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Dukascopy Review

  • Regulated by: FINMA & FSA
  • Safety: segregates client funds
  • Trust Rating: D
Open Dukascopy's Website

Losses can exceed deposits. Your capital is at risk.

Dukascopy offer three ways to trade: Forex, CFDs, and Binary options.

To open a live account, you’ll need a minimum deposit of at least $5000. Alternatively, Dukascopy offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . Dukascopy puts all client funds in a segregated bank account and uses tier-1 banks for this. Dukascopy have been established since 1998, and have a head office in Switzerland.

Before we dive into some of the more detailed aspects of Dukascopy’s spreads, fees, platforms and trading features, you may want to open Dukascopy‘s website in a new tab by clicking the button below in order to see the latest information directly from Dukascopy.

Open a demo account Visit Dukascopy

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 1998
  • Regulated by FINMA & FSA
  • Min. deposit from $ 5000

CONS

What are Dukascopy's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on Dukascopy’s website. The colour bars show how competitive Dukascopy’s spreads are in comparison to other popular brokers featured on BrokerNotes.

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

Dukascopy AvaTrade Plus500
Spread from: $1.00 $7.00 $10.00
Typical overnight fee: $7.10 $5.00 $9.40
Commission: 10 0 0
Total cost of a 100k trade: $18.1 $12 $19.4
+$6.1 saving +$1.30 more
Visit Dukascopy Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • Dukascopy does charge inactivity fees
  • Dukascopy doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$7.10
  • the roll over fee for short positions on EUR/USD is $6.4

Commissions

  • Dukascopy does charge commission on CFD shares

What instruments can you trade with Dukascopy?

FX / Currencies Dukascopy AvaTrade Plus500
# of forex pairs offered 59 61
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Dukascopy AvaTrade Plus500
# of commodities offered 16 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Dukascopy AvaTrade Plus500
# of Stocks offered 99 1816
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Dukascopy's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the Dukascopy trading experience like?

1) Platforms and apps

Dukascopy offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Dukascopy Screenshot See Dukascopy's Platforms

Dukascopy also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See Dukascopy's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Dukascopy allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As Dukascopy offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Dukascopy offer margin up to 0.01% on currencies.

Finally, we‘ve listed some of the popular funding methods that Dukascopy offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer

3) Client support

Dukascopy support a wide range of languages including Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish

Dukascopy have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

CFDs are leveraged products and can result in the loss of your capital. All information collected from https://www.dukascopy.com/ on November 21, 2017.