Dukascopy review conducted by the team of Topforexbrokers.com experts for those who want to know about the Dukascopy bank. By this Dukascopy Bank review you will know about Dukascopy PAMM accounts and open a Free Dukascopy demo account with this broker and also know about how to do Dukascopy MT4 Download.
Dukascopy Review By Topforexbrokers.com
If you’re looking for a broker that is in fact popular amongst skilled traders you should take a closer look at Dukascopy. This is one of the prominent online brokers while it comes to liquidity. Simply ECN trading is presented and you have to pay a commission for every Million dollars you trade in its place of a high spread. A commission does not complete good but we can at present remark that trading is much reasonable this method if you can afford to trade with larger volumes.
Dukascopy is one of top recommended brokers. They work in a strict regulatory environment, and client deposits are secured by Swiss bank regulations. They as well score actual well on other important evaluation principles. The brokerage delivers low commission, and tight spreads, mostly so for clients with large balances and high trading volumes.
Dukascopy Bank is a Swiss bank. It was established in 2004 in Switzerland. Though, the company has its backgrounds in the 1990s as a project controlled by a group of physicists to model financial markets. At present afterwards, the company industrialized its online trading stage. The company started up its SWFX Swiss FX Marketplace in 2006, which functions as an ECN. Dukascopy bank has since extended and developed universally. The Bank possesses Dukascopy Europe IBS AS, which is an approved brokerage corporation that delivers services under the equivalent terms as Dukascopy Bank. The offices of the bank is in Kiev, Zurich, and Moscow, Hong Kong and Riga and works over 200 people. The bank offers online brokerage facilities for CFDs, spot forex, exclusive metals and binary options. More, as a bank, Dukascopy delivers credit cards and online banking services. The bank is reviewed by KPMG SA.
Dukascopy broker provides direct entree to the Swiss Foreign Exchange Marketplace which permits the usage of the main pool of ECN spot forex liquidity for private traders, hedge funds, international banks and institutional depositors. The company’s actions are regulated by such foremost financial regulators as ARIF and FINMA. The broker at all times develops its relationships with financial institutions and bank to sustain the world’s largest liquidity aggregator.
The trading account through the broker start from 5,000 dollars with leverage up to 100:1 and pip spread on major currency pairs outspreading from 0.5 to 1 pips. The available trading platform is JForex, Metatrader 4 and Dukascopy Java Platform. The minimum deposit is 500 dollars. Free demo accounts are offered for examining the company’s services. The broker provides its clients 24/6 phone trading desk and 24/7 interbank liquidity access. The consumers’ accounts of Dukascopy Bank are assured equal to 100,000 Swiss francs. On the trader’s website a trader can find trader’s calculator and tick data, charts and economic calendar, and many other data necessary for trading.
The broker have access to the Swiss Foreign Exchange Marketplace with the great quality financial services and advanced trading software through its banking corporations; Dukascopy – SWFX Swiss FX Marketplace drives on to set the universal industry-standard for ECN currency trading. Furthermore, trading currency pairs, the broker provides PAMM and managed account facilities. To motivate its customers the broker organises trader contest and bonus programs. A competition is an operative way to rise trading skills.
JForex and MT4 Platforms
Dukascopy delivers a nice selection of several platforms. Without a download at external Computers there is a Java based WebTrader that allow you to trade. The broker platform that is utmost used is JForex. This is their real individual platform intended to expert traders. At 1st glance this platform express a bit odd. Though because you have more than 180 tools to learning and many more features you could miss at other Forex platforms displays that you deal with a platform that suits the necessities of expert traders. If you don’t like JForex you can also go with MT4 and you should already be familiar with this stage. Thanks to the ECN Bridge it’s also possible to trade with ECN account and MT4 account. There’s also an iPhone app for everybody who essentials to trade with his mobile.
The PAMM is a technical solution provided to the bank customers and allowing them to have their accounts managed by a trader selected by them on the base of a limited trading power of attorney. Dukascopy PAMM solution licenses the trader on one trading platform to do at the same time unlimited quantity of managed accounts. Managed accounts can be funded in various currencies and deposited with several institutions. Depending on the size of the deposit all managed account has its separate ratio in PAMM. Whole amount of all ratios under single Dukascopy PAMM account is always equal to 100 percent.
Dukascopy PAMM trading has no change in comparison with self-trader stages, all three types are presented.
Spreads and commission
There is not any doubt that there’s a real low spread for an honest ECN broker like that and you uncommonly pay more than 1 Pip for EUR/USD. The commission or charges depends on your 1stdeposit. If you deposit only 5.000 dollars you wage more than twice as much in commission related to a deposit of $1 Mil. The bank mentions depositing as a minimum $50.000. In this case you pay 18 dollars in commission for each Million USD you trade.
There are numerous Dukascopy account presented. Depending on the regular traded volume and account size, different trading charges or commissions and overnights are applied. Many additional features are offered depending on the customer profile.
The SWFX technology account is a comprehensive service account and a lowest deposit of 100 dollars is important. However, The Bank SA just opens accounts with less than 5,000 dollars for populaces of Swiss. For non-Swiss people ECN accounts with the lowest deposit of 100 dollars are available only for the clients of Europe. The other 3 accounts Bank guarantees, Trading API and Third bank custodian services require a deposit of over 100 dollars.
Totally the brokerage account provide the same quotes and liquidity for all clients, trading of all types including news trading , scalping etc. and several funding services available, comprising Bank Guarantees, Debit and Credit Cards and Wire Transfers etc. . They all trade in CHF, GBP, USD, EUR, CAD, SGD, JPY, HKD, AUD and PLN.
The company delivers a 14 day demo account beforehand promising to this broker. The broker will often have trading challenges, on both live and demo Dukascopy account.
The broker charges a list of commissions for their trading services accountable on the size of your account. For the minimum accounts, it can be as great as 48 dollars per million traded, and for greater accounts, it acquires as low as $5 per million traded.
The Dukascopy leverage starts from 1:1 up to maximum 1:100, However the broker provides high leverage trading but if you are a newbie forex trader then avoid to use high leverage as it will increase to lose all of your capital.
Dukascopy Margin Requirements
Dukascopy margin requirements is fixed, The amount of margin that you are required with Dukascopy to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.
The Dukascopy broker does not offer incentives to traders in the form of promotional opportunities, unlike many of its competitors.
Dukascopy Deposits and Withdrawals
Clients using Dukascopy trading accounts can deposit funds using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals can be conducted using the same methods and require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Dukascopy Deposit Fees
The Dukascopy Deposit fee is Zero, It means you will not pay any money as Dukascopy deposit fees.
Dukascopy Deposit Time
The Dukascopy Deposit time is between 1 through 3 business day and it depends to the methods you deposit your Dukascopy account.
Dukascopy Withdrawal Methods
Dukascopy withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Dukascopy Withdrawal Fees
The Dukascopy Withdrawal fees starts from Zero up to $20, The Dukascopy withdrawal fees depends to which country and methods you want to receive funds.
Dukascopy Withdrawal Time
The Dukascopy Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your Dukascopy account.
Dukascopy Withdrawal Problem
If you have any Dukascopy Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your Dukascopy Withdrawal Problems, You can also submit your Dukascopy withdraw problems in the comment form below of the Dukascopy reviews by ForexSQ.com forex trading website.
Dukascopy is regulated and licensed broker with many regulators in Swiss by FINMA and ARIF, The Dukascopy Europe IBS AS is EU licensed investment brokerage company which is 100% owned by Swiss Forex bank Dukascopy Bank SA.
Investors who trade using the Dukascopy forex broker will have access to a valuable library of educational materials that includes trading tools and support materials for all levels of traders, as well as professional analyses, expert commentary and training videos on a variety of topics.
The broker’s Academy also includes interviews with top traders in various markets whose invaluable expertise, wisdom, trading methods and strategies are shared with the company clients.
Dukascopy Customer Service
The Dukascopy customer service are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 24/5 and provide support services in a variety of languages.
For login to Dukascopy broker you can visit the broker website, After sign up you can check your email for free instructions and do Dukascopy login.
With Dukascopy API Partner you will acess real-time trading capabilities and automate your forex trading and CFD trading, You can also build custom applications for mobile trading.
The Dukascopy ’s API Partner program is designed for forex traders who wish to use APIs for purposes other than for personal online trading.
Dukascopy Minimum Deposit
The Dukascopy Minimum Deposit is $100, Dukascopy Bank SA only opens accounts with less than 5,000 USD for Swiss residents. For non-Swiss residents such an option is available with Dukascopy Europe, an EU subsidiary of Dukascopy Bank SA. ECN accounts with the minimum deposit of 100 USD are available only for the clients of Dukascopy non-Switzerland residents.
Dukascopy Trading Hours
Dukascopy Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., Swiss time.
Dukascopy Bitcoin Trading
At Dukascopy you can buy or sell Cryptocurrencies like Bitcoin but you can not deposit or withdrawal with Cryptocurrencies like Bitcoins, So Dukascopy BTC chart is available for trading but you can not deposit or withdrawal with a Cryptocurrency.
Dukascopy Live Chat
To get a fast support you can use Dukascopy Live chat, The Dukascopy Live Support is also available to support clients, To use Dukascopy customer support just visit the broker’s website.
Dukascopy Head Office address is:
- Dukascopy Bank SA, ICC, Entrance H, Route de Pré-Bois 20, 1215 Geneva 15, Switzerland.
- Dukascopy International LTD, Karaiskakis Street 13, 3032, Limassol, Cyprus.
- Dukascopy Europe IBS AS, Lacplesa iela 20a-1, Riga, LV-1011, Latvia
Dukascopy Phone Number
Below is complete list of Dukascopy Phone Numbers:
- Dukascopy Swiss Phone Number is: +41 22 799 4888
- Dukascopy Europe Phone Number is: +371 67 399 000
- Dukascopy International Phone Number is: +41 22 799 4888
Dukascopy Bank Review Conclusion
Dukascopy is an outstanding broker for those considering for an expert setting in the online Foreign exchange marketplace. The broker has extended been known to be trustworthy, honest, and low-cost in their commissions. While there is no real micro account, they do provide a choice of numerous trading accounts. If you like this Dukascopy review conducted by Topforexbrokers.com then share it on social media networks please.