Dukascopy vs OlympTrade

Founded in 2004, Dukascopy Bank SA is a Swiss online bank and broker offering short-term trading on over 1,200 instruments, including binaries. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.

Dukascopy provides binary options for currency pairs, stocks, and indices, along with advanced trading tools and market insights. Users benefit from flexible contract sizes, and trading deposits with the EU entity are protected up to €20,000 under specific conditions. However, the $100 minimum investment is higher compared to other options.

CFD Trading
Dukascopy provides CFD trading with leverage up to 1:200. Available assets include currencies, equities, commodities, ETFs, and cryptocurrencies. Spreads start at 0.1 pips, and traders receive 24/7 support, which was effective in testing. The key advantage is the security offered by a multi-regulated broker and Swiss bank.

Forex Trading
Dukascopy provides over 60 currency pairs, including major, minor, and exotic options, with spreads starting at 0.1 pips. It offers access to MT4 and the JForex software, noted for its clean interface and customization features.

Crypto Trading
Dukascopy offers trading on popular cryptocurrencies like Bitcoin against the US Dollar, allowing long or short positions with up to 1:5 leverage. Unusually, Dukascopy clients are covered up to CHF 100,000 in case of brokerage insolvency.

Founded in 2014, Olymptrade has over 89 million traders. It operates in more than 130 countries and supports 13 languages. The platform is stable and offers appealing incentives for new traders. Olymp Trade provides fixed time trades (FTT) across various markets and is licensed offshore by the VFSC.

Olymp Trade provides fixed time trades (FTT) on various markets, including OTC currencies and composite indices. FTT commissions range from 5%-10%, and trades can be as short as 5 seconds. Payouts can reach up to 93% with a $2000 deposit for 'Expert' status.

CFD Trading
You can trade a limited selection of CFDs, including forex, indices, commodities, cryptos, and ETFs. Although prices are not the most competitive, the CFD platform is a good choice for beginners seeking simplicity, with a minimum start amount of $10.

Forex Trading
Olymp Trade provides about 30 currency pairs, which is the industry average. During tests, the spreads for EUR/USD were 1.1 pips, which is less competitive than leading brands like AvaTrade at 0.9 pips. However, experienced traders can access multipliers up to x500 on major pairs.

Crypto Trading
Olymp Trade provides major cryptocurrencies like Bitcoin and Ethereum. The Basic Altcoin Index is a valuable option, offering wider market exposure for those who prefer not to invest in a single cryptocurrency.