Broker Review Contents
Forex.com vs Dukascopy – Which Broker Offers Better Value in 2025?
In the forex trading world, both Forex.com and Dukascopy stand as respected names offering distinct value. Forex.com leads with global regulatory strength and accessibility for retail traders, while Dukascopy appeals to advanced traders who seek Swiss banking-grade security, high liquidity, and transparency.
This comparison evaluates how these two brokers stack up on regulation, spreads, platforms, tools, education, and overall trader experience, helping you decide which aligns with your 2025 trading ambitions.
Broker Background
Forex.com was established in 2001 and is part of StoneX Group Inc., a U.S.-based Fortune 100 company listed on NASDAQ. It caters to over 300,000 clients globally and is one of the few brokers licensed in the U.S.
Dukascopy was founded in 2004 and is headquartered in Geneva, Switzerland. The broker is known for operating as a Swiss bank, offering access to its proprietary SWFX Swiss FX Marketplace and strong banking-grade infrastructure.
| Feature | Forex.com | Dukascopy |
|---|---|---|
| Founded | 2001 | 2004 |
| Headquarters | USA | Switzerland |
| Ownership | StoneX Group Inc. (Public, NASDAQ) | Private (Swiss Bank) |
| Client Base | 300,000+ globally | 100,000+ globally |
Regulatory Oversight
Forex.com maintains licenses in multiple Tier-1 jurisdictions:
- CFTC and NFA (USA)
- FCA (UK)
- ASIC (Australia)
- IIROC (Canada)
- CySEC (Europe)
Dukascopy is regulated by:
- FINMA (Switzerland, as a bank and securities dealer)
- FCMC (Latvia)
- JFSA (Japan)
- ESMA (EU oversight via EU subsidiaries)
Both brokers are exceptionally well-regulated, though Dukascopy holds the added distinction of being a licensed Swiss bank.
Trading Platforms
Forex.com offers:
- MetaTrader 4 and MetaTrader 5
- WebTrader
- Advanced Trading Platform
- TradingView integration
- Native mobile apps
Dukascopy provides:
- JForex 3 and JForex Web
- MetaTrader 4 (limited)
- Java-based trading infrastructure
- Mobile apps for iOS and Android
Dukascopy’s JForex suite is ideal for algorithmic and strategy-based traders. Forex.com offers more flexibility, especially for beginners and those using MT5 or TradingView.
Tradable Assets
| Asset Type | Forex.com | Dukascopy |
|---|---|---|
| Forex Pairs | 80+ | 60+ |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Stocks (CFDs) | Yes | Yes |
| ETFs | Yes | No |
| Cryptocurrencies | Yes | Yes |
| Bonds | No | Yes |
| Binary Options | No | Yes |
Forex.com offers more ETF options, while Dukascopy introduces unique instruments like bonds and binary options, not commonly found on most platforms.
Account Types and Minimum Deposits
Forex.com:
- Standard Account
- Commission (RAW) Account
- DMA (Direct Market Access)
- Islamic (swap-free)
- Minimum deposit: $100
Dukascopy:
- ECN Account (same conditions for all)
- Islamic (upon request)
- Minimum deposit: $1,000 (desktop), $100 (mobile app account)
Forex.com is more beginner-friendly with its low deposit requirement, while Dukascopy expects larger capital but offers ECN conditions for all clients.
Spreads and Fees
Forex.com:
- Standard: From 1.0 pip
- RAW: From 0.2 pip + $5/lot
- DMA: Variable institutional pricing
- No deposit/withdrawal fees (varies by method)
Dukascopy:
- Spreads from 0.1 pips + commission (starting at $3.5 per side per lot)
- Dynamic volume-based commission structure
- No markup on spreads
- Fees for inactivity and some withdrawal methods
Dukascopy is built for transparency and ECN pricing, while Forex.com offers more flexibility depending on the account type.
Execution Model and Speed
Forex.com uses:
- Market maker and STP models
- Access to deep liquidity via DMA
- Strong institutional execution via TradingView
Dukascopy operates on:
- ECN model via SWFX marketplace
- Anonymous order book
- Bank-grade infrastructure
Dukascopy offers true ECN execution, appealing to pros and institutions, while Forex.com caters to a broader retail audience with more execution options.
Leverage and Margin
| Region | Forex.com | Dukascopy |
|---|---|---|
| UK/EU Retail | 1:30 | 1:30 |
| US Clients | 1:50 | Not available |
| Global | Up to 1:200 | Up to 1:100 |
Forex.com offers higher leverage in non-restricted regions. Dukascopy remains conservative, emphasizing safety and capital protection.
Education and Research
Forex.com provides:
- Webinars and tutorials
- Market insights
- Trading courses
- Daily market analysis
- Strategy tools via Autochartist and Trading Central
Dukascopy includes:
- JForex API and coding resources
- Economic calendar
- News feed
- Simple webinars and updates
Forex.com excels in beginner and intermediate learning paths. Dukascopy is more focused on professional development and automated strategy building.
Mobile Experience
Forex.com app features:
- Charting tools
- Watchlists and alerts
- Integrated TradingView support
Dukascopy mobile app:
- JForex Mobile
- Wealth app for banking and trading
- Price alerts and trade execution
Both provide strong mobile offerings, though Forex.com feels more intuitive for multi-asset retail traders.
Customer Support
Forex.com:
- 24/5 support
- Live chat, phone, email
- Local support in major regions
Dukascopy:
- 24/6 support
- Multilingual live chat
- Swiss-based team with client desk access
Dukascopy provides more tailored support for institutional and high-net-worth traders, while Forex.com offers broader, faster global help for retail users.
Summary Table
| Feature | Forex.com | Dukascopy |
|---|---|---|
| Regulation | US, UK, AU, EU, CA | Swiss Bank, EU, Japan |
| Platform Options | MT4, MT5, TradingView, WebTrader | JForex 3, MT4 |
| Minimum Deposit | $100 | $1,000 (desktop), $100 (mobile) |
| Trading Model | Market Maker, STP, DMA | ECN via SWFX |
| Spreads | From 0.2 pip + commission | From 0.1 pip + commission |
| Instruments | Forex, CFDs, ETFs, Crypto | Forex, Bonds, Crypto, Binary |
| Execution | Fast with DMA | True ECN with order book |
| Leverage (Global Max) | Up to 1:200 | Up to 1:100 |
| Tools and Education | Trading Central, Autochartist | JForex API, strategy coding |
| Ideal For | Retail and intermediate traders | Advanced and institutional traders |
Which Broker Offers Better Value?
Forex.com is a solid choice for beginners, intermediate, and professional traders who value strong regulation, platform flexibility, and access to a variety of markets. It’s more accessible in terms of minimum capital, offers multiple account types, and is ideal for global retail traders.
Dukascopy shines for experienced traders looking for transparency, ECN trading, and Swiss banking-grade trust. With JForex and SWFX, it’s engineered for algo traders and institutions, though less suited for casual retail users.
