Dukascopy is licensed by three Tier-1 Regulators (highly trusted), zero Tier-2 Regulators (trusted), zero Tier-3 Regulators (average risk), and zero Tier-4 Regulators (high risk). They offer three retail trading accounts: ECN, MetaTrader 4, and MetaTrader 5. 

Dukascopy Review – 13 key points quick overview:

1. ☑️Overview
2. ☑️At a Glance 
3. ☑️Dukascopy Account Types 
4. ☑️How to Open A Dukascopy Account 
5. ☑️Dukascopy Deposit & Withdrawal 
6. ☑️Trading Instruments 
7. ☑️Dukascopy Trading Platforms 
8. ☑️Spreads and Fees 
9. ☑️Leverage and Margin 
10. ☑️Educational Resources 
11. ☑️Pros & Cons 
12. ☑️Security Measures 
13. ☑️Conclusion 

Overview

Furthermore, the broker is a Swiss-based online bank that specializes in online and mobile trading, banking, and financial services. Established in 2004, it is regulated by the Swiss Financial Market Supervisory Authority (FINMA) to ensure high security and customer protection.

Additionally, the bank created its own JForex trading platform, known for its speed, customization, and automated trading features. Over time, it expanded its platform offerings to include MetaTrader 4 and MT5 platforms. Moreover, the bank also provides multi-currency accounts and cryptocurrency services. They have received numerous industry awards for their innovation and customer satisfaction.

Where are the Dukascopy offices located?

They have offices in Europe, Asia, and the Middle East, providing worldwide access to its services.

What trading services does Dukascopy offer?

The broker has provided online and mobile trading, banking, and financial services.

At a Glance

Dukascopy Account Types 

ECN Account 

Additionally, the broker offers an ECN account for traders, providing transparent trading conditions and ample liquidity. It allows trading on JForex with changeable spreads starting at 0.1 pips for EUR/USD. Moreover, the minimum initial balance is $100 for Europe and $1,000 for Bank SA, and the maximum leverage is 1:200.

MetaTrader 4 Account 

Furthermore, this account is designed for forex and CFD traders using the MetaTrader 4 platform, supporting multiple base currencies and reducing translation costs.

MetaTrader 5 Account 

Additionally, the MetaTrader 5 Account offers a flexible platform for trading forex, commodities, and other financial products. It provides market depth and support for various trading techniques, allowing traders to execute their plans successfully. Moreover, the account is accessible via desktop, web, or mobile devices, catering to traders of all levels with tight spreads, fees, and reliable execution.

Demo Account 

Furthermore, the broker provides demo accounts with virtual balances of up to $1 million on platforms like JForex and MetaTrader 4.

Islamic Account 

Moreover, the Islamic Account caters to traders adhering to Islamic principles, allowing them to trade assets like Forex and precious metals without overnight swap fees. Additionally, the account complies with Shariah law and charges extra costs to avoid misuse. Its transparent deficit calculation ensures fairness, promoting inclusion and accessibility for all traders.

What is the leverage available on Dukascopy accounts?

They offer leverage of up to 1:200 on all of its trading accounts.

Does Dukascopy provide demo accounts?

Additionally, Dukascopy’s MetaTrader 5 offers a comprehensive trading platform for traders, allowing access to various financial markets, improved charting, technical indicators, and longer market analysis periods. Moreover, its robust MQL5 programming environment enables algorithmic trading, economic calendar integration, and improved analytical tools.
 

How To Open a Dukascopy Account 

To register an account, follow these steps:

Step 1 – Navigate to the Dukascopy website.

Select the link ‘live trading Account’ to register for the Dukascopy account.

Step 2 – Complete a simple online registration form.

Complete the Dukascopy online registration form by filling out your name, surname, email address, and telephone number.

Step 3 –  Verify your email address.

You will get the instructions to verify your identity via email or you opt for video identification, which takes around 15 minutes with the help of the Dukascopy Connect app on your mobile device.

Step 4 – Download the Dukascopy trading platform.

Start trading on the Dukascopy live account.

How long does it take for Dukascopy to approve an account?

The account approval process typically takes a few days for personnel to assess your application.

What languages are supported for account registration?

They support multiple languages for account registration, including English, German, Spanish, Italian, Arabic, and others.
 

Dukascopy Deposit & Withdrawal 

Deposits Methods:

Bank Wire

✅Log into your account and go to the “Deposits” or “Funding” section. 

✅Select “Bank Wire Transfer” as your preferred method. 

✅Choose the currency and amount you want to deposit. 

✅Examine the bank account information given.

✅Visit your bank’s branch or use the online banking interface. Use the given bank account information to initiate a wire transfer. Make sure you provide the unique reference number. Allow a few working days for processing.

Credit or Debit Card

✅Log into your account and navigate to the “Deposits” area. 

✅Choose your payment preference. 

✅Enter the deposit amount and your credit card information.

✅Check the transaction details to ensure they are accurate. 

✅Submit a deposit request. Dukascopy should credit the payments very instantaneously, and you will get confirmation. 

Cryptocurrency Wallets

✅Log into your account and navigate to the “Deposits” section. 

✅Choose the cryptocurrency you want to deposit.

✅Create a deposit address. Dukascopy will generate a unique wallet address for your deposit. 

✅Access your external cryptocurrency wallet, which stores your crypto holdings. 

✅Enter the provided address as the destination and the number of cryptocurrencies you want to transfer. 

✅Double-check the location and the amount. Crypto transactions are irreversible. 

✅Confirm the transfer from your external wallet. Check your account for credited funds. 

e-Wallets or Payment Gateways

✅Log into your Dukascopy account and navigate to the “Deposits” area. 

✅If you are connecting your e-wallet account for the first time, follow the steps. Typically, this entails forwarding you to the e-wallet provider’s website to approve the connection. 

✅Enter the amount to deposit and any necessary e-wallet account information. 

✅Confirm the transaction. Depending on your e-wallet, you may be transferred to their website to complete the permission. Funds should arrive in your Dukascopy account immediately. 

Withdrawals Methods:

Bank Wire

✅Access your account and go to the “Withdrawals” section. 

✅Provide your entire bank information. This comprises the beneficiary name (your name), IBAN, SWIFT/BIC code, and maybe your bank’s location. 

✅Review all submitted information for correctness. 

✅Submit a withdrawal request. Dukascopy will handle it within a few business days. 

Credit or Debit Cards

✅Log onto your account and navigate to the “Withdrawals” section. 

✅Choose “Credit/Debit Card”. You may only be able to withdraw to the card you used to make the deposit. 

✅Enter the amount you wish to withdraw and confirm the card information. 

✅Submit your request. Processing time may take several business days. 

Cryptocurrency Wallets

✅Access your account and go to the “Withdrawals” section. 

✅Select the applicable cryptocurrency. 

✅Provide your external crypto wallet address. Double and triple-check for correctness. 

✅Input the amount of currency you want to withdraw. 

✅Submit a withdrawal request. Dukascopy will examine and process the transaction. 

e-Wallets or Payment Gateways

✅Log in to your account and browse the “Withdrawals” section. 

✅Enter the amount you want to withdraw from your account. 

✅Provide any information related to your e-wallet account. This may contain your e-wallet email address or account ID. 

✅Check all of the information you submitted to ensure its correctness. Mistakes might result in processing delays or lost funds. 

✅Submit a withdrawal request. Dukascopy will evaluate and start the procedure. 

Are there any fees for depositing funds into my Dukascopy account?

The broker may charge varying deposit fees based on the payment method and transaction amount.

What withdrawal options are available?

Withdrawal options include bank wire transfers, credit/debit cards, cryptocurrency wallets, and e-wallets or payment gateways.
 

Trading Instruments & Products 

Moreover, in Forex trading, the broker provides trading in 61 currency pairings, granting traders access to major, minor, and exotic currency pairings. This wide range allows for a diverse selection of trading methods and diversification opportunities. Additionally, Dukascopy offers trading opportunities for 13 commodities, enabling traders to participate in various commodity markets.

Furthermore, in Shares trading, Dukascopy provides access to over 1,000 shares from worldwide marketplaces, allowing traders to diversify their portfolios and capitalize on equity market opportunities. Moreover, they offer trading access for 14 worldwide indexes in Indices trading, enabling traders to speculate on the performance of stock market indexes representing different areas and industries.

Furthermore, Dukascopy provides trading for 8 Exchange-Traded Funds (ETFs), offering a wide choice of ETFs encompassing various asset classes and investing themes for portfolio diversification and risk management.

Additionally, the broker offers trading opportunities for three kinds of bonds, allowing traders to easily purchase government and corporate bonds to diversify their investment portfolios with income-generating assets.

Lastly, Dukascopy provides trading for 18 cryptocurrencies, enabling traders to trade prominent cryptocurrencies like Bitcoin, Ethereum, Litecoin, and alternative altcoins and profit from the cryptocurrency market’s volatility and growth potential.

Does Dukascopy provide access to ETF trading?

Yes, the broker offers trading for 8 Exchange-Traded Funds (ETFs), allowing traders to invest in various asset classes and themes.

What types of bonds can I trade with Dukascopy?

They offer trading opportunities for government and corporate bonds, allowing for portfolio diversification with income-generating assets.

Dukascopy Trading Platforms 

JForex 

Moreover, the JForex platform offers a flexible trading environment with charting, technical analysis, and algorithm-based trading. Additionally, it allows traders to access accounts from anywhere, anytime and integrates real-time news feeds for informed decision-making.

MetaTrader 4 

Furthermore, Dukascopy’s MetaTrader 4 is a popular forex and CFD trading platform with a user-friendly design, extensive analytical capabilities, excellent charting, technical indicators, and expert advisor integration. Additionally, it offers a safe, dynamic environment.

MetaTrader 5 

Additionally, Dukascopy’s MetaTrader 5 offers a comprehensive trading platform for traders, allowing access to various financial markets, improved charting, technical indicators, and longer market analysis periods. Moreover, its robust MQL5 programming environment enables algorithmic trading, economic calendar integration, and improved analytical tools.

Is MetaTrader 4 available for trading?

Yes, Dukascopy offers MetaTrader 4, a popular trading platform known for its user-friendly design and extensive analytical capabilities.

Can I access trading platforms on mobile devices?

Additionally, yes, the broker offers mobile trading applications for iOS and Android devices, allowing traders to access their accounts and trade on the go.
 

Spreads and Fees 

Spreads 

Furthermore, the broker charges reasonable spreads on various financial products, providing traders with clear pricing and cost-effective trading options. Additionally, the spreads vary based on the trader’s area and the financial instrument being traded. This allows traders to access global financial markets at a low cost.

Commissions 

Additionally, the broker charges fees for specific trading accounts and transactions based on net deposit, equity, and trading volume. For MetaTrader 4 and MetaTrader 5, there’s a charge of $0.5 per lot or $5 per $1 million traded.  

Overnight Fees 

Furthermore, depending on a client’s trading activity, they charge overnight fees or rollover rates. Moreover, the rollover policy is dynamic, catering to larger trading volume customers. Dukascopy ensures fair treatment and competitive overnight conditions for all customers.

Deposit and Withdrawal Fees 

Moreover, the broker charges varying deposit and withdrawal fees based on payment type and transaction amount. Additionally, they aim to provide fair pricing and fast procedures, catering to customers’ preferences. Furthermore, they offer various payment methods for safe and quick transactions, reducing associated expenses and ensuring a smooth fundraising experience.

Inactivity Fees 

Moreover, the broker charges inactivity fees on inactive accounts to cover the costs of re-establishing contact with users. The company promotes active trading by imposing fees, encouraging frequent activity to avoid penalties, and maximizing the trading experience.

Currency Conversion Fees 

Furthermore, Dukascopy Bank SA charges currency conversion fees for various transactions, including online money exchange, deposits, withdrawals, and internal and external transfers. These fees are adjusted based on the current spot rate, with a fee for each currency pair. Dukascopy provides fair pricing for customers dealing in multiple currencies.

What are the deposit and withdrawal fees?

Moreover, the broker charges varying deposit and withdrawal fees based on the payment method and transaction amount, aiming to provide fair pricing and fast procedures.

Does Dukascopy impose inactivity fees on dormant accounts?

Moreover, they charge inactivity fees on inactive accounts to cover the costs of re-establishing contact with users, with a minimum fee of CHF 500.
 

Leverage and Margin 

Additionally, the broker emphasizes the importance of leverage in trading, limiting the free trading line based on equity and margin. The company provides a maximum permissible leverage ratio for accounts, starting at 1:30 for retail and standard accounts and up to 1:200 for ECN Accounts on JForex.

Moreover, margin maintenance is crucial, computed in real-time based on equity, permissible leverage, and pending orders. Furthermore, they offer two margin modes, Partial Hedge and Total Close, which adjust risk management to specific trading methods.

What are the margin call and cut levels?

Furthermore, margin calls and cut levels are used as protections.

Does Dukascopy offer different margin modes for traders?

Additionally, they offer two margin modes, Partial Hedge and Total Close, which adjust risk management to specific trading methods.
 

Educational Resources 

Additionally, the Introduction to Forex Trading provides a comprehensive understanding of the forex market, including currency pairings, 24-hour operation, worldwide trading sessions, and account setup, ensuring a solid foundation for traders.

Furthermore, the Wiki section is a valuable resource for traders, offering trading tactics, market research techniques, and in-depth explanations of forex trading principles, enhancing market comprehension and trading abilities.

Moreover, Dukascopy TV offers a comprehensive platform for financial news, expert commentary, and in-depth analysis, featuring regular market updates, expert interviews, and instructional sections on trading and investing methods to assist traders in making informed decisions. Additionally, Dukascopy’s video tutorials provide step-by-step instructions for utilizing their trading platforms, tools, and features, aiming to help traders master forex trading and utilize available technology.

Furthermore, the Support Forum is a community-based platform for traders to share experiences, ask questions, and receive assistance from Dukascopy specialists, providing technical solutions, trading insights, and staying updated on market trends. Lastly, Dukascopy hosts regular webinars featuring financial experts discussing market analysis, trading strategies, and risk management, allowing attendees to ask questions and connect with experts.

Are there video tutorials available for Dukascopy’s trading platforms?

Additionally, they offer video tutorials providing step-by-step instructions for using their trading platforms effectively.

Can traders interact with experts through educational resources?

Furthermore, traders can interact with experts through Dukascopy’s support forum and webinars, gaining valuable insights and assistance.
 

Pros & Cons 

Security Measures 

Moreover, the broker uses strict security measures to protect customer assets and guarantee safe trading. As a bank and securities company, it is regulated by FCMC, the Japanese Financial Services Authority, and the Swiss Financial Market Supervisory Authority FINMA. Additionally, the Self-regulation Agreement with Esisuisse, a Swiss bank self-regulatory body, protects customer savings of up to CHF 100,000 per client.

Is Dukascopy a member of any self-regulatory bodies?

Indeed, Dukascopy is a member of Esisuisse, a Swiss bank self-regulatory body, providing capital protection for customer savings of up to CHF 100,000 per client.

What measures does Dukascopy take to manage trading risks?

Furthermore, the broker provides capital protection, slippage management, and dynamic rollover calculations, among other risk management measures, to safeguard clients’ interests and minimize trading risks.
 

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Conclusion 

Furthermore, according to our findings, the broker is a prominent forex and CFD brokerage firm with a robust regulatory framework registered in Switzerland, Latvia, and Japan. Its strict adherence to FINMA, FCMC, and JFSA standards ensures transparency and protection of client money. Additionally, they offer a variety of tradable instruments, including forex, commodities, cryptocurrencies, indices, and Islamic accounts for traders adhering to Sharia standards.