Dukascopy Europe Review

 

DUKASCOPY EUROPE Review

» Dukascopy Europe Rating Analysis

Dukascopy Europe –Member of the Swiss Dukascopy Group:

Dukascopy Europe is an EU-based subsidiary of Dukascopy Swiss Bank. Dukascopy offers ECN Forex trading and CFD trading to private individuals and institutional clients. The difference between opening an account with Dukascopy Europe instead of opening an account with Dukascopy Bank is that the whole process is faster and easier. Dukascopy Europe accepts simple scans for verification. Furthermore, Dukascopy Europe minimum account is just $100 and may be funded not only via Bank Wire but also via Credit and Debit Cards (Maestro, Visa, and Electron).

 

DUKASCOPY EUROPE GENERAL INFORMATION

Foundation: Dukascopy Europe was established in 2011 (The Group operates since 1998)

Headquarters: Dukascopy Europe is based in Latvia (EU)

US Residents: Dukascopy Europe does not accept US clients –No-

Islamic Accounts: Dukassopy Europe offer Swap-Free Forex Accounts –Yes-

Regulated: Dukascopy Europe is regulated by the Financial and Capital Market Commission (FCMC)

Languages: Dukacsopy Europe customer support via English, Arabic, French, German, Japanese and Russian

DUKASCOPY EUROPE TRADING INFO SUMMARY

■ Broker Type: ECN Forex broker (Liquidity from the SWFX Swiss Market)

■ CFD Trading: -Yes-

Platforms: Dukascopy Europe offers the JForex Automated Platform, plus WebTrader, JavaTrader and MetaTrader4 via bridge only. Mobile traders for iOs and Android.

Trading Time Zone: GMT

■ Demo Account: Dukascopy Europe is providing a Demo Account Yes-

■ Minimum Spread EUR/USD: 0.2-0.4 pip

■ Leverage: Leverage up to 1:300 (FOR EUROPEAN TRADERS UP TO 30:1)

■ Bonus Policy: Dukascopy Europe offers 10% Equity bonus (At the time of the review)

■ Minimum Account: $100

Start an Account with Dukascopy Europe

 

DUKASCOPY TRADING PRODUCTS

Dukascopy Europe offers a wide Forex Asset Index plus CFD Trading:

■ 50+ Forex pairs (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/HKD, CAD/JPY, CHF/JPY, CHF/SGD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/GBP, EUR/HKD, EUR/JPY, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/SGD, EUR/TRY, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, HKD/JPY, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD, SGD/JPY, USD/CAD, USD/CHF, USD/DKK, USD/HKD, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR, XAG/USD, XAU/USD)

■ Gold and Silver (Spot Trading)

■ US Oil and UK Oil

Many Equity Indices from Europe, Asia, and America (US-30, US-500, US-100, DAX, CAC-40, and more)

Dukascopy Europe allows all types of day-trading including Forex scalping etc.

 

DUKASCOPY EUROPE SPREADS AND LEVERAGE

Dukascopy Group offers some of the lowest trading spreads in the Forex Industry.

EURUSD minimum spread at 0.2 pips (typical 0.4-0.5 pips)

Trading Commissions for retail accounts $1.0-$3.5 per standard lot (for more info go to Dukascopy Europe website)

Enormous Liquidity (Trade up to 200 million with one click)

Capital Leverage when trading with Dukascopy Europe can be up to 300:1 (90:1 on weekends -FOR EUROPEAN TRADERS UP TO 30:1)

 

 

DUKASCOPY EUROPE PLATFORMS

Dukascopy Europe offers a wide variety of trading Platforms, including:

1. JForex

2. Java (Java Platform for manual trading)

3. MT4 (via software bridge only)

4. Web Platform (Directly with web browser / no installation required)

5. iPhone, iPad and Android (apps supports Edge/3G/Wi-Fi connection types)

The languages available are English, Germanian, French, Japanese, Russian, Italian and Latvian.

Demo account is available.

Extra Features / Services:

1. Scalping is fully allowed

2. Transparency of the pricing environment

3. Anonymous trading - without the need for phone-based currency dealing

4. Trade 200 million USD in a single order

5. Access to news and analytics

6. A wide range of trading orders

7. No price and execution manipulations (no re-quotes)

8. Twenty free SMS per month to every client. The SMS notifications include several events occurring on their trading accounts as well as notifications about market triggers and user’s custom set price levels.

 

DUKASCOPY NEW ACCOUNT INFORMATION

Account Currencies: USD, CHF, EUR, GBP, JPY, CAD, AUD, SGD, DKK, NOK, RUB, SEK, PLN, and HKD. Funding facilities include Bank Guarantees.

The minimum initial deposit required for opening an account with Dukascopy is 100 USD

Fund your account via Bank Wire, Maestro, Visa, and Electron

The maximum amount of transaction per credit card is 5,000 USD / 4,000 EUR / 3,500 GBP

Fund Commissions or Fees: No

SWAP-Free Accounts: Yes

Start an Account with Dukascopy Europe

Bank Guarantees:

The bank guarantee solution allows traders to maintain their funds in their trusted bank, in that way they can be accessed immediately. Bank guarantee can be issued for several accounts if they are under the same name. Dukascopy Europe accepts bank guarantees for deposits starting from 250,000 USD.

Dukascopy Europe Principles

Dukascopy Bank is an ECN forex broker providing foreign trading services based on the following principles:

• Equal trading rights, that means that all Dukascopy Europe clients have equal possibilities to provide and consume liquidity
• Transparent pricing environment, that means that all Dukascopy Europe clients can access the same liquidity at equal pricing through a single data feed.

 

DUKASCOPY EUROPE REVIEW CONCLUSIONS

DUKASCOPY EUROPE PROS

DUKASCOPY EUROPE CONS

√ Real ECN Trading Conditions via the SWFX Swiss Market

√ Narrow trading spreads and low trading commissions

√ Belongs to the Swiss Dukascopy Bank Group

√ JForex platform for state-of-the-art trading

√ 24/7 Customer Support

√ 10% Equity Bonus (at the time of the review)

X MetaTrader-4 is available only via a software bridge

X Limited withdrawal methods

 

 

Dukascopy Europe Review Conclusion:

Dukascopy Europe (part of Swiss Dukascopy Bank Group) is one safe place to trade the Forex market. Moreover, they offer some of the lowest spreads in the market starting as low as 0.2 pips plus tight trading commissions. The great advantage when trading with Dukascopy Europe is the existence of the SWFX market, and the huge liquidity that it offers (you can trade up to 200 million with one click).

Dukascopy Europe is ideal for day-trading, and scalping at it provides fast execution and very tight spreads.

 

Start an Account with Dukascopy Europe

 

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Dukascopy Europe Review

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