Saxo Bank vs Dukascopy: Which One is Better for You?


Saxo Bank vs Dukascopy, 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 Saxo Bank vs Dukascopy, here is the direct comparison:

Feature
Go to Saxo Bank

Go to Dukascopy

Rating

General Rating 3.86/5
4.62/5
Trustpilot 2.2/5

rated by 1 users
4.1/5

rated by 172 users

General Information

Office(s) China, Greece, India, Italy, Netherlands, Spain, United Arab Emirates and United Kingdom Hong Kong, Japan, Latvia, Malaysia, Russian Federation, Switzerland, Ukraine and United Arab Emirates
Regulation ASIC 109605610
Banque de France, 483632501
CySEC, 163/12
FCA (UK), FC026688
FSA (Denmark), 1149
SFC (Hong Kong), 1395901
DFSA (Dubai), F004307
FCMC (Latvia), May, 2011
FINMA, June 15, 2010
FSA (Japan) 2408
Established 1992 1998
Minimum Deposit $10000 $100
Maximum Leverage 1:200 1:200
Spread Fixed Fixed
Commissions $1
Minimum Position 0.05 lot 0.001 lot
Payment Credit/debit cards and Wire transfer Credit/debit cards and Wire transfer
Official Website Visit Saxo Bank Visit Dukascopy

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, Spanish Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish
Email Support
Call Support
Chat Support

Reviews

General Review Read Saxo Bank Review Read Dukascopy Review
User Reviews

Thomas

Sep 17 2020

Customer service simply does not exist. Forget them. They have a great affiliate marketing to convince people to join but that is all.


Terajuana

Sep 16 2020

started the online application process but midway through i checked this site for their reviews and seen how bad they are. I stopped the process but my details were saved on their system. They have tried to call me 3 times every day for the last 2 weeks and no signs of them stopping. Why do they need to do this and it is a major red flag. avoid


Faughan

Sep 15 2020

They seriously need to learn how to communicate to new clients. Impossible to open a Corporate Ltd account, sent all required info and they don’t bother to even confirm receipt or if in the process, I’ve been calling them for 9 days since submitting and they pass you around to someone else who says they are not dealing with it. I would hate to think how stressful it would be if I had to call them to try resolve a trading issue.


Kuangfui321

Sep 14 2020

After 2 years of being there as a trader and investor, I’m very satisfied with the platform. It’s intuitive, genuine and fast process of withdrawal. Look forward more improvement from Saxo!


Farhang

Sep 13 2020

Saxo says no withdrawal fee, but actually withdrawal has a fee under the name of intermediary charges, funny enough that there is no other bank involved in the withdrawal transaction.


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 Cavanaugh

Sep 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.


Blake

Sep 11 2020

Best broker with super convenient JForex platform.
It also have it's own regular banking services with prepaid cards, which makes possible to withdraw from trading account to VISA or MasterCard just in few seconds.


payton89

Sep 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 Warren

Sep 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


Dakota

Sep 10 2020

Your platform has friendly interface due to wich even person who never trade can understand all functions.
It is working quite good without errors and any other troubles.


Leonel

Sep 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.


Malcolm

Sep 10 2020

From the experience of many platforms and companies .. I recommend JForex platform, it easy and clear and obviates many tools.


Travis Bernabas

Sep 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 Jose

Sep 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 Gonzales

Sep 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.


Dante

Sep 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 Jr

Sep 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 Sinclair

Sep 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.


Kaleb

Sep 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 Colt

Sep 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!


darkfather845

Sep 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 Geiselmann

Sep 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. Charlie

Sep 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 B

Sep 10 2020

Dukascopy allowed to use algorithmic strategy. It is very clear, precise, and adaptable. This broker is very helpful, honest, and adaptable.


Start Trading

Open Real Account Open Saxo Bank Real Account Open Dukascopy Real Account




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, Saxo Bank provides their pricing with Fixed while Dukascopy offers Fixed.



Saxo Bank vs Dukascopy: 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, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Dukascopy provides trading with MetaTrader 4, JForex with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.



Is Saxo Bank or Dukascopy 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, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Cryptocurrencies, while Dukascopy presents the ability of trading with Forex, CFD, Cryptocurrencies, Gold & silver.

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.

Looking for more references? Here are other comparisons related to Saxo Bank and Dukascopy:

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