DUKASCOPY (ECN)

 

✨ DUKASCOPY BANK REVIEW

☆ DUKASCOPY REVIEW AT A GLANCE

□ Scalping Forex Broker: Dukascopy Bank (ECN)

□ Dukascopy Bank Headquarters / Regulation: SWITZERLAND | FINMA

□ Dukascopy Bank Customer Support: 24/7 via EMAIL | PHONE | LIVE CHAT | SKYPE

□ Liquidity Providers: Bank Of America, Commerzbank, Barclays, Currenex, Deutsche Bank, JP Morgan, Goldman Sachs, Citibank, and others

□ Trading Leverage: 30:1 MAX

□ Dukascopy Bank Minimum Account / Fund Methods: 1,000 USD | BANK WIRE

□ Dukascopy Bank Forex Pairs: 50+ Forex pairs plus CFD Trading

□ Dukascopy Bank Trading Platforms: JAVATRADER | JFOREX | MOBILE TRADERS

□ Trading Spreads: Minimum spread is 0.20 pip on EURUSD

□ Trading Commissions: As low as $1.0 / lot and up to $3.5 / lot

□ PAMM/MAM Accounts: MAM

□ Islamic Accounts: YES

□ API Trading: YES (MT4 SOFTWARE BRIDGE IS AVAILABLE)

□ Free Forex VPS: NO 

» Visit Dukascopy

 

🔰 INTRODUCTION TO DUKASCOPY

Dukascopy Bank, founded in 1999, is part of the Swiss Dukascopy Bank Group. It operates as a pure ECN Forex broker, providing access to top liquidity providers and offering excellent conditions for Forex scalping (tight spreads, SWFX market, JForex, etc.). The broker is regarded as highly reliable, being regulated by the Swiss Financial Market Supervisory Authority (FINMA). Each client of Dukascopy Bank is protected up to CHF 100,000.

◘ Customer Support: 24/6 via EMAIL | PHONE | LIVE CHAT | SKYPE

◘ Customer Support Languages: English, Arabic, Chinese, French, German, Japanese, Russian

◘ Dukascopy offers top liquidity via its SWFX Market by partnering with Tier-1 banks

◘ ECN liquidity (Trade 100 – 200 Mio with just one click)

◘ Equal trading rights, liquidity, and a transparent pricing environment for all Dukascopy clients

◘ Liquidity Providers include Bank Of America, Commerzbank, Nomura, Barclays, Currenex, SEB, Deutsche Bank, JP Morgan, Societe Generale, UBS, Goldman Sachs, Citibank, BNP Paribas, HSBC

 

💲DUKASCOPY BANK TRADING COST

One of the key advantages of trading with Dukascopy is the minimal trading cost. Spreads start as low as 0.25 pips on EUR/USD (typically around 0.6), and the trading commissions are very competitive. As shown in the table below, Dukascopy's trading commissions range from as low as $1 per lot up to $3.5 per lot when trading Forex currencies. The combination of tight spreads and low commissions explains why Dukascopy is considered a top choice among Forex scalpers and other day traders.

Dukascopy Trading Commissions / Per 1 MILLION USD
ACCOUNT SIZE	COMMISSIONS ON FOREX	COMMISSIONS ON CFDs
100 - 5 000 USD	35 USD	52.5 USD
≥ 5 000 USD	33 USD	49.5 USD
≥ 10 000 USD	30 USD	45 USD
≥ 25 000 USD	25 USD	37.5 USD
≥ 50 000 USD	18 USD	27 USD
≥ 250 000 USD	16 USD	24 USD
≥ 500 000 USD	15 USD	22.5 USD
≥ 1 000 000 USD	14 USD	21 USD
≥ 5 000 000 USD	12 USD	18 USD
≥ 10 000 000 USD	10 USD	15 USD

 

💻 DUKASCOPY TRADING PLATFORMS

Dukascopy Bank offers the following trading platforms for both manual and automated trading:

(1) JFOREX AUTOMATED

(2) JAVA TRADER

(3) MT4 (only via Software Bridge)

(4) MOBILE TRADING (iPhone | iPad | Android)

-Expert Advisors, Forex Scalping, and Hedging are fully allowed without restrictions.

-Dukascopy Bank Server's Time is GMT+0

 

⚙️ DUKASCOPY AUTOMATED TRADING VIA JFOREX

◘ JForex is compatible with multiple operating systems, including Mac, Windows, and Linux.

◘ A wide range of Expert Advisors (Forex Robots) are exclusively developed for Dukascopy’s JForex platform.

◘ Automated strategy visualization allows real-time monitoring of strategy execution and performance during historical backtests.

◘ Automated Forex strategies can be applied to multiple currency pairs, which is especially beneficial for historical backtesting.

◘ Historical backtesting on JForex uses real tick data, ensuring high accuracy in test results.

◘ Access to over 180 technical analysis indicators.

◘ Support for Java IDEs (Integrated Development Environments), an essential feature for developers.

◘ Full Forex market depth, based on liquidity from multiple providers.

◘ Ability to place BID and OFFER orders directly in the market, helping to reduce spread costs.

» DUKASCOPY PLATFORMS

 

🪙 DUKASCOPY FINANCIAL INSTRUMENTS

Dukascopy Bank offers a wide selection of Forex pairs, with its asset index featuring over 50 currencies. In addition to Forex, Gold and Silver are available on the spot market, along with a variety of other assets accessible through CFD trading.

Available Forex pairs include: 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.

Slippage Control Functionality

Dukascopy provides Slippage Control Functionality to help ensure minimal slippage in execution prices. This feature is not available for STOP-LOSS orders.

 

 

🧑‍💼 DUKASCOPY ACCOUNTS

◘ Trading Leverage: 30:1 MAX

◘ Minimum Deposit: 100 USD

◘ Accounts in Dukascopy Bank can be opened in USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, and ZAR

◘ Fund Methods: CREDIT / DEBIT CARDS | BANK WIRE

Table: Compare accounts

ACCOUNT SIZE	SWFX Market	JForex API	FIX API	Bank Guarantees	Custodian services
from 100 USD	YES	YES	NO	NO	NO
over 5,000 USD	YES	YES	NO	NO	NO
over 100,000 USD	YES	YES	YES	YES	NO
over 250,000 USD	YES	YES	YES	YES	YES

💰 DUKASCOPY BANK EQUITY BONUS

◘ Dukascopy Bank offers a 10% equity bonus {Note: at the time of review)

Dukascopy clients can apply for a 10% Equity Bonus within the first month after making a deposit to their account. Note that no withdrawals are allowed after the deposit. The bonus application can be submitted easily through the Dukascopy trading platform under the {Portfolio menu – My Account report}. To withdraw the 10% bonus, clients must trade a volume equal to 30,000 times the total account equity (including the bonus amount).

 

🗐 DUKASCOPY REVIEW KEY POINTS

Dukascopy Bank is a top choice for everyday traders and Forex scalpers. Here are some key points:

◘ Highly reliable Forex broker, regulated by FINMA Switzerland

◘ ECN liquidity through the unique SWFX Market

◘ Ability to trade $200 million with just one click

◘ Automated trading via the powerful JForex platform

◘ Expert Advisors exclusively developed for the Dukascopy JForex platform

◘ Mobile trading, social trading, and daily market updates

◘ Numerous competitions for Dukascopy clients (Live Trading Contest & EA Strategy Contest)

◘ $100 minimum deposit for Dukascopy Bank (Note: Dukascopy Bank requires a minimum of $5,000)

◘ Over 50 Forex pairs, very tight spreads, and low trading commissions make Dukascopy ideal for scalping

◘ JForex Strategy Contest with prizes up to $6,000 for developing profitable automated trading strategies

 

» Visit Dukascopy

□ Dukascopy Review

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