DUKASCOPY EUROPE RATING ☆ OVERALL SCORE {75.6%} (?)
Dukascopy Europe is an ECN/NDD Forex broker and part of the Dukascopy Swiss Bank Group. Based in Latvia (EU), the broker offers very tight spreads, PAMM accounts, automated trading, and supports scalping strategies.
■ 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
The Rating Formula 5.0 gives Dukascopy Europe a good rating for both competition and technology. The broker is a strong choice for intraday traders, scalpers, and carry traders.
» Dukascopy Europe Accounts | » Dukascopy Europe Review
📊 DUKASCOPY EUROPE RATING SUMMARY
The following table presents Dukascopy Europe’s rating summary based on (i) three rating aspects, (ii) 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}
□ Dukascopy Europe Rating Review
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