Latest Updated General Information Dukascopy SA Broker
Reviewed broker: Dukascopy
Established in 1998
Regulation: FINMA (Switzerland), FCMC (Latvia), JFSA (Japan), MiFID (Europe)
Representative offices of Dukascopy are located in Geneva, Hong Kong, Shanghai, Kiev, Moscow, Kuala Lumpur and Tokyo
USA traders: not allowed
ECN trading environment: yes
Trading instruments: forex and CFD
Trading Platform Features, Account Types and Payments
Trading platforms: Jforex 3, Metatrader 4, SWFX trader (mobile)
Web-based: yes, similar to the desktop version but less attractive features mainly because the platform is still Flash-based, which is not supported by main browsers such as Chrome, making this online version of the platform is rather useless in the long run.
Minimum deposit requirement: $5,000
Note: 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 Europe.
Maximum leverage: 1:100
Margin requirement: 1%
Mini account: yes
Demo account: yes (limited to 14 days)
Segregated accounts for client funds: no
Islamic swap free accounts: available
Managed accounts: yes
Payment methods: wire transfer, debit cards (Maestro, Visa Electron), credit cards (MasterCard, Visa), and bank guarantees but Dukascopy broker doesn't work with checks or bank notes
Commissions on trades: yes, starting at $5 per million traded
Spread types: variable
Minimum trade size: 0.01 lot
Spreads: starting from 0.3 on EUR/USD major currency pair. The spreads are similar to other brokers compared such as Saxo Bank, FXCM, and FxPro
Trading signals: yes
Stop loss/ limit orders: yes
Automated trading: available
Social trading: yes
VPS services: no
Educational Material and Promotions
Educational section of Dukascopy offers wide range of steaming fundamental and technical analysis, economic calendar, expert forecasts. There is also Dukascopy TV - an in-house tv channel with feedback from the investors, interviews and latest market updates.
Online chat: available both on website and throughout the trading platform 24 hours a day during trading days
Email support: yes
Phone representatives: yes. Friendly representatives, but below the standards of similar brokers compared and rated
Other means of contact: skype
How was the rating of Dukascopy performed compared to other brokers?
This 2017 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Dukascopy FX broker performance and features.
Overall our online Dukascopy review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online broker Dukascopy or you find inaccurate details Dukascopy broker review please get in touch with us and the changes will be applied.