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 a technological solution for Forex trading, utilizing a centralized-decentralized marketplace model. Its successful launch was 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. The company was established in 1998 and is regulated by FINMA.
Keep in mind that Dukascopy is divided into two organizations—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 several trading platforms, including JForex, SwissFX Web, MetaTrader 4, SWFX Trader for iOS, SWFX Trader for Android and a Java-based platform. Each platform is unique and allows traders to use a wide range of technical tools and statistics. Dukascopy’s specialists have ensured that traders will not face compatibility issues and can trade on virtually any device and operating system.
Registering an account with Dukascopy can be time-consuming because of the additional security measures, but you can be confident that your funds are secure. The minimum deposit is $5,000, and your account currency can be AUD, CHF, JPY, GBP, USD, CAD or EUR.
Trading Assets
Traders using Dukascopy’s services have access to more than 30 currency pairs, as well as two commodities—gold and silver. Although the spreads offered by this broker are not the most competitive, the additional features Dukascopy provides offset the higher costs. Most major currency pairs are included, so the limited selection should not be a concern.
| 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 imposes stricter requirements, so registering there results in other conditions, such as a minimum lot size of 1,000 units.
Dukascopy is one of the most reputable Forex brokers available, so you can have peace of mind while using its services. Support staff are 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.
