Recalculated 2026-11-02 · Established 2004 · Served by Dukascopy Bank SA (Switzerland
Dukascopy — South Africa
Dukascopy is rated 2.95 out of 5 by our formula (Rank #44 of 70) for traders in South Africa: round turn 8 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it runs 3 trading platforms · it has been trading for 22 years
Look elsewhere if the round turn is 8 USD against a 7 USD median here · the minimum is 100 USD against 50 USD in this market · it holds no licence issued in South Africa
Key facts (8)
- Who actually onboards you
- Served by Dukascopy Bank SA (Switzerland) cross-border; no South Afric
- Licence number
- not stated
- Established
- 2004group
- Min deposit, USD
- 100 USDgeo
- Platforms
- JForex 4 · MT4 · MT5
- Local funding
- Bank wire, cards, Dukascopy wallet; no South-Afr
- Max leverage
- 200geo
- EURUSD
- 0.1 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| Dukascopy | South Africa median | |
|---|---|---|
| Round turn, USD | 8.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 48 hoursgroup | 24.0 h |
| EURUSD, standard | 0.1 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 2004group | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore-to-South-Africa; FINMA-regulated at home. Not on FSCA authorised FSP list.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Dukascopy.
- Who actually onboards you
- Served by Dukascopy Bank SA (Switzerland) cross-border; no South African entity.
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 3.00+ 20.0% × 4.25+ 20.0% × 0.00+ 15.0% × 3.00+ 10.0% × 5.00+ 10.0% × 4.00= 2.95
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Served by Dukascopy Bank SA (Switzerland) cross-border; no South African entity.
Offshore entity
What each account gives you
JForex/SWFX ECN, MT4, MT5; VIP; PAMM; swap-free. Min USD 100 (JForex), USD 1000 MT4/MT5.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min USD 100 (JForex); USD 1000 MT4/MT5.
What the broker publishes about payouts
Trading software and asset classes (3)
JForex 4 · MT4 · MT5
FX, metals, index/commodity/stock CFDs, crypto CFDs, bonds.
Reviews
Dukascopy Review 2026
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (2)
- Round turn 8.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
Belgium, Canada, Iran, Japan, North Korea, Russia, Sudan, South Sudan, Syria, Turkey, United Kingdom, United States
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (2)
2 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1dukascopy.comdukascopy.com · domainBroker
- 2dukascopy.bank/faqdukascopy.bank · pageBroker
FAQ (5)
Does Dukascopy accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Dukascopy?
Served by Dukascopy Bank SA (Switzerland) cross-border; no South African entity.
What licence does Dukascopy hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Dukascopy?
8.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Dukascopy take?
Dukascopy publishes 48 hours. Their own wording: “Withdrawals are processed within 48 hours”.