Dukascopy forex broker review and detailed information

Dukascopy forex broker review and detailed information

How does Dukascopy compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

Dukascopy forex broker logo

Basic information about Dukascopy

WebsiteVisit Dukascopy
TypeECN
Regulated byARIF, FFA
CountrySwitzerland
Established in1998
Live chatno

Trading terms

Commission (pips)0.05-0.48
Fixed spreadno
Variable spreadyes
Spread on majors (pips)0.5-2.0
Leverage100:1
Minimum deposit (USD)1000
Minimum trade size (USD)1000
Accepts scalpingyes

Available features

Number of currency pairs19
Precious metals (gold & silver)yes
Oilno
Stocks, Indices, and/or CFDsno
Hedgingyes
Trailing stopyes
Free automated tradingyes
MetaTrader 4no
Mobile tradingyes

Forex account

Demo accountyes
Interest on unused balanceyes
Islamic swap-free accountsno
Segregated accountsyes
Accepts U.S. citizensyes
Payment by Bank wireyes
Payment by Credit cardyes
Payment by PayPalno
Payment by checkno
Other payment options
Account in USDyes
Account in Eurono
Account in GBPno
Account in CHFno
Account in JPYno
Account in AUDno
Account in CADno
Account in NZDno
Account in CZKno
Account in DKKno
Account in HKDno
Account in ILSno
Account in NOKno
Account in PLNno
Account in RMBno
Account in RURno
Account in SEKno
Account in SGDno
Account in ZARno

Languages

Arabicyes
Chineseyes
Czechno
Dutchno
Englishyes
Frenchyes
Germanyes
Greekno
Hebrewno
Indonesianno
Italianno
Japaneseyes
Koreanno
Malaysianno
Polishno
Portugueseno
Russianyes
Spanishyes
Turkishno

Dukascopy account registration


Dukascopy customer reviews

Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.



Maria
2011-03-25
For a long time, Dukascopy was beyond the reach of retail forex traders because of their required minimum deposit of $50,000. But now, the minimum deposit is only $1,000.

Don't be mistaken: This forex broker is still primarily catering to big guys in forex who want to trade in millions of dollars in an absolutely secure one-click trading environment. But Dukascopy now offers the same quality of services to retail forex traders too.

Charting, technical analysis and streaming news are all first-class. Execution of trading orders is incredibly fast, with no slippage. Dukascopy is an ECN broker with lots of liquidity available.

Spreads are as low as you can get on the market. Normally, I see the spread on EUR/USD below 1 pip (slightly lower than at Oanda and much lower than at Saxo Bank). During news releases, the spread is usually 9-10 times lower at Dukascopy than at Oanda.

If you care about execution time, slippage, and spread, I strongly recommend Dukascopy.


Alex Findlay
2010-10-18
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...

Alex Findlay


Ronald
2009-08-22
Iíve 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.


Daniel
2009-03-11
Jforex platform is the best. I thought that MT4 is best, but now I changed my mind.


Chris
2009-01-08
Overall I am enormously happy with Dukascopy. Their account opening process is time-consuming because of some Swiss regulations. But once you get through, you will get astonishingly tight spreads, very fast execution, and outstanding customer support. Dukascopy has the best bid/ask spreads that I have seen. It is also relatively easy to get a segregated account, which protects me against the brokerís bankruptcy. Check out also their jFOREX package for algorithmic trading. It is excellent.


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