Dukascopy Review 2020

Dukascopy Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dukascopy Guide

Dukascopy are an online broker founded in 1998 offering Social Trading trading, and Binary Options trading.

Dukascopy are a global broker and have a head office in Switzerland.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Dukascopy we break down the pros and cons. What Dukascopy are able to offer, what countries Dukascopy are available in. Who Dukascopy are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Dukascopy

  • Regulated by: Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)
  • Headquarters Country : Switzerland
  • Foundation year 1998
  • Min Deposit : 5000
  • Used by over 10,000 traders
  • Dukascopy is not available in the following countries : US
Open Dukascopy's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Dukascopy

With this review we hope to help you see if Dukascopy is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Dukascopy that will help you get off to a good start in the world of online trading.

Dukascopy Review Table of Contents

Dukascopy what you should know

Dukascopy offer two ways to trade: Social Trading, Binary Options.

With Dukascopy you will need a minimum deposit of $5000. You can sign up for a demo account to acquaint yourself with Dukascopy platform.

Dukascopy are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Dukascopy safe?

When choosing a broker like Dukascopy the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1998, and in operation for 22 years Dukascopy have a head office in Switzerland.

Dukascopy is regulated. This means Dukascopy are supervised by and is checked for conduct by the Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Dukascopy, this will be honored. If Dukascopy violate any regulatory rules their regulated status could be stripped.

Any payments funded to Dukascopy accounts by traders are held in a segregated bank account.

For added security Dukascopy use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Dukascopy. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Dukascopy

Losses can exceed deposits

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

Broker Dukascopy eToro XTB Pepperstone
Year Established 1998 2006 2002 2010
Head Office Switzerland Cyprus, UK Poland Australia
Regulation Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 10,000+ 250,000+ 10,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit Dukascopy Visit eToro Visit XTB Visit Pepperstone
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Dukascopy Pros and Cons

What we like about Dukascopy

  • Used by over 10,000 traders
  • Established in 1998
  • Regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)
  • Min. deposit from $5000

What we don't like about Dukascopy

Dukascopy Financial Regulation and Supervision in more detail

We have checked and Dukascopy is regulated and supervised by reputable organisations. You are able to check every Dukascopy supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Dukascopy. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Dukascopy traders and provide a safe trading environment.

Dukascopy is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Dukascopy you should be sure they're legitimate online agent.

Dukascopy General Fees

  • Dukascopy doesn't charge withdrawal fees
  • Dukascopy does charge inactivity fees
  • Dukascopy doesn't charge deposit fees
Broker Dukascopy eToro XTB Pepperstone
Min Deposit 5000 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees Yes Yes No Yes
Deposit Fees No No No No
CFD Commission Fees Yes No Yes Yes

Dukascopy Commissions

  • Dukascopy does charge commission on CFD instruments.

What can you trade with Dukascopy?

You can trade a wide variety of instruments with Dukascopy over 100 instruments infact.

If you are looking at trading currency pairs Dukascopy offer over 15 currency pairs.

Compare Dukascopy with eToro and XTB below.

Losses can exceed deposits

Broker Dukascopy eToro XTB Pepperstone
Instruments Available 100 100 1,500 100
Platforms JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Dukascopy Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 15 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Dukascopy Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Dukascopy Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

Trading on Dukascopy web platforms and other applications

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

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

Dukascopy Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP

Dukascopy Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try Dukascopy before I buy?

Dukascopy offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Dukascopy withdrawl and funding methods.

Dukascopy offer the below funding payment methods. learn more about Dukascopy

  • Credit cards
  • Bank Transfer
Broker Dukascopy eToro XTB Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Dukascopy?

When opening a trading account with Dukascopy, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Dukascopy trading platforms here.

Performing trades with Dukascopy

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.

Limit Risk When Trading with Dukascopy Stop Loss, Dukascopy Stop Limit Orders

A stop-loss order is an order placed with a broker like Dukascopy to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Dukascopy

To trade effectively with Dukascopy, it's important to get a have a good understanding of the Dukascopy trading tools and the markets.

Dukascopy offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Dukascopy.

Take time to look around the Dukascopy platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Dukascopy

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

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

Dukascopy customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at Dukascopy

We tested the Dukascopy live chat and it works well. We sent messages to Dukascopy livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with Dukascopy support in multiple languages in multiple countries. Dukascopy where able to quickly resolve our customer issues.

Email Support at Dukascopy

We sent several emails to Dukascopy and answer times overall were excellent. The fastest response from Dukascopy was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with Dukascopy, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Dukascopy.

Phone Support at Dukascopy

We called Dukascopy and the call was answered very quickly. The call was answered in less than 1 minutes.

The Dukascopy phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Dukascopy team by calling in varying languages. Dukascopy made an effort to make sure our queries were answered.

Overall great phone support from Dukascopy.

See how Dukascopy Support Compares Against Other Brokers

Broker Dukascopy eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Dukascopy Visit eToro Visit XTB Visit Pepperstone
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Dukascopy

As Dukascopy is regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Dukascopy's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Dukascopy you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.dukascopy.com/ on 12th August 2018.

Is Dukascopy A Good Broker?

We spent over 3 months examining Dukascopy in depth. Although we found some very useful aspects of the Dukascopy platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Dukascopy broker.

  • Dukascopy have a good track record of offering Social Trading, Binary Options.
  • Dukascopy has a history of over 20 years.
  • Dukascopy has a reasonable sized customer support of at least 10.
  • Dukascopy are regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA). This means Dukascopy fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Dukascopy have regulation from a Tier 1 reputable country.
  • Dukascopy has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Dukascopy have an international presence in multiple countries. This includes local Dukascopy seminars and training.
  • Dukascopy are able to hire people from various locations in the world who can better communicate in your local language.

Dukascopy Risk Disclaimer

Losses can exceed deposits

Dukascopy not quite right?

Check out these Dukascopy Alternatives

We have spent years researching the best alternatives to Dukascopy. Click the links below to learn more.

If you feel some of the above Dukascopy are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Dukascopy alternatives below.

Related Dukascopy Comparisons

If you would like to see how Dukascopy stands up against other brokers you can read some of our Dukascopy comparisons below. We compare side by side some of our top rated Dukascopy versus comparisons. Read some indepth Dukascopy VS pages below.

DUKASCOPY Frequently Asked Questions

Can I try Dukascopy before I buy?

Dukascopy offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Dukascopy accept?

Dukascopy offer the following funding payment methods accept Credit cards, Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Dukascopy safe?

Dukascopy are considered safe as they are regulated by and checked for conduct by the Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA). Any payments funded to Dukascopy accounts by traders are held in a segregated bank account. For added security Dukascopy use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Dukascopy trading good?

Dukascopy is considered good and reputable to trade with. DukascopyDukascopy is used by over Dukascopy active traders. Dukascopy offers Social Trading trading, and Binary Options trading. Minimum deposit with Dukascopy is mindeposit.

Is Dukascopy trading Legit?

Dukascopy was founded in Switzerland in 1998. Dukascopy has been facilitating trade on the financial markets for over 22 years. Dukascopy offers clients Social Trading trading, and Binary Options trading. All funds deposited to Dukascopy are held in segregated tier 1 bank accounts for security. Dukascopy is regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) so can be considered legit.

Is Dukascopy a good broker?

Dukascopy is overseen by the top tier financial regulators Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) so can be considered a good broker.Dukascopy allows Social Trading trading, and Binary Options trading.

Is Dukascopy trustworthy broker?

Dukascopy can be considered trustworthy. All money funded to Dukascopy is placed into a segregated tier 1 bank account. this means your money in not held by Dukascopy directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Dukascopy is regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA).

What is the minimum deposit for Dukascopy?

The minimum deposit to trade with Dukascopy is 5000.

How long do Dukascopy withdrawals take?

Withdrawing money from Dukascopy processing time varies but averages 2-5 days.

Is Dukascopy regulated?

Dukascopy is regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA).

Is Dukascopy a market maker?

Dukascopy is a market maker. Stocks, currency and other commodities and instruments will be purchased by Dukascopy even if no buyer is lined up.

How can I start trading with Dukascopy?

When opening a trading account with Dukascopy, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Dukascopy trading platforms here.

Is my money safe with Dukascopy?

Dukascopy is regulated by Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA). One of the most important criteria for traders when choosing a broker like Dukascopy is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Dukascopy, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Dukascopy a con?

Dukascopy is regulated and well established having been in business for over 22 years. Dukascopy is definitely not a con.

Can you make money with Dukascopy?

Although traders have had great success with Dukascopy. Trading on the financial markets with Dukascopy is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Dukascopy have fees?

Dukascopy doesn't charge withdrawal fees. Dukascopy does charge inactivity fees. Dukascopy doesn't charge deposit fees.

When was Dukascopy founded?

Dukascopy was founded in 1998.

How many people use Dukascopy?

Dukascopy is used by over 10000 registered traders.

What is Dukascopy Headquarters country?

Dukascopy has its head quarters office in Switzerland.

Does Dukascopy offer negative balance protection?

Dukascopy does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Dukascopy offer guaranteed stop loss?

Dukascopy does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Dukascopy allow scalping?

Dukascopy offers scalping.

Does Dukascopy allow hedging?

Dukascopy offers hedging.

Does Dukascopy offer CFD trading?

Dukascopy does not offer CFD trading.

Does Dukascopy offer STP?

Dukascopy offers STP trading.

How many people use Dukascopy?

Dukascopy is used by over 10000 traders.

Is Dukascopy an ECN broker?

Dukascopy offers ECN trading.

Does Dukascopy offer a demo account?

Dukascopy offers a demo account.

Does Dukascopy offer an Islamic account?

Dukascopy offers a Islamic accounts.

What are the funding methods for Dukascopy?

Dukascopy accept the following funding methods : Credit cards, Bank Transfer.

Dukascopy review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Dukascopy brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Dukascopy review written by Mark Hansen of Comparebrokers.co