Comparison of Dukascopy Bank SA and Saxo
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 1992 |
| Broker Type | ECN | DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | FINMA | Danish FSA, FCA, MAS, FINMA |
| Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader | SaxoTraderGO, SaxoTraderPRO, TradingView |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:200 | 1:30 |
| Minimum Deposit | $1000 | $1 |
| Base Currencies | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
| Funding Methods | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) | Bank Wire, Credit Card, Debit Card |
| Inactivity Fee | CHF 500 after 12 months of inactivity | ✖ |
| Interest on Margin | ✖ | ✔ |
| Withdrawal Fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) | ✖ |
| Investor Protection | Deposit insurance | Danish Guarantee Fund, UK FSCS |
| Protection Size | CHF 100,000 | DKK 100 000 / £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Forex, Shares, Indices, Commodities, ETFs, Bonds, Cryptocurrencies | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies |
| Review | Dukascopy Bank SA Review | Saxo Review |
About Dukascopy Bank SA
Dukascopy is a Geneva-based Swiss bank and multi-asset broker founded in 2004. Operating the SWFX ECN marketplace, it delivers deep liquidity, spreads from 0.1 pips and leverage up to 1:200 across 1,000+ instruments. Regulated by FINMA in Switzerland, the broker secures client funds in segregated accounts and extends negative-balance protection. Traders can access JForex 4, MT4/5 and web/mobile platforms, plus PAMM copy-trading, VPS hosting and swap-free Islamic accounts.
Pros
- Swiss banking licence and FINMA oversight
- Ultra-tight ECN spreads from 0.1 pips with transparent commissions
- 1,000+ CFDs plus FX, crypto and binary options
- JForex 4 platform with advanced algo trading and integrated VPS
- Swap-free accounts, PAMM and monthly trading contests
Cons
- High minimum deposit
- No FCA/CySEC compensation scheme for EU/UK residents
- Inactivity fee and platform complexity may deter beginners
About Saxo
Saxo is a Danish multi-asset broker and fully licensed bank offering Direct Market Access across more than 190 FX pairs, 19 000+ equities and thousands of other instruments. Regulated by the Danish FSA, FCA, MAS and FINMA, Saxo provides the award-winning SaxoTraderGO/PRO platforms plus TradingView connectivity. Its Classic account has no minimum deposit, floating FX spreads from 0.9 pips and leverage up to 1:30, while Platinum and VIP tiers unlock tighter pricing and premium service. Traders benefit from segregated client funds, negative-balance protection in the EU, rich analytics and extensive education.
Pros
- Bank-grade regulation (DK FSA, FCA, MAS, FINMA)
- No-minimum Classic account; tight DMA pricing
- 190+ FX pairs and 40 000+ instruments overall
- SaxoTraderGO/PRO plus TradingView integration
- Tiered positive-balance interest on cash
- Extensive research, webinars and market tools
Cons
- High deposits (USD 200k / 1 M) for better Platinum / VIP pricing
- No MetaTrader support
- Islamic swap-free accounts not available
Dukascopy Bank SA & Saxo Regulation
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
Companies | Dukascopy Bank SA | Saxo Bank A/S |
Countries | Switzerland | Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France |
Regulators | FINMA | Danish FSA, FCA, MAS, FINMA |
Investor Protection | Deposit insurance | Danish Guarantee Fund, UK FSCS |
Investor Protection Size | CHF 100,000 | DKK 100 000 / £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Dukascopy Bank SA
Dukascopy Bank SA
Saxo
Saxo Bank A/S
Countries
Dukascopy Bank SA
Switzerland
Saxo
Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France
Regulators
Dukascopy Bank SA
FINMA
Saxo
Danish FSA, FCA, MAS, FINMA
Investor Protection
Dukascopy Bank SA
Deposit insurance
Saxo
Danish Guarantee Fund, UK FSCS
Investor Protection Size
Dukascopy Bank SA
CHF 100,000
Saxo
DKK 100 000 / £85 000
Publicly Traded
Dukascopy Bank SA
Saxo
Segregated Accounts
Dukascopy Bank SA
Saxo
Guaranteed Stop Loss
Dukascopy Bank SA
Saxo
Negative Balance Protection
Dukascopy Bank SA
Saxo
Account Types
| Account | Dukascopy Bank SA | Saxo |
|---|---|---|
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $1000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:200 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
DMA Account | ||
| Account Name | — | Classic |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.9 |
| Fee | — | No |
| Max Leverage | — | 1:30 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Binary | — |
| Minimum Deposit | $1000 | — |
| Option Types | Up/Down, Touch | — |
| Minimum Stake | $1 | — |
| Payout | from 70% to 90% | — |
| Expiration Time | from 5 minutes to 24 hours | — |
ECN Account
Account Name
Dukascopy Bank SA
ECN
Saxo
—
Min Deposit
Dukascopy Bank SA
$1000
Saxo
—
Lot Size
Dukascopy Bank SA
0.01
Saxo
—
Spread Type
Dukascopy Bank SA
Floating
Saxo
—
Execution
Dukascopy Bank SA
Market
Saxo
—
Min Spread
Dukascopy Bank SA
0.1
Saxo
—
Fee
Dukascopy Bank SA
$7 per 1 lot
Saxo
—
Max Leverage
Dukascopy Bank SA
1:200
Saxo
—
Stop Out
Dukascopy Bank SA
50%
Saxo
—
Margin Call
Dukascopy Bank SA
100%
Saxo
—
DMA Account
Account Name
Dukascopy Bank SA
—
Saxo
Classic
Min Deposit
Dukascopy Bank SA
—
Saxo
$1
Lot Size
Dukascopy Bank SA
—
Saxo
0.01
Spread Type
Dukascopy Bank SA
—
Saxo
Floating
Execution
Dukascopy Bank SA
—
Saxo
Market
Min Spread
Dukascopy Bank SA
—
Saxo
0.9
Fee
Dukascopy Bank SA
—
Saxo
No
Max Leverage
Dukascopy Bank SA
—
Saxo
1:30
Stop Out
Dukascopy Bank SA
—
Saxo
50%
Margin Call
Dukascopy Bank SA
—
Saxo
100%
Additional Features
Demo Account
Dukascopy Bank SA
Saxo
VIP Account
Dukascopy Bank SA
Saxo
Swap-Free Account
Dukascopy Bank SA
Saxo
Copy Trading
Dukascopy Bank SA
Saxo
VPS
Dukascopy Bank SA
Saxo
PAMM/MAM Accounts
Dukascopy Bank SA
Saxo
Binary Options
Account
Dukascopy Bank SA
Binary
Saxo
—
Minimum Deposit
Dukascopy Bank SA
$1000
Saxo
—
Option Types
Dukascopy Bank SA
Up/Down, Touch
Saxo
—
Minimum Stake
Dukascopy Bank SA
$1
Saxo
—
Payout
Dukascopy Bank SA
from 70% to 90%
Saxo
—
Expiration Time
Dukascopy Bank SA
from 5 minutes to 24 hours
Saxo
—
Funding and Fees
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
Base currencies | USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
Deposit and withdrawal methods | Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT) | Bank Wire, Credit Card, Debit Card |
Inactivity fee | CHF 500 after 12 months of inactivity | |
Interest on margin | ||
Withdrawal fee | Variable (e.g. $20 via bank wire or 2.5% via card/ewallet) |
Base currencies
Dukascopy Bank SA
USD, EUR, GBP, CHF, PLN, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, SEK, SGD, TRY, ZAR, XAU
Saxo
USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK
Deposit and withdrawal methods
Dukascopy Bank SA
Bank Wire, SEPA, Credit/Debit Card, Skrill, Neteller, Apple Pay, Cryptocurrencies (BTC, ETH, USDT)
Saxo
Bank Wire, Credit Card, Debit Card
Inactivity fee
Dukascopy Bank SA
CHF 500 after 12 months of inactivity
Saxo
Interest on margin
Dukascopy Bank SA
Saxo
Withdrawal fee
Dukascopy Bank SA
Variable (e.g. $20 via bank wire or 2.5% via card/ewallet)
Saxo
Trading Platforms and Conditions
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
Trading Platforms | JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader | SaxoTraderGO, SaxoTraderPRO, TradingView |
Execution Speed | 10 ms | 9 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Platforms
Dukascopy Bank SA
JForex 4, MetaTrader 4 (MT4), MetaTrader 5 (MT5), SWFX Trader
Saxo
SaxoTraderGO, SaxoTraderPRO, TradingView
Execution Speed
Dukascopy Bank SA
10 ms
Saxo
9 ms
Scalping
Dukascopy Bank SA
Saxo
Expert Advisors (EAs)
Dukascopy Bank SA
Saxo
Depth of Market (DOM)
Dukascopy Bank SA
Saxo
Spread
Dukascopy Bank SA
low
Saxo
average
Trading Assets
| Asset | Dukascopy Bank SA | Saxo |
|---|---|---|
Currencies | 60 | 190 |
Indices | 20 | 29 |
Stocks | 1081 | 19000 |
Cryptocurrencies | 18 | 20 |
Bonds | 3 | 5000 |
Metals | 5 | 4 |
Energies | 4 | 5 |
Soft Commodities | 6 | 8 |
ETFs | 51 | 3000 |
Currencies
Dukascopy Bank SA
60
Saxo
190
Indices
Dukascopy Bank SA
20
Saxo
29
Stocks
Dukascopy Bank SA
1081
Saxo
19000
Cryptocurrencies
Dukascopy Bank SA
18
Saxo
20
Bonds
Dukascopy Bank SA
3
Saxo
5000
Metals
Dukascopy Bank SA
5
Saxo
4
Energies
Dukascopy Bank SA
4
Saxo
5
Soft Commodities
Dukascopy Bank SA
6
Saxo
8
ETFs
Dukascopy Bank SA
51
Saxo
3000
Education and Analytics
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Dukascopy Bank SA
Saxo
Indicators
Dukascopy Bank SA
Saxo
Robots
Dukascopy Bank SA
Saxo
Signals
Dukascopy Bank SA
Saxo
Autochartist
Dukascopy Bank SA
Saxo
Expert Analytics
Dukascopy Bank SA
Saxo
News Feed
Dukascopy Bank SA
Saxo
Education Articles
Dukascopy Bank SA
Saxo
Webinars
Dukascopy Bank SA
Saxo
Seminars
Dukascopy Bank SA
Saxo
Contests
| Feature | Dukascopy Bank SA | Saxo |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
| — |
| Live Contests | ||
| Is available | ||
| Contests List |
| — |
Demo Contests
Is available
Dukascopy Bank SA
Saxo
Contests List
Dukascopy Bank SA
- Strategy ContestStart Balance: $100000 · Prize Pool: $5000 · Period: MonthlyLearn More
Saxo
—
Live Contests
Is available
Dukascopy Bank SA
Saxo
Contests List
Dukascopy Bank SA
- Live Trader ContestStart Balance: $1-$10000 · Prize Pool: $1500 · Period: WeeklyLearn More
Saxo
—
Customer Support
| Contact | Dukascopy Bank SA | Saxo |
|---|---|---|
Email | support@dukascopy.com | salesCEE@saxobank.com |
Phone | +41227994848 | +4539774113 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Twitter |
Email
Dukascopy Bank SA
Phone
Dukascopy Bank SA
Saxo
YouTube
Dukascopy Bank SA
Saxo
—
Which Broker is Better?
After comparing Dukascopy Bank SA and Saxo, Dukascopy Bank SA comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Dukascopy Bank SA Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.