Look a broker up before you trust it

Ten quick answers

Does Dukascopy hold a licence?
It does. Dukascopy Bank SA holds a FINMA bank and securities firm licence, Dukascopy Europe is supervised by the Bank of Latvia and Dukascopy Japan by Japan's FSA. You can check each one on the regulator's own public register.
How much do I need to open a Dukascopy account?
Dukascopy sets its minimum first deposit by company and account type, so confirm the current amount for your country on the broker's official website.
Can I trust Dukascopy with my money?
Dukascopy has been trading since 2004 and is regulated by FINMA, the Bank of Latvia and FSA Japan. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Dukascopy?
No. Because of US regulatory requirements (CFTC/NFA), Dukascopy is not taking clients who live in the United States at present.
How much leverage does Dukascopy offer?
The highest leverage at Dukascopy is 30:1 retail (EU); varies by entity. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Dukascopy?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at Dukascopy next to its other platforms.
Which trading platforms can I use at Dukascopy?
At Dukascopy you trade through JForex, MT4, MT5, Dukascopy app. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Dukascopy pay out withdrawals?
How long a Dukascopy withdrawal takes depends on the payment method and on the company that holds your account. Your KYC verification has to be finished first, and the broker's payments page gives the current processing times.
Will Dukascopy charge me for withdrawing?
That depends on the payment method and on the company that holds your account. A payment processor or bank may also add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Dukascopy have a demo account?
Yes. Dukascopy provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.