Dukascopy
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Dukascopy |
| Vote |
Current Month Stats   View Stats |
| Up | 98% |
| Down | 2% |
| Neutral | 0% |
| License | |
| Trading software | SWFX - Swiss FX Marketplace |
| Trading conditions | Min. deposit: $1000 |
| Address | Dukascopy (Suisse) SA, ICC, Route de Pre-Bois 20 City: Geneva 15 State: Geneva Country: Switzerland Zip: 1216 |
| URL | www.dukascopy.com |
Overall Rating: 
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Platform Reliability:
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Dukascopy, the SWFX Swiss FX Marketplace, combines access to the Swiss Foreign Exchange Marketplace with an improved trading platform and strong financial services via its banking partnerships. It offers the largest pool of ECN spot Forex liquidity for banks, professional traders, hedge funds, and other institutions. Private clients can also open an account with Dukascopy Bank SA.
The forex broker offers unique FOREX brokerage services with full access to the Swiss Foreign Exchange Marketplace and is regulated and controlled through the ARIF and the FFA (Federal Finance Administration) for financial intermediaries. Dukascopy Suisse provides two variants of trading platform: installed JAVA and web-based.
Trading Hours
06:00 Monday Sydney time until 17:00 Friday New York Time
Customer Support
Phone, Skype, and Email
Pros
- Real-time interbank rates with spreads like 0.5 - 1 pip on Majors
- Safe and easy to use trading platform
- Secured online trading
- Phone trading
- Website accessible in eight different languages (English, French, German, Russian, Spanish, Chinese, Japanese, and Arabic)
- Biggest marketplace in the world
- Low spreads, slippage control
- Reliable Customer Service
Cons
- Retail clients are not serviced
- Minimum $50,000 account requirement
| Broker Facts: | |
| Company: | Dukascopy Swiss FX Group |
| Online since: | 2004 |
| Country: | Switzerland |
| Payment options: | Bank wire |
| Minimum account size: | $1,000 |
| Minimum position size: | 10 lots |
| Leverage: | 1:100 |
| Spread | 0-1 pip on EUR/USD |
| Minimum deposit: US$ 50000 | 1-212-710-9002 |
| Leverage: | 100 : 1 |
| Spreads on majors: | 1-2 pips |
| Commission: | 10-18 USD per 1 million traded |
| Minimum trade size: | 1000000 units |
| Currency pairs | 15 |
Dukascopy Bank SA was created in 2007 and its mission was to serve the financial community through advanced technological solutions. The firm is located in Switzerland and offers live and managed accounts with a minimum account size of $50,000. First-time or hesitant investors can also make use of free demo account for a period of 14 days. With spreads of 0-2 pips for major currency pairs and Java/JForex/Web charts and trading platforms, Dukascopy places great importance on individual's rights and therefore applies strict confidentiality. All Dukascopy accounts have direct access to ECN Forex trading market via SWFX - Swiss FX Marketplace and the Dukascopy Bank offers a leverage ratio up to 1:100. Dukascopy Bank does not charge any fees not related to the trading activity and there are no commissions for account maintenance and fund withdrawals.
Some of the characteristics in context to this firm are ECN liquidity (100 – 200 mio on Majors), Instant execution, No price and execution manipulations, 24/6 phone trading support, Technological stability, and equal prices and liquidity for all clients. The Dukascopy Bank has a shareholder capital of 22,000,000 CHF.
| * Email support: | Info@dukascopy.com |
| * Main phone: | +41 (0)227994888 or +41 (0)227994844 |
| * Fax: | +41 (0)227994880 |
| * Trading desk email: | RM@dukascopy.com |
| * Trading desk phone: | +41 (0)227994838 or +41 (0)227994848 |
| * A Skype link is available at the Dukascopy site: | http://www.dukascopy.com/swiss/english/about/contact/?ibref=1062 |
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Disclosure & disclaimer : information available on this site is for informational purposes only and not to be constructed as specific trading advice. Responsibility for trade decisions is solely with the reader.
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© 2006-2010 Forex Broker Rating - Top Rated Forex Brokers
Dukascopy stands above all
Dukascopy stands above all Brokers. I wish to clarify the many questions about whether they will impose the new CFTC rules. The new CFTC Rules. do not apply to banks. Dukascopy is a bank & should be ok until 6/2011. The one thing you should be aware of is that Dukascopy will change it's leverage requirements based upon time of day or day of week and market liquidity. Usually just on Friday a afternoon...
I've been with Dukascopy for
I've been with Dukascopy for about 8 month now, and i've had no problem with them. Accept once in a while the platform freezes up, but its only for a few minutes. Other than that there a great company.
I’ve been trading at them for
I’ve been trading at them for half year. And since then I had no big problems, all other was fastly resolved by Dukascopy support. Yes, the technology they use is quite difficult, but after few days you can enjoy the data that is available. The other thing I enjoyed very much - they have many IB which started a war who will give highest rebates. I started with forextradingchoice.com and now my profit rate is much higher.
I give my full recommendation
I give my full recommendation to go with Dukascopy. I am pleased with the trading and executions. I see spreads on the pairs I trade often below one pip And I see market depth. Out of that I created good strategy, which gives me perfect forecast for next half minute.
I have personally taken 300K
I have personally taken 300K out of FXCM over the last 6 months in profit. Thats net withdrawels. These three services are not scams. They make a lot of money on the spread and interest and its to their advantage for you to make money and make more trades. Remember, when you make money, they hope its from other services and leads to more trades. I have other 1400 trades on the sites. I looked at my spread and commisions (FXCM has a commision for gold members, but ultra low spreads), it was over 30K last year. No wonder they like me. But my profit was over 500K.
All I would like to say is
All I would like to say is that I recently joined Dukascopy and I am happy with their spreads, the feed of the jForex platform is outstanding, and support as well! The registration takes a little while though, so perhaps sending the documents per express would help such as fedex and dhl. Dukas #1, no other brokers for me anymore :D
What can I say. This is a
What can I say. This is a respectable Swiss ECN with solid customer service. The rest is not that important to me as I am a long-term trader.
These guys are excellent.
These guys are excellent. Unbelievable staff, the platform is quite nice as well.
"I've been trading at them
"I've been trading at them for half year. And since then I had no big problems, all other was fastly resolved by Dukascopy support. Yes, the technology they use is quite difficult, but after few days you can enjoy the data that is available…"
"I've been with Dukascopy for
"I've been with Dukascopy for about 8 month now, and i've had no problem with them. I've tried many other companies and they have by far the best platform out there…"