Dukascopy Review

Why choose Dukascopy

Swiss-based broker known for its transparency, competitive spreads, and advanced trading platforms.

Pros

  • Strong regulatory oversight, diverse asset selection, and robust trading tools.

Cons

  • Higher minimum deposit; inactivity fee after 12 months of dormancy.
Dukascopy

Dukascopy

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Up to CHF 100,000 under the Swiss deposit protection scheme.

Mobile Platform:

Visit Dukascopy

Offers a comprehensive trading environment with competitive fees.

Pros

  • No withdrawal fees; competitive forex spreads starting from 0.1 pips with commissions.

Cons

  • Inactivity fee applies after 12 months; higher minimum deposit may not suit all traders.

Regulated by FINMA; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory framework and security measures, including SSL encryption and segregated client funds.

Cons

  • Higher minimum deposit requirements may not be suitable for all traders.

Dukascopy offers bank transfers, cards, Skrill, Neteller, and cryptocurrencies. Deposits are instant; withdrawals take 1–3 days.

Pros

  • Multiple funding options, fast deposits, supports crypto.

Cons

  • Multiple funding options, fast deposits, supports crypto.

Dukascopy has a secure and efficient digital onboarding process, with document verification within 1–2 days.

Pros

  • Access to international markets with fast verification.

Cons

  • Access to international markets with fast verification.

Dukascopy provides the JForex mobile trading app, offering a comprehensive trading experience with advanced charting and analysis tools.

Pros

  • Advanced charting capabilities, user-friendly interface.

Cons

  • Some users may find the app complex due to its extensive features.

The broker offers the JForex desktop platform, known for its advanced trading tools, automated strategies, and support for various trading instruments.

Pros

  • Robust analytical tools, support for automated trading.

Cons

  • Steeper learning curve for beginners.

Dukascopy offers a wide range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies, providing traders with diverse investment opportunities.

What types of clients can open an account with Dukascopy Bank?

Dukascopy Bank welcomes both individual/private clients and financial institutions, such as banks and investment funds.

What funding methods are available?

Clients can fund their accounts via wire transfer, debit cards (Maestro, Visa Electron), credit cards (MasterCard, Visa), and bank guarantees. Please note that cheques and bank notes are not accepted.

Does Dukascopy have a dealing desk?

No, all trading orders at Dukascopy are executed automatically through Straight-Through Processing (STP). In cases where orders are placed by telephone, they are entered manually into the trading system for automated execution.