Dukascopy Europe Review
Dukascopy Europe general information
|Founded in:||2010 year|
|Offices in the country:||Latvia|
|Minimum Deposit:||100 $|
English, Arab, Spanish, Italian, Chinese, Deutsch, Polish, Russian, French
USD, EUR, JPY, GBP, AUD, CHF, CAD, HKD, SGD
English, Arab, Spanish, Italian, Chinese, Korean, Deutsch, Polish, Portuguese, Russian, French
FCMC (Latvia) license №http://www.fktk.lv/en/market/financial-instruments-market/investment-service-providers.html?highlight=WyJkdWthc2NvcHkiXQ==
|Mobile trading:||iOS, Android|
Dukascopy Europe Forex broker description
Dukascopy Europe is a forex trader working under the dukascopy umbrella which was formed in 1998 and is 100% owned by the Swiss bank of dukascopy bank SA. A check on its progress over the years since its inception two decades ago, you can clearly see how consistent it is in performance. This has made it a popular forex trading firm with its many clients who come from every region worldwide.
To be able to execute trades on the dukascopy platform, you will need to sign up for an account to make this fruitful. Dukascopy has a variety of accounts that are designed to meet a client’s immediate needs in trading. These accounts are the demo account and the live trading account.
The Demo Account
A specially made account that has been designed to suit the needs of new clients with little or no experience in trading. The demo account will teach the clients on how to execute trades through demos that the clients will tryout by themselves. They use virtual funds in the execution of trades meaning the client will not be affected by losing trades financially.
The Live Account
The live account is the standard account type that is meant for both newbie clients and also the clients who are more experienced. The perks of this account type are as follows:
- Access to a wide range of trading instruments.
- Minimum initial deposit of $100.
- Accounts can be opened using a range of currencies such as the United States dollar, the Great Britain pound, the euro, the Australian dollar, and the Canadian dollar among many more currency units.
- Equality in prices and liquidity for all clients.
- For lots, the minimally acceptable order stands at 1000 units for the base currency being used.
- No maximum lot size limitation.
The Company. Security Of Funds.
Dukascopy is a very credible trader that has a large clientele base all over the world. This has forced it to make long-term strategies to accommodate all its clients. This is like expanding its offices so that apart from its headquarters in Switzerland, it has offices in Japan, Ukraine, Russia, Hong Kong, China, Latvia, and Malaysia. It has also made necessary adjustments to its system to accommodate various languages used by many of its clients such as Russian, Spanish, English, Arabic, Arabic, Portuguese and Chinese among many other languages.
Dukascopy Europe has a very dedicated and professional workforce that work round the clock to ensure clients’ needs are fulfilled. They will answer customer queries in time and ensure that they are content in their respective trades. The staff may also occasionally offer advisory services to the clients where the need arises.
The firm is also very credible if you are to check on dukascopy customer reviews and comments and also it licensing from the concerned regulatory bodies. This is to comply with the set rules and regulations of the territories it runs its operation from. Among the bodies that have given dukascopy a clean bill to operate include:
- Dukascopy Europe has been licensed to operate in the greater European region by the financial and capital market commission (FCMC).
Dukascopy in keeping up with the regulations set to govern its operations has made a bid to ensure clients funds safety. Clients' funds being kept safe will ensure that no disagreements that may disrupt the awesome client relationship that it has strived to create over the years and also to uphold its integrity as a credible trader. For this reasons, it has come up with measures that will safeguard these funds. Among these measures are:
- It has custody of clients' funds that are stored in a custodial account and will be released on the declaration of bankruptcy of the firm.
- Declines additional payments for negative balances.
- Exclusive capital protection by the firm.
- Slippage control to reduce the probabilities of liquidation.
Minimum Initial Deposit
The minimum initial deposit by a client to his or her account stands at $100. This is a very reasonable amount and will be used as the client’s trading base capital.
Spreads And Commissions
The spreads stand at a minimum of 0.5 pips per unit currency. No commission is charged at all.
Dukascopy, being a big name in the fore trading industry with plenty of customers, has invested in among the best trading platforms that help in the effective execution of trades. The platforms include the jforex universal trading tool, jforex web 3 instant market access and the jforex trader for the mobile platform.
The Jforex Universal Trading Tool
This is a recommended platform for both manual and automated trading and is meant for traders in need of a platform that uses the Java programming language. The perks of this platform include:
- Slippage control.
- Customizable settings.
- Technical and news analytical tools are provided.
- A multilingual interface.
- Hedging support.
The Jforex Web3 Instant Market Access
The jforex 3 instant market access is a versatile platform intended to meet the needs of all trader regardless of trading conditions or other limitations presenting themselves.
The benefits of this platform are:
- Customizable features to meet user preference.
- Has the slippage control feature.
- Multilingual feature.
- Frequent updates of its set up.
- Awesome analytical and charting tools.
The Jforex Mobile Platform
This is a downloadable application that will allow you to execute your trades through your mobile device. There are two versions one for the Android operating system and the other is meant for the ios operating system. Among the perks of this platform are:
- Multilingual interface.
- Fast execution of trades.
- Supports all network types from the edge, 3g, and 4g
- Superb analytical and charting tools.
The following are the promotions currently being offered by dukascopy.
- A 10% bonus of the account equity for all self-trading accounts.
- Refer your friend and upon his successful deposit and trading, you will be awarded $50.
Withdrawals And Deposits
Withdrawal and deposits from dukascopy is a simple process to initiate and uses various channels. These channels include bank transfer, debit or credit cards such as Visa, MasterCard and maestro and also e-payment methods such as Neteller and skrill.
Processing of these funds is fast and will take a maximum of 5 days for bank transfers. There are no transaction charges on deposits but you will incur a small fee on withdrawals.
BRIEFLY ABOUT Dukascopy Europe
In conclusion, dukascopy is a very credible trader that will provide a potential client with all the right tools required to join the forex business. Its products have been specially tendered to cater for all clients from all over the globe. I would strongly recommend this trader to anyone who wants to venture into forex trading.
Trading accounts of Dukascopy Europe
|Minimum Deposit :||100 $|
|Deposit currency :|
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
HKD - Hong Kong Dollar
SGD - Singapore Dollar
Minimum position size:
Maximum position size:
No limit лотов
Max. number of orders:
Speed of execution:
Monitoring of Dukascopy Europe's JForex account
Dukascopy Europe spreads All spreads Dukascopy Europe
Average spreadfor the past
Dukascopy Europe quotes All quotes Dukascopy Europe
Dukascopy Europe swaps All swaps Dukascopy Europe
Contacts of Dukascopy Europe
Recent customer reviews of Dukascopy Europe
Disadvantages: There are 2 groups of trading instruments in total There are commissions for account replenishment, withdrawal of funds, and a fee for lack of activity Block accounts Money is being drained
Comment: This broker blocks accounts. And the reasons for blocking are completely unclear. In the support service, the main reasons are the possibility of hacker attacks and the use of third-party software. But the blocking of the account in the company is followed by the inability to withdraw your funds. And this is already a serious problem for customers.
Advantages: Trading conditions leave positive emotions Fast execution of orders — 30 ms on average 150+ trading instruments
Disadvantages: The support service works 24/5 No cent account There are few opportunities for passive trading
Comment: A normal office, fed me for almost 6 years. But, as they say, it's time to collect stones and time to scatter stones. Unfortunately, so far the paths are diverging. The extended spread stopped giving a plus to my pipsing robot. In addition, there have been delays in the execution of orders recently. But the most unpleasant thing is when the price has gone solidly, 100 pips in the 5-sign in your direction, and a short trawl, 30 pips, is not exposed for a few seconds. Then a bounce back, and a negative result. In short, it is no longer suitable for scalping, maybe such a goal is pursued by the broker. But, anyway, thank you for the mutually beneficial cooperation. Maybe we'll see each other. The main thing is that the rules of the game are known in advance and observed, the rest depends only on us.
Advantages: Optimal trading conditions for novice traders A wide variety of financial instruments for trading: currency pairs, futures, stocks, cryptocurrencies The possibility of passive earnings is open — a system for copying transactions maximum limited risks when working with standard transactions
Disadvantages: No serious ones
Comment: Working with a broker is quite simple and convenient. The broker has a convenient and familiar MetaTrader trading terminal, a good policy of trading commissions. The broker's spread is market-based and the average for EURUSD is 0.3 points. There is also a turnover commission, which in terms of about $ 3 per lot. Non–trading commissions are not the most pleasant thing. You will have to pay as much as $ 40 for withdrawing funds to a bank account, so I recommend using payment systems if the amount is small. The technical support service solves problems quickly enough – all my requests were solved literally in an hour.