Dukascopy

Dukascopy Bank SA, a Swiss online bank founded in 2004 in Geneva, has established itself over the years as a reliable broker serving thousands of clients worldwide. The bank aims to provide a high level of customer service and offers competitive trading conditions.

Key benefits:

• Quote accuracy: Dukascopy is known for its accurate quotes, which is especially appreciated by traders working in fast-changing markets.
• Algorithmic trading support: Clients can use algorithmic systems to automate their trading strategies.
• Funds Protection: Each client deposit is insured up to CHF 100,000, guaranteeing a high level of financial security.

Trading Conditions:

• Platform: Dukascopy offers trading through the MetaTrader 5 platform.
• Commissions and spreads: Despite the high accuracy of quotes, the broker charges relatively high trading commissions.

Customer Support:

Multilingual support is available 24 hours a day, 6 days a week to ensure a quick resolution to any questions or issues that may arise. You can contact support by phone, chat or via the feedback form on the website.

Critique:

Customers express concern about the length of the withdrawal and account verification process. This is due to high security standards, which, while guaranteeing the protection of funds, can delay the registration and transaction process.

Dukascopy combines advanced technology and strict security measures to provide its clients with convenient and safe services for trading on the forex market.

Dukascopy clients have the opportunity to participate in the rebate program, which provides them with additional income without changing their normal trading conditions. This means that the process of trading, depositing or withdrawing funds remains standard.

Key Details of the Rebate Program:

• Payout amount: Dukascopy clients can receive a rebate of 20% of the profit the broker earns on one standard lot.
• Program duration: The rebate is provided for the first month of cooperation with Dukascopy. After that, clients can extend their participation in the program by joining the broker’s discount program.

Example of calculating the rebate: Suppose you trade 1 lot per day on EUR/USD, where 1 lot equals 100,000 units of the base currency. Let’s assume that the spread is 2 pips, or approximately $20 USD. Your daily expenses for the spread are 20 dollars. According to the terms of the rebate, you can get back 20% of this amount, which will amount to 4 US dollars per day.

This rebate program offers an attractive opportunity for traders to reduce their trading costs and increase their overall profitability. Consider joining the program and experience its benefits for yourself.

Dukascopy, known for its ECN brokerage services, offers investors attractive trading conditions. With a minimum deposit of only $100, the broker makes financial markets accessible to a wide range of traders, including beginners.

• Fast order execution:
  Clients highlight the high speed of transaction processing, which is critical for successful trading.
• Narrow spreads and accurate quotes:
  The broker provides competitive spreads and accuracy in providing quotes, allowing clients to maximize their trading strategies.
• Support for automated trading systems:
  Dukascopy supports the use of algorithmic trading, providing traders with additional tools to manage their market operations.
• Moderate leverage up to 1:200
  makes this broker especially attractive for beginners. Limited leverage helps minimize the risks associated with potential losses, which is ideal for those who are just starting out.
• Wide range of educational materials:
  Dukascopy offers webinars, training videos and seminars to enhance the skills of its clients. However, it is important to note that all materials are available in English only, which can be a barrier for non-native speakers.
• Round-the-clock assistance:
  The support team is available 24 hours a day, Sunday through Friday. The Dukascopy support team is ready to offer timely and professional assistance through various communication channels including online chat, email, phone calls and call back function.

These conditions and services make Dukascopy an attractive choice for traders seeking efficient and secure trading in the global financial markets.

• Trading platform

  JForex, MetaTrader 4, SWFX, JForex Trader

• Accounts

  Demo FX, Live FX

• Account currency

  USD, EUR, GBP, CHF, PLN

• Deposit/withdrawal

  Bank transfers, credit and debit cards MasterCard, Visa, Maestro, Visa Electron; electronic payment systems Skrill, Neteller

• Minimum deposit

  $100

• Leverage

  Up to 1:200

• PAMM accounts

  yes

• Minimum order

  0,01

• Spread

  From 0.1 point

• Instruments

  Currency pairs, indices, cryptocurrencies, stocks, metals, binary options

• Margin call / Stop out

  100% /200%

• Liquidity provider

  Dukascopy Bank SA

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Market Execution

• Trading features

  Automatic trading is allowed

• Contests and bonuses

  yes

Our team has performed a detailed analysis of Dukascopy, focusing on the company’s trading and non-trading commissions. Trading commissions include spreads that are set by the broker. Non-trading commissions cover fees for financial transactions such as deposits and withdrawals.

Dukascopy Bank, founded in 2004, has been a pioneer in the financial services industry, having been recognized in more than 22 nominations, including Best Liquidity Provider, Best Forex Bank and Broker of the Year. This commitment to excellence is reflected in the bank’s ongoing efforts to improve customer service and provide superior trading conditions in the European market.

As a licensed bank and securities dealer, Dukascopy’s activities are strictly supervised by the Swiss Financial Market Supervisory Authority (FINMA). The institution regularly undergoes both internal and external audits to ensure compliance with Swiss legal and regulatory standards.

Important statistics about Dukascopy that emphasize its commitment to the trading community:

• The minimum spread is only 0.1 pips.
• International presence with offices in Japan, Hong Kong, Russia, Ukraine, Latvia and Switzerland.
• Commitment to 24/7 customer support six days a week.
• Over 15 years of providing brokerage services.
• 22 prestigious industry awards.
• Acceptance of 24 different currencies for deposits.
  Insurance of client funds up to CHF 100 thousand.

Dukascopy stands out as a leading European broker, providing favorable trading conditions for both novice and experienced market participants, providing them with equal access to quote data and trading instruments.

The advantage of the broker is its European accreditation. The company is regulated by Swiss authorities, which makes Dukascopy one of the most reliable brokers in Europe and the CIS. The broker’s clients enjoy attractive trading conditions: tight spreads, high liquidity of assets, permission to use automated trading systems and deposit insurance for each client.

As an ECN broker, Dukascopy provides traders with direct access to the interbank market, which implies higher order execution speed and asset liquidity, as the company’s clients have repeatedly stated in their reviews.

For even more comfortable trading, the broker provides clients with a trading system visualization service. This tool allows each trader to create the most profitable trading system for himself. The developers have made the interface of this tool as simple and intuitive as possible, so that even beginners can use it effectively.

To improve skills, Dukascopy holds training seminars and webinars, and provides access to a variety of instructional videos and more sophisticated analytical materials.

Clients can also find on the broker’s website a currency calculator, spread information, latest news and use technical indicators.

To start cooperation with Dukascopy broker, clients need to open a bank account with the same company. Live FX account is available only to traders who have opened a bank account. For demo accounts it is enough to pass a short registration. A trader can choose from 24 currencies to fund a Live account. The company’s clients can also engage in investing by opening a PAMM account.

To ensure a comfortable start with Dukascopy broker, we suggest you to study the registration process in detail and take a virtual tour of the user interface.

1. Starting registration:
If you do not have an account with Dukascopy yet, start by visiting the broker’s home page. Select the desired account type by clicking on the corresponding button, after which the registration form will open in front of you. Please note that the information requirements may vary depending on the selected account type.

2. Opening a demo account:
To activate a demo account, you will need to enter basic personal data. After filling out the questionnaire, click on the “Get demo account” button, after which the login and password will be sent to your e-mail.

3. Live account registration:
This process will require more time and detailed verification of your identity. Information on how to open a Live account is available on the broker’s specialized page. It is necessary to register a bank account with Dukascopy to access full-fledged trading.

4. Functionality of your personal cabinet:
In your personal cabinet you will have access to various tools, including profile settings, withdrawal methods and access to reports. All the necessary functions for trading and learning are collected in the main menu.

This sequence of actions will help you to start working with the broker without any problems and manage your trading operations efficiently.