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Dukascopy Reviews written by real traders

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  12 Oct 2023
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.
  14 Sep 2023
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.
  22 Aug 2023
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.
  8 Aug 2023
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.
  3 Aug 2023
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.
  26 Jul 2023
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!
  21 Jul 2023
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.
  15 Jun 2023
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.
  3 May 2023
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!
  28 Mar 2022
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.
  20 Nov 2019
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.
  9 Sep 2019
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.
  4 Jul 2019
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.
  3 Jul 2019
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.
  16 May 2019
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.
@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
  11 Feb 2017
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!
  22 Jun 2016
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.
  5 Jun 2016
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.
Do you still trading at Dukascopy? Do they really allow you to do scalping?
Jaime   8 Aug 2020
  1 Mar 2016
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.
  25 Aug 2015
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.
  27 Jul 2015
I have worked with the company for more than four years. During that period I have not experienced serious problems. Of course there were minor slippages, but quite expectable for real market. The spread is not widened too much. The platform is not extra user friendly but you get used to it with the time. The process of opening a real account is also not simple but finally is worth it.
  3 Aug 2010
Dukascopy looks like a more reliable broker since the receipt of their banking license. At least, for individuals of networth under 100k.
  9 Jun 2010
Actually I wasn't reading carefully enough. I took a closer look at the commission policy, if you exceed a certain amount of traded volume you get rebates. However, I didn't receive any rebates for May because I stopped trading but this is good news.
  28 May 2010
The execution is really impressive. I'm a scalper myself so I love the tick charts and execution plays a very important role for me. However, I am considering a different broker right now because I have a small capital and the commission which applies to me is a bit expensive :(
  12 May 2010
I have never seen such a technology. ther iphone app is amaying, speclally the trading system.
  1 Apr 2010
The worst broker ever
  20 Feb 2010
Still my favourite broker. good ecn network, good exe.
  10 Feb 2010
We've been with them for over a year. True, the platform plays sometimes stupid tricks, especially while scalping with small lots (smaller than 0.25 million). We've made money and we've lost some, but it wasn't the fault of Dukascopy. We more than doubled our money in a month and we had our profit (over $ 50,000) transferred to our bank account in less than 36 hours, and the only fee was the $10 charged by OUR BANK. We consecutively lost almost $ 110,000, but we may only blame ourselves for that. The platform is quite complex and it takes a lot of time to learn how to navigate through it. The news service is shitty, although somewhat improved recently, but you have Bloomberg, Reuters and DJ services. Overall, if you don't know what you're doing, it's not for you. Right, you sometime have to wait a day before your more complex technical questions are answered, but they are eventually answered COMPETENTLY, TRANSPARENTLY AND HONESTLY (IF ABSOLUTE HONESTY EXISTS AT ALL).
  18 Aug 2009
Jforex platform works perfect. Only stupid will not understand how it works. Great product
  6 Jul 2009
I watch my wife struggle to get any telephone response from Dukas, they openly state they will only ONLY allow you to contact them if you want to CLOSE a pos. and are unable to.
  5 Jul 2009
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
  19 May 2009
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!
  13 May 2009
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!
  13 May 2009
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!
  11 May 2009
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.
  24 Apr 2009
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.
  1 Apr 2009
Hello? Have Dukascopy missed the ACM MIG train?? No reports of their banking license application! HELLO???
  1 Apr 2009
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.
  31 Mar 2009
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.
  31 Mar 2009
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.
  30 Mar 2009
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!
  23 Mar 2009
"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!
  23 Mar 2009
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?
  19 Mar 2009
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.
  19 Mar 2009
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.
  18 Mar 2009
Yo Harry, my experience is like yours, fast execution...to a re-quote!
  18 Mar 2009
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!
  10 Mar 2009
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.
  24 Feb 2009
OK world, if you could choose between a broker who:<br />
**A. Has a net capital that is based on the nominal value of their trading platform (so many thousand shares at $1)...or<br />
**B. has net capital of over CHF. 20 million...cash<br />
**A. who claims that they have the largest liquidity yet over 50% of trades are rejected...or<br />
**B. who knows that sometimes a trade will not go through yet are prepared to guarantee you fills...or<br />
**A. is only based in one country and....3 minutes from the airport departure lounge!...or<br />
**B. is represented with offices on 4 different continents!...or<br />
**A. who last won an award in...in...errr NEVER!...or<br />
**B: just won best FX Broker and Best Platform 2009 in Dubai...or<br />
**A.charges you commission on trades ontop of the spread...or<br />
**B. charges nothing on top of the tightest spreads...or<br />
**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<br />
**B: is so highly respected that their CMA is regularly appearing on Bloomberg and CNBC.<br />
If you answered &quot;A&quot; to all, stay with Dukascopy, if you answered &quot;B&quot; to all....move to ACM...I did!<br />
**A. gives you the opportunity to watch airport carts with their sponsroship on go round in circles...or<br />
**B actually has a real racing team which have actually won trophies!
  23 Feb 2009
Execution is the best. I am news trader and i do not any other company which can offer so fast execution
  26 Jan 2009
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.
  15 Nov 2008
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.
  19 Oct 2008
I like their liquidity, specially these days, when it is difficult to find.
  9 Oct 2008
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.
  4 Sep 2008
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!
  23 Jul 2008
Hei, my strategy finally works. Stop with these marketmakers. And additionally I get interest from bank which arranged me Dukascopy Swiss FX Marketplace
  30 May 2008
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
  6 Apr 2008
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!!!
  19 Mar 2008
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
  11 Mar 2008
I doubt that someone else in this industry can offer 18 $ per mio commission without any hidden profit in spread. They are great
  11 Feb 2008
Now they offer smaller min trade size. for my strategy it is very good. every month they surprize me with different improvments.
  8 Feb 2008
interesting platform . I'm new on Forex and I'm just demoing for the moment but I'm quite impressed by the speed , the spread provided by this Company compared to many others .. I saw some very negative comments , I'm surprised. Maybe I'm missing something ??
  17 Jan 2008
This is soooo funny yet dang scary as well...I was looking at putting money with these jokers until I did some (This) research...they even did cut and paste comments on some other forums I found them listed on...the exact same comments word for word!!!
  13 Jan 2008
Ive never seen so many company posts on one site its crazy. You can literally tell which post is done via company. Scarey stuff considering their minimum deposit for an account. They should be ashamed. DONT GET CAUGHT TRADERS BECAUSE THEY ALMOST GOT ME.
  4 Jan 2008
Check out the comments: &quot;they are very big&quot; and &quot;close to their clients&quot; and &quot;biggest liquidity&quot; ...and using jargon barely known anywhere &quot;SWFX&quot;. Pumping their own name up with fake posts. Is pump-and-dump being applied to in this board as well as in the market? Hilarious to think someone will make a decision to place money with a company like Dukascopy. Traders, get real. Or, good luck.
  12 Dec 2007
You've forgot to write IMHO as its your own personal opinion!
  11 Dec 2007
This is a small company that just markets a centralized marketplace. First of all forex is not centralized and what bank would ever share liquidity with them? Its just a bubble growing and about to pop is all I can say, take it or leave it. Lets all be honest, we have traded here and there its now common knowledge that a broker that doesn't let you trade during the news is a market maker... why? because when you are a broker connected to multiple banks like FXCM, ACM or ODL securities, your entry and exit of the market will most likely not be done in the same bank. Therefore, nowone will notice you are scalping or taking quick profits on news. Only a market maker would have a problem with that. Sorry Dukas but yur a bunch of scammy liars and after my due diligence on you I wouldn't give you cent. Thanks all for the feedback and also Dukas saales people posting lies all over this forum, it helped me to understand the type of people I would be working with. My choice has now come down to the 3 brokers I stated previously. Bye.
  7 Dec 2007
I have been trading with Dukascopy for the past couple of months. As I learn the platform I'm liking it more. I love the spreads - when I hear about spreads other people are getting I can only smile. What takes the gloss off however is at times of news. I have had great difficulty getting filled. the platform tells me there is no liquidity at that price. I have even tried going with no slippage control. So in effect it should hunt the nearest possible entry for that trade, regardless of how far away it is - there is always someone somwhere! And I still get the same message.
So despite the narrow spread - good for most kinds of trading. If I can not get entry at times of news it's no good to me.
  16 Oct 2007
Enough liquidity. Need more exotic crosses (HUF or MXN). Very good service.
  11 Oct 2007
Dears, Just look at the liquidity of Dukascopy. In fact, it is the biggest ECN. What I like is the fact that I can see in which sub-marketplace I traded, Hotspotfxi, Lavafx, currenex or swfx. (for info, 20GBP exe very good…)
  10 Oct 2007
Just looking at the reviews here. Just remember, people who lose blame their brokers. People who dont understand true market issues (like you need someone to B when you S!), blame their brokers. If you are used to a market maker, this will be a big suprise for you. However, after trading for over 5 years full time, I can tell you that these guys are good at what they do - provide full Level 2 access into the market. Their graphing is poor, but just keep a Metatrader going on a different screen. If you can trade well, the Market Makers will close your account - they only want losers. When that happens, if you are good enough, then do what I did and come and play in the real markets.
  10 Sep 2007
Good articles about them in the press..... very interesting concept.
  6 Sep 2007
They manipulate prices and don't let u withdraw your money.

If you like to get f***ucked, open an account with Duka-&quot;Russian Mafia&quot;-Copy
  21 Aug 2007
Nothing bad to say.
  20 Aug 2007
This company is for professionals, not for amateurs.
  20 Aug 2007
I compare their live feed with the other major marketplace...just fantastic. I can recommand them.
  14 Aug 2007
They have a great charting facility though, one can go back to 2004 researching EUR/USD's price action. I don't work there, I just took advantage of their demo account out of curiosity. With that high minimum Ducascopy is a little out of my league.
  11 Aug 2007
A marketplace, with full transparency of trades. They are great.
  10 Aug 2007
I like their access to the Swiss FX Marketplace. You can even see in which marketplace your trade is executed, in SWFX, Lava, Cnex or Hotspotfxi. At beginning I thought it was impossible to have such a transparency, but look by yourself. The bad thing is that their execution is 200-300 ms lower, because of their decentralized liquidity. I can recommend them.
  20 Jul 2007
They are great and I recommend them to all my free signal subscribers at topforexreview.com
  12 Jul 2007
Yep thats true, when your platform crashes all the time its a very good idea to give all your clients information and trades to another broker... viva the confidentiality...morons I dare you to give out my info I'll have you closed down, whatever dukascopy saales rep wrote that is a serious halfas and reflects entirely the experience I had with this company. I fell for the cheep marketing they make and their fake reputation made on forums like this one by little indians in Bombay... The spreads are a scam, constant slippage, they are market makers ( i saw prices being manipulated because I had my friend's account open next to me ). I've had enough with these guys and will let everyone know that there wanna be platform only refreshes every 13 seconds, and they tell me that is good !!! Insane scam. there thats my evaluation.
  6 Jul 2007
Very good back up system. You can trade via other Marketplaces (Hotspotfxi, Lavafx, Currenex)in case they are down and they bring the trades into your account.
  2 Jul 2007
I totally agree with franz, so easy to notice dukas postings they just talk about marketplace and liquidity all the time while they are market makers, personnally I looked a little and saw that they are not regulated by a governement body and only audited by a local, one man wanna be auditing firm in genf. Its a bucketshop dont fall for it, they wont be around much longer.
  18 Jun 2007
Great!! but it took me 2 weeks to open the account.
  12 Jun 2007
Charts are not perfect, they do not have reverse-fibo-seq. OTherwise platform is good and there is enough liquidity.
  30 May 2007
This is all employee posting, wouldn't touch it with a 50 foot pole.
  29 May 2007
not fully perfect, but who is? all marketplaces or brokers have some good points and weak points. After 6 months trading with Dukascopy, I see their strong points and weak points. To make a long story short, I am satisfied about their exe and all features link to exe. The reports can be improved. They are the only broker I feel comfortable with, as they are fully transparent. I can advice them. Enjoy
  28 May 2007
Excellent in all areas, in liquidity, spread and service.
  25 May 2007
I've noticed that many people are sceptical about brokers offering 25 million in 1 pip spreads, all I can say is that this is certainly the case with Mandirect and Man FXClear can offer offer 1 pip spread in over 70 Million.
  22 May 2007
Thanks Paul, I am starting the Jforex API, it seems really good. What a good idea to give possibility to trade automatically in a marketplace.
  16 May 2007
For 3 months with them, good stability.
  14 May 2007
The Forex market is not a perfect world, except if you play against broker/market maker and you are losing. As soon as you are winning, you have to find a good partner, giving you access to a marketplace. For me, Dukascopy is one of the best partner. For sure, we can have slippage, reject, but they give all tools to protect us in the marketplace. I can recommand them.
  11 May 2007
I am also using Jforex API for my automatic strategy. Really good solution.
  9 May 2007
I like it. If you really understand the forex liquidity (liquidity providers vs consummers, MM vs MP, decentralized and centralized), you will see that they create an extreme huge marketplace. Their MP partners should be very satisfied.
  4 May 2007
Very good Jforex API, very usefull.
  1 May 2007
I care about execution. Pls find comments below:
Ping exe is about 600ms (vs 300-400ms in other MP)
Spread EURUSD is about 0.9 pip (vs 1.2-1.3 in other MP)
Crosses are very good.
Commission is 20 USD per 1mio USD (vs 20-30 USD in other MP)

Result: They are the biggest because they use decentralized marketplace liquidity, but as same time, their week point is ping delay. Different business modell than traditional Marketplace, but very good.
  1 May 2007
You guys are all beginners, they can say whatever they want to magazines and makeup words like SWFX technology and decentralized marketplaces BLABLABLABLA. Its all marketing to sell you crap in a nice box. Dukascopy is a bucketshop get over it.
  30 Apr 2007
They are the only one in the world to provide a decentralized marketplace. I am now starting a live account. I will keep you update on the service and exe.
  23 Apr 2007
thanks for the link. In fact, you can go to eforex website and see articles about all forex industry. Two others interesting articles about Dukascopy and the Swiss FX Marketplace. Really impressive technology. (eforex.net)
  23 Apr 2007
here is the link: forexfactory.com/showthread.php?p=112167
Dukascopy Information and Review
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 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...

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