DUKASCOPY (ECN)

DUKASCOPY BANK REVIEW

DUKASCOPY REVIEW AT A GLANCE

□ Scalping Forex Broker: Dukascopy Bank (ECN)

□ Dukascopy Bank Headquarters / Regulation: SWITZERLAND | FINMA

□ Dukascopy Bank Customer Support: 24/7 via EMAIL | PHONE | LIVE CHAT | SKYPE

□ Liquidity Providers: Bank Of America, Commerzbank, Barclays, Currenex, Deutsche Bank, JP Morgan, Goldman Sachs, Citibank, and others

□ Trading Leverage: 30:1 MAX

□ Dukascopy Bank Minimum Account / Fund Methods: 1,000 USD | BANK WIRE

□ Dukascopy Bank Forex Pairs: 50+ Forex pairs plus CFD Trading

□ Dukascopy Bank Trading Platforms: JAVATRADER | JFOREX | MOBILE TRADERS

□ Trading Spreads: Minimum spread is 0.20 pip on EURUSD

□ Trading Commissions: As low as $1.0 / lot and up to $3.5 / lot

□ PAMM/MAM Accounts: MAM

□ Islamic Accounts: YES

□ API Trading: YES (MT4 SOFTWARE BRIDGE IS AVAILABLE)

□ Free Forex VPS: NO 

» Visit Dukascopy

INTRODUCTION TO DUKASCOPY

Dukascopy Bank founded in 1999 is part of the Swiss Dukascopy Bank Group. Dukascopy Bank is a pure ECN Forex Broker supporting its clients with top liquidity providers and offering them exceptional capabilities for scalping Forex (tight spreads, SWFX market, JForex, etc.). The broker is considered highly reliable as it is regulated by the Swiss Ministry of Economics (FINMA). Each Dukascopy Bank client is protected in the amount of CHF 100,000.

◘ Customer Support: 24/6 via EMAIL | PHONE | LIVE CHAT | SKYPE

◘ Customer Support Languages: English, Arabic, Chinese, French, German, Japanese, Russian

◘ Dukascopy offers top liquidity via its SWFX Market by partnering with Tier-1 banks

◘ ECN liquidity (Trade 100 – 200 Mio with just one click)

◘ Equal trading rights, liquidity, and a transparent pricing environment for all Dukascopy clients

◘ Liquidity Providers include Bank Of America, Commerzbank, Nomura, Barclays, Currenex, SEB, Deutsche Bank, JP Morgan, Societe Generale, UBS, Goldman Sachs, Citibank, BNP Paribas, HSBC

 

DUKASCOPY BANK TRADING COST

One of the key advantages when trading with Dukascopy is the minimal trading cost. The trading spread starts as low as 0.25 pips on EURUSD (typical 0.6) and the trading commissions charged are really tight. In the table below you may see that the Dukascopy Trading Commissions start as low as $1 / lot and up to $3.5 / lot when trading Forex currencies. By combining the tight spreads with low trading commissions we can understand why Dukascopy is considered a top choice among Forex Scalpers and other Forex Day-Traders.

Dukascopy Trading Commissions / Per 1 MILLION USD
ACCOUNT SIZE	COMMISSIONS ON FOREX	COMMISSIONS ON CFDs
100 - 5 000 USD	35 USD	52.5 USD
≥ 5 000 USD	33 USD	49.5 USD
≥ 10 000 USD	30 USD	45 USD
≥ 25 000 USD	25 USD	37.5 USD
≥ 50 000 USD	18 USD	27 USD
≥ 250 000 USD	16 USD	24 USD
≥ 500 000 USD	15 USD	22.5 USD
≥ 1 000 000 USD	14 USD	21 USD
≥ 5 000 000 USD	12 USD	18 USD
≥ 10 000 000 USD	10 USD	15 USD

 

DUKASCOPY TRADING PLATFORMS

Dukascopy Bank offers the following trading platforms for manual and automated trading:

(1) JFOREX AUTOMATED

(2) JAVA TRADER

(3) MT4 (only via Software Bridge)

(4) MOBILE TRADING (iPhone | iPad | Android)

-Expert Advisors, Forex Scalping, and Hedging are fully allowed without restrictions.

-Dukascopy Bank Server's Time is GMT+0

 

DUKASCOPY AUTOMATED TRADING VIA JFOREX

Dukascopy Bank offers automated trading via the built-in JForex. The JForex platform offers both manual and automated trading and it is based on the JAVA programming language. The main functionality and interface of JForex are similar to the Dukascopy Java platform. In addition, JForex offers a built-in cross-platform interface for the execution of custom strategies. JForex provides a full set of integrated technical analysis tools allowing clients to trade directly from their charts.

◘ JForex supports many different operating systems (MAC, Ms. Windows, Linux, etc.)

◘ Many Expert Advisors (Forex Robots) exclusively developed for Dukascopy's JForex

◘ Automated strategy visualization (visualize any trading strategy’s execution in real-time trading and during historical backtests)

◘ Automated Forex strategies on multiple Forex pairs (any strategy may be based on multiple currency pairs, especially useful when running historical backtesting)

◘ Historical back tests on JForex can use real tick data (JForex solves the problem of results accuracy by providing real tick data when running any historical backtest)

◘ Choose between 180 technical analysis indicators

◘ Java IDEs Support (IDE means Integrated Development Environment and this is an important feature for developers)

◘ Full Forex market depth (JForex offers market depth based on liquidity deriving from various liquidity providers)

◘ Place BIDs and OFFERs directly to the market (helps to avoid extra spread cost)

» DUKASCOPY PLATFORMS

 

DUKASCOPY FINANCIAL INSTRUMENTS

Dukascopy Bank offers a great variety of Forex pairs and its asset index contains 50+ currencies. There is also Gold & Silver available on the Spot and many other assets via CFD trading.

Forex Pairs include: AUD/CAD AUD/CHF AUD/JPY AUD/NZD AUD/SGD AUD/USD CAD/CHF CAD/HKD CAD/JPY CHF/JPY CHF/SGD EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HKD EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/SEK EUR/SGD EUR/TRY EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD HKD/JPY NZD/CAD NZD/CHF NZD/JPY NZD/USD SGD/JPY USD/CAD USD/CHF USD/DKK USD/HKD USD/JPY USD/MXN USD/NOK USD/PLN USD/RUB USD/SEK USD/SGD USD/TRY USD/ZAR XAG/USD XAU/USD

Slippage Control Functionality

Dukascopy offers the Slippage Control Functionality in order to provide its clients with minimum slippage on their execution price. The Slippage Control is not available on STOP-LOSS orders.

 

DUKASCOPY ACCOUNTS

◘ Trading Leverage: 30:1 MAX

◘ Minimum Deposit: 100 USD

◘ Accounts in Dukascopy Bank can be opened in USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, and ZAR

◘ Fund Methods: CREDIT / DEBIT CARDS | BANK WIRE

ACCOUNT SIZE	SWFX Market	JForex API	FIX API	Bank Guarantees	Custodian services
from 100 USD	YES	YES	NO	NO	NO
over 5,000 USD	YES	YES	NO	NO	NO
over 100,000 USD	YES	YES	YES	YES	NO
over 250,000 USD	YES	YES	YES	YES	YES

DUKASCOPY BANK EQUITY BONUS

These are two different Dukascopy Bank Promotions that may be claimed simultaneously:

◘ Dukascopy Bank offers its clients a 10% equity bonus {Note: at the time of review)

Dukascopy clients can apply for a 10% Equity Bonus during the first month after they made a credit on their account. Note that there should be no outgoing transfers (Withdrawals) after the Deposit. The application for a Bonus may be done simply from the Dukascopy trading platform {Portfolio menu – My Account report}. The required traded volume in order to withdraw the 10% bonus is equal to 30,000 multiplied by the total account equity (including the Bonus amount).

 

DUKASCOPY REVIEW KEY POINTS

Dukascopy Bank is a top choice for the everyday trader and Forex scalper, here are some key points:

◘ High-reliable Forex Broker, regulated by FINMA Swiss

◘ ECN liquidity via the unique SWFX Market

◘ Trade 200 million USD with just one click

◘ Automated Trading via the powerful JForex Trading Platform

◘ Expert Advisors exclusively programmed for Dukascopy JForex Platform

◘ Mobile Trading, Social Trading, and Daily Market Updates

◘ Many Competitions for all Dukascopy Clients (Live Trading Contest & EA Strategy Contest}

◘ 100USD minimum deposit for Dukascopy Bank (Dukascopy Bank applies a minimum of $5,000)

◘ 50+ Forex pairs, very tight spreads, and low trading commissions make Dukascopy Bank an ideal choice for scalping Forex

◘ JForex Strategy Contest (Earn a prize of $6,000 only by developing a profitable automated trading strategy)

 

» Visit Dukascopy

 

□ Dukascopy Review

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