Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.
This Swiss broker is one of the oldest ECN brokers available to retail traders. Dukascopy was founded in 2004 and is regulated by the Swiss Ministry of Finance. It is a well-regarded Swiss institution with the ability to support custodial banking services. Dukascopy is efficient, fair and supports client privacy.
This ECN broker is a wise choice for experienced and volume traders who are looking to trade with low commissions. Ducascopy has a list of commissions for their trading services depending on the size of your account. The commission you pay also depends on the trading volume. Traders with larger accounts and larger trading volume pay less commissions. Dukascopy offers a few different choices for platforms. JForex is their standalone version of the Java based platform, although the two operate identically. The broker also offers a Web-based platform and mobile platform. There is also a third-party bridge to MetaTrader4. Dukascopy provides access to a number of currency pairs along with precious metals to be traded on the platform.
They offer support to traders via phone, email and Skype. In addition, Dukascopy’s website is active and is updated with research and analytical information that can assist novice and professional traders.
You can deposit funds to your account by wire transfer, debit or credit card. Opening a live account with this broker requires an initial deposit of $100 for Swiss residents and $5,000 for non-Swiss residents. DukasCopy offers its clients a bonus amount of 10% of the client’s account equity. A free demo account is available for traders wanting to try Dukascopy’s services.
Forex, CFDs, Binary options
Forex, commodities, Indices, Stocks
JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps
iPhone, iPad, Android
Some key features from DukasCopy include volume trading of up to $2 mil with a single with ease and regular contests where participants get awarded with real money to trade with (check the website for latest contest).
The broker is heavily regulated in Switzerland as well as internationally in various countries. The maximum leverage offered by DukasCopy is of up to 1:100. They also provide tight spreads and low commissions. They provide traders with quality analytical and research material. These resources are helpful for both novice and professional traders. It is also one of few brokers which insures depositor’s funds, in this case up to 100,000 CHF. Other trading features such as scalping and hedging are also allowed on the platform.
Although DukasCopy welcomes traders from various countries, it does not accept U.S. based traders. Also, on the downside the broker has a high minimum deposit amount for non-Swiss residents.