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Written by Adam Peters
Broker Analyst
Updated
Dukascopy logo

Dukascopy Forex Review 2026

Our Ratings
4.1
out of 5
Safety & Regulation4.4
Fees & Costs3.8
Markets & Products4.6
Platforms & Execution4.8
Deposit & Withdrawal3.5
Trading Tools & Research3.3
Account Opening3.6
Customer Service4.3
Education3.9
Key Facts
Regulation
FINMA, Bank of Latvia, JFSA
Broker Type
STP, ECN
Min. Deposit
$100
Platforms
Mobile App, Web Platform, Desktop Platform, MetaTrader 4, MetaTrader 5
Negative Balance Protection
Varies
Max Leverage
1:200 (FINMA), 1:60 (weekends)
Demo Account
Yes
Spreads From
0.8 pips

75% of retail FX and CFD accounts lose money.

Dukascopy - At a Glance

Company & Overview
Established
2004
Headquarters
ICC, Route de Pré-Bois 20, CH-1215 Geneva 15, Switzerland.
International Offices
Switzerland, Latvia, Hong Kong, Japan
Publicly Traded
No
Broker Type
STP, ECN
Regulation
FINMA (Switzerland), Bank of Latvia (Latvia), JFSA (Japan)
Segregated Client Funds
Yes
Negative Balance Protection
Varies

Not offered on the Swiss entity, and Dukascopy discloses that 0.21% of retail clients have had to pay in to clear a negative balance. Swiss regulation does not require it. EU clients through the Latvian entity are covered.

Banking License
Yes
Languages
English, French, Spanish, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Arabic, Hungarian, Malay, Farsi, Czech, Slovak, Slovene, Serbian, Croatian, Latvian, Romanian
Customer Support
Live Chat, Email, Phone
Customer Support Hours
24/5
Account Types
Demo Account
Yes
Swap Free Account
Yes
Joint Account
Yes
Corporate Account
Yes
Managed Account
Yes
PAMM / MAM Trading
Yes
Social / Copy Trading
No
Account Conditions
Minimum Deposit
$100
Payment Methods
Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Skrill, Neteller
Account Currencies
USD, CHF, EUR, GBP, BTC, USDT, ETH, AUD, CAD, CNH, CZK, DKK, HKD, NZD, HUF, ILS, JPY, MXN, NOK, PLN, RON, SEK, TRY, AED, SAR, XAU, SGD, ZAR
Maximum Leverage
1:200 (FINMA), 1:60 (weekends)
Bonuses
Yes
Contests
Yes
Trading Conditions
Markets & Products
Forex, CFDs, Cryptocurrency, Binary Options
Currency Pairs
108 FX pairs
Minimum Lot Size
0.01
Maximum Lot Size
250
Decimal Pricing
5 decimals
Order Types
Market, limit, stop, stop limit and market if touched orders, plus place bid and offer orders that can be filled inside the spread. Client-set equity stop loss level closes all positions at a chosen drawdown. Stop loss execution is guaranteed, though gaps can cause large slippage.
Execution Type
ECN, sole counterparty
Margin Call Level
100% (100% use of leverage)
Stop Out Level
50% (200% use of leverage)
Hedging
Yes
Scalping
Yes
Fees & Costs
Spread Type
Variable
Spread From
0.8 pips
Commission
Volume-based ECN commission model. From $5 to $35 per $1 million traded.
Overnight / Swap Fees
Yes
Deposit Fee
Varies

Free by bank transfer or crypto. Cards cost 1.5% within Europe and 2.5% outside, and Apple Pay and Skrill 2.5%. Dukascopy can add another 0.5% on top.

Withdrawal Fee
Yes

Charged on everything. Bank transfers run from CHF 2.30 to USD 35 depending on route, cards cost EUR 1.50 plus 2.5%, and crypto costs USD 30.

Currency Conversion Fee
Yes
Account Maintenance Fee
Yes
Inactivity Fee
Yes

Up to CHF 100 every six months without a trade, so twice a year at most. Avoidable entirely, and refunded on request as credit against future fees. Nothing in your first six months.

Custody Fee
Yes
Platforms & Tools
Trading Platforms
Mobile App, Web Platform, Desktop Platform, MetaTrader 4, MetaTrader 5
Mobile App
Yes
API Access
Yes
VPS Hosting
No
Automated Trading
Yes

How Dukascopy's costs compare

Spread from (major pairs)0.8 pips
Catalogue median: 0.8 pips across 49 brokers · lower is cheaper
Minimum deposit$100
Catalogue median: $10 across 49 brokers · lower is more accessible

The marker is the median of every active broker we rate, computed from the same structured data as the reviews. Headline from-spreads are the broker's advertised best case; your account type and instrument change them.

Pros & Cons

Pros

  • Strong regulatory oversight.
  • Established since 2004 with a strong and proven track record.
  • Extensive product offering.
  • Wide range of global market access.
  • Fast and easy digital account opening process.
  • Free demo account available for practice trading.
  • Multiple fast and secure payment methods.
  • Multiple account currency options.
Show 11 more
  • Segregated client funds.
  • Negative balance protection.
  • Islamic swap-free accounts available.
  • Low forex trading fees.
  • Advanced and user-friendly proprietary platform, available in mobile, web, and desktop versions.
  • Supports MetaTrader 4 and 5 integration.
  • No restrictions on trading strategies.
  • Adequate support for algorithmic trading.
  • Integrated PAMM trading features.
  • Solid research tools & market analysis.
  • Great customer support service.

Cons

  • Educational content is limited.
  • High withdrawal fee.
  • Commissions can be relatively high for small account holders.
  • An inactivity fee after 180 days of account inactivity.
  • No TradingView integration.

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