Dukascopy Review

Overall, Dukascopy can be summarised as a credible and trusted broker that is very competitive regarding its trading fees (against major currency pairs). The spread is also very low, with an overall trust score of 90 out of 99. (October 2025)

At a Glance

Overall Rating

• 4.0/5

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OPEN AN ACCOUNT

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

10 Best Forex Brokers in South Africa for 2025

Rank

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Official Site

#1

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#2

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FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

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#3

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CySEC, MWALI, FSCA

$25

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#4

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CySEC, FCA, FSA, FSCA

$100

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#5

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CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

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#6

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CySEC, ASIC, FSA, BVI, FSCA

$25

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#7

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ASIC, CySEC, FSA, SCB

$200

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#8

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ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

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FCA, CySEC, FSCA, SCB

$100

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#10

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FSCA, FSC, ASIC, CySEC, DFSA

$5

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#1

4.8/5

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#2

4.7/5

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#3

4.7/5

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#4

4.4/5

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#5

4.7/5

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#6

4.0/5

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#7

4.7/5

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#8

4.8/5

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#9

4.5/5

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#10

4.9/5

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Dukascopy Review-A Key 16-Point Quick Overview (Updated October 2025)

1. ☑️Spider Chart
2. ☑️Overview
3. ☑️Dukascopy Sign-Up Bonus
4. ☑️Dukascopy Minimum Deposit
5. ☑️Dukascopy Account Types
6. ☑️How to Open an Account
7. ☑️Dukascopy Trading Platforms
8. ☑️Trading Instruments
9. ☑️Fees and Spreads
10. ☑️Dukascopy Deposit and Withdrawal
11. ☑️Broker Comparison
12. ☑️Customer Reviews
13. ☑️Pros and Cons
14. ☑️Our Findings
15. ☑️Conclusion
16. ☑️Disclaimer
17. ☑️Frequently Asked Questions
18. ☑️References

Spider Chart

Criteria

• Regulatory Standing: 5
• Financial Stability: 4
• Trading Platform Quality: 4
• Customer Support: 3
• Educational Resources: 3
• Trading Conditions: 4
• Withdrawal Speed: 4

Overview

According to research in South Africa, Dukascopy is a Swiss online forex and CFD broker. It hosts a subsidiary of Dukascopy Bank SA, officially registered as a Swiss bank with the Swiss Financial Market (FINMA) authority.

Dukascopy Bank SA offers personal retail Forex trading and binary options accounts and has extensive business interests. Although Dukascopy Bank was founded in 2004 in Geneva, Switzerland, it originated in the 1990s. It has offices in Geneva, Riga, Tokyo, and Hong Kong and employs over 300 people. In 2015, Dukascopy acquired Alpari Japan and operated it as Dukascopy Japan Co. out of Tokyo.

Additionally, the bank created its own JForex trading platform, which is known for its speed, customization, and automated trading features. Over time, it expanded its platform offerings to include MetaTrader 4 and MT5 platforms. Moreover, the bank also provides multi-currency accounts and cryptocurrency services. They have received numerous industry awards for their innovation and customer satisfaction.

Where are the Dukascopy offices located?

They have offices in Europe, Asia, and the Middle East, providing worldwide access to its services.

What trading services does Dukascopy offer?

The broker has provided online and mobile trading, banking, and financial services.

Dukascopy Sign-Up Bonus

The broker does not offer specific bonuses, also called deposit bonuses, with first-time signup but does offer further promotions and bonuses like a volume trading commission discount program and an equity bonus. New traders who register a real account with a broker may receive a sign-up, deposit, or welcome bonus.

Dukascopy Minimum Deposit

Dukascopy requires a minimum deposit of $100, equivalent to ZAR 1 800 at the time of writing at the average current exchange rate between the US Dollar and the South African Rand.

Their authorization as brokers and its regulatory authorities may require that client funds be kept in segregated accounts separate from the broker account and that such funds be used only by traders to conduct their trading activities.

Dukascopy Accounts 

A Forex account at Dukascopy is a trading account that you will hold. It will work similarly to your bank account, but it is primarily issued for trading currencies.

Often, the number and type of accounts a trader can open with a broker company differs depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. The different trading accounts include a standard live trading account, a demo Forex/CFD account, a demo MT4 Forex account, a demo Binary account, and an MCA current account.

Dukascopy accounts have the following features:

ECN Account

Additionally, the broker offers an ECN account for traders, providing transparent trading conditions and ample liquidity. It allows trading on JForex with changeable spreads starting at 0.1 pips for EUR/USD. Moreover, the minimum initial balance is $100 for Europe and $1,000 for Bank SA, and the maximum leverage is 1:200.

MetaTrader 4 Account

Furthermore, this account is designed for forex and CFD traders using the MetaTrader 4 platform, supporting multiple base currencies and reducing translation costs.

MetaTrader 5 Account

The MetaTrader 5 Account also offers a flexible platform for trading forex, commodities, and other financial products. It provides market depth and support for various trading techniques, allowing traders to execute their plans successfully. Moreover, the account is accessible via desktop, web, or mobile devices, catering to traders of all levels with tight spreads, fees, and reliable execution.

Demo Account

Dukascopy’s demo account imitates the conditions of a live trading account. It gives traders access to the same functions, features, and options on a live trading account, except that the demo account is risk-free since they use virtual funds to conduct their trading. The demo account can be unlimited if you use it at least once every 14 days.

Islamic Account

Dukascopy offers traders who follow Sharia law the option of an Islamic Account. Often, an Islamic account is provided as an option for traders to convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.

Overall Rating

• 4.0/5

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OPEN AN ACCOUNT

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

What leverage is available on Dukascopy accounts?

They offer leverage of up to 1:200 on all of its trading accounts.

Does Dukascopy provide demo accounts?

Dukascopy’s MetaTrader 5 offers a comprehensive trading platform for traders, allowing access to various financial markets, improved charting, technical indicators, and longer market analysis periods. Moreover, its robust MQL5 programming environment enables algorithmic trading, economic calendar integration, and improved analytical tools.

How to Open a Dukascopy Account:

Like a bank, if you want to register a forex trading account with Dukascopy for the first time, you must go through a basic “know your customer” process.

Once you are ready for live trading, you can open a live trading account:

Step 1 – Navigate to the Dukascopy website.

Select the link ‘live trading Account’ to register for the Dukascopy account.

Step 2 – Complete a simple online registration form.

Complete the Dukascopy online registration form by filling out your name, surname, email address, and telephone number and following the KYC process.

Step 3 – Verify your email address.

You will receive instructions via email to verify your identity. Alternatively, you can opt for video identification, which takes around 15 minutes with the Dukascopy Connect app on your mobile device.

Step 4 – Download the Dukascopy trading platform.

Once the KYC process is complete, you can start trading on their live account by downloading the trading platform of your choice and funding your account.

Dukascopy Trading Platforms

The forex trading platform is, in essence, the software the broker provides to its clients to carry out their trades. Dukascopy trading platforms provide access to the Swiss Forex Marketplace (SWFX). Several different platforms support a wide range of trading orders.

JForex Platform

This platform is recommended for manual or automated trading and is ideal for traders interested in automated trading and developing and testing trading strategies. The company also offers a web trading platform with instant market access and a smartphone mobile platform.

The Web Binary Trader

This is a binary options trading platform with many features of its own. Trading can be done securely online through a one-click trade to an unlimited number of accounts. Dukascopy also allows access to its API, which allows users to connect to Dukascopy servers with a customized software solution.

MetaTrader 4

Dukascopy offers 653 symbols to trade across multiple markets, covering forex and CFD traders with 60 forex pairs and 593 CFDs. Regarding these costs, Dukascopy competes with the top forex brokers that support automated trading and active trading programs.

Is MetaTrader 4 available for trading?

Dukascopy offers MetaTrader 4, a popular trading platform known for its user-friendly design and extensive analytical capabilities.

Can I access trading platforms on mobile devices?

Additionally, the broker offers mobile trading applications for iOS and Android devices, allowing traders to access their accounts and trade on the go.
 

Trading Instruments

Moreover, the broker trades 61 currency pairings in Forex trading, granting traders access to major, minor, and exotic currency pairings. This wide range allows for diverse trading methods and diversification opportunities. Additionally, Dukascopy offers trading opportunities for 13 commodities, enabling traders to participate in various commodity markets.

Furthermore, in Shares trading, Dukascopy provides access to over 1,000 shares from worldwide marketplaces, allowing traders to diversify their portfolios and capitalize on equity market opportunities. Moreover, they offer trading access for 14 worldwide indexes in Indices trading, enabling traders to speculate on the performance of stock market indexes representing different areas and industries.

Furthermore, Dukascopy provides trading for 8 Exchange-Traded Funds (ETFs), offering a wide choice of ETFs encompassing various asset classes and investing themes for portfolio diversification and risk management.

Additionally, the broker offers trading opportunities for three kinds of bonds, allowing traders to purchase government and corporate bonds to diversify their investment portfolios with income-generating assets.

Lastly, Dukascopy provides trading for 18 cryptocurrencies, enabling traders to trade prominent cryptocurrencies like Bitcoin, Ethereum, Litecoin, and alternative altcoins and profit from the cryptocurrency market’s volatility and growth potential.

Does Dukascopy provide access to ETF trading?

Yes, the broker offers trading for 8 Exchange-Traded Funds (ETFs), allowing traders to invest in various asset classes and themes.

What types of bonds can I trade with Dukascopy?

They offer trading opportunities for government and corporate bonds, allowing for portfolio diversification with income-generating assets.

Fees and Spreads

Spreads

Furthermore, the broker charges reasonable spreads on various financial products, providing traders with clear pricing and cost-effective trading options. The spreads vary based on the trader’s area and the financial instrument being traded, allowing traders to access global financial markets at a low cost.

Commissions

Additionally, the broker charges fees for specific trading accounts and transactions based on net deposit, equity, and trading volume. For MetaTrader 4 and MetaTrader 5, the charge is $0.5 per lot or $5 per $1 million traded.  

Overnight Fees

Furthermore, depending on a client’s trading activity, they charge overnight fees or rollover rates. The rollover policy is dynamic, catering to larger trading volume customers. They ensure fair treatment and competitive overnight conditions for all customers.

Deposit and Withdrawal Fees

Moreover, the broker charges varying deposit and withdrawal fees based on payment type and transaction amount. Additionally, they aim to provide fair pricing and fast procedures, catering to customers’ preferences. Furthermore, they offer various payment methods for safe and quick transactions, reducing associated expenses and ensuring a smooth fundraising experience.

Inactivity Fees

Moreover, the broker charges inactivity fees on inactive accounts to cover the costs of re-establishing contact with users. The company promotes active trading by imposing fees, encouraging frequent activity to avoid penalties, and maximizing the trading experience.

Currency Conversion Fees

Furthermore, Dukascopy Bank SA charges currency conversion fees for various transactions, including online money exchange, deposits, withdrawals, and internal and external transfers. These fees are adjusted based on the current spot rate, with a fee for each currency pair. The broker provides fair pricing for customers dealing in multiple currencies.

Dukascopy Asset Class Fees and Spreads

What are the deposit and withdrawal fees?

Moreover, the broker charges varying deposit and withdrawal fees based on the payment method and transaction amount, aiming to provide fair pricing and fast procedures.

Does Dukascopy impose inactivity fees on dormant accounts?

Moreover, they charge inactivity fees on inactive accounts to cover the costs of re-establishing contact with users, with a minimum fee of CHF 500.

Dukascopy Deposit and Withdrawal

Clients can open and fund new accounts via wire transfer, debit, and credit cards in various currencies. Dukascopy’s partner bank, however, charges a commission of between 2% and 2.5%, so this method is not recommended for large transfers. The broker does not charge for incoming wire transfers but charges an outgoing transfer fee according to currency.

Minimum deposit amounts vary depending on the account type, but they start at USD 100/R1 800 ZAR (Dukascopy Europe) and USD 1000/R18 000 ZAR (Dukascopy Swiss).

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

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

Are there any fees for depositing funds into my Dukascopy account?

The broker may charge varying deposit fees based on the payment method and transaction amount.

What withdrawal options are available?

Withdrawal options include bank wire transfers, credit/debit cards, cryptocurrency wallets, and e-wallets or payment gateways.

Leverage and Margin 

Additionally, the broker emphasizes the importance of leverage in trading, limiting the free trading line based on equity and margin. The company provides a maximum permissible leverage ratio for accounts, starting at 1:30 for retail and standard accounts and up to 1:200 for ECN Accounts on JForex.

Moreover, margin maintenance is crucial, computed in real-time based on equity, permissible leverage, and pending orders. Furthermore, they offer two margin modes, Partial Hedge and Total Close, which adjust risk management to specific trading methods.

What are the margin call and cut levels?

Furthermore, margin calls and cut levels are used as protections.

Does Dukascopy offer traders different margin modes?

Additionally, they offer two margin modes, Partial Hedge and Total Close, which adjust risk management to specific trading methods.

Educational Resources

The Introduction to Forex Trading also provides a comprehensive understanding of the forex market, including currency pairings, 24-hour operation, worldwide trading sessions, and account setup, ensuring a solid foundation for traders.

Furthermore, the Wiki section is a valuable resource for traders. It offers trading tactics, market research techniques, and in-depth explanations of forex trading principles, enhancing market comprehension and trading abilities.

Moreover, Dukascopy TV offers a comprehensive platform for financial news, expert commentary, and in-depth analysis. It features regular market updates, expert interviews, and instructional sections on trading and investing methods to assist traders in making informed decisions.

Additionally, their video tutorials provide step-by-step instructions for utilizing their trading platforms, tools, and features to help traders master forex trading and utilize available technology.

Furthermore, the Support Forum is a community-based platform for traders to share experiences, ask questions, and receive assistance from their specialists, providing technical solutions, trading insights, and staying updated on market trends.

Lastly, the broker hosts regular webinars featuring financial experts who discuss market analysis, trading strategies, and risk management. These webinars allow attendees to ask questions and connect with experts.

Are there video tutorials available for Dukascopy’s trading platforms?

Additionally, they offer video tutorials providing step-by-step instructions for using their trading platforms effectively.

Can traders interact with experts through educational resources?

Furthermore, traders can interact with experts through Dukascopy’s support forum and webinars, gaining valuable insights and assistance.

Broker Comparison

A Comparison of Dukascopy vs Vanatge FX vs Blackwell Global

Customer Reviews

🥇Excellent

“Dukascopy’s reputation for security and transparency is excellent. Their educational materials are comprehensive and well-presented.” Reviewed: Sarah Lee

🥈Happy Customer

“Dukascopy’s platform is reliable and offers advanced charting tools. Their customer support has been helpful in resolving technical issues.” Reviewed: John Smith

🥉Attractive Spreads

“Dukascopy’s variety of asset classes and competitive spreads make it attractive to traders. Their regulation by the Swiss Financial Market Supervisory Authority is a strong point.” Reviewed: Anya Petrova

Pros and Cons

You might also like: Dukascopy Account Types Overview

You might also like: Dukascopy Fees and Spreads

You might also like: Dukascopy Islamic Account Overview

You might also like: Dukascopy Minimum Deposit

You might also like: Dukascopy Sign-up Bonus

Our Findings

Indeed, Dukascopy is a compliant broker that provides multiple trading instruments and favorable order prices. Its interface is simple, and its customer service is mostly quite efficient. Still, there are some complaints regarding the lack of volume in its educational content and the high minimum deposit for novices. In conclusion, the broker can be considered good for experienced traders looking for a reputable ECN broker to cooperate with.

Conclusion

They can be summarily described as a worthwhile company for potential traders, knowing that they can offer many features that are often unavailable with other Forex or binary options brokers.  New traders will find many different features available, and new and experienced traders should have no trouble using them.  Customers can benefit from all the information on the site before investing. All information is available in many languages, and all types of trading, including scalping, are allowed.

The broker is well established and operates in a strict regulatory environment, with client deposits protected by Swiss bank regulations.

Overall Rating

• 4.0/5

Read Review

OPEN AN ACCOUNT

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

Disclaimer

It warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. Before deciding to trade the products offered by Dukascopy, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

The broker warns that margin trading involves the potential for profit and the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable. Hence, Dukascopy cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

Is Dukascopy a fake or a scam?

Dukascopy Brokers is not a fake or scam as it adheres to the rules and regulations as stipulated by the Financial Market Supervisory Authority (FINMA), Financial Services Agency of Japan (JFSA), and Financial and Capital Market Commission (FCMC).

What is the overall rating out of 10 for Dukascopy?

The overall score for Dukascopy is 8/10.

Which platforms are supported by Dukascopy?

Dukascopy provides the following popular trading platforms:

• MetaTrader4
• JForex Desktop
• JForex Web
• iOS and Android platforms

Is Dukascopy a recommended broker for beginner forex traders?

Beginner forex traders will find that Dukascopy offers a fair trading environment.

Does Dukascopy offer leverage?

Yes, Dukascopy offers maximum leverage of up to 1: 200.

References

FINMA – Swiss Financial Market Supervisory Authority.

MetaTrader 4

MetaTrader 5

Dukascopy Bank SA

SAShares Instagram