Dukascopy Review

MIN. DEPOSIT $100
Up to 200:1
Up to 100% BONUS
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Dukascopy
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Overview

Company Information There are few countries in the world well known for their feel for banking and money. One of them is Switzerland. That is why it comes as no… more

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Details

BrokerDukascopy
Website URLhttps://www.dukascopy.com/
Founded2004
HeadquartersGeneva, Switzerland
Support Number+41 22 799 48 88
Support Emailinfo@dukascopy.com
Support TypesPhone, Live Chat, E-mail, Social Media
LanguagesEnglish, French, German, Russian, Spanish, Polish, Czech, Portuguese, Italian, Slovak, Chinese, Japanese, Arabic, Farsi
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
BonusUp to 100%
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationSwiss Financial Market Supervisory Authority
Account TypesTrading, Current, GOLD
Deposit MethodsMaestro, Visa Electron, MasterCard, Visa, Bank Wire, Bank Guarantees
Withdrawal MethodsMaestro, Visa Electron, MasterCard, Visa, Bank Wire, Bank Guarantees
Types of AssetsForex, CFDs, Metals
Account CurrencyUSD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

There are few countries in the world well known for their feel for banking and money. One of them is Switzerland. That is why it comes as no surprise that one of the biggest and best-known companies in the trading industry is precisely from this country. Dukascopy started as a broker in 2004. The company begins with an online banking institution. The date is 2 November 2004 and in Geneva, its register takes brand new Internet-based and mobile trading services company. At the moment, the company has over 250 employees and over ten offices around the world like Zurich, Riga, Kiev, Moscow, Kuala Lumpur. The central idea of the firm is to combine modern technologies with the opportunities which the trading offers. Regulation is made by the FINMA or Swiss Financial Market Supervisory Authority. The company owns different businesses and enterprises around the world. Dukascopy Europe IBS AS, Dukascopy Payment, Alpari Japan K.K.

The company is involved in many different financial businesses like online and mobile trading, online banking, financial media and tutorials. The company owns multiple awards like 2016 best Forex bank, 2015 best PAMM service Broker and many others. As a whole, the company is continually developing and setting new benchmarks in the world of financial trading.

 

Trading information

Dukascopy is not an ordinary Forex trader. The organization operates in several spheres. They offer 35 different currency pairs which are ten under the average for the industry. They believe in their two most important principles – equal trading rights and transparent pricing environment. The basic spread is EUR/USD, and it is 0.2 pip and GBP/USD 0.5 pip. The company guarantees for the security and the liquidity of the funds. Eighteen different currencies are available for the traders to choose from when opening an account. The minimum amount of money for an account is $100 or the equivalent. There are special conditions for four different currency pairs the TRY and-and PLN both to the USD and EUR. The spread maximum starts from 130 and goes to 350.

A curious aspect of the trading options which the company offers is the social signal trading. This is a way to connect two accounts via social media and replicate the actions of one player to many accounts. Of course, the owner of each account follower can set goals or stop positions, to minimize potentially loses.

Automated trading is another way to bet on Forex, which Dukascopy offers.

Banking is another service the company offers. They have e-banking, bank guarantees, on-line money exchange and different ways to protect the account and the assets of the client.

Binaries are the next option for trading or FRO. This is highly speculative and risky way of trading which on the other hand can deliver the great return on investment. They are even more attractive to traders because they do not require big investments and are relatively easy to understand.

CFD is another analytical instrument which Dukascopy offer in their portfolio. The device can be used for speculation, to hedge or to diversify the equities.

Partnership or B2B program is another option the company offers. It is a partnership opportunity.

 

Trading platforms

The trading platforms are incredibly significant, and Dukascopy covers the most important ones.

They are all designed in a way so every client can react fast and in a reasonable way if the situations require that. Different orders like Limit, Stop, Stop Loss, Stop limit and many others are standard on all platforms. All platforms also have two modes “Hedging” and “Net position”– Hedging allows many open positions with the option to merge them where Net Position shows all orders for the same situation.

The first platform is the Jforex. It’s a Java language-based program which the trader downloads on the computer. It is optimized for auto and chart trading mainly.

Java is the standard platform for the trader.

The web platform is an online based tool which allows trading directly online trough the browser. It’s avail

all on Chrome, Firefox, Safari, IE, and Opera. It has all the basic functionalities and abilities integrated which allow excellent execution of the trading. It also allows market analyzes.

SWFX Trader for iOS and Andriod

Depending on the device the trader owns, there are two alternatives to bet with these platforms. They are both optimized for faster and more accurate betting. The requirements are iOS 7.0 or later, and Internet connection as the platform supports Edge/3g and WiFi. The platforms are downloadable from the app store and Google play. Both platforms offer great trading orders like limit, bid&offer, merge and give access to trading reports.

SFT HD for iPAD is a special edition of the mobile trading platforms with all the great functions but with improvements for easier iPAD usage.

Third party bridge to MT4

As the trader does not offer MT4 platform, from the company, offer third-party bridges to the platform which allow trading with Dukascopy. This way, if any client is familiar with this platform and wants to participate in the Swiss Forex Marketplace, this is possible.

 

Security and customer service

There are two types of security when it comes to protecting the money of the clients according to Dukascopy. One is the technical side for which they use advanced SSL encryption.

Next thing they do is deposit protection for all deposits up to 20 000 EUR.

Security and liquidity are also guaranteed by the risk management of the company which does not offer credits, does not invest in real estate and has no risky securities. 90% of the assets are in cash or Swiss Confederation bonds.

Third party fund management allows financial managers to deal with every clients asset but still empower the owner of the account to stop any sale at any time and anyway, to minimize, loss or maximize profit.

Slippage control is a risk management tool which allows easy and safe trading on actively volatile markets.

Also, the pin, the password and the login for each account alongside the firewall used are another line of defense for every client.

The website supports 13 languages, and the support team operates on seven of them – French, German, Russian, English, Chinese, Spanish, and Arabic.

The company provides phone numbers, mail, physical address and social media accounts as contact options.

 

Deposit & withdraws

There are three ways for making a deposit with this company. One is by wire transfer which takes up to two business days and usually comes from people in Europe. The currencies which are usable are USD, CAD, AUD, EUR and many others.

The second method is by card – debit or credit card. The payment usually proceeds in one business day and is only available for clients with the approval of Dukascopy Europe IBS AS. The maximum amount of money which can transfer this way is 4000 EUR/ 5000 USD or the equivalent in other currencies. The fee is usually 2% of the transfer and can go up to 2.5%. The cards that can be used are Maestro, Visa Electron, Visa, and MasterCard.

Bank Guarantees – a different way of making a deposit. A guarantee is accepted only for an account with more than 100 000 USD. Every case for the security is put under consideration on the individual basis.

 

Bonus and loyalty programs

There are four types of rewards with this company.

Equity bonus is a way to stimulate people who trade a lot. It is based on the exchanged amount and can reach up to 10% from the capital. The client should enter the exact trading quantity in a year.

Volume Trading Commission Discount is a way to lower the trading commissions for self-trading customers. The amount of the discount can reach 20%.

Anniversary Bonus – An excellent chance for people to get up to 100% of their equity once they make ten years with Dukascopy.

Refer a friend – this is a program for individuals who can take up to 100% discount (up to $100) for trading commissions if they see a friend. This only applies to live clients with active accounts.

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