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Dukascopy Review and Information 2024

Dukascopy Information and Review Dukascopy
Voting Rating Dukascopy does not participate in the Forex Rating
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Regulation FINMA, JFSA
Trading software Java, JForex, iPhone/iPad, MetaTrader 4, Dukascopy Web Platform
Headquartered Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland

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 adequate liquidity, practice risk diversification, and uphold stringent capital adequacy protocols. For those wishing to delve deeper into the specifics of the bank, a comprehensive overview can be accessed on their official webpage. Remarkably, every entity within the Dukascopy Group umbrella is wholly owned by Dukascopy Bank.

Subsidiaries Specializing in Online Trading

Dukascopy Bank's global reach is extended through its key subsidiaries, which mirror the bank's stellar trading offerings. These subsidiaries operate under White Label agreements orchestrated by the Group's headquarters.

  • Dukascopy Europe IBS AS: Located in the heart of Riga, Latvia, this European investment brokerage firm operates under the vigilant oversight of the Bank of Latvia.
  • Dukascopy Japan K.K.: Situated in Tokyo, this Type-1 licensed brokerage firm functions under the regulatory purview of Japan's Financial Services Agency (JFSA).

Dukascopy Group: A Glimpse into the Enterprise Established in Geneva on November 2, 2004, by Swiss nationals Andre and Veronika Duka, Dukascopy Bank has grown exponentially. With the founders retaining 99% ownership, the bank showcases its robustness and commitment to the financial realm. The Swiss Financial Market Supervisory Authority (FINMA) recognizes Dukascopy both as a bank and as a securities enterprise.

Beyond its iconic Geneva base, the bank has a global footprint with offices in locations like Dubai, Riga, and Hong Kong. An impressive team of over 300 professionals powers the bank's operations.

Central to Dukascopy's success is its unique SWFX - Swiss FX Marketplace. This is Dukascopy's trademark ECN technological platform that provides an unparalleled trading experience. 

SWFX - Trading At Its Finest

The SWFX platform is the go-to hub for online and mobile trading, spanning Forex, precious metals, and CFDs. Connected to over 20 significant banking institutions, it offers unmatched ECN spot forex liquidity for a spectrum of traders, from individual investors to hedge funds. This platform emphasizes transparency, ensuring that both buy-side and sell-side participants engage equally. Dukascopy takes pride in its non-interventionist approach, with no dealing desk interference and no requotes.

For those seeking a sophisticated trading environment, the Dukascopy JForex platform offers a suite of tools for optimal risk management and seamless order execution. The platform's intuitive design ensures clients can engage in high-volume trades effortlessly. If needed, phone support is available around the clock.

Dukascopy doesn't just stop at Forex and CFDs; they also offer a platform tailored for binary options trading on stocks and Forex.

Comprehensive Banking Solutions

Dukascopy isn't merely a trading powerhouse. It also offers competitive currency exchange rates for current account holders, state-of-the-art e-banking amenities, credit card options, and a plethora of other banking products. Detailed insights into these offerings are accessible via their platform.

Dukascopy stands out in its commitment to financial literacy and community engagement. Through Dukascopy TV, an online television platform, and Freeserv products, they offer an array of financial resources. Their thriving online community, which boasts over 130,000 members, is a testament to their interactive approach.

Members can share insights, partake in contests, and leverage the bank's advanced communication tools, ensuring that they remain connected, informed, and empowered.

Dukascopy Trading: A Comprehensive Look at Conditions and Offerings

  • Spread and Leverage: Dukascopy has carved a niche for itself in the market with its impressively tight spreads, which significantly benefit scalpers and those involved in high-frequency trading. While regulatory compliances ensure a maximum leverage of 1:30 for retail clients within the EU, thanks to ESMA regulations, professional clients and those outside this jurisdiction might find avenues for higher leverage based on their individual status.
  • Fees and Commissions: Adopting a volume-centric commission model, Dukascopy rewards those who trade in higher volumes with progressively reduced fees. It's paramount for traders to monitor the overnight rates or swaps mentioned on their platform closely, as these can substantially affect the cost of trades that span multiple days.
  • Account Specifications: Simplifying the choices for its clientele, Dukascopy offers a standard trading account and an alternative swap-free variant tailored for Islamic traders. The brokerage facilitates both individual and institutional (corporate) accounts. However, the relatively steep initial deposit might pose as a challenge for beginners.
  • Tradeable Instruments: Boasting a diversified portfolio, Dukascopy extends its offerings beyond traditional forex pairs. Traders have the luxury of exploring CFDs encompassing commodities, indices, stocks, and even the volatile cryptocurrency market. Such versatility encourages a diversified trading approach.
  • Client Support: Commitment to client satisfaction is evident in Dukascopy's robust customer support infrastructure. The 24/5 accessible support team caters to global clientele through live chat, email, and phone, ensuring language isn't a barrier.

Promotional events dot Dukascopy's calendar, enticing both new and seasoned traders. From captivating trading contests to enticing deposit bonuses, the array is vast. However, traders are advised to meticulously peruse the associated terms. Another commendable feature of Dukascopy is its meticulous market analysis, offering traders a spectrum of insights, from daily market overviews to intricate sentiment analysis.

Technological Edge

The JForex Platform Dukascopy showcases its technological prowess through its bespoke trading platform, JForex. With a reputation for unwavering stability and enriched features, it appeals to a broad spectrum of traders, from novices to veterans. The platform not only facilitates algorithmic trading but is also equipped with a myriad of technical analysis tools. For those on the move, the intuitive mobile app ensures they remain connected.

Regulatory Compliance and Security

Rooted in Switzerland, Dukascopy operates under the stringent oversight of the Swiss Financial Market Supervisory Authority (FINMA). Furthermore, its presence in multiple jurisdictions, including Japan and the EU, augments its regulatory framework. Such rigorous governance underscores Dukascopy's commitment to safeguarding client funds and upholding equitable trading standards.

With years of industry experience under its belt and regulatory blessings from globally-renowned bodies, Dukascopy is synonymous with reliability. The bank-level security infrastructure ensures that both clients' funds and their sensitive data remain uncompromised. Furthermore, the advanced tech infrastructure facilitates rapid trade execution, mitigating potential slippage and ensuring optimal price points for traders.

Educational Resources and Partnership Opportunities

For newcomers, Dukascopy's rich educational repository is a treasure trove. The array of webinars, in-depth written guides, seminars, and illustrative video tutorials ensures that traders are always a step ahead. Those aiming to monetize beyond trading will find Dukascopy's affiliate and partner programs enticing. With a competitive reward system, it emerges as a favored choice for trading enthusiasts, influencers, and educators alike.

Dukascopy elegantly blends Swiss precision with an intuitive trader-focused model. While its offerings span a wide clientele base, traders should always tread with caution, fully understanding the risks inherent to trading. Given its formidable regulatory setup, expansive asset offerings, and advanced trading infrastructure, Dukascopy firmly cements itself as a premier choice for discerning traders.

Dukascopy SWFX: an embodiment of transparency and trust

  • Unambiguous Legal Footing. Nestled in the global banking hub of Geneva, Switzerland, Dukascopy Bank proudly upholds its transparent legal stature. Registered under the commercial ID CHE-112.086.322, its operations come under the purview of the Swiss Financial Market Supervisory Authority FINMA, affirming its dual standing as both a bank and securities firm. Notably, it is audited externally by industry giant KPMG and internally by PKF, ensuring utmost diligence. As a stalwart member of the Swiss Bankers Association, the bank's financial health and operations are an open book, with semi-annual financial reports for public perusal. Aligning with the Swiss Financial Market Infrastructure Act, Dukascopy Bank is also recognized as a bilateral Organised Trading Facility (OTF).
  • Unblemished Price Feed Integrity. A level playing field is essential in trading, and Dukascopy Bank staunchly adheres to this principle. Every client, irrespective of their account size or trading modus operandi, receives an identical, transparent price feed, ensuring equitability.
  • Reliability of Historical Data. In the realm of trading, the accuracy of historical data forms the bedrock for robust strategy development. Recognizing this, Dukascopy Bank presents an authentic historical price feed, enriched with high-resolution tick-by-tick quotations. This not only amplifies the precision of back-testing but also obliterates any inkling of price manipulation.
  • Visible Liquidity Streams. Gauging market liquidity is pivotal for astute market players, offering insights into available trading volume at any given juncture. Dukascopy's ECN model stands out by providing a panoramic market-depth window, granting traders a lucid view of the prevailing liquidity landscape.
  • Externally Managed Accounts: A Paradigm of Clarity Entrusting financial management to external entities necessitates unmitigated transparency. Dukascopy Bank ensures this by offering clients a 'view mode' access, allowing them to monitor their account's transactions and performance metrics in real-time. Safeguarding clients' interests further, the bank empowers them to predetermine acceptable risk thresholds, akin to a stop-loss mechanism, alongside the provision to instantly deactivate managed accounts if need be.
  • Real-time Reporting: A Touch of Transparency Knowledge is power in trading. Dukascopy Bank endows its clientele with real-time insights into crucial metrics like balance, equity, P&L, and trading power. Coupled with comprehensive back-office functionalities, clients can effortlessly generate holistic account statements and reports, accessible anytime, anywhere, and tailored to specific date ranges.
  • Multilingual Programming: Bridging Linguistic Gaps In an ever-evolving IT landscape, Dukascopy Bank showcases its commitment to adaptability. By supporting a myriad of programming languages, it caters to diverse trading strategy formulations. An embedded converter facilitates seamless transitions between popular platforms like JForex, MT4, and MT5, epitomizing the bank's cross-language transparency ethos.

In essence, Dukascopy SWFX stands as a beacon of transparency, intertwining unwavering trust with unparalleled service quality. It is this commitment that has cemented its reputation in the trading world.

JForex: Delving Deep into Tick-by-Tick Price Histories with Volumes

Dive into the intricate details of the finest BID/ASK price fluctuations through JForex's meticulously documented price history. Seamlessly craft a diverse array of charts, whether it's the distinct Renko, the classic Kagi, or the transformative Line Break. With a suite of fully adaptable settings at your fingertips, the value of such granular data becomes even more pronounced when assessing and optimizing automated trading strategies.

Meticulous Slippage Management

Optimized Execution with Customizable Slippage Boundaries JForex furnishes traders with the power to pinpoint their maximum slippage, establishing a guardrail against unfavorable market fluctuations for market or stop orders. Looking for unyielding precision? Set your threshold to zero and bid farewell to suboptimal executions entirely.

In-Depth Market Analysis with Market Depth

Dive Deep into Level 2 Quotes, Offering 10 Layers of Insight on Each Flank Empower your trading strategy with a profound understanding of market dynamics. JForex's Market Depth lays out a roadmap, pinpointing the intensity and volume of buy and sell commands across diverse price points. This intricate landscape paints a vivid picture, highlighting concentrations of market activity and potential pivot points.

But Wait, There's an Abundance More to JForex!

  • Trading Flexibility: Choose your style with manual, automated, and chart-based trading options.
  • Analytical Mastery: Access to an impressive repository of 250+ indicators and chart studies, ensuring comprehensive market analysis.
  • Stay Updated: A regularly updated calendar chronicles pivotal economic events and breaking news, keeping traders in the know.
  • Sophisticated Automation: Conduct your automated trades seamlessly, whether on your personal machine or the dedicated Strategy Server.
  • Rigorous Strategy Evaluation: Harness the power of the automated trading historical tester to refine and optimize strategies.
  • Diverse Charting Options: Navigate through an array of chart types, from Renko and Range bars to Point Figure and Line Break charts.
  • Expandable Ecosystem: Plugin support broadens JForex's capabilities, catering to a wide range of specialized trading needs.
  • Global Reach: Engage with a multi-lingual interface, bridging linguistic divides.
  • Comprehensive Order Types: Equip yourself with an expansive arsenal of order types, be it Market, Limit, Stop, Take Profit, and many more. Tailor your trades with nuanced orders such as OCO, IFD, and beyond.
  • Strategic Approaches Welcome: With both hedging and scalping allowed, JForex caters to a plethora of trading strategies and techniques.

With JForex, the horizon of trading possibilities expands, offering an ecosystem brimming with tools and features tailor-made for today's astute trader.

Delving into the JForex API Ecosystem

The JForex API is an expansive gateway, affording developers the capability to sculpt bespoke software applications leveraging the Java programming paradigm. At the heart of this ecosystem, the API client library stands as a robust bridge, seamlessly integrating with client systems. This seamless interface grants direct communication with Dukascopy Bank's state-of-the-art trade servers, all within a cocoon of secure, authenticated online sessions.

The beauty of the JForex API lies in its autonomous functionality. While it operates independently, those who seek an overlay of surveillance can harness the JForex platform. This platform becomes a real-time monitor, offering a lens into every intricate maneuver orchestrated by a user’s system.

Embarking on the JForex SDK Journey:

To kickstart your venture into the world of JForex Software Development Kit (JForex SDK), initiate by downloading and integrating it into a Java Integrated Development Environment (IDE) that aligns with your proficiency and preference. Some of the prominent IDEs compatible with JForex SDK include:

  • Eclipse: A tried-and-true choice for many Java developers.
  • Netbeans: Another formidable contender in the IDE arena.

Contained within the JForex SDK are a multitude of practical examples elucidating various functionalities such as:

  • Real-time strategy deployment with live market data.
  • Strategy back-testing for rigorous evaluation.
  • An immersive strategy back-testing experience in visual mode.

For an in-depth understanding of how to amplify and tailor these functionalities, refer to the comprehensive JForex SDK overview. And if you're setting sail on strategy development, the Strategy API overview is your guiding lighthouse.

It's pivotal to always remain equipped with the latest tools. With that philosophy in mind, the freshest JForex SDK dependencies are perpetually available in the public Dukascopy Maven repository. This ensures that developers can calibrate their projects to always harmonize with the cutting-edge JForex API iterations.

Stay Informed and Engaged

To always remain at the forefront of JForex API advancements, consider subscribing to our automatic JForex API release note emails. These updates ensure you're always in the loop. Furthermore, our dedicated API support forum stands as a vibrant community hub. It's here that all JForex API versions are unveiled, dissected, and discussed among a community of enthusiasts and experts alike. Join the conversation and ensure you're leveraging the full power of JForex API.

A Comprehensive Suite for Money Managers

Dukascopy Bank stands at the vanguard of financial solutions, and in this endeavor, we're excited to present a dynamic technical framework that allows clients to designate a specific trader to oversee their account. This initiative is grounded in a meticulously crafted environment, emphasizing these pillars:

  • State-of-the-art Trading Platform: Harness the power of our cutting-edge trading platform tailored to meet the nuanced needs of professional traders.
  • Versatile Trading Orders: A spectrum of trading orders are at your disposal, including precision-driven stop-loss and limit orders, catering to diverse trading strategies.
  • Revolutionary PAMM Ecosystem: Dive into our advanced PAMM environment, designed to amplify efficiency and streamline management tasks.
  • Unified Multi-currency Trading: Overcome the barriers of differing base currencies. Manage accounts seamlessly as a singular pool, regardless of their individual base currencies.
  • Comprehensive Reporting Tools: Stay informed with our detailed reporting mechanisms, tailored both for clients and traders, ensuring transparency at every turn.
  • Seamless Financial Transactions: Experience hassle-free facilities that enable smooth payments between clients and traders, fortifying trust and convenience.
  • Tailored Risk Management: Designate an individual Stop Loss Level for every account, ensuring granular control over potential risks.
  • Swiss Regulatory Compliance & ECN Liquidity: Revel in the added assurance that comes from our Swiss regulatory standards. Coupled with exclusive access to the ECN liquidity of SWFX - the Swiss FX Marketplace - we offer an unparalleled investment environment.

Are you a Money Manager poised to redefine financial success? Share a glimpse of your professional journey with us, and let's embark on a collaborative venture. Our team eagerly awaits the opportunity to connect with you and explore the synergies we can co-create.

Elevate Your Investment Strategy with Gold Accounts

Embrace the luminosity and stability of gold without physical restrictions through Dukascopy Bank's Gold Accounts. Offering self-trader and current accounts in non-deliverable gold (XAU London), these specialized accounts stand as a powerful alternative to acquiring physical gold, weaving the traditional value of a timeless asset into the modern, digital financial tapestry.

Unlocking the Golden Opportunity

Gold accounts at Dukascopy Bank serve as a conduit for investors who wish to tether their investments to the enduring value of gold without the logistical hassles of physical storage. Here's how the model serves the discerning investor:

  • Hassle-Free Ownership: Relish the financial stability of holding gold without being tethered by its physical storage and security concerns.
  • Alluring Exchange Rates: Experience the advantage of striking exchange rates presented by Dukascopy Bank when you fund or withdraw from an XAU account, ensuring your investment is not only solid but also agile.
  • Flexible Currency Operations: Conduct your funding and withdrawals from a gold account in an array of currencies, namely USD, CHF, EUR, GBP, and many more, all executed with competitively sharp exchange rates.

Despite being non-physical, XAU accounts do accrue maintenance fees and, in an echo of our commitment to your financial security, Dukascopy Bank guarantees gold accounts up to CHF 100'000—aligning with the security afforded to other bank deposits.

Fluidity with a Golden Touch

While the physical gold remains non-withdrawable, your holdings can be redeemed in equivalent values across various listed currencies. Transfers of non-deliverable XAU or conversions into physical gold navigate through a carefully negotiated path, ensuring your investment retains both its value and versatility.

Opening a gold account is a straightforward endeavor: existing clients can liaise with their account manager, while newcomers need to select XAU as the account currency during the online application's fourth step.

Key Attributes of Dukascopy Bank SA

At Dukascopy Bank SA, we curate a financial environment where currency and precious metal trading ("Forex") harmonize to serve both retail and institutional clients. Our services, fine-tuned for professional trading activities, encapsulate:

  • Equitable Liquidity: All clients, regardless of their investment size, enjoy equal liquidity and quotes.
  • Unrestricted Trading: Every trading style, including news trading and scalping, is allowed and supported.
  • Diverse Account Operations: Accounts can be opened in a myriad of currencies, providing you with global financial flexibility.
  • Assorted Funding Facilities: Choose from various funding avenues, such as Credit and Debit Cards, Wire Transfers, and Bank Guarantees.

Each client is fortified with a protection of up to CHF 100'000 against Dukascopy Bank’s insolvency risk by esisuisse, underscoring our commitment to safeguard your investments. Moreover, account size and monthly traded volume intricately define the trading commissions and overnights applied, ensuring a tailor-fitted trading experience.

With a minimum deposit size of 100 USD for Dukascopy Europe and 1'000 USD for Dukascopy Bank SA, we invite you to open a portal to a financial world where the traditional stability of gold and the dynamic nature of Forex converge, crafting a unique, robust investment platform.

Dukascopy Trading Information 2024

WWW https://www.dukascopy.com/
Address Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15 Switzerland
Headquarters Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15 Switzerland
Free phone +41 22 799 4888
24 hour support
Trust management
Expert advisors
Free education
Sponsorship contests, competitions
Mobile trading
Automated trading
Daily analysis
Demo account
24/5 trading
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 0.5-1
Maximum Leverage 300:1
ECN, $ 500
Standard account, $ 5000
Mini account, $ 100
Popular payment methods Wire Transfer, Bank Guarantees, Custodian Banks, Credit Card
Account currencies EUR, USD, GBP, JPY, CHF
Available assets Metals, Gold, Bitcoin
Languages English, French, German, Russian, Chinese, Japanese, Arabic
Platforms Java, JForex, iPhone/iPad, MetaTrader 4, Dukascopy Web Platform
Broker type Bank
Regulation FINMA
Foundation 2000
Copy Trading Brokers
Bitcoin Forex Brokers

Dukascopy Traders' Reviews

For those who navigate the turbulent waters of Forex trading but haven't explored Dukascopy yet, you might be missing out on a stellar opportunity. Hailing from Switzerland - a nation renowned for its banking legacy - Dukascopy stands as a testament to the country's rich financial heritage, intertwining banking and currency in a seamless dance. Dukascopy isn't just any broker; it's a high-caliber Swiss establishment that offers a harmonious blend of reliability and accessibility. Impressively, they permit traders to initiate their journey with a modest deposit of merely $100, although this feature might not be available across all their branches. What sets Dukascopy apart in the crowded broker landscape? It's their esteemed banking pedigree coupled with a genuine Swiss license. This dual advantage assures traders that they're venturing into a secure and scam-free zone, which is an essential consideration in today's unpredictable financial terrains. Moreover, Dukascopy tailors its offerings, taking into account the unique nuances of European countries with advanced economies. Consequently, the broker's conditions are especially enticing for European traders, given their harmonization with the continent's financial frameworks. The company's robust accreditation further complements its appeal, offering a sense of security. Moreover, the safeguarding and insurance of client funds stand at an industry-leading level, further cementing its credibility. For budding traders from Europe, Dukascopy emerges as a particularly compelling choice. Contrary to common perceptions, the broker's conservative leverage approach can be a boon for newcomers. It inherently minimizes risk, making it more advantageous than restrictive. In essence, Dukascopy represents a union of Swiss financial excellence with adaptable trading solutions, making it an essential consideration for every serious Forex trader, especially those based in Europe.
  12 Oct 2023  

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My recent venture with Dukascopy turned out to be quite a mixed experience. On paper, the promise of insurance for deposits seemed like a lucrative proposal. However, it didn't quite resonate with me as a standout feature in practice. While I did find their approach to algorithmic trading (algotrading) commendable, there were aspects that detracted from the overall user experience. One notable drawback was the persistent issue of slippage, which didn't align with my trading aspirations. Moreover, the withdrawal processing time left much to be desired. It seemed as if the broker had erected an intricate labyrinth when it came to their verification process, demanding what felt like an endless stream of documentation. Such extensive requirements not only felt tedious but also consumed an exorbitant amount of time to fulfill. On the brighter side, Dukascopy boasts a versatile suite of trading platforms, catering to a broad spectrum of traders' needs. Moreover, their unwavering commitment to providing precise quotes is something I genuinely appreciate, as it offers a semblance of reliability in the ever-fluctuating world of trading. However, while these advantages did add value to my experience, they couldn't overshadow the glaring pain points I encountered. I've collaborated with various brokers in the past and have derived more substantial profits and a smoother user experience from them, making my choice evident. In essence, while Dukascopy has its merits, it might not be the best fit for everyone. It's vital to assess individual trading needs and past experiences before settling on a broker.
  14 Sep 2023  

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Having traded with numerous brokers, I can attest that Dukascopy offers a top-notch service. Their platform is one of the most stable I've used, which, in the volatile world of forex trading, is a considerable advantage. When it comes to funds withdrawal, Dukascopy is relatively swift. Although I've experienced faster withdrawals with other brokers, Dukascopy's processing times are still commendable, ensuring that traders can access their funds without unnecessary delays. Their customer support team is both knowledgeable and responsive. I had a technical issue once, and their team guided me through the resolution within a few hours. The multi-language support is also a great touch for international traders.
  22 Aug 2023  

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Having been exposed to considerable buzz about Dukascopy, a reputed European broker, I felt compelled to give it a try. What primarily piqued my interest was their assurance in safeguarding my deposit, a crucial aspect for any trader. From my initial exploration, the terms they offered seemed relatively favorable. A standout feature was the accuracy of their quotes. Many brokers have a propensity to misrepresent or skew their quotes, but with Dukascopy, I found them to be meticulously precise, which contributed to a hassle-free trading experience. Yes, there were instances of slippage. However, since scalping isn't a part of my trading strategy, these occurrences didn't overly concern me. Yet, it wasn't all smooth sailing. When it was time for me to withdraw my profits, the process became somewhat tedious. Awaiting over a week to access my earnings was a tad disappointing, to say the least. In summation, my journey with Dukascopy has been a mixed bag. While they excel in certain areas, there's room for improvement in others. As of now, I'd rate my overall experience as average, meriting a 'C' grade. I look forward to observing how they evolve and whether my impressions shift with more interactions.
  8 Aug 2023  

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The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

Dukascopy's JForex platform provides an extensive array of tools that cater to both novice and experienced traders. Their analysis tools, in particular, offer in-depth insights, which significantly aid in making informed trading decisions. In terms of fees, Dukascopy's commissions are competitive. However, it's essential to be aware of the overnight fees if you're considering holding positions for an extended period. One of Dukascopy's standout features is its robust regulation under the Swiss Financial Market Supervisory Authority (FINMA). This lends a high degree of reliability and trustworthiness to their operations. In the realm of order execution, Dukascopy is impeccable. Orders are executed swiftly with minimal slippage. Moreover, their transparent pricing model ensures traders are well-aware of the associated costs, promoting an atmosphere of trust.
  3 Aug 2023  

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The range of assets available for trading on Dukascopy is commendably diverse. From forex to precious metals and CFDs, there's a broad spectrum for traders to diversify their portfolios. Their partnership program is beneficial for those looking to earn a commission on referrals. While I've personally not delved deep into this, a colleague of mine speaks highly of the returns and support provided in this aspect. On the whole, Dukascopy offers a balanced trading experience. Their platform's stability, coupled with their rigorous regulation, makes them a favorite among many traders. However, as with all brokers, it's crucial to be aware of fees and ensure it aligns with your trading strategy. Always recommend conducting your own research before diving in!
  26 Jul 2023  

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Newcomers to trading often think that the basis of stable earnings is a bunch of diverse and complex strategies from different masters of this business. Yes, I agree, there is truth in this. But not everyone is suitable for someone else's strategy. All traders work a little in their own way, despite the fact that they can be guided by tactics that have been verified over the years. Each of the players has their own style of trading and it’s not a fact that it can suit you. For me, in order to earn $1000 a week, it was enough to figure out what candlestick and technical analysis are, what support and resistance levels are, experiment with vertical and horizontal volumes in combination with candlestick analysis from technical tools (if you prefer to use them on the chart, of course). And believe me, knowing the base, the result will not be long in coming. I have a stable withdrawal per week, at least $500, as a maximum (if there is such a goal) $1000 without using abstruse trading strategies. But, again, I have my own style, work on the Asian trading sessions and slightly aggressive actions. If you don’t have the opportunity to sit at the computer for hours, and the desire to try it is a place smeared with honey, then I would recommend using Dukascopy’s analytical support (I worked closely with a specialist at the beginning of the journey), or at least signals (they will give you a rough understanding of how to act in the market, such as watching TV shows and repeating lines after the actors when learning English). At the moment I am using a brief analytical summary from my analyst, which is enough for me to know exactly what points I should focus on in the market.
  21 Jul 2023  

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I trade overnight and have no problems. Speaking specifically about Dukascopy, I’ll say that it seems to be very stable and safe, I would even say the most ordinary, you can find something more interesting, but I don’t focus on this, because the main thing for me is that their terminal works without bugs. In general, the speed and quality of the platform's work cause special gratitude. The server is running smoothly. And there is also a minus - the fact that the leverage is not large. But even here it is immediately a plus - there is an opportunity to trade the smallest lot of 0.01. By the way, as it turned out, not every company provides such an opportunity. Once I was already caught that way - I opened an account with a broker where minimum lot was 0.1.
  15 Jun 2023  

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I trade quite large volumes, and to come to this I had to look for a good company through which it would not be scary to work. Broker Dukascopy is suitable for large investments, I was convinced of this more than once. Instant execution of orders, which is very important for my investments, because every second you can lose your money. The Dukascopy support service causes only positive emotions in me, it is clear that good specialists work, who are savvy in any issue. All the problems that I had were resolved very quickly, and after that I was asked several times whether my emerging issue was resolved. Such moments are very pleasant for me, for this I appreciate them. It can be seen that they value their customers not just in a picture on the Internet somewhere, but in reality. For this broker my rating is 10!
  3 May 2023  

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Week ago I got notified from Dukascopy that my card is suspended due to decision of Corner Bank to stop issuance and support of all client's cards issued in frame of partnership with Dukascopy. They also stated that my money is safe in my account at Dukascopy Bank. What a lie! Money is cleared from my Dukascopy card on 24th March, it was not transferred to my Dukascopy account, I do not have any access to it, it simply disappeared and support is not replying at all.
  28 Mar 2022  

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Below are some points about my experience with Dukascopy.
Positive: I found JForex3 better for charting and using indicators than other platforms that I tried out, but know that it was one of the first ones that I used. I might be just used to it. The support for it is also good, if one asks through the community chats. It is also possible to have indicators added to the platform, but it requires some persistence in the communication with their staff. Dukascopy Community page with contests, articles and chats about various topics. The community runs a YouTube channel with live stream training and sharing of methods. I prefer looking up content of other traders than a broker or education site that makes money from ads or turnover. Small spreads on the main pairs. A trade on EUR/USD costs a pip for me. Did not spot slippage in execution. The exceptions were economic calendar events, but they can be easily avoided as the calendar is available on the platform and their website. Visual JForex - one can automate trading rather easily with this program, but I am still getting into it.
Negative: Spreads on commodities and stock CFDs are not the best. I mostly stick to currencies on their platform. Investing in a stock and keeping it next to other positions is not a possibility there. I used another broker for that. Their replies to support e-mails take a rather long time. It is better to ask questions about even account related matters to other traders that use their services. They are good for trading top and exotic currencies, but not investment. I use Dukascopy for one to three day currency set ups with trailing stop losses.

  20 Nov 2019  

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Tried out the demo account. It somehow got shifted to a foreign language. There wasn't any timely response on how to correct the issue. Glad I didn't have a live account with them. It's been almost 24 hours with the issue. I'd look for a broker with a better help line.
  9 Sep 2019  

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In general, about trade and service, it can be said just as well, but alas, it is not excellent, a little bit is not enough to excellent. Jforex - works, does not hang, everything is smooth. Someone says that it hangs, brakes or something else, I do not know, I did not notice. Depositing from bank card is very fast - a couple of minutes and money in the account. Withdrawal only through the bank, but also quickly. Everything else Dukascopy keeps at the same level, everything is smooth, not much of a noticeable growth: contests, PAMM, news, everything as always and same as elsewhere.
  4 Jul 2019  

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Fast execution, commission + spread is more profitable than competitors, swissquote for example, adequate support (but not in chat!) Is a state-of-the-art trading platform. but reports look a bit like from the nineties. There is a feeling that the guys do not develop enough. In addition to the platform, which is constantly improving, all other technologies are lagging behind.
  3 Jul 2019  

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XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

Dukascopy is a scam and here's why. Please see my request for intervention on behalf of the community to bring out this broker for the lawless and irresponsible actions experienced by the forex community. My account with Dukascopy is compromised by the numerous requests and unreasonable demands of the compliance and legal department which keep on asking questions regardless of whether they have been answered and have even frozen my funds. To look at the sequence of events, having received numerous emails from the compliance department requesting information in duplicate and even demanding without reason the format in which the information must be submitted on self-certification documents which means them taking in active role in targeting clients based on their own interests even if the information was up to date and submitted in the correct format. Here are the things that have been experienced thus far. 1) Dukascopy calls me at 11pm to ask me questions about my account 2) Dukascopy refuses to change my telephone number stating proof of address is requested for telephone number change. 3) Dukascopy takes an active role in investigating why my number is US even if it is said to be a voice, still it is not accepted and demands for information keep coming such as "What is your relationship with US" 4) Dukascopy bills me for account inactivity prior to this claim in a year or two before without notification for $100 USD 2 times. 5) Account manager becomes unavailable at will and at certain times does not respond to emails. 6) Requests for account modification or changes including but not limited to opening of trading accounts are ignored. 7) Withdrawal requests are met with more questions which pertain to account information even if the account information is up to date. 8) Dukascopy will not honor the agreement in terms of secrecy of information and exchange, first mentioning that they will, Report me to all countries that I MAY be a tax resident of, only to later change the tone to We will report you to Country X. 9) Dukascopy would like to close my account even though their claim is groundless and there is no information owed based on their self-certification claims for my lack of information. 10) The team at Dukascopy keeps asking questions that are beyond the scope of a bank as well as a broker. Questions like why do you need so many trading accounts and why do you have a US number. 11) The letter received from the bank which apparently comes from their legal department indicates they asumed information which is not my problem and their remedy is to ask me to correct this information. However the information is up to date and there is no information owed therefore they are blackmailing me. 12) Dukascopy have frozen my funds and plan to levy a maintenance fee based on inactivity. However it's not even possible to maintain the account because it's been frozen. My funds are frozen because Dukascopy refuses to honor their end of the agreement and chooses to ignore my request as well as submitted information. Please asist in retrieving my funds.
  16 May 2019  

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@Nath: I read exact the same review on many other review websites, word for word. Coincidence? I don't think so. Your text is therefore not trustworthy.
Andy   19 Jul 2019
before criticizing my review as a fake then look at your own comment which probably comes from the bank. Account number ending in 757
@Andy Fake   14 Sep 2019
@Andy He was just copy pasting it everywhere.
@Nath Did they reply to you on it?
It looks like you were cut off, as soon as it appeared to them that you might be a US tax resident. That is why the questions and proof of address.

JohnTrades   20 Nov 2019
Been trading with Ducascopy for around 7 months and overall would say my experience with them has been improved dramatically. The master classes they hold are very informative, I just wish there were more open webinars on stock and futures markets. I also see how my trading style has changed over 7 months. Things like capital management and pattern recognition are heavily emphasized in all of their seminars and courses. I'm happy to trade with Ducas and see how my balance gradually growing over time. Probably the most recognizable and reliable forex broker in Europe!
  11 Feb 2017  

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Dukascopy is both broker and bank that is why it offers a lot of options and that is an advantage. The withdrawal is easy and fast here. The technique and feasibility are up to the mark. I appreciate transparent pricing environment here and stable server without any breaks. It allows reacting without delay under various market situations. At the same moment I can monitor the market, carry out the trading orders including Stop Loss, OCO, limit, take profit and others. Here I can take advantage of slippage control feature. The hedging mode is available.
  22 Jun 2016  

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My account is with this broker for a year already. I am glad to start trading here as far as it is honest. Though they say Dukascopy suits experienced traders – I pick the things up. It is an ECN-type broker so I can carry-out client-to-bank trading without dealers and thus keep my trading strategy and open positions closed for those dealers. Besides, it is really important to have the prices just from leading banks. The broker does not re-quote and does not take positions against the clients. Here I am allowed scalping also. In general the execution is good here and the spreads are quite reasonable perhaps not the tightest one but it’s ok.

  5 Jun 2016  

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Do you still trading at Dukascopy? Do they really allow you to do scalping?
Jaime   8 Aug 2020
I am quite satisfied with the broker's services. Have been there client for a couple of years so far. Not experienced any major problems. Withdrawal is not extra fast but works eventually. They do not hamper trading. So going to stay with them.
  1 Mar 2016  

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I also trade in this dukascopy for 3 or 4 month. Its good enough, but i change broker to Liteforex broker. And I find out the right place for me to make many pips in every days.
  25 Aug 2015  

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