Afterprime Logo
Afterprime Broker Logo
Afterprime on DiscordAfterprime on FacebookAfterprime on X (Twitter)Afterprime on InstagramAfterprime on LinkedIn
MT5 iOS AppMT5 Android App

Quick Links

  • Flow RewardsTM
  • Lowest Cost Verified
  • Aligned Execution
  • Deposit and Withdrawal
  • How to Apply
  • Trade Execution

Markets

  • Live Spreads
  • Forex CFDs
  • Precious Metals
  • Commodities
  • Crypto CFDs
  • Indices
  • Broker Costs
  • Compare Brokers

Trading Platforms

  • MT4
  • MT5
  • Webtrader
  • FIX API
  • Trading Calculators
  • Trading Glossary

Afterprime

  • Who is Afterprime?
  • Why We Exist
  • Legal Documents
  • CFD Broker License
  • KYC & AML/CTF
  • Privacy Policy
  • AI Instructions

Customer Notice

Trading derivatives is high risk. Losses can exceed your initial investment. You should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions.

The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© Copyright 2018-2026 Afterprime Pty Ltd - FSA Seychelles #SD057 | Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles.

Afterprime vs Dukascopy Comparison

Independent data, verified spreads, and total cost analysis across 50-1,000 lot monthly volumes.
Compare Your Cost
Your browser does not support video playback.

Loading data...

Total Trading Cost Breakdown

Broker
Pairs
Cost Per Lot
(Including Commission)
% Savings
(vs Afterprime)
Afterprime
All
$5.49
0%
Dukascopy
All
$23.31
76%

Source: ForexBenchmark - Previous 7 Days Range | All Pairs | Incl. Commissions + Spreads. (Last Updated: 12 June 2026)

Dukascopy costs reflect spread including commission on standard lot. Afterprime costs include zero commission with Flow Rewards™ applied at standard eligible rates. Comparisons are on a like-for-like account basis.

Trading Cost by Forex Major

FX Pair
DUKASCOPY
Net Cost/lot
Afterprime
Net Cost/lot + Flow RewardsTM
Cost Savings
(vs Afterprime)
EURUSD
Hide By Volume
$10.96
$3.19
$7.77

Cost by Volume - EURUSD

VolumeDukascopyAfterprimeSaved
50 lots$548.00$159.50$388.50
100 lots$1096.00$319.00$777.00
250 lots$2740.00$797.50$1942.50
500 lots$5480.00$1595.00$3885.00
1000 lots$10960.00$3190.00$7770.00
GBPUSD
Show By Volume
$14.72
$5.79
$8.93
USDJPY
Show By Volume
$12.20
$4.70
$7.50
USDCHF
Show By Volume
$16.23
$2.18
$14.05
USDCAD
Show By Volume
$19.09
$3.16
$15.93
AUDUSD
Show By Volume
$16.90
$1.90
$15.00
NZDUSD
Show By Volume
$17.68
$2.98
$14.70

Source: ForexBenchmark - Previous 7 Days Range | All Pairs | Incl. Commissions + Spreads. (Last Updated: )

Afterprime net cost figures include Flow Rewards™ at $0.40/lot (round turn), applicable to eligible client accounts on qualifying instruments. Flow Rewards™ rates may vary. See Flow Rewards for full eligibility criteria.
Cost comparisons are based on third-party data and are for informational purposes only. Trading involves significant risk of loss. Individual trading costs will vary based on account type, instrument, and market conditions.

Spreads - The Invisible Variable

The spread is the primary cost of entry for any trader, but it is rarely static. Most brokers quote "typical" spreads that fluctuate wildly during high volatility or low liquidity periods (like the New York/London crossover or market open).

  • The "Raw" Reality
    Many brokers claim "$0.0 spreads," but the frequency of those spreads actually being available to fill your order is the true metric of quality.
  • The Afterprime Edge
    We focus on spread stability. By curating our flow, we reduce the "noise" and "gapping" that often occurs with retail-heavy brokers, ensuring that the price you see is the price you get, under normal market conditions.

Cost Per Lot Impact - More Than Just Commission

Traders often make the mistake of looking at commission in isolation. A low commission is meaningless if it’s paired with wide spreads or poor execution (slippage).

The Total Cost Per Lot formula is: (Spread in Pips x Pip Value) + Round Turn Commission = Total Cost

  • The Slippage Factor
    If a broker has "cheap" costs but slips your entry by 0.2 pips, that is an extra $2.00 per lot added to your cost that doesn't show up on their pricing page. This is an industry-wide dynamic and does not constitute a specific claim regarding Dukascopy's execution quality.
  • Cumulative Friction
    For a high-frequency trader or someone moving 1,000 lots a month, a mere $2.00 difference in total cost per lot is the difference between a $2,000 profit and a $2,000 loss.

How it Affects Total Cost Calculation

When we calculate the comparison between Afterprime and other brokers, we don't just look at a snapshot. We aggregate data across different market sessions to provide a "Net Cost" profile.

  • Volume Weighting
    We analyze how costs scale. As your volume increases, the impact of "Flow RewardsTM becomes the deciding factor. While other brokers keep your commission static regardless of your contribution to the ecosystem, we believe in rewarding "clean" flow.
  • The Logic of "Flow RewardsTM"
    Unlike traditional "cashback" models which are often just rebates of marked-up spreads, Flow RewardsTM are a direct reflection of the value your trading flow brings to our liquidity providers.
  • Insight
    By reducing the "toxic" flow (latency arbitrage, etc.) through our invite-only model, our Liquidity Providers (LPs) can offer us tighter pricing. We simply pass those savings directly back to you.

Dukascopy Overview

Dukascopy Bank SA is a Swiss-headquartered online bank and forex broker founded in 2004 by André and Veronika Duka and based in Geneva. The company operates as both a licensed bank and a securities dealer under FINMA supervision, making it one of a small number of retail-accessible brokers to hold full Swiss banking status. Dukascopy offers over 1,200 tradeable instruments across asset classes including forex, metals, indices, stocks, ETFs, bonds, commodities, and cryptocurrency CFDs. The broker’s proprietary trading infrastructure is the SWFX Swiss FX Marketplace, an ECN technology connecting to more than 20 institutional liquidity providers. Dukascopy employs over 300 staff and maintains offices in Geneva, Riga, Tokyo, and Hong Kong.

Dukascopy Regulation & Entity Structure

Dukascopy Bank SA is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a bank and a securities firm. Client deposits at the Swiss entity are protected up to CHF 100,000 under the Swiss deposit insurance scheme (esisuisse). Dukascopy Europe IBS AS, the broker’s European subsidiary based in Riga, Latvia, is regulated by the Financial and Capital Market Commission (FCMC); EU clients at this entity are eligible for protection up to EUR 20,000. Dukascopy Japan K.K. is regulated by the Financial Services Agency of Japan (JFSA). Dukascopy is a member of the Swiss Bankers Association and the International Swaps and Derivatives Association (ISDA).

Dukascopy Trading Platforms

Dukascopy’s flagship platform is JForex 4 (JFX4), a proprietary ECN platform with over 250 technical indicators, advanced algorithmic trading support, Visual JForex for no-code strategy building, and a professional-grade API. The broker also supports MetaTrader 4 and MetaTrader 5, the latter added in June 2024. Web-based trading and iOS and Android mobile apps are available for all account types. PAMM accounts with copy-trading functionality are also supported.

Dukascopy Account Types

Dukascopy offers a single live account structure with pricing tiers that vary based on total account equity and monthly trading volume. The minimum deposit is $100 USD across all account types. Spreads on major forex pairs start from 0.1 pips. Commissions range from $5 to $52.50 per million USD traded, depending on volume and account equity brackets. Leverage is available up to 1:200 across most instruments. Swap-free (Islamic) account functionality is available upon request. Managed accounts through the PAMM system are available for investors and fund managers. A video call identity verification step is mandatory during the account opening process.

FAQ.

Why is Afterprime invite-only?+

We curate membership to maintain clean order flow. Better flow quality means better liquidity access and more consistent execution for all members.

What volume do I need for Flow Rewards?+

Flow RewardsTM start with your first trade.

How do I verify your execution data?+

Visit ForexBenchmark.com for independent, real-time spread and execution monitoring. We’re listed alongside all major brokers.

Can I switch from IC Markets easily?+

Yes. Most traders transfer accounts in 2-3 business days. We provide a migration checklist and our team assists with the process.

What if my trading style doesn't fit?+

Afterprime is built for system-based traders who track performance and care about total cost. If you trade sporadically or prefer market execution without analysis, we’re probably not the best fit.

Does Dukascopy's Swiss banking status make it worth the higher cost?+

Dukascopy is a Swiss fintech bank. The Swiss banking brand carries credibility. For trading costs, the relevant question is what you actually pay per lot — and the 7-day average data shows Dukascopy at the expensive end of the market across all majors.

What platforms does Dukascopy offer vs Afterprime?+

Dukascopy’s proprietary platform is JForex, alongside MT4. Afterprime offers MT4, MT5, WebTrader, FIX API, and TraderEvolution. Dukascopy does not support MT5.

If you prefer Forex, Dukascopy is the only option. If you use MT4 or MT5, Afterprime covers the same instruments at a significantly lower all-in cost.

Does Afterprime's lower cost mean lower execution quality?+

Afterprime publishes sub-50ms execution latency. Execution quality is a structural claim, not a marketing one — every millisecond of latency on a large position is a measurable cost that compounds.

Dukascopy’s Swiss infrastructure is institutional-grade. Afterprime’s execution model is built around cost transparency and speed. The forexbenchmark data accounts for execution quality in the all-in cost figures — which is why Afterprime consistently ranks lower in total cost per lot

Dukascopy offers binary options and forex - does Afterprime?+

Afterprime is a CFD broker focused on forex, indices, commodities, and crypto. Dukascopy covers forex, CFDs, and binary options. The relevant comparison is the forex CFD offering — where Dukascopy’s costs are consistently higher and execution speed is not publicly benchmarked against Afterprime’s sub-50ms target.

Ready to Trade at True Low Cost?

Afterprime is invite-only. Apply below and our team
will review your trading profile within 48 hours.