Dukascopy is not a broker with a bank somewhere in the background. It is a licensed Swiss bank, authorised by FINMA as both a bank and a securities dealer, and that changes what happens to your money more than any spread comparison will. We opened a live account with Dukascopy Bank SA, funded it with $1,000, placed more than 60 trades on major pairs and gold, ran two withdrawals and contacted support three times across January and February 2026. Execution and fund safety came out at the top of the sector; the cost of an idle account and the platform learning curve are why this is not a broker for everyone.
Disclosure: Dukascopy is not a commercial partner of ours. We receive no commission from this broker and there are no affiliate links on this page. Read how we make money.
| Overall rating | 8.6/10 |
|---|---|
| Founded | 2004 (2 November 2004) |
| Headquarters | Geneva, Switzerland |
| Main licences | FINMA (Switzerland), as a bank and securities dealer; FCMC (Latvia, EU); JFSA (Japan) |
| Minimum deposit | $100 |
| Spreads from | 0.1 pips (JForex ECN account, plus commission) |
| Maximum leverage | 1:200 on request (Swiss entity) / 1:30 retail (Dukascopy Europe) / 1:25 (Dukascopy Japan) |
| Instruments | 1,200+ on JForex4 / 400+ on MT4 and MT5 |
| Swap-free available | Yes, self-activated on all account types |
| Retail loss rate | 69.9% (Dukascopy Europe) |
Pros and cons
Dukascopy is exceptional on infrastructure, safety and execution, and weaker on the practical edges — onboarding friction, an unusual pricing model, and a dormancy penalty among the harshest we have recorded. Our weights and protocol are in how we rate brokers.
What works
- A full Swiss banking licence from FINMA, with deposits protected to CHF 100,000 under esisuisse. No conventional forex broker can offer protection of this kind.
- SWFX routes orders to multiple liquidity providers as genuine ECN flow, with EUR/USD spreads from 0.1 pips on JForex.
- JForex4 is professional-grade: 270+ indicators, 40+ drawing tools, 11 chart types, and a Java API with backtesting built in.
- More than 1,200 instruments across forex, global shares, commodities, indices, bonds, cryptocurrencies and ETFs.
- When we tested in February 2026, average execution came in under 10 milliseconds in normal conditions.
- Swap-free terms are open to every client on every account type, self-activated from settings.
What does not
- The inactivity fee reaches CHF 500, or the account balance if lower, after 180 consecutive days without a trade or online currency exchange on the Swiss entity. Dukascopy Europe caps it at EUR 50 per 180-day period.
- Commission is charged separately from the spread — roughly $7 per standard lot round turn on JForex — so headline spreads mislead.
- Verification took three business days in our test, against roughly 24 hours at most brokers.
- JForex4 is not intuitive coming from MetaTrader; it took us about three days to get comfortable.
- Support and platform interfaces are English-only, plus a handful of European languages.
Company information
Dukascopy Bank was founded on 2 November 2004 in Geneva by Andre Duka and Veronika Duka, both Swiss nationals, who still hold around 99% of the shares between them. Ownership that stable is unusual in this sector. Andre Duka remains chief executive and chairman.
The group employs more than 300 people. Dukascopy Bank SA in Geneva is the FINMA-licensed parent, Dukascopy Europe IBS AS in Latvia the regulated EU entity, and Dukascopy Japan K.K operates from Tokyo.
In 2006 the company launched SWFX, the Swiss FX Marketplace — a private ECN venue connecting traders directly to bank and institutional liquidity providers. It is the technical backbone of everything Dukascopy does, and the clearest separation from brokers running a market-maker book against their own clients.
| Item | Detail |
|---|---|
| Legal name | Dukascopy Bank SA |
| Founded | 2004 |
| Headquarters | Geneva, Switzerland |
| Founder and CEO | Andre Duka |
| Primary licence | FINMA (bank and securities dealer) |
| Employees | More than 300 |
| Group entities | Dukascopy Europe (Latvia), Dukascopy Japan (Tokyo) |
| Markets served | Europe, Asia, Middle East, Latin America |
| Instruments | More than 1,200 |
| Ownership | Private; the two founders hold around 99% |
Who this broker suits (and who it does not)
Dukascopy fits a narrow band of traders very well and everyone else poorly. Three groups in particular. Professionals who want bank-grade custody alongside fast ECN execution. Algorithmic traders, for whom the JForex API and the in-platform Java environment with historical backtesting are a genuinely capable stack rather than a marketing line. And anyone funding a large balance, because CHF 100,000 of deposit protection changes the arithmetic of counterparty risk in a way no scheme open to an ordinary broker does.
It does not suit occasional traders: the CHF 500 dormancy charge is capped at the account balance, not at a fraction of it, so six idle months can erode a modest account severely. Nor anyone who wants a single all-in price, since separating commission from spread makes cost comparison harder than it looks. And if you need support or platform text in a language other than English or a few European ones, there is nothing here.
A caveat for everyone: shares and commodities here are contracts for difference, so you never own the underlying — which affects dividend treatment and removes voting rights — and leverage is in play. When we tested in early 2026, Dukascopy Europe disclosed that 69.9% of its retail accounts lose money trading CFDs.
Licensing and regulation
This is the strongest part of the case. When we checked in January 2026, Dukascopy Bank SA held a full Swiss banking licence from FINMA — not an investment-firm permission, but the same category of authorisation held by Switzerland’s large banks.
| Regulator | Country | Licence type | Tier |
|---|---|---|---|
| FINMA (Swiss Financial Market Supervisory Authority) | Switzerland | Banking licence and securities dealer | Tier 1 (highest) |
| FCMC (Financial and Capital Market Commission) | Latvia / EU | Licensed investment firm | Tier 1 (EU regulation) |
| JFSA (Japan Financial Services Agency) | Japan | Type I financial instruments dealer | Tier 1 |
We verified the registration manually against FINMA’s list of authorised institutions in January 2026 and found Dukascopy Bank SA among the licensed banks in Geneva. Anyone can repeat that check on the FINMA site.
A banking licence carries obligations a brokerage licence does not. Client money must be fully segregated; capital adequacy is set under Basel III ratios rather than a broker-specific minimum; and audited statements go to the regulator on a regular schedule, making solvency independently assessable rather than a matter of trust. The consequence that matters most is esisuisse: deposits protected to CHF 100,000 per client, roughly $110,000, if the bank becomes insolvent. The UK’s FSCS covers to £85,000 and the Cyprus ICF to €20,000.
The limit worth stating plainly: our January 2026 checks found no DFSA authorisation and no licence from any Gulf or Arab regulator. Outside Switzerland, the EU and Japan you contract with the Swiss or Latvian entity directly, with no local supervisor to escalate a dispute to. Swiss supervision is among the strongest in the world, but it is supervision at a distance.
Against direct competitors Dukascopy sits at or near the top. Swissquote also holds a FINMA licence; Saxo Bank holds several tier-1 licences including DFSA; IC Markets is regulated by ASIC and CySEC — strong, but short of the deposit protection a banking licence brings.
Opening an account and verification
Opening an account with Dukascopy Bank SA in January 2026 took longer and asked more than at any conventional broker we have tested. That is what Swiss banking compliance looks like from the client’s side, and it is the price of the protections above.
The online form took about 15 minutes and asked for a detailed financial picture — income sources, savings, prior trading experience — plus the purpose of the account and the expected source of funds. That is more probing than the equivalent forms at IC Markets or Saxo Bank.
We then uploaded a passport scan and a recent utility bill. Verification took about three business days against roughly 24 hours at most brokers, because documents are reviewed properly rather than machine-matched. Anything missing adds days, not hours: make sure the utility bill shows your address clearly and is dated within three months, and that documents are in English or certified translations.
The demo account is the opposite — no documents, open in minutes. Treat it as mandatory: JForex4 is not MetaTrader, and finding that out on a funded account is an expensive way to learn.
Account types
Dukascopy does not use the Silver/Gold/Platinum tiering common elsewhere. The distinction is by platform and pricing model — a more honest structure than one that quietly gives smaller accounts worse pricing.
| Feature | JForex (ECN) | MT4 | MT5 |
|---|---|---|---|
| Minimum deposit | $100 | $100 | $100 |
| Spreads from | 0.1 pips | 0.2 pips | 0.2 pips |
| Commission per lot | $7.00 (reducible by volume) | $8.00 | $8.00 |
| Maximum leverage | 1:200 (on request) | 1:200 (on request) | 1:200 (on request) |
| Instruments | 1,200+ | 400+ | 400+ |
| Automated trading | Yes (JForex API) | Yes (Expert Advisors) | Yes (Expert Advisors) |
| Swap-free | Available | Available | Available |
JForex gives the best terms on every axis: tighter spreads, lower commission, three times the instrument count. EUR/USD did start from 0.1 pips during European peak hours in our testing.
Default leverage is 1:100, liftable to 1:200 on request subject to conditions. Dukascopy Europe clients are capped at 1:30 under EU rules and Dukascopy Japan clients at 1:25, so the entity you sign with sets your maximum exposure far more than the account type does. Negative balance protection caps the downside at the account balance, but it does nothing to soften what 1:200 does to a position on the way there. An LP PAMM option exists for managing money for others; we did not test it.
Swap-free accounts
Swap-free matters to a wider audience than the label suggests — anyone holding positions across many nights pays a financing drag that swap-free pricing replaces with something flat and predictable. It is open to every client on JForex, MT4 and MT5, and can be switched on or off at any time from account settings. Most brokers gate this behind an application.
With it active, no overnight interest is debited or credited at the daily close (21:00 or 22:00 GMT depending on season). In its place comes an administration fee on top of normal commission: $5 per million dollars traded on currency pairs and $7.50 per million on precious metals and CFDs — roughly $0.50 per standard lot on FX and $0.75 on metals.
| Swap-free detail | Dukascopy |
|---|---|
| Availability | All clients |
| Activation | Self-service from account settings |
| Administration fee (FX) | $5 per million dollars |
| Administration fee (metals and CFDs) | $7.50 per million dollars |
| Grace period | Not specified (no automatic conversion) |
| Instruments covered | All available instruments |
| Sharia certification | Not published on the website |
Two caveats. Dukascopy publishes no Sharia certificate from a recognised supervisory board — that does not mean the account fails a compliance test, but there is no independent audit to point at. And a mechanic most swap-free descriptions omit: if the rollover price differential is negative and the balance cannot cover it, the system may close open positions and cancel pending orders.
Fees and trading costs
Because Dukascopy runs an ECN model, spread and commission are separate line items and the headline spread understates what you pay. Measured across Q1 2026, the all-in figure was competitive with the best ECN brokers but not the cheapest.
Spreads
We sampled seven instruments at different points in the trading day against three direct competitors.
| Instrument | Dukascopy (JForex) | Swissquote (Prime) | Saxo Bank (Classic) | IC Markets (Raw) |
|---|---|---|---|---|
| EUR/USD | 0.2 pips | 0.6 pips | 0.6 pips | 0.1 pips |
| GBP/USD | 0.8 pips | 1.2 pips | 1.0 pips | 0.4 pips |
| USD/JPY | 0.4 pips | 1.1 pips | 0.8 pips | 0.2 pips |
| AUD/USD | 0.5 pips | 1.0 pips | 0.8 pips | 0.3 pips |
| USD/CHF | 0.6 pips | 1.3 pips | 1.0 pips | 0.4 pips |
| Gold (XAU/USD) | 20 cents | 30 cents | 35 cents | 10 cents |
| Oil (WTI) | 3.0 points | 4.0 points | 5.0 points | 2.2 points |
Read that table carefully. The figures are peak-hour averages; spreads widened noticeably in the Asian session and around major releases. More importantly, the Dukascopy and IC Markets columns exclude commission, while the Swissquote and Saxo Bank columns are all-in, because those two build the cost into the spread.
Commission and all-in cost
Commission on JForex starts at $7 per standard lot (100,000 units) round turn and $8 on MT4 and MT5, falling as volume and balance rise. On one standard lot of EUR/USD through JForex we measured roughly $9 all-in — about $2 of spread plus $7 of commission. That is competitive against IC Markets at $7 to $8, and better than Swissquote at $6 of spread alone on its standard account.
Overnight financing
Swaps track interbank rates and move daily. During our February 2026 testing a long EUR/USD position cost about -$6.50 per standard lot per night and a short earned about +$1.20 — close to sector averages, neither an advantage nor a drawback.
Inactivity and transfer fees
This is the real cost problem. On Dukascopy Bank SA the inactivity fee reaches CHF 500 — or the account balance if lower — after 180 consecutive days with no trade and no online currency exchange; Dukascopy Europe caps it at EUR 50 per 180-day period. The Swiss figure is among the highest we have recorded anywhere, and on a modest balance it is effectively confiscatory. It is also avoidable: one trade or one online currency exchange every 180 days resets the clock.
Bank transfer deposits are free; card deposits carry the payment partner’s fee of roughly 1.2%. Bank transfer withdrawals are free from fully verified accounts, though intermediary banks may charge, and Dukascopy reserves the right to charge EUR 7.50 on SEPA transfers to certain institutions. Crypto withdrawals carry a flat $30. Overall: competitive for regular traders, expensive for everyone else.
Desktop platforms
JForex4 is Dukascopy’s strongest technical asset — a proprietary platform built to work directly against SWFX. In a week on it we found 270+ built-in indicators, more than 40 drawing tools and 11 chart types including Japanese candlesticks, Renko and range bars, with multiple customisable workspaces that can be saved and recalled.
Its standout capability is automation. Strategies are written in Java against the API, with the development environment embedded in the platform and historical backtesting alongside. Most brokers offering algorithmic trading hand you MetaTrader’s scripting language and stop there.
MetaTrader 4 and 5 are both offered. The trade-off is coverage: around 400 instruments there against more than 1,200 on JForex4, plus a dollar more commission per lot.
The drawback is the learning curve — roughly three days for us to find everything. Web JForex runs the same feature set in a browser with no installation; performance was good but slightly slower than the desktop build when loading several charts at once.
Mobile apps
Testing the mobile app in February 2026, we found it competent rather than exceptional. It is listed on Google Play and the App Store as Dukascopy JForex Trading.
It carries most of the desktop feature set — advanced charting, indicators, full order execution. We placed 15 trades through it and found execution acceptable and the charts clear and customisable, with built-in market signals and a pivot points tool.
Store ratings sit around 3.5 stars on both platforms, users citing ease of use, stability and chart quality. The repeated complaint, and the app’s weak point, is that screen layouts are not always retained after a restart.
Dukascopy also publishes a Swiss Mobile Bank app for payments, transfers and card management — a reminder that this is a bank offering trading, not a broker with a wallet.
| Detail | Finding |
|---|---|
| App name | Dukascopy JForex Trading |
| Google Play rating | Around 3.5 stars |
| App Store rating | Around 3.5 stars |
| Technical indicators | Available (reduced set versus desktop) |
| Price alerts | Available |
| Built-in market signals | Available |
Trading tools
Trading in February 2026 we found the instrument range wide and unusually well distributed geographically. JForex4 carries more than 1,200 instruments; MT5 more than 400 after a recent expansion adding metals and cryptocurrencies.
| Category | Approximate count | Notes |
|---|---|---|
| Currency pairs | 60+ | All majors, minors and exotics |
| Global shares (CFD) | 600+ | US, UK, Germany, France, Switzerland, Japan, Hong Kong |
| Indices | 20+ | S&P 500, DAX, FTSE, Nikkei, Nasdaq and others |
| Commodities | 20+ | Three oil grades, natural gas, copper, platinum, palladium, 6 agricultural |
| Precious metals | 4 | Gold, silver, platinum, palladium |
| Bonds | 3+ | European and US government bonds |
| Cryptocurrencies | 30+ | Bitcoin, Ethereum, Litecoin, Ripple and others |
| ETFs | 100+ | US, UK, France, Germany, Hong Kong |
The share book is the surprise: beyond the obvious markets it reaches Austria, Belgium, Denmark, Finland, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Ireland and Mexico. IC Markets carries more instruments overall (1,700+) with a thinner ETF selection; Saxo Bank offers over 71,000, though much is direct investment rather than CFDs; Swissquote is comparable, with direct Swiss exchange access as its own advantage.
Order execution
We placed 60 trades on a live account across February 2026, and execution was the clearest strength we measured. Orders route through SWFX to bank and institutional liquidity providers under a no-dealing-desk model, so Dukascopy does not take the other side, unlike the many brokers running a market-maker book against client flow.
Average execution speed came in under 10 milliseconds in normal conditions. Of the 60 orders, 52 filled at exactly the requested price, 6 with positive slippage — a better price than requested — and 2 with negative slippage of no more than 0.3 pips. The positive-slippage count is what distinguishes genuine ECN routing from a dealing desk. Order types include market, limit and stop, trailing stops and OCO; all worked reliably.
One caveat: during high-volatility windows — the US non-farm payrolls release in February 2026, for instance — spreads widened noticeably across all pairs and fills took slightly longer. Normal ECN behaviour, but worth planning for.
Deposits
We funded by bank transfer and the balance appeared after two business days. The method range is adequate but narrower than at brokers competing on payment convenience.
| Method | Minimum | Fee | Arrival |
|---|---|---|---|
| Bank transfer (SWIFT) | $100 | Free from Dukascopy (intermediary banks may charge) | 1–3 business days |
| Credit/debit card (Visa/Mastercard) | $100 | Payment partner fee, around 1.2% | Instant |
| Skrill | $100 | Up to 2.5% | Instant |
| Neteller | $100 | Up to 2.5% | Instant |
| Cryptocurrency (BTC/ETH/USDT) | Variable | Free | Network confirmation dependent |
The useful option is the crypto-fundable account, which accepts Bitcoin, Ethereum or Tether with no deposit fee from Dukascopy and sidesteps international wire charges. PayPal, Neteller and Skrill are limited to 50,000 units of the account base currency; there is no published maximum on bank transfers.
Withdrawals
We ran two withdrawals, one by bank transfer and one back to the funding card. Both completed without friction, and neither triggered a request for documents beyond the original verification — which is where less reputable brokers introduce delay.
The bank transfer was requested on a Tuesday and processed within two business days; funds reached our account five business days after the request. That is reasonable for an international transfer from Switzerland, but not fast — brokers such as Exness process some withdrawals near-instantly. The card withdrawal was also processed within two business days, with funds landing three business days later.
There is no withdrawal fee from fully verified accounts. The bank reserves the right to charge EUR 7.50 on SEPA transfers to certain financial institutions, and cryptocurrency withdrawals carry a flat $30.
One structural point: as a licensed Swiss bank, Dukascopy is legally obliged to return client funds on demand, and unjustified delay would put its banking licence at risk — a stronger obligation than a brokerage licence imposes. Even so, make a small test withdrawal early to confirm the route works with your own bank.
Customer support
We contacted support three times and the technical quality was high. Channels are phone, live chat, email and callback. General support runs on +41 22 555 0500 around the clock on trading days, with +41 22 555 0550 for the dealing desk; Dukascopy Europe is on +371 67 399 000.
Our three live chat contacts were answered in 5, 8 and 12 minutes: activating swap-free terms, which produced clear instructions; withdrawal fees; and a platform fault, where the agent supplied a working fix rather than a deflection. Staff showed real knowledge of the platform, the products and account procedures — better than the script-reading common at brokers with larger retail books. The limitation is language: English plus a small number of European languages, nothing beyond.
| Channel | Availability | Response time in our test |
|---|---|---|
| Live chat | 24h on trading days | 5–12 minutes |
| Phone | 24h on trading days | Immediate or within minutes |
| 24/7 | Within one business day | |
| Callback request | Business hours | Within hours |
Research and education
Reviewing the research offering across Q1 2026, we found strong analytical tools attached to a decent but conventional education library.
Dukascopy TV is the headline asset: a financial news channel broadcasting daily analysis, technical and fundamental coverage, and interviews with analysts and professional traders. Production quality is high.
The platform also carries a historical average spread tool, a currency correlation matrix, margin and profit/loss calculators, and an integrated economic calendar, all professionally built. The spread tool is the notable one: a broker publishing its own historical spread distribution is making a transparency claim it can be held to.
For beginners there is a comprehensive Wiki covering trading fundamentals, platform walkthroughs and account management, plus regular webinars in several European languages. Dukascopy also runs demo trading contests with real cash prizes — a reasonable way to test an approach without risking capital. Saxo Bank produces better research, Swissquote publishes high-quality institutional research, and IC Markets offers a broader multilingual education library.
Fund safety and protections
This is where Dukascopy separates itself, and it is why many clients accept the learning curve and the dormancy penalty. Our January 2026 checks confirmed protections most brokers cannot offer, because they are not banks.
Segregation. As a FINMA-licensed bank, Dukascopy must hold client money entirely separately from its own operating funds, so your balance cannot be used in the bank’s operations or investments.
Deposit protection. Dukascopy is a member of esisuisse, which covers client deposits to CHF 100,000 per client — around $110,000 — if the bank becomes insolvent. Here is the distinction that is easy to blur: esisuisse is a bank depositor protection scheme, available because Dukascopy holds a banking licence, whereas FSCS and ICF cover is investor compensation attached to an investment firm’s authorisation. Similar purpose from the client’s side, but only one is open to a firm that is not a bank.
| Scheme | Authority | Maximum |
|---|---|---|
| esisuisse (Dukascopy) | FINMA / Switzerland | CHF 100,000 (around $110,000) |
| FSCS (United Kingdom) | FCA | £85,000 (around $107,000) |
| ICF (Cyprus) | CySEC | €20,000 (around $22,000) |
| No scheme (offshore brokers) | VFSC and similar | $0 |
Negative balance protection. Provided, so a client cannot lose more than the account balance even in a severe gapping event.
Capital adequacy and transparency. Dukascopy holds capital under the Basel III ratios FINMA enforces — reserves sized against the risks it carries rather than a flat brokerage minimum — and files audited statements with FINMA on a regular schedule, so its position can be assessed independently.
Together these make a layer of fund safety very few firms in this sector can match. None of it protects you from trading losses, which remain the likeliest way to lose money.
Verdict
After four weeks of testing across January and February 2026, Dukascopy is excellent on safety, regulation and execution, and imperfect on the practical edges. We score it 8.6 out of 10, among the highest results in our broker reviews.
Regulation carries the score. A Swiss banking licence with esisuisse deposit protection is structurally different from a brokerage authorisation, and it earns real weight in a category worth a quarter of the total. Execution supports it: sub-10-millisecond fills with 52 of 60 orders at the requested price is a measured result, not a claim.
Trading costs hold the score below 9. The $9 all-in per standard lot on EUR/USD is competitive but not sector-leading, and the CHF 500 inactivity fee is disqualifying for anyone who trades in bursts. Withdrawals are reliable and free but not quick — five business days end to end on a bank transfer.
A note on how the score was reached, since it differs from the Arabic version of this review. That one scored Dukascopy 4.0 out of 5 on a seven-category rubric including Arabic-language provision at a 15% weight, a category Dukascopy scored near zero on. This site scores on six categories and language provision is not one of them, so re-deriving from the same findings the penalty falls away and the score rises to 8.6. Nothing we measured changed; only the category set did.
Whatever the quality of the broker, the product remains high-risk. Dukascopy Europe disclosed that 69.9% of its retail accounts lose money trading CFDs, and most retail clients lose money on leveraged products generally. Nothing here is investment advice or a suggestion that a profit is available. Do not trade with money you cannot afford to lose.
Is Dukascopy trustworthy?
Is Dukascopy a scam?
No. Dukascopy has been a FINMA-supervised Swiss bank since 2004, and we confirmed the registration against FINMA’s list of authorised institutions in January 2026. Deposits are covered by esisuisse to CHF 100,000. It is among the safest counterparties in the sector — a statement about custody of your funds, not about the outcome of your trading.
Is Dukascopy actually licensed?
Yes, and not with an ordinary brokerage permission. Dukascopy Bank SA holds a full Swiss banking licence plus securities dealer authorisation from FINMA, verifiable on finma.ch under the list of authorised banks. The EU entity is licensed by the FCMC in Latvia and the Japanese entity by the JFSA.
Can I withdraw my money from Dukascopy?
Yes. We withdrew twice during the test period, once by bank transfer and once to a card, hitting no obstacles and no requests for documents beyond the original verification. As a licensed bank, Dukascopy is legally required to return client funds on demand.
What happens to my money if Dukascopy fails?
Client money is segregated from the bank’s own funds, so it does not form part of its operating assets. Beyond that, esisuisse protects deposits to CHF 100,000 per client in an insolvency. Balances above that limit are not covered.
Frequently asked questions
What is the minimum deposit at Dukascopy?
$100, or the equivalent in another currency, at both Dukascopy Bank SA and Dukascopy Europe. That is a low bar, but on an ECN account with a separate $7 commission per lot we would suggest funding at least $500 so commission stays a sensible proportion of the balance.
Does Dukascopy offer swap-free accounts?
Yes, on JForex, MT4 and MT5, activated by you from account settings without contacting support. No overnight interest is debited or credited. In its place an administration fee applies: $5 per million dollars on currency pairs and $7.50 per million on metals and CFDs. Dukascopy publishes no Sharia certificate, so anyone needing independent certification should take their own advice.
How long do Dukascopy withdrawals take?
In our early 2026 testing, requests were processed within one to two business days. After processing, bank transfers took a further three to five business days depending on the receiving bank; our card withdrawal landed three business days after processing. There is no withdrawal fee from fully verified accounts.
Does Dukascopy offer MetaTrader?
Yes, both MetaTrader 4 and MetaTrader 5, alongside its own JForex4. The trade-off is real: around 400 instruments there against more than 1,200 on JForex4, and $8 commission per lot rather than $7.
What is the Dukascopy inactivity fee?
On Dukascopy Bank SA it reaches CHF 500, or the account balance if lower, after 180 consecutive days with no trade and no online currency exchange. Dukascopy Europe caps it at EUR 50 per 180-day period. One trade or one online currency exchange within any 180-day window avoids it entirely.
What leverage does Dukascopy offer?
Default leverage is 1:100 on the Swiss entity, liftable to 1:200 on request subject to conditions. Dukascopy Europe clients are capped at 1:30 under EU rules and Dukascopy Japan clients at 1:25. Higher leverage magnifies losses as readily as gains.
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