Dukascopy — Swiss FINMA-licensed bank running the SWFX ECN and JForex platform; volume-based commissions favour large algo traders.
Dukascopy at a glance
| Founded | 2004 |
|---|---|
| Headquarters | Geneva, Switzerland |
| Regulation | FINMA (bank), Latvijas Banka (EU), JFSA |
| Min deposit | $100 EU / CHF 1,000 Swiss |
| EUR/USD spread | 0.2-0.4 + volume commission (~0.7 equiv.) |
| Max leverage | 1:30 EU, up to 1:200 Swiss |
| Platforms | JForex 4, MT4, MT5, web/mobile |
| Instruments | forex, metals, CFDs, crypto, binary options (Swiss) |
| US clients | Not accepted |
| WebTrader score | 78 / 100 |
Our verdict
Dukascopy scores in our ranking, which weights regulatory strength and execution quality first. Verify current conditions on the official site — spreads and leverage vary by entity and region.
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70-80% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. Nothing on this site is investment advice.