Broker comparison

Dukascopy vs.
Pepperstone

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Pepperstone has a higher rating of 4.5/5 compared to Dukascopy (4.3/5). The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while Dukascopy is supervised by FINMA. Dukascopy has been in the market since 1998, making it the more experienced provider. On spreads, Dukascopy offers EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million, while Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot.

Swiss ECN bank with professional JForex platform

ECN broker with Razor account and ultra-fast execution

At a glance

The key differences

Criterion
PlatformsJForex, MT4, Dukascopy Connect AppMT4, MT5, cTrader, TradingView
Product typesForex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDsForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options tradingBinary options (JForex)No, but over 1,200 CFD instruments
Fee modelFrom 0.1 pips + volume-based commission (max. $3.50 per lot)Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit100 $0 €
RegulationFINMABaFin/FCA/ASIC
More informationDetailsDetails

Platforms

Dukascopy

JForex, MT4, Dukascopy Connect App

Pepperstone

MT4, MT5, cTrader, TradingView

Product types

Dukascopy

Forex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDs

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

Options trading

Dukascopy

Binary options (JForex)

Pepperstone

No, but over 1,200 CFD instruments

Fee model

Dukascopy

From 0.1 pips + volume-based commission (max. $3.50 per lot)

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Minimum deposit

Dukascopy

100 $

Pepperstone

0 €

Regulation

Dukascopy

FINMA

Pepperstone

BaFin/FCA/ASIC

More information

Dukascopy

Details

Pepperstone

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

From 0.1 pips + volume-based commission (max. $3.50 per lot)

Published fee
From 0.1 pips + volume-based commission (max. $3.50 per lot)
Minimum deposit
100 $
Spread figure
EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million
See terms at provider

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Published fee
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.0 pip (Razor) + $3.50 per lot
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexMetalsIndices CFDsCommoditiesStocks CFDsCrypto CFDsBonds CFDs
ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

JForex · MT4 · Dukascopy Connect App

Dukascopy offers the proprietary JForex platform as its flagship – a professional tool with ECN access, Java-based strategy development, comprehensive backtesting, and Level II market depth. Additionally, MetaTrader 4 is available for traders who prefer the MT4 ecosystem. The Dukascopy Connect App enables mobile trading and offers integrated messaging and banking functions of the Swiss bank.

Explore platform

MT4 · MT5 · cTrader · TradingView

Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.

Explore platform

Regulation & security

BaFin/FCA/ASIC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Swiss ECN bank with professional JForex platform

  • FINMA-regulated Swiss bank
  • ECN execution with high liquidity
  • Professional JForex platform
  • Complex platform for beginners
  • Higher entry barrier

ECN broker with Razor account and ultra-fast execution

  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
  • No options trading
  • No real stocks, only CFDs

Find the broker that fits

Dukascopy oder Pepperstone?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Dukascopy4.3
  • FINMA-regulated Swiss bank
  • ECN execution with high liquidity
  • Professional JForex platform
Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Dukascopy and Pepperstone?
Dukascopy: From 0.1 pips + volume-based commission (max. $3.50 per lot). Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Dukascopy or Pepperstone?
Dukascopy offers Forex, Metals, Indices CFDs, Commodities, Stocks CFDs, Crypto CFDs, Bonds CFDs. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.
How are Dukascopy and Pepperstone regulated?
The broker profiles list FINMA for Dukascopy and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Dukascopy or Pepperstone better for beginners?
Dukascopy lists a 100 $ minimum deposit and offers JForex, MT4, Dukascopy Connect App. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
Dukascopy vs Pepperstone: Which broker is better overall?
The choice between Dukascopy (4.3/5, 800 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. Dukascopy: Swiss ECN bank with professional JForex platform. Pepperstone: ECN broker with Razor account and ultra-fast execution.
How do spreads compare between Dukascopy and Pepperstone?
Dukascopy offers typical spreads of EUR/USD from 0.1–0.3 pip (ECN) + commission from $1.75 per million. Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise