Dukascopy Bank

REVIEW DUKASCOPY BANK

 

📌 DUKASCOPY REVIEW SUMMARY

• Broker Type: ECN via the SWFX Swiss Market

• US Traders: NO

• Regulation: FINMA (SWISS) | FCMC (EU)

• Trade Platforms: JForex, Java Trader, WebTrader, MetaTrader4 via Software Bridge

• Mobile Apps: iPhone, iPad, Android

• Auto-Trading & Scalping: Yes to both, plus social trading

• Asset Classes: 60+ Forex Pairs, 2 Indices, Metals, Energy

• Dukascopy Minimum Account: $1,000

• Fund Methods: Cards (Maestro, Visa, and Electron)

» Open an account with Dukascopy Bank

 

DUKASCOPY FULL REVIEW

🏛️ Introduction to the Duksacopy

Dukascopy is an ECN broker providing extensive liquidity through its own SWFX Market. It is part of the Dukascopy Swiss Forex Group and is headquartered in Switzerland.

□ Headquarters: Switzerland

□ Regulation: Dukascopy Bank is regulated by FINMA (SWISS)

□ Regulation: All Dukascopy Bank's clients are protected up to CHF100,000 by esisuisse

□ Foundation: The Dukascopy Swiss Forex Group was founded in 1999

□ Account Segregation: YES

 

Dukascopy Bank Trading Features

(1) Fast Execution – Via in-house built technology, Dukascopy offers access directly to liquidity providers and order execution in milliseconds.

(2) Tight Spreads –Via enormous ECN liquidity, Dukascopy offers spreads as low as 0.2 pips on EURUSD.

(3) No Limits – Trade $200 million USD in a single order

(4) Depth-in-market – All Dukascopy traders can monitor the full market depth.

(5) Equal Trading Rights and Conditions – All Dukascopy clients have equal treatment in terms of offered spreads, liquidity, etc.

(6) Transparent pricing – Same pricing and same liquidity for all traders no matter their size

 

💱 DUKASCOPY ASSET INDEX & SPREADS

The Dukascopy asset index contains Forex pairs, Energy, Metals, and Stock Indices:

• 60+ Forex pairs (All majors and many crosses and exotic pairs)

• Trade Gold and Silver on Spot

• Trade UK Oil and US Oil

• Trade Major Indices (US 30, US 100, US 500, Australia 200, Spain 35, EU Stocks, Hong Kong, Germany 30, France 40, Switzerland 20, UK 100, Japan Stock Index,

 

🖥️ DUKASCOPY TRADING PLATFORMS & TECHNOLOGY

DUKASCOPY offers three main trading platforms along with three mobile trading apps. The broker has developed its own platform, called JForex, which features dozens of Expert Advisors designed exclusively for it. Additionally, there is a Web Platform and a Java Platform. Mobile apps are available for iPad, iPhone, and Android. MetaTrader 4 can be accessed through a software bridge. Automated trading, Expert Advisors (Forex Robots), hedging, and scalping are fully supported.

□ Dukascopy Mobile Trading: iPhone, iPad, and Android

□ Automated Trading: YES

□ Hedging / Scalping: YES

□ Social Trading: YES

□ PAMM / MAM Accounts: YES

DUKASCOPY SOCIAL TRADING

• Set up your desired Stop-loss level and personal Trading ratio to filter any signal provider

• Use in-house VPS-like service for free, all trading signals can be executed even when traders are offline

• Monitor and Manage all copied positions via a mobile platform

DUKASCOPY PAMM/MAM ACCOUNTS

• Manage all currency accounts in one platform

• Multi-choice of a base currency

• Fee calculation function

• Block trading facilities for certain accounts

» Dukascopy New Accounts Page

 

💼 DUKASCOPY TRADING ACCOUNTS

Dukascopy provides customer support via phone, email, and Skype. In addition, it provides live trading support via phone, 24 hours a day, 5 days a week.

DUKASCOPY ACCOUNT TYPES	DUKASCOPY ACCOUNT INFORMATION
Base Currency Options	USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY and ZAR
Contract size (lot)	100,000 (a standard lot)
Minimum Initial deposit	$1,000
Maximum Leverage	30:1
Spread on all majors	As low as 0.2 pips
Trading Commission	$0.5/LOT TO $4.8/LOT
Hedging / Scalping	Yes
SWAP Free / Islamic Account	Yes
	» Dukascopy New Accounts (Demo/Real)

□ Minimum Account: $1,000

□ Fund Methods: Bank Wire, Credit Cards, Debit Cards (VISA, Electron, Maestro)

□ Account Currencies: USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY and ZAR

□ Withdrawal Commissions: NO

□ Multilingual Personal Account Manager: Yes (24/5) | Live Trading support via phone, 24 hours a day, five days a week

□ Customer Support Methods: Phone, Skype, and Email

□ Customer Support / Web-Site Languages: English, Arabic, Chinese, French, German, Japanese, Russian

 

DUKASCOPY FREE EDUCATION

□ Forex market updates / Full Trading Tools / Daily Technical Analysis

□ Free Education

□ Demo and Real Account Contests

 

🔢 DUKASCOPY REVIEW -MAIN PROS & CONS

DUKASCOPY PROS √

DUKASCOPY CONS X

(√) Regulated by FINMA (SWISS) (√) All Dukascopy Bank's clients are protected up to CHF100,000 by esisuisse (√) Real ECN Forex Broker (√) Enormous Liquidity via SWFX Market (trade 200 million USD in a single click (√) Tight variable spreads and low trading commissions. EURUSD starts as low as 0.2 pips (√) Top technology and fast execution via the JForex Platform (√) Automated Trading and Scalping are allowed. Ideal for Day-Traders and Scalpers (√) Multilingual customer support / Live Trading Support 24/5

(x) MetaTrader4 only via a software bridge (x) Doesn't support internet wallets (Paypal, Skrill, etc.)

 

🎯 DUKASCOPY REVIEW –FINAL THOUGHTS

Dukascopy is part of the Dukascopy Swiss Forex Group, which provides access to the Swiss ECN Forex Market through the innovative Dukascopy SWFX Market. It offers a unique trading environment for individual and professional traders, as well as investment companies and hedge funds. A major advantage of trading with Dukascopy is the availability of vast liquidity, resulting in very tight spreads. With this liquidity, you can trade $200 million with just a single click. Dukascopy Bank delivers professional trading conditions to retail Forex traders, which includes:

(1) A minimum account size of just $1,000

(2) Account funding via bank wire

Dukascopy Bank is regulated by FINMA, a highly trusted authority. Additionally, all clients are protected by esisuisse for up to CHF 100,000.

Regarding platforms, Dukascopy offers three desktop and three mobile platforms. The broker’s proprietary platform, JForex, provides unique features for automated Forex trading and scalping. There are dozens of Expert Advisors designed exclusively for JForex. Other options include a Web Platform and a Java Platform. Mobile apps are available for iOS and Android. MetaTrader 4 can be accessed via a software bridge.

In terms of trading conditions, Dukascopy offers very tight spreads and low commissions. The combination of fast execution and tight spreads makes it ideal for Forex scalping and day trading. The typical spread on EUR/USD ranges between 0.4 and 0.6 pips, with a maximum commission of $4.80 per lot. For large accounts, commissions can be as low as $0.50 per lot.

The minimum deposit to open a live account with Dukascopy Bank is $1,000, payable via bank wire. Dukascopy also runs trading promotions, including live and demo contests. Overall, Dukascopy is a top choice for ECN Forex trading, offering tight spreads, advanced technology, and secure funds. New clients can also benefit from an additional rebate promotion (along with an Equity Bonus), featuring a 20% rebate (link below).

» Open an account with Dukascopy

 

◙ DUKASCOPY BANK REVIEW

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