BlackBull Markets vs Dukascopy 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
BlackBull Markets has the higher TFB Score (77/100 vs 67/100).
BlackBull Markets is a New Zealand-founded forex and CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView, operating through an FMA-licensed NZ entity and an FSA Seychelles-licensed entity.
Dukascopy Bank SA is a Swiss bank founded in Geneva in 2004 and regulated by FINMA as a bank and securities firm, with an EU arm Dukascopy Europe IBS AS in Riga, offering JForex 4 and MetaTrader 4 with volume-based commissions.
75.14% of retail CFD accounts lose money with this provider.
Side by side
| Item | BlackBull Markets | Dukascopy |
|---|---|---|
| TFB Score | 77/100▲ | 67/100 |
| Regulation & safety | 18/35Strongest licence FMA (NZ) (tier 2), client money kept apart | 25/35▲1 tier-1 regulator (FINMA), client money kept apart |
| Fees & costs | 21/25▲All-in cost from 0.60 pips | 13/25Spreads from 0.1 pips; commission not published |
| Deposits & withdrawals | 18/20▲Minimum deposit No minimum deposit (funding method minimums may apply), 8 deposit methods, 8 withdrawal methods | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods |
| Platforms & trading | 20/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:500 on forex and metals (BBG Limited) | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FSA (Seychelles), FMA (NZ) / FSPR | FINMA |
| Minimum deposit | No minimum deposit (funding method minimums may apply) | $100 (Dukascopy Bank SA forex account) |
| Spreads from | 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) | 0.1 pips (variable, SWFX marketplace) |
| Commission | ECN Prime: US$3 per lot per side; ECN Standard: $0 | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) |
| Max leverage | 1:500 on forex and metals (BBG Limited) | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) |
| Platforms | ||
| Withdrawal methods | Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller, Crypto, Bank Transfer | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether |
| Retail accounts losing money | Not published | 75.14% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: BlackBull Markets review · Dukascopy review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is BlackBull Markets or Dukascopy better?
BlackBull Markets has the higher TFB Score (77/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are BlackBull Markets and Dukascopy regulated?
BlackBull Markets: FSA (Seychelles), FMA (NZ) / FSPR. Dukascopy: FINMA. Every licence is linked to the regulator's register on each review.
Which is safer, BlackBull Markets or Dukascopy?
BlackBull Markets holds no tier-1 licence; Dukascopy holds 1 (FINMA). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at BlackBull Markets and Dukascopy?
BlackBull Markets: No minimum deposit (funding method minimums may apply). Dukascopy: $100 (Dukascopy Bank SA forex account).
Which has tighter spreads, BlackBull Markets or Dukascopy?
Published spreads start from 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) at BlackBull Markets and 0.1 pips (variable, SWFX marketplace) at Dukascopy; commission: BlackBull Markets ECN Prime: US$3 per lot per side; ECN Standard: $0, Dukascopy USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume).
Do BlackBull Markets and Dukascopy offer MetaTrader and TradingView?
Both offer MetaTrader 4. BlackBull Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView, BlackBull CopyTrader. Dukascopy: JForex 4, MetaTrader 4.
What is the maximum leverage at BlackBull Markets and Dukascopy?
BlackBull Markets: 1:500 on forex and metals (BBG Limited). Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). Leverage depends on the company that opens your account and on your country.
More BlackBull Markets comparisons
More Dukascopy comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning