Dukascopy Bank SA Overview
| Website | dukascopy.com |
| Year Founded | 2010 |
| Countries of Registration | Switzerland |
| Website Languages | English, German, Spanish, Italian, Arabic, Chinese, French, Russian, Polish, Portuguese, Czech, Slovak, Japanese |
| Regulators | FINMA |
| Broker Type | ECN |
| Dealing | A-book |
| Minimum Deposit | $1000 |
| Account Currencies | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU |
| Spread | low |
| Trading Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader |
| Trading Assets | Forex, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies |
Brief look at Dukascopy Bank SA
Dukascopy is a Geneva-based Swiss bank and multi-asset broker founded in 2004. Operating the SWFX ECN marketplace, it delivers deep liquidity, spreads from 0.1 pips and leverage up to 1:200 across 1,000+ instruments. Regulated by FINMA in Switzerland, the broker secures client funds in segregated accounts and extends negative-balance protection. Traders can access JForex 4, MT4/5 and web/mobile platforms, plus PAMM copy-trading, VPS hosting and swap-free Islamic accounts.
Pros
- Swiss banking licence and FINMA oversight
- Ultra-tight ECN spreads from 0.1 pips with transparent commissions
- 1,000+ CFDs plus FX, crypto and binary options
- JForex 4 platform with advanced algo trading and integrated VPS
- Swap-free accounts, PAMM and monthly trading contests
Cons
- High minimum deposit
- No FCA/CySEC compensation scheme for EU/UK residents
- Inactivity fee and platform complexity may deter beginners
Is Dukascopy Bank SA available in my country?
We just checked and
Dukascopy Bank SA doesn't accept clients from United States!
Your capital is at risk
Dukascopy Bank SA Reviews
I've been using Dukascopy for my forex trading for over six months now, and I couldn't be happier. The demo account feature allowed me to test my strategies without risking real money. The login process is smooth, and I found the minimum deposit reasonable for the account types offered. Highly recommend this broker!
9/15/2023Dukascopy is a solid broker with a user-friendly app for trading on the go. The spreads are competitive, and I appreciate the leverage options they provide. I did experience a slightly longer withdrawal time than expected, but overall, I'm satisfied with my trading experience.
10/2/2023While Dukascopy has great account types and offers both MT4 and MT5 platforms, I found the sign-up process to be a bit cumbersome. The bonus offers are nice, but I think they could improve their customer service response times. Still, the trading conditions are quite decent.
8/20/2023I have been enjoying my time trading with Dukascopy. The rebate program is a nice touch, and I love the ability to download their trading app. The spreads are quite low, which has positively impacted my trading profits. A good broker overall for serious traders.
9/30/2023Dukascopy's platform is fantastic! I really appreciate the flexibility with account types and the availability of a demo account to practice trading. The withdrawal time is generally quick, and I love the educational resources they offer. This broker is definitely worth trying.
10/5/2023Leave a Review
Is Dukascopy Bank SA regulated?
| Companies | Dukascopy Bank SA |
| Countries | Switzerland |
| Regulators | FINMA |
| Investor Protection | Deposit insurance |
| Investor Protection Size | CHF 100,000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Dukascopy Bank SA Account Types
| Property | ECN |
|---|---|
| Min Deposit | $1000 |
| Lot Size | 0.01 |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.1 pips |
| Fee | $7 per 1 lot |
| Max Leverage | 1:200 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Binary Options
| Account | Binary |
|---|---|
| Minimum Deposit | $1000 |
| Option Types | Up/Down, Touch |
| Minimum Stake | $1 |
| Payout | from 70% to 90% |
| Expiration Time | from 5 minutes to 24 hours |
Dukascopy Bank SA Funding and Fees
| Base currencies | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU |
| Deposit and withdrawal methods | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) |
| Inactivity fee | CHF 500 after 12 months of inactivity |
| Interest on margin | |
| Withdrawal Fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) |
Dukascopy Bank SA Trading Platforms and Conditions
| Trading Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Dukascopy Bank SA Trading Assets
| Currencies | 60 |
| Indices | 20 |
| Stocks | 1081 |
| Cryptocurrencies | 18 |
| Bonds | 3 |
| Metals | 5 |
| Energies | 4 |
| Soft Commodities | 6 |
| ETFs | 51 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Strategy Contest | $100000 | $5000 | Monthly | Learn More |
Live Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Live Trader Contest | $1-$10000 | $1500 | Weekly | Learn More |
Dukascopy Bank SA Support
| support@dukascopy.com | |
| Phone | +41227994848 |
| YouTube | YouTube |
Dukascopy Bank SA Alternatives
| Broker | Dukascopy Bank SA | Saxo | Swissquote | Interactive Brokers |
|---|---|---|---|---|
| Type | ECN | DMA | STP | DMA |
| Minimum Deposit | $1000 | $1 | $1000 | $1 |
| Regulators | FINMA | Danish FSA, FCA, MAS, FINMA | FINMA, CSSF, FCA, DFSA, SFC, MAS | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS |
| Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader | SaxoTraderGO, SaxoTraderPRO, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), CFXD, TradingView | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader |
| Spread | low | average | high | low |
| Leverage | 1:200 | 1:30 | 1:400 | 1:50 |
| Assets | Forex, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities, Bonds | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs |
Is Dukascopy Bank SA Right for You?
Dukascopy Bank SA stands out with its Swiss banking license and regulation by FINMA, ensuring a high level of security for client funds. The broker offers ultra-tight ECN spreads starting from 0.1 pips and provides access to a vast selection of over 1,000 instruments, including Forex, cryptocurrencies, and commodities. Additionally, traders benefit from advanced trading platforms like JForex 4 and various features like PAMM accounts and swap-free options, making it a compelling choice for experienced traders. However, potential clients should be aware of some drawbacks. Dukascopy imposes a high minimum deposit requirement, which may be a barrier for novice traders. Moreover, the inactivity fee after 12 months and the absence of FCA/CySEC compensation schemes for EU/UK residents could deter some users, particularly those who may not trade regularly or are seeking regulatory safety. In summary, Dukascopy Bank SA is highly recommended for experienced traders looking for advanced features and a secure trading environment. Conversely, beginners or those with limited capital may find the broker's complexity and costs less appealing, and they might be better served by a more beginner-friendly platform.
FAQ
Is Dukascopy Bank SA safe?
How does Dukascopy Bank SA make money?
What is the minimum deposit for Dukascopy Bank SA?
How do I deposit funds in a Dukascopy Bank SA account?
How do I withdraw money from Dukascopy Bank SA?
How much is the maximum leverage at Dukascopy Bank SA?
What trading platforms does Dukascopy Bank SA offer?
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.
