Broker Type: ECN, STP
Min. Deposit: 1,000 US$
HQ: Geneva, Switzerland
Platforms: JForex, MT4
Found in: 2004
Dukascopy is a Swiss innovative online bank based in Switzerland and operating since 2004, providing online and mobile trading, banking and other financial services through technological solutions. The main technology used by the broker is SWFX – Swiss FX Marketplace, the Dukascopy’s ECN proprietary technological solution and registered trademark.
Dukascopy fully owns Dukascopy Europe IBS AS a European licensed brokerage company based in Riga and the SIA Dukascopy Payments licensed payment and e-money company, a Type-1 licensed broker located in Tokyo operated as Dukascopy Japan. In addition to Geneva Headquarters the bank operates offices in Zürich, Riga, Kiev, Moscow, Kuala Lumpur, Hong Kong and recently opened office in Dubai.
Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA as a bank and a securities dealer. As well due to international presence, the bank holds authorization from FCMC regulatory in Latvia and FSA Japan. Specified by the nature of the Dukascopy business, processes and transactions operates in full compliance with the strict requirements, therefore customers and their funds are protected by the various governmental institutions.
Another, apart from the trading services provided by the Dukascopy Bank, extremely competitive conditions for currency exchange on current accounts provides e-banking facilities, credit cards and an increasing range of banking products.
In addition, Dukascopy Bank furnishes a range of free financial information and other resources through its website, online television, Freeserve products and its active online Dukascopy community with over 130’000 members that exchanging trading experience, market views and strategies, as well client’ may win prizes in various contests.
Overall, the broker offers comprehensive online solutions in regards to the financial investments. Throughout their active position in the industry and engagement into social activities through communities, the broker gained a reputable place in the market. Apart from the retail clients, company withholds serious partners programs like Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News, White Lables and Cooperation Projects.
Their achievements have been recognized times and times, for the last years they were honored to receive multiple leading awards:
2018 Best Forex ECN/STP Broker | London Forex Show
2017 Best Provider of Liquidity | IAFT Awards
2016 Best Trading Platform | China Expo
2016 Best Forex Bank | Forex Stars
2015 Best PAMM Service Broker | Forex Expo
2015 Binary Options Broker of the Year | FXCuffs
2015 Best Forex Brand | China Financial Investment EXPO
2014 Best Forex Bank | MENA 13th Forex Show
Dukascopy Bank trading platforms provide access to Swiss Forex Marketplace (SWFX), the platforms designed to deliver quick and powerful performance under different market situations. Interface organized for easy monitoring of the market, exposure, or to manage order positions, follow the equity, leverage and performance. All platforms contain a range of trading orders, slippage control functionality, that allows to control maximum price, as well through two trading modes “Net Position” and “Hedging” mode.
The Dukascopy trading platform (JForex) provides an array of tools for risk management and control over the order execution. JForex recommended for manual or automated trading, since designed to combine both with allowance to test trading strategies based on JAVA. The Web version JForex Web3 interfaces optimized solution for traders’ need, regardless the conditions. The frequency of updates can be customized, at the same time brings the functionality of execution. At the same powerful manner, the platform has been developed for trade via iOS or Android devices. The genuine applications replicate all the main features, but available on the go. Client’s trade in a secure “one-click” trading environment by providing support on a 24/5 basis.
Nevertheless, the well known trading platform MT4, appreciated by many users remains as an option for Dukascope clients. Dukascopy Bank does not provide an MT4 platform to access to Swiss Forex Marketplace (SWFX). However, customers are able to use a third party solution to connect the Swiss forex Marketplace (SWFX) to an MT4 environment (third party provider’s MT4 bridge).
In addition to trading on Forex, precious metals and CFD (on various underlying), Dukascopy Bank provides a trading platform for binary options on stocks and Forex, including cryptocurrencies.
The SWFX automatically executes orders of market participants on a STP basis, thence all participants interact on an equal basis and consume the same liquidity within the ECN. The market depth monitor can be accessed by every client, provides the market structure for each currency pair. Dukascopy Bank has no dealing desk and makes no requote, all trades with no matter the size are executed automatically.
The SWFX is connected through FIX API to over 20 major banks offering a unique pool of ECN spot forex liquidity available for traders, banks, hedge funds and other institutions. This allows Dukascopy Bank to offer its clients unrivaled order execution and price feed quality in addition to very low spreads.
The account types vary only by the client type. Means, there is an individual account, Joint Account (designed for 2 individuals) and Corporate Account. Basic spread for popular pair EUR/USD is 0.2 pips is the same for all clients, yet the added commission rates will vary depending on trading volume and balance. Regular, Advanced and Premium rollover policies applies different rollover rates to ensure that higher trading turnover for a client results in better overnight conditions.
For the training purpose and to get familiar with the systems, the broker suggests firstly to open a free Demo account, with the same features as a live account, but the only difference that funds are virtual.
Dukascopy Bank opens trading accounts in 23 currencies and in Gold (USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU and ZAR). Clients can fund their accounts by payment cards (Visa, MasterCard, Visa Electron, Maestro), wire transfers (including cheap and fast SEPA transfers in EUR), and via bank guarantees.
For the incoming transfers company covers all applicable fees, yet the withdrawal of fund for outgoing transfer may occur the charges which are depending on the currency, thus the USD account will require 20$ fee.
Dukascopy Bonuses and Contests:
For educational as well the promotional purposes and client’s benefit, the company offers a range of numerous bonuses, contests and other social activities to enhance collaboration between the firm and client. Hereby mentioned several active programs, yet since the programs are on a temporary basis better to check them out in an official source.
* Celebrating its 11-year anniversary Dukascopy offers an exceptional opportunity to get 100% Bonus of the account equity. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on trade volume which shall be reached within 1 year after the Bonus is credited on the client account.
* Dukascopy Bank SA offers an opportunity to get a 10% Bonus of the account equity for self trading accounts. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on traded volume which shall be reached within 1 year after the Bonus is credited on the client account.
*Technical Analysis contest with the fund of 10,000$
*Community contests like I love extreme, Article contests, Dukat Contest, Miss Dukascopy and more.
The Dukascope as a Swiss bank brings a reliable and competitive offer to the market while offering truly competitive spreads, along with pricing and various programs that bring them to one of the best options for trading. Overall platform solution, as well the optimization of the strategy and automated trading capabilities created the powerful technical scope from the company too.
Trader of any level will find it’s benefit in the company. The broker’s impressive trading community with resources and research materials, as well as numerous contests that are diverse even to the trader’s hobbies. A great support provided by the company not only by their multiple teams around the world but by plenty of research sources, diverse of learning and analytical data.
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Copy Trade” DUKAFX ” Gold trading funds eToro broker platform invest directly in the specific gold futures with an average of not more than 20% of fund assets. The investment may be in USDX according to our policy to protect against currency exchange risk.
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