What Account Types and Fees Does Dukascopy Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Multi-Currency Account |
Retail clients with wealth below $100,000 |
Accounts in 22 currencies, mobile management, and inter-bank exchange rates |
Instant online opening available, suitable for everyday transactions |
| Private Banking (Savings) Account |
Clients with wealth exceeding $100,000 |
Personal account manager, wealth accumulation services, and investment options |
Requires a Multi-Currency Account to apply |
| Professional Account |
Experienced traders and institutional clients |
Higher leverage, lower spreads, and access to advanced trading tools |
Eligibility based on trading volume and experience |
| Demo Account |
Beginners and those wanting to practice |
Access to trading platforms without financial risk |
Available for all users, no capital requirements |
Account Opening Process
To open an account with Dukascopy Bank, users must submit personal, employment, and financial information through an online application. This includes submitting identity verification documents such as a government-issued ID and proof of address. The process is designed to be straightforward, with the option for identity verification conducted via video call. Additionally, users have the flexibility to upgrade to a professional account later based on their trading activity and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard rates for GBP pairs |
| CFDs (Stocks) |
0.1% of stock price |
$0 (depending on the stock) |
Varies with stock liquidity |
| CFDs (Indices) |
1.5 |
$0 |
Competitive rates for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Dukascopy Bank has several additional costs associated with its services. There may be deposit and withdrawal fees depending on the method used; for example, certain withdrawal methods may incur charges. Inactivity fees are applied if an account remains dormant for an extended period. Additionally, users should consider platform usage fees if applicable, as well as overnight interest rates (swap rates) for positions held overnight. Currency conversion fees may also apply when transactions involve different currencies.
