About Dukascopy Bank
Company Overview
Dukascopy Japan (デューカスコピー・ジャパン株式会社) is the Japanese subsidiary of Dukascopy Bank SA, a Swiss online bank founded in 2004 by Dr Andre Duka and Veronica Duka. The Japanese entity was established in December 2017 and is regulated by the Financial Services Agency (FSA) of Japan as a Type I Financial Instruments Business Operator. The broker serves retail clients in Japan, offering leveraged forex and CFD trading.
The parent company, Dukascopy Bank SA, is headquartered in Geneva, Switzerland, and operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). The group also includes Dukascopy Europe IBS AS, regulated by the Bank of Latvia. Dukascopy Japan is a wholly owned subsidiary of the Swiss bank and provides the group's trading technology and liquidity to Japanese traders.
Regulation and Safety
Dukascopy Japan holds a Market Making License from Japan's FSA, a highly respected regulatory framework. The FSA imposes strict capital requirements, client fund segregation, and regular reporting. The broker is also a member of the Japanese Financial Futures Association (FFAJ) and the Investment Trusts Association, Japan.
Client funds are held in segregated accounts, and the broker discloses its coverage ratio and hedging practices publicly. According to its risk disclosure, all client positions are automatically hedged with Dukascopy Bank SA, which is regulated by FINMA. This structure provides an additional layer of oversight, though clients should note that the counterparty is the parent bank rather than a third party.
Trading Platforms and Accounts
The broker offers two primary trading platforms: MetaTrader 4 (MT4) and its proprietary JForex platform. MT4 is a widely used third-party platform known for its advanced charting tools and algorithmic trading capabilities via Expert Advisors (EAs). JForex is Dukascopy's own platform, which features a user-friendly interface, advanced order types, and direct access to the SWFX liquidity pool.
Both platforms are available as desktop, web, and mobile applications. Minimum deposit is set at 10,000 JPY (approximately $100 USD) for both account types. Maximum leverage for retail clients is 25:1 for major currency pairs, with some pairs limited to 10:1, in compliance with Japanese regulations. Professional clients may access higher leverage but must meet eligibility criteria.
Instruments and Trading Conditions
Dukascopy Japan provides trading in a broad range of asset classes including forex, cryptocurrencies, indices, stocks, bonds, energy, and metals. Forex pairs number 38 on MT4 and 48 on JForex. Spreads are variable and competitive, with a discount fee structure for commissions based on trading volume and account equity.
The broker offers a transparent ECN execution model with no requotes and a countdown confirmation method. Slippage can occur during fast markets. Margin requirements are calculated in real time, and the broker implements a margin call at 100% maintenance level on MT4 and at 100% usage level on JForex.
Funding and Customer Support
Funding is primarily via Japanese bank transfers, with quick deposits free of charge. Withdrawals are also free. Customer support is available via live chat, phone (toll-free number 0120-077-771), and email, operating from 9:00 to 17:00 JST on business days.
The broker also provides educational resources, including webinars and market analysis, though the Japanese website focuses on product details and trading conditions. Social media presence includes Facebook, Instagram, LinkedIn, Twitter/X, and YouTube.
Overview compiled by FXCanary from regulatory records and public data. full Dukascopy Bank review