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Dukascopy Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity D
Payment A
Spec B
Instrument A
A
D
A
B
A
score 69
Dukascopy
  Regulation 100  
FSA (japan)
FINMA
ESMA
Dubai
  Security 88  
Segregated accounts
Established more than 10 years
  Instrument 91  
Forex
Crypto
Gold
  Platform 44  
MetaTrader 4
  Payment 100  
Credit/debit card
Crypto
Neteller
Skrill
Wire
  Features 100  
PAMM
Bonus
Automated trading
Manage
  Spec 83  
Hedging
Scalping
Fixed Spread

💲 Min Deposit $100

Year Established 1998

💼 Regulation

💡 Min Position 0.001 lot

🌐 Website www.dukascopy.com

🌎 Country SwitzerlandLatviaJapanUnited Arab EmiratesEuropean areaFrance

Max Leverage 1:200

💰 Bonuses

👨‍💻 PAMM

🏆 Trading contests

📁 Segregated accounts

📈 Managed accounts

Dukascopy is a well-established broker since 1998. Dukascopy has headquarters in Switzerland, Latvia, Japan, United Arab Emirates, European area and France. Dukascopy to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FINMA June 15 2010, FCMC (Latvia) May 2011, FSA (Japan) 2408, DFSA (Dubai) F004307 and ESMA.


Extensive Review

Founded in 2004, Geneva-based Dukascopy Bank offers trading spots, including forex, metals, binary options, CFDs on bonds, commodities, indices, stocks, ETFs, and cryptocurrencies through the same platforms. After the development of the Swiss FX Marketplace, Dukascopy acquired a Swiss banking license in 2010 and launched Dukascopy Bank.

They try to provide trading services based on the following main principles: equal trading rights and a transparent pricing environment. Dukascopy is licensed in Switzerland through the Swiss Financial Market Supervisory Authority (FINMA) and in the EU through the Financial and Capital Market Commission of Latvia (FCMC).

This ECN-Marketplace represents the advanced generation of liquidity aggregators in the industry. Dukascopy has a unique technology to hedge instantly any clients' trades directly with other liquidity providers. The company is currently connected to Bank of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, and other liquidity providers.

All trades are usually executed in milliseconds. Dukascopy offers the deepest source of liquidity in the industry resulting in tight spreads.

Opening an account in Dukascopy would allow you to trade in its proprietary platform called JForex, which can be accessed by desktop and mobile. In desktop experience, traders can get several features including hundreds of indicators, advanced charting, historical testing, real-time news, and embedded customer support.

On the other hand, customization is weak as there are no pop-out charts or built-in complex desktops and watchlists. The web version of the Java-based software triggers security warnings in Chrome and other browsers, while JForex mobile versions allow easy syncing between platforms.

Not only JForex, trading in Dukascopy also offers access to MetaTrader 4 platform that is appreciated by many traders around the world. It has main features such as expert advisors and customizable templates.

Furthermore, Dukascopy provides two types of accounts including Mobile Current Account (MCA) and Standard Current Account (SCA). For private use, traders can choose both account types. But for business use, SCA is more suitable. The minimum acceptable order size is 1,000 units of the primary currency.

Depending on Dukascopy services used by the clients, commissions may apply. Commissions and spreads are calculated through a declining tier system, with clients categorized by monthly trading volume and net deposit.

Dukascopy has won several awards including Best Forex Trading Apps 2019, Best Platform & Tools 2018, and Best Mobile Trading. Besides, the company also gets awarded as Best Forex Bank 2018 by China (Shenzhen) Forex Expo, Best Forex ECN/STP Broker 2018 by London Forex Show, and Best Provider of Liquidity 2017 by IAFT Awards.

Traders will get multiple ways of funding account, including credit and debit cards, wire transfers, and bank transfers. Each client is protected up to CHF100,000 against the insolvency risk of Dukascopy Bank. However, Dukascopy charges a $20 fee in addition to possible bank or credit card charges for withdrawals.

Dukascopy's clients have the opportunity to get more profit through bonus programs, including Equity Bonus, Discount Program, Experience Sharing, and Anniversary Bonus.

The minimal deposit size of the account with Dukascopy Europe is $100, while the minimum for Dukascopy Bank SA is $1,000. Deposits accepted in 23 currencies. Several additional features are available depending on the clients' profile and the type of account.

Dukascopy Bank provides a wide range of free financial information and other attractive resources through its website, Dukascopy TV online television, Freeserv products, and its active online Dukascopy community that hosts over 130,000 members. Based on the review of their clients, product sections and trading platforms point to limited "how-to" articles and videos about forex, CFD, indices, and cryptocurrency trading venues.

The members of Dukascopy may exchange in several languages on trading experiences, market views, trading strategies, may win prizes in various contests, and freely communicate through advanced and secure chat and video conference systems developed by Dukascopy.

The company provides a 24/6 support team through phone and live chat. Traders also can send questions via email. They maintain active social media portals as well as a dedicated support forum for JForex and automated trading.

Overall, Dukascopy is suitable for the highly experienced and high-volume traders. Higher than average trading costs could undermine beginner and retail accounts, who may have to look elsewhere for building skill levels due to weak educational resources.

Account Information

Apart from the forex demo account, this broker offers Forex ECN Account and Forex MT4. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Dukascopy is up to 1: 200. Meanwhile, you can open an account with a starting capital of $100.

pin

Min Deposit

$100

pin

Max Leverage

1:200

pin

Spread

Variable and Fixed

pin

Commission

$1

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $100

💡 Min Position 0.001 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

💸 Commission

Instruments Traded

Besides lots of currency pair, Dukascopy also offers some instruments you would like to trade on, such as Forex, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Forex ECN Account account, Dukascopy specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Crypto

Crypto
1:3


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission $1

Instruments Traded

Besides lots of currency pair, Dukascopy also offers some instruments you would like to trade on, such as Forex, Gold & silver and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Forex MT4 account, Dukascopy specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:100

Crypto

Crypto
1:2

Payment Methods

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Dukascopy also provides payment with Tether (USDT), Ethereum, Crypto and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Dukascopy offers you MetaTrader 4 and JForex.

Customer Support

Do you have any question or find any trouble related to Dukascopy? If you do, you should reach Dukascopy's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

German
English
Spanish
French
Italian
Japanese
Polish
Portuguese
Russian
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About Dukascopy

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Dukascopy is a good broker for you or not by reviewing the criteria. In general, Dukascopy provides trading service in Forex , CFD , Crypto and Gold & silver . As for the payment methods, you can choose between Skrill, Wire transfer, Credit/debit cards, Neteller, Crypto, Ethereum and Tether (USDT). The customer support is available via Email, Web form, Phone, Callback, Live chat and Forum.


The starting capital in Dukascopy is $100.


Dukascopy is regulated by FINMA June 15 2010, FCMC (Latvia) May 2011, FSA (Japan) 2408, DFSA (Dubai) F004307 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Dukascopy is a brokerage company offering trading services for clients since 1998 with offices in Switzerland, Latvia, Japan, United Arab Emirates, European area and France.



Dukascopy News
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Dukascopy managed to run through the challenging financial markets in 2022. The broker achieved an annual profit above 200 percent.
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Dukascopy warns clients not to be fooled into giving up their identities to potentially deceptive dummy sites.
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Dukascopy warns its clients about the impersonating website operating on behalf of the company's name.
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Dukascopy is expanding its trading offering by including two new indices on the MT4 platform after introducing 28 new stock CFDs.
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Scammers are targeting Dukascopy's crypto traders by impersonating the company's website through the https://www.app-uplow.vip/dist/#/ domain.
Testimonials
France
Eduardo Gonzales
Sep 25 2020
 
OK platform but they need to check it because I... More
Germany
Jasmine C.
Sep 11 2020
 
Jasmine H. This is a user friendly platform. The speed... More
South Africa
Jake Cavanaugh
Sep 11 2020
 
I love the JForex trading platform and find trading a... More
France
Blake
Sep 11 2020
 
Best broker with super convenient JForex platform.It also have it's... More
Australia
Payton89
Sep 11 2020
 
Reports are not informative to get real info about your... More
India
Jocelyn Warren
Sep 11 2020
 
It was always a pleasure trading with dukascopy but didn't... More
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