| Broker Details | Dukascopy |
|---|---|
| Founded Year | 1998 |
| Minimum Deposit | $100 |
| Maximum Leverage | 200:1 * |
| Address | ICC, Entrance H, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland |
| Contact | support@dukascopy.com, +41 22 799 4888 |
| Customer Support | Live Chat, Email, and Phone |
| Regulators | FINMA, JFSA, FCMC |
| Prohibited Countries | Belgium, Canada, China, United Kingdom, Turkey, Israel, Indonesia, United States |
| Trading Platforms | MT4, MT5, jForex, SWFX |
| Dealing Desk | ❌ No |
| ECN | ✅ Yes |
| Margin Call / Stop Out: | 100%/200% |
| Web Trading | ✅ Yes |
| Mobile Trading | ✅ Yes |
| Currencies | (60+) |
| Cryptocurrencies | (15+) Bitcoin, Litecoin, Ethereum |
| CFD | (1135+) Gold, Silver, Other Precious Metals, Stocks, Bonds, Oil, Other Commodities, ETF |
| EAs/Robots | ✅ Yes |
| News Trading | ✅ Yes |
| Scalping | ✅ Yes |
| Copy Trading | ❌ No |
| Deposit Methods | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bank Gurantees, Credit/Debit Card, Crypto, Maestro, Neteller, Skrill |
| Withdrawal Methods | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Credit/Debit Card, Crypto, Maestro, Neteller, Skrill |
Pros:
- Strong client protection and security.
- Very low spreads on major forex pairs.
- ECN model for fast and direct trade execution.
- Advanced and reliable trading platform.
- Access to a personal account manager for support.
- Easy-to-use tool for creating trading strategies visually.
- Wide variety of instruments to trade.
- Helpful research and analysis resources.
- PAMM accounts available for professional money management.
- CHF 100,000 insurance for accounts.
- Regular live webinars for learning and updates.
Cons:
- Live chat support can be slow to respond.
- Fees for account maintenance and deposits/withdrawals.
Dukascopy Review: Is It Truly Worth Your Time and Money?
If you’re on the hunt for a reliable and feature-packed broker, Dukascopy might already be on your radar. Known for its client-centric services and innovative technology, this Swiss-based broker has carved out a niche in the trading world. But is it the right choice for you? Let’s dive into the details.
Dukascopy is a Switzerland-based forex and CFD broker founded in 2004. It’s regulated by the Swiss Financial Market Supervisory Authority (FINMA), ensuring strict compliance with Swiss banking laws. But what sets it apart? Let’s find out.
What makes Dukascopy shine in a sea of brokers? It’s their focus on technology and security. They offer tight spreads, fast trade execution, and a robust proprietary trading platform—features that traders can’t ignore.
1. Tight Spreads
One of the biggest draws is its incredibly tight spreads, especially for forex majors. If saving on trading costs is a priority, Dukascopy has you covered.
2. ECN Execution Model
Dukascopy uses an ECN (Electronic Communication Network) model, ensuring you get fast and transparent trade execution with no dealing desk interference.
3. Proprietary Trading Platform
Forget the generic platforms! Dukascopy’s JForex platform is built for traders who love advanced charting tools, automated strategies, and a smooth user experience.
4. Safety and Security
Being regulated by FINMA, Dukascopy offers CHF 100,000 in insurance for client accounts. That’s peace of mind for traders.
1. Standard Account
Perfect for regular traders, offering access to all instruments with low spreads and commissions.
2. PAMM Accounts
For those looking to manage funds professionally or invest in managed portfolios, this option is gold.
Dukascopy provides access to over 600 trading instruments. This includes forex, commodities, indices, stocks, and cryptocurrencies. Whether you’re a seasoned trader or a newbie, there’s something for everyone.
1. Live Webinars
Dukascopy hosts regular webinars to keep traders informed about market trends and trading strategies.
2. Research Materials
The broker’s platform features insightful analysis, economic calendars, and market news to help you stay ahead.
3. Demo Account
Want to practice before you dive in? Their demo account is perfect for testing strategies without risking real money.
Dukascopy’s fee structure includes spreads, commissions, and account maintenance charges. While the spreads are tight, the fees for deposits and withdrawals might feel like a downside. Always factor these in when deciding.
1. Live Chat
While live chat is available, it’s not the fastest. You might need to wait longer than expected.
2. Phone and Email Support
If chat isn’t your thing, you can always call or email their support team, which is generally helpful and professional.
Opening an account with Dukascopy is simple. Here’s how:
- Visit their official website.
- Fill out the registration form.
- Submit required documents (ID, proof of residence).
- Fund your account and start trading.
If you value security, advanced tools, and transparent execution, Dukascopy is worth considering. However, if fast support or fee-free services are your top priorities, it might not be the best fit.
When stacked against brokers like IG or Saxo Bank, Dukascopy stands out for its technology and ECN execution. However, its slower support and fees might make other brokers more appealing for some.
Their mobile app is feature-rich and mirrors the functionality of their desktop platform. You can trade, analyze, and manage your account on the go.
Love algo-trading? The JForex platform supports automated trading with a built-in strategy development tool. It’s perfect for tech-savvy traders.
Dukascopy is a solid choice for traders looking for security, advanced tools, and competitive trading conditions. While it’s not perfect—thanks to slow support and fees—the pros far outweigh the cons for many traders. Whether you’re new to trading or a seasoned pro, Dukascopy has something to offer.
Insurance on funds ensures peace of mind while trading.