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Dukascopy Review
Dukascopy is a Swiss bank and forex broker in Geneva, regulated by FINMA, with linked units in Latvia and Japan and its own JForex trading platform.
Min Deposit
$100
Spreads From
0.1 pips on JForex ECN accounts
Max Leverage
1:200 on JForex, 1:100 on MetaTrader, for eligible non EU clients
Platforms
JForex, MetaTrader 4
Pros
- Dukascopy Bank SA holds a full Swiss banking and securities license from FINMA
- Extra licensed units operate in Latvia and Japan, not just Switzerland
- JForex is a true ECN platform pulling prices from over 20 banks
- Leverage up to 1:200 is possible since Swiss rules skip the EU cap
- Clients can also hold a linked bank account and card with the same group
Cons
- A 2014 Zurich court case ordered Dukascopy to return CHF 775,000 in profit
- Independent reviewers report slow withdrawals and repeat identity checks
- The United States and several sanctioned countries are fully excluded
- Minimum deposits and fees can run higher than many online only rivals
Dukascopy Bank SA started as a small Geneva brokerage in 2004, built by Andre and Veronika Duka. FINMA granted it a full banking license in 2010 and added securities dealer status soon after. The group now also runs licensed units in Latvia and Japan, plus a branch in Lugano.
The bank runs its own JForex platform on an ECN model linked to more than 20 banks, alongside MetaTrader 4 and MetaTrader 5. JForex spreads start near 0.1 pips, and leverage can reach 1:200, since Swiss rules are not capped like EU rules. Dukascopy also offers current accounts and cards through its banking side.
In 2014, a Zurich court confirmed a client churning case run by outside investment managers and ordered Dukascopy to return CHF 775,000 in related profit, though no criminal charge hit the bank itself. Independent reviews still mention slow payouts and repeat document checks. Dukascopy does not accept clients from the United States or a short list of sanctioned countries.
Min. Deposit
USD 100
Max Leverage
1:200 on JForex, 1:100 on MetaTrader, for eligible non EU clients
Spreads From
0.1 pips on JForex ECN accounts
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Last verified: April 26, 2026
