Dukascopy Review 2021
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| Dukascopy is a Swiss-based forex, CFD, and binary options broker | ||
Dukascopy is a multiple award-winning broker that provides access to Forex, CFDs, binary options, indices, shares, commodities, metals, cryptocurrencies, bonds. Dukascopy allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Dukascopy has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.
Dukascopy also gives traders access to 3 cryptocurrencies: BTC, ETH and LTC.
Careful traders will be reassured knowing that Dukascopy is licensed to offer trading services by several regulators, 3 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
Dukascopy Summary
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, binary options, indices, shares, commodities, metals, cryptocurrencies, bonds |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | FINMA, FCMC, JFSA |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes - EAs are compatible |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
| Leverage | 1:200 |
|---|---|
| FTSE Spread | 166 |
| GBPUSD Spread | N/A |
| Oil Spread | 5.1 |
| Stocks Spread | Start from 0.1 |
Forex Trading
Dukascopy offers FX trading on over 60 currency pairs
| GBPUSD Spread | 1 |
|---|---|
| EURUSD Spread | 0.3 |
| EURGBP Spread | 0.9 |
| Assets | 63 |
Cryptocurrency Trading
Bitcoin, Ethereum and Litecoin CFDs
| Spread | Start from 0.1 |
|---|---|
| Coins | BTC, ETH, LTC |
Binary Options Trading
Binary options are available on 18 forex currency pairs
| Payout Percent | 90 |
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Payment Methods
Dukascopy accepts the following payment methods:
- Neteller
- Wire Transfer
- Mastercard
Awards
Dukascopy is a multiple award-winning broker, with 7 awards received so far.
- Best Forex Trading Apps, 2019
- Best Platform & Mobile Trading, 2018
- Best Forex Bank, 2018
- Best Forex ECN/STP Forex Broker, 2018
- Best Provider of Liquidity, 2017
- Best Trading Platform, 2016
- Binary Options Broker of the Year, 2015
FAQ
Is Dukascopy Safe?
Yes, most likely, as we gave Dukascopy a trust score of 70% in our review. The main negative factor in this score is that Dukascopy is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Dukascopy Accept PayPal?
No, Dukascopy does not accept PayPal payments.
Is Dukascopy Halal?
Yes, Dukascopy does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Dukascopy support?
Dukascopy only supports the MetaTrader 4 trading platform at this time.
Is Dukascopy Regulated?
Yes, Dukascopy is regulated by 3 different regulators: FINMA, FCMC and JFSA.
The fact that Dukascopy is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
Dukascopy vs Other Brokers
If you want to compare Dukascopy with other brokers, use the detailed comparisons below.
Dukascopy vs |
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| Dukascopy is a Swiss-based forex, CFD, and binary options broker | ||