Comparison of Alpari and Dukascopy Bank SA
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
| Broker | ||
| Year Founded | 1998 | 2010 |
| Broker Type | ECN, MM | ECN |
| Dealing | A-book, B-book | A-book |
| Execution | Market | Market |
| Regulation | MISA, NBRB | FINMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:3000 | 1:200 |
| Minimum Deposit | $50 | $1000 |
| Base Currencies | USD, EUR | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU |
| Funding Methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) |
| Inactivity Fee | $5 per month after 6 months | CHF 500 after 12 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) |
| Investor Protection | Financialcommission.org | Deposit insurance |
| Protection Size | €20 000 | CHF 100,000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✔ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Forex, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies |
| Review | Alpari Review | Dukascopy Bank SA Review |
About Alpari
Alpari is one of the most established names in the Forex trading world, with a history dating back to 1998. The broker has built a solid reputation, particularly among traders in emerging markets, for offering a broad range of financial instruments and account types that cater to both beginners and experienced traders. Alpari provides access to Forex, commodities, indices, and cryptocurrencies, with platform options including MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms globally. The broker also offers social trading features, allowing clients to copy the strategies of more experienced traders. With a long track record and diverse offerings, Alpari aims to deliver flexibility and convenience. Additionally, Alpari offers multiple deposit and withdrawal methods, which is a major advantage for traders worldwide. However, it is important to note that while Alpari has a strong presence in many regions, it is not regulated by top-tier authorities, which may be a concern for some traders. Despite this, Alpari maintains a significant customer base and continues to attract clients with its competitive spreads and educational resources.
Pros
- Established broker with over two decades of experience in the industry
- Provides MetaTrader 4 and MetaTrader 5 platforms
- Offers a PAMM feature for those interested in investing
- Comprehensive research and educational resources
- Competitive spreads and flexible leverage options
- Multiple payment methods for deposits and withdrawals
Cons
- Lack of regulation from top-tier financial authorities
- Customer support quality may vary depending on the region
- No proprietary trading platform available
About Dukascopy Bank SA
Dukascopy is a Geneva-based Swiss bank and multi-asset broker founded in 2004. Operating the SWFX ECN marketplace, it delivers deep liquidity, spreads from 0.1 pips and leverage up to 1:200 across 1,000+ instruments. Regulated by FINMA in Switzerland, the broker secures client funds in segregated accounts and extends negative-balance protection. Traders can access JForex 4, MT4/5 and web/mobile platforms, plus PAMM copy-trading, VPS hosting and swap-free Islamic accounts.
Pros
- Swiss banking licence and FINMA oversight
- Ultra-tight ECN spreads from 0.1 pips with transparent commissions
- 1,000+ CFDs plus FX, crypto and binary options
- JForex 4 platform with advanced algo trading and integrated VPS
- Swap-free accounts, PAMM and monthly trading contests
Cons
- High minimum deposit
- No FCA/CySEC compensation scheme for EU/UK residents
- Inactivity fee and platform complexity may deter beginners
Alpari & Dukascopy Bank SA Regulation
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
Companies | Alpari (Comoros) Ltd, Alpari Eurasia LLC | Dukascopy Bank SA |
Countries | Comoros, Belarus | Switzerland |
Regulators | MISA, NBRB | FINMA |
Investor Protection | Financialcommission.org | Deposit insurance |
Investor Protection Size | €20 000 | CHF 100,000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Alpari
Alpari (Comoros) Ltd, Alpari Eurasia LLC
Dukascopy Bank SA
Dukascopy Bank SA
Countries
Alpari
Comoros, Belarus
Dukascopy Bank SA
Switzerland
Regulators
Alpari
MISA, NBRB
Dukascopy Bank SA
FINMA
Investor Protection
Alpari
Financialcommission.org
Dukascopy Bank SA
Deposit insurance
Investor Protection Size
Alpari
€20 000
Dukascopy Bank SA
CHF 100,000
Publicly Traded
Alpari
Dukascopy Bank SA
Segregated Accounts
Alpari
Dukascopy Bank SA
Guaranteed Stop Loss
Alpari
Dukascopy Bank SA
Negative Balance Protection
Alpari
Dukascopy Bank SA
Account Types
| Account | Alpari | Dukascopy Bank SA |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $50 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.3 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 20% | — |
| Margin Call | 50% | — |
ECN Account | ||
| Account Name | ECN | ECN |
| Min Deposit | $300 | $1000 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 0.1 |
| Fee | $5 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:3000 | 1:200 |
| Stop Out | 50% | 50% |
| Margin Call | 80% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Fix-Contracts | Binary |
| Minimum Deposit | $50 | $1000 |
| Option Types | Call/Put, Touch, Range, Spread, Turbo, Express | Up/Down, Touch |
| Minimum Stake | $1 | $1 |
| Payout | from 40% to 95% | from 70% to 90% |
| Expiration Time | from 5 seconds to 1 day | from 5 minutes to 24 hours |
Market Maker Account
Account Name
Alpari
Standard
Dukascopy Bank SA
—
Min Deposit
Alpari
$50
Dukascopy Bank SA
—
Lot Size
Alpari
0.01
Dukascopy Bank SA
—
Spread Type
Alpari
Floating
Dukascopy Bank SA
—
Execution
Alpari
Market
Dukascopy Bank SA
—
Min Spread
Alpari
0.3
Dukascopy Bank SA
—
Fee
Alpari
No
Dukascopy Bank SA
—
Max Leverage
Alpari
1:1000
Dukascopy Bank SA
—
Stop Out
Alpari
20%
Dukascopy Bank SA
—
Margin Call
Alpari
50%
Dukascopy Bank SA
—
ECN Account
Account Name
Alpari
ECN
Dukascopy Bank SA
ECN
Min Deposit
Alpari
$300
Dukascopy Bank SA
$1000
Lot Size
Alpari
0.01
Dukascopy Bank SA
0.01
Spread Type
Alpari
Floating
Dukascopy Bank SA
Floating
Execution
Alpari
Market
Dukascopy Bank SA
Market
Min Spread
Alpari
0.1
Dukascopy Bank SA
0.1
Fee
Alpari
$5 per 1 lot
Dukascopy Bank SA
$7 per 1 lot
Max Leverage
Alpari
1:3000
Dukascopy Bank SA
1:200
Stop Out
Alpari
50%
Dukascopy Bank SA
50%
Margin Call
Alpari
80%
Dukascopy Bank SA
100%
Additional Features
Demo Account
Alpari
Dukascopy Bank SA
VIP Account
Alpari
Dukascopy Bank SA
Swap-Free Account
Alpari
Dukascopy Bank SA
Copy Trading
Alpari
Dukascopy Bank SA
VPS
Alpari
Dukascopy Bank SA
PAMM/MAM Accounts
Alpari
Dukascopy Bank SA
Binary Options
Account
Alpari
Fix-Contracts
Dukascopy Bank SA
Binary
Minimum Deposit
Alpari
$50
Dukascopy Bank SA
$1000
Option Types
Alpari
Call/Put, Touch, Range, Spread, Turbo, Express
Dukascopy Bank SA
Up/Down, Touch
Minimum Stake
Alpari
$1
Dukascopy Bank SA
$1
Payout
Alpari
from 40% to 95%
Dukascopy Bank SA
from 70% to 90%
Expiration Time
Alpari
from 5 seconds to 1 day
Dukascopy Bank SA
from 5 minutes to 24 hours
Funding and Fees
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) |
Inactivity fee | $5 per month after 6 months | CHF 500 after 12 months of inactivity |
Interest on margin | ||
Withdrawal fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) |
Base currencies
Alpari
USD, EUR
Dukascopy Bank SA
USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU
Deposit and withdrawal methods
Alpari
Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC)
Dukascopy Bank SA
Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT)
Inactivity fee
Alpari
$5 per month after 6 months
Dukascopy Bank SA
CHF 500 after 12 months of inactivity
Interest on margin
Alpari
Dukascopy Bank SA
Withdrawal fee
Alpari
Dukascopy Bank SA
Variable (e.g. $20 via bank wire or 2.5% via card/ewallet)
Trading Platforms and Conditions
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader |
Execution Speed | 0.1 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Platforms
Alpari
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Dukascopy Bank SA
JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader
Execution Speed
Alpari
0.1 ms
Dukascopy Bank SA
10 ms
Scalping
Alpari
Dukascopy Bank SA
Expert Advisors (EAs)
Alpari
Dukascopy Bank SA
Depth of Market (DOM)
Alpari
Dukascopy Bank SA
Spread
Alpari
average
Dukascopy Bank SA
low
Trading Assets
| Asset | Alpari | Dukascopy Bank SA |
|---|---|---|
Currencies | 46 | 60 |
Indices | 12 | 20 |
Stocks | 631 | 1081 |
Cryptocurrencies | 9 | 18 |
Bonds | 0 | 3 |
Metals | 2 | 5 |
Energies | 3 | 4 |
Soft Commodities | 0 | 6 |
ETFs | 0 | 51 |
Currencies
Alpari
46
Dukascopy Bank SA
60
Indices
Alpari
12
Dukascopy Bank SA
20
Stocks
Alpari
631
Dukascopy Bank SA
1081
Cryptocurrencies
Alpari
9
Dukascopy Bank SA
18
Bonds
Alpari
0
Dukascopy Bank SA
3
Metals
Alpari
2
Dukascopy Bank SA
5
Energies
Alpari
3
Dukascopy Bank SA
4
Soft Commodities
Alpari
0
Dukascopy Bank SA
6
ETFs
Alpari
0
Dukascopy Bank SA
51
Education and Analytics
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Alpari
Dukascopy Bank SA
Indicators
Alpari
Dukascopy Bank SA
Robots
Alpari
Dukascopy Bank SA
Signals
Alpari
Dukascopy Bank SA
Autochartist
Alpari
Dukascopy Bank SA
Expert Analytics
Alpari
Dukascopy Bank SA
News Feed
Alpari
Dukascopy Bank SA
Education Articles
Alpari
Dukascopy Bank SA
Webinars
Alpari
Dukascopy Bank SA
Seminars
Alpari
Dukascopy Bank SA
Contests
| Feature | Alpari | Dukascopy Bank SA |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Demo Contests
Is available
Alpari
Dukascopy Bank SA
Contests List
Alpari
—
Dukascopy Bank SA
- Strategy ContestStart Balance: $100000 · Prize Pool: $5000 · Period: MonthlyLearn More
Live Contests
Is available
Alpari
Dukascopy Bank SA
Contests List
Alpari
—
Dukascopy Bank SA
- Live Trader ContestStart Balance: $1-$10000 · Prize Pool: $1500 · Period: WeeklyLearn More
Customer Support
| Contact | Alpari | Dukascopy Bank SA |
|---|---|---|
Email | support@alpari.im | support@dukascopy.com |
Phone | +44 2045 771951 | +41227994848 |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter | — |
Email
Alpari
Dukascopy Bank SA
Phone
Alpari
Dukascopy Bank SA
LinkedIn
Alpari
—
Dukascopy Bank SA
Instagram
Alpari
Dukascopy Bank SA
—
Twitter
Alpari
—
Dukascopy Bank SA
Which Broker is Better?
After comparing Alpari and Dukascopy Bank SA, Dukascopy Bank SA comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.