DUKASCOPY BANK RATING -OVERALL SCORE {81.6%} (?)

 

Dukascopy Bank is an ECN broker based in Switzerland. The broker offers good safety of money and very tight spreads and it is ideal for professioanal traders of all styles.

Deposit Requirements: 5,000 USD

Funding: Bank Wire | Bank Guarantees

Platforms: JForex | JavaTrader | WebTrader | Mobile Traders

Customer Support: English | Arabic | Russian | French | German | Japanese

» DUKASCOPY BANK ACCOUNTS

Chart: Dukascopy Bank Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives an excellent rating as concerns Dukascopy Bank's safety of money, competition, and technology. The RatingFormula gives a very low rating as concerns Trading Options (due to limited fund methods, high deposit requirements, etc.).

Chart:Dukascopy Bank Special Ratings

Dukascopy Bank Rating Summary

The following table contains Dukascopy Bank's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • DUKASCOPY BANK FUNDS SAFETY
99.5%
  • DUKASCOPY BANK TRANSACTION COST
78.6%
  • DUKASCOPY BANK TRADING OPTIONS AVAILABLE
65.2%
  • DUKASCOPY BANK TECHNOLOGY
84.4%
  • OVERALL RATING
81.6%
TRADING EXPERIENCE  
  • DUKASCOPY BANK FOR FOREX BEGINNERS
67.5%
  • DUKASCOPY BANK FOR ADVANCED FOREX TRADERS
74.9%
  • DUKASCOPY BANK FOR PROFESSIONAL FOREX TRADERS
78.3%
TRADING STYLE  
  • DUKASCOPY BANK FOR INTRADAY TRADERS
80.0%
  • DUKASCOPY BANK FOR SWING TRADERS (MID-TERM)
71.3%
  • DUKASCOPY BANK FOR CARRY TRADERS (LONG-TERM)
90.1%

DUKASCOPY BANK DETAILED RATING REVIEW

DUKASCOPY BANK RATING ANALYSIS    
DUKASCOPY BANK TOTAL RATING   100.0% Dukascopy Bank
      81.61%  
A. DUKASCOPY BANK  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 27.86% Rating the Dukascopy Bank Safety
A.1 Dukascopy Bank License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% Dukascopy Bank is regulated by the FINMA (SWISS) | Total = 10.0% Rating
A.2 Dukascopy Bank Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 5.00% Dukascopy Bank offers client compensation (in case of insolvency) up to 100,000 CHF through FINMA as any other Swiss Bank = 5.0% rating
A.3 Dukascopy Bank Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% Dukascopy Bank maintains headquarters in Switzerland = 5.0% rating
A.4 Dukascopy Bank Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% Dukascopy Bank was found in 1998 (10+ years) = 5.0% rating
A.5 Dukascopy Bank Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% Dukascopy Bank provides client bank segregated accounts = 2.5%
A.6 Dukascopy Bank Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.36% Dukascopy Bank ForexPeaceArmy Rating is 3.6/5.0 = 0.36 % rating
A.7 (+) Dukascopy Bank ADJUSTING RESULTS        
A.7.1 Dukascopy Bank Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% Dukascopy Bank handles less than 250,000 accounts = 0% Rating
B. DUKASCOPY BANK TRANSACTION COST MAX WEIGHT→ 28.0% 22.00% Rating the Dukascopy Bank Transaction Cost
B.1 Dukascopy Bank spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 7.00% Typical Dukascopy Bank EURUSD spread is 0.3 pip = 7.0% rating
B.2 Dukascopy Bank spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% Typical Dukascopy Bank GBPUSD spread is 0.7 pips = 4.5% rating
B.3 Dukascopy Bank spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% Typical Dukascopy Bank USDJPY spread is 0.7 pips = 4.5% rating
B.4 Dukascopy Bank Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 2.00% Dukascopy Bank charges (max) trading commissions $3.5/lot = 2.0%
B.5 Dukascopy Bank Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 2.00% Dukascopy Bank rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$4.1 | Dukascopy Bank rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$3.3 | Total cost in absolute value is $0.8, rating = 2.00%
B.6 Dukascopy Bank Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 0.00% Dukascopy charges withdrawal commissions = 0.0% rating
B.7 Dukascopy Bank Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 0.00% Dukascopy Bank charges Inactive Fees  = 0.0% rating
B.8 (+) Dukascopy Bank ADJUSTING RESULTS        
B.8.1 Dukascopy Bank Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. DUKASCOPY BANK TRADING OPTIONS MAX WEIGHT→ 28.0% 18.25% Rating the Dukascopy Bank Options for Traders
C.1 Dukascopy Bank Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% Dukascopy Bank Provides 50 Forex Pairs = 8.0% rating
C.2 Dukascopy Bank CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% Dukascopy Bank offers CFD trading = 2.5% rating
C.3 Dukascopy Bank CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 0.00% Dukascopy Bank is not offering CFDs on Futures = 0.0% rating
C.4 Dukascopy Bank Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% Dukascopy Bank Provides a free Demo/Practice account = 2.0% rating
C.5 Dukascopy Bank Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 100:1 max Trading Leverage = 1.0% rating
C.6 Dukascopy Bank Bonus/Rebate Promotions   5.0%    
C.6.1 Dukascopy Bank Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   1.00% 10% Welcome Bonus (Cash Bonus / Withdrawable) = 1.0% rating
C.6.2 Dukascopy Bank Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   1.00% Dukascopy Bank Offers some trading rebates (check Forex-Rebates.com) = 1% rating
C.7 Dukascopy Bank Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 0.00% The min. deposit amount is $5,000 = 0.0% rating
C.8 Dukascopy Bank Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 1.00% Dukascopy Bank offers 2 deposit methods (Bank Wire, Bank Guarantees) = 1.0% rating
C.9 Dukascopy Bank Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 0.50% Dukascopy Bank offers 1 withdrawal method (Bank Wire) = 0.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% Dukascopy Bank offers less than 2 pips minimum stop-out order distance = 1.0% rating
C.11 (+) Dukascopy Bank ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 50 Forex Pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 Dukascopy Bank Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.25% Dukascopy Bank offers Real/Demo Account Competitions = +0.25% rating
D. DUKASCOPY BANK TECHNOLOGY MAX WEIGHT→ 16.0% 13.50% Rating the Dukascopy Bank Technological Efficiency
D.1 Dukascopy Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% Dukascopy Bank offers JavaTrader, Jforex, and WebTrader platforms = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% Dukascopy is offering 'Trading-On-Charts' = 1.0% rating
D.3 Dukascopy Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.50% Dukascopy Bank Slippage on execution is less than 1.5 pip = 0.5% rating
D.4 Dukascopy Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% Dukascopy Bank allows automated trading = 2.0% rating
D.5 Dukascopy MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 0.00% Dukascopy Bank is not offering the MT4 platform (only MT4 bridge) = 0.0% rating
D.6 Dukascopy Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% Dukascopy Bank offers the Jforex mobile app for iPhone and Android = 2.0% rating
D.7 Dukascopy Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% Dukascopy Bank allows both Scalping and Hedging = 1.0% rating
D.8 Dukascopy Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% Dukascopy Bank offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0%
D.9 (+) Dukascopy ADJUSTING RESULTS        
D.9.1 Dukascopy PAMM / MAM Accounts PAMM / MAM Accounts = 0.5% rating | No = 0 % rating 0.5% 0.50% Dukascopy Bank is offering PAMM accounts = +0.5%
D.9.2 Dukascopy Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% No Free VPS = 0%
D.9.3 Dukascopy API Trading API trading = 0.5 % rating | No API = 0.0 % rating 0.5% 0.50% Dukascopy Bank is offering API trading = +0.5%
    TOTAL DUKASCOPY BANK RATING 81.61%  

LICENSES AND LEGAL INFORMATION

The broker Dukascopy Bank operates in the market since 1998, and it is licensed as a Swiss Bank by FINMA since 2010.

■ Dukascopy Bank is based in Switzerland

■ Dukascopy Bank is regulated by FINMA (Swiss Financial Market Supervisory Authority) » Website

■ Dukascopy Bank, as a Swiss Bank, covers up to 200,000 CHF per client in case of corporate insolvency

■ Dukascopy Bank opens accounts less than 5,000 USD for Swiss residents

 

 

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DUKASCOPY BANK RATING REVIEW

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