Dukascopy vs ThinkMarkets 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
ThinkMarkets has the higher TFB Score (91/100 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.
ThinkMarkets is a forex and CFD broker founded in 2010, offering ThinkTrader, MetaTrader 4 and MetaTrader 5, with entities regulated by the FCA, ASIC, CySEC and the FSA Seychelles.
75% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | ThinkMarkets |
|---|---|---|
| TFB Score | 67/100 | 91/100▲ |
| 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 (ThinkTrader account; Standard $50, ThinkZero $100), 7 deposit methods, 3 withdrawal methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 18/20▲MT4, MT5, TradingView; leverage up to 2500:1 (ThinkTrader account, TF Global Markets Int Limited, FSA Seychelles; 500:1 on Standard and ThinkZero) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA, ASIC, CySEC, FSA Seychelles |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | $10 (ThinkTrader account; Standard $50, ThinkZero $100) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | 0.0 pips (ThinkZero; Standard and ThinkTrader from 0.4 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) | ThinkZero: USD 7 per round turn lot on forex and metals; Standard and ThinkTrader: none |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | up to 2500:1 (ThinkTrader account, TF Global Markets Int Limited, FSA Seychelles; 500:1 on Standard and ThinkZero) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Return to source (same method as deposit), Bank wire, USDT (for crypto deposits) |
| Retail accounts losing money | 75.14% | 75% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · ThinkMarkets review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or ThinkMarkets better?
ThinkMarkets has the higher TFB Score (91/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and ThinkMarkets regulated?
Dukascopy: FINMA. ThinkMarkets: FCA, ASIC, CySEC, FSA Seychelles. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or ThinkMarkets?
Dukascopy holds 1 tier-1 licence (FINMA); ThinkMarkets 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 ThinkMarkets?
Dukascopy: $100 (Dukascopy Bank SA forex account). ThinkMarkets: $10 (ThinkTrader account; Standard $50, ThinkZero $100). ThinkMarkets asks for less to start.
Which has tighter spreads, Dukascopy or ThinkMarkets?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and 0.0 pips (ThinkZero; Standard and ThinkTrader from 0.4 pips) at ThinkMarkets; 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), ThinkMarkets ThinkZero: USD 7 per round turn lot on forex and metals; Standard and ThinkTrader: none.
Do Dukascopy and ThinkMarkets offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. ThinkMarkets: ThinkTrader, MetaTrader 4, MetaTrader 5, TradingView (ThinkTrader accounts only).
What is the maximum leverage at Dukascopy and ThinkMarkets?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). ThinkMarkets: up to 2500:1 (ThinkTrader account, TF Global Markets Int Limited, FSA Seychelles; 500:1 on Standard and ThinkZero). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and ThinkMarkets?
Dukascopy states 75.14% and ThinkMarkets states 75% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More ThinkMarkets 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