Ducascopy Bank
Uphold
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Overview
Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while Uphold was established in 2013 and is based in United States. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Ducascopy Bank serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $5000 at Ducascopy Bank and $1 at Uphold.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| Min. Deposit | $5000 | $1 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 1998 | 2013 |
| Country | Switzerland | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Ducascopy Bank and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $5000 at Ducascopy Bank). Ducascopy Bank charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. Overall, Uphold scores higher on fees in our assessment.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| 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 Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Ducascopy Bank supports social and copy trading features, which Uphold does not offer. Ducascopy Bank edges ahead on platform breadth and functionality in our scoring.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| 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 | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ducascopy Bank and Uphold compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Ducascopy Bank publishes daily market commentary; Uphold does not. Ducascopy Bank integrates third-party research tools (Trading Central); Uphold does not. Archived webinars are available at both brokers for self-paced learning. Ducascopy Bank scores higher overall in education and research.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | Yes |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Ducascopy Bank offers phone support; Uphold does not. Email support is available at both brokers. Ducascopy Bank supports 2 languages and Uphold supports 1, giving Ducascopy Bank broader global reach. Ducascopy Bank scores higher overall on customer support in our assessment.
| Feature | Ducascopy Bank | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |