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.
Back in July Trading Point Group, which also operates XM, one of the leading brokers on the forex market, launched Trading.com. Currently the new brand is available only to European customers under a UK license, but latter when the process of obtaining a US license from the National Futures Association (NFA) is finalized, Trading.com will be introduced cross the Atlantic as well.
|#||Broker's Features||TRADING POINT OF FINANCIAL INSTRUMENTS Availability||DUKASCOPY Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||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 Trading Point of Financial Instruments 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. Trading Point of Financial Instruments offers Online Financial Trading and Investment Services Such as CFDs on Forex, Stocks, Indices, Metals, Commoditie, 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. Trading Point of Financial Instruments is Broker, while Dukascopy is ECN.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Trading Point of Financial Instruments recommended minimum capital is 5, while Dukascopy has a Minimum Deposit Requirement of .
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. Trading Point of Financial Instruments is regulated by FCA, 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. Trading Point of Financial Instruments offers EUR, USD, GBP, CHF, AUD, PLN, HUF 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. Trading Point of Financial Instruments offers Czech, Dutch, English, French, German, Hungarian,, 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. Trading Point of Financial Instruments offers Bank Wire Transfer, VISA, MasterCard, Local Bank Transfers, 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, Trading Point of Financial Instruments makes MT5, WebTrader available to clients, while Dukascopy offers Jforex.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Trading Point of Financial Instruments is more reliable based on our criteria above. Only Trading Point of Financial Instruments 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. Trading Point of Financial Instruments offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Trading Point of Financial Instruments 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. 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. Trading Point of Financial Instruments has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. Trading Point of Financial Instruments broker offers lower minimum deposit requirement.
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.