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, utilising a centralised-decentralised marketplace model. Its successful launch is the result of close cooperation with selected banks, other institutions, forex marketplaces and providers of technological solutions.
| General Information about Dukascopy Bank SA | |
|---|---|
| Min. Deposit | $5000.0000 |
| Supported Languages | Arabic, German, English, Spanish, French, Japanese, Russian, Chinese (Mandarin) |
| Supported Currencies | United States Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar |
Overview
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 to participate in the Swiss FX Marketplace. This elite company was established in 1998 and is regulated by FINMA.
Keep in mind that Dukascopy is divided into two organisations – Dukascopy Europe and Dukascopy Bank SA. Traders can register for both services, but the requirements are not the same.
| Regulator | Licence |
|---|---|
| ASIC (Australia) | Yes |
| FMA (Austria) | Yes |
| FSMA (Belgium) | Yes |
| IFSC (Belize) | Yes |
| FSC (British Virgin Islands) | Yes |
| BNB (Bulgaria) | Yes |
| FSA (Denmark) | Yes |
| DFSA (Dubai) | Yes |
| FSA (Estonia) | Yes |
| FSC (Mauritius) | Yes |
| AFM (Netherlands) | Yes |
| FINMA (Switzerland) | Yes |
| Instrument | Spread |
|---|---|
| EUR/USD | 0.40 |
| GBP/USD | 1.20 |
| USD/JPY | 1.10 |
Platforms & features
Platforms |
PC / MAC |
Smartphones |
Tablets |
|---|---|---|---|
| MetaTrader 4 | |||
| JForex | |||
| SwissFX Web |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, JForex, SwissFX Web |
| Demo Account | |
| Hedging | |
| Scalping | |
| Retirement Account | |
| US Traders | |
| Arabic Traders | |
Dukascopy users have access to three trading platforms – JForex, SwissFX Web, MetaTrader 4, SWFX Trader for iOS, SWFX Trader for Android and Java. Each 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 at Dukascopy have ensured that traders won’t face any compatibility issues and will 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 you’ll know that your money is safe. The minimum deposit is $5,000 and your account’s currency can be AUD, CHF, JPY, GBP, USD, CAD or EUR.
Trading assets
Traders using Dukascopy’s services have access to 30+ currency pairs, as well as two commodities – gold and silver. Unfortunately, the spreads offered by this broker aren’t the best you can find, but the other features that Dukascopy offers definitely make up for the higher spreads. Most major currency pairs are included in the list, so the low number of pairs shouldn’t worry you.
| Market | Leverage |
|---|---|
| Currencies | 100 |
| Brand | Minimum | Fees | Processing Time |
| $200 | 1.2% | 1-2 business days | |
| $200 | 1.2% | 1-2 business days | |
| $200 | 1.2% | 1-2 business days | |
| $200 | 2.5% | 1-2 business days | |
| $200 | 1 EUR or 2.5% | 1-2 business days | |
| $200 | 1.2% | 1-2 business days | |
| $200 | 1.2% | 1-2 business days |
| Brand | Minimum | Fees | Processing Time |
| $200 | 1.5 EUR + 2.5% | 3-5 business days | |
| $200 | 1.5 EUR + 2.5% | 3-5 business days | |
| $200 | 1.5 EUR + 2.5% | 3-5 business days |
Reliability
The minimum deposit required to start trading with Dukascopy is as follows – $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 peace of mind while using Dukascopy’s services. Their support staff is available 24 hours a day, six days a week, and you can contact them via forums, phone or chat.
Bonus offers
Unfortunately, Dukascopy doesn’t have any active bonus offers at the moment.
