Compare forex brokers 24option VS Dukascopy

If you're choosing between 24option and Dukascopy forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is 24option better than Dukascopy? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

24OPTION VS DUKASCOPY

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

Dukascopy
Dukascopy Overview

Dukascopy is a Swiss based Forex ECN, CFD and Binaries broker, offering more than 600 tradable assets across Currencies, Stocks, Indices, Commodities, Bonds, ETFs and Cryptocurrencies with a maximum 1:200 leverage on their own advanced, proprietary trading platform JForex as well as MetaTrader.

# Broker's Features 24OPTION Availability DUKASCOPY Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare 24option vs Dukascopy.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. 24option offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while Dukascopy offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. 24option is Market Maker, STP, while Dukascopy is ECN.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. 24option is regulated by CySEC, IFSC, while Dukascopy regulated by FCMC, FINMA, FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. 24option offers USD, EUR, GBP different account currencies for each account types, while Dukascopy offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. 24option offers English, while Dukascopy offers Chinese, English, French, German, Polish, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill different payment methods for each account types, while Dukascopy offers Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, 24option makes MT4 available to clients, while Dukascopy offers Jforex.

The Verdict: 24option or Dukascopy?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, 24option is more reliable based on our criteria above. 24option has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only 24option Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. 24option offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. 24option offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As 24option offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. As a market maker, 24option may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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