Dukascopy vs HFM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
HFM has the higher TFB Score (89/100 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.
HFM (HF Markets Group) is a multi-regulated CFD broker offering MT4, MT5, its WebTrader and app, with a Premium account with no minimum deposit and a Zero account charging commission.
80.83% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | HFM |
|---|---|---|
| TFB Score | 67/100 | 89/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 32/35▲2 tier-1 regulators (CySEC, FCA), investor compensation |
| Fees & costs | 13/25Spreads from 0.1 pips; commission not published | 23/25▲All-in cost from 0.00 pips, no commission |
| Deposits & withdrawals | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 19/20▲Minimum deposit No minimum deposit (Premium and Cent accounts; Zero $25, Pro $100, InfinityX $500), 4 deposit methods, 3 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 15/20▲MT4, MT5; leverage up to 1:2000 (international site, HF Markets (SV) Ltd; InfinityX account: unlimited) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | No minimum deposit (Premium and Cent accounts; Zero $25, Pro $100, InfinityX $500) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.0 pips (Zero), 0.3 pips (InfinityX), 0.6 pips (Pro), 1.4 pips (Premium and Cent) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | From $3 per lot (Zero account, $6 round turn per 100,000 units on forex); Premium, Pro, Cent and InfinityX no commission |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | up to 1:2000 (international site, HF Markets (SV) Ltd; InfinityX account: unlimited) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Bank transfer, Credit/debit cards, Alternative methods |
| Retail accounts losing money | 75.14% | 80.83% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · HFM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or HFM better?
HFM has the higher TFB Score (89/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and HFM regulated?
Dukascopy: FINMA. HFM: CySEC, FCA, FSCA, FSA Seychelles, CMA Kenya. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or HFM?
Dukascopy holds 1 tier-1 licence (FINMA); HFM holds 2 (CySEC and FCA). 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 HFM?
Dukascopy: $100 (Dukascopy Bank SA forex account). HFM: No minimum deposit (Premium and Cent accounts; Zero $25, Pro $100, InfinityX $500).
Which has tighter spreads, Dukascopy or HFM?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.0 pips (Zero), 0.3 pips (InfinityX), 0.6 pips (Pro), 1.4 pips (Premium and Cent) at HFM; commission: Dukascopy USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume), HFM From $3 per lot (Zero account, $6 round turn per 100,000 units on forex); Premium, Pro, Cent and InfinityX no commission.
Do Dukascopy and HFM offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. HFM: MetaTrader 4, MetaTrader 5, HFM WebTrader, HFM App.
What is the maximum leverage at Dukascopy and HFM?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). HFM: up to 1:2000 (international site, HF Markets (SV) Ltd; InfinityX account: unlimited). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and HFM?
Dukascopy states 75.14% and HFM states 80.83% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More HFM 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