Dukascopy Review

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Company Information Dukascopy Bank is a revolutionising online bank which finds its command centre in the city of Geneva, Switzerland. It focuses on providing trading services on both mobile applications… more

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Website URLhttps://www.dukascopy.com/
HeadquartersGeneva, Switzerland
Support Number+41 22 799 48 88
Support Emailinfo@dukascopy.com
Support TypesPhone, Live Chat, E-mail, Social Media
LanguagesEnglish, French, German, Russian, Spanish, Polish, Czech, Portuguese, Italian, Slovak, Chinese, Japanese, Arabic, Farsi
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
BonusUp to 100%
PayoutUp to 200:1
Free Demo Account Yes
Regulated Yes
RegulationSwiss Financial Market Supervisory Authority
Account TypesTrading, Current, GOLD
Deposit MethodsMaestro, Visa Electron, MasterCard, Visa, Bank Wire, Bank Guarantees
Withdrawal MethodsMaestro, Visa Electron, MasterCard, Visa, Bank Wire, Bank Guarantees
Types of AssetsForex, CFDs, Metals
ECN Broker Yes
Scalping Allowed No
Managed Yes
Lowspread No
Forex Demo Contests Yes
Forex Live Contests No
US Traders Allowed No

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Company Information

Dukascopy Bank is a revolutionising online bank which finds its command centre in the city of Geneva, Switzerland. It focuses on providing trading services on both mobile applications and the web with a specific emphasis on Forex, bullion, binaries, and CFDs. Thanks to branded technological solutions, the company is also able to offer banking and other financial services.

Veronika and Andre Duka incepted the company in 2004 in Geneva where they reside and up to this day they still possess 99% of the corporation. The Swiss Financial Market Supervisory Authority FINMA sternly oversees and regulates Dukascopy Bank – not only as a bank but also as a securities dealer.

Dukascopy Bank is the sole owner of the European licenced broker cosily settled in Riga, called Dukascopy Europe IBS AS. The Dukascopy Group principally provides its online and mobile trading services via SWFX – the Swiss Forex Marketplace – which is an ECN proprietary child of Dukascopy and a registered trademark.

Dukascopy has elaborated highly competitive currency exchange conditions on its current accounts and offers credit cards, e-banking facilities, and an ever-growing number of banking products.


Trading Information for Dukascopy

Dukascopy Bank SA takes pride in precious metal and currency trading (denoted as “Forex”) to institutional and retail customers. The trading services of Dukascopy Bank SA Forex are optimised and adjusted for professionals engaged in trading. At the Swiss Forex enterprise, any type of trading (scalping, news trading, etc.) is permitted, and there are equal quotes and liquidity for all users.

Various overnights and trading commissions apply contingent on the size of the account (Personal, Joint, and Corporate) and its monthly traded volume. Dukascopy Europe’s minimum size of deposit is $100 while the minimal size for Dukascopy Bank SA’s deposit is $5,000.

All accounts are entitled to SWFX technology and JForex API services. The FIX Api and bank guarantees are perks only for accounts that have deposits of more than $100,000. Those accounts whose deposits are over $250,000 are also eligible for Third banks custodian services. ECN accounts with a $100 minimum deposit are only accessible to Dukascopy Europe’s customers.

When it comes to lot sizes, the minimal order size that is acceptable at Dukascopy is 1,000 unites of the initial currency, 50 units (or ounces) for silver, and 1 unit (or ounce) for gold. Except for marginal requirements, available liquidity, and maximum instrument exposure, there are no limits on the maximum lot size whatsoever.


Dukascopy Trading Platforms

The trading platforms of Dukascopy Bank offers access to Swiss Forex Marketplace. They are devised to provide investors with the ability to react and act rapidly under various market circumstances. The trading panes are organised in such a way to allow users to effortlessly monitor the current market exposure, manage positions and orders, and track the development of their performance, leverage, and equity.

All Dukascopy platforms offer a huge array of trading orders, including Market, Stop, Limit, Stop Loss, Take Profit, Stop Limit, OCO, IFD, Place Bid/Offer, and Trailing Stop. There is also the functionality “Slippage Control” which permits regulating maximum price slippage on execution. The trading platforms offer two trading modes: “Hedging” and “Net Position”. The mode “Net Position” is able to show all orders for the same currency pair and for one position.

If you are into automated trading, then the JForex platform at Dukascopy is exactly for you to test and develop trading strategies on the basis of the JAVA programming language. Next to that, there is also a programming code and a built-in cross platform interface which is designed for creating custom strategies. The integrated tools for technical analysis also permit to follow positions directly from charts.


Security and Customer Services

With the ever-growing online and offline, financial instability nowadays, it is of paramount importance for individuals and businesses to have their funds safeguarded. With Dukascopy Bank, one can rely on the legendary Swiss Banking security.

In this regard, a unique feature of Dukascopy is that each and every client there is shielded up to CHF 100,000 against insolvency risks by Dukascopy Bank’s esisuisse since 2005. In the unfortunate event of a bankruptcy, all client money up to CHF 100,000 will be transferred back to him/her in a 20-day timeframe.

Additionally, Dukascopy Bank is a highly innovative tech bank that utilises high capital ratios and has a considerably low risk profile. What’s even more helpful are the relationship managers that are assigned to each and every client, thereby assisting them in any volatile situation.

The intuitive website of Dukascopy comes in English, French, Polish, Czech, Russian, German, Slovak, Farsi, Arabic, Japanese, Spanish, Chinese, Portuguese, and Italian.

Next to its headquarters in Geneva, Dukascopy Bank is a proud owner of command centres in Zürich, Riga, Moscow, Kiev, Hong Kong, and Kuala Lumpur. At the moment, more than 300 staff are delighted to call themselves employees of the Swiss entity.


Deposits and Withdrawals

The trailblazing online banking technology which Dukascopy Bank makes use of permits you to control your account 24/7 from your house’s comfort, office, or anywhere around the globe. Through it, you are capable of checking the Forex currencies and statements of your account and initiating payments via a quick and secure banking tool which is simple to use.

Besides the usual methods for deposits, including Maestro, VISA Electron, MasterCard, VISA, American Express, Bank Wire, and Bank Guarantees, as one typical Swiss firm, Dukascopy also offers premium cards, such as American Express (Personal, Gold, and Platinum – only in Swiss francs) and MasterCard (Standart, Gold, and Platinum – in Swiss francs, American dollars, and Euros).

Dukascopy’s trading accounts can be launched in various currencies, including CHF, USD, JPY, EUR, AUD, CAD, GBP, DKK, MXN, NZD, NOK, HKD, TRY, ZAR, RUB, PLN, SGD, and SEK.


Deposit Bonus and Loyalty Programmes

Honouring its 11th anniversary, Dukascopy decided to offer its respected clients the outstanding chance to obtain 100% of account’s equity. Customers can apply for this bonus throughout 30 days since their last credit on their account. To subscribe for a bonus entails conditions on traded volume that have to be achieved within 1 year after the bonus in question has been credited to the investor’s account. Bear in mind that any withdrawals from the client account in advance of the reaching the necessary traded volume will call off the bonus.

For any friend referrals who also become live trader at Dukascopy, you will acquire $100.


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