Comparison of Dukascopy Europe and XM
| Feature | Dukascopy Europe | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2011 | 2009 |
| Broker Type | ECN | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | FCMC | BFSC, CySEC, ASIC, DFSA |
| Platforms | JForex, MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:30 | 1:1000 |
| Minimum Deposit | $100 | $5 |
| Base Currencies | USD, EUR, GBP, CHF, PLN | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire (SEPA/SWIFT), Credit/Debit Card | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | Up to €50 per 180 days of inactivity after the initial 180-day grace period | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | Varies by method; bank/third-party charges and currency conversion may apply | ✖ |
| Investor Protection | Latvian Investor Protection System | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Forex, Metals, Indices, Stocks (CFDs), ETFs, Bonds, Energies, Soft Commodities, Crypto CFDs | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Dukascopy Europe Review | XM Review |
About Dukascopy Europe
Dukascopy Europe is the EU subsidiary of the Swiss Dukascopy Group, offering ECN trading with transparent, volume-based commissions and ESMA-compliant safeguards. Clients trade on JForex 4 or MT4/MT5 with access to eight asset classes and 1,500+ instruments on the JForex stack, while EU retail leverage is capped at up to 1:30 with negative balance protection.
Pros
- EU-licensed, supervised by the Bank of Latvia
- True ECN model with tiered commissions
- JForex 4 with Java API
- 1,200+ instruments on JForex
Cons
- Retail leverage limited to 1:30 under ESMA rules
- Inactivity fee may apply after prolonged dormancy
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
Dukascopy Europe & XM Regulation
| Feature | Dukascopy Europe | XM |
|---|---|---|
Companies | Dukascopy Europe IBS AS | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Latvia | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | FCMC | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Latvian Investor Protection System | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Dukascopy Europe
Dukascopy Europe IBS AS
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
Dukascopy Europe
Latvia
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
Dukascopy Europe
FCMC
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
Dukascopy Europe
Latvian Investor Protection System
XM
Investor Compensation Fund (ICF)
Investor Protection Size
Dukascopy Europe
€20 000
XM
€20 000
Publicly Traded
Dukascopy Europe
XM
Segregated Accounts
Dukascopy Europe
XM
Guaranteed Stop Loss
Dukascopy Europe
XM
Negative Balance Protection
Dukascopy Europe
XM
Account Types
| Account | Dukascopy Europe | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
Dukascopy Europe
—
XM
Standard
Min Deposit
Dukascopy Europe
—
XM
$5
Lot Size
Dukascopy Europe
—
XM
0.01
Spread Type
Dukascopy Europe
—
XM
Floating
Execution
Dukascopy Europe
—
XM
Market
Min Spread
Dukascopy Europe
—
XM
1.6
Fee
Dukascopy Europe
—
XM
No
Max Leverage
Dukascopy Europe
—
XM
1:1000
Stop Out
Dukascopy Europe
—
XM
20%
Margin Call
Dukascopy Europe
—
XM
50%
ECN Account
Account Name
Dukascopy Europe
ECN
XM
—
Min Deposit
Dukascopy Europe
$100
XM
—
Lot Size
Dukascopy Europe
0.01
XM
—
Spread Type
Dukascopy Europe
Floating
XM
—
Execution
Dukascopy Europe
Market
XM
—
Min Spread
Dukascopy Europe
0.1
XM
—
Fee
Dukascopy Europe
$7 per 1 lot
XM
—
Max Leverage
Dukascopy Europe
1:30
XM
—
Stop Out
Dukascopy Europe
50%
XM
—
Margin Call
Dukascopy Europe
100%
XM
—
Cent Account
Account Name
Dukascopy Europe
—
XM
Micro
Min Deposit
Dukascopy Europe
—
XM
$5
Lot Size
Dukascopy Europe
—
XM
0.01
Spread Type
Dukascopy Europe
—
XM
Floating
Execution
Dukascopy Europe
—
XM
Market
Min Spread
Dukascopy Europe
—
XM
1.6
Fee
Dukascopy Europe
—
XM
No
Max Leverage
Dukascopy Europe
—
XM
1:1000
Stop Out
Dukascopy Europe
—
XM
20%
Margin Call
Dukascopy Europe
—
XM
50%
Additional Features
Demo Account
Dukascopy Europe
XM
VIP Account
Dukascopy Europe
XM
Swap-Free Account
Dukascopy Europe
XM
Copy Trading
Dukascopy Europe
XM
VPS
Dukascopy Europe
XM
PAMM/MAM Accounts
Dukascopy Europe
XM
Funding and Fees
| Feature | Dukascopy Europe | XM |
|---|---|---|
Base currencies | USD, EUR, GBP, CHF, PLN | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire (SEPA/SWIFT), Credit/Debit Card | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | Up to €50 per 180 days of inactivity after the initial 180-day grace period | $15 after 12 months |
Interest on margin | ||
Withdrawal fee | Varies by method; bank/third-party charges and currency conversion may apply |
Base currencies
Dukascopy Europe
USD, EUR, GBP, CHF, PLN
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
Dukascopy Europe
Bank Wire (SEPA/SWIFT), Credit/Debit Card
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
Dukascopy Europe
Up to €50 per 180 days of inactivity after the initial 180-day grace period
XM
$15 after 12 months
Interest on margin
Dukascopy Europe
XM
Withdrawal fee
Dukascopy Europe
Varies by method; bank/third-party charges and currency conversion may apply
XM
Trading Platforms and Conditions
| Feature | Dukascopy Europe | XM |
|---|---|---|
Trading Platforms | JForex, MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
Dukascopy Europe
JForex, MetaTrader 4 (MT4)
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
Dukascopy Europe
-
XM
0 ms
Scalping
Dukascopy Europe
XM
Expert Advisors (EAs)
Dukascopy Europe
XM
Depth of Market (DOM)
Dukascopy Europe
XM
Spread
Dukascopy Europe
low
XM
low
Trading Assets
| Asset | Dukascopy Europe | XM |
|---|---|---|
Currencies | 59 | 55 |
Indices | 21 | 50 |
Stocks | 1081 | 1307 |
Cryptocurrencies | 18 | 58 |
Bonds | 3 | 0 |
Metals | 5 | 3 |
Energies | 4 | 3 |
Soft Commodities | 6 | 8 |
ETFs | 51 | 0 |
Currencies
Dukascopy Europe
59
XM
55
Indices
Dukascopy Europe
21
XM
50
Stocks
Dukascopy Europe
1081
XM
1307
Cryptocurrencies
Dukascopy Europe
18
XM
58
Bonds
Dukascopy Europe
3
XM
0
Metals
Dukascopy Europe
5
XM
3
Energies
Dukascopy Europe
4
XM
3
Soft Commodities
Dukascopy Europe
6
XM
8
ETFs
Dukascopy Europe
51
XM
0
Education and Analytics
| Feature | Dukascopy Europe | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Dukascopy Europe
XM
Indicators
Dukascopy Europe
XM
Robots
Dukascopy Europe
XM
Signals
Dukascopy Europe
XM
Autochartist
Dukascopy Europe
XM
Expert Analytics
Dukascopy Europe
XM
News Feed
Dukascopy Europe
XM
Education Articles
Dukascopy Europe
XM
Webinars
Dukascopy Europe
XM
Seminars
Dukascopy Europe
XM
Bonuses
| Bonus | Dukascopy Europe | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
Welcome Bonus
Is available
Dukascopy Europe
XM
Size
Dukascopy Europe
—
XM
100%, up to $5000
Details
Dukascopy Europe
—
Contests
| Feature | Dukascopy Europe | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Live Contests
Is available
Dukascopy Europe
XM
Contests List
Dukascopy Europe
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | Dukascopy Europe | XM |
|---|---|---|
Email | support@dukascopy.eu | support@xm.com |
Phone | +371 67 399 000 | +5012236696 |
Facebook | — | |
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter | — | |
TikTok | — | TikTok |
Email
Dukascopy Europe
Phone
Dukascopy Europe
Facebook
Dukascopy Europe
—
XM
LinkedIn
Dukascopy Europe
—
XM
Instagram
Dukascopy Europe
—
Twitter
Dukascopy Europe
—
XM
TikTok
Dukascopy Europe
—
XM
Which Broker is Better?
After comparing Dukascopy Europe and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.