Dukascopy Broker Reviews and Full Information

What is Dukascopy?

Dukascopy is an Swiss modern online bank located within Switzerland and operational since 2004 offering trading on the internet and via mobile as well as banking and other financial services using its own technological solutions. The principal technology utilized for the brokerage is SWFX which is the Swiss FX Marketplace Dukascopy's ECN technology that is a proprietary solution to its customers and a registered trademark.

Dukascopy brand name completely owns Dukascopy Europe IBS AS an European licensed brokerage company with its headquarters in Riga and the SIA Dukascopy Payments licensed company for payment and e-money which is a Type-1 certified broker with its headquarters in Tokyo operating under the name Dukascopy Japan.

Alongside Geneva headquarters, The bank also has branches located in Zurich, Riga, Kiev, Moscow, Kuala Lumpur, Hong Kong and recently , a new office located in Dubai.

Are Dukascopy a reliable broker?

Apart from providing trading and other services Dukascopy Bank provides extremely competitive rates for currency exchange via current accounts, which offer credit cards, e-banking, and a growing array of banking services.

This means that traders will get not just high-quality trading services, but also banking services offered by the top Swiss bank as well.


Dukascopy Pros and Cons

Dukascopy is a highly reliable and secure broker. It is a licensed Swiss Bank with excellent reputation. Account opening is simple There are plenty of trading options, ECN account, access to high leverage, a wide selection of trading tools and friendly platforms for users. Training, support, and funding methods are also extremely effective.

The negatives differs based on the company and a higher deposit may be more suitable for traders with greater experience.

 

Dukascopy web

10 Points Summary

Headquarters Switzerland
Regulation FINMA, JFSA, DFSA
Platforms JForex, MT4
Instruments Forex, Metals, CFDs on Indices, Bonds, Shares, Binary Options
EUR/USD Spread 0.2 pip
Demo Account Available
Minimum deposit 1,000 US$
Base currencies 23 currencies available
Education Educational materials and research
Customer Support 24/7

 

Awards

As we'll see in depth in the Dukascopy review The broker provides a wide range of online services with regards to financial investments.

With their active participation within the business and involvement in social activities via communities, the broker gained an enviable position on this market. Their achievements have been recognized numerous timesover the past several years, they were able to be awarded numerous top awards, which are now taking note.

Dukascopy awards

Is Dukascopy secure or is it a scam?

There is no need to worry, Dukascopy is a secure broker that adheres to FINMA Switzerland regulation and the highest security standards. It is regarded as an extremely low risk trader for Forex as well as CFDs broker.

Is Dukascopy legit?

Absolutely, Dukascopy is regulated by the Swiss Financial Market Supervisory Authority FINMA as an institution that is a bank as well as a securities dealer. Additionally, because of it's international reach, Dukascopy is granted an authorization from FCMC regulators in Latvia as well as FSA Japan, along with an authorization issued in Dubai through DFSA and other authorities that permit completely legal procedures, including trading and banking options.

What are the best ways to protect yourself?

As a result of the way the Dukascopy process, business and transactions operate with confidence. You as a trader are confident of its transparency in terms of trading and full compliance with the stringent requirements. So, customers and their money are safeguarded by various government institutions. This is an essential element in making a good choice with regards to the broker.

Dukascopy license

Leverage

The leverage levels that permit trading with the multiple accounts in your balance can open up a wide range of possibilities but could also conceal some greater risk of losing money too. Thus, you must carefully understand how to utilize it wisely. In terms of the Dukascopy and its obligations in relation to regulations,

  • The standard leverage limit established by the FINMA is 1:3 for Forex instruments.

Additionally, Dukascopy offers a large opportunity for traders by using the specially designed tool Dukascoin which offers traders an unique chance to take advantage of additional leverage and equity bonuses directly within the core of Dukascoin rewards program. Dukascopy leverage

 

Accounts

The Dukascopy account types differ only depending on the type of client. That is, there's the option of an personal account as well as a a Joint Account (designed for two people) and a corporate account.

How do you open an account?

Dukascopy account opening

Instruments

Alongside trading in Forex and precious metals, and CFD trading (on different underlying assets, including Indices, stocks, and commodities), Dukascopy Bank provides an online trading platform that allows Binary choices that trade on shares and Forex with a large selection of Cryptocurrencies.

The fascinating thing is the fact that trading instruments come with various conditions depending on its category, similar to Forex or CFD or Cryptocurrencies are separated into distinct categories that define the conditions required for trading as well as the risk that are involved. All the information you will learn through the reviews of Forex and CFD tag through the Dukascopy website.

But, with binary options, make sure you are aware of all terms and conditions since this tool may not be available to certain people.

Dukascopy instruments

Fees

Dukascopy price structure and pricing gives you a range of choices of instruments that you're willing trade because Dukascopy split it into the categories of Forex, CFDs, Binary and Cryptocurrencies and each has the fee structure for each.

In general, the cost is included in your total commission, which is defined as the volume commission in accordance with Net Deposit, Equity you trade and to the volume of trade.

 

 
Fees Dukascopy Fees BDSwiss Fees Plus500 Fees
Deposit Fee No No No
Withdrawal Fee No No No
Inactivity Fee Yes Yes Yes
Fee position Low High Average

 

 

Spreads

Fees for Forex that are included in the The basic spread for the popular pair EUR/USD averages out around 0.2 pips is the same for all clients, however the commission rates differ based on the volume of trading in addition to balances. Alike, the minimal deposit rate will be 35$ for every million of traded or 52.5dollars for CFDs and Metalswhich is are rated as having the lowest fees in the market.

For an example and an example of what you can use, please refer to the below the table of comparison for specific commissions and an overview of the applicable conditions. Also, for more understanding, check out another broker that is popular called HYCM..

Trading Fees of Dukascopy vs Similar Brokers
Asset/ Pair Dukascopy Spread BDSwiss Spread Plus500 Spread
EUR USD Spread 0.2 Pips 1.5 pips 0.6pips
Crude Oil WTI Spread 5 6 2
Gold Spread 30 25 29
BTC/USD Spread 60 2000 0.35%

Photo of trading Commission

Dukascopy comissions

Rollover

Another type of trading expense which is rollover or overnight fee. It is rollover fee or overnight charge is different by Advanced, Regular and Premium rollover rules that have different rates which assure a greater turnover in trading for clients , which results in better terms.

Non-trading fees

The opening and maintenance of your account is free However, if you decide to denominate the account with Gold it will be required to pay for custody costs. Remembering to make certain you are aware of the fee requirements for the instrument you're looking to trade to ensure that the correct structure is in place.

Dukascopy swap

Payment Methods

Dukascopy Bank allows opens trading accounts in 23 different currencies, including Gold (USD CHF EUR, GBP, CAD, AUD CZK DKK HKD HUF ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU and ZAR).

Options on deposit

Alongside various account base currencies, you can also add funds to your account using a variety of methods that suit your needs the best. This includes

  • Payment cards Visa, MasterCard, Visa Electron, Maestro,
  • Wire transfer (including quick and cheap SEPA transfer for EUR),
  • Via bank guarantees
  • E-wallets

Additionally, there is the possibility to finance the fund in Dukascoins that allow FX/CFD traders almost to double their trading margins when compared to standard funding techniques. Additionally, the Dukascoin funding facility offers a unique opportunity to earn simultaneously on the guaranteed high returns of Dukascoin deposits.

How much is the minimal deposit required for Dukascopy?

The minimum deposits quantity to be used for Dukascopy trading has been set at 1000$.

While some traders might consider it an amount to deposit, when you look at the an equilibrium between the conditions of trading and the services you receive when you consider trading fees and options, this sum should be quite sensible.

Dukascopy minimal deposit, compared to other brokers

  Dukascopy Most Other Brokers
Minimum Deposit $1,000 $500

Withdrawals

Since Dukascopy is a top Swiss banks, its customers are also have the benefit of banking. All payments are made through Dukascopy Bank SA.

In other ways in any other way Dukascopy is able to cover all fees applicable However, for when you withdraw funds due to outgoing transfers or withdrawals could result in charges that are dependent on the currency.

E.g. the USD account requires a 50$ in fees for SEPA payments, or 10$ for payments made in Bitcoins to cryptowallets. ensure you are aware of the relevant conditions.

How can I withdraw funds from Dukascopy?

All money management and transactions take place through your online account when you sign up for an account through Dukascopy.

Dukascopy withdrawal

Trading Platforms

Dukascopy trading platforms allow accessibility to Swiss Forex Marketplace (SWFX) as well as users access to CFDs, Forex, Binary and Cryptocurrency trading. they are specifically designed to offer an immediate and efficient performance across a range of market conditions.

Pros Cons
Platform for trading with proprietary technology JForex None
Design and layout that is user-friendly, as well as login  
Price alerts  
MT4 Included  
Many languages are supported, as well as technical analysis and strong features  
Access to MarketPlace  

Desktop platform

The Dukascopy trading platform ( JForex) offers a variety of risk management tools and control of execution of orders, as well as excellent technical analysis.

JForex platform is recommended for trading either manually or automatically as it is it was designed to blend both with the possibility of testing trading strategies that are based on JAVA. The platform is also extremely powerful the platform was created to trading on iOS as well as Android devices, as well as via JForex web3interface.

Web-based trading platform

It is possible to trade using your browser without prior downloading or setting, however the full functionality is accessible through desktop trading.

All platforms offer various trading orders, slippage controls capability that permits controlling the price at which you can trade in addition to two different trading modes "Net position" in addition to "Hedging" option.

But, the well-known trade platform called MT4 is a favorite among many users , is still an alternative for Dukascope customers. Dukascopy is not a MT4 platform for accessing the Swiss Forex Marketplace (SWFX) or a specific instrument, specifically created specifically for CFD trading.

However, users can use an alternative solution from a third party that connects to the SWFX into an environment MT4 (third party's bridge for MT4).

Mobile Apps

There are mobile applications included in the package that allow you to be on the move, monitor your position and do basic analysis. You can find the right version to your device through the download center. You also will receive high-quality trading conditions and excellent support via live chat.

Dukascopy platfrom

Customer Support

Another of the top aspects to highlight in the Dukascopy review is the expertly trained customer service accessible 24/7 and providing pertinent answers to every question you could need to ask. We tested its support and were able to score them at the top of the list for speedy response, quality and overall rank. All in all, it's one of the advantages from Dukascopy too.

 

Education

In terms of the educational support that is provided, Dukascopy Bank furnishes a array of financial information that is free and other resources via their website, TV online and Freeserve offerings which are crucial for new traders and experienced traders too. Overall, we discovered Dukascopy education at a excellent level for everyone.

The live online Dukascopy community of more than 130'000 members lets you traders to exchange their trading experiences, strategies and market perspectives and also traders can take home prizes from different contests.

Dukascopy education

Conclusion

In the end, Dukascopy brings a stable as well as competitive service to the market. It also offers extremely competitive spreads, together with general pricing as well as a range of programs that make them to the most effective alternatives to trade. The platform solution and optimization of the strategy, and automated trading tools create a powerful technological scope. Any trader can find their value within the firm. The broker's trading community is impressive that includes research and resources and a variety of contests, which are varied even to trader's interests. With great support, not just by their numerous teams across the globe, but also through a variety of research resources, as well as a wide range of knowledge and data.

Summary
Properties Values
Name
Dukascopy
Minimum Diposit
$ 1000
Leverage
1:30
Regulation
FINFSA (Finland),FSA (Japan),,
Headquarters
Switzerland
Established
2004
Address
Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15, Switzerland
Platform
MT4,,
Payment Method
Visa,Mastercard,Wire,Skrill,Neteller,,
Overview
Properties Values
Spreads
0.2 pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),ECN (electronic communications networks),Instant Execution,,,,,
Account Type
Mini account,Standard,,
Brokers by Country
European Union Brokers,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Spread Betting Brokers,Automated Trading Brokers,Mobile Trading Brokers,Day Trading Brokers,,
Instruments
Forex Trading Brokers,Futures Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Commodity Forex Brokers,Indexes Trading Brokers,,
Account currency
USD,EUR,GBP,,USD,
Tools
Economic Calendar,Charting Software,,
Website Languages
en,,
Support languages
en,,
Bonus
Yes
Reviews Rating
3.2
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. FSA Regulated.
2. MT4 trading platform available.
Cors
1. No MT5 Platform.
Display Analysis
Yes
Serving country
CN,HK,JP,LV,MY,RU,UA,AE,,
Not Serving country
BE,IL,US,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
No
Forex pairs
Yes
CFDs
No
Crypto
Yes
Hedging
Yes
PAMM
PAMM,Myfxbook Auto trade,Mql5 signals,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+41 22 799 4888
Customer Support
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