Comparison of Dukascopy Bank SA and Swissquote
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 1996 |
| Broker Type | ECN | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | FINMA | FINMA, CSSF, FCA, DFSA, SFC, MAS |
| Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), CFXD, TradingView |
| Spread | ⬊ Low | ⬈ High |
| Maximum Leverage | 1:200 | 1:400 |
| Minimum Deposit | $1000 | $1000 |
| 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 | USD, EUR, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
| Funding Methods | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) | Bank transfer (SWIFT/SEPA), Visa, Mastercard |
| Inactivity Fee | CHF 500 after 12 months of inactivity | $10 per month after 6 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) | $10 for standard bank withdrawals; card withdrawals 1.9 % (SEPA) / 0 % (non-SEPA) |
| Investor Protection | Deposit insurance | esisuisse / FGDL |
| Protection Size | CHF 100,000 | CHF 100 000 / €100 000 |
| 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, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities, Bonds |
| Review | Dukascopy Bank SA Review | Swissquote Review |
About 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
About Swissquote
Swissquote is Switzerland’s flagship online banking and brokerage group, supervised by FINMA and listed on SIX (SQN). Combining a Swiss bank account with a multi-asset trading hub, it offers 70+ FX pairs, 400+ CFDs on MT4/MT5, the proprietary CFXD platform and TradingView. Retail leverage is capped at 1:100 (EU 1:30), spreads start from 1.7 pips on Standard and 1.1 pips on Prime, while client funds enjoy segregated custody and deposit insurance up to CHF 100 000/€100 000. The broker best suits safety-minded traders who value Swiss banking regulation, high-volume FX/CFD professionals needing FIX/API connectivity, and diversified investors seeking direct access to global exchanges from a single account. Beginners with very small deposits may find the USD 1 000 entry threshold and inactivity fee less attractive than at zero-commission fintechs.
Pros
- Bank-licensed, publicly traded and multi-jurisdictionally regulated
- 70+ FX pairs and 400+ CFDs; real stocks on 30+ exchanges
- Choice of MT4/MT5, proprietary Advanced Trader & FIX API
- Retail negative-balance protection and segregated funds
- Comprehensive research, Autochartist, free market news
Cons
- High minimum deposit ($1 000) and tiered account pricing
- Spreads above industry average on Standard account
- Inactivity fee after 6 months
- No support for Skrill/Neteller/PayPal funding
Dukascopy Bank SA & Swissquote Regulation
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
Companies | Dukascopy Bank SA | Swissquote Bank Ltd; Swissquote Bank Europe Ltd; Swissquote Ltd (UK); Swissquote MEA Ltd; Swissquote Asia Ltd; Swissquote Financial Services (Malta) Ltd; Swissquote Pte. Ltd; Swissquote Tech Hub Bucharest S.R.L; Swissquote Capital Markets Ltd; Swissquote South Africa (Pty) Ltd |
Countries | Switzerland | Switzerland, Luxembourg, UK, Dubai, Hong Kong, Malta, Singapore, Romania, Cyprus, South Africa |
Regulators | FINMA | FINMA, CSSF, FCA, DFSA, SFC, MAS |
Investor Protection | Deposit insurance | esisuisse / FGDL |
Investor Protection Size | CHF 100,000 | CHF 100 000 / €100 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Dukascopy Bank SA
Dukascopy Bank SA
Swissquote
Swissquote Bank Ltd; Swissquote Bank Europe Ltd; Swissquote Ltd (UK); Swissquote MEA Ltd; Swissquote Asia Ltd; Swissquote Financial Services (Malta) Ltd; Swissquote Pte. Ltd; Swissquote Tech Hub Bucharest S.R.L; Swissquote Capital Markets Ltd; Swissquote South Africa (Pty) Ltd
Countries
Dukascopy Bank SA
Switzerland
Swissquote
Switzerland, Luxembourg, UK, Dubai, Hong Kong, Malta, Singapore, Romania, Cyprus, South Africa
Regulators
Dukascopy Bank SA
FINMA
Swissquote
FINMA, CSSF, FCA, DFSA, SFC, MAS
Investor Protection
Dukascopy Bank SA
Deposit insurance
Swissquote
esisuisse / FGDL
Investor Protection Size
Dukascopy Bank SA
CHF 100,000
Swissquote
CHF 100 000 / €100 000
Publicly Traded
Dukascopy Bank SA
Swissquote
Segregated Accounts
Dukascopy Bank SA
Swissquote
Guaranteed Stop Loss
Dukascopy Bank SA
Swissquote
Negative Balance Protection
Dukascopy Bank SA
Swissquote
Account Types
| Account | Dukascopy Bank SA | Swissquote |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 000 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.7 |
| Fee | — | No |
| Max Leverage | — | 1:100 |
| Stop Out | — | 30% |
| Margin Call | — | 100% |
STP Account | ||
| Account Name | — | Premium |
| Min Deposit | — | $10 000 |
| Lot Size | — | 0.1 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.4 |
| Fee | — | No |
| Max Leverage | — | 1:100 |
| Stop Out | — | 30% |
| Margin Call | — | 100% |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $1000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| 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 | — |
Market Maker Account
Account Name
Dukascopy Bank SA
—
Swissquote
Standard
Min Deposit
Dukascopy Bank SA
—
Swissquote
$1 000
Lot Size
Dukascopy Bank SA
—
Swissquote
0.01
Spread Type
Dukascopy Bank SA
—
Swissquote
Floating
Execution
Dukascopy Bank SA
—
Swissquote
Market
Min Spread
Dukascopy Bank SA
—
Swissquote
1.7
Fee
Dukascopy Bank SA
—
Swissquote
No
Max Leverage
Dukascopy Bank SA
—
Swissquote
1:100
Stop Out
Dukascopy Bank SA
—
Swissquote
30%
Margin Call
Dukascopy Bank SA
—
Swissquote
100%
STP Account
Account Name
Dukascopy Bank SA
—
Swissquote
Premium
Min Deposit
Dukascopy Bank SA
—
Swissquote
$10 000
Lot Size
Dukascopy Bank SA
—
Swissquote
0.1
Spread Type
Dukascopy Bank SA
—
Swissquote
Floating
Execution
Dukascopy Bank SA
—
Swissquote
Market
Min Spread
Dukascopy Bank SA
—
Swissquote
1.4
Fee
Dukascopy Bank SA
—
Swissquote
No
Max Leverage
Dukascopy Bank SA
—
Swissquote
1:100
Stop Out
Dukascopy Bank SA
—
Swissquote
30%
Margin Call
Dukascopy Bank SA
—
Swissquote
100%
ECN Account
Account Name
Dukascopy Bank SA
ECN
Swissquote
—
Min Deposit
Dukascopy Bank SA
$1000
Swissquote
—
Lot Size
Dukascopy Bank SA
0.01
Swissquote
—
Spread Type
Dukascopy Bank SA
Floating
Swissquote
—
Execution
Dukascopy Bank SA
Market
Swissquote
—
Min Spread
Dukascopy Bank SA
0.1
Swissquote
—
Fee
Dukascopy Bank SA
$7 per 1 lot
Swissquote
—
Max Leverage
Dukascopy Bank SA
1:200
Swissquote
—
Stop Out
Dukascopy Bank SA
50%
Swissquote
—
Margin Call
Dukascopy Bank SA
100%
Swissquote
—
Additional Features
Demo Account
Dukascopy Bank SA
Swissquote
VIP Account
Dukascopy Bank SA
Swissquote
Swap-Free Account
Dukascopy Bank SA
Swissquote
Copy Trading
Dukascopy Bank SA
Swissquote
VPS
Dukascopy Bank SA
Swissquote
PAMM/MAM Accounts
Dukascopy Bank SA
Swissquote
Binary Options
Account
Dukascopy Bank SA
Binary
Swissquote
—
Minimum Deposit
Dukascopy Bank SA
$1000
Swissquote
—
Option Types
Dukascopy Bank SA
Up/Down, Touch
Swissquote
—
Minimum Stake
Dukascopy Bank SA
$1
Swissquote
—
Payout
Dukascopy Bank SA
from 70% to 90%
Swissquote
—
Expiration Time
Dukascopy Bank SA
from 5 minutes to 24 hours
Swissquote
—
Funding and Fees
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
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 | USD, EUR, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
Deposit and withdrawal methods | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) | Bank transfer (SWIFT/SEPA), Visa, Mastercard |
Inactivity fee | CHF 500 after 12 months of inactivity | $10 per month after 6 months of inactivity |
Interest on margin | ||
Withdrawal fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) | $10 for standard bank withdrawals; card withdrawals 1.9 % (SEPA) / 0 % (non-SEPA) |
Base currencies
Dukascopy Bank SA
USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU
Swissquote
USD, EUR, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK
Deposit and withdrawal methods
Dukascopy Bank SA
Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT)
Swissquote
Bank transfer (SWIFT/SEPA), Visa, Mastercard
Inactivity fee
Dukascopy Bank SA
CHF 500 after 12 months of inactivity
Swissquote
$10 per month after 6 months of inactivity
Interest on margin
Dukascopy Bank SA
Swissquote
Withdrawal fee
Dukascopy Bank SA
Variable (e.g. $20 via bank wire or 2.5% via card/ewallet)
Swissquote
$10 for standard bank withdrawals; card withdrawals 1.9 % (SEPA) / 0 % (non-SEPA)
Trading Platforms and Conditions
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
Trading Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), CFXD, TradingView |
Execution Speed | 10 ms | 9 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | high |
Trading Platforms
Dukascopy Bank SA
JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader
Swissquote
MetaTrader 4 (MT4), MetaTrader 5 (MT5), CFXD, TradingView
Execution Speed
Dukascopy Bank SA
10 ms
Swissquote
9 ms
Scalping
Dukascopy Bank SA
Swissquote
Expert Advisors (EAs)
Dukascopy Bank SA
Swissquote
Depth of Market (DOM)
Dukascopy Bank SA
Swissquote
Spread
Dukascopy Bank SA
low
Swissquote
high
Trading Assets
| Asset | Dukascopy Bank SA | Swissquote |
|---|---|---|
Currencies | 60 | 76 |
Indices | 20 | 26 |
Stocks | 1081 | 305 |
Cryptocurrencies | 18 | 2 |
Bonds | 3 | 3 |
Metals | 5 | 16 |
Energies | 4 | 9 |
Soft Commodities | 6 | 5 |
ETFs | 51 | 0 |
Currencies
Dukascopy Bank SA
60
Swissquote
76
Indices
Dukascopy Bank SA
20
Swissquote
26
Stocks
Dukascopy Bank SA
1081
Swissquote
305
Cryptocurrencies
Dukascopy Bank SA
18
Swissquote
2
Bonds
Dukascopy Bank SA
3
Swissquote
3
Metals
Dukascopy Bank SA
5
Swissquote
16
Energies
Dukascopy Bank SA
4
Swissquote
9
Soft Commodities
Dukascopy Bank SA
6
Swissquote
5
ETFs
Dukascopy Bank SA
51
Swissquote
0
Education and Analytics
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Dukascopy Bank SA
Swissquote
Indicators
Dukascopy Bank SA
Swissquote
Robots
Dukascopy Bank SA
Swissquote
Signals
Dukascopy Bank SA
Swissquote
Autochartist
Dukascopy Bank SA
Swissquote
Expert Analytics
Dukascopy Bank SA
Swissquote
News Feed
Dukascopy Bank SA
Swissquote
Education Articles
Dukascopy Bank SA
Swissquote
Webinars
Dukascopy Bank SA
Swissquote
Seminars
Dukascopy Bank SA
Swissquote
Contests
| Feature | Dukascopy Bank SA | Swissquote |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
| — |
| Live Contests | ||
| Is available | ||
| Contests List |
| — |
Demo Contests
Is available
Dukascopy Bank SA
Swissquote
Contests List
Dukascopy Bank SA
- Strategy ContestStart Balance: $100000 · Prize Pool: $5000 · Period: MonthlyLearn More
Swissquote
—
Live Contests
Is available
Dukascopy Bank SA
Swissquote
Contests List
Dukascopy Bank SA
- Live Trader ContestStart Balance: $1-$10000 · Prize Pool: $1500 · Period: WeeklyLearn More
Swissquote
—
Customer Support
| Contact | Dukascopy Bank SA | Swissquote |
|---|---|---|
Email | support@dukascopy.com | fx@swissquote.com |
Phone | +41227994848 | +41448258777 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter | ||
TikTok | — | TikTok |
Email
Dukascopy Bank SA
Swissquote
Phone
Dukascopy Bank SA
Swissquote
Instagram
Dukascopy Bank SA
—
Swissquote
TikTok
Dukascopy Bank SA
—
Swissquote
Which Broker is Better?
After comparing Dukascopy Bank SA and Swissquote, Dukascopy Bank SA 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.
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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.