What Account Types and Fees Does Dukascopy Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, access to educational resources, and a user-friendly trading platform. |
Suitable for small capital practice; minimum deposit of $100 required. |
| Professional Account |
Experienced traders and institutional clients |
Higher leverage options, reduced spreads, and advanced trading tools. |
Requires proof of trading experience or sufficient trading volume. |
| Corporate Account |
Corporations and institutions |
Customized services, multi-user access, and dedicated account management. |
Requires corporate documentation and verification. |
| Islamic Account |
Traders seeking Sharia-compliant trading |
Swap-free trading options available. |
Request for swap-free conditions must be made upon account opening. |
| Demo Account |
New traders and those testing strategies |
Risk-free trading with virtual funds and access to all trading features. |
Ideal for practice; no minimum deposit required. |
Account Opening Process
To open an account with Dukascopy Bank, prospective clients must follow a straightforward process that involves several steps:
1. Personal Information Submission: Fill out an online application form with personal details.
2. Employment and Financial Information: Provide details about your employment status and financial background.
3. Identity Verification: Submit identity verification documents, including a government-issued ID and proof of address.
4. Account Flexibility: Clients can start with a retail account and later upgrade to a professional account once they meet the qualifications.
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) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.2 |
$10 per lot |
Commission applies to stock trades |
| CFDs (Indices) |
1.5 |
$5 per lot |
Standard commission for index CFDs |
| CFDs (Commodities) |
1.0 |
$10 per lot |
Standard fees for commodity trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Dukascopy Bank applies several other costs that traders should be aware of:
– Deposit/Withdrawal Fees: Generally, deposits are free, but withdrawals may incur fees depending on the method used.
– Inactivity Fees: Accounts that remain inactive for an extended period may be subject to inactivity fees.
– Platform Usage Fees: No explicit platform usage fees are charged; however, trading costs apply.
– Overnight Interest (Swap Rates): Standard swap rates apply for positions held overnight, which can be either positive or negative.
– Currency Conversion Fees: Fees may apply for converting funds between different currencies within your account.
