|---|---|---|
Overall |
4.3 |
4.4 |
4.7 |
4.8 |
|
3.8 |
3.5 |
|
4.7 |
5 |
|
Investment Instruments |
1 |
4.0 |
Platforms and Charting Tools |
4.4 |
5 |
Deposit and Withdrawal |
4.8 |
4.1 |
Research |
4.1 |
4.6 |
Education |
4.4 |
3.9 |
Support |
4.5 |
4.2 |
Bonuses |
4.6 |
4.8 |
|
|
XTB vs Dukascopy: Pros and Cons
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
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.
| XTB | Dukascopy | |
|---|---|---|
| Overall Pros | 2100+ trading instrumetns | providing clients with up-to-the-minute quotes |
| Big choice of ETF CFDs | permission to use algorithmic bots to automate trading; | |
| Everage EURUSD spread 0.1 pip | clients’ funds are secure up to CHF 100,000 | |
| Advanced xStation trading platform | ||
| Well regulated broker | ||
| Overall Cons | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. | the registration and verification processes are complicated and time-consuming |
| High stock CFDs fees | trading terminals periodically hang up and fail to work | |
| the trading commission per 1 lot is high |
XTB vs Dukascopy: Safety and Regulation
| XTB | 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) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
XTB vs Dukascopy: Trading Conditions
| Trading Conditions | XTB | Dukascopy |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4 and xStation 5 |
JForex Trader, MetaTrader 4, SWFX |
Max Leverage (Futures) |
1-500 (only for non EU and UK clients), 1-30 |
1-200 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Forex, indices, cryptocurrencies, stocks, metals, binary options |
Trading assets |
2100+ |
20000+ |
Trading Accounts |
Demo, Standard, Pro, Islamic |
Demo FX, Live FX |
Base Account Currencies |
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 |
XTB vs Dukascopy: Fees
| XTB | Dukascopy | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,2 |
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, $ |
10 |
8,33 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XTB vs Dukascopy: Trading Assets
| Asset Name | XTB | Dukascopy |
|---|---|---|
Overall |
2100+ |
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 |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
Yes |
XTB or Dukascopy: Investment Programs
| Asset Name | XTB | Dukascopy |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Dukascopy or XTB
| XTB | Dukascopy | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
xStation 5 |
SWFX |
Others |
No |
JForex |
|
|
XTB vs Dukascopy: Deposit and Withdrawal Methods
| XTB | Dukascopy | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XTB vs Dukascopy: Research
| Research Type | XTB | Dukascopy |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
XTB vs Dukascopy: Education
| Education Type | XTB | Dukascopy |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Dukascopy vs XTB: Support
| Support Features | XTB | Dukascopy |
|---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Callback |
XTB vs Dukascopy: Forex Bonuses and Promo
| Promo | XTB | Dukascopy |
|---|---|---|
Forex Bonus |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
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 |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
A discount of 100% of the trading commission for inviting a friend to the company |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
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 XTB
-
Comment
I mainly trade CFDs with XTB. The broker offers over 2,100 instruments, including stocks, ETFs, indices, and cryptocurrencies. It’s especially convenient that the commission on stock trades starts from 0.08%, and the minimum trade size is 0.01 lots. Suitable for those looking to diversify their portfolio.
-
Comment
I chose XTB because of its regulated environment — the broker is overseen by the FCA, KNF, and other European supervisory authorities. This adds a level of trust when dealing with larger sums. The average spread on EUR/USD starts from 0.9 pips, with no fixed commission. These conditions are well-suited for long-term trading.
-
Comment
For all the time I have been working with xtb I have not had any complaints - the broker works transparently and legally. Withdrawal of funds goes without delays, the platform is convenient, and in general, cooperation brings only positive impressions. Of course, as in any trading, there are moments when the market does not go in your direction, for example, gaps after the weekend. I admit that at first it was unpleasant, but then I realized that it is just market realities and not the broker's fault. Otherwise, it is a pleasure to work here - fair conditions, adequate support and stability, which is worth a lot in this sphere.
-
Comment
Withdrawal of funds in XTB company is excellent - no delays and nervousness. In most cases, the money comes the next day after the request, maximum - in two days. This is really convenient, especially if efficiency is important. I have withdrawn funds several times, and each time the process went smoothly. The service works clearly, without hidden conditions or unexpected commissions. If you need a broker where you don't have to worry about timely withdrawal of profits, everything is on top here.
-
Comment
After a bad experience with several brokers of dubious reputation, I decided to take a break from trading. I practically did not trade for a whole year, because I simply did not see a platform suitable for me. However, eventually I came across xtb, and the broker interested me. Instead of immediately rushing into trading, I decided to approach the matter thoroughly: I studied reviews, observed the company and even got a consultation. What really struck me was the attitude towards clients. When I had questions, they answered them calmly and politely, without any irritation and rudeness, which, unfortunately, is not always found in this sphere. When the time came to withdraw my earnings, the process went smoothly, quickly and without unnecessary nerves. Now I can say that I have found a worthy broker with whom it is comfortable to work.
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.