Dukascopy vs Trade Nation 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Trade Nation has the higher TFB Score (78/100 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.
Trade Nation is a London-headquartered spread betting and CFD broker trading since 2014, FCA-authorised (FRN 525164) and also licensed by ASIC, CMVM, FSCA, the Securities Commission of the Bahamas and the FSA Seychelles, offering fixed spreads on TN Trader, TradingView and MT4.
73.8% of retail CFD accounts lose money with this provider.
Side by side
| Item | Dukascopy | Trade Nation |
|---|---|---|
| TFB Score | 67/100 | 78/100▲ |
| Regulation & safety | 25/351 tier-1 regulator (FINMA), client money kept apart | 32/35▲2 tier-1 regulators (FCA, ASIC), investor compensation |
| Fees & costs | 13/25Spreads from 0.1 pips; commission not published | 15/25▲Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 16/20Minimum deposit £0.01 to £5 depending on payment method (UK; the global site lists USD $50), 8 deposit methods, 1 withdrawal method |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 15/20▲MT4, TradingView; leverage up to 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FINMA | FCA, ASIC, CMVM, FSCA, SCB, FSA Seychelles |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | £0.01 to £5 depending on payment method (UK; the global site lists USD $50) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | Fixed spreads (TN Trader and TradingView; variable option on commodities) |
| Commission | USD 35 per USD 1 million traded on currency pairs (volume commission per opening or closing trade; lower with higher deposits or volume) | Zero commission (spread only) |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Same method used to deposit |
| Retail accounts losing money | 75.14% | 73.8% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · Trade Nation review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or Trade Nation better?
Trade Nation has the higher TFB Score (78/100 vs 67/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and Trade Nation regulated?
Dukascopy: FINMA. Trade Nation: FCA, ASIC, CMVM, FSCA, SCB, FSA Seychelles. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or Trade Nation?
Dukascopy holds 1 tier-1 licence (FINMA); Trade Nation holds 2 (FCA and ASIC). 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 Trade Nation?
Dukascopy: $100 (Dukascopy Bank SA forex account). Trade Nation: £0.01 to £5 depending on payment method (UK; the global site lists USD $50).
Which has tighter spreads, Dukascopy or Trade Nation?
Published spreads start from 0.1 pips (variable, SWFX marketplace) at Dukascopy and Fixed spreads (TN Trader and TradingView; variable option on commodities) at Trade Nation; 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), Trade Nation Zero commission (spread only).
Do Dukascopy and Trade Nation offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. Trade Nation: TN Trader, TradingView, MT4.
What is the maximum leverage at Dukascopy and Trade Nation?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). Trade Nation: 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA). Leverage depends on the company that opens your account and on your country.
How many retail accounts lose money at Dukascopy and Trade Nation?
Dukascopy states 75.14% and Trade Nation states 73.8% of retail investor accounts lose money when trading CFDs with them.
More Dukascopy comparisons
More Trade Nation 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