Blitzbrokers
Ducascopy Bank
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Ducascopy Bank was established in 1998 and is based in Switzerland. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Ducascopy Bank is regulated by Financial Industry Regulatory Authority (FINRA) among others. Blitzbrokers serves 10,000+ clients worldwide; Ducascopy Bank has 10,000+. The minimum deposit is $1 at Blitzbrokers and $5000 at Ducascopy Bank.
| Feature | Blitzbrokers | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $1 | $5000 |
| Regulation | Securities and Futures Commission (SFC) | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) |
| Founded | 1982 | 1998 |
| Country | Hong Kong | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Ducascopy Bank, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $5000 at Ducascopy Bank). Ducascopy Bank charges withdrawal fees while Blitzbrokers does not, giving Blitzbrokers an edge for frequent withdrawers. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | Ducascopy Bank |
|---|---|---|
| Min. Deposit | $1 | $5000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers 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. The two brokers are closely matched on platform offering.
| Feature | Blitzbrokers | Ducascopy Bank |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | 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 Blitzbrokers and Ducascopy Bank compare. Ducascopy Bank runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. Ducascopy Bank publishes daily market commentary; Blitzbrokers 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 | Blitzbrokers | 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. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Ducascopy Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Blitzbrokers | Ducascopy Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Blitzbrokers and Ducascopy Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | Ducascopy Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |