Ducascopy Bank
Forex EE
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Overview
Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while Forex EE was established in 2008 and is based in Grenadines. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Ducascopy Bank serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $5000 at Ducascopy Bank and $100 at Forex EE.
| Feature | Ducascopy Bank | Forex EE |
|---|---|---|
| Min. Deposit | $5000 | $100 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) | Ministry of Economic Affairs in Estonia |
| Founded | 1998 | 2008 |
| Country | Switzerland | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ducascopy Bank and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $5000 at Ducascopy Bank). Both brokers charge withdrawal fees. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Ducascopy Bank | Forex EE |
|---|---|---|
| Min. Deposit | $5000 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Ducascopy Bank offers MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ducascopy Bank supports social and copy trading features, which Forex EE does not offer. The two brokers are closely matched on platform offering.
| Feature | Ducascopy Bank | Forex EE |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ducascopy Bank and Forex EE compare. Ducascopy Bank runs regular live webinars; Forex EE does not. Both provide video tutorials. Ducascopy Bank publishes daily market commentary; Forex EE 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 | Ducascopy Bank | Forex EE |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
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 Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ducascopy Bank | Forex EE |
|---|---|---|
| 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 Forex EE 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 | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |