Monthly Archives: February 2021

Trade binary options on a wide range of web and mobile apps. Each comes with unique strengths that complement a variety of trading strategies. Options that offer a fixed payout based on a simple yes/no proposition. Choose a payout and our system will calculate the stake required to purchase the… Equity Bonus – Holders of self-trading accounts can claim 10% on their account equity as bonus. If you are interested, you have to apply for this bonus within 30 days of making your last deposit.

MT4 – MT4 is recommended for traders already using the platform or those who only want to trade leveraged FX. On top of plastic debit/credit cards and bank accounts, Skrill, Neteller and Bitcoin can be used. There is no minimum withdrawal, however, the cost of withdrawal can reach $50. The minimum deposit is $100 and payments incur a 1.2% to 2.5% fee. Card payments are the fastest option and are normally processed within one working day, while bank transfers can take up to two business days. Cloud storage and VPN services allow strategies to run around the clock.

JForex supports automated trading and allows trading strategies to be developed and tested in the JAVA programming language. The platform provides messages about such events as an upcoming webinar, with links to join it. JForex has a relatively large number of indicators, over 200 and supports automated as well as manual trading.

JForex 3 – An newer version of JForex optimized for quick access and fast trading. This platform is a streamlined version compared to the original JForex and does not have all the same features. Dukascopy will accept deposits in 23 global currencies, Bitcoin and gold. Foreign Exchange Fee – The base fee for foreign exchange is 1.0% of the transaction value for all exchanges less than 10,000 of the base currency. The fee for exchanges greater than 1,000,000 of the base currency are charged only 0.05%. Withdrawals Fees – Outgoing transfers are charged a fee based on the client’s base currency.

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. Depending on the Dukascopy Bank SA services used by the client, various commissions may apply. More information on commissions can be obtained from the customer support service.

Invite your friends and get rewarded for each user who opens an account with Dukascopy Bank. Dukascopy Connect 911 is a messenger with an integrated payment system from a Swiss bank. They are still primitive somehow compared to other brokers . I had an account with them , then I tried to reactivate it , the RM replied account was closed and asked me to apply for a new account qnd requested a tedious set of documents including hr letter! Dear Simone, we were unable to identify support chat conversation you are referring to in your post. Please let us know exact time and date you contacted us and we will investigate this.

Financial Services & Investing

A forex account is a trading account held by a trader with a company like Dukascopy that is primarily issued with the purpose of trading currencies. Forex broker services are also provided for institutional clients and large companies such as investment banks. The first is that all client have equal opportunity to consume or provide liquidity to the market, the second is that all clients have access to the same pricing through its single data feed. There are enough references about dealing with the company in Internet, at that they are more positive aspects, which only confirms the quality of service and favorable trading conditions. There are negative comments in the Internet, but they are far fewer.

​Dukascopy is regulated as a bank and a securities dealer by the Swiss Financial Market Supervisory Authority FINMA and as a bank also subject to stricter regulations than forex brokers in other legal jurisdictions. Dukascopy offers a total of 653 trade instruments across multiple markets covering forex and CFD traders. This platform is recommended for manual and automated trading and is ideal for those traders interested in automated trading and developing and testing trading strategies. A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies. A Forex provides traders with access to platforms that allow them to buy and sell foreign currencies.

In order to avoid similar situations in the future, the information in your post has been raised to the management and discussed with Alex. We hope that your further communication with the support desk will be more pleasant. Her deputy will receive it and provide all the necessary information to you. You can also email us any time at cs@dukascopy.com, we will gladly assist you. Credit risk – stability of the financial institution you are trading with. Dukascopy is a broker and a bank established in 2004 and holding Swiss bank license since 2010.

Dukascopy Broker Locations & Brief Description Of Regulatory Status

Low spreadsDukascopy Bank has integrated liquidity of the world’s leading foreign exchange banks and ECNs. Thanks to these numerous banks and service providers, Dukascopy Bank offers the deepest source of liquidity in the industry resulting in tight spreads. As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.

At the same time, a representative of the broker works on the forum and tries to resolve the questions raised by the clients. The broker offers an additional profitable bonus of 10% of the deposit amount. Traders claim the bonus within 30 days of transferring funds to the account. You can withdraw the funds if a certain trading turnover was reached within a year from the date of the bonus crediting. Check with your personal manager for detailed bonus terms and conditions.

Dukascopy is certainly a reliable Forex broker that offers top-notch services that are backed by legendary Swiss reliability. Dukascopy is an ECN broker that offers tight spreads at an average of 0.2 pips on currency pairs such as the EUR/USD and the USD/JPY. Of course, there is a commission of $3.5 per lot traded, which can be decreased to $2.5 per lot if a trader deposits more than $25,000 to his trading account.

Dukascopy Product Features

But because they’re one of the largest market makers, they have a unique ability to create their own ECN-like trading environment in-house. This means they have enough liquidity to facilitate any amount of trading and any style without the need of external liquidity . Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Investors also must accept that the entire amount of funds invested in crypto tokens is exposed to high risks and may be lost.

Your correspondence with the account manager will be investigated in order to check whether it complies with our standards of service. Trading conditions – size of the spread, commissions, overnights, speed of execution, leverage etc. Please note why do forex traders fail that as an electronic communication network, ECN is an automated system that matches buy and sell orders. It connects major brokerages and individual traders so they can trade directly between themselves without going through a middleman.

After the account is funded, the trader receives their login details. Striving for excellence with the main focus on technological support for brokerage businesses is a key objective binance broker review for our team. We suggest that you check out this Forex broker for yourself by clicking on this link. It doesn’t cost anything to open a 14-day demo account at Dukascopy.

FXTM Minimum Deposit

When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. The Bank is authorized and regulated by the Swiss Financial Market Supervisory Authority FINMA. Headquartered in Geneva, the Bank has representative offices in Hong Kong, Riga and Kyiv. On the secondary eur aud market, the Bank can buy Dukascoins only from MCA clients and Referrers. All deals made through the bulletin board are indicated on an online chart showing historical prices. “Out of the market” prices are filtered on the chart to avoid spikes. Each deal executed through the bulletin board is indicated on a public log of deals.

It is worth noting that there are more positive comments about the broker, which causes trust among users. Dukascopy offers a forex and CFD trading account plus a binary options trading account. Managed accounts are also available, with a Percent Allocation Management Module , customer reviews of which are positive. Dukascopy is an online forex broker based in Geneva, Switzerland.

Bank Accounts – Dukascopy.com offers a Standard (web-based) and mobile e-banking solution for its trading clients. There is no fee to open or close the account but there may be a maintenance fee if no trading or foreign exchange transactions are made in a six-month period. The broker is licensed under the supervision of the Swiss financial Market Supervisory authority , the company has also received the status of a Swiss Bank with the right to provide the user with any banking services. It is worth noting that FINMA has rather stringent requirements for financial institutions, to get its regulation is extremely difficult and not all companies, including the Forex market, can do it. All representative offices of the company (European, Japanese, etc.) have the necessary licenses to carry out financial activities.

Single-Stock CFD Trades – The commission of single-stock CFD trades is only 0.1% of the trade size in most cases. Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click ‘Complaints ‘and ‘Correction’ to inform us. To compare transaction costs across different brokers, our experts analyze the transaction-specific fees and non-trading fees . In-the-money contract yields start from 70% of the premium paid up to 90%.

This is an EU regulated ECN broker, which provides traders access to liquidity pools, for a relatively low minimum deposit of $100. It charges competitive commissions which vary depending on a number of factors, including volume traded. To trade, it provides JForex 3, an advanced trading platform with a wide range of indicators and tools, including support for automated trading as well as manual trading and additionally provides MT4. This platform is the result of IT solutions of the company and its close cooperation with banks and financial institutions, offers to the trader institutional liquidity, instant execution of transactions.

Contact Dukascopy Bank directly

2020 Soft-FX products are bundled into comprehensive solutions for FX and digital asset trading. Dukascopy Bank can add liquidity on top of liquidity provided by external counterparties. As a result, not all and every Client positions are hedged with such external counterparties. You can open three major varieties of accounts of Dukascopy Bank—MCA Account, Demo Account, and Live Trading Account. Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

The Geneva-based brokerage was founded in 2004 by Dr Andre Duka and his partner, Veronica Makarova. It serves retail clients with a license from the Swiss Financial Market Supervisory Authority . Funding to easy-forex accounts can be done with credit cards or via bank wires. For this purpose, Freemont Management SA cooperates directly with institutional brokers, whose liquidity is provided by the world’s leading liquidity providers.

FXDD Joins Dukascopy Bank SA in a White Label PartnershipUSA

Orders from clients are sent anonymously with an identifier that they are coming from Dukascopy. This helps to ensure that Interbank participants do not know the identity of the trader. Dukascopy Europe offers an access to the Swiss Foreign Exchange Marketplace. This market provides the largest pool of ECN spot forex liquidity available for banks, hedge funds, other institutions and professional traders. Regarding JForex, this is our own, in-house developed platform offering a wide range of custom settings and preferences. We’d be grateful if you could be more specific and mention exactly what according to you is missing in JForex.

At times, the broker might cover these fees for deposits, but withdrawal costs are to be borne entirely by the trader. Therefore, enquire about the costs of financial transactions before making a deposit or withdrawal, as you may lose a significant amount of money if you are not careful. Dukascopy offices are scattered across Europe and the Asia-Pacific, with its representative offices located in Geneva, Hong Kong, Tokyo, Shanghai, Kiev, Moscow, Kuala Lumpur, and Riga. Each branch entity is established as a stand-alone brokerage that has a region-specific brokerage model to suit a particular country’s specific regulatory policies. On the whole, Dukascopy offers one of the best Forex trading accounts that is loved and promoted by hundreds of thousands of clients from around the world. Dukascopy’s Swiss brokerage establishment is incorporated as a bank that is required to satisfy high minimum capital requirements to ensure that the broker does not face any insolvency issues due to the volatility in the markets.

Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. Transaction fees may be charged by partner banks that vary depending on the currency. Dukascopy is a Swiss online forex and CFD broker based in Geneva and a subsidiary of Dukascopy Bank SA, which is officially registered as a bank with the Swiss Financial Market authority. White Labels – The Dukascopy White Label service is a way for businesses and institutions to add or open FX trading services for new or existing clients. Dukascopy clients can use a comprehensive list of order types including limit orders, stop-losses, take-profits, one-cancels-other, and trailing stops.

Dukascopy was able to maintain its customers’ positions and write off all negative balances, owing to the vast reserves of funds that are kept apart for the maintenance of the broker’s operating capital. The FINMA also stipulates money protection laws that require Swiss FX brokers to deposit their clients’ trading capital in segregated accounts, which are protected by the Swiss Government for up to CHF 100,000. Therefore, all traders do get the best of protection and safety for their trading accounts, especially if they open their account through the broker’s Swiss brokerage. Dukascopy offers access to more 1500 different stocks, 100 different currency pairs, and even provides a broad range of other financial products such as binary options, CFDs, spread betting, and ETFs. Therefore, it is up to a trader to choose the financial instruments and products according to their trading preferences. The advantages of this to retail clients are speed of execution and prices .

Trust and positive feedback from customers about the company proves the right development strategy, which includes following the trends of online trading, the development of innovative services, favorable trading conditions. Many users recommend the company as a worthy broker, providing wide possibilities for earning real money. Dukascopy does not stop in development, proves the seriousness of intentions, so today we will not evaluate it as a scam company. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against problems. Users can take advantage of round-the-clock technical support, contact a personal manager who will help to adapt the system quickly and start making real money.