DUKASCOPY EUROPE RATING -OVERALL SCORE {75.6%} (?)
Dukascopy Europe is an ECN/NDD Forex broker part of the Dukascopy Swiss Bank Group. The broker is based in Latvia (EU) and offers very tight spreads, PAMM accounts, automated trading, and scalping.
■ Deposit Requirements: 100 USD
■ Funding: Credit / Debit Cards | Bank Wire
■ Platforms: JForex | JavaTrader | WebTrader | FIX/API | Mobile Traders
■ Customer Support: English | Arabic | French | German | Russian | Japanese
» Dukascopy Europe Accounts | » Dukascopy Europe Review
The RatingFormula 5.0 gives a good rating as concerns Dukascopy Europe's competition and technology. The broker is a very good choice for intraday traders, scalpers, and carry traders.
DUKASCOPY EUROPE RATING SUMMARY
The following table contains Dukascopy Europe's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
67.4% |
|
78.6% |
|
75.9% |
|
84.4% |
|
75.6% |
| TRADING EXPERIENCE | |
|
70.2% |
|
70.1% |
|
71.3% |
| TRADING STYLE | |
|
74.3% |
|
66.2% |
|
83.7% |
DUKASCOPY EUROPE DETAILED RATING REVIEW
| DUKASCOPY EUROPE RATING ANALYSIS | ||||
| DUKASCOPY EUROPE TOTAL RATING | 100.0% | |||
| 75.61% | FULL ANALYSIS | |||
| A. DUKASCOPY EUROPE SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 18.86% | Rating the Dukascopy Europe Safety |
| A.1 Dukascopy Europe 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% | 6.00% | Dukascopy Europe is regulated by the FCMC (Latvia)= 3.0% | Controlled by a Swiss Bank = +2.0% | Controlled by MiFID=+1% | Total = 6.0% Rating |
| A.2 Dukascopy Europe 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% | 4.00% | Dukascopy Europe offers client compensation up to 20,000 EUR through the national Investor Compensation Scheme (https://www.oecd.org/finance/Latvia-financial-markets-2016.pdf) = 4.0% rating |
| A.3 Dukascopy Europe 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% | 2.00% | Dukascopy Europe maintains headquarters in Latvia (EU) = 2.0% rating |
| A.4 Dukascopy Europe 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% | 4.00% | Dukascopy Europe was found in 2011 (5+ years) = 4.0% rating |
| A.5 Dukascopy Europe Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | Dukascopy Europe provides client bank segregated accounts = 2.5% |
| A.6 Dukascopy Europe Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.36% | Dukascopy Europe ForexPeaceArmy Rating is 3.6/5.0 = 0.36 % rating |
| A.7 (+) Dukascopy Europe ADJUSTING RESULTS | ||||
| A.7.1 Dukascopy Europe 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 Europe handles less than 250,000 accounts = 0% Rating |
| B. DUKASCOPY EUROPE TRANSACTION COST | MAX WEIGHT→ | 28.0% | 22.00% | Rating the Dukascopy Europe Transaction Cost |
| B.1 Dukascopy Europe 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 Europe EURUSD spread is 0.3 pip = 7.0% rating |
| B.2 Dukascopy Europe 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 Europe GBPUSD spread is 0.7 pips = 4.5% rating |
| B.3 Dukascopy Europe 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 Europe USDJPY spread is 0.7 pips = 4.5% rating |
| B.4 Dukascopy Europe 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 Europe charges (max) trading commissions $3.5/lot = 2.0% |
| B.5 Dukascopy Europe 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 Europe rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$4.1 | Dukascopy Europe 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 Europe 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 Europe Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 0.00% | Dukascopy Europe charges Inactive Fees = 0.0% rating |
| B.8 (+) Dukascopy Europe ADJUSTING RESULTS | ||||
| B.8.1 Dukascopy Europe 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 EUROPE TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 21.25% | Rating the Dukascopy Europe Options for Traders |
| C.1 Dukascopy Europe 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 Europe Provides 50 Forex Pairs = 8.0% rating |
| C.2 Dukascopy Europe CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | Dukascopy Europe offers CFD trading = 2.5% rating |
| C.3 Dukascopy Europe CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 0.00% | Dukascopy Europe is not offering CFDs on Futures = 0.0% rating |
| C.4 Dukascopy Europe Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | Dukascopy Europe Provides a free Demo/Practice account = 2.0% rating |
| C.5 Dukascopy Europe Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | 300:1 max Trading Leverage = 1.0% rating |
| C.6 Dukascopy Europe Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 Dukascopy Europe 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 Europe 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 Europe Offers some trading rebates (check Forex-Rebates.com) = 1% rating | |
| C.7 Dukascopy Europe 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% | 2.00% | The min. deposit amount is $100 = 0.0% rating |
| C.8 Dukascopy Europe Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 1.50% | Dukascopy Europe offers 3 deposit methods (Cards, Bank Wire, Bank Guarantees) = 2.0% rating |
| C.9 Dukascopy Europe Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 1.00% | Dukascopy Europe offers 2 withdrawal method (Cards, Bank Wire) = 1.0% 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 Europe offers less than 2 pips minimum stop-out order distance = 1.0% rating |
| C.11 (+) Dukascopy Europe 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 Europe Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.25% | Dukascopy Europe offers Real/Demo Account Competitions = +0.25% rating |
| D. DUKASCOPY EUROPE TECHNOLOGY | MAX WEIGHT→ | 16.0% | 13.50% | Rating the Dukascopy Europe Technological Efficiency |
| D.1 Dukascopy Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | Dukascopy Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe is offering API trading = +0.5% |
| TOTAL RATING | 75.61% | |||
DUKASCOPY EUROPE LICENSES AND LEGAL INFORMATION
Dukascopy Europe-EU is a subsidiary of the Dukascopy Bank (Swiss).
■ Dukascopy Europe is based in Latvia (EU)
■ Dukascopy Europe is regulated by FCMC (Latvia), and controlled by MiFID (EU)
■ Dukascopy Europe offers compensation up to 20,000EUR per client through the national Investor Compensation Scheme {https://www.oecd.org/finance/Latvia-financial-markets-2016.pdf}
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