Dukascopy Review, Dukascopy Rating, Dukascopy Trading Platform

BROKERS

Dukascopy Review

Dukascopy Suisse SA, the owner of SWFX - Swiss Forex Marketplace, is incorporated and regulated in Switzerland. Dukascopy gives forex traders an access to the Swiss Foreign Exchange Marketplace with the daily network volumes of 80 billion USD. Via its banking partners and enhanced trading platform Dukascopy provides top-notch forex trading services. Dukascopy is regulated by ARIF which provides a better prevention of money laundering. Before becoming a forex trader with Dukascopy you have to supply plenty of documents to prove your identity and make sure that every trading deal is legal. It is probably one of the safest places to trade.

Trading Platforms

JForex platform

JForex platform is recommended for manual and/or automated trading. This platform is designed for traders interested in automated trading and/or developing and testing trading strategies based on the JAVA programming language. The main functionality and interface of the platform are similar to those of Java platform. In addition, a built-in cross-platform interface for execution of custom strategies and programming code are provided. Integrated technical analysis tools also allow to follow positions directly from charts.

Main features:

Optimized for auto and chart trading
API for strategies and indicators
Historical tester and built-in charts

Java Platform

This platform is designed for manual trading. The platform is organized to simultaneously display all necessary trading information without switching between different windows. In addition, traders can benefit from various technical analysis and market research tools integrated into the platform. Instant communication with live trading support team and alerts set up are also available.

Main features:

Optimized for manual trading
Detailed monitoring interface
Add-on technical analysis

Web Platform

The interface and technical requirements of the platform are optimized in order to meet the needs of all traders, regardless of trading conditions and technical limitations. Trader can customize frequency of updates for quotes and market depth level depending on his PC and network parameters. At the same time, the platform provides all main functionality of order execution and position management. Market research tools, instant communication and multi-lingual interface are also available.

Main features:

Optimized for quick access
Low technical requirements

iPhone/iPad Platform

Swiss Forex Trader for iPhone/iPad replicates all the main features of the Dukascopy Bank trading platforms. In order to let you trade your account from anywhere, app supports Edge/3G/Wi-Fi connection types with an automatic connection control system that adapts data flow size depending on the connection speed.

Main features:

Access from anywhere
Live, secure and persistent connection with server
Integration with Dukascopy TV and other products

MT4 Platform (temporary beta test only)

Meta Trader 4 is a well known trading platform, now available for Beta Test trading on DEMO Environment with Dukascopy Bank. The platform supports Multi-language interface and has its own Expert Advisors based on MQL language.

Main features:

Expert Advisors
Customizable templates

The platforms are very secure so a trader can enjoy the 1 click trade to unlimited number of accounts. There is also a demo account for the new forex traders to practice their skills available for 30 days.

If you aren't an online trader you can easily trade via phone. Dukascopy provides 24/6 access to Trading Desk support.

One of the main features of Dukascopy is really low spreads in the forex market. It uses real-time interbank rates with 0.5-1 pip on majors thanks to the biggest worldwide liquidity generated by the active participants.

Dukascopy has lowered the minimum deposit requirement to $1,000. Finally most traders can enjoy Dukascopy (perviously the minimum deposit requirement was a whooping $10,000!)!

Dukascopy is available in many languages such as English, French, German, Russian, Spanish, Chinese, Japanese and Arabic. In order to start trading you have to register online and get account opening documentation. All of the required documents are available online for download. Just fill in the papers, sign and send them back to Dukascopy. Once that is done and over with you can fund your account and start trading.

Speaking of funding your account – once you agree with the Trading Agreement you will receive Unique Identification Number and Dukascopy bank details. The payment methods include wire transfer or check. The UIN is needed during payment procedure.

As a forex trader at Dukascopy you will be able to act and react quickly upon market changes. You will easily be able to monitor the market, manage positions and vie the history, leverage and performance. There are plenty of tools to help trader with the decisions – advanced charts and technical analysis, full depth of the market, professional reports and statements, online streaming news, Automatic "Merge" of several positions into one, Call Level Request service and much more

Summary

Dukascopy has the following great features: