B

Ducascopy Bank

4.7/10

eOption

4.7/10
3/10RegulationTied3/10
0/10FeesTied0/10
7/10PlatformsWinner9/10
6/10WinnerEducation & Research4/10
4/10Deposits & WithdrawalsTied4/10
10/10SupportTied10/10

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Overview

Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while eOption was established in 2008 and is based in USA. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while eOption is regulated by Unregulated among others. Ducascopy Bank serves 10,000+ clients worldwide; eOption has 10,000+. The minimum deposit is $5000 at Ducascopy Bank and $500 at eOption.

Tied
FeatureDucascopy BankeOption
Min. Deposit$5000$500
RegulationFinancial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)Unregulated
Founded19982008
CountrySwitzerlandUSA
Clients10,000+10,000+

Fees

Fees are a critical factor when choosing between Ducascopy Bank and eOption, directly affecting your bottom line as a trader. eOption has a lower barrier to entry with a minimum deposit of $500 (vs $5000 at Ducascopy Bank). Both brokers charge withdrawal fees. eOption charges deposit fees; Ducascopy Bank does not. The two brokers are broadly comparable on fee structure.

Tied
FeatureDucascopy BankeOption
Min. Deposit$5000$500
Withdrawal FeesYesYes
Inactivity FeesNoNo
Deposit FeesNoYes
CFD FeesNoNo

Platforms

Ducascopy Bank offers MT5, cTrader, while eOption supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ducascopy Bank supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.

eOption wins this category
FeatureDucascopy BankeOption
MT4NoYes
MT5YesYes
cTraderYesYes
Windows AppYesYes
iOS AppYesYes
Android AppYesYes
Trading PlatformsJForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile appsDealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)

Education & Research

Education and research tools help traders at every level make more informed decisions, and here's how Ducascopy Bank and eOption compare. Ducascopy Bank runs regular live webinars; eOption does not. Both provide video tutorials. Ducascopy Bank publishes daily market commentary; eOption 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.

Ducascopy Bank wins this category
FeatureDucascopy BankeOption
Forex EducationNoYes
CFD EducationYesNo
Weekly WebinarsYesNo
Daily CommentaryYesNo
Trading CentralYesNo
AutochartistNoYes

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 eOption supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.

Tied
FeatureDucascopy BankeOption
Bank TransferYesYes
Credit CardYesYes
PayPalNoNo
SkrillNoNo
NetellerNoNo

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 eOption 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.

Tied
FeatureDucascopy BankeOption
Live ChatYesYes
Phone SupportYesYes
Email SupportYesYes
LanguagesEnglish, and ChineseEnglish, and Chinese