Dukascopy and MIFX compare on regulation, costs, and platforms. This matchup tests Swiss banking-grade protection against domestic Indonesian licensing.
Find out which broker best suits your trader profile.
Choose if…
Choose Dukascopy if you prioritize top-tier regulation and banking-grade fund protection.
Choose if…
Choose MIFX if you prefer Indonesian-regulated reliability. Choose MIFX if you also value low minimum deposit and IDR account options.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 3.7 / 5 |
Pros
Full FINMA banking licence - client cash protected under Swiss deposit guarantee up to CHF 100,000
Genuine interbank SWFX ECN liquidity from 14+ institutional providers
EUR/USD variable spreads from 0.1 pips during London/New York overlap
JForex supports Java/Groovy strategy automation built into the platform
Banking-grade transparency with published balance sheet
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Dukascopy | MIFX |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
Dukascopy rates 4.3/5 versus 3.8/5 for MIFX. Dukascopy edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Dukascopy starts from 0.1 pips, tighter than MIFX's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
MIFX has $30, while Dukascopy requires at least $1000. This makes MIFX more accessible for traders with limited starting capital.
Dukascopy holds top-tier regulation (FSA Seychelles, FINMA), providing stronger investor protections. MIFX may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, MIFX requires a lower minimum deposit ($30), lowering the barrier to entry. Both brokers otherwise share similar beginner-facing criteria in our data. Also compare demo account availability and educational resources on each brokers's site.
Dukascopy lists maximum leverage of 200:1, while MIFX lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Dukascopy charges $7 per lot on commission-based accounts. Commission details for MIFX are not currently available. Check their website for up-to-date pricing.
Dukascopy supports Proprietary Web/Mobile, MetaTrader 4, while MIFX supports Proprietary Web/Mobile, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4.
Dukascopy offers tighter spreads from 0.10 pips vs 1.50 pips for MIFX, reducing trading costs.
Dukascopy wins for safety & regulation due to FINMA oversight and segregated funds.
Dukascopy wins for active traders thanks to ECN liquidity and JForex automation.
Dukascopy is better suited for scalpers: tighter spreads from 0.10 pips.
Dukascopy wins for platform choice with advanced charting and JForex automation.
MIFX suits beginners with a low minimum deposit and IDR account options.
Dukascopy leads instrument variety with about 1200 instruments.
Fees & Spreads 30% weight | 4.7 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.9 / 5 |
|---|
| Founded | 2004 | 2003 |
|---|
| Headquarters | Plan-les-Ouates, Geneva, Switzerland | Jakarta, Indonesia |
|---|
| Min Deposit | $1,000 | $30▼ lower |
|---|
| Spreads From | 0.1 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.8 pips | N/A |
| Max Leverage | 200:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSA Seychelles FINMA | BAPPEBTI OJK |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 | Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Pros
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
CHF 1,000 minimum deposit excludes traders starting with less than USD 1,000
JForex has a steep learning curve; designed for professional clients
Customer support primarily Swiss business hours
Not available to US residents
No negative balance protection
No 24/5 live chat
Cons
Only available to Indonesian residents, no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dukascopy outperforms MIFX on the editorial score due to stronger regulation and pricing transparency.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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