AvaTrade
Ducascopy Bank
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Ducascopy Bank was established in 1998 and is based in Switzerland. AvaTrade holds licences including Central Bank of Ireland, while Ducascopy Bank is regulated by Financial Industry Regulatory Authority (FINRA) among others. AvaTrade serves 200,000+ clients worldwide; Ducascopy Bank has 10,000+. The minimum deposit is $250 at AvaTrade and $5000 at Ducascopy Bank.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $250 | $5000 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) |
| Founded | 2006 | 1998 |
| Country | The British Virgin Islands | Switzerland |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Ducascopy Bank, directly affecting your bottom line as a trader. AvaTrade has a lower barrier to entry with a minimum deposit of $250 (vs $5000 at Ducascopy Bank). Ducascopy Bank charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $250 | $5000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Ducascopy Bank supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Ducascopy Bank compare. Ducascopy Bank runs regular live webinars; AvaTrade does not. Both provide video tutorials. Ducascopy Bank publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Ducascopy Bank maintains an archive of past webinars for on-demand viewing. Ducascopy Bank scores higher overall in education and research.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Ducascopy Bank supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Ducascopy Bank offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Ducascopy Bank supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Ducascopy Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |