CFD / Forex Broker Review:

Dukascopy Europe

 

DUKASCOPY REVIEW AT A GLANCE

  • Execution: ECN / SWFX Market

  • USA: NO

  • SWAP-Free Trading: NO

  • Regulated by: FCMC and MiFID (EU)

  • Segregated Client Bank Accounts: Yes

  • Trading Platforms: WebTrader, JavaTrader, JForex, Mobile Traders

  • Scalping: YES (Only Dukascopy Bank)

  • Markets: Forex, Indices, Metals, Energies

  • Minimum Deposit: $100

  • Deposit Methods: Cards, Bank Wire

  • Promotions: 10% Equity Bonus -Plus 30% rebate for the 1st month of trading via our rebate links below

  • Customer Support Languages: English, Arabic, Spanish, Chinese, French, German, Italian, Portuguese, Russian

 

RATING FROM FXPROS.NET

This is the Dukascopy Rating from FxPros:

DUKASCOPY RATING

 

(I) Funds Safety

74 %

(II) Trading Cost

84 %

(III) Trading-Options

63 %

(IV) Technology

86 %

Average Dukascopy Rating

76 %

 » Dukascopy New Accounts

 

DUKASCOPY CFD / FOREX BROKER REVIEW

DUKASCOPY COMPANY REVIEW

Dukascopy is a Forex / CFD provider found in 2011, here are some important facts about Dukascopy:

(1) Dukascopy Europe is part of the Dukascopy Bank Group (Swiss Bank)

(2) Dukascopy Europe is controlled by MiFID (EU)

(3) Dukascopy Europe is based in Latvia (EU) and regulated by FCMC

 

DUKASCOPY PLATFORMS

Jforex Platform Dukascopy WebTrader

 Dukascopy JForex

 Dukascopy JavaTrader

 Dukascopy API Trading

iPhone, Android, and iPad Traders

 

DUKASCOPY ACCOUNTS

■ Minimum Account: Minimum Account is $100

■ Fund Methods: Credit Cards, Bank Wire Transfers, Bank Guarantees

■ Account Currencies: United States Dollar (USD), Euro (EUR), British Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY)

■ Dukascopy Leverage and Minimum Margin Requirements

Transactions within the SWFX marketplace can be leveraged. By default, the initial leverage for regular trading hours is set to 1:100. Traders can set their leverage up to 1:300. The Dukascopy minimum margin requirements for the self-trading account is 20 Euro.

» New Accounts

DUKASCOPY CFD TRADING CONDITIONS

■ You may trade CFDs via any Dukascopy platform including JForex, WebTader and the Mobile Traders (iPhone and Android)

■ Dukascopy charge very tight commissions for CFD trading. The commissions for trading energy and indices start at $1.0 / full traded lot and the maximum fee is $3.5 / full traded lot.

■ Stock-Indices: US 30 Index, US 100 Tech Index, US 500 Index, EU Stocks 50 Index, Hong Kong Index, Germany 30 Index, France 40 Index, Australia 200 Index, Spain 35 Index, Switzerland 20 Index, UK 100 Index Japan 200+ Index.

■ Leverage for Indices: 100:1

■ Energy Assets: US Oil, UK Oil

■ Leverage for Energy Assets: 30:1

 

DUKASCOPY BASIC FOREX TRADING CONDITIONS

Maximum Leverage
up to 300:1
Minimum Lot Size 0.01
Dukascopy Spread Types
 
Variable Spread, minimum 0.20 pip on EURUSD
Typical EUR/USD Spread
 
0.40 pip

Typical  GBPUSD Spread
0.8 pip
Typical  USD/JPY Spread
0.6 pip
Dukascopy Europe Trading Commissions
1.0-3.5 USD per full traded lot
  » New Forex Accounts

 

DUKASCOPY CUSTOMER SUPPORT

24/6 Customer support via Phone and Email
Individual Account Manager for all clients
 Customer Support Languages include: English, Arabic, Spanish, Chinese, French, German, Italian, Portuguese, Russian
 
 

DUKASCOPY REVIEW ADVANTAGES AND DISADVANTAGES

DUKASCOPY REVIEW ADVANTAGES  √

DUKASCOPY REVIEW DISADVANTAGES  X

■ Part of the Swiss Group Dukascopy Bank

■ Great Forex Asset Index

■ SWFX Market offers very tight spreads, starting at 0.2 pip

■ Ideal for day-trading

■ FIX/API and the JForex platform

■ Dukascopy is ideal for carry trading (very good Swap rates)

■ Bank Guarantees

■ Personal Account Manager and multilingual customer support (English, Arabic, Spanish, Chinese, French, German, Italian, Portuguese, Russian)

■ 10% Equity Bonus

■ 30% rebate for the 1st month of trading via our rebate links below

■ Fund methods include only Bank Wire and Cards (no internet wallets)

■ MetaTrader-4 only via software bridge

Dukascopy Europe trades Forex, CFDs, Gold and Silver

DUKASCOPY REVIEW CONCLUSIONS

Dukascopy Europe is an ECN Forex Broker offering CFD trading. Dukascopy has developed some unique innovations for its clients. First of all, there is the internal SWFX Market which drives liquidity from tens of European Banks. Dukascopy is affiliated with the Swiss Group Dukascopy Bank. The broker is regulated by FCMC and MiFID.

Dukascopy Europe offers many Forex Assets plus Stock-Indices, Energy, and Gold & Silver trading. Clients may execute huge trading orders based on Dukascopy liquidity (Trades up to 200 mio on Forex Majors). This enormous liquidity is also transformed into very narrow spreads. Dukascopy offers some of the best spreads in the market starting as low as 0.2 pips on EURUSD. The trading commissions charged are very normal compared to the competition ($1.0-3.5 / full traded lot).

As concerns trading platforms, Dukascopy has developed its own trading platform called JForex. JForex offers manual and automated trading plus extended trading capabilities. There are many technical analysis tools and indicators available while you can use also Expert Advisors. There are programmers today offering robots and other software exclusively for JForex. There are also other platforms available including WebTrader, JavaTrader, and Mobile traders. MetaTrader-4 can only be used via a software bridge. Dukascopy is ideal for day-trading.

The minimum deposit requirements when opening a new account with Dukascopy Europe is $100. Furthermore, there are many different account currencies available for client’s and among them EUR, USD, JPY, CHF, GBP and AUD. Every Du, ascopy client has its own account manager and customer support is provided via email and phone. The fund methods include only cards and bank wire. There is also a 10% Equity Bonus promotion from Dukascopy.

Safety of money, very tight spreads, wide Forex asset index and great technology. In overall Dukascopy is the ideal broker for trading Forex, intraday trading and scalping. It is ideal for semi-advanced, advanced and professional traders.

 » Open a New Account with Dukascopy and get a 30% Rebate for the 1st month of trading via this rebate link

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