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Dukascopy Review

Latest Updated General Information Dukascopy SA Broker

Reviewed broker: Dukascopy

Established in 1998

Regulation: FINMA (Switzerland), FCMC (Latvia), JFSA (Japan), MiFID (Europe)

Location: Switzerland

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.

Download: yes

Indicators: 277

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

Hedging: allowed

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.

Customer Service

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. 

 

 

 

 

 

 

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