Recommended for: forex trading 4.1/5
Trusted broker: Well Regulated
Dukascopy review summary
Dukascopy is a Swiss innovative online bank offering Forex and CFD trading, banking, and other financial services through developed technological solutions. The main technology used by the broker is SWFX – Swiss FX Marketplace, Dukascopy’s ECN proprietary technological solution, and registered trademark.
The bank is based in Switzerland and operating since 2004. Dukascopy brand name fully owns Dukascopy Europe IBS AS a European licensed brokerage company based in Riga and the SIA Dukascopy Payments licensed payment and e-money company, a Type-1 licensed broker located in Tokyo operated as Dukascopy Japan.
- In addition to Geneva Headquarters, the bank operates offices in Zürich, Riga, Kyiv, Moscow, Kuala Lumpur, and Hong Kong, and in Dubai.
Is Dukascopy a legit broker?
See how Dukascopy is regulated and whether you should have any concerns using it.
Dukascopy pros and cons
- Strong establishment with regulated headquarter in Switzerland
- Forex and CFD instruments, Cryptocurrencies, and more
- Good quality educational materials, and excellent research
- Conditions vary based on the entity
- trading terminals periodically hang up and fail to work
- payouts to clients are delayed
Dukascopy has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals.
The account opening process is fully digital and there’s no minimum deposit.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Web Trading platform
Dukascopy ‘Next Generation’ platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
Mobile Trading platform
The Dukascopy app shares the strengths of the web platform: a modern design with a strong order panel and search functions as well as safe two-step login.
Desktop Trading platform
Dukascopy doesn’t have its own desktop platform, leaving you with MetaTrader 4 as your only option. In design and functionality, MT4 is way behind Dukascopy web platform.
Markets and products
Dukascopy you can trade forex and other CFDs, including crypto.
Dukascopy has a wide selection of educational materials, in the form of videos and articles. In addition to trading lessons, platform tutorials are also available
Dukascopy research tools are useful for both beginners and advanced traders. They include charting tools for detailed technical analysis, and news feeds to aid fundamental analysis.
Customer support at Dukascopy is great: fast and reliable, with emails often answered on the same day. On the other hand, it is only available 24/5.