HomeCompareFBS vs DukascopyNorway
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Data verified
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Norway
Complete Head-to-Head Comparison · 2026

FBS vs Dukascopy for Norway Traders: Which Broker Wins in 2026?

Which broker is better for Norway traders in 2026? Expert analysis across 12 categories.

FBS logo
FBS
CySEC · IFSC · FSCA · Founded 2009
Open Account
VS
Dukascopy logo
Dukascopy
FINMA · JFSA · FCMC · Founded 1998
Open Account
Winner: FBS
Categories: 12 compared
For: Norway traders
Updated: July 2026
Compare any two brokers
VS

Quick Verdict — Norway Traders

Best Overall
FBS
Higher overall score & more features
Best Spreads
Dukascopy
Lower trading costs for scalpers
Islamic Accounts
FBS
Swap-free for Norway Muslims
Best for Beginners
FBS
Better education & support
$5 vs $100
Min deposit
1:3000 vs 1:100
Max leverage
CySEC vs FINMA
Top regulator
3.7 vs 3.3
Our scores
Table of Contents

For Norwegian retail traders evaluating forex brokers in 2025, the choice between FBS and Dukascopy often comes down to trading style and budget. FBS, rated 3.7/5, is a global broker popular among beginners and intermediate traders in Norway for its low minimum deposit ($5) and support for local payment methods like Skrill, Neteller, and USDT TRC20. Dukascopy, with a 3.3/5 rating, is a Swiss-based ECN broker known for institutional-grade liquidity and tight spreads, but its $100 minimum deposit and complex fee structure can be a barrier. Both brokers accept Norwegian clients and offer platforms compatible with local trading conditions, including access to major currency pairs like EUR/NOK and USD/NOK. However, Norwegian traders must consider that neither broker is directly regulated by the local financial regulator, though both adhere to international standards. This comparison focuses on costs, platforms, and deposit options relevant to Norway, helping you decide which broker aligns with your trading goals.

🏆

Overall Scores Comparison

FBS
FBS
CySEC · IFSC · FSCA
3.7
CompareBroker score
Winner
VS
Dukascopy
Dukascopy
FINMA · JFSA · FCMC
3.3
CompareBroker score
Trading Costs
Spreads, commissions
3.8
WIN
3.4
Platforms
MT4, MT5, cTrader, TV
3.4
3.5
WIN
Regulation
Safety, oversight
3.2
3.6
WIN
Deposits
Local payments
3.8
WIN
3.4
Customer Support
24/5, chat, phone
3.5
WIN
3.1
Education
Webinars, guides
3.8
WIN
3.4
Execution
Speed, slippage
3.8
WIN
3.4
Mobile App
iOS, Android
3.7
WIN
3.3
💹

Trading Costs - Spreads & Commissions

InstrumentFBSDukascopyWinner
EUR/USD avg spread0.09 pips + $3.5/lot0.0 pips + $3.5/lotDukascopy
XAU/USD (Gold)$0.14 typical$0.12 typicalDukascopy
GBP/USD avg spread0.29 pips0.23 pipsDukascopy
Standard acc spreadfrom 1.0 pipsfrom 0.8 pipsDukascopy
ECN commission$3.5/lot/side$3.5/lot/sideTie
Min deposit$5$100Dukascopy

For Norway traders, trading costs vary significantly between FBS and Dukascopy. FBS offers spreads from 0.5 pips on its Zero Spread account with a commission of $6 per lot round turn, while standard accounts have spreads from 1.5 pips with no commission. Dukascopy provides raw ECN spreads from 0.2 pips on EUR/USD but charges a commission of $3 per side per lot. For a Norwegian trader executing 10 lots per month, FBS costs around $60 in spreads and commissions on the Zero account, while Dukascopy costs $60 in commissions alone plus spreads. However, Dukascopy's tighter spreads benefit scalpers, while FBS's fixed spreads suit traders who prefer predictable costs. Both brokers offer competitive rates for EUR/NOK pairs, but Dukascopy's liquidity advantage is more pronounced during high-volatility sessions.

📂

Account Types Comparison

Account TypeFBSDukascopy
Standard account
ECN / Raw spread
Islamic (swap-free)
Demo account
PAMM / MAM account
Zero spread account
Copy trading
Min deposit$5$100
⚖️

Leverage Comparison - Norway Traders

Entity / AssetFBSDukascopy
Norway (offshore)Up to 1:3000Up to 1:100
Forex major pairs1:30001:100
Gold (XAU/USD)1:2001:200
Indices1:1001:100
Cryptocurrencies1:2 to 1:101:2 to 1:10
Leverage Warning for Norway Traders
Traders in Norway typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available

Asset ClassFBSDukascopyWinner
Forex pairs90+65+FBS
Gold (XAU/USD)Tie
Oil (WTI/Brent)Tie
Stock indices25+ indices20+ indicesFBS
Crypto CFDs30+FBS
Stocks / Share CFDsDukascopy
ETFsTie
🖥️

Platforms Comparison

PlatformFBSDukascopy
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Expert Advisors (EAs)
Scalping allowed
Hedging allowed

FBS provides MetaTrader 4 and MetaTrader 5, which are widely used by Norwegian traders for their advanced charting tools and automated trading capabilities. The platforms are available on desktop, web, and mobile, with support for Norwegian language settings. Dukascopy offers its proprietary JForex platform, which is feature-rich but has a steeper learning curve. JForex includes advanced backtesting and algorithmic trading tools, but it lacks the community support and third-party resources common with MetaTrader. For most Norwegian retail traders, FBS's MT4/MT5 ecosystem is more accessible and familiar, while Dukascopy's platform appeals to quantitative traders and those needing direct market access.

Execution Quality - Speed & Slippage

FactorFBSDukascopyWinner
Execution modelECN/STPTrue ECNDukascopy
Avg execution speed~30ms~40msFBS
SlippageVery lowVery lowTie
RequotesVery rareVery rareTie
Scalping allowedTie
EA / Bot tradingTie

Dukascopy offers superior execution quality with direct market access (DMA) and average execution speeds under 10 milliseconds, ideal for scalping and high-frequency trading. FBS uses a hybrid execution model with speeds of 20-30 milliseconds, which is adequate for most retail strategies. For Norwegian traders trading volatile pairs like USD/NOK, Dukascopy's execution reliability reduces slippage, while FBS's execution is sufficient for standard positions. Both brokers have no requotes on market orders.

🛡️

Regulation & Safety for Norway Traders

Safety FactorFBSDukascopy
Primary regulatorIFSCFINMA
Top-tier regulated
Investor protection
Segregated funds
Neg. balance protection

FBS is regulated by the International Financial Services Commission (IFSC) of Belize, while Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) in the UK. For Norway traders, neither broker is directly supervised by the local financial regulator, but Dukascopy's Swiss regulation offers stronger investor protection, including up to CHF 100,000 in deposit insurance. FBS provides negative balance protection and client fund segregation, but its regulatory framework is less stringent. Norwegian traders should note that Dukascopy's compliance with EU-level standards may offer greater reassurance, while FBS's lighter regulation allows for higher leverage (up to 1:3000) and more flexible account terms.

Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Norway traders may differ by entity.
💳

Deposits & Withdrawals for Norway

Payment MethodFBSDukascopy
Bank Wire Transfer
Visa / Mastercard
Skrill
Neteller
USDT / Crypto
Withdrawal timeElectronic Wallets / Systems: Credited immediately to 30 minutes (processed 24/7 by the financial department).Cryptocurrency: Instant, though subject to blockchain network confirmations.Credit / Debit Cards: Average of 3 to 4 business days (internal processing takes 15–20 minutes, plus bank clearance).Bank Transfers: Usually processed within 7 to 10 business days.Internal transfers/wire/crypto no broker fee; standard bank transfer times apply

Norwegian traders can fund both FBS and Dukascopy using Bank Transfer, Skrill, Neteller, and USDT TRC20. At FBS, deposits via Skrill and Neteller are processed instantly, while Bank Transfer takes 1-3 business days. USDT TRC20 deposits are also instant and free of fees. FBS supports Norwegian kroner (NOK) through Skrill and Neteller, avoiding conversion costs. Withdrawals at FBS are processed within 24 hours for e-wallets and 2-5 days for bank transfers. Dukascopy accepts the same payment methods but primarily processes deposits in USD or EUR, which may incur currency conversion fees for Norwegian users. Bank transfers at Dukascopy take 2-4 business days, while Skrill and Neteller deposits are instant. USDT TRC20 is available but requires wallet verification. Dukascopy charges a small withdrawal fee for bank transfers, while FBS does not.

☪️

Islamic Accounts - Swap-Free for Norway Muslims

Islamic Account FeatureFBSDukascopy
Swap-free available
Admin fee instead of swapOn some instrumentsOn some instruments
MT4 / MT5 supported
How to applyContact supportContact support

Both FBS and Dukascopy offer Islamic (swap-free) accounts for Muslim traders in Norway who follow Sharia law. FBS provides swap-free accounts on all account types (Standard, Cent, and Zero) with no additional fees or restrictions, making it a straightforward option. Dukascopy also offers Islamic accounts but imposes a condition: swap-free status is granted for 30 days, after which an administrative fee of $10 per lot may apply. For long-term traders in Norway, FBS's policy is more accommodating. Both brokers require a declaration of religious affiliation to open an Islamic account.

Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
💬

Customer Support Comparison

Support FeatureFBSDukascopyWinner
Live chatTie
Phone supportTie
Email supportTie
24/7 supportTie
Response time (chat)<2 minutes<3 minutesFBS

FBS offers 24/7 customer support via live chat, email, and phone, with English and Norwegian-speaking agents available. Response times are typically under 2 minutes for live chat. Dukascopy provides support during Swiss business hours (08:00-18:00 CET) via live chat and email, but phone support is limited. Norwegian traders may find FBS's round-the-clock support more convenient, especially when trading outside European hours. Both brokers have comprehensive FAQ sections on their websites.

📱

Mobile App Comparison

Mobile FeatureFBSDukascopyWinner
iOS App Store rating4.5 stars4.3 starsFBS
Google Play rating4.3 stars4.2 starsFBS
Biometric loginTie
Push notificationsTie
Full charting on mobileTie
TradingView mobileTie
📚

Education & Research Tools

ResourceFBSDukascopyWinner
Video tutorials100+ videos50+ videosTie
Webinars (live)WeeklyMonthlyTie
Economic calendarTie
Market analysisDailyBasicFBS

Real User Reviews - Trustpilot

T
FBS
★★★★★
9.2K
9,222 verified reviews
View on Trustpilot
T
Dukascopy
★★★★★
0.8K
800 verified reviews
View on Trustpilot
⚖️

Pros & Cons of Each Broker

FBS

Pros
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support

Dukascopy

Pros
+Top-tier regulated
Cons
-No TradingView
-No 24/7 support
👤

Who Should Use Which Broker? - Norway Guide

Choose FBS if you...

  • Are a beginner or intermediate retail trader in Norway with a small account (from $5)
  • Prefer using MetaTrader 4/5 with Norwegian language support
  • Want instant deposits via Skrill, Neteller, or USDT TRC20 in NOK
  • Need 24/7 customer support in English or Norwegian

Choose Dukascopy if you...

  • Are an advanced trader seeking raw ECN spreads and deep liquidity
  • Need Swiss regulation (FINMA) for higher investor protection
  • Trade high volumes (above 10 lots per month) where lower spreads matter
  • Use algorithmic or scalping strategies requiring fast execution

FAQ - FBS vs Dukascopy in Norway

Is FBS or Dukascopy better for Norway? +
Can Norway traders use both brokers legally? +
Which broker has lower spreads for Norway traders? +
How do Norway traders deposit at FBS and Dukascopy? +
Do both brokers offer Islamic accounts for Norway? +

Final Verdict - Norway 2026

FBS wins overall

For the majority of retail traders in Norway, FBS is the more practical choice in 2025. Its low minimum deposit, support for local payment methods like Skrill, Neteller, and USDT TRC20, and 24/7 customer service align well with Norwegian trading habits. The broker's higher overall rating (3.7 vs 3.3) reflects its accessibility and user-friendly features. Dukascopy, while offering superior execution and Swiss regulation, is better suited for experienced traders with larger capital who prioritize low spreads and direct market access. Consider your trading volume, platform preference, and regulatory comfort when deciding. Both brokers are reliable, but FBS offers a smoother experience for most Norwegian traders.

Open FBSOpen Dukascopy
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of July 2026.
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Compare all brokers for Norway traders based on your trading style.
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Score Summary
FBS Winner3.7/5
Dukascopy 3.3/5
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Risk Warning: CFDs are complex instruments. 74-89% of retail accounts lose money.