History and Founding
Dukascopy was founded in 2004 in Geneva, Switzerland, and has become a prominent Swiss broker. The company focuses on security, innovation, and transparency, offering premium services to both retail clients and financial institutions globally.
Mission and Vision
Dukascopy aims to continuously innovate and provide cutting-edge products, maintaining its leadership in the industry. Its mission is to offer easy access to global financial markets while ensuring high security levels.
Global Presence
Headquartered in Geneva, Dukascopy operates in major financial centers and serves clients in over 100 countries, offering multilingual support and region-specific services.
Advantages and Disadvantages
Strengths
- Trusted and well-regulated by renowned authorities
- Facilitate Automated trading with JForex platform and MT4 Support
- Wide range of market research tools, advanced charting, and promotions
- Sleek iOS and Android app support
- Tight spreads and competitive commission
Weaknesses
- High Initial deposit Requirement
- No two-factor Authentication for JForex platform
- Mediocre leverage levels
Security and Regulations
Licenses and Fund Protection
Dukascopy is authorized by FINMA to operate under Swiss financial laws. It also complies with EU regulations and operates within the legal framework in Latvia and other jurisdictions. Client funds are kept in segregated accounts and protected by Swiss banking laws. Each client is eligible for up to CHF 100,000 in deposit insurance.
Financial Instruments
Forex Pairs, Commodities, and Cryptocurrencies
Dukascopy offers over 60 currency pairs, including major, minor, and exotic pairs. Clients can also trade gold, silver, oil, gas, and major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Types of Accounts
Standard
Minimum deposit | 0 |
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Commission | 0.1 |
Available tools | 0 |
Leverage, min | 1:1 |
Leverage, max | 1:200 |
Margin call level | 100 |
Stop-out level | 50 |
Fees
Spreads, Commissions, and Other Fees
Dukascopy offers low spreads starting from 0.1 pips. Commission rates are volume-dependent. Inactivity fees may apply to dormant accounts, and swap rates apply to overnight positions, with Islamic accounts exempt from these charges.
Trading Platforms
Available tools | Forex, Commodities, Share CFDs, Indices, ETFs, Cryptocurrencies, Bonds |
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Cryptocurrencies | ETH, BTC, LTC, DASH, TRX, ADA, XLM, EOS, ENJ, BAT, LINK, UNI, MATIC |
CFD | Commodities: 10Indices: 18Stocks: 500Cryptocurrency: 2 |
Dukascopy provides secure and stable connections for trading via its own platform, JForex, as well as MetaTrader 4, and mobile apps for easy access to the market.
Customer Support
Account Setup and Verification
To open an account, fill out the online form, select your account type, and submit identification documents for verification, such as a passport or national ID and proof of address.
Deposit and Withdrawal Operations
Payment Methods and Processing Times
Dukascopy supports payments via bank transfers, Visa/MasterCard, and e-wallets like Moneybookers and Neteller. Deposits are processed within one business day, and withdrawals typically take up to three days, except for bank wire transfers.
FAQ
Is the broker regulated?
Yes, Dukascopy is regulated by FINMA under Swiss financial market laws.
What trading platforms are available?
Dukascopy offers its proprietary JForex platform, MetaTrader 4, and mobile apps for iOS and Android.
What is the minimum amount I need to start trading?
The minimum deposit is $100, which is sufficient for most account types.
What types of accounts does the broker offer?
Dukascopy offers MT4, JForex, and Islamic accounts to suit various trading needs.
What are the trading fees and charges?
Fees include spreads, volume-dependent commissions, swap rates for overnight positions, and inactivity fees for dormant accounts.
What is the maximum leverage available?
Leverage of up to 1:200 is available, depending on the account type and jurisdiction.
Does the broker offer demo accounts?
Yes, Dukascopy offers demo accounts with virtual funds for practice without real trading risk.
How can I contact customer support?
Customer support is available five days a week, 24/7 via phone, email, or live chat.