Dukascopy Review

 

Dukascopy is a Swiss-based Forex and CFD broker known for its strong regulatory framework, advanced trading technology, and competitive pricing. Catering to both retail and institutional traders, it has a reputation for transparency and reliability, standing out as a broker that blends innovation with the security of Swiss banking standards.

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

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Frequently Asked Questions

 

Is Dukascopy a safe broker to trade with?

Yes, Dukascopy is considered highly secure because it is regulated by 🇨🇭 Switzerland’s FINMA as both a bank and a securities firm. Additionally, it operates licensed subsidiaries in 🇱🇻 Latvia and 🇯🇵 Japan, ensuring compliance across multiple financial jurisdictions and reinforcing its global trustworthiness.

 

What makes Dukascopy different from other brokers?

Dukascopy stands out with its Swiss FX Marketplace, an ECN trading environment that connects clients directly with liquidity providers. This means no dealing desk, no requotes, and consistently tight spreads. Moreover, its JForex platform offers advanced tools, automation, and a robust environment suited to both retail and institutional traders.

 

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Trading Fees

Dukascopy offers a competitive, commission-based pricing structure with volume discounts that reward active traders. Traders using the proprietary JForex platform enjoy slightly lower costs than MT4/MT5 users. While fees for Forex, commodities, metals, indices, and cryptocurrencies are transparent, additional service fees such as inactivity and conversion charges, may apply.

 

 

Frequently Asked Questions

 

How much does it cost to trade major Forex pairs at Dukascopy?

Trading EUR/USD costs around 0.2 pips with a $7.00 commission per standard lot on JForex, totaling approximately $9.00. MT4/MT5 users pay slightly higher fees at 0.2 pips and $8.00 commission per lot. GBP/USD costs average 0.8 pips or $8.00 per lot.

 

Are there extra fees for commodities, metals, or Islamic accounts?

Yes, commodities and metals start at $10.50 per $100,000 and decrease with trading volume. Swap-free Islamic accounts incur fixed fees: $0.50 per 100,000 units for Forex and $0.75 for precious metals. Additional fees include maintenance, bank guarantees, and currency conversion charges.

 

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Minimum Deposit and Account Types

Dukascopy provides six main account types for retail and managed trading: JForex (ECN), MT4, MT5, Managed, LP PAMM, and binary options. Each account type supports different base currencies and trading conditions, while demo accounts and swap-free Islamic options give traders flexibility to learn and trade responsibly.

 

 

Frequently Asked Questions

 

What account types does Dukascopy offer for retail traders?

Dukascopy supports JForex (ECN), MT4, MT5, binary options, Managed, and LP PAMM accounts. Each account type has specific base currencies, deposit requirements, and trading conditions. Retail traders can also access demo accounts for all platforms except LP PAMM to practice risk-free.

 

Can traders open a demo or Islamic account at Dukascopy?

Yes, demo accounts are available for JForex, MT4, MT5, binaries, and managed accounts. Swap-free Islamic accounts are offered across account types. Demo accounts allow traders to set base currency, balance, and leverage up to 1:200 without verification, providing an educational experience.

 

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Safety and Security

Dukascopy is a fully regulated broker with a Swiss banking license and a clean track record. Its operations in 🇨🇭Switzerland, 🇯🇵Japan, and 🇱🇻Latvia are supervised by top-tier regulators, ensuring client fund segregation, negative balance protection, and deposit safeguards. Audits and compliance measures reinforce its credibility for retail and institutional traders.

 

 

Frequently Asked Questions

 

Is Dukascopy a safe and legitimate broker?

Yes, Dukascopy has operated since 2004 without verifiable misconduct. It is regulated in 🇨🇭Switzerland (FINMA), 🇯🇵Japan (JFSA), and 🇱🇻Latvia, with capital requirements, negative balance protection, and segregated client funds, making it a safe option for retail and professional traders.

 

What security measures does Dukascopy implement for clients?

Dukascopy segregates client deposits from corporate funds, offers deposit protection up to CHF 100,000, and maintains regulated capital of approximately CHF 40,000,000. Regular external audits by KPMG and compliance with strict Swiss banking laws ensure strong protection against fraud and malpractice.

 

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Trading Platforms and Tools

Dukascopy offers a range of trading platforms, including JForex, MT4, MT5, and mobile apps. Its proprietary JForex platform provides advanced tools for algorithmic trading, back-testing, and charting. While MT4 and MT5 are supported, trading fees are slightly higher, encouraging traders to use JForex for full functionality and lower costs.

 

 

Frequently Asked Questions

 

Which trading platforms are available at Dukascopy?

Dukascopy supports its proprietary JForex platform, MT4, MT5, and mobile apps for iOS and Android. JForex offers algorithmic trading, back-testing, advanced charting, and multi-asset support, while MT4 and MT5 allow customization with indicators, templates, and expert advisors.

 

What unique features does JForex offer?

JForex supports 1,200+ assets across eight classes, real-time Level 2 quotes, algorithmic trading via Visual Strategy Builder, 10+ order types, tick-by-tick price history, and chart trading. It also offers gold-denominated accounts and cryptocurrency collateral borrowing for BTC and ETH, providing additional flexibility for traders.

 

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

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Deposits and Withdrawals

Dukascopy provides a secure trader’s cabinet for all deposits and withdrawals. Verified clients benefit from transparent processes with minimal fees. While internal transfers, wire deposits, and crypto deposits are free, currency conversions and third-party processing may incur charges. Processing times are fast, typically within 48 hours.

 

 

Frequently Asked Questions

 

What are the minimum deposit requirements at Dukascopy?

The minimum deposit is $100. Dukascopy accepts multiple currencies, including AUD, USD, CHF, EUR, GBP, CAD, JPY, and more. SEPA transfers are in EUR only, and credit or debit card deposits have a single transaction limit of $18,000.

 

How long do withdrawals take at Dukascopy, and are there any fees?

Withdrawals are processed within 48 hours by Dukascopy’s finance department. While most internal transfers, wire transfers, and crypto deposits are free, currency conversion fees range from 0.05% to 1.00%, and third-party processing fees may apply depending on the payment method and location.

 

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Customer Reviews and Trust Scores

Dukascopy Bank has received mixed reviews across various platforms. While some clients praise its trading tools and platform stability, others have raised concerns about customer support responsiveness and withdrawal processes. The bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA), which adds a layer of credibility.

 

 

While Dukascopy offers a robust platform, potential clients should be aware of the mixed reviews and consider their individual needs before engaging.

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Discussions and Forums about Dukascopy

Online forums like Reddit and Forex Factory feature discussions about Dukascopy. Users often highlight the bank’s Swiss regulation and multicurrency IBAN offerings. However, some express concerns about transaction limits and currency exchange rates.

 

 

Engaging with these forums can provide a broader perspective on Dukascopy’s services and help potential clients make informed decisions.

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

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Employee Overview of Working for Dukascopy

Employee reviews suggest a dynamic work environment at Dukascopy. While some appreciate the innovative culture, others point out areas for improvement in management and work-life balance.

 

 

Prospective employees should weigh the positive aspects against the areas for improvement to determine if Dukascopy aligns with their career aspirations.

 

★★★

Minimum Deposit: $100 Regulated by: FINMA, FCMC, JFSA Crypto: Yes

Get startedRead Review

 

Pros and Cons

 

✓ Pros	✕ Cons
Regulated by FINMA	Mixed customer support feedback
Multicurrency IBAN offered	Transaction limits may apply
Innovative trading platform	Currency exchange rates may vary
Opportunities for career growth	Limited training programs
Competitive salaries	Inconsistent bonus structures

 

References:

 

• About Us
• Account Fees
• Loyalty Programs

 

In Conclusion

Dukascopy maintains a global presence with both full-fledged offices and representative locations:

 

• 🇨🇭 Switzerland (Geneva)
• 🇱🇻 Latvia (Riga)
• 🇭🇰 Hong Kong
• 🇯🇵 Japan (Tokyo)
• 🇦🇪 United Arab Emirates (Dubai)
• 🇷🇺 Russia (Moscow)
• 🇺🇦 Ukraine
• 🇲🇾 Malaysia (Kuala Lumpur)
• 🇨🇳 China (Shanghai)

 

Dukascopy provides multilingual customer support available 24/7 through live chat, email, phone, and callback requests. Their support is designed to serve clients globally, backed by their international office network and online infrastructure.

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