Dukascopy Bank

Dukascopy is a Swiss online bank that provides internet-based trading services (focusing on foreign exchange, bullion, and CFDs), banking, and other financial services. It offers a unique ECN (Electronic Communication Network) trading environment, meaning clients trade directly with the market (SWFX - Swiss FX Marketplace) rather than against the broker.

Beyond trading, Dukascopy offers a multi-currency bank account and a crypto-friendly environment where users can deposit and hold digital assets. It is highly regulated by FINMA, ensuring the highest level of security for client funds. It caters to professional traders seeking transparency and deep liquidity.

Frequently Asked Questions

1. Is Dukascopy a regulated bank?

Yes, Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) both as a bank and a securities dealer. This provides clients with Swiss deposit protection up to CHF 100,000.

2. specific minimum deposit?

The minimum deposit to open a trading account is $100, though a higher balance is recommended for proper risk management. Accounts can be opened in multiple currencies including USD, CHF, EUR, and GBP.

3. Can I trade crypto?

Yes, Dukascopy allows clients to trade CFDs on cryptocurrencies or buy actual crypto through their MCA (Multi-Currency Account). They even issued their own cryptocurrency called Dukascoin (DUK+).

4. What is the JForex platform?

JForex is Dukascopy's proprietary trading platform, designed for manual and automated trading. It supports Java programming for creating custom strategies and offers extensive historical data for backtesting.

5. Is it available to US residents?

No, Dukascopy Bank does not accept US clients for trading accounts due to US regulations. However, they operate a subsidiary in Japan and Europe to serve other international markets.