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Dukascopy

Trust score
8/10
Legal simplicity
4/10
Min. deposit
100
Trading platforms
Regulations
Payment systems
Broker guides

Features

  • Seminars and trading education
  • Daily market analysis
  • Low $100 minimum deposit
  • PAMM accounts
  • Copy trading
  • Trust management accounts
  • Islamic (swap-free) accounts
  • ECN accounts
  • Scalping allowed
  • Affiliate program
  • Wide range of trading instruments

Pros

  • One of the most reliable banking brokers
  • Transactions are executed very quickly

Cons

  • Registration and verification with the broker are difficult

Updated:

Dukascopy Bank SA is a Swiss online bank and broker based in Geneva, founded in 2004. It is regulated by FINMA in Switzerland, the Japan FSA, and Latvia's Financial and Capital Market Commission (FKTK). Trading runs on the broker's own JForex platform or MetaTrader 4, covering forex, CFDs, binary options, stocks, ETFs, commodities, bonds, indices, and cryptocurrencies.

Swiss FINMA-regulated bank-broker offering JForex and MT4 trading, PAMM and copy-trading services, and 500+ instruments from a $100 minimum deposit.

Overview

Dukascopy Bank SA is a Swiss online bank and Forex/CFD broker based in Geneva, founded in 2004. It is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the Japan Financial Services Agency (FSA), and Latvia's Financial and Capital Market Commission (FKTK).

Trading platforms

JForex

JForex is Dukascopy's own platform, accessible through browsers such as Chrome, Safari, and Opera with no download required. It supports manual and chart-based trading, over 68 indicators and chart studies, automated trading via a Strategy Server, and a multi-language interface.

MetaTrader 4

Dukascopy also offers MetaTrader 4 (MT4). MetaTrader 5 (MT5) is not supported.

Mobile trading

iOS and Android apps include integrated market signals, customizable alerts, chart trading, and 46 technical indicators.

Trading instruments and conditions

Dukascopy lists over 500 tradable instruments: forex, CFDs, binary options, stocks, ETFs, commodities, bonds, indices, and cryptocurrencies. Average spreads on popular currency pairs run around 0.3-0.4 pips with a default commission of 0.7 pips; both spreads and commissions are tiered, improving with higher trading volume.

Leverage

Standard leverage for retail accounts goes up to 1:100, with the option to extend it to 1:200.

Cryptocurrencies and other features

Dukascopy has received industry awards, including Best Forex Trading Apps and Binary Options Broker of the Year. Its cryptocurrency offering covers CFDs on Bitcoin, Ether, and Litecoin.

Education and customer support

The broker provides seminars, webinars, daily market analysis, and educational materials for traders at all experience levels, backed by responsive multi-channel customer support.

Fees and fund security

Trading costs consist of spreads and commissions, alongside charges such as inactivity fees. Client deposits are insured up to EUR 100,000.

Verdict

Dukascopy is a well-regulated Swiss broker with a broad range of instruments and platforms, backed by strong regulatory oversight from FINMA, the Japan FSA, and Latvia's FKTK.

Dukascopy logo

Dukascopy

8.0 / 10

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Frequently Asked Questions about Dukascopy

  • What is Dukascopy?

    Dukascopy Bank SA is a Swiss online bank and broker based in Geneva, founded in 2004. It combines banking with online and mobile trading services and is regulated by FINMA.

  • What financial instruments are available for trading at Dukascopy?

    Dukascopy offers over 500 instruments: forex pairs, CFDs on indices, commodities, precious metals, stocks, ETFs, bonds, and cryptocurrencies, plus binary options.

  • What are the commissions and fees at Dukascopy?

    Fees vary by account type and trading volume. Forex trading carries a volume-based commission that decreases as volume rises, and the broker also charges overnight and inactivity fees.

  • What is the minimum deposit at Dukascopy?

    The minimum deposit for a standard account is $100. Requirements are higher for advanced or institutional account types.

  • What leverage is available at Dukascopy?

    Standard leverage for retail accounts goes up to 1:100, extendable to 1:200 depending on the instrument, account, and applicable regulatory limits.

  • How do you open an account with Dukascopy?

    Fill out the online application with personal and financial details, submit ID and proof-of-residence documents for verification and compliance checks, then fund the account once approved.

  • Is Dukascopy regulated?

    Yes. Dukascopy is licensed by Switzerland's FINMA and also regulated by the Japan FSA and Latvia's Financial and Capital Market Commission (FKTK).

  • Can you trade cryptocurrencies with Dukascopy?

    Yes, Dukascopy offers CFDs on cryptocurrencies including Bitcoin and Ethereum, among other coins.

  • What platforms does Dukascopy offer for trading?

    Dukascopy offers its own JForex platform, MetaTrader 4, and mobile apps for iOS and Android. MetaTrader 5 is not supported.

  • Does Dukascopy offer educational resources for traders?

    Yes, Dukascopy provides webinars, seminars, daily market analysis, and educational articles for traders from beginner to advanced levels.

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