Dukascopy Bank SA, controlled by FINMA, is a Swiss Forex handle that offers both individual retail Forex trading and binary accounts. They additionally have a broad business to the business division and give organization chances to banks, money related establishments, and customer referral rewards. Dukascopy has been around since 2004 and the organization prides itself on the security of its assets, no value controls, and rapid executions.
Commissions & Fees
Dukascopy offers one record type for FX exchanging under its Forex ECN account, where the execution strategy can differ among the organization and managing work area. While the spreads are the equivalent for all customers in the ECN account, the additional commission rates you pay will fluctuate contingent upon your exchanging volume, parity, and net stores.
Utilizing normal spreads of 0.32 pips on the EUR/USD for the US exchanging session amid Q4 2018, joined with the default commission rate of 0.70 pips round turn, the holding nothing back expense likens to 1.02 pips and is tantamount to different representatives with commission-based evaluating, for example, Saxo Bank.
Features of Dukascopy
The new Dukascopy presentation page is so chock-a-block loaded with data that while doing this Dukascopy audit, I didn't have the idea where to look first.
Notwithstanding the SWFX - Swiss FX and CFD Marketplace, which is a live value posting of the significant monetary standards, there are many different highlights to tap on and appreciate, including a progression of meetings with budgetary figures, market and industry estimates, early afternoon previews of the business sectors and substantially more. Also, there are trading thoughts on various monetary standards and different resources, convenient specialized examination and a decision of statistical surveying articles to peruse. Additionally in the agreement is a report on what's going on at Dukascopy that may hold any importance for an investor.
Dukascopy Bank SA offers cash and valuable metal trading to retail and institutional customers. It guarantees equivalent liquidity and statements for all customers. A wide range of trading is permitted, including scalping, there are diverse trading commissions relying upon the record size and month to month traded volume, and stores are ensured by the Swiss government in the measure of $100,000 per customer. The accounts at Dukascopy are recorded by the measure of cash deposit. The fundamental record begins with at least $100, the following one, $5000, trailed by the $100,000 and $250,000 accounts.
The majority of the instruments are traded on a 24-hour premise without intrusion, from the market opening on Sunday, 21:00 GMT amid Summer Time (22:00 GMT amid Winter Time) until market close on Friday, 21:00 GMT amid Summer Time (22:00 GMT amid Winter Time). The accompanying instruments have trading breaks amid the trading session. I was satisfied to see that Dukascopy offers a demo represent both Forex and binary, merchants. There is additionally an Islamic tab for supporters of Sharia laws. A fascinating element at Dukascopy is the capacity for accounts to be opened by essentially examining merchants' identifications. Stores of up to $10,000 should be possible similarly.
Trust and fund protection
Trading with a forex representative brokers can trust is critical to progress. Lamentably, forex extortion and tricks are basic in the business. To enable financial specialists to discover reliable representatives, we have made an exclusive 1-100 score (the higher is the better), which we call Trust Score. We are giving 81 trust score out of 100 to Dukascopy. Here are the causes behind it.
Dukascopy Bank SA offers client administration 6 days every week through email and telephone. Visit support is accessible amid working hours and clients can contact the organization by means of Skype as opposed to acquiring the cost of a worldwide call. I should specify that the Chat screen was to some degree annoying as it remained in general time I was doing this audit and frequently secured a significant part of the perusing material. There was no real way to close it. What's more, through their site, customers can undoubtedly present a get back to ask for and they will get a get back to form the Dukascopy client administration division.
Dukascopy offers a progression of instructive video instructional exercises that clarify the different parts of its trading stage, for leverage, managed, oversaw records. It offers live online classes on a reliable premise in a few unique dialects. Courses are in some cases accessible in various pieces of the world. While doing this survey, there were no planned courses. Dukascopy TV has around 20 unique stations with intriguing projects, for example, Market Glance, Building Blocks, Crash Dummy Dollar and that's just the beginning. The degree of their TV contributions is dumbfounding. From news to diversion, music, meetings, and significantly more, somebody keen on the monetary world could put in hours just in this area of their site. Dukascopy likewise offers others the chance to join this area into their very own sites. Dukascopy TV is even available in a few dialects.
Dukascopy Bank trading stages give access to Swiss Forex Marketplace (SWFX). There are a few unique stages. All stages bolster a wide scope of trading orders, for example, Take Profit, Stop Loss, Trailing Stop, Stop Limit, Place Bid/Offer, OCO, IFD, etc. "Slippage Control" usefulness, permits controlling greatest value slippage on execution.
There are two trading modes accessible on the stages: "Net Position" and "Hedging" mode. "Hedging" mode enables the trader to keep distinctive bearing positions for a similar trading instrument, with the likelihood to "Union" them. "Net position" mode shows all requests for a similar cash pair in one position.
The Java stage is intended for manual trading and is sorted out to at the same time show all vital trading data without trading between various windows. Likewise, brokers can profit by different specialized examination, statistical surveying devices that are coordinated into the stage and moment correspondence with a live trading help group.
The JForex stage is suggested for manual as well as mechanized trading. This stage is intended for brokers intrigued by mechanized trading as well as creating and testing trading methodologies dependent on the JAVA programming language. The fundamental usefulness and interface of the stage are like those of the Java stage. An outsider scaffold is accessible for dealers wishing to utilize the well known MT4 stage.
The organization likewise offers a web trading stage with a moment to advertise access and portable stages for Android and different cell phones. The Web Binary Trader is the binary options trading stage offered at Dukascopy and has various features of its own including foreordained payouts and dangers; in-the-cash contracts yield beginning from 70% of the paid premium and up to 90%; little trading sums beginning from as low as USD 1 and no commissions or concealed charges. In spite of the fact that Dukascopy doesn't give direct access to the prominent Metatrader4 stage, they do enable the network to that stage through outsider suppliers.
Trade in cellphone
Check out here what they accept.
Dukascopy bonuses and promotions
The bonus and promotions at Dukascopy are unending, however quite possibly they can change at any minute because of fixing guideline around the world. Throughout the years the business has offered various open doors for merchants, from 10% bonus to 100% bonuses, and we suggest that you look at the site yourself to perceive what their present offers are. Live customers are urged to share their Dukascopy trading wisdom with their companions. Should an alluded companion become a live merchant with Dukascopy Bank, the account holder will appreciate a 100% rebate for a future trading commission until everything of the rebate (100 USD) is come to. The commission discount will be credited once a day beginning from the minute the alluded companion has played out the primary trade.
Promotions at Dukascopy at the season of this audit incorporated a month to month rivalry among merchants with $16,000 quarterly prizes and the Signal Provider Grand Prix where $11,500 is given out on a quarterly premise to dealers who demonstrate the best and most predictable trading results for that period. The Trader of the Year competitions pays out $5000 quarterly to brokers with the most noteworthy month to month normal productivity for in any event a half year and there is a Social (Mirror, Signal) Trading Contest for fruitful speculators who duplicate trades of the best Signal Providers. $2000 is given out month to month.
There are considerably progressively fun challenges yet they are too various to even think about listing. Be that as it may, I can't resist referencing the Miss Dukascopy contest where young ladies from everywhere throughout the world can contend. This contest rates insight and information just as looks and the champ gets an astounding $350,000! Right now, the Dukascopy site publicizes a contenders' prize pool of more than two million dollars. bonus
In view of Dukascopy's financial history, it can offer a large group of features that are regularly inaccessible with other Forex or binary merchants. New dealers might be overpowered with the various features accessible after opening the main page yet everything is conveniently set up and obviously clarified. Both new and experienced merchants ought to experience no difficulty utilizing this representative. Clients can profit enormously from all the data accessible on the site before they even contribute a penny. The majority of this data is additionally accessible in a wide range of dialects to make this a standout amongst the broadest Forex sites on the planet.