Overall Rating: ★★★★☆ (4.2/5.0)

Dukascopy is a Swiss-based bank and brokerage, offering professional-grade trading services through its ECN liquidity model, advanced JForex platform, and institutional-level security. Founded in 2004 and regulated by the Swiss Financial Market Supervisory Authority (FINMA), Dukascopy caters to both retail and institutional traders with access to forex, CFDs, binary options, crypto, and staking services. This Dukascopy review explores its robust platform, pricing, regulation, and whether it suits your trading needs.

Key Features

Dukascopy delivers deep liquidity and precision execution, ideal for experienced traders and institutions.

• Platforms Supported:
  • JForex 4 (proprietary) – Advanced charting, built-in strategy builder, and algorithmic trading
  • MetaTrader 4 (MT4) – Available via bridge, limited to FX and precious metals
  • Mobile and Web Apps – Fully featured, including JForex mobile and Dukascopy Connect
• Assets Available:
  • 60+ forex pairs, indices, commodities, cryptocurrencies, stocks, and ETFs
• Account Types:
  • Standard ECN accounts, Multi-Currency Accounts (MCA), and Islamic accounts
• Crypto Integration:
  • Direct crypto trading and blockchain-based accounts (Dukascopy Coin – DUK+)

Regulation and Security

Dukascopy is one of the most heavily regulated brokers globally, operating under a banking licence.

• FINMA-Regulated – Licensed as both a bank and securities dealer
• EU Regulation – Dukascopy Europe regulated by Latvian FCMC
• FSCS Equivalent Protection – Clients’ funds insured up to CHF 100,000 under Swiss deposit guarantee
• Client Fund Segregation: Mandatory under Swiss banking law
• Negative Balance Protection: Not explicitly guaranteed but rare due to ECN model and margin enforcement

Pricing and Costs

Dukascopy’s ECN pricing model offers transparent, volume-based commissions with tight raw spreads.

• Spreads:
  • Forex: From 0.1 pips (typical EUR/USD 0.2–0.3 pips)
• Commission:
  • Starts from $3.5 per $100K traded per side, discounts available for higher volume
• Minimum Deposit:
  • $100 for retail accounts
  • Higher minimums for managed or institutional accounts
• Deposit & Withdrawal Fees:
  • Fees vary by method – card, crypto, and bank wire supported
• Inactivity Fee: CHF 40 after 12 months of dormancy

Educational Resources and Customer Support

Dukascopy provides advanced learning materials and multilingual support for professional clients.

• Education:
  • JForex tutorials, strategy builders, algorithmic trading guides
  • Video courses and webinars available in multiple languages
• Market Research:
  • Daily reports, economic calendar, and Dukascopy TV (live market coverage)
• Customer Support:
  • 24/6 multilingual support via chat, email, and phone
  • Offices in Geneva, Riga, Kyiv, Dubai, and Hong Kong

Risk Management Tools

Risk management at Dukascopy is customisable and integrated into its ECN and platform model.

• Order Types:
  • Stop-loss, take-profit, trailing stops, OCO, and conditional orders
• Leverage:
  • Up to 1:30 in the EU/Switzerland (per ESMA and FINMA rules)
  • Up to 1:200 available offshore via Dukascopy Global
• Advanced Features:
  • Built-in strategy tester, visual algorithm builder, and VPS hosting

Pros and Cons

Pros

• FINMA-regulated Swiss bank with strong global reputation
• JForex platform ideal for professional and algo traders
• True ECN execution with ultra-tight spreads
• Supports crypto funding and direct crypto trading
• Multi-currency accounts and staking options

Cons

• MT4 access limited and bridged only
• Not beginner-friendly – advanced UI and commission model
• Inactivity fees after 12 months
• No copy trading or social features natively

Conclusion: Is Dukascopy the Right Choice?

Dukascopy is one of the most secure and transparent brokers available, with Swiss banking regulation, ECN execution, and advanced platform technology. It’s best suited for experienced traders, algo developers, and institutions seeking reliability, liquidity, and control.

If you prioritise regulation, deep liquidity, and professional trading tools, Dukascopy is among the most trusted and capable brokers in the industry.