Read our Dukascopy Forex broker review below...
...Dukascopy is an EU-registered investment brokerage whose main office is in Switzerland and which is 100% owned by Swiss Forex bank Dukascopy Bank SA. Gives customers direct access to the planet's liquid markets.
Together, the Dukascopy can be considered one of the largest companies in the market, which has made a name for itself by providing Forex broker services, and now still expands the arsenal for its clients through binary options.
Trading system «Swiss FX Marketplace»
Narrow spreads from 0.2 pips
Instant performance of orders
Over 500 CFD markets
Access to professional analysis and news
Deposit insurance up to 100,000 CHF
Complicated structure of the official site
All services are focused on professionals
For some customers difficult verification
Higher than average fees
Not available for USA traders
Payment methods are limited
The Forex broker Dukascopy was founded in Switzerland in 2004 and provides brokerage and other investment services to clients. DukascopyEurope (DE) is the daughter of swiss internet bank DukascopyBankSA. In turn, both of these organizations are part of a large holding company DukascopyGroup. The main clients for the broker are private traders from the European Union, for whom online trading, asset management and CFD trading services are provided. The company has a FINMA license, suggesting reliability. This broker is aimed at professional traders and investors with enough capital and provides direct access to trade in various markets with PCs and mobile devices. The broker claims to have quality service and support of 24/5 for its clients.
The low spreads offered by this broker are perhaps one of their most reliable and most popular features along with their excellent mobile offering. With so many apps across the platforms and such a wide selection of supported apps, you really can achieve everything you need on the move. For those looking to expand their knowledge, there is a wealth of educational information and research to assist with your trades. Their comprehensive range of trading tools also makes for much more enhanced trading experience.
This broker gives customers access to many markets from different countries of the world, including the possibility to trade on the Forex currency exchange. Broker also provides clients with analytical materials, consulting services. There is training for aspiring traders.
Dukascopy’s own development terminal, SWFX, is used for trading. In addition to it, customers can also choose one of the other popular terminals. Overall, hundreds of different trading instruments are available in dozens of markets, including: Shares, Bonds, Currency Pairs, Cryptocurrencies, Options, Futures, CFD, Dragmetals, Commodity Contracts.
SWFX – Swiss Foreign Exchange Marketplace is a technology solution for Forex trading that uses a centralized – decentralized trading platform model. Its successful launch is the result of close cooperation with individual banks, other institutions, Forex trading sites and developers of technological solutions.
Dukascopy offers a wide range of independent financial information and other attractive resources through its website, Dukascopy TV – online television, free line of tools and active internet community Dukascopu, where by count more than 50,000 participants. Members of the Dukascopy Community can share, in several languages, trade experiences, market opinions, trading strategies, win prizes in various competitions, and freely communicate through modern and secure chat and video conferencing systems developed and supported by Dukascopy.
Accounts at Dukascopy Forex are only expensive for their Swiss website, which requires a minimum deposit of US $5000, but you can open a Forex trading account for just US $100 through the company’s other European or Asian platforms. However, Dukasopy’s maximum leverage for all account holders is 1:100, which is introduced to prevent traders from overusing their investments in Forex markets. 1:100 is not a significant leverage compared to brokers that offer 1:3000, but they are significantly more risky than traditional stock trading, which offers only leverage of 1:10 or 1:20. Dukascopy also adjusts its minimum margin requirements (by changing leverage) for its other financial products in accordance with market requirements, and traders can get a clear idea of all trading conditions for a particular asset through the official website of Forex broker Dukascopy.
You can replenish the account and subsequently withdraw the profit through bank guarantees, as well as Maestro and Visa Electron payment cards. Dukascopy does not charge additional fees, so the client will have to pay only the fees of the sending bank. The maximum payment amount is limited to $10 000, but you can top up your account unlimited times and in almost any currency. Money is entered and withdrawn only from the account and to the account specified by the account owner during registration and verification. To change your account, you need to contact support and verify. It is impossible to add or withdraw money from/to a third party account. It’s done for security reasons.
The withdrawal procedure itself takes up to three days. Initially it is necessary to submit an application in a personal office, which will be considered within one day. After approval of the application, the money is transferred within up to three days.
Industry-standard 24/5 support is provided by this broker to both current and prospective clients via live chat and phone. Clients can also send in questions via email or the web site’s online form submission function. Live chat inquiries are answered quickly and the active social media presence, along with a dedicated support forum for Forex and automated trading, is helpful for new traders.
Dukascopy is a reliable Swiss Broker, operating in the market for more than 15 years. The company has quite high but flexible commissions, complex registration procedure and a lot of attention to customer safety. The entry threshold is also high enough, it is necessary to have solid capital to start trading. The company gives direct access to many popular world trading platforms, opens unlimited opportunities for traders for profit. A great partner for those who want to cooperate with a reliable broker.