Dukascopy Review

Dukascopy Logo

Dukascopy is a Swiss bank that offers online brokerage services in forex and CFDs. Founded in 2004, the company is headquartered in Geneva, Switzerland but has offices in different parts of the world, including Tokyo, Moscow, Kiev, Riga, and Hong Kong. They offer online trading in forex, indices, stocks, ETFs, options, bonds, commodities, and cryptocurrencies through their advanced JForex platform and the MetaTrader 4 trading platform. They provide direct market access (DMA) and quality trading conditions, such as low spreads and good execution speeds, along with helpful trading tools, analysis, and research.

Dukascopy Review - Awards
Dukascopy Review – Awards

Dukascopy Review Introduction

In this Dukascopy review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Dukascopy.

Dukascopy Platforms & Tools

The broker offers the following trading platforms:

  • JForex Trading Platform: An advanced trading platform developed by the broker, the JForex platform was built with Java language and is available as a web trading terminal, desktop applications for Mac and Windows computers, and mobile apps for Android and iOS devices.
  • MetaTrader 4 (MT4): MT4 is the most popular platform among forex traders, and it comes in web versions that run on Chrome and other browsers, desktop applications for Windows and Mac, and mobile trading apps.
Dukascopy Review - JForex Trading Platform
Dukascopy Review – JForex Trading Platform

Apart from the tools in the platforms, the broker provides the following tools: JForex API, SWFX Sentiment Index, Dukascopy TV, Forex Calculators, FX Market Signals, Economic Calendar, and PAMM Accounts.

Dukascopy Review - JForex Mobile Trader
Dukascopy Review – JForex Mobile Trader

Dukascopy Research & Education

Dukascopy’s website has a wiki section that contains trading articles, and tutorial videos. They cover forex and CFD trading, managed accounts, platform tools and more. The broker also organizes webinars every weekday via their YouTube channel, where they analyze daily market movers and expected price action.

Dukascopy Review - Webinars
Dukascopy Review – Webinars

Dukascopy Trading Accounts

The broker offers the following individual account types:

  • Forex ECN Account: This account type is only available to their European clients, and it has a minimum opening deposit of $100.
  • Forex MT4 Account: The account is for trading forex and CFDs on the MT4 platform. The maximum leverage is 1:100, and it carries a commission of $1 per lot.
  • Binary Options Trading Account: This account type is for digital options traders, and it has no commissions.

Dukascopy Account Funding

Dukascopy accepts a number of account funding and withdrawal methods, including bank wire transfers, Bitcoin, Bank Guarantees, credit/debit cards, and online payment processors like Skrill and Neteller.

Dukascopy Customer Service

The broker’s multi-lingual customer support team operates from different offices and can be reached via telephone, email, or online chat. They’re also the options of “Call back form”, “Send a message”, and “Report an issue form.”

Dukascopy Regulation

The broker is regulated in different jurisdictions. In Switzerland, Dukascopy is licensed as a bank and a broker and is regulated by the Swiss Financial Market Supervisory Authority (FINMA). It is a member of the Swiss Bankers Association.

The Japanese branch is regulated by the Japanese Financial Services Agency (JFSA). Dukascopy is also a member of the International Swap and Derivatives Association (ISDA), which is an organization that promotes high standards and integrity in the derivatives market.

Dukascopy Review Summary

Dukascopy is a bank that offers online brokerage services to retail traders. The broker offers a wide range of tradable instruments via MT4, JForex platform and JForex API with direct market access. They are regulated as a bank and a broker in Switzerland and Japan.

It is worth mentioning that some of the trading products and services in this Dukascopy review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Dukascopy broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Dukascopy

7.1

Spreads

7.0/10

Liquidity

7.0/10

Commissions

6.5/10

Support

7.0/10

Regulation

8.0/10

Features

  • Over 600 tradable assets
  • Powerful trading platforms
  • A good selection of trading tools and educational resources