City Index vs Dukascopy 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
City Index has the higher TFB Score (81/100 vs 67/100).
City Index (now shown as StoneX Trading on its site) is a trading name of StoneX Financial Ltd, regulated by the FCA (446717), offering spread bets and CFDs on its Web Trader with TradingView charts and MT4.
68% of retail CFD accounts lose money with this provider.
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 | City Index | Dukascopy |
|---|---|---|
| TFB Score | 81/100▲ | 67/100 |
| Regulation & safety | 28/35▲1 tier-1 regulator (FCA), investor compensation | 25/351 tier-1 regulator (FINMA), client money kept apart |
| Fees & costs | 23/25▲All-in cost from 0.50 pips, no commission | 13/25Spreads from 0.1 pips; commission not published |
| Deposits & withdrawals | 19/20▲Minimum deposit £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum), 3 deposit methods, 3 withdrawal methods | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods |
| Platforms & trading | 11/20MT4, TradingView; leverage up to 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd) | 13/20▲MT4; 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 | FCA | FINMA |
| Minimum deposit | £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum) | $100 (Dukascopy Bank SA forex account) |
| Spreads from | 0.5 pts (MT4 account, variable, as low as 0.5pts; Standard account as low as 0.8pts) | 0.1 pips (variable, SWFX marketplace) |
| Commission | None (MT4 account: none except shares markets; Standard account: none) | 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 | 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd) | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) |
| Platforms | ||
| Withdrawal methods | Debit card, Credit card, Bank transfer | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether |
| Retail accounts losing money | 68% | 75.14% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · Dukascopy review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is City Index or Dukascopy better?
City Index has the higher TFB Score (81/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are City Index and Dukascopy regulated?
City Index: FCA. Dukascopy: FINMA. Every licence is linked to the regulator's register on each review.
Which is safer, City Index or Dukascopy?
City Index holds 1 tier-1 licence (FCA); 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 City Index and Dukascopy?
City Index: £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum). Dukascopy: $100 (Dukascopy Bank SA forex account).
Which has tighter spreads, City Index or Dukascopy?
Published spreads start from 0.5 pts (MT4 account, variable, as low as 0.5pts; Standard account as low as 0.8pts) at City Index and 0.1 pips (variable, SWFX marketplace) at Dukascopy; commission: City Index None (MT4 account: none except shares markets; Standard account: none), 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 City Index and Dukascopy offer MetaTrader and TradingView?
Both offer MetaTrader 4. City Index: City Index Web Trader (TradingView charts), MetaTrader 4, TradingView. Dukascopy: JForex 4, MetaTrader 4.
What is the maximum leverage at City Index and Dukascopy?
City Index: 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd). 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.
How many retail accounts lose money at City Index and Dukascopy?
City Index states 68% and Dukascopy states 75.14% of retail investor accounts lose money when trading CFDs with them.
More City Index 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