IG offers spread betting and CFD services with the same spreads. Being part of a large international group with more than 40 years of experience in the industry, IG is a reliable and well-regulated broker, offering competitive conditions for trading in wide range of financial instruments on several platforms.
FX spreads and slippage rates
For charting, Dukascopy added over 30 new indicators to the JForex3 desktop platform in , bringing the total available from last year to just over This is more than nearly all other brokers we have reviewed, with the exception being the indicators found on the thinkorswim platform by TD Ameritrade.
Another nice design feature is seen when hovering over an indicator, which will reveal a preview of how it looks on the chart. Whether using any of the 24 different drawing tools or adding and customizing indicators, I found charting to be a seamless and enjoyable experience. Yet another example of how the JForex3 platform shines can be seen each time an additional trend line is drawn.
Every new trend line added automatically has a new color applied to keep viewability crisp and clean. This is in comparison to most other platforms where the color must be changed manually afterwards. All in all, traders passionate about technical analysis will appreciate the rich user experience provided by JForex3.
Moving to the web-based version of JForex3, the platform is not as robust as the desktop version, although Dukascopy has made significant improvements since our review last year. In , the platform looks more modern and provides a more seamless experience. While I was pleased to see the web platform become more responsive as the broker shifted away from its outdated flash-based version, I did encounter some limitations as Java is required.
Lastly, Dukascopy also provides an app store with hundreds of apps that traders can use with the JForex3 platform suite. While most forex traders prefer MetaTrader 4 to a proprietary platform built in house, JForex3 stands on its own and competes with the best on the market.
SWFX Trader also has robust charting with several customizable parameters and alerts that can easily be added from the same screen. Charting operated seamlessly and was rich with options such as a list of 47 technical indicators — which is above the industry average for mobile trading. Additional strongpoints in the app include the level-two quotes and several related order types, including conditional and bid offer orders, which can be used when placing a trade.
In the research domain, the SWFX Trader mobile app has an impressive range of useful tools, including several different pre-defined screens and a clean, customizable view of marker movers, which can be refined across four time frames ranging from hourly to monthly.
There is also a pattern-recognition tool for trading ideas, organized neatly next to the other research categories.
Overall, Dukascopy Bank finished best in class in the mobile trading category for our review. Dukascopy does a good job of providing fx traders with plenty of resources for research, for example Dukascopy TV, alongside a diverse range of services within the SWFX online community.
That said, customer service is one area where the broker could improve to further boost its premium range of services. For trading tools, Dukascopy has done a phenomenal job with its JForex3 desktop platform in terms of charting, ease of use, and tools depth, making a whopping indicators available.
All variables considered, Dukascopy finished Best in Class Overall in our Review, earnings its place among the highest rated forex brokers in the industry. For our Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on variables. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level.
Over the past 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. The applicable commission rate you will pay at Dukascopy — whether your account is opened with Dukascopy Europe or Dukascopy Bank SA — is based on your net deposit, overall account equity, and trailing day volume traded, where the lowest rate is applied based on a tiered pricing ladder.
All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.
If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. Likes JForex desktop platform is highly dynamic and rich with features Extensive range of charting tools and automated trading capabilities Competitive pricing for active traders Impressive trading community resources and research.
Dukascopy Competitors Select one or more of these brokers to compare against Dukascopy. Best in Class 7 of 43 Overall. Compare Dukascopy Find out how Dukascopy stacks up against other brokers. Regulated in Major Hub. Regulated in Emerging Hub. Such pricing is really good, as we find most brokers offer spreads within the range of 1. In comparison, FxPro offers average spreads as low as 0.
For further information, you may also check out the real-time spreads of 15 major brokers here. The maximum leverage levels offered by IG are up 1: Yet, many FCA-regulated brokers provide higher leverage ratios: FxPro , for instance, offers leverage up to 1: We would like to remind traders that higher leverage involves higher risk, not only the probability of multiplied profits earned on a small deposit. It is a double-sided coin. This broker offers a selection of robust platforms: The web-based ProRealTime has customisable layout and is equipped with several charting packages, Over indicators covering everything from price to volatility, automated trade options and extensive historical data.
It provides greater liquidity on shares trading through access to primary exchanges, market makers, brokers and MTF dark pools. With L2 Dealer, traders can place basket trades using the Excel-compatible 'Watchlist Pro' function, autotrade by using algorithms they have created in Excel and to make well-informed decisions due to the market-linked news feeds and live charts.
In addition, traders who are used to the good old MetaTrader 4 , are able to use it with IG. Being part of a large international group with more than 40 years of experience in the industry, IG is a reliable and well-regulated broker, offering competitive conditions for trading in wide range of financial instruments on several platforms.
To sum things up, here are the advantages and drawbacks with regards to IG:. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information.
Pepperstone Financial Pty Ltd is a corporate authorised representative No. Demo Account Live Account. Leverage The maximum leverage levels offered by IG are up 1: To sum things up, here are the advantages and drawbacks with regards to IG: United Kingdom Regulated by: Latest forex brokers Prime X Club review - Is primexclub.
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