Dukascopy in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%60
- Round-turn cost20%85
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%80
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Served by Dukascopy Bank SA (Switzerland) cross-border; no Indian entity.
- Founded
- 2004
- Retail leverage
- 200IN
- Round turn
- 8 USDIN
- Currencies
- No INR base account verified; USD/EUR/CHF used.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with DukascopyThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Served by Dukascopy Bank SA (Switzerland) cross-border; no Indian entity.
- Local standing
- Offshore-to-India; FINMA-regulated at home. Not SEBI-authorised. Indian FEMA/RBI rules restrict residents from offshore margin FX trading.
- Licence as the register states it
- No SEBI registration; Swiss FINMA licence only.
- Leverage for this entity
- Up to 1:200 (Bank SA retail); 1:30 weekends.
- The firm behind it
- Dukascopy Bank SA, founded 2004 Geneva; SWFX ECN.
- What we hold against it
- Bank-grade Swiss regulation; not SEBI-registered. Indian residents face FEMA/RBI restrictions on offshore leveraged FX. Higher min deposit.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore-to-India; FINMA-regulated at home. Not SEBI-authorised. Indian FEMA/RBI rules restrict residents from offshore margin FX trading.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: JForex/SWFX ECN, MT4, MT5, VIP, PAMM, swap-free. Min USD 100 (JForex), USD 1000 MT4/MT5. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Dukascopy sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 8 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 100 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:200 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (4 methods · 1 local)
Bank wire, cards, Dukascopy wallet;
- Bank wire
- Cards
- Dukascopy wallet
- No Indian UPIlocal
- Account currency
- No INR base account verified; USD/EUR/CHF used.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(49 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- JForex 4
- MT4
- MT5
Identical for every row: Min spread 0.1 · Leverage 200 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.2 | 1,331 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: JForex 4, MT4, MT5
- Round turn 8 USD on the standard basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the India median 15
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
- Round turn, USD
- 9IN
- Min deposit, USD
- 100IN
- Leverage
- 200IN
- Rank in this country
- #10
- Round turn, USD
- 9IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 400IN
- Rank in this country
- #29
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #30
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #16
- Round turn, USD
- 4IN
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Dukascopy |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 60 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 85 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
FAQ
- Does Dukascopy accept residents of India?
- No. Offshore-to-India; FINMA-regulated at home. Not SEBI-authorised. Indian FEMA/RBI rules restrict residents from offshore margin FX trading. Onboarding entity: Served by Dukascopy Bank SA (Switzerland) cross-border; no Indian entity.
- Is Dukascopy licensed to serve clients in India?
- No SEBI registration; Swiss FINMA licence only. Checked on 09.07.2026.
- How much does one round turn cost at Dukascopy?
- About 8.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Dukascopy offer to retail clients in India?
- Up to 1:200. leverageGeo: Up to 1:200 (Bank SA retail); 1:30 weekends.
- Which trading platforms does Dukascopy support?
- JForex 4, MT4, MT5. Instruments: FX, metals, index/commodity/stock CFDs, crypto CFDs, bonds.
- How can I withdraw money from Dukascopy in India?
- Bank wire, cards, Dukascopy wallet; no Indian UPI/local rails verified.
- What account types does Dukascopy offer?
- JForex/SWFX ECN, MT4, MT5; VIP; PAMM; swap-free. Min USD 100 (JForex), USD 1000 MT4/MT5.
- Does Dukascopy offer a swap-free (Islamic) account?
- Yes. Dukascopy offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.