Ducascopy Bank
EagleFX
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Overview
Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while EagleFX was established in 2019 and is based in Dominica. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while EagleFX is regulated by Unregulated among others. Ducascopy Bank serves 10,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $5000 at Ducascopy Bank and $10 at EagleFX.
| Feature | Ducascopy Bank | EagleFX |
|---|---|---|
| Min. Deposit | $5000 | $10 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) | Unregulated |
| Founded | 1998 | 2019 |
| Country | Switzerland | Dominica |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Ducascopy Bank and EagleFX, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $5000 at Ducascopy Bank). Both brokers charge withdrawal fees. EagleFX applies inactivity fees on dormant accounts; Ducascopy Bank does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | Ducascopy Bank | EagleFX |
|---|---|---|
| Min. Deposit | $5000 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Ducascopy Bank offers MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. Ducascopy Bank offers a mobile trading app; mobile availability for EagleFX is limited. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Ducascopy Bank | EagleFX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ducascopy Bank and EagleFX compare. Ducascopy Bank runs regular live webinars; EagleFX does not. Ducascopy Bank has a video library; EagleFX does not. Ducascopy Bank publishes daily market commentary; EagleFX does not. Ducascopy Bank integrates third-party research tools (Trading Central); EagleFX does not. Ducascopy Bank maintains an archive of past webinars for on-demand viewing. Ducascopy Bank scores higher overall in education and research.
| Feature | Ducascopy Bank | EagleFX |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ducascopy Bank accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while EagleFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ducascopy Bank | EagleFX |
|---|---|---|
| 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 Ducascopy Bank and EagleFX 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 | Ducascopy Bank | EagleFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |