Accepts US Clients: No
Min. Deposit: $5000-$100
Leverage: 100:1, 200:1, 300:1
Platforms: Android Trader , Dukascopy Web Platform , Java , Jforex , MetaTrader 4 , MobileTrader
Broker Overview
Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well.
Company Information
| Broker’s Name | Dukascopy Bank SA |
| Website | www.dukascopy.com |
| Headquartered in | Geneva, Switzerland |
| Founded in | 1998 |
| Regulating Authority | FINMA |
| US Clients Accepted |  |
| Telephone Number | 41 22 799 4888 |
| Fax Number | 41 22 799 4880 |
| E-mail Address | info@dukascopy.com |
Account Options
| Type of Broker | ECN |
| Commission | Yes |
| Mini Account |  |
| VIP Account | |
| Segregated Account | |
| Islamic Account (Swap Free) | |
| Demo Account | |
| Institutional Accounts | |
| Managed Accounts | |
| Maximum Leverage | 100:1, 200:1, 300:1 |
| Minimum Deposit | $5000-$100 |
| Deposit Options | Bank Wire Transfer , Credit Card , Custodian Bank , Bank Guarantee |
| Withdrawal Options | Bank Wire Transfer |
Bonus & Rewards
| No Deposit Bonus | |
| Bonus for First Deposit | |
| Is the Bonus Based on the Volume of the Transaction? | |
| Other Bonuses | |
Trading Platform
| Platform Type | Android Trader, Dukascopy Web Platform, Java, Jforex, MetaTrader 4, MobileTrader |
| Platform Languages | Multi-lingual |
| OS Compatibility | Mac OS , iOS , Windows |
| Streaming News Feed | |
| Trading Signals | |
| Automated Trading | |
| Trade From Charts | |
| Market Commentary | |
| E-mail Alerts | |
| Mobile Alerts | |
| Scalping | |
| Hedging | |
| Trailing Stops | |
| Guaranteed Stop Loss | |
| Guaranteed Limit Orders | |
| Guaranteed Fills | |
| Interest on Margin | |
| One-Click Execution | |
| OCO Orders | |
Customer Service
| Customer Support Languages | English, German, Russian, French, Arabic, Chinese, Japanese |
| Customer Service Hours | 24h |
| Place Trades Over the Phone? | |
Dukascopy - Review
Impression
Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well.
Trading Platform
Dukascopy offers a few different choices for platforms. JForex is their standalone version of the Java based platform, although the two operate identically. 
The broker also offers a Web-based platform and iPhone/iPad platform. There is also a beta test of Metatrader4, but this has been ongoing and is long overdue to be implemented.
Customer Service
Dukascopy has phone and live trading support via phone for traders, 24 hours a day during the Forex market hours.
Reliability
Being one of the original ECN brokers, Dukascopy has plenty of former and current customers that can attest to its reliability and dependability. Being regulated and a Swiss bank – there are plenty of protections for the customer.
Commissions and Spreads
Dukascopy charges a staggered list of commissions for their trading services depending on the size of your account. For the smallest accounts, it can be as high as $48 per million traded, and for larger accounts, it gets as cheap as $5 per million traded.
Promotions
Dukascopy will often have trading contests, on both live and demo accounts. Check the website for the latest one.
Conclusion
Dukascopy is a value-packed broker for a professional setting in the Forex world. The broker has long been known to be reliable, honest, and cheap in their commissions. While there are no micro accounts, if you have a decent sized account, this is a good choice for you.
Pros:
- Variable spreads. This keeps the spread tight, which is one of your biggest expenses as a trader.
- The JForex platform is well-known and reliable. It has been used for several years, and is very stable.
- Accounts can be started with as little as $1000, fairly low for a true ECN.
- Dukascopy now allows trading of spot precious metals.
Cons:
- The variable spreads can be an issue during news events, but only if you are looking to scalp the news announcement.
- Deposits are only allowed via bank wires.