Dukascopy vs InstaForex 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
InstaForex has the higher TFB Score (85/100 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.
InstaForex operates a BVI-licensed global entity and a CySEC-regulated EU entity (Instant Trading EU Ltd), offering MetaTrader 4 and MetaTrader 5.
77.95% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | InstaForex |
|---|---|---|
| TFB Score | 67/100 | 85/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 28/35▲1 tier-1 regulator (CySEC), 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 1 USD (Insta.Standard, global InstaFinance Ltd; 1 EUR/USD/GBP at Instant Trading EU Ltd), 6 deposit methods, 6 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 1:30 for EU retail clients (Instant Trading EU Ltd; global InstaFinance Ltd site shows up to 1:5000) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | CySEC, BVI FSC |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | 1 USD (Insta.Standard, global InstaFinance Ltd; 1 EUR/USD/GBP at Instant Trading EU Ltd) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0 pips (Insta.Raw, with a fixed 0.5 USD commission; global entity) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | Fixed commission of 0.5 USD on Insta.Raw (Insta.Standard and Insta.Pro: no commission; EU ECN accounts from $2.5 per 100k traded) |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 1:30 for EU retail clients (Instant Trading EU Ltd; global InstaFinance Ltd site shows up to 1:5000) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Visa, Mastercard, Neteller, Skrill, SEPA (bank transfer), SWIFT (bank transfer) |
| Retail accounts losing money | 75.14% | 77.95% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · InstaForex review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or InstaForex better?
InstaForex has the higher TFB Score (85/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and InstaForex regulated?
Dukascopy: FINMA. InstaForex: CySEC, BVI FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or InstaForex?
Dukascopy holds 1 tier-1 licence (FINMA); InstaForex holds 1 (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 InstaForex?
Dukascopy: $100 (Dukascopy Bank SA forex account). InstaForex: 1 USD (Insta.Standard, global InstaFinance Ltd; 1 EUR/USD/GBP at Instant Trading EU Ltd).
Which has tighter spreads, Dukascopy or InstaForex?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0 pips (Insta.Raw, with a fixed 0.5 USD commission; global entity) at InstaForex; 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), InstaForex Fixed commission of 0.5 USD on Insta.Raw (Insta.Standard and Insta.Pro: no commission; EU ECN accounts from $2.5 per 100k traded).
Do Dukascopy and InstaForex offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. InstaForex: MetaTrader 4, MetaTrader 5, WebTrader, MultiTerminal.
What is the maximum leverage at Dukascopy and InstaForex?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). InstaForex: 1:30 for EU retail clients (Instant Trading EU Ltd; global InstaFinance Ltd site shows up to 1:5000). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and InstaForex?
Dukascopy states 75.14% and InstaForex states 77.95% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More InstaForex 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