Ducascopy Bank
OANDA
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Overview
Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while OANDA was established in 1996 and is based in United States, Canada. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while OANDA is regulated by Financial Conduct Authority (FCA) among others. Ducascopy Bank serves 10,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is $5000 at Ducascopy Bank and $1 at OANDA.
| Feature | Ducascopy Bank | OANDA |
|---|---|---|
| Min. Deposit | $5000 | $1 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 1998 | 1996 |
| Country | Switzerland | United States, Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ducascopy Bank and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $5000 at Ducascopy Bank). Ducascopy Bank charges withdrawal fees while OANDA does not, a notable advantage for frequent withdrawers. Overall, OANDA scores higher on fees in our assessment.
| Feature | Ducascopy Bank | OANDA |
|---|---|---|
| Min. Deposit | $5000 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Ducascopy Bank offers MT5, cTrader, while OANDA supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ducascopy Bank supports social and copy trading features, which OANDA does not offer. OANDA edges ahead on platform breadth and functionality in our scoring.
| Feature | Ducascopy Bank | OANDA |
|---|---|---|
| MT4 | No | Yes |
| 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 | MT4, OANDA Desktop, OANDA Web, OANDA Mobile |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ducascopy Bank and OANDA compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Ducascopy Bank | OANDA |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 OANDA supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ducascopy Bank | OANDA |
|---|---|---|
| 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 OANDA 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 | OANDA |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |