Higher Rated
FxPro
Capital at risk · T&Cs apply
In the competitive landscape of online trading, Dukascopy and FxPro stand out with distinct offerings tailored to different trader profiles. Dukascopy, based in Geneva, Switzerland, attracts experienced traders seeking robust security through its Swiss banking licence and deep liquidity via an ECN model. On the other hand, London-based FxPro appeals to a broader audience with its no-commission structure, high leverage options, and a wide range of platform choices, including MT4 and MT5. While Dukascopy offers a sophisticated trading environment with historical tick data, FxPro provides a more accessible entry with lower spreads and negative balance protection, making it suitable for both novice and seasoned traders.
Dukascopy
FxPro
| Dukascopy | FxPro | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 4.1/5 ✓ |
| Min. Deposit | $100 | $100 |
| Spread from | 0.1 pips ✓ | 0.6 pips |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, MAS | FCA, CySEC, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5, Proprietary Web |
FxPro is the better choice overall, scoring 4.1/5 vs 3.7/5 on BrokerRank's independent rating. On fees, Dukascopy offers lower spreads (0.1 pips).
See full side-by-side comparison belowDukascopy
FxPro
WinnerDukascopy
FxPro
Dukascopy is headquartered in Geneva, Switzerland, and is regulated by the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS). Being a Swiss bank, Dukascopy offers one of the highest levels of client fund protection, owing to its banking licence, which ensures robust safety measures and strict compliance. This makes it a reliable option for traders prioritising security.
FxPro, on the other hand, is regulated by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia. These regulatory bodies are renowned for their stringent oversight, providing a high level of protection for traders. Additionally, FxPro offers negative balance protection, ensuring that clients cannot lose more than their initial deposit.
Dukascopy operates an ECN model with spreads starting from as low as 0.1 pips. However, it charges a commission of $3.5 per lot, which can accumulate over time. The minimum deposit required to start trading is $100, with maximum leverage offered at 1:200. While the spreads are competitive, the commission might be higher compared to other ECN brokers, impacting overall trading costs.
FxPro offers spreads from 0.6 pips with a zero-commission model, which can be more cost-effective for traders who prefer to avoid additional fees. The minimum deposit is also $100, and the broker provides a higher leverage option of up to 1:500. However, it is important to note that spreads on standard accounts can be higher, which might affect the overall cost of trading.
Dukascopy provides a range of trading platforms, including its proprietary web and mobile platforms, along with MT4. The proprietary platforms offer access to binary options and CFDs on a single platform, with historical tick data available for advanced analysis. FxPro supports MT4, MT5, and its own proprietary platforms, offering traders flexibility and a choice of robust trading environments. Both brokers provide mobile trading solutions, catering to traders on the move.
For beginners, FxPro takes the lead with its user-friendly platform and negative balance protection. Professional traders might prefer Dukascopy for its advanced features and Swiss security. In terms of fees, FxPro's zero-commission structure offers a cost-effective solution for most traders.
Dukascopy
3.7/5
Choose Dukascopy if you want…
FxPro
4.1/5
Choose FxPro if you want…
FxPro scores higher overall on our independent rating system. Dukascopy holds a 3.7/5 rating vs FxPro's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Dukascopy offers spreads from 0.1 pips, while FxPro starts at 0.6 pips. Check the fees section above for a full breakdown.
Dukascopy requires a minimum deposit of $100. FxPro requires $100.
Dukascopy is regulated by FCA, MAS, while FxPro holds licences from FCA, CySEC, ASIC.
Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. FxPro supports MT4, MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.