|Rating||Dukascopy does not participate in the Forex Rating|
|Trading software||Java, JForex, iPhone/iPad, MetaTrader4, Dukascopy Web Platform|
|Headquartered||Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland|
Dukascopy forex broker has been operating on the international financial markets since 2000. forex dukascopy is a Swiss regulated Brokerage House. The company offers its customers unique access to the first Decentralized Marketplace in the world, joining the best liquidity of centralized marketplaces and a large number of international banks. Dukascopy services and products are regulated by FINMA. The broker’s main office is located in Geneva, Switzerland. Besides, there are sales offices and representative departments in many large cities of the world.
Broker dukascopy offers a trader a range of advantages including premium customer support, the safeness of customers’ funds, advanced trading techniques and solutions. The brokers trading software is Java, JForex, iPhone/iPad, MetaTrader4, Dukascopy Web Platform available for mobile devices and desktop trading. Besides trading currency pairs the broker offers other assets such as precious metals. The depositing and withdrawal are available through such payment systems as Wire Transfer, Bank Guarantees, Custodian Banks, Credit Card. The trading accounts can be opened in the currencies EUR, USD, GBP, JPY, CHF.
The broker’s clients have access to the largest pool of interbank spot forex liquidity available for banks, hedge funds and institutions which makes trading much more effective. To ensure the customer’s accounts safeness the broker provides highly secured connectivity through PIN codes, fix IP-addresses authorized list, https connection, and case-sensitive login password. The slippage control and the absence of reqoutes are the additional advantages of the broker.
On the company’s profile page of this website you can write a review about your personal trading experience with the broker as well as read the reviews by other traders.
Dukascopy Trading Information 2021
|Address||Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland|
|Free phone||41 22 799 4888|
|24 hour support|
|Sponsorship contests, competitions|
|24 hour trading|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||0.5-1|
|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, MetaTrader4, Dukascopy Web Platform|
|Copy Trading Brokers|
|Bitcoin Forex Brokers|
Dukascopy Reviews and Comments
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.
JohnTrades 20 Nov 2019 Reply
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.
Paul A. 9 Sep 2019 Reply
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.
Alexandr 4 Jul 2019 Reply
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.
Markus 3 Jul 2019 Reply
Why Should Anyone Trade with Hotforex
HotForex is continuously establishing its position as a market leader and offers great trading conditions and competitive advantages to its clients which include, but are not limited to: tight spreads from as low as 0.1, flexible leverage options, top fund security measures, multiple account types, free educational resources, access to daily market analysis and many more!
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 16 May 2019 Reply
@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!
Angel_MC 11 Feb 2017 Reply
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.
Randall 22 Jun 2016 Reply
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.
E.G. 5 Jun 2016 Reply
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.
Gregory 1 Mar 2016 Reply
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.
Roman Picisan 25 Aug 2015 Reply
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