Dukascopy offers direct 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. The Swiss Foreign Exchange Marketplace (SWFX) is the technological solution for Forex trading utilizing a centralized-decentralized marketplace model. Its successful launch is the result of a close cooperation with selected banks, other institutions, Forex marketplaces and providers of technological solutions.
Dukascopy is one of the leading Forex brokers on the market and one of the few that offer direct, unlimited access to the Swiss Forex marketplace. Retail customers, investment funds, banks and institutional clients can open accounts with Dukascopy and deposit money in order to participate in the Swiss FX Marketplace. This elite company was established in 1998 and it is regulated by FINMA.
Keep in mind that Dukascopy is divided in two organizations – Dukascopy Europe and Dukascopy Bank SA. Traders can register for both services, but keep in mind that the requirements are not the same.
Platforms & Features
Dukascopy users have access to three trading platforms – JForex, SwissFX Web, MetaTrader 4, SWFX trader for iOS, SWFX Trader for Android and Java. Each one of these platforms is unique and gives you the ability to take advantage of a wide range of technical tools and statistics. As you can see, the specialists working at Dukascopy have made sure that traders wont face any compatibility issues and theyll be able to trade on all kinds of devices and operating systems.
Registering an account with Dukascopy can be a lengthy process due to the extra security measures, but at least youll know that your money is safe. The minimum deposit is $5,000 and your accounts currency can be AUD, CHF, JPY, GBP, USD, CAD or EUR.
Traders using Dukascopys services have access to 30+ currency pairs, as well as two types of commodities – Gold and Silver. Unfortunately, the spreads offered by this broker arent the best you can find, but the other features that Dukascopy offers definitely make up for the higher spreads. The most major currency pairs are included in the list, so the low number of currency pairs shouldnt worry you.
The minimum deposit required to start trading with Dukascopy is the following – $100 for an account with Dukascopy Europe and $5,000 for an account with Dukascopy Bank SA. Keep in mind that Dukascopy Bank SA has stricter requirements, so registering an account there will result in other changes such as a minimum lot size of 1,000 units.
This is one of the most reputable Forex brokers, you can find, so you can have your peace of mind while using Dukascopys services. Their support staff is available 24 hours a day; 6 days a week and you can contact them via the forums, phone or chat.
Unfortunately, Dukascopy dont have any active bonus offers at the moment.