Dukascopy vs Pepperstone 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Pepperstone has the higher TFB Score (92/100 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.
Pepperstone is a CFD broker founded in Melbourne in 2010, offering Standard and Razor accounts on its own platform, MT4, MT5, TradingView and cTrader, through entities regulated by the FCA, ASIC, CySEC, DFSA and the Securities Commission of The Bahamas.
73.6% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | Pepperstone |
|---|---|---|
| TFB Score | 67/100 | 92/100▲ |
| 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 | 22/25▲All-in cost from 0.70 pips |
| Deposits & withdrawals | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 17/20▲Minimum deposit $10 (no minimum for domestic bank transfers), 10 deposit methods, 10 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 19/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA, ASIC, CySEC, DFSA, SCB |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | $10 (no minimum for domestic bank transfers) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.0 pips (Razor, FX) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | USD 3.50 per lot per side (Razor, FX and spot gold) |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Apple Pay, Google Pay, Visa, Mastercard, Bank transfer, PayPal, Neteller, Skrill, Crypto, Union Pay (UPOP) |
| Retail accounts losing money | 75.14% | 73.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · Pepperstone review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or Pepperstone better?
Pepperstone has the higher TFB Score (92/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and Pepperstone regulated?
Dukascopy: FINMA. Pepperstone: FCA, ASIC, CySEC, DFSA, SCB. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or Pepperstone?
Dukascopy holds 1 tier-1 licence (FINMA); Pepperstone 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 Pepperstone?
Dukascopy: $100 (Dukascopy Bank SA forex account). Pepperstone: $10 (no minimum for domestic bank transfers). Pepperstone asks for less to start.
Which has tighter spreads, Dukascopy or Pepperstone?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.0 pips (Razor, FX) at Pepperstone; 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), Pepperstone USD 3.50 per lot per side (Razor, FX and spot gold).
Do Dukascopy and Pepperstone offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. Pepperstone: Pepperstone platform, MT4, MT5, TradingView, cTrader.
What is the maximum leverage at Dukascopy and Pepperstone?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). Pepperstone: 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and Pepperstone?
Dukascopy states 75.14% and Pepperstone states 73.6% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More Pepperstone 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