Dukascopy is an online brokerage firm with a strong reputation for providing research, unique features and tools, and competitive rates. It offers a demo account, dedicated customer service, and different types of trading platforms.
The company accepts deposits via credit cards, bank transfers, and cryptocurrency. Deposits are credited within one business day, while withdrawals may take up to 24 hours.
Features
Dukascopy offers a variety of services, including forex trading and CFDs. Their platforms are compatible with all major operating systems, and their customer service is available around the clock.
In addition, the broker offers a trading system visualizer to help traders visualize their strategies and make better decisions. They also host seminars and webinars to teach traders new techniques.
Traders can set up automated trading on Dukascopy’s JForex platform and FIX APIs, and the company provides Python script examples and how-to documentation. Automated strategies can be back-tested against historical data before they are deployed live.
A wide range of tools is available to traders on Dukascopy’s website, including a news feed from Reuters and MarketPulse and an economic calendar. In addition, the brokerage holds training seminars and runs trading contests.
The broker has been in business since 1998 and is regulated by DFSA (Dubai) F004307, FCMC (Latvia) May 2011, FINMA June 15, 2010, FSA (Japan) 2408, and ESMA. Its trading conditions are competitive, with various account types for diverse trader needs.
Platforms
Dukascopy offers a range of platforms to trade forex, CFDs, and binary options. These include JForex, MT4, and the web trader.
Traders who use these platforms can access market insights and powerful trading tools, including charts, news, live feeds, and price alerts. They also have access to a wide array of order types, which include stop-losses and take-profits.
Clients can also set up alerts to trigger via email, on-screen, audibly, or via SMS. They can also use Python script examples and FIX APIs to create automated trading strategies.
The Swiss Financial Market Supervisory Authority (FINMA) regulates the broker and has European accreditation. This ensures a high level of compliance with stricter regulations than those for Forex brokers, which means that they put their clients’ funds and safety at the forefront.
Trading conditions
Traders need to be aware of the trading conditions at their chosen broker, which is why a thorough dukascopy broker review is essential. This review will give you a clear picture of how the company operates, its fees and commissions, and what instruments they offer.
Clients should be cautious when choosing a forex broker, as the conditions can differ significantly from one provider to the next. Some brokers may provide superior customer service, while others may charge higher trading commissions and require more extensive verification.
In addition, traders should check the trading terms, including the minimum investment amount and spreads. These factors affect the performance of trading strategies and can make or break a trader’s profits.
For example, Dukascopy has a unique fee schedule that considers three criteria: net deposit, equity, and trading volume. If any requirements are too high, a trader will be charged a higher fee than the average rate for the same type of account.
Customer support
Dukascopy offers a 24-hour customer support service via phone, email, and live chat. This is a positive feature for many traders, as it provides quick responses and can help you with any problems or questions that you may have.
This broker also offers several bonus programs for their clients. These include equity bonuses, volume discounts and experience-sharing incentives.
In addition to these bonus programs, Dukascopy offers several other benefits for its clients, including free webinars, trading tools, and technical analysis. The Trading Ideas page features extensive research, including written content and charts, while Dukascopy TV provides traders with additional information about the forex market.
Deposits and withdrawals are available in most major currencies, bank wire transfers, and credit/debit cards. Bitcoin and Ethereum do not generate deposit fees but incur fees when withdrawing funds from your account.