Dukascopy review lead by the team of Fxstay experts for those who want to know about the Dukascopy bank. By this Dukascopy Bank review you will know about Dukascopy PAMM accounts and how to do Dukascopy MT4 Download, You will also know how to open a Free Dukascopy demo account with this broker.
Dukascopy Review By Fxstay
If you’re looking for a broker that is actually popular amongst expert traders you should take a closer look at Dukascopy. This is one of the leading online brokers while it comes to liquidity. Only ECN trading is presented and you have to pay a commission for each Million dollars you trade in its place of a high spread. A commission does not sound good but we can at present comment that trading is much inexpensive this method if you can afford to trade with greater volumes.
Dukascopy is one of topmost recommended brokers. They work in a strict regulatory environment, and customer deposits are protected by Swiss bank regulations. They as well score very well on other key evaluation principles. The brokerage provides tight tight spreads, and commissions are low, mainly so for customers with high trading volumes or large balances.
Dukascopy Bank is a Swiss bank. It was founded in 2004 in Switzerland. Though, the company has its roots in the 1990’s as a project controlled by a group of physicists to model financial marketplaces. Presently afterwards, the company developed its online trading stage. The company started up its SWFX Swiss FX Marketplace in 2006, which functions as an ECN. Dukascopy bank has since expanded and developed internationally. The Bank possesses Dukascopy Europe IBS AS, which is a licensed brokerage corporation that provides services under the equal terms as Dukascopy Bank. In 2015 the company attained Alpari Japan and functions it as Dukascopy Japan Co. The offices of the bank is in Zurich, Kiev, and Riga, Hong Kong and Moscow and works over 200 people. The bank provides online brokerage services for CFDs, spot forex, expensive metals and binary options. More, as a bank, Dukascopy provides credit cards and online banking services. The bank is inspected by KPMG SA.
Dukascopy broker offers direct admittance to the Swiss Foreign Exchange Marketplace which permits the usage of the major pool of ECN spot forex liquidity for hedge funds, international banks, private traders and institutional investors. The company’s actions are regulated by such main financial regulators as ARIF and FINMA. The broker always develops its relationships with bank and financial institutions to uphold the world’s largest liquidity aggregator.
The trading account by the broker start from $5,000 with leverage up to 100:1 and pip spread on major currency pairs extending from 0.5 to 1 pips. The accessible trading platform is Metatrader 4, Dukascopy Java and JForex Platform. The minimum deposit is $500. Free demo accounts are accessible for testing the company’s facilities. The broker provides its customers 24/7 interbank liquidity admittance and 24/6 phone trading desk. The customers’ accounts of Dukascopy Bank are assured up to 100,000 Swiss francs. On the trader’s website a trader can find trader’s calculator and charts, tick data and economic calendar, and lots of other data essential for trading.
The broker combines admittance to the Swiss Foreign Exchange Marketplace with the high quality financial services and advanced trading software through its banking partnerships; Dukascopy – SWFX Swiss FX Marketplace drives on to set the international industry-standard for ECN currency trading. Moreover trading currency pairs, the broker provides PAMM and managed account services. To inspire its customers the broker arranges trader contest and bonus programs. A contest is an operative way to increase trading skills.
JForex and MT4 Platforms
Dukascopy provides a nice selection of various platforms. There is a Java based WebTrader that permits you to trade without a download, at external PCs. At Dukascopy the platform that is most used is JForex. This is their actual own platform intended to expert traders. At first glance this platform looks a bit odd. However because of the fact that you have more than 180 tools to study and many more features you could miss at other Forex platforms displays that you deal with a platform that outfits the requirements of expert traders. If you don’t like JForex you can moreover go with MT4 and you should already be acquainted with this stage. Thanks to the ECN Bridge it’s also probable to trade with ECN and MT4 account. There’s also an iPhone app for everyone who needs to trade with his mobile.
Forex more information about Dukascopy trading platforms visit “ForexSQ” Dukascopy review page.
The PAMM or Percent Allocation Management Module is a technical solution delivered to the bank customers and permitting 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 permits the trader on one trading platform to accomplish at the same time unlimited quantity of managed accounts. Managed accounts can be funded in dissimilar currencies and deposited with various institutions. Depending on the size of the deposit all managed account has its individual ratio in PAMM. Total amount of all ratios under single PAMM account is at all times equal to 100 percent. Trader’s activity results are assigned between managed accounts according to ratio.
Dukascopy PAMM trading has no alteration in comparison with self-trader platforms, all three types are presented.
Spreads and commission
There is no doubt that there’s an actual low spread for a trustworthy ECN broker like that and you infrequently pay more than 1 Pip for EUR/USD. The commission depends on your 1st deposit. If you credit “only” $5.000 you wage more than twice as much in commission associated to a deposit of $ 1 Mil. Dukascopy commends depositing as a minimum $ 50.000. In this case you wage $18 in commission for each Million USD you trade.
There are several Dukascopy account presented. Depending on the monthly traded volume and account size, different overnights and trading commissions are applied. Numerous additional features are presented depending on the customer profile.
The SWFX technology account is a complete service account and a minimum deposit of 100 dollars is essential. Though, The Bank SA simply opens accounts with less than 5,000 dollars for residents of Swiss. For non-Swiss residents ECN accounts with the minimum deposit of 100 dollars are available only for the customers of Europe. The other 3 accounts–Trading API, Bank guarantees and Third bank custodian services necessitate a deposit of over 100 dollars.
All the brokerage account provide equal quotes and liquidity for all customers, trading of all types counting scalping, news trading etc. and numerous funding services available, including Debit and Credit Cards, Bank Guarantees and Wire Transfers. They all trade in CHF, USD, GBP, EUR, CAD, JPY, SGD, AUD, HKD and PLN.
The company provides a 14 day demo account before promising to this broker. The broker will often have trading contests, on both demo and live Dukascopy account.
The broker charges a list of commissions for their trading services liable on the size of your account. For the lowest accounts, it can be as high as 48 dollars per million traded, and for greater accounts, it gets 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 looking for an expert setting in the online Foreign exchange market . The broker has extended been known to be honest, reliable, and inexpensive in their commissions. Whereas there is no real micro account, they do provide a choice of numerous trading accounts.