Dukascopy review
Trust 8.9/10Geneva-based Swiss bank broker with FINMA and JFSA regulation, running an ECN model on its proprietary JForex platform. Tight raw spreads and CHF 100,000 investor protection make it a serious pick for algo and systematic traders.
FINMA
JFSA
FCMC
HQ Geneva, Switzerland
Est. 1998
Segregated client funds. Affiliate link — supports the site at no cost to you.
At a glance
Min deposit
$100
Max leverage
1:200
EUR/USD spread
0.20 pips
Commission
$7/lot
Pros
- Swiss FINMA bank-grade regulation
- JForex proprietary platform with deep ECN liquidity
- Tight raw spreads from 0.2 pips
- Investor protection up to CHF 100,000
- Negative balance protection
Cons
- $1,000 minimum for MT4/MT5 accounts
- JForex has steeper learning curve than MT4
- No US clients
- Inactivity fees apply
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.20 pips |
| Commission per standard lot | $7 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 24 hours |
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Base currencies | USD, EUR, GBP, CHF, JPY |
Best for
Algo traders
Day traders
Scalpers