Dukascopy Reviews and Comments – Page 2

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i did interbank with foreign trade Moscow 1987. we quoted 3 pips spread for 100 and more. done. so looking for a broker up 5 to 25 or more via internet its ok. so u hv to decide whether u hv a direct line to your bank for a fucking management position and you can forget abitrage or play with Duka. i tell u they quote u choice once u get them on phone. cheers
MP Germany 5 Jul 2009 Reply

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For all they promise with their catchy centralized decentralized market, you would expect 1) immediate execution 2) no slippage 3) no requotes as they claim the best liquidity with this market, sadly execution suxs (20 seconds! guess where the price went !) and requotes are pretty frequent...as are the no executions. If they make it as a bank, they need to get it together, especially with an opening amount of $50K!
Poor 19 May 2009 Reply

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Me have gone to Dukasponzi office as well, I having problem having paid my IB rebates, i do not tell them I coming. 1) office is like extension of Geneva airport...for fast escape! 2) office is like a long corridor with cheep Ikea furniture. Raivis zille, the person I spoke with is VERY RUDE with me, i bring them much client and they treat me like dirt!
DukasPonzi 13 May 2009 Reply

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Trder 123, you are an funny person, haha, DukasCrappy has 4th best plataform in Swizerland, no sorry, 3rd now that Crown Forex will be to go! Every body know that MIG and ACM have better plataform, better spreds, more currencys, and less slipagge. Offices, DukasCrappy can not compare to ACM office or MIG. Get your head out the sand you ostrich!
Andrey Ducca 13 May 2009 Reply

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Interview 2 - I was in their office. You are scamming or you are working with some other brokerage company. Their office is really big and what they offer is very good. Such technology till now no one broker can offer.
Trder123 11 May 2009 Reply

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I stared to use their custodian service and works very good. Only to set up it all took me 3-4 weeks. But I think all Swiss banks doing very slow papers to setting up account.
M.D 24 Apr 2009 Reply

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Hello? Have Dukascopy missed the ACM MIG train?? No reports of their banking license application! HELLO???
WORRIED! 1 Apr 2009 Reply

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I have recently read some disturbing information carried out by a website that claims Dukascopy has cell phone contact numbers that stretch from Argentina thru England to Germany. This is a little uneasing, it's not like I can jump on a bus to go see them, I live in the US. I always found it a little strange that I was never able to talk on the web with them until I actually had their platform, also when doing my comparing, finding out their advertised spreads was like gettin blood out of a stone, whereas all other major brokers openly have that info on their sites. All too dodgy for my liking.
Life Seeker 1 Apr 2009 Reply

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I have been following the situation with swiss brokers and I dont think Dukas will make it to the banking licence. I am more confident in the more established ones like MIG and ACM. Dukascopy will end up like Crown Forex seeing how they are not up to speed with the banking requirements such as required number of chairmenan and paid up capital.
Jeffrey 31 Mar 2009 Reply

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Yes it is distressing to Dukascopy clients to see this ACM banking news. If they don't get their act together for the license they will be forced to leave the country, and I will be forced to leave Dukascopy to find a Swiss broker with the license, most probably ACM.
Hauptman 31 Mar 2009 Reply

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I have just seen the news titles on the sites, ACM is going to be get the banking license. I find out what Grey Matter say is true as well, the net capital of Dukascopy is suspect how it is informed to the clients, this is not true money and I think that the FINMA will not give the license to them, it is not safe for the clients safety of funds. I not feel safe honestly. We are loosing the race, I check the Dukas website and no application is been done yet to FINMA for the license. Honest, the ACM news is a good news for forex in Switzerland and the world, it show that changes are positive in this country, but sadly is been done by another broker!
loosing. 30 Mar 2009 Reply

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"Centralized Decentralized" WTF! Best hook I ever fell for. If the Dukas liquidity is so rich, then why is their execution so poor? This is vital for trading success, like going to a 21st century war with a flint musket, by the time you pull the trigger and the mechanism works, the target has ducked! Why so many rejected trades, why so many re-quotes during normal trading? Dukascopy, the flintlock in the tech age!
FX Shark 23 Mar 2009 Reply

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Their net capital is very suspect, I don't know of any other broker who represents it as shares of their trading platform. What does it mean for our protection? As it is, it doesn't function that well, freezing very often, execution that can take 30 seconds. Does that sound like a 20 million franc piece of equipment?
Grey Matter 23 Mar 2009 Reply

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If you are ready to invest 50k with a broker then you want value for money. This broker does not give you that, you get the feeling you have just invested in a 3 legged donkey at the races.
Worth it? 19 Mar 2009 Reply

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Not much requote under normal conditions but during news trading it becomes disastrous, this forced me to stop news trading which has become less exiting for me.
Jake 19 Mar 2009 Reply

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Yo Harry, my experience is like yours, fast execution...to a re-quote!
Bambi 18 Mar 2009 Reply

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Slippage Bode Miller would be proud of, spikes King Kong would suffer vertigo from, all this for the low price of 50k...and commission to boot!
Salman Kurtz 18 Mar 2009 Reply

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I have just found out that Dukas's net capital is NOT made up of hard money but of the "nominal value of their software" , 22,000,000 shares actually...what the HELL does that mean??? what if they go bust, will I get 7 keyboards, 4 screens and a bag of electronic chips as my account refund??? And Real Time Forex don't even have the energy to mount a similar scam, they're just up and leaving for the sunny pirate shores Malta!! Looks like I will have to move to the only seemingly solid brokers left in Switzerland, either MIG or ACM.
Rupert Daniels 10 Mar 2009 Reply

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OK world, if you could choose between a broker who: 
**A. Has a net capital that is based on the nominal value of their trading platform (so many thousand shares at $1)...or 
**B. has net capital of over CHF. 20 million...cash 
**A. who claims that they have the largest liquidity yet over 50% of trades are rejected...or 
**B. who knows that sometimes a trade will not go through yet are prepared to guarantee you fills...or 
**A. is only based in one country and....3 minutes from the airport departure lounge!...or 
**B. is represented with offices on 4 different continents!...or 
**A. who last won an award in...in...errr NEVER!...or 
**B: just won best FX Broker and Best Platform 2009 in Dubai...or 
**A.charges you commission on trades ontop of the spread...or 
**B. charges nothing on top of the tightest spreads...or 
**A. is not recognized enough to actually have their CMA invited on Bloomberg and CNBC that they have to creat their own little TV show viewable on their site only...or 
**B: is so highly respected that their CMA is regularly appearing on Bloomberg and CNBC. 
If you answered "A" to all, stay with Dukascopy, if you answered "B" to all....move to ACM...I did! 
**A. gives you the opportunity to watch airport carts with their sponsroship on go round in circles...or 
**B actually has a real racing team which have actually won trophies!
TRUTH HURTS 24 Feb 2009 Reply

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Execution is the best. I am news trader and i do not any other company which can offer so fast execution
Harry 23 Feb 2009 Reply

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I did not trust this company at beginning. After some research, I have found that they will apply for Swiss Banking License. Interesting point. But how difficult is it to get it? anyway. If you prepare yourself for a banking license in these days, you should be strong. (min. 10-20 million capital, as acm told me) Reason why I have visited them and opened an account. No other comments for the moment.
Tom 26 Jan 2009 Reply

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Arrghh!!!!! I want to open up a FX account but there are so many scammers. Dukascopy's demo platform seems really cool; however, one fact that ran me off is their location. Here in the US the only companies that have their headquarters near an airport are crappy companies. The land is cheapest all the good real estate is already taken up be the established market players. It's like bying an NYSE stock not from Wall Street but from someone in New Jersey. I think I no on Dukascopy.
sam 15 Nov 2008 Reply

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I like their liquidity, specially these days, when it is difficult to find.
Maruis 19 Oct 2008 Reply

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They plain and simply robbed me...a big fat marketing scam that is a shame for switzerland's reputation. Thats what happens when russians are behind something, its really a shame claiming they are swiss. FYI, one of the lowest capitalised brokers in Switzerland (100K CHF), explains quite a lot right there, might save you something I paid the hard way.
pffff 9 Oct 2008 Reply

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Have traded with them for over two years. Highly recommend them for serious traders managing large funds only. They do have some quirks with their software and charts, so best to use other charts and simply execute trades with them. When properly implemented, trades execute the fastest I have ever experienced and slippage is completely manageable. Just note that fast execution comes at a price of tight spreads but also commissions on every trade. Customer service is awesome!
Tradefx 4 Sep 2008 Reply

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Hei, my strategy finally works. Stop with these marketmakers. And additionally I get interest from bank which arranged me Dukascopy Swiss FX Marketplace
Ole. Stockholm 23 Jul 2008 Reply

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They are really good. 100 millions with one click. I like it. Platform is not easy, but when you trade for two weeks then you can understand everything. I will be with them for sure
Hans 30 May 2008 Reply

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I agree with Do dah. Where does Dukas get its liquidity from? Given their size and problems with regulations/due diligence, no bank would share it with them, so my guess is that they are stealing it from some reputed data feed provider (may be this is the principal task of their IT department if they have any). Anyway, traders, BE AWARE: this place is a SCAM!!!
Selim 6 Apr 2008 Reply

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pls i want to confirm the forex brokers that has license to operate. you can send the reply to my mail ads seunfalobi@yahoo.com
seun 19 Mar 2008 Reply

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I doubt that someone else in this industry can offer 18 $ per mio commission without any hidden profit in spread. They are great
David 11 Mar 2008 Reply

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Dukascopy

Dukascopy Bank, a pioneering online Swiss bank, is strategically headquartered in Geneva, Switzerland. It holds the prestigious position of being the primary entity within the larger Dukascopy Group conglomerate. As the nerve center, Dukascopy Bank ensures that all its Group members maintain...

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