Dukascopy is a highly regarded Forex and CFDs retail broker and a bank, offering access to a diverse number of asset classes and a variety of financial products including banking services. It is regulated by the FINMA and Japanese FSA and all client funds are kept in segregated bank accounts with tier-1 banks. Additionally, the broker offers ultra-low spreads and has average commissions. The minimum deposit is 100 USD for Forex and 200 USD for binary options which are moderate numbers. For banking services, the minimum deposit is 1,000 USD. The broker has its proprietary platform called JForex which can be used to trade all the assets offered by Dukascopy making it very flexible and convenient for all kinds of traders. The fact that traders can switch between binary options and other asset classes from one platform is very advantageous and offers the ability to diversify risk during trading activities. 

Binary options are speculative instruments that are also called digital options or fixed-return options (FRO). When using binary options traders have to predict if the price of an asset after a certain time period will be higher or lower than the current price. If a trader is correct he gets his investment plus the payment percentage back. If a trader is incorrect he loses his investment. 

If you are searching for a binary options broker that is regulated and treats its clients fair then Dukascopy is the broker to check out. Dukascopy is a broker regulated by the Swiss Financial Market Supervisory Authority (FINMA) which is a highly reputable regulator and ensures the safety of brokers and banks under its supervision. Dukascopy also pays one of the highest percentages for successful trades, up to 90% of the investment. 

Another good reason for using this broker, together with high payments, is no fees for opening, closing, or operating a binary options account. The premium for each binary options position starts from 1 USD and there are no other fees after the premium is credited when buying the contract. 

Here are some pros and cons of Dukascopy binary options every interested trader should know:

Pros of Dukascopy binary options

• Well-regulated broker - Operating under a FINMA license gives traders the feeling of safety as their broker is a reliable and trustworthy institution with fair treatment and competitive terms.
• High Payouts - Dukascopy has one of the highest payouts among binary options providers, the broker pays up to 90% of the initial investment on successful trades. 
• Wide selection of trading assets - Dukascopy provides access to multiple asset classes with numerous trading instruments including currencies (Forex), commodities, indices, and stocks. This ensures traders can use any of their favorite instruments for trading all in one place for maximum comfort. 
• Free demo account - Dukascopy gives traders the ability to open and operate a free demo account that is essential for testing new trading strategies or learning trading basics without risking real money. 

Despite so many advantages, there are still a few cons associated with Dukascopy binary options trading

Cons of Dukascopy binary options

• Limited trading platforms - The broker offers only one trading platform, JForex, for binary options trading, which is an advanced platform with multiple useful features. But there is another alternative for binary options trading that is very popular among binary options traders called SpotOption. SpotOption is used by many brokers and it would be great if Dukascopy also offered this platform as an alternative to their proprietary trading platform. 
• High minimum deposit compared to other brokers - Dukascopy initial deposit required is 200 USD which is higher than some of the binary options providers who allow deposits from 1 USD. 
• A limited number of binary options - Dukascopy offers only 18 FX pairs as binaries which is lower than other brokers who offer a much wider range of assets including stocks, crypto, and commodities as binary options.