Dukascopy Review 2019 | Is Dukascopy a Scam or Legit Forex Broker?

Read our Dukascopy review to find out if Dukascopy is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Dukascopy
Dukascopy Overview

Dukascopy is a Swiss based Forex ECN, CFD and Binaries broker, offering more than 600 tradable assets across Currencies, Stocks, Indices, Commodities, Bonds, ETFs and Cryptocurrencies with a maximum 1:200 leverage on their own advanced, proprietary trading platform JForex as well as MetaTrader.

# Broker's Features DUKASCOPY Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Dukascopy.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Dukascopy offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Crypto.

Tradable Products: Dukascopy offers trading on more than 600 tradable assets covering Forex ECN trading, CFD trading on Indices, Stocks, Commodities, Bonds, ETFs and Cryptocurrencies as well as Binaries.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Dukascopy is ECN.

Features: Users of Dukascopy have access to a wide variety of different trading features such as a professional-grade Automated Trading API and Visual Strategy Builder program.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Dukascopy recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Dukascopy is regulated by FCMC, FINMA, FSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and operates with a Swiss banking licence.

Languages Available: Next lets have a look at each broker's different Language options. Dukascopy offers Chinese, English, French, German, Polish, Spanish.

Payment methods: Next lets have a look at each broker's payment options. Dukascopy offers Wire Transfer different payment methods for each account types.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Dukascopy makes Jforex available to clients.

Web & Desktop Trading Platforms: Dukascopy offers five different platforms to trade on that all provide access to the Swiss Forex Marketplace. This includes their own advanced, proprietary JForex Desktop, JForex Web, iOS and Android platforms, as well as MetaTrader 4.
Mobile Trading Platforms: Dukascopy offers JForex trading on Apple’s iPhone, iPod Touch and iPad, as well as the Android operating system.

Other

Trader Education
Dukascopy offers lots of manuals and tutorial videos on its professional-grade, proprietary JForex trading platform. Unfortunately, it is lacking in educational resources in learning to trade.

Promotions
Dukascopy offers a wide variety of bonuses and promotions including Equity Bonuses, Discount Programmes and more. However, bonuses and promotions do change over time.

Recup
Dukascopy provides a unique offering to trade with a licenced Swiss bank which offers more than 600 tradable assets including Forex ECN, with access to 1:200 leverage on a professional-trade, proprietary trading platform with advanced features and compatibility on PC, Mac, Web, iOS and Android.

Final Thoughts
While Dukascopy’s professional-grade, proprietary JForex trading platform is hugely impressive with a wide range of benefits and features, some beginner traders may find it requires a steeper learning curve compared to other platforms.

Trading Experience
The level of functionality offered in Dukascopy trading platforms, accounts and additional services, is more than adequate for the experienced trader.

People Also Asked

Is Dukascopy regulated?
Yes, Dukascopy is regulated by top-tier regulators, FCMC, FINMA, FSA inclusive.
Where is Dukascopy based?
Dukascopy is based in Switzerland
How does Dukascopy make money?
Dukascopy charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Dukascopy account?
With Dukascopy you can deposit money via the following means; Credit Card, Wire Transfer.
How do I withdrawal in Dukascopy account?
Dukascopy lets you request a withdrawal of funds from your account via the following means; Wire Transfer.
What is the minimum deposit for Dukascopy?
Dukascopy has $100 minimum deposit.
What are the available account base currencies with Dukascopy?
Dukascopy trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Dukascopy?
Dukascopy has a maximum leverage is 1:200 for professional traders.
How do I open an account with Dukascopy?
Opening an account with Dukascopy is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Dukascopy use MetaTrader?
Dukascopy platforms: No, Dukascopy do not use MetaTrader but it uses the following platforms: Jforex
What type of broker is Dukascopy?
Dukascopy appears to be a ECN broker which offers market access to a variety of traders.
Does Dukascopy accept US clients?
No
Does Dukascopy offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Dukascopy: You can trade a wide variety of instruments with Dukascopy: Currencies, Commodities, Indices, Stocks, Bonds, Crypto