Dukascopy Bank

Dukascopy Bank SA is a Switzerland-based online brokerage founded in 2004 by Dr Andre Duka and his partner Veronica Duka. The firm employs approximately 300 people and is headquartered at Route de Pré-Bois 20, ICC, Entrance H, 1215 Geneva 15, Switzerland. It presents itself as a licensed bank and brokerage, serving retail clients with a focus on forex and CFD trading. Though the company states it is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the regulatory information on file with FXCanary indicates a Japanese Financial Services Agency (FSA) license for market making. This dual regulatory claim is an important detail for traders to verify independently.

Based on the data we have reviewed, Dukascopy Bank holds an FSA license in Japan under the Market Making (MM) category. The license reference is 関東財務局長（金商）第2408号, and the status is listed as 'Regulated'. This means the broker is authorized to offer forex and CFD trading services to Japanese residents under local regulations. The broker also prominently advertises its Swiss banking license, which suggests a multi-jurisdictional regulatory presence. However, traders from other regions should confirm which entity covers their account, as regulatory protection may vary.

Dukascopy Bank provides two trading platforms: the widely-used MetaTrader 4 (MT4) and its proprietary JForex platform. MT4 is known for its stability, automated trading capabilities, and large community of custom indicators and Expert Advisors. JForex, developed in-house, offers advanced charting tools, integrated economic news, and a backtesting environment that some traders find superior. Both platforms support a range of order types and are available as desktop, web, and mobile applications.

The broker offers two main account types: MT4 and JForex. Both require a minimum deposit of $100 and offer maximum leverage of 1:200. The minimum spread is from 0.1 pips.

Commission structures differ: MT4 accounts incur $8.5 per lot, while JForex accounts incur $35 per $1 million traded (approximately $3.5 per standard lot). This makes the JForex account potentially cheaper for high-volume traders. The available instruments include forex, cryptocurrencies, indices, stocks, bonds, energy, and metals.

Dukascopy Bank supports deposits and withdrawals via Skrill and Neteller. The broker does not disclose a wide range of funding methods, and notably, bank transfers and credit/debit cards—common with other brokers—are not listed as available options. Withdrawal methods are limited to Neteller and Skrill as well. Traders should be aware of the potential for delays, as many user reviews cite pending deposits and slow withdrawals.

Dukascopy Bank appears to target experienced retail traders who value advanced trading tools and are comfortable with a higher level of self-direction. The proprietary JForex platform and the ability to backtest extensively appeal to algorithmic and technical traders. However, the limited funding options and negative reviews around customer support and withdrawal delays suggest the broker may not be suitable for beginners or those who prioritize quick and easy access to funds.