Compare forex brokers Nadex VS Dukascopy

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

NADEX VS DUKASCOPY

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.

Nadex
Nadex Overview

Nadex, the North American Derivatives Exchange, is a platform and exchange for short-term traders looking to make a profit in the investment markets. Through a Nadex account, you can trade binary options, touch brackets, and call spreads.

# Broker's Features NADEX 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 Nadex 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. Nadex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, 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. Nadex is Market Maker, 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. Nadex is regulated by CFTC, 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.

Languages Available: Next lets have a look at each broker's different Language options. Nadex 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. Nadex offers ACH, Credit/Debit Cards, Bank Wire Transfer 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, Nadex makes Proprietary available to clients, while Dukascopy offers Jforex.

The Verdict: Nadex 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, Dukascopy is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Dukascopy broker is regulated in more major hubs. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Dukascopy has a wider range of languages in which customer service is offered making the broker more accessible.

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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