DUKASCOPY EUROPE RATING REVIEW -Using the Formula V.4.0.
Dukascopy Europe Rating Summary
This is the sum 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
This is the detailed rating analysis of Dukascopy Europe.
| RATING ANALYSIS - DUKASCOPY EUROPE | ||||
| TOTAL RATING | 100.0% | Dukascopy Europe Forex 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.
| DUKASCOPY EUROPE METRICS | ||
| (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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