Dukascopy Bank Review
DUKASCOPY BANK GENERAL INFORMATION
■ Foundation: Dukascopy Bank was founded in 1998
■ Headquarters: Dukascopy Bank has offices in Switzerland
■ US Residents: Dukascopy Bank doesn’t allow traders from the US –NO-
■ SWAP-Free Accounts: Dukascopy Bank supports SWAP-Free Accounts –YES-
■ Regulated: Dukascopy Bank SA is supervised by FINMA (Swiss financial regulator) │ Dukascopy Europe is regulated by the FCMC of Latvia
■ Languages: Dukascopy Bank website supports 7 languages: English, Spanish, Chinese, Arabic, German, Russian, and French.
DUKASCOPY BANK TRADING INFO SUMMARY
■ Broker Type: ECN
■ Platforms: Dukascopy Bank offers a Java and a Web platform, plus a Metatrader4 and a Jforex Automated platform
■ Demo Account: Dukascopy Bank is providing a Demo Account –YES-
■ Trading Time Zone: GMT
■ Typical Spread EUR/USD: Dukascopy Bank spread on EUR/USD is 0.8 pip
■ Scalping: is allowed at Dukascopy Bank –YES-
■ Minimum Account: 5,000 USD
The greatest innovation offered by Dukascopy Group is the SWFX Marketplace.
🔗 Website: » Dukascopy Europe Account Types
💱 TRADING ASSETS
DUKASCOPY BANK TRADING ASSETS Dukascopy Bank is providing commodities and Forex currencies. ■ Commodities (Gold and Silver) ■ Forex Currencies In total more than 50 currencies (Including Majors: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/GBP, USD/CAD, NZD/USD, EUR/JPY, EUR/CHF, GBP/JPY, GBP/CHF, CHF/JPY, CAD/CHF, EUR/AUD, EUR/CAD, USD/SEK, AUD/JPY)
TRADING SPREADS & COMMISSIONS
DUKASCOPY BANK TYPICAL SPREAD & TRADING COMMISSIONS ■ Dukascopy Bank Spread on EUR/USD is 0.4 pip, but it can get as low as 0.25 pips ■ Here are the basic trading commissions based on a volume of 1 million USD. Amount of Equity per 1 million USD Dukascopy Bank Deposit Bank Guarantees or Custodian Bank deposits Forex Currencies Gold / Silver Forex Currencies Precious Gold /Silver < 5,000 USD 35 USD 52.5 USD - - ≥ 5,000 USD 33 USD 49.5 USD - - ≥ 10,000 USD 30 USD 45 USD - - ≥ 25,000 USD 25 USD 37.5 USD - - ≥ 50,000 USD 18 USD 27 USD - - ≥ 250,000 USD 16 USD 24 USD 18 USD 27 USD ≥ 500,000 USD 15 USD 22.5 USD 18 USD 27 USD ≥ 1,000,000 USD 14 USD 21 USD 18 USD 27 USD ≥ 5,000,000 USD 12 USD 18 USD 18 USD 27 USD ≥ 10,000,000 USD 10 USD 15 USD 18 USD 27 USD
TRADING PLATFORMS & MOBILE APPS
DUKASCOPY BANK TRADING PLATFORM ■ Dukascopy Bank is offering a wide variety of trading platforms, while scalping and hedging are fully allowed. ■ The 7 languages available at Dukascopy Bank are English, Spanish, Chinese, Arabic, German, Russian, and French. ■ Online Platforms include: 1. MetaTrader 4 2. Jforex Automated Platform 3. Java Platform 4. Web Platform ■ A demo account is available at Dukascopy Bank. SWFX – The Swiss Foreign Exchange Marketplace The Swiss Foreign Exchange Marketplace is Dukascopy’s alternative technology for trading Forex. It uses a centralized-decentralized structure where buyers and sellers trade directly on equal terms, allowing billions of dollars to be traded with just one click.
DUKASCOPY BANK MOBILE TRADING Dukascopy Bank supports Android and iPhone devices
NEW ACCOUNT INFORMATION
■ Including Bank Guarantees and Custodian Bank services ■ Dukascopy Bank Minimum Account: The minimum deposit on Dukascopy Bank is 5,000 USD. ■ Equity on Dukascopy Bank may be held in EUR, USD, CHF, JPY, GBP, CAD, SGD, PNL, and AUD. Dukascopy Bank Deposit Methods: ■ Credit cards (MasterCard and Visa) ■ Debit cards (Visa Electron and Maestro) ■ Bank Wire Transfers Dukascopy Bank Withdrawal Methods: ■ Credit cards (MasterCard and Visa) ■ Debit cards (Visa Electron and Maestro) ■ Bank Wire Transfers
CONTACT INFORMATION
Company: Dukascopy Bank SA Address: Route de Pre-Bois 20, 1215, Geneva, Switzerland Phone: +41 (0) 22799 48 88 Fax: +41 (0) 22 799 48 80 Skype: dukascopy email support: This email address is being protected from spambots. You need JavaScript enabled to view it. email general info: This email address is being protected from spambots. You need JavaScript enabled to view it.
⚖️ DUKASCOPY BANK PROS AND CONS
(According to the Industry's Competition)
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DUKASCOPY BANK REVIEW CONCLUSIONS |
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DUKASCOPY BANK PROS |
DUKASCOPY BANK CONS |
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√ Low trading spreads compared to the competition (especially on EUR/USD and USDJPY) √ One of the most reliable and highly regulated online Forex brokers √ High liquidity and unique credit facilities, as this broker operates as a Swiss Bank (bank guarantees and custodian bank services) √ Offers the JForex automated platform, which enables a great variety of Expert Advisors √ Transparency in transactions, no price or other manipulations √ Trading Championships (at the time of the review) |
X No MT4/MT5 Trading X Opening an account on Dukascopy Bank requires a lot of documents and time, and has a minimum of 5,000 USD X There is a maintenance fee after the first year of registration (fee charged only on inactive accounts) |
🏁 Review Conclusions and Experience After Trading with Dukascopy Europe
Dukascopy is one of the safest places to trade Forex. Its key strengths are security, reliability, and low trading spreads. Dukascopy is an ECN Forex broker offering the SWFX platform. They provide many trading platforms, including the unique JForex automated platform for advanced auto-trading.
- My experience trading with Dukascopy Europe was positive — execution was very fast and spreads were very competitive.
- It’s a good choice for day traders who want to use JForex, as MT4 and MT5 platforms are not available.
- Keep in mind that before you start trading, you must submit many documents to prove legitimate trading, and the minimum deposit is $5,000.
🔗 Website: » Start an Account with Dukascopy
■ Dukascopy Bank Review
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