Dukascopy.com Review Is Dukascopy A Legit Forex Broker

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Dukascopy.com Review Visit site

About Dukascopy.com

Dukascopy is an online forex broker. Dukascopy offers the MetaTrader 4,SWFX mobile, and JForex online currency trading top platforms. Dukascopy.com offers over 40 currency pairs, CFDs, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $100
Established: 2004
Address: Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15, Switzerland
Contact: +41 22 799 4888
Regional offices:
Regulators: FINMA #
Prohibited countries:

Yes

Yes

Yes

Trading platforms: MT4, jForex
Web Trading:
Mobile Trading:
ECN:
Currencies: (40+)
Cryptocurrencies: (2) Bitcoin, Ethereum
CFD: (605+) Gold, Silver, Stock Indexes, Bonds, Oil, Other Commodities

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
PAMM:
Deposit Methods: Bank Wire, VISA, Bank Gurantees, Maestro, Neteller, Other Crypto Currencies, Skrill
Withdrawal Methods: Bank Wire

Live discussion

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Dukascopy.com profile provided by Dukascopy Support, Jan 16, 2020

Dukascopy is an online forex broker based in Geneva, Switzerland. Dukascopy offers the MetaTrader 4, Jforex, Web, iOS and Android online currency trading top platforms. Dukascopy.com offers over 60 currency pairs, CFDs, binaries and precious metals for your personal investment and trading options. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer.

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Consumer Reviews

Service use: Live

Good afternoon or good night for all.
Now about Banking Group Dukascopy.
A am having real account some years.
Now, my opinion.
Education support and news all are supper!
About platform, instruments for trading more then enough.
Execution of orders, buy, sell, take profit, stop loss and others orders all OK!
Last time I am trading from Mobil, all OK too.
My opinion excellent!

Thanks you for your attention.

Jan 25, 2020 – No Rating Education and support information is super!
Execution and platform are all OK.
Until l I do not have problems.

Reply by Dukascopy Support submitted Feb 10, 2020 Dear foreigner, thank you for the review! Should you encounter any issue in the future, feel free to contact our support desk support @ dukascopy.com. We will be happy to help!

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Service use: Live

Length of use: over 1 Year

Not the slightest negative thing to say about the platform : prices, orders, charts, alerts, reports & help desk,

Sep 2, 2020 – 5 Stars Excellent platform (and no useless information). Excellent trade execution. Good service.

Service use: Live

If want to trade CFD, DukasCopy the good choice.
If seeking for broker much possible reliability,
recommend InteractiveBrokers or DukasCopy.

Has a true ECN,
DukasCopy is also unusually a bank and has low risk of bankruptcy.

Service use: Live

Length of use: over 1 Year

I’ve been with Dukascopy Bank since 2020 and have never looked back.

Their secure and reliable JForex trading platform includes, in my opinion, everything what a typical retail trader needs for successful trading. Market orders and many variations of conditional orders – including BIDs and OFFERs that allow you to act as an internal liquidity provider and get better prices. Comprehensive and configurable charting package that comes with loads of indicators, some very useful order management plugins, and even price action pattern scanner. If you know just a little bit of Java, you can start building everything imaginable, making use of the simple and well-documented JForex API – or ask one of the external programmers for help. New features are added to the platform on a regular basis – just keep tabs on the “What’s new?” feed.

Your automated strategies can be deployed on their servers, closer to the market, and to save you some electricity. For more sophisticated clients, there’s even a FIX API access possibility.

I would go as far as to say that the platform should be able to cover most professionals – unless you want to make markets directly on the interbank platforms.

Their professional and kind staff will help you answer your questions and solve your issues promptly and with respect.

There’s much much more on the offer, explore menu links on their website.

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: over 1 Year

I have been with Dukascopy since December 2020. My trading style is scalping, usually 10 pips TP with 50 pip SL, on average taking around 10-15 trades/week. I have traded only regular currencies, and left positions only from monday-friday. I have started off with 18.000 EUR and funded more along the way.

Things that have or have not happened with Dukascopy:

– Always, without exception, fast and immediate withdrawal, anywhere from 1-20.000 EUR. Sometimes the money was on my bank account (i am from EU) in the same day.
– I have never experienced any slippage whatsoever on my trades
– I have been using their JForex platform and my god, that is one smooth, well structured platform that also allows server based trailing stop (which Metatrader does not)
– You have several brackets of commision automatically, so if you start off with moderate 15k or something and trade moderately, you will be moved automatically to next bracket – paying LESS commision per trade than before
– EU brokers got f*** with that 1:30 leverage directive, but with Dukascopy (Swiss broker) you can have 1:200 – while still being very regulated broker with up to 100.000 chf funds protection
– When i have deposited the funds, they have asked me about my funds origin and continually kept asking anytime i have added more money to my account. By Swiss law, they are required to keep an eye on traders, so that they do not go into debt trading and or put their entire personal wealth on Forex account. Normally, this is really great, it shows great respectance of the law, strictness and trying to protect you from yourself as a lot of people gamble away their accounts.

It is also the only reason why i have left Dukascopy. I have traded successfully for a long time, so i wanted to put more money on it. I was told directly, that taking investors money and putting it on Forex, or taking a bank loan and putting on Forex will not be accepted. If i right now, wanted to take someones 100k to trade and flip for profit, with Dukascopy, i will be prevented to do so.

In conclusion, truly great broker. I have enjoyed their services very much and they have been entirely reliable. If you are not planning to put on Forex anything beyond what you have in your own pocket, this is the best broker.

Dukascopy Review

Dukascopy

Leverage: 1:30

Regulation: FINMA

Min. Deposit: 1,000 US$

HQ: Geneva, Switzerland

Platforms: JForex, MT4

Found in: 2004

Dukascopy Licenses

  • Dukascopy Bank – authorized by the Swiss Financial Market Supervisory Authority FINMA
  • Dukascopy Europe IBS AS authorized byFCMC (Latvia)
  • Dukaspcopy Japan Co., Ltd. (Type 1 Financial Instruments Business) – authorized Kanto Finance Bureau General Manager (Kinsho) No. 2408; authorized by JFSA (Japan) Member No. 1587
  • Dukascopy Dubai authorized by DFSA (Dubai)
  • Our Review
  • Dukascopy User Reviews
  • Dukascopy News

Before the choice of the brokerage firm to trade with is done always make sure to check all the details and of course the reputation of the firm. For this reason, we assist in choices by detail review of brokers, and here is Dukascopy review for your consideration.

What is Dukascopy?

Dukascopy is a Swiss innovative online bank based in Switzerland and operating since 2004, providing online and mobile trading, banking and other financial services through developed technological solutions. The main technology used by the broker is SWFX – Swiss FX Marketplace, the Dukascopy’s ECN proprietary technological solution and registered trademark.

Dukascopy brand name fully owns Dukascopy Europe IBS AS a European licensed brokerage company based in Riga and the SIA Dukascopy Payments licensed payment and e-money company, a Type-1 licensed broker located in Tokyo operated as Dukascopy Japan. In addition to Geneva Headquarters the bank operates offices in Zürich, Riga, Kiev, Moscow, Kuala Lumpur, Hong Kong and recently opened an office in Dubai.

In addition, apart from the trading services, Dukascopy Bank provides extremely competitive conditions for currency exchange through current accounts that provides e-banking facilities, credit cards and an increasing range of banking products. This means traders are able to receive not only competitive trading solutions but enjoy banking services from the leading Swiss bank too.

As for the support provided Dukascopy Bank furnishes a range of free financial information and other resources through its website, online television, Freeserve products which is crucial for beginning traders and experienced ones as well. Its active online Dukascopy community with over 130’000 members allows to exchange trading experience, market views and strategies, as well any trader may win prizes in various contests.

Overall, the broker offers comprehensive online solutions in regards to financial investments. Throughout their active position in the industry and engagement into social activities through communities, the broker gained a reputable place in the market. Their achievements have been recognized times and times, for the last years they were honoured to receive multiple leading awards:

Even though Dukascopy seems to be a very attractive brokerage, you should always check carefully the most important trading information. With this purpose, in this review we cover the following highlights:

Is Dukascopy safe or a scam?

Dukascopy Bank is sharply regulated by the Swiss Financial Market Supervisory Authority FINMA as a bank and a securities dealer. As well due to an international presence, the bank holds authorization from FCMC regulatory in Latvia and FSA Japan, along with an authorization in Dubai by DFSA.

Specified by the nature of the Dukascopy business, processes and transactions operates definitely you as a trader can be assured of its transparent trading conditions in full compliance with the strict requirements. Therefore customers and their funds are protected by the various governmental institutions, which is a crucial factor on a positive choice towards the broker.

Dukascopy Trading Platforms

Dukascopy Bank trading platforms provide access to Swiss Forex Marketplace (SWFX), while the platforms designed to deliver quick and powerful performance under different market situations. The Dukascopy trading platform (JForex) provides an array of tools for risk management and control over the order execution. JForex recommended for manual or automated trading, since designed to combine both along with allowance to test trading strategies based on JAVA. At the same powerful manner, the platform has been developed for trade via iOS or Android devices and through JForex Web3 interface.

All platforms contain a range of trading orders, slippage control functionality that allows controlling the maximum price, as well through two trading modes “Net Position” and “Hedging” mode.

Nevertheless, the well-known trading platform MT4, appreciated by many users remains as an option for Dukascope clients. Dukascopy Bank does not provide an MT4 platform to access to Swiss Forex Marketplace (SWFX). However, customers are able to use a third party solution to connect the SWFX to an MT4 environment (third party provider’s MT4 bridge).

Dukascopy Trading Fees and Accounts

In addition to trading on Forex, precious metals and CFD (on various underlying assets), Dukascopy Bank provides a trading platform for binary options on stocks and Forex, including cryptocurrencies.

The SWFX automatically executes orders of market participants on a STP basis, thence all participants interact on an equal basis and consume the same liquidity within the ECN. The market depth monitor can be accessed by every client, provides the market structure for each currency pair. Dukascopy Bank has no dealing desk and makes no requote, all trades with no matter the size are executed automatically.

The account types vary only by the client type. Means, there is an individual account, Joint Account (designed for 2 individuals) and Corporate Account.

Dukascopy Spread

Basic spread for popular pair EUR/USD is 0.2 pips is the same for all clients, yet the added commission rates will vary depending on trading volume and balances. As an example see below comparison table, along with a snapshot of the applicable commissions.

Asset/ Pair Dukascopy Spread
EUR/USD 0.2
Crude Oil WTI 5
Gold 30
Bitcoin 60

Dukascopy Rollover

Another trading cost, which is a rollover or overnight fee is diverse by Regular, Advanced and Premium rollover policies that apply different rates that ensure higher trading turnover for client results in better conditions.

Dukascopy Leverage

Leverage levels that allow trading through multiple amounts of your account balance opening vast of opportunities yet may hide some higher risks of losing funds too. Therefore, you should carefully learn how to use it smartly. As for the Dukascopy, along with its obligations towards the regulatory requirements, the standard allowed level set by FINMA is 1:30 for Forex instruments. Yet, Dukascopy offers a generous possibility for their trader throughout the use of a specifically designed tool Dukascoin, a unique opportunity to utilize extra equity and leverage bonuses embedded directly in the heart of the Dukascoin reward programs.

Dukascopy Payment Methods

Dukascopy Bank allows opens trading accounts in 23 currencies, including in Gold (USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU and ZAR). Along with that you can fund your account by payment cards (Visa, MasterCard, Visa Electron, Maestro), wire transfers (including cheap and fast SEPA transfers in EUR), and via bank guarantees. Moreover, there is a possibility to fund in Dukascoins that allows FX/CFD traders to almost double trading margin comparing to regular funding methods. Besides that, the Dukascoin funding facility creates a unique possibility to simultaneously earn on the fixed high return of Dukascoin deposit programs.

Dukascopy Minimum deposit

Minimum deposit amount at Dukascopy is set to a 1,000$

Dukascopy withdrawal fee

As Dukascopy serves its business as a leading Swiss bank, you also able to enjoy benefits of banking while all payments can be done through Dukascopy Bank SA. In any other way, for the incoming transfers Dukascopy covers all applicable fees, yet the withdrawal of fund for outgoing transfer or withdrawal may occur the charges which are depending on the currency. E.g. the USD account will require 50$ fee for SEPA payments or 10$ for payments in Bitcoins to cryptowallets.

Conclusion on Dukascopy

The Dukascopy as a Swiss bank brings a reliable and competitive offer to the market while offering truly competitive spreads, along with general pricing and various programs that bring them to one of the best options for trading. Overall platform solution, as well the optimization of the strategy and automated trading capabilities creates powerful technical scope from the company too.

Traders of any level will find their benefit in the company. The broker’s impressive trading community with resources and research materials, as well as numerous contests that are diverse even to the trader’s hobbies. Along with great support not only by their multiple teams around the world but by plenty of research sources, diverse learning and analytical data, all in all, makes Dukascopy a very attractive broker.

Nevertheless, we will be happy to know your personal opinion about Dukascopy, which you always may share in the comment area below.

No review found.

Retail FX broker and bank Dukascopy, based in Geneva, Switzerland, has announced about the opening of its Representative Office in Dubai – Dubai International Financial Centre (DIFC). The Swiss brokerage has added one more location to its global network. The bank already has representative offices in Hong Kong, Kuala Lumpur, Moscow, Kiev and Tokyo. Dukascopy.

Switzerland-based forex bank and broker, Dukascopy, has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm. In the announcement, Dukascopy Bank cautions that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite: “Please mind that contrary.

Dukascopy Review

Overview

The largest Forex broker offers the entire complex of financial services for a trader, securing the traditional Swiss quality.

Details

Broker Dukascopy
Website URL dukascopy.com
Founded 1998
Headquarters Route de Pré-Bois 20, ICC, Entrance H, 1215 Geneva 15, Switzerland
Support Number +41-22-799-48-38, +41-22-799-48-48
Support Types Chat, telephone (including a call back from the site), e-mail
Languages English, Russian, Spanish, Polish, Portuguese, Chinese, Slovene, German, etc.
Trading Platform MetaTrader 4, SWFX
Minimum 1st Deposit $100
Minimum Trade Amount 0,1$
Bonus 2 types of bonuses
Leverage 1:300
Spread from 0.5 points
Free Demo Account Open Demo
Regulated
Regulation FINMA
Account Types Demo, Live, ECN accounts
Deposit Methods Bank transfers, credit and debit cards MasterCard, Visa, Visa Electron, Maestro, Dukascopy Payments, Dukascopy Connect
Withdrawal Methods Bank transfers, credit and debit cards MasterCard, Visa, Visa Electron, Maestro, Dukascopy Payments, Dukascopy Connect
Number of Assets 100+
Types of Assets Currency, metals, CFDs on stocks, commodities, indices, options, cryptocurrencies
Account Currency USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, ZAR
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 3/10

Full Review

And yet, is Dukascopy a scam or a decent company you can trust? We will answer this question in the detailed review of the broker.

Terms of trade with Dukascopy

The broker belongs to Dukascopy Group, the largest international group of companies, which includes Dukascopy Bank SA (Swiss innovative online Bank, working for traders around the world), Dukascopy Europe IBS AS (focused on working with private traders from the EU; is part of Dukascopy Bank SA). The secret of Dukascopy’s success lies in providing banking and financial services through the introduction of innovative solutions that make trading functional and efficient.

Choosing this broker for trading, each client receives a Forex trading account in a Swiss Bank, which is one of the most reliable and secure nowadays, as well as a unique access to advanced features of Swiss Foreign Exchange Marketplace, the largest pool of Forex ECN liquidity that use major banks, financial institutions and investors. This platform is the result of IT solutions of the company and its close cooperation with banks and financial institutions, offers to the trader institutional liquidity, instant execution of transactions. Users work directly with the market, offering it their orders, placing individual bid and offer orders, allowing them to buy and sell currencies at improved quotes. This allows users to save on spreads, conduct profitable trading for both sides.

The broker also offers other solutions that have made it an industry leader. For example, trading applications: JForex SWFX (ability to create strategies and indicators); Java SWFX (contains a large number of monitoring tools for technical analysis); web-platform SWFX (functional program with quick access, market signals, etc.); iPhone SWFX and Android SWFX (convenient mobile platforms compatible with Dukascopy TV and offering a lot of opportunities for trading at any time from around the world). It is also possible to combine SWFX and MT4 terminal using third-party solutions.

Such trading platforms of the company are convenient, have a thoughtful and intuitive interface, the function of «Gapping Restriction», which allows to limit gapping or eliminate it completely, provide fast trading in two modes «Net Position» and «Hedging». Users can take advantage of round-the-clock technical support, contact a personal manager who will help to adapt the system quickly and start making real money. The official website of Dukascopy contains a large amount of material that will be useful to any trader (about the company, trading conditions, analytics, training materials, including the popular online project Dukascopy TV, etc.).

Bonuses in Dukascopy

Each trader of the company can get two types of bonuses:

The broker offers an additional profitable bonus of 10% of the deposit amount. Traders claim the bonus within 30 days of transferring funds to the account. You can withdraw the funds if a certain trading turnover was reached within a year from the date of the bonus crediting. Check with your personal manager for detailed bonus terms and conditions.

A profitable bonus of the company will allow you to get additional funds for trading. To take part on the offer, you need to apply for a bonus within 30 days from the last deposit. You have to work bonus. Check with your personal manager information about the detailed bonus terms and conditions.

Deposit and withdrawal

Dukascopy offers a variety of possibilities for deposit and withdrawal operations. To deposit, need to sign up by broker, pass the sum to the account choosing a convenient way to transfer funds (minimum deposit – $100) from the options offered by the broker:

  • Bank transfer,
  • Credit and debit cards MasterCard, Visa, Maestro, Visa Electron.
  • Bank transfer,
  • Credit and debit cards MasterCard, Visa, Maestro, Visa Electron,
  • Dukascopy Payments (conduct transactions via mobile phone),
  • Dukascopy Connect (a convenient messenger developed by a Swiss Bank).

A trader can open an account in any of more than 20 currencies. The broker does not charge any commissions for account replenishment.

Complaints about Dukascopy

Dukascopy is one of the oldest Forex organizations and has a variety of reviews in the network, both positive and negative (truth about Forex). Among the advantages traders note the credibility and reliability of a serious broker with a reputation and reliability of the Swiss Bank, which guarantees favorable trading conditions, available deposit, accuracy of quotations, fast execution, quick withdrawal of money, high-quality flexible platforms, professional assistance of a personal manager, quick communication with technical support. Thanks to Swiss quality and safety, the company is recommended for trading. It is worth noting that there are more positive comments about the broker, which causes trust among users.

However, there are negative user reviews, which mainly relate to problems with the terminal (technical failures, freezes, rare requotes and gapping), a long verification procedure, and a long withdrawal of funds. At the same time there is an agent working on behalf of the organization on the forums in order to minimize the negative and to resolve the customers’ questions.

If we find complaints about Dukascopy, we will post it on social media. Follow us to be well informed:

Dukascopy broker regulator

The broker is licensed under the supervision of the Swiss financial Market Supervisory authority (Swiss Financial Market Supervisory Authority), the company has also received the status of a Swiss Bank with the right to provide the user with any banking services. It is worth noting that FINMA has rather stringent requirements for financial institutions, to get its regulation is extremely difficult and not all companies, including the Forex market, can do it. All representative offices of the company (European, Japanese, etc.) have the necessary licenses to carry out financial activities.

Is Dukascopy a scam?

Dukascopy is one of the oldest and experienced organizations that has been successfully providing its user with Forex services (as well as binary options) based on traditional Swiss quality for almost 20 years. The company is the undisputed leader in Europe and around the world, providing a unique opportunity to have an account in a Swiss Bank. This is largely credible, indicating that is it not a one-day broker.

There are enough references about dealing with the company in Internet, at that they are more positive aspects, which only confirms the quality of service and favorable trading conditions. There are negative comments in the Internet, but they are far fewer. At the same time, a representative of the broker works on the forum and tries to resolve the questions raised by the clients.

A separate significant advantages of the organization are a large number of its own developments: the pool of Swiss Foreign Exchange Marketplace that is used by the largest financial organizations, banks, hedge funds, brokers (for example, Alpari); all traders have a large number of platforms that have positive reviews on the network: JForex SWFX, Java SWFX, SWFX, mobile platforms (also clients can work with the usual MetaTrader 4 terminal).

Such an impressive number of developments are demanded by different financial institutions and indicate a serious confidence in the broker, and his willingness to invest significant resources in developing innovations that make the trade more comfortable and more functional, that this is definitely not a scam artist and bucket-shop, but a powerful structure, offering quality service and fulfilling their obligations on the market. The resource contains a large amount of material about the company, platforms, trading conditions, analytics and training information. The broker has a license to carry out activities (this information is also available on the website), which is a confidence point that guarantees the safety of trading.

Should we consider Dukascopy as a scam artist and a bucket shop? I guess not. For almost 20 years of successful diverse activities in the financial markets, the company proves this by being an indisputably reputable organization that fulfills its promises not only to the trader, but also to prestigious institutions. To avoid problems in working with any broker, properly work with a personal manager, specify the full information about the rules how to use the bonuses, trading features, withdrawal procedures.

Summary

The largest international Forex broker Dukascopy has been successfully operating in the financial markets for almost 20 years, ensuring the reliability and safety of Swiss quality to each client. The company is the undisputed industry leader, providing high service not only to the private user, but also to the largest prestigious financial institutions (banks, hedge funds, etc.).

Trust and positive feedback from customers about the company proves the right development strategy, which includes following the trends of online trading, the development of innovative services, favorable trading conditions. Many users recommend the company as a worthy broker, providing wide possibilities for earning real money. Dukascopy does not stop in development, proves the seriousness of intentions, so today we will not evaluate it as a scam company. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against problems.

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