Dukascopy vs OANDA 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
OANDA has the higher TFB Score (76/100 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.
OANDA serves UK clients through OANDA Europe Limited (FCA 542574) with spread-only pricing from 0.6 pips on EUR/USD, no minimum deposit, and the OANDA web and mobile platforms, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | OANDA |
|---|---|---|
| TFB Score | 67/100 | 76/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 28/35▲1 tier-1 regulator (FCA), investor compensation |
| Fees & costs | 13/25Spreads from 0.1 pips; commission not published | 14/25▲Spreads from 0.6 pips; commission not published |
| Deposits & withdrawals | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 17/20▲Minimum deposit No minimum deposit (OANDA Europe Limited, UK), 3 deposit methods, 2 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 17/20▲MT4, MT5, TradingView; leverage up to 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | No minimum deposit (OANDA Europe Limited, UK) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.6 pips EUR/USD (UK) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | Not published |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Credit/debit card, Bank transfer |
| Retail accounts losing money | 75.14% | 76.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · OANDA review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or OANDA better?
OANDA has the higher TFB Score (76/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and OANDA regulated?
Dukascopy: FINMA. OANDA: FCA. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or OANDA?
Dukascopy holds 1 tier-1 licence (FINMA); OANDA holds 1 (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 OANDA?
Dukascopy: $100 (Dukascopy Bank SA forex account). OANDA: No minimum deposit (OANDA Europe Limited, UK).
Which has tighter spreads, Dukascopy or OANDA?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.6 pips EUR/USD (UK) at OANDA; 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), OANDA none listed.
Do Dukascopy and OANDA offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. OANDA: OANDA web, OANDA mobile, MetaTrader 4, MetaTrader 5, TradingView.
What is the maximum leverage at Dukascopy and OANDA?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). OANDA: 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and OANDA?
Dukascopy states 75.14% and OANDA states 76.6% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More OANDA 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