| Feature | XM Trading | Dukascopy |
|---|---|---|
| Founded | 2009 | 2004 |
| Founder | Constantinos Cleanthous | Andre and Veronika Duka |
| Headquarters | Limassol, Cyprus | Geneva, Switzerland |
| Regulation | ASIC, CySEC, FSC, DFSA, FSCA | FINMA, JFSA |
| Minimum Deposit | $5 | $100 |
| Maximum Leverage | 0.73611111111111 | 0.18055555555556 |
| Trading Instruments | 1000+ including Forex, Cryptocurrencies, Stock CFDs, Commodities, Indices, Metals, Energies | 1200+ including Forex, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, Bonds |
| Trading Platforms | MT4, MT5, XM Trading Apps | JForex, MT4, MT5 |
| Account Types | Micro, Standard, Ultra-Low, Shares | Live, Demo |
| Spreads | From 0.6 pips | From 0.1 pips |
| Commission | None on standard accounts | $3.5 per side per lot on Forex |
| Deposit Methods | Bank Wire, VISA, MasterCard, Neteller, Skrill | Bank Wire, VISA, MasterCard, Neteller, Skrill, Cryptocurrency |
| Withdrawal Methods | Bank Wire, VISA, MasterCard, Neteller, Skrill | Bank Wire, VISA, MasterCard, Neteller, Skrill, Cryptocurrency |
| Scalping | Allowed | Allowed |
| Hedging | Allowed | Allowed |
| Automated Trading | Allowed | Allowed |
| Social Trading | Available | Not Available |
| PAMM/MAM Accounts | Not Available | Available |
| Islamic Accounts | Available | Available |
| Customer Support | 24/5 via Phone, Email, Live Chat | 24/7 via Phone, Email, Live Chat |
| Educational Resources | Webinars, Tutorials, Market Analysis | Articles, Webinars, Video Tutorials |
| Research Tools | Autochartist, Trading Signals | Dukascopy TV, Market News, Economic Calendar |
| Mobile Trading | iOS, Android | iOS, Android |
| Demo Account Duration | Unlimited | 14 days (permanent with live account) |
| Inactivity Fee | After 90 days | After 180 days |
| US Clients | Not Accepted | Not Accepted |
| Order Execution Type | Market Execution | ECN Execution |
| Slippage Control | No slippage protection | Advanced slippage control available |
| Trading Restrictions | No major restrictions | FIFO rule applied in some cases |
| Stop Out Level | 20% | 100% |
| Margin Call Level | 50% | 200% |
| Spread Type | Variable spreads | Variable spreads |
| Negative Balance Protection | Yes | No |
| Trading Hours | 24-May | 24/7 (crypto), 24/5 (Forex & CFDs) |
| Lot Size | Minimum 0.01 lot | Minimum 0.01 lot |
| Slippage Policy | Can occur during high volatility | Less likely due to ECN model |
| Execution Speed | <1 second | Ultra-fast execution with ECN pricing |
| Deposit Processing Time | Instant for most methods | 1-2 business days (varies by method) |
| Withdrawal Processing Time | 24 hours | 1-2 business days |
| Affiliate & IB Program | Yes, with commissions | Yes, with commission & revenue sharing |
| Custom Indicators Allowed | Yes | Yes |
| VPS Hosting | Free for high-volume traders | Available, but at a cost |
| ECN/STP Model | STP (Straight Through Processing) | True ECN |
| Cryptocurrency Trading | Yes | Yes, with more pairs |
| Commodity Trading | Yes | Yes |
| Futures & Options Trading | No | Yes |
| CFD Expiry | No expiry for most CFDs | Some CFDs have expiry dates |
| Regulatory Compensation Scheme | Investor Compensation Fund (up to €20,000) | Swiss Bank Protection (up to CHF 100,000) |
| Interest on Unused Funds | No | Yes, on large deposits |
| API Trading | Limited | Available via JForex API |
| Copy Trading | Yes, through third-party providers | Not natively supported |
| Customizable Trading Strategies | Yes, via MT4/MT5 | Yes, via JForex |
| Trading Contests | Yes, frequent contests | Yes, for demo & live accounts |
| Proprietary Trading Platform | No, uses MT4/MT5 | Yes, JForex platform |
| Regulatory Deposit Protection | Yes, under CySEC & ASIC | Yes, under FINMA (Swiss protection) |
| HFT (High-Frequency Trading) Allowed | Yes | Yes |
| Latency Arbitrage Allowed | No | No |
| Slippage Tolerance Settings | No | Yes, customizable in JForex |
| Max Open Positions | Unlimited | Unlimited |
| Order Types | Market, Limit, Stop, Trailing Stop, OCO | Market, Limit, Stop, Stop-Loss, Take-Profit, Trailing Stop, OCO, Conditional Orders |
| Minimum Spread on EUR/USD | 0.6 pips | 0.1 pips |
| Swap-Free Trading | Available for Islamic Accounts | Available under specific conditions |
| Fixed Spreads | No | No |
| Guaranteed Stop-Loss | No | No |
| Market Depth Access | No | Yes, via JForex ECN |
| Swap Rates Transparency | Yes | Yes, highly detailed on JForex |
| Tick Data Availability | Limited | Full historical tick data provided |
| Weekend Trading | No (except Crypto) | Yes (only for Crypto) |
| Interest on Overnight Positions | Yes, swap rates apply | Yes, based on interbank market |
| Hedging Within the Same Account | Yes | Yes |
| Account Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, SGD, and more | USD, EUR, CHF, JPY, GBP, CAD, AUD, HKD, SGD, PLN, DKK, NOK, SEK, RUB, HUF, CZK, NZD, and more |
| Account Segregation | Yes, under regulatory compliance | Yes, Swiss banking standards |
| MetaTrader EAs Allowed | Yes | Yes, but primarily uses JForex |
| Custom Scripts/Indicators | Yes, via MQL4/MQL5 | Yes, via JForex API |
| Regulation of Parent Company | CySEC, ASIC, FSC, DFSA, FSCA | FINMA (Swiss Financial Market Supervisory Authority) |
| Deposit Insurance Protection | Yes, under Investor Compensation Scheme | Yes, under Swiss banking regulations |
| Multi-Currency Accounts | No | Yes |
| Trading from Charts | Yes, in MT4/MT5 | Yes, in JForex |
| Real-Time News Feed | Yes, via Trading Central | Yes, via Dukascopy TV & Reuters |
| Economic Calendar | Yes | Yes |
| Sentiment Analysis Tools | Yes | Yes |
| Market Correlation Tools | No | Yes |
| Risk Management Tools | Standard stop-loss & margin call | Advanced risk analysis tools in JForex |
| Mobile Charting Features | Limited in MT4/MT5 mobile app | Extensive in JForex mobile app |
| JForex Automated Strategies | No (uses MT4/MT5 EAs) | Yes, full support in JForex |
| Historical Data Access | Yes, but limited | Yes, full tick data available |
| Algo Trading Compatibility | Yes, via MT4/MT5 | Yes, via JForex API & external bridges |
| Custom Trading Bots | Yes, via MQL4/MQL5 | Yes, via JForex & Python API |
| Crypto Deposit & Withdrawal | No | Yes |
| Fiat Currency Exchange | No | Yes, at competitive rates |
| Segregated Trading Accounts for Institutions | No | Yes |
| Wealth Management Services | No | Yes |
| Personal Relationship Manager for VIP Clients | Yes, for high-net-worth traders | Yes, for large accounts |
| Regulatory Audits & Transparency | Regularly audited | Strictly audited under Swiss law |
XM Trading offers a user-friendly experience with high leverage, lower minimum deposits, and social trading, while Dukascopy provides ECN trading, deeper market access, and Swiss regulatory protection with advanced tools.