Score
Switzerland
|
Above 20 years
|
Environment AA
|https://www.dukascopy.com/swiss/english/home/
Website
Rating Index
Environment
AA
Average transaction speed (ms)
MT4/5
Full License
Dukascopy-live-1
Capital Ratio
Great
Capital
Influence
A
Influence index NO.1
United States 6.50Speed：D
Slippage：C
Cost：AAA
Disconnected：AAA
Rollover：AAA
MT4/5 Identification
Full License
Capital Ratio
Great
Capital
Influence
A
Influence index NO.1
United States 6.50
Single Core
1G
40G
1M*ADSL
Switzerland
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiFX Data provide
WikiResearch
Lithuania dukascopy.online dukascopy.jp
dukascopy.ch dukascopy.com
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Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland. The bank specializes in providing cutting-edge internet-based and mobile trading services, with a strong focus on foreign exchange, CFDs, and binary options. Additionally, the bank offers a wide range of banking and financial services, all supported by their in-house technological solutions.
Dukascopy Bank was established on November 2, 2004, in Geneva by Andre and Veronika Duka, both Swiss nationals residing in Geneva who continue to maintain a 99% ownership stake in the company. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm.
Dukascopy Bank fully owns Dukascopy Europe IBS AS, a European licensed brokerage company based in Riga and Dukascopy Japan, a Type-1 licensed broker located in Tokyo. In addition to its Geneva Headquarters, Dukascopy Bank has offices in Riga, Tokyo and Hong Kong. Currently, Dukascopy Group employs over 300 staff.
The Dukascopy Group primarily offers online and mobile trading services through the SWFX - Swiss FX Marketplace, which is Dukascopy's proprietary ECN (Electronic Communication Network) technological solution and a registered trademark.
Dukascopy main features | |
☑️Regulations | FINMA (Switzerland), JFSA (Japan), FCMC (Latvia) |
💰 Account currency | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR |
🗺 Supported Languages | English, Spanish, German, French, Arabic, Russian, Portuguese, Japanese, Chinese, Slovak, Czech, Polish, Italian, Hungarian |
📊 Accounts | ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing). |
💰 Products (CFD) | Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Crypto |
💵 Min Deposit | $100 (Dukascopy Bank SA), $100 (Dukascopy Europe IBS AS) |
💹 Margin Call / Stop Out: | 100%/200% |
📈️ Min Order | 0.01 |
💱 Spread | From 0.1 pips for EUR/USD |
💹 Max Leverage | From 1:1 to 1:200 on weekdays/ from 1:1 to 1:60 on weekends (JForex4 platform - limitations may apply), 1:25 (Dukascopy Japan) |
🖥 Trading Desk Type | All trading orders are executed fully automatically by the trading system. Order execution is STP (Straight-Through Processing) without any human intervention |
📊 Trading Platforms | JForex4 and MT4 platform, both are available for desktop and mobile. |
💳 Deposit Options | Wire Transfer (SWIFT, SEPA), Debit/Credit Card, Cryptocurrencies, Skrill, Neteller, Bank guarantee |
💳 Withdrawal Options | Bank Transfer, Transfer to crypto exchange, Skrill, Neteller, Payment Card |
🕑 Time to Withdrawal | Withdrawal request is processed within 1 working day |
🕝 Time to Open an Account | The deposit is processed within 1 working day |
₿ Cryptocurrencies | Bitcoin, Cardano, Litecoin, Stellar, Dash, Enjin Coin, TRON, Uniswap, EOS, Ethereum, Basic Attention Token, Chainlink, Polygon |
🗓 Foundation Year | 2004 (Geneva, Switzerland) |
🎁 Contests and bonuses | Yes |
Dukascopy offers an exceptional trading experience that is worth every trader's attention. With a client-first approach, Dukascopy provides numerous advantages, making them a standout choice for anyone looking to enter the financial markets. Dukascopy's commitment to cost-efficiency is evident through their low spreads, allowing for savings on trading costs. Swift execution ensures obtaining the best possible prices, providing a competitive advantage in trades. Additionally, with deposit protection of up to CHF 100,000, you can trade with peace of mind.
The unique trading platform, JForex4, Dukascopy's proprietary solution, is user-friendly, making trading accessible even for beginners. JForex4 presents over 200 technical indicators and trading widgets to help in staying informed about potential opportunities. With support for minute timeframes like ticks and seconds, it is perfect for scalping. Dukascopy's 19 years of experience and Swiss banking license instill trust and security. With over 1200 instruments, leverage up to 1:200, and 24/7 live trading support, Dukascopy stands as a trusted partner to guide traders through their trading journey.
Moreover, Dukascopy offers a great feature – detailed historical price feed data makes it easier to develop and test trading strategies. This data covers various financial instruments, helping traders make informed decisions and reducing the risk of price manipulation. Dukascopy's extensive data archive is a useful resource for creating trading strategies, especially for high-frequency trading, and provides practical insights.
With such a comprehensive offering, Dukascopy is the go-to choice for transparent and professional trading services. Make a smart move and open an account today!
Attractive trading conditions |
Client funds protected up to CHF 100,000, with EUR 20,000 cover for Dukascopy Europe. |
Online account opening with video identification |
Accumulating liquidity from various sources (banks, brokerage companies, liquidity providers, internal liquidity pool) |
ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing). |
A wide range of free financial information and other attractive resources is available through its website, including Dukascopy TV |
Extensive variety of trading platforms, JForex4, MT4 (available for desktop and mobile) |
Manual and automated trading and trading directly from the chart |
Hedging and scalping allowed |
Slippage control |
Swap free accounts upon request (conditions apply) |
200 indicators and chart studies and automated trading historical tester |
Wide range of trading orders: MIT, limit orders, eco and TP/SL orders |
Deposit bonus up to 100% |
Leverage up to 1:200 |
Dukascopy regulations
Dukascopy is strictly supervised and regulated by esteemed regulatory bodies. The regulatory authorities play a pivotal role in ensuring Dukascopy’s compliance with the highest standards of financial and securities industry practices.
Dukascopy's international presence is underlined by its licenses and oversight by regulatory authorities in different parts of the world:
Dukascopy Bank SA is licensed and regulated as a bank and as a securities firm by the Swiss Financial Market Supervisory Authority (FINMA), which is classified as a Tier-1 regulator.
Dukascopy Europe IBS AS is licensed and regulated by the Bank of Latvia, also recognized as a Tier-1 regulator.
Dukascopy Japan K.K. is licensed and regulated by the Financial Services Agency of Japan (JFSA), known as a Tier-1 regulator.
These regulatory bodies set specific requirements for Dukascopy, and the company has diligently complied with them since 2004. It is important to note that failure to comply with these requirements could result in the withdrawal of the bank's license. Regular audits are conducted to ensure adherence to Swiss laws. Dukascopy also ensures client security by providing deposit protection for amounts up to CHF 100,000, in line with Swiss financial service provider requirements.
Dukascopy is widely regarded as one of the safest brokerage firms. They maintain strict safety standards and hold official licenses from respected financial regulators. Routine audits by PKF for internal affairs and KPMG for financial records further solidify their commitment to safety and financial integrity.
In summary, Dukascopy's reputation as a trusted and stable entity is due to its adherence to three top-tier regulations, regular audits, stringent safety standards, and a strong commitment to transparency. These qualities make Dukascopy a reputable choice for investors around the world.
Trading terms for Dukascopy clients
Traders opt for Dukascopy due to its well-established reputation for providing a secure trading environment. Dukascopy Bank SA, headquartered in Switzerland, operates under the regulation of the Swiss Financial Market Supervisory Authority (FINMA). This regulatory oversight ensures strict adherence to financial standards and secures client accounts up to CHF 100,000.
Dukascopy takes pride in delivering favorable trading terms to its clients. By offering narrow spreads, cost-effective commissions, and access to abundant liquidity from numerous providers, Dukascopy enables traders to execute trades at competitive rates, ultimately increasing their profitability.
Dukascopy also permits traders to select from a range of trading accounts, including Standard, ECN, and Islamic accounts, to suit various trading styles and preferences.
Furthermore, in addition to the widely-used MT4 platform, Dukascopy presents its proprietary JForex4 trading platform, available for both desktop and mobile devices. This platform grants traders the flexibility to monitor and participate in the markets from anywhere, ensuring they never miss a trading opportunity. Dukascopy's JForex4 mobile platform offers real-time quotes, comprehensive order management features, and full account accessibility.
With Dukascopy, you can transfer funds directly from the JForex platform to a multi-currency banking account (MCA), without any associated fees. The MCA account supports various payment methods, including card and cryptocurrency transactions.
Trading features | |
🔧 Instruments | 1200+ instruments including: FX, Commodities (CFD), Indices (CFD), Bonds (CFD), Stocks (CFD), ETF (CFD), Crypto (CFD) |
🏛 Liquidity Provider | Liquidity providers are represented by centralized marketplaces and a number of banks which continuously provide ask and bid prices on the market. The sentiment ratio of this group is opposite to liquidity consumers data because, for each trade executed through SWFX, there are two equal and offsetting over-the-counter transactions |
⚡Lightning-fast order execution | Yes |
🎧 Customer support | 24h/7 multi-language support via chat, phone and email |
⭐ Other | A wide range of order types, including stop-loss and limit orders |
📱 Mobile trading | Yes |
| Quick Dukascopy Review Summary | |
| Founded | 2000 |
| Registered Country/Region | Switzerland |
| Regulation | FSA (Japan), FINMA (Switzerland) |
| Market Instruments | 1,200+, forex, commodities, cryptos, metals, indexes, bonds, stocks, ETFs |
| Demo Account | ✅ |
| Min Deposit | / |
| Max Leverage | 1:200 |
| EUR/USD Spread | Floating around 0.3 pips |
| Trading Platform | JForex, MT4/5, Web Binary Trader system |
| Payment Method | Swift, SEPA, MasterCard, Maestro, Visa, Visa Electron, Skrill, Neteller, Bitcoin, Ethereum, Tether |
| Customer Support | Live chat |
| Tel: +41 22 555 0500 | |
| Fax: +41 22 799 4880 | |
| Regional Restrictions | Belgium, Israel, Russian Federation, Turkey, Canada (including Québec) and the UK |
The Switzerland-based brokerage was founded in 2004 by Dr Andre Duka and his partner, Veronica Duka. It serves retail clients with a license from the Swiss Financial Market Supervisory Authority (FINMA).
Its subsidiary, Dukascopy Europe, caters to the European market under the oversight of the Financial and Capital Market Commission (FCMC).
In 2006, the company launched its banking arm, offering current accounts and credit card services. In 2015, Dukascopy extended its e-banking reach, acquiring Alpari Japan K. K., a bank regulated by the Financial Services Agency of Japan (FSA).
Dukascopy Europe IBS AS is an investment brokerage company which is 100% owned by Swiss Forex bank Dukascopy Bank SA. In accordance with White Label Agreement with Dukascopy Bank SA, Dukascopy Europe provides its clients with access to the Swiss Foreign Exchange Marketplace on the same conditions which are available to the clients of Dukascopy Bank.
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | FSA | Dukascopy Japan K.K. | Retail Forex License | 関東財務局長（金商）第2408号 |
 | FINMA | Dukascopy Bank SA | Financial Service | Unreleased |
When it comes to regulation, Dukascopy Bank operates under the Financial Services Agency, with license number 関東財務局長（金商）第2408号.
Additionally, Dukascopy Bank is also locally regulated by the Swiss Financial Market Supervisory Authority, registered with a Financial Service.
Dukascopy offers trading in 1,200+ trading instruments, including forex, commodities, cryptos, metals, indexes, bonds, stocks, and ETFs.
| Trading Assets | Available |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Metals | ✔ |
| Indexes | ✔ |
| Bonds | ✔ |
| Stocks | ✔ |
| ETFs | ✔ |
| Options | ❌ |
Dukascopy offers a variety of account types to cater to different trading preferences. Traders can choose from forex, CFD, and binary options trading accounts, allowing them to engage in a wide range of financial instruments. The availability of a swap-free account option is beneficial for Islamic traders who adhere to Sharia principles.
Managed accounts with the Percent Allocation Management Module (PAMM) are also available, with positive customer reviews indicating satisfaction with the management services.
Furthermore, Dukascopy provides demo accounts for both forex and binary options trading, enabling traders to practice their strategies and familiarize themselves with the JForex4 and MT4/5 platforms.
Dukascopy offers a maximum leverage of 200:1 (30:1 on weekends) for retail accounts, allowing traders to adjust their leverage levels based on their risk tolerance and trading strategies. The availability of a margin calculator on the broker's website aids traders in effectively managing their positions.
It is important to note that while higher leverage can enhance potential profits, it also increases the risk of significant losses. Traders must exercise caution and use leverage judiciously, as excessive leverage can lead to impulsive decision-making and overtrading. It is crucial for traders to fully understand the risks associated with leverage and make informed decisions to protect their capital.
Dukascopy offers competitive live spreads for popular currency pairs, such as the EUR/USD and USD/JPY, which average around 0.3/0.4 pips. This ensures that traders can access tight spreads, enhancing their trading opportunities.
Additionally, Dukascopy employs a transparent commission structure, with a default commission rate of 0.7 pips. This brings the average total trading cost to approximately one pip, which is in line with other industry providers. The clear breakdown of spreads and commissions allows traders to make informed decisions and accurately assess the costs associated with their trades.
Dukascopy offers a range of trading platforms to suit different trading styles and preferences.
The JForex4 platform is particularly advantageous for technical trading and automated strategies, with features such as cloud storage and VPN services enabling continuous automated trading. The availability of comprehensive historical tick data feed and Python API allows for detailed data analysis.
The MetaTrader4/5 platform, through a third-party bridge, provides access to the widely used MT4/5 system and offers advanced charting tools and economic calendar features.
Additionally, the Web Binary Trader platform offers a user-friendly interface for binary options trading, with one-click trading and predetermined payouts.
Dukascopy offers a variety of deposit and withdrawal methods to cater to the diverse needs of its users. The availability of options such as wire transfers, payment cards, Skrill, Neteller, and cryptocurrencies provides flexibility and convenience for traders. Accepting cryptocurrencies also adds an extra layer of security to transactions.
However, it is important to note that some deposit methods may have certain limitations, such as availability or additional fees.
Additionally, specific processing times for withdrawals are not explicitly stated, which could potentially lead to uncertainty for users. Overall, Dukascopy strives to ensure secure and reliable deposit and withdrawal processes while offering a range of options to accommodate different preferences and requirements.
What financial instruments can I trade with Dukascopy?
Dukascopy offers 1,200+ financial instruments, including forex, commodities, cryptos, metals, indexes, bonds, stocks, and ETFs.
How can I deposit funds into my Dukascopy trading account?
Dukascopy provides multiple deposit options, including wire transfers, payment cards, Skrill, Neteller, and cryptocurrencies.
What trading platforms are available at Dukascopy?
Dukascopy offers JForex4, MetaTrader4/5 (MT4/5), and the Web Binary Trader system for binary options trading.
Is there a demo account available at Dukascopy?
Yes, Dukascopy provides demo accounts for both forex and binary options trading using the JForex4 and MT4/5 platforms.
Clone websites are on the rise: Dukascopy issues fresh alert naming 18 fake domains. Find out how to detect and avoid these scams.
Dukascopy announces EOS/USD trading removal amid liquidity concerns. The cryptocurrency trading change will affect clients starting June 2025.
Dukascopy adds 303 trading instruments to JForex, offering diverse forex, crypto, and precious metal pairs for enhanced trading.
Dukascopy warns about fraudulent websites impersonating its brand to scam investors. Learn how to protect yourself from growing clone scams in online trading.
Dukascopy adds 31 ETFs to JForex, including AI, Cybersecurity, Crypto, and more. Leverage 1:10 at Dukascopy Bank and 1:5 at Dukascopy Europe.
Dukascopy Bank now offers AED and SAR as base currencies for trading, expanding options for clients to fund accounts in Dirham and Riyal.
From my experience, Dukascopy Bank offers a range of pros and cons that I always weigh before making a decision. Pros: One of the major advantages for me is their wide range of trading instruments, with over 1,200 assets available. These include forex, commodities, cryptos, metals, and even stocks and ETFs. This wide range of assets means I have the flexibility to diversify my portfolio and explore different markets. The spreads are tight, especially on major pairs like EUR/USD, with an average of 0.3 pips, which lowers my overall trading costs. Another pro is the availability of several advanced platforms, including JForex4, MT4, and MT5, catering to different trading styles, whether I prefer technical analysis or automated strategies. Cons: For me, the regional restrictions are a downside, as Dukascopy doesn’t accept traders from certain countries like the US, Israel, and Canada. The inactivity fee of 3% or $25 is another downside for me. If I decide to take a break from trading, I’d incur this fee, which feels like an extra charge for not being active. Additionally, while the commission of 0.7 pips is competitive, it still adds to the cost of trading, especially for high-frequency traders.
Dukascopy Bank offers leverage up to 1:200, which I find to be sufficient for most retail traders. This leverage level allows me to manage my trades with a reasonable amount of risk, but I’m always cautious about using higher leverage since it can magnify both profits and losses. For me, the ability to adjust leverage based on my risk tolerance is important, especially for more volatile assets like cryptos. The leverage offered by Dukascopy strikes a good balance between potential profits and risk management, making it a flexible option for various trading strategies.
Dukascopy withdrawal fees are relatively low, and I didn’t experience any significant charges when I withdrew funds. There are no fees for most methods like Skrill, Neteller, and cryptocurrency withdrawals. However, wire transfers may incur a fee, which is standard across most brokers. For me, the ability to withdraw funds using cryptocurrencies or e-wallets is very appealing because it allows for faster withdrawals with no extra fees. The flexibility in withdrawal options makes Dukascopy an excellent choice for me when I need quick and cost-effective access to my funds.
Dukascopy Bank supports a wide range of deposit methods, including SWIFT, SEPA, MasterCard, Visa, Skrill, Neteller, and cryptocurrencies. For me, the option to deposit funds using cryptocurrencies is a standout feature, as it’s faster and more secure than traditional payment methods. I also appreciate the ability to deposit using Skrill or Neteller, which are e-wallet services that provide quick and low-cost transactions. The availability of these multiple options makes it easy for me to choose the method that best fits my needs.
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ALIQAYS
Iraq
I deposited an amount and it was not approved. I waited more than a week. The support does not provide any accurate information regarding the deposit. I send proof of the deposit and the request is not approved after the amount was withdrawn to the account. Now I am trying I contacted support and got no answer
Exposure
La86151
Hong Kong
He accused me of scamming him, and asked the fake platform to block my account. Later, the platform disappeared, unable to withdraw funds, and took my photos and videos, forcing me to repay. He even claimed to have a woman.
Exposure
FX5721867832
Hong Kong
The customer service rejected withdrawal for many reasons and asked for taxes. I lost about 70000.
Exposure
Aderwar
Turkey
Dukascopy Bank is a great choice for traders who want access to a wide range of tradable assets. They offer a diverse portfolio, making it easy to diversify your investments. Plus, their minimum deposit is very reasonable, making it accessible to traders of all levels.
Positive
Sok Chan
Cambodia
Been with these guys for years - hands down the best forex broker I've ever used. Never had any issues, no matter your trading style - scalping, news, spikes, you name it. Here's the kicker: you make money, it goes straight to your real, Swiss bank account. None of that shady stuff. Even if something goes wrong, your own account manager jumps in to help. Seriously, five-star service all around!⭐⭐⭐⭐⭐
Positive
Anas FX
Cyprus
When it came to the spread and commission 'bishops', Dukascopy played a strong game. Trading the classic EUR/USD pair, I observed the spreads consistently lining up within a comfortable range of 0.7-1.0 pips during high-liquidity hours. A memorable move in my trading game was when Dukascopy's accurate trading signals spotted a winning opportunity with a bearish shift in the AUD/JPY pair. Their swift order execution allowed me to lock a short position, turning the tide in my favor!
Positive
Brewster108
Singapore
customer service here might not exactly match the "24/7 support" offered by some other banks, but the quality and speed of their responses more than make up for it. In a field where problems can crop up for any number of reasons, having the certainty that a competent support network is on standby is a great reassurance.
Positive
源3119
Belarus
I lost connection when logging into my Dukkascopy account frequently, but the support staff did not give me any solutions all the time. I guess they only care about themselves.
Neutral
FX1200429457
Colombia
I think this Dukascopy is nothing more than a scammer under the banner of the so-called forex broker... I see that some people have already been scammed.
Positive
A汇丰名慕陶瓷--钟洋15520993535
Hong Kong
The website of this company looks quite serious, but I saw his real side on wikifx-a complete foreign exchange liar! If you want to withdraw money, you have to pay a high amount of funds to withdraw it... What is the difference between this and stealing money? ?
Neutral
FX1059301772
Australia
I made two orders, but the stop losses were only activated when the losses were 2 times and 6 times from the original stop losses. Making my losses from 1% to 10% of my capital each trade. I contacted the customer support team and they informed that there was high volatility which caused price slippage.
Neutral
Kyle Loh
Malaysia
It required many fees($50000, $38881 and $40000) before withdrawal.
Exposure
Kyle Loh
Malaysia
The platform customer service said that my bank card information was incorrectly filled, and I needed to pay a deposit of up to RMB 50,000 in order to have the opportunity to modify the wrong information and reapply for withdrawal.In order to get the money back in the account as soon as possible, I had to do it. Unexpectedly, after paying this sky-high margin, the withdrawal was still rejected by the platform, and even the account was maliciously frozen.
Exposure
_Dan_
Hong Kong
I’ve been cheated of hundreds of thousands and called the police. But there is still now news.
Exposure
多动症少女
Hong Kong
First, I said that I entered the wrong card number, the second step is to increase my credit score, the third step is to pay personal income tax for large withdrawals, and the fourth step is to transfer foreign banks to pay deposits.
Exposure
FX1457371977
Hong Kong
I paid all kinds of fees, but I still couldn’t withdraw, and the customer service directly blocked me. It’s a fraud gang that committed the crime.
Exposure
124
Hong Kong
Do not be cheated
Exposure
♀浔忍
Hong Kong
It's a scam. Don't allow my withdrawals with various reasons. In the end, my application was approved. But they won't help me consult the process unless I opened the exclusive channel. It take 36 hours since my application was approved. But the withdrawal hasn't been to my bank account.
Exposure
勿忘心安58302
Hong Kong
Don’t allow me to withdraw funds with various reasons. And they set traps for me. If I have any question, the customer service just told me to “operate according to the instruction”
Exposure
FX2570086934
United States
I opened a trading account with Dukascopy following an advert I saw on the internet on 2nd December 2020. The account promised easy trading for investors with investors able to withdraw their funds online easily whenever required.I funded the account with 25000.All transactions were paid for with my Visa debit card. The account manager from Dukascopy (his name Adrian Rask) continuously applied pressure on me over many weeks to continue to fund the account with the promise of better returns. I did this in good faith believing that I was dealing with a decent trading firm On 30th Jan 2021, after being bombarded with calls from the account manager to fund the account, I made a withdrawal request and decided to cease trading with this platform.They gave series of flimsy excuses as to why my withdrawal cannot be processed. After several failed attmept i resorted to filing a charge back with Assetspoor(assetspoor . tech) Big ups, i got my lost funds and they are very professional and efficient. The activities of Dukascopy must be stopped at all costs, they put people in bad situations.
Exposure