Dukascopy vs IronFX 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
IronFX has the higher TFB Score (71/100 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.
IronFX is a multi-entity CFD broker whose Cyprus entity Notesco Financial Services Limited is CySEC-licensed (125/10), offering MT4, WebTrader and copy/PAMM tools.
59.09% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | IronFX |
|---|---|---|
| TFB Score | 67/100 | 71/100▲ |
| 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 | 14/25▲Spreads from 0 pips; commission not published |
| Deposits & withdrawals | 16/20▲Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 15/205 deposit methods, 1 withdrawal method |
| Platforms & trading | 13/20▲MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 10/20MT4 |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | CySEC, FCA, BVI FSC |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | Not published |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0 pips (Raw ECN, with commission); 1.2 pips average on Standard accounts |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | No trading commissions (Absolute Zero STP/ECN account); other STP/ECN accounts charge commission |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | Not published |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Same method used to fund the account |
| Retail accounts losing money | 75.14% | 59.09% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · IronFX review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or IronFX better?
IronFX has the higher TFB Score (71/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and IronFX regulated?
Dukascopy: FINMA. IronFX: CySEC, FCA, BVI FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or IronFX?
Dukascopy holds 1 tier-1 licence (FINMA); IronFX holds 2 (CySEC and FCA). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
Which has tighter spreads, Dukascopy or IronFX?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0 pips (Raw ECN, with commission); 1.2 pips average on Standard accounts at IronFX; 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), IronFX No trading commissions (Absolute Zero STP/ECN account); other STP/ECN accounts charge commission.
Do Dukascopy and IronFX offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. IronFX: MetaTrader 4, WebTrader, PAMM, TradeCopier.
How many retail accounts lose money at Dukascopy and IronFX?
Dukascopy states 75.14% and IronFX states 59.09% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More IronFX 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