Yes, Dukascopy offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Dukascopy practices forex trading in a 100% risk-free environment.
Dukascopy at a glance
| Broker's Name | Dukascopy |
| 📍 Headquartered | Geneva, Switzerland |
| 📅 Year Founded | 2004 |
| ⚖️ Regulating Authorities | Financial Market Supervisory Authority (FINMA), Financial Services Agency of Japan (JFSA), Financial and Capital Market Commission (FCMC). |
| 🌐 Countries not accepted for trade | Belgium, Canada, Israel, US |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Account Types | Forex/CFD ECN Account Forex MT4 Account |
| 👍 Demo Account | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 200:1 |
| 💰 Minimum Deposit | 100 USD/ZAR1 600 |
| 💳 Deposit & Withdrawal Options | Bank Wire, VISA, Bank Guarantees, Maestro, Neteller, Other Crypto Currencies, Skrill |
| 💻 Platform Types | MetaTrader4, JForex Desktop, JForex Web, iOS and Android platforms |
| 📈 Tradable assets offered | Cryptocurrencies: (2) Bitcoin, Ethereum CFD: (605+) Gold, Silver, Stock Indexes, Bonds, Oil, Other Commodities Desktop platform (Windows), (Mac), Web platform |
| 📱 OS Compatibility | Desktop, web, Android, iOS |
| 👨💼 Languages supported on Website | Twelve languages incl: English, German, Spanish, Polish, Russian, Italian, Chinese, and more |
| 👥 Customer Support Languages | Sixteen different languages including English, German, Spanish, Polish, Russian, Italian, Chinese and more |
| 📆 Customer Service Hours | 24 hours a day, 6 days a week |
| 📃 License Reg. No | 40003344762 |
| 📌Open an account | 👉 Click Here |
|---|
Min Deposit USD 100 Regulators FINMA, JFSA, FCMC Trading Platform MT4, JForex Desktop, JForex Web Crypto Yes Total Pairs 60 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Dukascopy Demo Account Types Revealed – A Key 8-Point Quick Overview
- ✅Dukascopy at a glance
- ✅Dukascopy Demo Account Overview
- ✅How to set up a Dukascopy Demo Account – Step by Step guide
- Dukascopy Demo Account Features
- Dukascopy Bank Customer Reviews
- Dukascopy Demo Account Pros and Cons
- Conclusion
- Frequently Asked Questions
Dukascopy Demo Account Overview
Dukascopy is a forex broker operating from Switzerland that provides traders with access to platforms that allow them to buy and sell foreign currencies. Retail traders use this broker to gain access to the 24-hour currency market. Forex broker services are also provided for institutional clients and large companies such as investment banks.
Dukascopy offers a Demo account for Forex and CFD trades, attractive spreads are offered from 0.1 pips.
How to set up a Dukascopy Demo Account – Step by Step guide
New accounts are applied online and processed according to established industry standards. Traders can open a live account or demo account (also called a practice account) from start to finish on the Dukascopy website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
Dukascopy accounts can be opened in USD, CHF, EUR, GBP, CAD, JPY, SGD, PLN, AUD, HKD, DKK, MXN, NOK, NZD, RUB, SEK, TRY, ZAR, XAU, CNH, CZK, HUF, ILS, and RON. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Follow these steps to open a Dukascopy Demo account:
Step 1 – Navigate to the Dukascopy website.
Select the link ‘Free Demo Account’ to register for a demo account.
Step 2 – Complete the online digital application form to sign up for a demo account.
Traders must provide their First, Last Name, telephone number, email, language, and accept the Privacy Policy terms.
📒 Step 3 – Verify your email address
Traders must verify their account and select the Dukascopy trading platform of their choice.
📒 Step 4 – Download the Dukascopy trading platform.
Follow the KYC process to start trading on the demo account by downloading the trading platform.
Dukascopy Demo Account Features
Dukascopy’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. The demo account can be used unlimited, as long as you use it at least once every 14 days.
| 📒 Account | Demo Account |
| 💳 Spreads | from 0.1 pips |
| ⚖️ Equal rights for all | |
| 📌Open an account | 👉 Click Here 👈 |
|---|
Dukascopy Bank Customer Reviews
Excellent
Simple and intuitive platform, excellent broker and bank. I have been using it for more than 1 year and I am very happy with its service and support. – ItalianinUY
Guess how long does it take Dukascopy to fix a charting bug on iPhone … read on
Used the in-app “Chat with Broker” function to let the broker know of some charting bugs on iPhone (Ichimoku charts fail to display the most crucial data)…. – billy au
It took them 3 business days to process…
It took them 3 business days to process blockchain deposit. Right after they processed it they disabled debit card ordering for Russian citizens – the only service I needed. The support team ignore questions and work very slowly – it takes days to get a response.
Min Deposit USD 100 Regulators FINMA, JFSA, FCMC Trading Platform MT4, JForex Desktop, JForex Web Crypto Yes Total Pairs 60 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Dukascopy Demo Account Pros and Cons
| ✔️ Pros | ❌ Cons |
| 600+ tradable assets include Forex ECN trading | Educational resources and products are limited. |
| Access to high leverage of 1:200 | Overwhelming website |
| Both demo and Islamic accounts available | |
| Good customer support | |
| Strong regulation under a Swiss banking license and by Japan’s FSA and European FCMC. | |
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Conclusion
Dukascopy can be summarily described as a worthwhile company for potential traders, knowing that it is able to offer a host of features that are often unavailable with other Forex or binary options brokers.
New traders will find many different features available and both new and experienced traders should have no trouble using them. Customers can benefit from all the information available on the site before they invest. All information is available in many different languages and all types of trading are allowed, including scalping.
Frequently Asked Questions
How long is the Dukascopy demo account valid?
The demo account can be used unlimited, as long as you use it at least every 14 days.
How accurate is the Dukascopy demo account?
Traders should bear in mind when practicing with the Dukascopy demo account that although it mimics real trading situations, not all demo accounts follow the exchange rates that are available on real trading accounts. In general, it only provides traders with typical situations and not necessarily with real trading situations
Can I withdraw the profits made with my Dukascopy demo account?
A demo account offers risk-free trading, because it makes use of virtual funds and therefore traders cannot withdraw any profits made with a demo account.
What are the advantages of a demo trading account?
The big advantage of trading with a demo account from Dukascopy is that traders are making use of virtual funds and therefore do not run the risk of losing their own money.
How long should I trade with a demo account?
The average demo trading time ranges between 5-6 months, or even longer. Only when a forex trader starts to show a consistent profit proceed, he/she usually move on to opening a live trading account.
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