Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage

Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage title=
3.1/5
Even if you’re an experienced trader who has been trading for years, you still might have a nagging feeling that something is missing in his portfolio.
Min. deposit
$100
Demo account
Yes
Currency
AUDCADCHFDKKEURGBPHUFJPYNOKPLNSEKTRYUSD
Supported languages
EngRus
Active
Yes
Payment Methods
Apple PayBitcoin PaymentsCredit CardDebit CardMaestroMastercardNetellerSamsung PaySkrillVisaWire Transfer
Instruments
binary optionsBondsCFDsCommoditiescryptocurrenciesForexindicesmetalsshares
Min. trade price
0.01 lots
Regulated By
FCMCFINMAJFSA
MetaTrader 4
Yes
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
Yes
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
No
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
iOS, Android & webtrader
Margin Trading
Yes
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
No
Islamic Account
Yes
Inactivity Fee
$40
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeCAC 40 Index FranceDAX GER 40 IndexDow JonesEuronextFTSE UK IndexHang SengJapan Exchange GroupNasdaqS&P 500SIX Swiss Exchange
Commodities
CocoaCoffeeCopperCottonGasolineOilPalladiumPlatinumSugar
Forex Trading
Dukascopy offers FX trading on over 60 currency pairs.
Forex GBPUSD Spread
1.1
Forex EURUSD Spread
0.1
Forex EURGBP Spread
0.9
Forex Assets
63
Crypto Spread
From 0.1
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
ADA, AVE, BAT, BCH, BTC, CMP, DSH, ENJ, EOS, ETH, LNK, LTC, MAT, MKR, TRX, UNI, XLM, YFI
Binary Options
Dukascopy offers binary options on currency pairs alongside powerful trading tools and market insights.
Expiry Times
1 minute - 1 day
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.1,
according to 451 reviews

4.5 Stars
Protrade FX
Protrade FX
stars
ca
I have been with them since 2010 over 13 years. Incoming and outgoing transfers completed without a glitch. Some tranfers have been around 10 k. Never had an issue with withdrawals recieved usually the same business day or the next. Prices are fair and orders are executed promptly if the prices hit your target or stop. I have received positive slippage some times in the amount of 40 pips or more. Most brokers will only slip you on the negative side but not the other way. Rest assured real professional broker with swiss regulation not a bucket shop. I would not trust my funds or trade anywhere else.

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Venicius Soares da Silva
Venicius Soares da Silva
stars
de
At this moment all is good and nothing to complain about. Friendly user and have a lot of videos on Dukascopy YouTube page that can help you get started. Also have a Jforex visual strategy that can help you organize and automate your strategy, be straight with your strategy and avoid the emotional behavior that can overcome your strategy when is not automated, for me helps me control the emotional part in this game. Will be super interesting when being possible to trade real stocks and buy and sell cryptocurrency. This will be a great improvement in this kind of integration.

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Marco Antonio
Marco Antonio
stars
bo
I opened my account with Dukascopy mainly to buy crypto assets and send them to my blockchain address. On May 1st, I made a transfer of USDT to my blockchain address, which is still pending. I asked why there was a delay in the transaction and they requested the following from me: To explain the reason for the transaction. (I told them that I usually save my crypto assets in the blockchain) To send a photo of me holding my debit card (I also sent them that photo) It has been 48 hours of waiting, and they are holding my crypto assets without any reason. If they do not release my crypto assets soon, I will be forced to file a complaint with the Swiss Financial Market Supervisory Authority (FINMA). I hope they release my crypto assets soon; otherwise, I will have to take further action. UPDATE Yesterday they asked me for a bank statement showing the deposits I made to Dukascopy, which I sent immediately. I am still waiting for my crypto assets to be released. It has been 72 hours and they still have not processed the withdrawal of my crypto assets. I will change this review when Dukascopy release my USDT. UPDATE Finally, my cryptocurrencies were sent. Thank you Dukascopy, I hope you improve the transaction processing speed.

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Chama Shapi
Chama Shapi
stars
zm
love the jforex4 software, it's been a game changer, especially with the Replay feature. i just find the 14 day period a little inconveniencing on the DEMO, with having to setup everything from the start. other than that, i'm loving it.

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Petrika Kyriako
Petrika Kyriako
stars
gr
I've been using JFOREX platform for many years and it's excellent in all market conditions.

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Nathan Micallef
Nathan Micallef
stars
au
I'm really surprised by the negative reviews, as my experience was really positive. I was able to open an account within two days. This included all verification etc. Although I am yet to venture into the trading elements offered by the bank, I have been very happy already.

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Content

Even if you’re an experienced trader who has been trading for years, you still might have a nagging feeling that something is missing in his portfolio. You may have tried various brokers, but none of them seemed to provide the level of service that you were looking for.

Experts traders and investors often say that trading forex is one of the most rewarding activities a person can undertake in their life. While it’s true that there are risks involved, when done properly with the right tools and strategies, the rewards can be significant.

Warren Buffet, one of the most successful and renowned investors of all time, is quoted saying “Risk comes from not knowing what you’re doing”.

This statement highlights the importance of receiving quality advice and products when it comes to trading forex. Armed with this knowledge, you can start searching for a broker who could help you get the most out of your investment.

One to consider is Dukascopy Swiss Forex and CFD Brokerage, a company that specializes in providing investors with access to cutting-edge technology, excellent customer service, and exclusive services designed to maximize their trading returns.

You may also want to check out our review on Gerchik & Co. Here is how you can start trading with one of the world’s oldest and most reliable brokers. Let’s get into the details.

Overview of Dukascopy

Overview of Dukascopy

Dukascopy Swiss Forex and CFD Brokerage is a Switzerland-based multi-asset broker that offers trading services in over 100 financial instruments.

The company’s offerings include currency pairs, commodities, stocks, indices, cryptocurrencies, ETFs and bonds. Dukascopy also has a wide range of account types that are suitable for both beginner and experienced traders.

Overview of Dukascopy

The company is regulated in several jurisdictions, including the Swiss Financial Market Supervisory Authority (FINMA) as well as the UK’s Financial Conduct Authority (FCA). Dukascopy is also one of the few brokers to offer segregated accounts, which are designed to protect client funds from counterparty risk.

Since its launch in 1998, Dukascopy has grown to become one of the most trusted and reliable online brokers in the world. The company has won numerous awards, including being named “Best Forex Broker” at the Forex Expo Awards in 2020.

Further reading

Trading Platforms

Trading Platforms

Any expert trader will say, “the best trader is the one who has the platform they are most comfortable with.”

This quote is quite common in the world of trading and it is a reminder to traders that the most important factor when picking a trading platform is comfort and confidence.

Taking into account factors such as fees, customer service, and other features, finding the right platform can make all the difference in achieving trading success. This is why getting a broker with access to the right trading tools for your needs is crucial.

For that reason, Dukascopy comes with Metatrader 4 and JForex 3 trading platforms, both of which offer a wide range of features and tools. These include sophisticated charting capabilities, automated trading strategies, technical indicators, advanced order types and real-time news feeds.

In addition to that, the JForex platform also offers algorithmic trading through its API Bridge feature. This allows users to connect to external algorithmic trading systems such as QuantConnect and TradingView. These platforms provide traders with the tools they need to make informed decisions and trade successfully.

Further reading

Account Types

Account Types

Dukascopy keeps things simple. That is why they only have two accounts: FOREX MT4 and JForex 3/ FOREX ECN Account.

Account Types

FOREX MT4

This account comes with an initial deposit of $100 and is suitable for beginner traders. It also has a leverage of up to 1:200 with fixed and variable spreads at a $1 commission. If you plan to use leverage, be sure to use it responsibly, as it comes with inherent risk.

JForex 3/ FOREX ECN Account

This account comes with an initial deposit of $100 and is aimed at experienced traders who want to take advantage of features such as algorithmic trading. It also offers variable spreads as opposed to the fixed spreads of the FOREX MT4 account.

You also get access to exclusive services, such as hedging, trailing stop, scalping, expert advisors, and a once-click trading experience to supercharge your profits.

Further reading

PAMMA System

PAMMA System

Like most established brokers, Dukascopy offers a PAMM (Percentage Allocation Management Module) system that allows investors to allocate funds to other skilled traders.

A PAMMA system is simply an automated trading system that allows investors to make money without the need for manual trading. The system is easy to use and offers multiple options for managing portfolios.

It also has powerful risk management tools so that investors can make informed decisions about where their money should go. The automated nature of this feature means traders have more time to focus on other aspects of their trading and investments.

Further reading

Supported Market Instruments

Supported Market Instruments

In addition to the Forex market, Dukascopy offers a range of other trading instruments.

Supported Market Instruments

These instruments are:

  • CFD Trading
  • Commodity Trading
  • Cryptocurrency Trading
  • Index CFD trading
  • Stocks CFDs
  • Metal CFDs

CFDS are Dukascopy’s bread and butter, offering traders access to a range of markets in one place. This makes it easy to diversify your portfolio and spread risk across different asset classes.

Further reading

Security & Regulation

Security & Regulation

As mentioned earlier, Dukascopy complies with the highest standards of financial regulation.

The company behind the broker managed to buy a Swiss Financial institution in 2004 thus giving Dukascopy the ability to provide banking services in addition to their online brokerage. Over the years, Dukascopy has been in full compliance with two top-tier jurisdictions in the world and continues to grow its portfolio of financial products.

Customer Support

When it comes to customer support, Dukascopy provides a comprehensive service.The customer support team is available 24/7 and can be contacted via phone, email, or live chat. They are also always on hand to answer any questions or queries traders may have about the trading platform.

Further reading
FAQs

FAQs

Q: Does Dukascopy come with a mobile trading app?

A: Yes, Dukascopy offers a mobile trading app for both Android and iOS devices. This allows traders to access their trading account on the go.

Q: What types of payment methods does Dukascopy accept?

A: Dukascopy accepts a range of payment methods such as bank wire transfers, credit/debit cards, and e-wallet services such as Skrill and Neteller.

Q: Does Dukascopy offer any special features?

A: Yes, Dukascopy offers a range of features including algorithmic trading tools, in-depth market analysis, a range of financial instruments and support for multiple languages.

Conclusion

That brings us to the end of our review of Dukascopy. As you can see, this broker is a great choice for traders looking to access a range of markets with low trading costs and powerful tools. The platform also offers top-tier security measures and 24/7 top-notch customer support. If you’re looking for an experienced broker with years of experience in the industry, Dukascopy is a solid option to consider.

Further reading