Dukascopy vs Exness: Which One is Better for You?
Dukascopy vs Exness, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Dukascopy vs Exness, here is the direct comparison:
|Office(s)||Hong Kong, Japan, Latvia, Malaysia, Russian Federation, Switzerland, Ukraine, United Arab Emirates||Cyprus, Seychelles, United Kingdom|
|Regulation||DFSA (Dubai), F004307
FCMC (Latvia), May, 2011
FINMA, June 15, 2010
FSA (Japan), 2408
FCA (UK), 730729
FSA (Seychelles), SD025
|Minimum Position||0.001 lot||0.01 lot|
|Payment||Credit/debit cards, Wire transfer||Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney, Wire transfer, Yandex.Money|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish||Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese|
Jasmine C.Sep 11 2020
Jasmine H. This is a user friendly platform. The speed of execution is great and the slippage generally small.
Jake CavanaughSep 11 2020
I love the JForex trading platform and find trading a pleasure on this good looking up to date interface. It is very customizable, easy to use, and has so many helpful features taking the guessing out of every trade.
BlakeSep 11 2020
Best broker with super convenient JForex platform.
payton89Sep 11 2020
Reports are not informative to get real info about your incomes and spendings at one page. Looks like they try to hide your commissions and rollovers.
Jocelyn WarrenSep 11 2020
It was always a pleasure trading with dukascopy but didn't do it all by myself, had help of my freelance account manager and he knew what to do. Have a look on my bio and access the best trading freelance
DakotaSep 10 2020
Your platform has friendly interface due to wich even person who never trade can understand all functions.
LeonelSep 10 2020
I'm having very good experiencies with Duka. The withdrawals are always on time, no delays at responsing to any questions, or queries. I meet high quality on their own developed platfrom (I don't use MT4) and I believe the spreads and cost of comissions are competitives. I'd truly recommend their service.
MalcolmSep 10 2020
From the experience of many platforms and companies .. I recommend JForex platform, it easy and clear and obviates many tools.
Travis BernabasSep 10 2020
Trading with dukascopy has been pleasant and profitable but I always have recovery kapital check my account from time to time for errors to avoid loss of any kind but if you have lost any money to trading, get with them on their website.
Fernando JoseSep 10 2020
They ask for a selfie with your passport to verify. I thought it was a prank but they're genuine. Unusual and unfortunate experience with this. What is the purpose?
Eduardo GonzalesSep 25 2020
OK platform but they need to check it because I cannot move orders on the chart by clicking and dragging, should be enabled asap.
DanteSep 10 2020
I wanted to open account with Dukascopy but they refused my application. I sent all of my fully legally documents from Canada for source of my fund but they refused my account because I was originally from another place. All of my documents and my bank account and my sources were fully legally by government of Canada.
Cody Cody JrSep 10 2020
I've been using Dukascopy with the javaws Jforex. I don't think I have seen any disruptions which is good. Other than silly spreads on some of the crosses around the US close. I opened another currency account to do internal transfer. It costs a fee and is not instant even though you get the spot rate. Even after several hours it was still not complete, another minus.
Joanna SinclairSep 10 2020
Got rude and disrespectful account manager. Don’t know if he have problem at home, but please be professional to your clients. Will try for more time but then I'll decide.
KalebSep 10 2020
It's pretty general from me. Not gonna lie that their platform is very good, relatively easy to digest. They are excellent in everything. Glad found their platform.
Brianna ColtSep 10 2020
The most reliable ECN forex, cfd broker. The costumer service was well. The platform is better then either. I recomend it for everyone!
darkfather845Sep 10 2020
In my experience, which is very limited, your JForex platform is the best. I've tested MetaTrader, but it's not good for me.
Margaret GeiselmannSep 10 2020
truly different experience than what is experienced with others endless investment tools are available for trading. very safe trading there, one of the very few in the market that is considered a true ECN so highly recommended.
C. CharlieSep 10 2020
Hello, I just a beginner trader. Jforex is user friendly so it's easy to use for me as a newbie. Not biased review, but bades on my own experience. Goodluck to all of us.
Richard BSep 10 2020
Dukascopy allowed to use algorithmic strategy. It is very clear, precise, and adaptable. This broker is very helpful, honest, and adaptable.
YuNaJul 27 2020
They keep getting better every year, so I decided to re-activate my account. The support helped me a great deal for it
Alex JoannJul 27 2020
My mentor suggested Exness when I was still new. They really help me to grow my account and never give any significant problem during my learning phase. Thanks Exness
Clara91Jul 27 2020
I only want to trade in a reliable broker, and for me, exness has what it takes to be a reliable broker
John Wallace PJul 27 2020
Used to trade in another broker and everything was difficult. I never feel similar diificulties from Exness. Keep up the good work!
nickycloudJul 27 2020
I registered based on my friend's recommendations.
So far so good. I can see why many traders favor this broker
Jenny ADJul 27 2020
Quick withdrawal and I got what I need in their trading signals. Good app for mobile phone too
Make it easier for me to trade everywhere
McPhersonJul 27 2020
Very nice broker! They have a good principle to avoid ambiguous bonus programs. Very desirable for safe trading
Harry AndrewsJul 20 2020
My withdrawal was delayed for two days even though the balance got immediately reduced. Fortunately, it didn't happen every time. The other day I requested a withdrawal and the process only took 5-10 minutes.
Chow PaxJul 20 2020
They claim to have 0 spreads, but the reality doesn't say so. I never see the 0 spreads, BTC/USD even has 400+ pips spread. I can't choose which one is more preferable so oftentimes I'm constrained to 2-3 pairs with 10-15/20 pips spread.
Win72fxJul 20 2020
I heard a lot of complaints about withdrawal, but Exness rarely has it. In my opinion, this is where a forex broker's quality is really determined. As long as the problem is kept to a minimum, it can be safely said that the broker is quite recommended. No need for A-Z promotions, withdrawal quality says it all!!
bangbang52Jul 20 2020
I always have positive experiences with Exness. There are a lot of benefits for IBs
RyanserieJul 20 2020
I have traded with this broker for several months. Though I doubted it in the beginning due to my painful experience with several other brokers when dealing with fund withdrawal, I'm amazed that Exness turns out to have auto deposit/withdrawal.
As for the payment methods, there are many choices for deposit while withdrawal method is only internet banking. So far it's not a problem for me as the process can be done in a few minutes. I'm not advertising but I truly enjoy trading with this broker.
Ok OcJul 20 2020
I used to trade in this broker because of its competitive trading conditions. I gradually left Exness because it can't keep up to offer attractive promotions.
Marais ElJul 20 2020
I recommend moderate leverage from 1:200 - to 1:500. Avoid high leverage at all costs.
Exness is a good broker as they're able to give 1:3000 leverage but always warn their clients should they want to try it.
Jonah ruleJul 20 2020
The Stop Loss didn't work. My account got MC because of it.
LeonJul 20 2020
The first time I tried to withdraw from this broker I immediately feel wronged. They said the payment process using FasaPay is instant, but it actually needed 3-5 business days. Where is the instant withdrawal that they claim to be capable of providing with? I'm beginning to doubt this broker
Bona GannJul 20 2020
Please don't complicate my withdrawal process. I have been trading with you since 2011, but lately, I'm always feel cheated as my withdrawal requests are always rejected for some abstract reasons. Here are the instances.
1. My withdrawal is usually confirmed by email but suddenly it's changed to be via phone, which makes it difficult for me during the switchover. the case was cleared but it psychologically troubled me a great deal.
2. I ordered a withdrawal via FasaPay for $350 and my balance at that time was $1044. When I choose the currency, there was a notification indicating that I my balance was not enough. I was made to totally unable of withdrawing my fund. The case was cleared but I haven't succeeded in withdrawing my fund.
3. Lastly, all of my payments are via FasaPay, but I was once denied of withdrawal process because I supposedly use BTC to deposit. Wth?? I didn't even have a BTC account.
Forex youngJul 20 2020
I've been trading only in Exness for 3 years. Other brokers are not good for a scalper like me due to the many restrictions. I can enjoy my profit in this broker and focus on trading for a living, not aiming to become a billionaire.
Exness' cons usually appear when there are news releases. It'll be very difficult to enter a trade and sometimes the MT4 can freeze. Recently there is a leverage warning every time important news are about to appear. There will be adjustment to margin requirements and the leverage can shrink to 1:200. Is it because the Exness team is also trading and they don't want to lose?
Mike FalonJul 20 2020
My friends and I have been trading with Exness (mini account, dp/wd via fasapay) with no problems and satisfying conditions. We can optimize the broker's feature to our capabilities, and that's saying something. Loss and profit come and go, even margin call is a normal occurrence. We consider them as precious experiences to rebound from.
Jarwo JKJul 20 2020
Ever since I found this broker I feel it's the best. FasaPay withdrawal is instant despite the maximum limitation for transfer amount per transaction. The support is quite responsive as well as the ib commission. Unlimited leverage is also great for snipers with small capital.
Mr ArtieJul 20 2020
I admit that Exness spreads tend to widen significantly during news releases. Slippage is also a risk but which broker doesn't have it? Aside from the disadvantages, Exness cent account is preferable.
As long as you don't trade the news, everything is good.
Agys Rb17Jul 20 2020
Average spreads in other brokers' cent account range from 1.3 to 2 pips. Exness has lower spreads that can get below 1 pip with the average spread only 1 pip.
John JuniorsJul 20 2020
I quite like this broker especially for its mini and cent accounts. When I was still a beginner I got margin call so I tried other brokers. My comparison results in all of those brokers' real accounts proved that Exness' cent account is pretty good.
Still, I can't quite choose Exness as my only one broker since there's no local bank deposit/withdrawal and fixed rate... Wish they can provide them sometimes in the future... ?
Bill NielsonJul 20 2020
Update from my previous predicament,
Exness has given back my money, and as a fair responsibility, I wrote here again about their good feedback. Imo it is the only broker willing to really compensate their client.
Bill NielsonJul 20 2020
I was disappointed after the DDoS attack incident. My account's profit went positive before it changed so suddenly that it triggered margin call. When I asked to clarify it the broker said that it could be compromised. I had sent my MetaTrader's log file and followed their instruction to wait for 3 days.
Every time I ask about my loss to this day they always ask for more time. If they can compensate for my loss I'll salute them. Otherwise, I'll spread this unfairness everywhere
Zahir SQWJul 20 2020
Traders with more than 3 years experience in this broker, please be careful especially if your account collects big profit regularly.
This broker will disconnect your account oftentimes!!!
The only solution is to have a backup for the internet connection. You need to quickly change your ISP when your account is forced to disconnect for more than 5 minutes.
I met a lot of problems like this. One example is when I got $20,xxx profit, and my account was disconnected for more than 3 hours. They sent an email to inform me that there had been a DDoS attack. I changed ISP quickly and the problem was immediately solved. At that time my profit has decreased to $3,xxx
I had tested my internet speed and there was no problem whatsoever.
I closed all my positions and withdrew all funds, never look back again.
This broker was long known to cheat traders with big profits. Some of my friends can attest to that.
Another side note:
Bonus promotion and spreads are deceiving. When the price is volatile the spreads could widen extremely.
ShaneJul 20 2020
I've been unable to connect to my real account for two days. So disappointing since Exness never gave me any trouble before. The live support ignored my complaints so I can't do anything....
Will DanielsJul 20 2020
In my opinion, Exness is quite attractive as the account types range from Cent to ECN. The leverage is also very accommodating to all types of traders.
Ronald SdJul 20 2020
This broker's not good for scalpers and news traders....
I keep getting requoted which resulted in my positions being executed in unfavorable prices....
If you like to trade the news don't choose this broker
Danny A PearsonJul 20 2020
This broker may fix some things, but what made me stop trading with them is the spread. Even the spreads in the ECN account is not favorable compared to other brokers' spreads. The service is not bad, the trading condition leaves a lot to be desired. If only Exness has zero fixed spread, I will reconsider my decision. But this broker is unfortunately not innovative enough.
Sandy MarteenJul 20 2020
I no longer trust this broker. I deposited a large sum of money but it's never credited to my account.
AstafxJul 20 2020
Never run into any problem during withdrawal, either for small or big fund, everything goes smoothly
Stephen FaradayJul 20 2020
I withdrew 5 times from Exness and all the proceedings went instantly without any trouble.
Opie BrothaJul 20 2020
From the time I learned to trade to the time I'm finally able to trade independently, withdraw my fund regularly, and gain profit consistently, I haven't met any problem. This is a recommendation from my mentor...
InesJul 20 2020
I enjoy trading in this broker. It's been 1 year
Arzd PlayrJul 20 2020
Exness is the only broker that I'm loyal to. I can use many platforms in this broker.
RomyJul 20 2020
I use two brokers and one of them is Exness. Both have pros and cons but overall, I have no doubt in their safety. I haven't managed to withdraw my fund but so far I'm quite satisfied.
Maya SantiniJul 20 2020
I didn't quite trust this broker initially, but I saw that they keep improving.
Eve PaigeJul 20 2020
This broker is not bad. I doubt it in the beginning, but the service is getting better. I've been trading in Exness for one year and feel the change. From the new regulation, support language, and the most important of all: the Analysis in my account. It's SUPERB!
I'm currently educating myself to trade with indicators. It will be better if Exness allows automatic trading.
ReynoJul 20 2020
After googling for some time I decided to pick this broker. I've been with Exness for 3 months, and so far so good. The registration process and other proceedings went smoothly. It hasn't been fully tested, but I hope everything goes well to the withdrawal process
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Dukascopy provides their pricing with Fixed while Exness offers Fixed.
Dukascopy vs Exness: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Dukascopy enables trading with MetaTrader 4, JForex. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Exness provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.
Is Dukascopy or Exness better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Dukascopy supports trading with Forex, CFD, Cryptocurrencies, Gold & silver, while Exness presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, Cryptocurrencies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:
For more comparisons, visit this page.