Dukascopy offers various account types, including ECN accounts, MT4/MT5 accounts, and wealth management solutions like PAMM (Percent Allocation Management Module) accounts.
Dukascopy also offers copy trading, news trading, and a PAMM system to attract traders seeking social trading opportunities.
Customer support is available 24/7 via various methods such as live chat, call-back requests, and phone.
Dukascopy Company Information & Regulation Status
Dukascopy Bank SA, founded in 2004 by Swiss nationals Andre and Veronika Duka, is an innovative online bank based in Geneva, Switzerland. The company provides internet-based and mobile trading services, banking, and other financial services through proprietary technological solutions. Dukascopy primarily offers forex, precious metals, CFDs, and binary options trading with low spreads, fast execution, and advanced trading tools. Key points about dukascopy's regulation and company structure:
- Under the oversight of the Swiss Financial Market Supervisory Authority (FINMA), Dukascopy operates as both a bank and a securities firm;
- Owns Dukascopy Europe IBS AS (European licensed brokerage in Riga) and Dukascopy Japan (Type-1 licensed broker in Tokyo);
- Member of the Swiss Bankers Association.
Dukascopy's flagship offering is the SWFX - Swiss FX Marketplace, an ECN (Electronic Communication Network) platform that connects to over 20 major banks. It provides clients with access to deep liquidity pools and competitive spreads.
Dukascopy Broker Summary of Specifics
Dukascopy Bank offers a comprehensive suite of trading and banking services tailored to meet the needs of both retail and institutional clients. Here's a summary of the Forex broker's critical specifics:
Broker | Dukascopy |
Account Types | JForex4, MT4, MT5, Binaries |
Regulating Authorities | FINMA |
Based Currencies | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR |
Minimum Deposit | $100 |
Deposit Methods | Wire, Credit/Debit Card, Skrill, Neteller, Crypto, Bank Guarantee, SEPA |
Withdrawal Methods | Western Union, Wire |
Minimum Order | 1000 units of the primary currency |
Maximum Leverage | 1:100 |
Investment Options | YES |
Trading Platforms & Apps | MT4, MT5, JForex, Web Platform |
Markets | Metals, Indices, Commodities, Stocks, ETFs, Cryptocurrencies, Bonds, Forex |
Spread | Varies |
Commission | From 5 |
Orders Execution | Stop Order, Limit Order, Market if Touch Order |
Margin Call/Stop Out | 100%/50% |
Trading Features | Copy Trading, News Trading |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | YES |
Customer Support Ways | Ticket, Call-Back request, Phone Call, Chat |
Customer Support Hours | 24/7 |
Dukascopy Account Types
Dukascopy offers several account types to cater to different trader preferences and needs:
Account Type | Available Currencies | Min deposit |
JForex 4 | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR | $100 |
MT4 | USD, EUR, GBP, CHF, PLN | $100 |
MT5 | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR | $100 |
Binaries | CHF, EUR, USD, GBP, CAD, JPY, SGD, PLN, AUD, HKD, DKK, MXN, NOK, NZD, SEK, TRY, ZAR, CZK, HUF, ILS, RON | $100 |
PAMM accounts offer a valuable option for investors who prefer to have their funds managed by experienced traders.
These accounts provide transparent performance tracking, allowing investors to monitor how their money is being handled.
Additionally, they offer the flexibility to allocate funds across multiple managers, giving investors more control and diversification in their investments. This structure makes PAMM accounts a popular choice for those seeking professional management of their portfolios.
Dukascopy Advantages and Disadvantages
Dukascopy, just like the other forex brokers, offers several compelling advantages for traders, but it's important to consider potential drawbacks. Here's a balanced overview:
Pros | Cons |
Strong Regulation | Complex Account Opening |
Advanced Technology | Higher Fees for MT4/MT5 |
Competitive Pricing | Limited Crypto Offerings |
Diverse Asset Selection | High Minimum Deposit |
Deep Liquidity | - |
Dukascopy is well-suited for experienced, active traders who can take advantage of its advanced features and competitive pricing. However, beginners might find the platform and account opening process more challenging than other brokers.
Dukascopy Broker Signing Up & Verification Process
Opening a live trading account with Dukascopy involves a straightforward but thorough process. Here are the Dukascopy registration steps, described below.
#1 Launch the Application
Visit Dukascopy’s official site and select “Open Live Trading Account” from the top navigation menu.
#2 Initial Form Submission
Provide your name, email, phone number, and preferred language to begin.
#3 Account Type & Capital Plan
Choose the account category and input your intended funding amount.
#4 Identity & Address Details
Enter personal details like title, date of birth, citizenship, and residential information.
#5 Financial Background & Declarations
Declare your occupation, financial profile, and tax residency—including TIN and U.S. citizenship status.
#6 Define Preferences
Select the account currency and confirm your trading role.
#7 Terms & Conditions
Agree to all legal agreements and add a promo code if applicable.
#8 Mobile Verification
Complete the CAPTCHA, request a verification code via SMS, enter it, and confirm your email.
#9 Dukascopy KYC
For full access, you might be asked to upload certain documents, such as your ID card or proof of address; to do so, head to the profile section and look for the KYC/Verification button to get started.
Dukascopy Trading Platforms
Dukascopy offers a range of trading platforms to suit different trader preferences:
Platform | Features |
JForex 4 | Manual, automated, and chart trading available Over 250 indicators and analysis tools Economic events and news calendar included Automated trading on local machines and Strategy Servers |
MetaTrader 4/MetaTrader 5 | 108 available currency pairs Leverage up to 1:100 Support for automated trading Analytical tools provided Multiple chart types available Capabilities for backtesting strategies |
Web Trading Platform | Browser-based platform for convenient access No download required |
Mobile Trading Apps | Native apps for iOS and Android devices Access to real-time quotes and charts Ability to place trades and manage positions on-the-go |
Dukascopy's diverse platform offerings ensure traders of all levels and preferences can find a suitable solution for their trading needs.
TradingFinder has developed a comprehensive list of advanced MT4 and MT5 indicators that you can use for free.
Dukascopy Spreads and Commissions Structure
Dukascopy offers a competitive fee structure, with costs varying based on account type and trading volume:
Trading Commissions | |
Self-Traders | $5 to $52.5 per $1M traded based on Net Deposit and Equity levels |
Clients with External Managers | Up to $100 per $1M traded |
Swap-Free Accounts | +$5 per $1M for currencies, +$7.5 per $1M for precious metals |
Single Stock CFD and ETF CFD | 0.1-0.18% of trade value with minimum fees |
MetaTrader 4 | $0.5 per 1 MT4 lot ($5 per $1M) |
Spreads | |
Forex | From 0.1 pips on major pairs |
CFDs | Variable, depending on market conditions |
It's important to note that Dukascopy's fee structure rewards higher-volume traders with lower commissions.
Here is a detailed spread and commission structure:
- EUR/USD: 0.3
- USD/JPY: 0.4
- GBP/USD: 0.4
- USD/CHF: 0.5
- AUD/USD: 0.4
- USD/CAD: 0.6
- NZD/USD: 0.6
- EUR/JPY: 0.5
- GBP/JPY: 1.0
Commission per 1.0 standard lot (round turn) on the JForex platform starts from $7.00 and can go down to $5.00 or lower for large volume traders or clients with higher equity.
MT4/MT5 users typically pay $1.00 more per lot than JForex users. Commission rates vary depending on the trader’s monthly volume, net deposits, and current equity level.
Dukascopy Swap Policy
Here's a summary of Dukascopy's Overnight Policy:
- Rollover Time: 21:00 GMT (or 23:00 CET)
- Rollover Multiplier on Wednesday: 3×
- Rollover Unit: Calculated per 1 million USD (or equivalent volume)
- Weekdays with Rollover: Applied daily, except weekends
- Triple Rollover Day: Wednesday (to cover Saturday + Sunday)
- Swap applies on:Forex, Metals, CFDs
Dukascopy Broker Deposit & Withdrawal Methods
Dukascopy provides several options for funding and withdrawing from trading accounts:
Deposit Methods | |
Wire Transfer | Free from Dukascopy, takes 1-2 business days, min deposit varies by account |
Credit/Debit Card | Takes 1 business day |
E-wallets (Skrill, Neteller) | Quick processing |
Crypto Transfer | In BTC, ETH, and USDT |
Bank Guarantee | Available for deposits of $100,000 or more |
SEPA | An easy way for European countries |
Withdrawal Methods | |
Wire Transfer | processing time 1-2 business days |
Western Union | Without fees |
Copy Trading & Investment Options Offered on Dukascopy Broker
Dukascopy offers several investment options and social trading features for clients looking to diversify their trading strategies:
- PAMM (Percent Allocation Management Module) Accounts
- Social Trading via JForex Forum
- Copy Trading on MT4 and MT5 platforms
While Dukascopy doesn't offer a dedicated copy trading platform like some competitors, its social trading features and PAMM accounts provide alternatives for traders looking to follow or replicate others' strategies.
Dukascopy Tradable Markets & Symbols Overview
Dukascopy offers a wide range of tradable instruments across various asset classes, from Crypto to Forex market.
Asset Class | Details |
Metals | - Gold (XAU/USD) |
Indices | - Major global indices: S&P 500, FTSE 100, DAX, Nikkei 225 |
Commodities | - Crude Oil, Natural Gas, Coffee, Cocoa, Sugar |
Stocks | - CFDs on shares from major global exchanges |
ETFs | - Selection of popular Exchange-Traded Funds |
Cryptocurrencies | - CFDs on major cryptocurrencies: Bitcoin, Ethereum, Litecoin |
Bonds | - Government and corporate bond CFDs |
Forex | - Over 60 currency pairs |
Dukascopy's diverse offering allows traders to diversify their portfolios and exploit opportunities across multiple markets.
The broker's ECN model and connection to the SWFX Marketplace ensure competitive pricing and deep liquidity for most instruments.
Here is an overview of the leverage in Dukascopy markets:
- Forex:1:10 to 1:100
- Commodities:1:10 to 1:100
- Indices:1:25 to 1:100
- Crypto:1:10 fixed
- Shares:1:5 to 1:20
Dukascopy Bonuses and Discounts
Dukascopy offers several bonus programs and promotions to attract and retain traders:
Type | Amount |
Experience Sharing | 50% of trading volume commissions for the lifetime of the account; New Client receives 10% cashback |
Equity Bonus | 10% of account equity |
Volume Trading Commission Discount | 20% discount on volume trading commissions |
Anniversary Bonus | 100% Bonus of account equity |
Traders should carefully review the requirements before participating in any bonus program.
Dukascopy Broker Support Team
Dukascopy provides comprehensive customer support through various channels:
- Live Chat (Available 24/7)
- Ticket Support
- Call-Back request
- phone call (24/7): +41 22 799 4888
Dukascopy Broker List of Restricted Countries
Dukascopy does not provide services to clients from the following restricted countries:
- Afghanistan
- Cuba
- Iran
- Japan
- Myanmar
- North Korea
- South Sudan
- Sudan
- Syria
- USA
It is important for potential clients to verify their eligibility before applying, as violations may result in account termination or legal consequences.
Dukascopy Broker Trust Scores & Reviews
Dukascopy Broker has received mixed reviews on Trustpilot (3.9 out of 5), reflecting a range of experiences among its clients. While some users praise the platform for its trading tools and customer service, others express concerns about withdrawal processes and account management.
Education on Dukascopy Broker
Dukascopy Broker's commitment to education is evident in their robust program:
- Webinars
- Seminars
These sessions are structured to provide participants with valuable insights into a wide range of trading topics, including technical analysis, risk management, and trading strategies.
The webinars are conducted by experienced professionals, including market analysts and seasoned traders, ensuring that the information shared is both relevant and practical.
In addition to online offerings, Dukascopy also hosts seminars that will also be broadcast live on the Dukascopy TV website.
Dukascopy in Comparison with Others
To choose the best broker, here is a complete comparison between Dukascopy and its rivals; Dukascopy Comparison:
Parameter | Dukascopy Broker | |||
Regulation | FINMA | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FCA, FSCA, CySEC, SCB | FSA, CySEC, ASIC |
Minimum Spread | 0.1 Pips | 0.0 Pips | Varies based on Account | 0.0 Pips |
Commission | From $5 | From $0.2 to USD 3.5 | Varies based on Account | Average $1.5 |
Minimum Deposit | $10 | $10 | $100 | $200 |
Maximum Leverage | 1:100 | Unlimited (Subject to account) | 1:500 | 1:500 |
Trading Platforms | MT4, MT5, JForex, Web Platform | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App | MT4, MT5, cTrader, cTrader Web, IC Markets Mobile |
Account Types | JForex4, MT4, MT5, Binaries | Standard, Standard Cent, Pro, Raw Spread, Zero | Standard, Pro, Raw+, Elite | Standard, Raw Spread, Islamic |
Islamic Account | Yes | Yes | Yes | Yes |
Currency Pairs | 24+ | Over 100 | 200 | 861 |
Number of Tradable Assets | Over 1,200 | 500+ | Not specified | Not specified |
Trade Execution | Market, Pending, and Conditional | Market Execution, Instant Execution | Market Execution, Instant Execution | Market |
Conclusion and final words
Dukascopy's Swiss FX Marketplace offers deep liquidity by connecting to more than 20 major banks, and traders can enjoy a leverage of up to 1:100.
The broker provides diverse deposit methods like Wire, Credit/Debit Card, and Skrill.
Dukascopy’s fee structure is competitive, with commissions from $5.