Dukascopy vs FXCM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
FXCM has the higher TFB Score (77/100 vs 67/100).
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.
FXCM operates through Stratos group entities including Stratos Markets Limited (FCA, UK), Stratos Trading Pty Ltd (ASIC, Australia) and Stratos Europe Limited (CySEC), offering Trading Station, MT4 and TradingView. FXCM UK now says new trading accounts are provided through Trade Nation.
67% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | FXCM |
|---|---|---|
| TFB Score | 67/100 | 77/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 34/35▲3 tier-1 regulators (FCA, ASIC, CySEC), investor compensation |
| Fees & costs | 13/25Spreads from 0.1 pips; commission not published | 15/25▲Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20▲Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 14/208 deposit methods, 2 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 14/20▲MT4, TradingView; leverage up to 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA, ASIC, CySEC |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | 50 currency units (PayPal deposits); no account-wide minimum published |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | Not published |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | Zero Commissions (standard accounts; Active Trader accounts use commission-based pricing) |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Debit/Credit card (up to the amount deposited by card), Wire |
| Retail accounts losing money | 75.14% | 67% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · FXCM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or FXCM better?
FXCM has the higher TFB Score (77/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and FXCM regulated?
Dukascopy: FINMA. FXCM: FCA, ASIC, CySEC. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or FXCM?
Dukascopy holds 1 tier-1 licence (FINMA); FXCM holds 3 (FCA, ASIC and CySEC). 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 Dukascopy and FXCM?
Dukascopy: $100 (Dukascopy Bank SA forex account). FXCM: 50 currency units (PayPal deposits); no account-wide minimum published.
Do Dukascopy and FXCM offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. FXCM: Trading Station, MetaTrader 4, TradingView.
What is the maximum leverage at Dukascopy and FXCM?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). FXCM: 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and FXCM?
Dukascopy states 75.14% and FXCM states 67% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More FXCM 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