DUKASCOPY EUROPE RATING REVIEW -Using the Formula V.4.0.
Dukascopy Europe Rating Summary
The sum of each Main Factor of the Dukascopy Europe Rating Analysis (1, 2, 3, 4)
| DUKASCOPY EUROPE RATING SUMMARY | |||
| MAX | ACHIEVED | (%) | |
| 1. Safety of Funds | 26.00% | 19.25% | 74.02% |
| 2. Dukascopy Europe Cost of Transaction | 28.00% | 23.50% | 83.93% |
| 3. Dukascopy Europe Trading-Options | 26.00% | 16.25% | 62.50% |
| 4. Dukascopy Europe Technological Efficiency | 20.00% | 17.25% | 86.25% |
| Overall Rating | 100.00% | 76.25% | 76.25% |
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Dukascopy Europe Rating Analysis
Analysis of each Sub-Factor forming Dukascopy Europe's total rating result.
| RATING ANALYSIS of DUKASCOPY EUROPE | ||||
| TOTAL RATING | 100.0% | Dukascopy Europe Broker | ||
| Weight Analysis | Factor Analysis | 76.25% | ANALYSIS | |
| 1. SAFETY OF FUNDS at DUKASCOPY EUROPE | 26.00% | RATING WEIGHT | 19.25% | Dukascopy Europe Credibility Analysis |
| 1.1 Dukascopy Europe Level of Regulation | 12.00% | FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | and MiFID = +4.0% | 12.00% | Dukascopy Europe is regulated by FCMC =8% and by MiFID=4%, Total=12.0% |
| 1.2 Dukascopy Europe Headquarters Base | 5.00% | General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% | 2.00% | Dukascopy Europe headquarters are in Latvia = 2.0% |
| 1.3 Dukascopy Europe Years in the Market | 5.00% | 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % | 2.00% | Dukascopy Europe was purchased and reformed in 2011 by Dukascopy Bank (2-5 years) = 2.0% |
| 1.4 Dukascopy Europe Segregated / Bank Accounts | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes plus Bank Guarantees = 2.0% |
| 1.5 Dukascopy Europe Web Ratings (Usage for differentiating results) | 2.00% | ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % | 1.25% | Dukascopy FPA=3.77/5.0, EarnForex 4.9/10.0, Average = 6.225 / 10.00 =1.245% |
| 1.6 (+) ADJUSTMENTS | ||||
| 1.6.1 Size Factor | 1.00% | More than 1 Million Traders = +1.0 % | 0.00% | Criteria no met |
| 2. TRADING COST at DUKASCOPY EUROPE | 28.00% | RATING WEIGHT | 23.50% | Dukascopy Europe Competition Analysis |
| 2.1 Dukascopy Europe Typical Spread on EURUSD | 8.00% | < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 7.50% | It is measured at 0.2 pip to 0.35 pip = 7.5% |
| 2.2 Dukascopy Europe Typical Spread on GBPUSD | 5.00% | < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% | 5.00% | It is measured at about 0.8 pip = 5.0% |
| 2.3 Dukascopy Europe Typical Spread on USDJPY | 4.00% | < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 4.00% | It is measured at about 0.6 pip = 4.0% |
| 2.4 Dukascopy Europe Trading Commissions | 7.00% | No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% | 3.00% | Trading Commissions Charged, $35 / $ 1,000,000 < $5 / lot = 3.0% |
| 2.5 Dukascopy Europe Deposit / Withdrawal Commissions | 2.00% | No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % | 2.00% | No Withdrawal / Deposit Commissions charged = 2.0% |
| 2.6 Dukascopy Europe Maintenance and Inactive Fees | 2.00% | No = 2.0 %, | Yes = 0 % | 0.00% | Yes, Portfolio Inactive Commissions charged = 0.0% |
| 2.7 (+) ADJUSTMENTS | ||||
| 2.7.1 Dukascopy Europe Execution | 2.00% | ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% | 2.00% | Pure ECN execution and SWFX Market = 2% |
| 3. TRADING OPTIONS at DUKASCOPY EUROPE | 26.00% | RATING WEIGHT | 16.25% | Dukascopy Europe Trading Analysis |
| 3.1 Dukascopy Europe Forex Asset Index | 8.00% | 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% | 8.00% | 47 Forex Currencies are offered by Dukascopy Europe = 8.0% |
| 3.2 Dukascopy Europe CFD and Spot Trading | 2.00% | CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% | 1.00% | Only Spot Metals Trading (Gold and Silver) |
| 3.3 Dukascopy Europe Demo / Practice Account | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes Demo Accounts are available at Dukascopy |
| 3.4 Leverage at Dukascopy Europe | 2.00% | >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% | 2.00% | Leverage at Dukascopy Europe is 200:1 = 2.0% |
| 3.5 Dukascopy Europe Bonus & Rebate | 6.00% | 0.00% | ||
| 3.5.1 Dukascopy Europe Bonus (%) | Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% | No bonus policy | ||
| 3.5.2 Dukascopy Europe Rebate (%) | Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% | There is a rebate that is incorporated on the minimum spread and thus not rated again = 0% | ||
| 3.6 Dukascopy Europe Minimum Deposit | 1.00% | Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% | 1.00% | Yes minimum deposit less than $500 = 1.0% |
| 3.7 Dukascopy Europe Fund / Deposit Methods | 2.50% | For each deposit method available = 0,5%, max = 5 methods | 1.50% | 3 Deposit Methods available (Credit Cards, Bank Wire, Bank Guarantees) =1.5% |
| 3.8 Dukascopy Europe Fund / Withdrawal Methods | 2.50% | For each withdrawal method available = 0,5%, max = 5 methods | 0.50% | 1 Withdrawal Method available (Bank Wire) =0.5% |
| 3.9 (+) ADJUSTMENTS | ||||
| 3.9.1 Offering 100+ Currency Pairs | 1.00% | Yes = 1.0 % / No = 0 % | 0.00% | No, more than 100 assets |
| 3.9.2 Interest on Funds | 0.50% | Yes = 0.50 %, No = 0.0 % | 0.00% | No interest on Funds |
| 3.9.3 Dukascopy Europe Competitions / Championships | 0.25% | Yes = 0.25 % / No = 0 % | 0.25% | Jforex Trading Championship |
| 4. DUKASCOPY EUROPE TECHNOLOGICAL EFFICIENCY | 20.00% | RATING WEIGHT | 17.25% | Dukascopy Europe Technological Analysis |
| 4.1 Dukascopy Europe Available Platforms | 5.00% | Each Supported Platform = 1.0%, max = 5 platforms | 4.00% | 4 Trading Platforms are Available: 1) WebTrader 2) JavaTrader 3) MetaTrader4 and 4) Jforex = 4.0% |
| 4.2 Dukascopy Europe Slippage | 4.00% | Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% | 2.00% | Slippage is measured at 1.26 pips (ZuluTrade) |
| 4.3 Dukascopy Europe Automated Trading | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes Dukascopy Europe allows automated trading using Jforex (strategies from 3d parties) = 2.0% |
| 4.4 Dukascopy Europe MT4 / MT5 Availability | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes Dukascopy supports MT4 = 2.0% |
| 4.5 Dukascopy Europe Mobile Trading | 2.00% | Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices | 1.50% | Dukascopy Europe provides apps for iPhone, Android and iPad =1.5% |
| 4.6 Dukascopy Europe Scalping / Hedging Policy | 1.00% | Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % | 1.00% | Both are allowed at Dukascopy |
| 4.7 Dukascopy Europe Customer Service | 4.00% | 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % | 4.00% | Dukascopy Europe provides 24/6=0.5%, email=1.0%, Skype=1%, Phone=1%, CallBack=0.5% = 4.0% |
| 4.8 (+) ADJUSTMENTS | ||||
| 4.8.1 Dukascopy Europe PAMM / Managed Accounts | 0.50% | PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % | 0.25% | Simple Managed Accounts = +0.25% |
| 4.8.2 Dukascopy Europe API Trading | 0.50% | Yes = 0.5 % / No = 0 % | 0.50% | Yes, API trading is available = +0.5% |
Dukascopy Europe Special Metrics
These are the special metrics for Dukascopy Europe according to the three categories of trading experience. The rating results are based on the different weights of the same formula.
| DUKASCOPY EUROPE METRICS | ||
| (statistic based on sub-formulas) | MAX | RATING (100%) |
| Dukascopy Europe Overall Rating | 100% | 76.25% |
| Forex beginners | 100% | 74.58% |
| Advanced Traders | 100% | 78.07% |
| Pro Traders | 100% | 79.74% |
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