DUKASCOPY ECN FOREX BROKER REVIEW
Dukascopy is one of the best ECN Forex Brokers for retail tarders, offering a wide asset index and very tight trading spreads via their SWFX market. Dukascopy is ideal for intraday and automated trading.
Dukascopy Europe Corporate Info
◘ Company Name: Dukascopy Europe IBS AS
◘ Dukascopy European Offices: Dukascopy Europe maintains offices in Latvia, EU | Dukascopy Bank is domiciled in Switzerland
◘ Regulation: Dukascopy Europe is regulated by FCMC (Financial and Capital Market Commission)
◘ Foundation: Dukascopy Group was founded in 1998 and Dukascopy Europe in 2011
◘ US Clients: NO
◘ Islamic Accounts: Dukascopy Europe supports Islamic Accounts (YES)
◘ Order Execution: ECN (SWFX Market)
◘ Customer Support: 24/5 via Phone, email, and Skype
◘ Customer Service Languages: English, Arabic, French, German, Japanese, and Russian.
Dukascopy Europe Trading Info
◘ Dukascopy Europe Trading Zone: GMT
◘ Dukascopy Europe Typical Spread: 0.2 pip (EUR/USD) -plus trading commissions $10-35 per 1 million USD
◘ Trading Leverage: Dukascopy Europe's max capital leverage is 30:1
◘ Minimum account: Dukascopy Europe's minimum account is just 100 USD | Dukascopy Bank's minimum account is $5,000
◘ Account Currencies: Dukascopy Europe provides accounts in EUR, USD, CHF, GBP, AUD, JPY, CAD, AUD, HKD, PLN, and RUB
◘ Funding Methods: Bank Wire | Debit/Credit Cards | Bank Guarantees
(*) Since 2013, Dukascopy Europe accounts can be opened by scans. All can be performed by concluding a distance agreement.
Dukascopy Europe Forex Pairs
Table: Dukascopy Europe Currency Pairs
| AUD/CAD | AUD/CHF | AUD/JPY |
| AUD/NZD | AUD/SGD | AUD/USD |
| CAD/CHF | CAD/HKD | CAD/JPY |
| CHF/JPY | CHF/SGD | EUR/AUD |
| EUR/CAD | EUR/CHF | EUR/DKK |
| EUR/GBP | EUR/HKD | EUR/JPY |
| EUR/NOK | EUR/NZD | EUR/PLN |
| EUR/SEK | EUR/SGD | EUR/TRY |
| EUR/USD | GBP/AUD | GBP/CAD |
| GBP/CHF | GBP/JPY | GBP/NZD |
| GBP/USD | HKD/JPY | NZD/CAD |
| NZD/CHF | NZD/JPY | NZD/USD |
| SGD/JPY | USD/CAD | USD/CHF |
| USD/DKK | USD/HKD | USD/JPY |
| USD/MXN | USD/NOK | USD/PLN |
| USD/RUB | USD/SEK | USD/SGD |
| USD/TRY | USD/ZAR | XAG/USD |
| XAU/USD |
Dukascopy Europe Trading Platforms
◘ Platforms: WebTrader, Dukascopy Java Trader and JForex
◘ Social Trading: Dukascopy Europe provides a built-in community (YES)
◘ Mobile Trading: Dukascopy Europe offers an app for iPhone, Android, iPad
Dukascopy Review Advantages & Disadvantages
Dukascopy Europe PROS |
Dukascopy Europe CONS |
| √ Regulated by Dukascopy Bank and FCMC | X Limited funding methods |
| √ Low trading Spreads and a wide Forex asset index | |
| √ SWFX market | |
| √ Many available trading platforms including the unique JForex | |
| √ Built-in social network and a lot of options for automated trading | |
| √ Funding facilities (Bank Guarantees) |
Dukascopy Europe Final Conclusion
Owned by Dukascopy Bank and regulated by FCMC, Dukascopy Europe provides very competitive trading terms and security for clients’ funds. The available trading platforms include JForex, WebTrader, and JavaTrader, plus mobile traders for iOs and Android. JForex is a unique trading platform specially designed for automated trading that is developed in-house by Dukascopy. There are also automated trading (strategy) contests offering high prizes. The trading spreads when trading with Dukascopy are very tight starting as low as 0.2 pip on EURUSD plus very competitive trading commissions ($10-35 / 1 mil USD). Many trading tools are offered by Dukascopy for free like Market Analysis, Education, Social Trading, etc. Overall, the broker is offering state-of-the-art technology, narrow spreads, and high security of traders' funds. Dukascopy is one of the best choices for those seeking to trade Forex as professionals do.
◘ Forex Broker Review: Dukascopy Europe
FxPros.net (c)