Dukascopy
Dukascopy is a Swiss-based financial institution known for its strong regulatory foundation and bank-level trading infrastructure. It offers access to global markets through advanced platforms designed for precision, depth of liquidity, and transparent execution. The broker emphasizes capital protection, strict compliance standards, and institutional-grade market data. Its operating model appeals to traders who value security, structure, and professional trading conditions. Overall, Dukascopy positions itself as a stability-first provider built for disciplined and technically sophisticated market participation.
Dukascopy is a Swiss broker founded in 2004 that has established itself as a solid option for professional and technically oriented traders who prioritize transparency, direct market execution, and institutional-grade infrastructure. Headquartered in Geneva, the broker operates under the supervision of highly recognized regulatory bodies such as FINMA in Switzerland, FCMC in Latvia, and JFSA in Japan. In addition to its brokerage activities, Dukascopy operates as a banking entity, which provides an additional layer of oversight and financial robustness that sets it apart from most retail CFD brokers.
The broker’s operating model is built around true ECN execution, allowing traders to access interbank pricing with fixed commissions. Orders are routed directly to the market without broker intervention, reinforcing Dukascopy’s positioning as an execution-focused provider rather than a market maker. This structure is particularly relevant for traders who demand price transparency, minimal conflict of interest, and consistent execution quality.
Dukascopy offers three main account types: ECN, MT4, and MT5. All account types are accessible with a minimum deposit starting from USD 100 and allow trading with a maximum leverage of up to 1:200. While this leverage level is moderate compared to offshore brokers, it aligns with Dukascopy’s regulated and risk-controlled operating environment.
The platform offering includes MetaTrader 4, MetaTrader 5, and the proprietary JForex platform. JForex is widely regarded for its advanced analytical capabilities and strong support for automated trading, making it particularly appealing to algorithmic traders and those requiring deep technical control.
Dukascopy’s instrument offering is exclusively based on CFDs, covering forex, equities, commodities, indices, bonds, and ETFs. The broker does not provide access to real assets. Its proposition is clearly oriented toward experienced traders who value execution integrity, fund security, and a sophisticated, regulation-driven trading environment over simplified tools or promotional features.
In line with regulatory requirements, Dukascopy discloses that 74% of retail investor accounts lose money when trading CFDs, underlining the risks associated with leveraged derivative trading.
Regulation and Trust
Dukascopy operates under a robust regulatory framework that includes supervision by FINMA in Switzerland, FCMC in Latvia, and JFSA in Japan. FINMA regulation, in particular, places Dukascopy among the most tightly supervised financial institutions in the trading industry. This level of oversight imposes strict requirements related to capital adequacy, operational conduct, and financial transparency.
In addition to brokerage regulation, Dukascopy’s status as a banking entity significantly strengthens its trust profile. Operating under banking supervision introduces higher standards of governance and financial stability compared to non-bank brokers, offering traders an added level of confidence regarding fund handling and institutional integrity.
The presence of multiple regulators allows Dukascopy to operate internationally while maintaining compliance within each jurisdiction. However, its Swiss regulatory base remains the central pillar of its trust proposition, positioning the broker above the average retail CFD provider in terms of regulatory rigor.
GCC Regulators
Top-tier Global
Other / Offshore
We verify claimed licenses against official registers when possible.
Overall, Dukascopy’s regulatory and institutional structure makes it particularly attractive to traders who place strong emphasis on oversight, transparency, and long-term operational stability.
Costs (Spreads & Fees)
Dukascopy’s pricing model is structured around true ECN execution with interbank spreads and fixed commissions. Rather than embedding costs solely into spreads, the broker separates pricing components, allowing traders to clearly identify execution costs.
Spreads are variable and reflect real market conditions, often remaining competitive during liquid market hours. Commissions are charged on a fixed basis, which may result in higher relative costs for traders operating with low volume but becomes more efficient for those trading larger sizes or higher frequency.
This pricing approach prioritizes transparency over simplicity. Traders are required to understand how spreads and commissions interact, but in return receive direct access to institutional-grade liquidity without dealer intervention.
Values are Dynamic and they are subject to change upon market conditions.
Overall, Dukascopy’s cost structure is best suited to traders who value execution quality and pricing transparency rather than minimal headline costs or commission-free models.
Platforms and Tools
Dukascopy offers a comprehensive platform lineup that includes MetaTrader 4, MetaTrader 5, and its proprietary JForex platform. This combination provides flexibility while maintaining a strong focus on professional trading environments.
JForex is particularly notable for its advanced charting capabilities, depth-of-market tools, and robust support for automated trading strategies. It is widely used by algorithmic traders and those requiring granular control over execution and strategy customization.
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- JForex (Proprietary Platform)
While JForex may be less familiar to traders outside professional circles, it represents a core component of Dukascopy’s value proposition for advanced users seeking sophisticated analytical and automation capabilities.
Assets & Markets
Dukascopy provides access to a broad selection of markets exclusively through CFDs. Available asset classes include forex, equities, indices, commodities, bonds, and ETFs.
All instruments are offered under the CFD format, meaning traders speculate on price movements without acquiring ownership of the underlying assets. The broker does not offer spot equity investment or real asset custody.
Stocks coverage
- Real stocks Not available
- Stock CFDs 370+
- Fractional shares Available
- Short selling Available
| Asset class | Available |
|---|---|
| ETFs | ✓ |
| Forex | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Crypto | ✗ |
| Options | ✗ |
| Bonds | ✗ |
This market offering supports diversified trading strategies across major asset classes while maintaining Dukascopy’s focus on derivatives trading.
Education
Dukascopy’s educational resources are oriented toward supporting technically competent traders rather than onboarding beginners. Educational materials focus on platform usage, trading mechanics, and the functional aspects of the broker’s trading environment.
The broker does not position education as a marketing tool or entry-level attraction. Instead, learning resources serve as a complement to its advanced platforms, particularly JForex, helping traders make effective use of available tools.
This approach aligns with Dukascopy’s overall positioning as a professional-grade broker intended for experienced traders who already possess foundational market knowledge.
Support
Dukascopy provides multilingual customer support designed to assist traders with account management, platform usage, and operational inquiries. Support services are structured to match the broker’s professional and international client base.
- Email support
- Phone support
- Live chat
The support framework emphasizes clarity and responsiveness, focusing on technical and administrative assistance rather than trading advice or personalized strategy support.
Verdict
Dukascopy stands out as one of the most institutionally robust brokers within the CFD trading space, combining Swiss regulation, banking oversight, and true ECN execution. Its operating model is built for traders who prioritize execution integrity, transparency, and fund security above all else.
The broker’s moderate leverage cap, fixed commissions, and professional-grade platforms reflect a deliberate focus on disciplined trading rather than speculative accessibility. While this may limit its appeal to casual or beginner traders, it reinforces Dukascopy’s suitability for experienced operators and algorithmic traders.
JForex, alongside MT4 and MT5, provides a powerful trading environment for those who require advanced analytical tools and automation capabilities. Although the proprietary platform may be less familiar to some, it represents a significant advantage for traders seeking depth and customization.
Overall, Dukascopy is best suited for professional or technically advanced traders who value regulatory strength, transparent ECN execution, and a sophisticated trading infrastructure over low barriers to entry or simplified trading experiences.
Frequently Asked Questions
Is Dukascopy a regulated broker?
Yes, Dukascopy is regulated by FINMA in Switzerland, FCMC in Latvia, and JFSA in Japan.
Does Dukascopy offer real assets?
No, Dukascopy offers trading exclusively through CFDs and does not provide access to real assets.
What is the minimum deposit at Dukascopy?
The minimum deposit required to open an account is USD 100.
Which platforms does Dukascopy support?
Dukascopy supports MetaTrader 4, MetaTrader 5, and its proprietary JForex platform.
What markets can be traded with Dukascopy?
Dukascopy offers CFDs on forex, equities, indices, commodities, bonds, and ETFs.
Disclaimer: This content is for education only and is not investment advice.
