dukascopy137x66

Regulation FINMA
Accepts US Clients: No
Min. Deposit: $5000-$100
Leverage: 100:1, 200:1, 300:1
Platforms: Android Trader , Dukascopy Web Platform , Java , Jforex , MetaTrader 4 , MobileTrader

Broker Overview

Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well.

Company Information

Broker’s Name Dukascopy Bank SA
Website www.dukascopy.com
Headquartered in Geneva, Switzerland
Founded in 1998
Regulating Authority FINMA
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 41 22 799 4888
Fax Number 41 22 799 4880
E-mail Address info@dukascopy.com

Account Options

Type of Broker ECN
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 100:1, 200:1, 300:1
Minimum Deposit $5000-$100
Deposit Options Bank Wire Transfer , Credit Card , Custodian Bank , Bank Guarantee
Withdrawal Options Bank Wire Transfer

Bonus & Rewards

No Deposit Bonus No
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction? Yes
Other Bonuses No

Trading Platform

Platform Type Android Trader, Dukascopy Web Platform, Java, Jforex, MetaTrader 4, MobileTrader
Platform Languages Multi-lingual
OS Compatibility Mac OS , iOS , Windows
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts Yes
Mobile Alerts  Yes
Scalping Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  Yes
Guaranteed Limit Orders  Yes
Guaranteed Fills  No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders Yes

Customer Service

Customer Support Languages English, German, Russian, French, Arabic, Chinese, Japanese
Customer Service Hours 24h
Place Trades Over the Phone?  ForexTradingTime.com_ Forex Brokers List & Reviews

Dukascopy - Review

Impression

Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well.

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Trading Platform

Dukascopy offers a few different choices for platforms. JForex is their standalone version of the Java based platform, although the two operate identically. Baner-min1The broker also offers a Web-based platform and iPhone/iPad platform. There is also a beta test of Metatrader4, but this has been ongoing and is long overdue to be implemented.

Customer Service

Dukascopy has phone and live trading support via phone for traders, 24 hours a day during the Forex market hours.

Reliability

Being one of the original ECN brokers, Dukascopy has plenty of former and current customers that can attest to its reliability and dependability. Being regulated and a Swiss bank – there are plenty of protections for the customer.

Commissions and Spreads

Dukascopy charges a staggered list of commissions for their trading services depending on the size of your account. For the smallest accounts, it can be as high as $48 per million traded, and for larger accounts, it gets as cheap as $5 per million traded.

Promotions

Dukascopy will often have trading contests, on both live and demo accounts. Check the website for the latest one.

Conclusion

Dukascopy is a value-packed broker for a professional setting in the Forex world. The broker has long been known to be reliable, honest, and cheap in their commissions. While there are no micro accounts, if you have a decent sized account, this is a good choice for you.

Pros:

  • Variable spreads. This keeps the spread tight, which is one of your biggest expenses as a trader.
  • The JForex platform is well-known and reliable. It has been used for several years, and is very stable.
  • Accounts can be started with as little as $1000, fairly low for a true ECN.
  • Dukascopy now allows trading of spot precious metals.

 Cons:

  • The variable spreads can be an issue during news events, but only if you are looking to scalp the news announcement.
  • Deposits are only allowed via bank wires.

 

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