Dukascopy Review

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Overview

Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well

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Details

Broker Dukascopy
Website URL /www.dukascopy.com
Founded 1998
Headquarters Geneva, Switzerland
Support Number 41 22 799 4880
Support Types info@dukascopy.com
Languages Multilingual
Trading Platform Java, JForex, iPhone/iPad, MetaTrader4, Dukascopy Web Platform
Minimum 1st Deposit $5000
Minimum Trade Amount 0.01 lots
Leverage 1:100
Spread Variable, from 0.1 pip
Free Demo Account No
Regulated Yes
Regulation FINMA
Account Types minimum deposit: $5,000 minimum lot size: 1k max leverage: 1:200, 1:60 during weekends
Deposit Methods Wire Transfer, Bank Guarantees, Custodian Banks
Withdrawal Methods Wire Transfer, Bank Guarantees, Custodian Banks
US Traders Allowed No
Overall Score 3.5

Screenshots

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Full Review


Dukascopy is one of the largest retail brokers on the planet. It is a heavily regulated broker in several countries, including its home country, Switzerland. The broker is one of the oldest ECNs available to the retail client. It should also be known that it offers institutional services as well.

 

All Dukascopy customers take advantage of the Swiss Forex Marketplace (SWFX) ECN dealing model. The broker’s pricing model is transparent, and so are its operational metrics. To top this up, Dukascopy offers a historical data feed, and market depth monitor as well.

 

The initial deposit requirement of $5,000 is probably a tad off-putting to rookies looking to start with a smaller amount of money, however the broker’s educational and research section is outstanding and can probably make a pro trader out of a monkey. Calendars, charts, market news and research, signals, calculators and many other tools are at trader’s disposal.

 

Dukascopy offers a few different choices for platforms. JForex is their standalone version of the Java based platform, although the two operate identically. The broker also offers a Web-based platform and iPhone/iPad platform. There is also a beta test of Metatrader4, but this has been ongoing and is long overdue to be implemented.

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