Dukascopy review 2026

Our review is based on broker disclosures, regulatory records, platform research and available user information checked on 26 August 2026.

Is Dukascopy regulated?

Dukascopy is connected with 3 recorded regulatory licence or licences. The entity relevant to users in Switzerland is Dukascopy Bank SA, reported as regulated by Swiss Financial Market Supervisory Authority under licence number Switzerland.

The broker operates through multiple legal entities. The regulator and protections applying to an account depend on which entity accepts the client, not simply on the broker brand displayed.

Dukascopy holds a tier-one authorisation from FINMA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

FINMA supervises Swiss banks and securities firms, with capital requirements considerably higher than most brokerage regimes.

How safe is Dukascopy?

Client money is held separately from the firm's own money, at Dukascopy Bank SA / regulated banking infrastructure. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Swiss deposit insurance up to CHF 100,000 for eligible deposits; Latvian investor compensation up to 90% of eligible losses capped at €20,000 for Dukascopy Europe clients, which pays eligible clients up to its limit if the firm fails owing client money.

Licence information last checked 26 August 2026

Dukascopy trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

Dukascopy advertises spreads from 0.0 pips on JForex. The stated commission is From approx. $1.75 per side / $3.50 round turn, volume and equity dependent. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Dukascopy lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Spread type

Variable

EUR/USD average spread

Approx. 0.2 pips

GBP/USD average spread

Approx. 0.5 pips

Commission

From approx. $1.75 per side / $3.50 round turn, volume and equity dependent

All-in cost, EUR/USD

Approx. 0.55 pips at lowest commission tier

Leverage and margin

Maximum leverage is reported as 1:100, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

Dukascopy describes its execution model as ECN / agency via SWFX Swiss FX Marketplace. The available information indicates an average execution speed of Approx. 100ms, order types of Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop, bid/offer orders and servers in Geneva with global financial-market connectivity. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

Yes; JForex automated strategies and MT4/MT5 Expert Advisors

Copy trading

Yes, JForex strategy/copy functionality

Negative balance protection

Yes for eligible European retail clients

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

Dukascopy account types

Dukascopy offers 7 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

Dukascopy runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GBP, CHF, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots on MT4/MT5; smaller unit-based sizing available through JForex. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

JForexMT4MT5MCACorporateSwap-FreeDemo

Minimum deposit

$100

Spreads from

0.0 pips

Commission

From approx. $1.75 per side / $3.50 round turn, volume and equity dependent

Maximum leverage

1:100

Platforms

MetaTrader 4, MetaTrader 5, Proprietary platform

Base currencies

USD, EUR, GBP, CHF, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR

Available markets

Forex, Commodities, Indices, Shares, ETFs, Bonds, Cryptocurrency CFDs

Minimum trade size

0.01 lots on MT4/MT5; smaller unit-based sizing available through JForex

Account opening time

Approximately 15 minutes for video identification

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as available. Alternative charges, holding limits or eligibility conditions may apply.

Dukascopy fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.0 pips, but typical pricing may be higher.

The reported trading commission is From approx. $1.75 per side / $3.50 round turn, volume and equity dependent.

Overnight financing applies to eligible positions at rates that can change.

The broker reports bank transfer free; cards 1.5%-2.5%; Skrill 2.5%; Neteller €1 or 2.5%; crypto free for deposits.

The broker reports method-dependent; e.g. €2.30 SEPA, $19 USD bank transfer, cards €1.50 + 2.5%, crypto $30 for withdrawals.

Additional charges include an inactivity fee (Up to $100 annually where applicable).

A currency-conversion charge of Approx. 0.5% may apply.

Spreads from

0.0 pips

Commission

From approx. $1.75 per side / $3.50 round turn, volume and equity dependent

Overnight financing

Both: overnight rollover charged/credited; swap-free accounts available

Deposit fee

Bank transfer free; cards 1.5%-2.5%; Skrill 2.5%; Neteller €1 or 2.5%; crypto free

Withdrawal fee

Method-dependent; e.g. €2.30 SEPA, $19 USD bank transfer, cards €1.50 + 2.5%, crypto $30

Inactivity fee

Up to $100 annually where applicable

Currency conversion

Approx. 0.5%

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

Dukascopy supports MetaTrader 4, MetaTrader 5 and Proprietary platform. Availability can differ by account and legal entity.

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

MetaTrader 4MetaTrader 5Proprietary platform

Proprietary platform

Yes, JForex

Web platform

Yes

Mobile app

Both proprietary and third-party

Charting

250+ JForex indicators; 50+ MT4 tools/indicators; MT5 indicators and custom tools

Third-party tools

MetaTrader 4, MetaTrader 5

Server locations

Geneva with global financial-market connectivity

Automated and copy trading

The broker reports support for expert advisers and automated strategies, copy trading and API access. Automated strategies can fail, amplify losses or behave differently under changing market conditions.

The platform range is broad. Its main advantage is support for MetaTrader 4; the principal limitation is the absence of cTrader and TradingView.

Markets available through Dukascopy

The broker reports access to 25,000+ instruments across forex, commodities, indices, shares, eTFs, bonds and cryptocurrency CFDs. Product availability depends on the account entity and platform.

Leverage up to 1:100 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

The product range is strongest for forex, commodities and indices. Traders seeking metals may need another broker.

ForexCommoditiesIndicesSharesETFsBondsCryptocurrency CFDs

Markets, as published

Forex, Cryptocurrencies, Indices, Stocks, Bonds, Energy, Commodities, ETFs

Total instruments

25,000+

Currency pairs

60+

Cryptocurrency CFDs

Yes

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Bank transfer, Visa/Mastercard, Apple Pay, Skrill, Neteller, Bitcoin, Ethereum, Tether. Processing times, limits, fees and availability vary by country, currency and account entity.

Withdrawals are stated at Typically same day processing; bank/card settlement may take 1-5 business days, against Cards/e-wallets generally instant; crypto after blockchain confirmation; bank transfer typically 1-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, visa/mastercard, skrill, neteller, bitcoin, ethereum, tether. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is No general minimum - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

Deposit methods

Bank transfer, Visa/Mastercard, Apple Pay, Skrill, Neteller, Bitcoin, Ethereum, Tether

Withdrawal methods

Bank transfer, Visa/Mastercard, Skrill, Neteller, Bitcoin, Ethereum, Tether

Deposit time

Cards/e-wallets generally instant; crypto after blockchain confirmation; bank transfer typically 1-3 business days

Withdrawal time

Typically same day processing; bank/card settlement may take 1-5 business days

Deposit fee

Bank transfer free; cards 1.5%-2.5%; Skrill 2.5%; Neteller €1 or 2.5%; crypto free

Withdrawal fee

Method-dependent; e.g. €2.30 SEPA, $19 USD bank transfer, cards €1.50 + 2.5%, crypto $30

Minimum withdrawal

No general minimum

Local payment methods

SEPA; SIX/Swiss bank transfers and international bank transfer networks

View withdrawal complaints about Dukascopy

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

Dukascopy provides support through Live chat, email, phone, platform support chat during 24/5 trading support. Supported languages include Multilingual.

Support runs 24/5 trading support. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone, platform support chat. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: webinars, platform tutorials, trading articles, videos, seminars and educational resources. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Support channels

Live chat, email, phone, platform support chat

Support hours

24/5 trading support

Languages

Multilingual

Telephone

+41 22 799 48 48

Email

support@dukascopy.com

Live chat response

Typically under 2 minutes

Research and market analysis

Extensive: Dukascopy TV, market news, technical analysis, sentiment tools, market forecasts and research

Education

Extensive: webinars, platform tutorials, trading articles, videos, seminars and educational resources

Is Dukascopy a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

Dukascopy is best considered by

• Traders who want a tier-one licence behind the account
• Traders who want raw spreads with a commission
• Traders who want copy trading
• Traders who want automated strategies
• Traders who want MetaTrader

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