Dukascopy Bank SA – A Must Read Forex Trading Platform Review


Dukascopy Bank SA in an international bank that allows for trading in various parts of the world. With access to Forex ECN, Binaries trading and CFD trading on sticks, indices, cryptocurrencies and commodities, Dukascopy Bank SA offers a wide range of services. In addition to trading and broker services, the bank also allows for normal transactions and allows its clients to open free accounts as well as obtain plastic or virtual cards that will enable them to make ATM withdrawals as well as online and offline payments.

Clients dealing through Dukascopy Bank SA get a leverage of 1:200 and have the added advantage of being able to trade through the highly professional JForex platform. The firm has also incorporated a wide variety of market research and trading tools, trading contests, bonuses and banking services into its plan. It is not a publicly traded company; however, it still operates in a very transparent manner and has won multiple awards over the years for its credibility and excellent services.

In this review, we will discuss the aspects of forex and CFDs dealing through Dukascopy Bank SA, including trading tools, platforms, rules, regulation, pricing and other factors.


  • Account in a swiss bank
  • Fast account opening
  • Deposit protection
  • Multiple asset classes
  • ECN liquidity from various banks
  • Attractive spreads
  • Transparent activity
  • Equal trading rights for all


Dr.AndreDuka is the brains behind Dukascopy Bank SA. In 1998, he founded the Dukascopy Trading Technologies Corporation which evolved over time, and within a year, resulted in the Dukascopy trading platform. In 2004, Dr. Andre Duka, alongside his partner Vernika Makarova, started Dukascopy for the purposes of trading. At first this brokerage house was established in Geneva.

As the years passed and the Swiss FX market was launched in 2006, Dukascopy moved towards acquiring its license as a Swiss bank and was successful by 2010 after which the Dukascopy Bank was launched. Needless to say, the bank has developed and evolved over the years, and currently stands at a total of 260 staff members and offers CFDs and forex trading at market competitive prices. The bank grants access to over 60 forex pairs and almost 600 CFD markets through its JForex 3 platform. The bank is secure as it is regulated by JFSA and FINMA, both of which are top tier regulatory bodies.


Dukascopy Bank SA has been regulated by authorities in both, Japan and Switzerland. In Japan, the Japanese Financial Services Authority (JFSA) monitors the company whereas in Switzerland, the Swiss Financial Market Supervisory Authority (FINMA) is responsible for ensuring that the company operates within the pre-established legal limits.

The bank is highly regulated through 2 tier-1 jurisdictions which make it a credible and safe broker that provides low-risk Forex and CFDs trading. The bank is not regulated by any tier-2 or tier-3 regulators thus increasing its overall trust rating. Dukascopy Bank SA is not publicly traded; however, it has been authorized by the relevant regulatory bodies to operate as a bank. 

JFSA has also issued a license to the bank and claims that the bank provides safety to its clients in various ways. These include insuring the funds deposited by clients up to a certain extent, slippage control, assigning KPMG SA as a statutory auditor and PKF Certica SA as an internal auditor. Clients from the UK are not allowed to trade through Dukascopy Bank SA.


Dukascopy Bank SA offers two trading platforms, each of which has its own set of unique features and has the potential to offer a seamless trading experience for clients. Both platforms allow clients to choose from 8 different assets and experiment with over 500 trading instruments.


Keeping in line with its credible reputation, Dukascopy Bank SA offers one of the industry standard platforms for trading purposes. The MetaTrader 4 platform allows for Forex and CFD trading and is supported by windows, android and iOS thus making it compatible on a wide variety of devices. MT4 offers 3 different types of charts and 6 different order types which facilitate the user’s comprehension of the financial markets and trading activities.

The MT4 platform also consists of more than 50 indicators and other tools that help the clients in making informed decisions. The platform also generates charts historical reports of past trends in trading and performance and allows for manual, automated and chart trading. MT4 allows for ECN execution and expert advisors are on board to help clients with their queries. It is ideal for trading with well-known instruments.


The JForex 3 is an innovative platform aimed at clients who prefer trading after an advanced and thorough analysis. It allows for Forex, CFD and cryptocurrency trading and supports 10 different chart types and 6 different order types. The platform is compatible with Windows, Mac, Linux, iOS and Android devices and has customizable features. The charts included in this platform can be overlayed and customized.

JForex 3 offers clients an in-depth information about the market and handles slippage control. With over 270 indicators and charts, that help in better comprehension, JForex 3 also allows for manual, automated and chart trading. Similar to MT4, this platform also has expert advisors on board, allows for ECN execution and presents a complete report of past trading-related events. In addition to all of this, JForex 3 also provides clients with a calendar that highlights important economic events and news.


In order to provide its clients with a risk-free trading experience beforehand, Dukascopy Bank SA offers a free of cost demo account. This demo account allows for virtual trading and once clients have familiarized themselves with the different tactics of trading and have a sufficient grasp over the topic, they can them make a transition to live accounts and start trading in the real market.

The live account and the Demo account do have certain differences, even though the goal of the demo account is to provide the clients with the maximum possible idea of what trading in the real world is like. These differences usually arise when a new instrument has been released or some alterations and modifications are being made and clients using the live accounts are on the receiving end of these updates.


Depositing and withdrawing money is free for Dukascopy Bank SA’s client except in some rare instances where the intermediary involved charges a commission themselves. Dukascopy Bank SA allows for transactions to take place through the following channels:

  • Dukascopy card
  • Payment card
  • Bank transfer
  • Skrill
  • Neteller
  • Visa
  • Master card
  • Maestro


Dukascopy Bank SA supports a wide variety of currencies including the 9 major base currencies. The list includes the following:

  • EUR
  • CHF
  • USD
  • GBP
  • AUD
  • CAD
  • PLN
  • RUB
  • JPY
  • CNH
  • DKK
  • SEK
  • NOK
  • SGD
  • HKD
  • MXN
  • NZD
  • TRY
  • ZAR
  • CZK
  • HUF
  • ILS
  • RON


When it comes to trading costs, Dukascopy Bank SA is in competition with the top forex brokers. The commission and fees charged may differ and are subject to the services that the client avails.


The commission is charged in the currency in which the client wishes to trade and is dependent on the Net deposit, equity and traded volume where net deposit is the sum of all the deposits subtracted by the net withdrawn amount. In cases where there is no consistency amongst the commission determined by net deposit, equity and traded volume, Dukascopy Bank SA opts for the lowest value.

These commissions differ for self-trading clients and clients who use the MT4 platform as well as clients who trade single stock, CFD and ETF. For MT4, clients are expected to pay the standard fees alongside an addition $1 USD per lot. For clients who appoint a manager to overlook their trading, a commission of up to $100 USD is charged per 1 million USD trade.


Other than the commissions charged, Dukascopy Bank SA also charges its clients a maintenance fee. This fee, however, is refundable. If a client’s account contains $100k-$250k, then 0.8% of their account balance is deducted as custody fee per year. These rates keep increasing as the account balance increases and go up to a total of 1.6% for accounts containing $1 million or more.

The bank also charges a 1.25% fee for the guarantee that it issues as well as multi-currency and safekeeping fees.


In case Dukascopy Bank SA becomes unable to contact certain clients, who have at least CHF 500, it marks their accounts as inactive and continues to charge the normal maintenance fee.


  • Excellent tools for analysis, real-time news and value-added trading
  • Spreads start from as low as 0.1 pips
  • Highly regulated
  • Allows mobile trading
  • Efficient platforms and tools


  • Poor customer service
  • Does not support the MT5 platform


The review suggests that while Dukascopy Bank SA is one of the safest and low-risk options, it doesn’t offer a wide variety of markets for trading and has a weak customer support service. Keeping the downsides in one hand, Dukascopy Bank SA does have some excellent qualities for instance it is a highly suitable option for professional traders who are on the lookout for more advanced and technologically sophisticated tools for their trading activity. Dukascopy Bank SA also saves its clients from the hassles of opening an account by simplifying the process. Dukascopy Bank SA also offers generous bonuses as well as supportive conditions for affiliate collaboration. Overall, the firm has established itself as one of the most reliable and competitive companies in the market.


1. Are private clients allowed to open accounts with Dukascopy Bank SA?

Yes, Dukascopy has no limitations on the types of clients and welcomes all clients including private and individual clients as well as financial institutes.

2. When do clients receive their LIVE login details?

The LIVE login details are sent on the same day of account activation via email.

3. Does Dukascopy Bank SA guarantee the execution of Stop Loss orders?

Yes, the bank does guarantee the execution of Stop Loss orders.

4. In case of an emergency, can clients trade via phone?

Yes clients can opt for phone trading by calling the Trade Support Desk.

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