Dukascopy review 2019

Is Dukascopy a good broker?

Traders looking for a variety of trading instruments on a solid and regulated broker may find Dukascopy to be an excellent choice.

Spread

Account minimum

Regulation

Accepting US citizens

Minimum 0.1 pip on EUR/USD
$100
FINMA
FCMC
No

Dukascopy is based in Switzerland and it is regulated in its home country and in Latvia. Clients with larger accounts than $5,000 trade from the Switzerland branch, while accounts below this amount are opened in the Latvia branch.

Aside from trading Forex, Dukascopy offers CFDs in the form of cryptocurrencies, stocks, indices, bonds and commodities. Traders who want to diversify their portfolio may find these options useful.

What kind of trading platforms does Dukascopy offer?

Dukascopy offers its proprietary Java-based JForex platforms, but you can also use a web-based platform and Meta Trader 4. If you want to trade on the go, you can download the mobile app.

Standout features

  • Low spread. EUR/USD pair spreads start from 0.1 pip with an average of 0.28 pips.
  • Trading platform. You can choose from the proprietary JForex platform, Meta Trader 4, Java-based web platform and mobile platforms.
  • Trading instruments. Trade Forex, CFDs and binary options.
  • Research. Dukascopy offers solid research database from in-house analysts. Also, you get access to video files, sentiment data and more.

Watch out

  • Minimum account opening. If you want to test the platform before committing your money, expect to pay a minimum of $100.

What can I trade with Dukascopy?

  • Currencies
  • Indices
  • Stocks
  • Commodities
  • Bonds
  • Cryptocurrencies
  • Binary options

How do I signup with Dukascopy?

  1. Go to Dukascopy website.
  2. Click Open Live Account at the top of the page.
  3. Fill out the application form and verify your ID.
  4. Fund your account.

Bottom line

Beginner and advanced traders who want access to solid research, a plethora of trading options and excellent trading platforms, could find Dukascopy to be a solid broker.