Dukascopy Review 2026
Regulated broker with real licence numbers.
Dukascopy is a regulated CFD broker founded in 2004. It holds a FINMA licence under number N/A.
The basics
Dukascopy was founded in 2004 and is headquartered in Geneva, Switzerland. It is privately owned. The broker offers CFDs on 500 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2004 |
| Headquarters | Geneva, Switzerland |
| Instruments | 500+ |
| Platforms | JForex, MT4, Binary Options |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Dukascopy safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FINMA | N/A ✓ | Dukascopy Bank SA |
| FSA | SD030 ✓ | Dukascopy Europe IBS AS |
| JFSA | 関東財務局長(金商)第2438号 ✓ | Dukascopy Japan KK |
You can verify the FINMA licence at brokerforexreviews.com. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Dukascopy spreads
These are the typical spreads on Dukascopy's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.2 pips pips |
| GBP/USD | 0.5 pips pips |
| USD/JPY | 0.3 pips pips |
| Gold (XAU/USD) | 17c/oz |
| S&P 500 | 0.4pt |
Dukascopy's EUR/USD spread of 0.2 pips pips is among the tightest available, competitive with ECN brokers.
Dukascopy withdrawal fee and processing time
Fee: None. Dukascopy does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Dukascopy minimum deposit by entity
The minimum deposit depends on which Dukascopy entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Dukascopy Bank SA | FINMA N/A | $100 | 1:200 |
| Dukascopy Europe IBS AS | FSA SD030 | $100 | 1:200 |
| Dukascopy Japan KK | JFSA 関東財務局長(金商)第2438号 | $100 | 1:25 |
Dukascopy vs RoboForex
| Dukascopy | RoboForex | |
|---|---|---|
| Primary regulator | FINMA N/A | FSC 000138/210 |
| Min deposit | $100 | $10 |
| EUR/USD spread | 0.2 pips pips | From 0.0 |
| MetaTrader | Yes | Yes |
| Instruments | 500+ | 12,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | Varies |
Both brokers are regulated and legitimate. Dukascopy suits traders who value MetaTrader and algorithmic trading. RoboForex is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| FINMA | N/A — Dukascopy Bank SA |
| FSA | SD030 — Dukascopy Europe IBS AS |
| JFSA | 関東財務局長(金商)第2438号 — Dukascopy Japan KK |
Leverage for retail clients in the EU and UK is capped at 1:200 on major forex pairs under ESMA rules. The offshore entity offers up to 1:200, but with lighter regulatory protection.
Pros and Cons
What works
- JFSA regulated — Dukascopy Japan KK
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0.2 pips
- Regulated in 3 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
Dukascopy is a legitimate, regulated broker. The FINMA licence number N/A is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Dukascopy
If Dukascopy does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Dukascopy safe?
The Seychelles FSA is an offshore regulator. Dukascopy holds FINMA licence N/A, which is publicly verifiable on the official register.
What is the Dukascopy minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Dukascopy EUR/USD spread?
The EUR/USD spread on Dukascopy standard accounts is typically 0.2 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Dukascopy take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Dukascopy charge withdrawal fees?
None. Dukascopy does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Dukascopy have MetaTrader?
Yes. Dukascopy supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.