Dukascopy vs Swissquote 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Swissquote 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.
Swissquote serves UK clients through Swissquote Ltd (FCA 562170), part of the Swiss-listed Swissquote banking group, with Premium, Prime and Elite forex and CFD accounts on MetaTrader 4 and 5.
78.23% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | Swissquote |
|---|---|---|
| TFB Score | 67/100 | 71/100▲ |
| 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 | 22/25▲All-in cost from 0.00 pips, no commission |
| Deposits & withdrawals | 16/20▲Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 9/20Minimum deposit USD 1,000 or the same in EUR, GBP or CHF (Premium account), 1 deposit method, 1 withdrawal method |
| Platforms & trading | 13/20▲MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 12/20MT4, MT5 |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | USD 1,000 or the same in EUR, GBP or CHF (Premium account) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.0 pips (Elite account; Prime from 0.6 pips, Premium from 1.3 pips) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | EUR 2,5 per side per lot traded (Elite account; Premium and Prime have zero commissions) |
| 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 | Online forms in the 'Payments & Transfers' section |
| Retail accounts losing money | 75.14% | 78.23% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · Swissquote review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or Swissquote better?
Swissquote has the higher TFB Score (71/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and Swissquote regulated?
Dukascopy: FINMA. Swissquote: FCA. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or Swissquote?
Dukascopy holds 1 tier-1 licence (FINMA); Swissquote 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 Swissquote?
Dukascopy: $100 (Dukascopy Bank SA forex account). Swissquote: USD 1,000 or the same in EUR, GBP or CHF (Premium account).
Which has tighter spreads, Dukascopy or Swissquote?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.0 pips (Elite account; Prime from 0.6 pips, Premium from 1.3 pips) at Swissquote; 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), Swissquote EUR 2,5 per side per lot traded (Elite account; Premium and Prime have zero commissions).
Do Dukascopy and Swissquote offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. Swissquote: MetaTrader 4, MetaTrader 5.
How many retail accounts lose money at Dukascopy and Swissquote?
Dukascopy states 75.14% and Swissquote states 78.23% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More Swissquote 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