- Multi-currency account
- International Swaps and Derivatives Association member
- PAMM accounts
- Regulated
- Flexible trading platform
- Expert news and analysis
- No US customers
- High commissions
- Restricted leverage
- No MT4/MT5
- Withdrawal fees
- Limited Trading options
Company Information
Dukascopy Bank is a Swiss financial institution grounded in 2004. Dukascopy provides banking, online brokerage, and trading services for clients in Europe and Asia. It is oriented on offering Contracts for Difference (CFDs), Forex, binary options, and cryptocurrencies for its growing user base. Dukascopy is a regulated bank that is authorized in two tier-1 jurisdictions, making it a safe broker for forex and CFDs trading.
Markets
Dukascopy suggests 653 symbols to trade across multiple markets covering forex and CFD traders with 60 forex pairs and 593 CFDs. You can also trade cryptocurrency trading with CFDs on significant crypto assets, and non-CFD across its own launched cryptocurrencies with Dukascopy.
● CFDs
● Cryptos
● Binaries
Trading accounts
Dukascopy offers two types of current accounts, namely Multi-Currency account and Standard account. Multi-Currency Account is targeted at retail clients, with wealth below $100,000, while Standard account is targeted at clients, who intend to deposit more than $100,000.
- MULTI-CURENCY
- STANDARD CURRENT
• For private use only
• Min deposit – below $100,000
• Accounts in 23 different currencies and gold
• Virtual and plastic VISA and Mastercard cards in EUR, USD, CHF and GBP, compatible with Apple Pay and Samsung Pay
• Unleveraged investments in oil, gold, BTC, ETH, stock indices and other investments
• Account management through IOS and Android applications
• Currency exchange at inter-bank rate
• 24h/7 multi-language support via chat, phone and email
• Quarterly deposit limit
• Ability to link account to partner crypto exchange
• For private and business use
• Min deposit – $100,000+
• Accounts in 23 different currencies and gold
• Mastercard and American Express credit cards
• Personal account manager
• Account maintenance fee
Open an account
The registration is very simple with Dukascopy. All you need to do is follow those steps:
- Visit their official website
- Start the registration process
- Fill out he needed information
- Upload the verification documents
- Wait for the verification process to be completed
Minimum deposit
A minimum deposit of $1,000 is required to open a trading account with Dukascopy Bank, while the minimum deposit for European clients is $100.
Trading Platforms
Dukascope suggests its platform, which is called JForex 3. It is a desktop and web-based platform that supports both Windows and Mac and is designed for both manual and automated trading. Besides, the platform features 250 technical indicators and studies.
JForex 3 supports the mobile version as well. The app is available for both Android and iOs and providing a decent trading experience for users. Although, not all the features are available on the phone screens. For example, charts, news, Dukascopy sentiment indicators, and some other trading instruments are supported by the app. However, the auto-trader feature is available for the desktop version only.
Our verdict
After careful research, we are happy to conclude the following. Dukascopy Bank is a Swiss bank with over 16 years in business. This broker is regulated by two top-tier agencies in Switzerland and Japan. Dukascopy offers a wide range of spot forex pairs, CFDs, and precious metals for traders. Speaking about a minimum deposit, it is $1,000 but for European clients, who are allowed to open an account with only $100. Among the disadvantages, we can outline weaker customer service and a narrow offering of markets available for trading. So, before choosing a broker, just look through the main conditions it offers, and then make your decision.
Dukascopy Bank Details
Just close an Eyes and think about what’s the most important when we are going to choose the broker? Someone can say that trading terminal or number of assets, but I can’t agree. That’s important, but not the most. What the matter to a wide variety of assets if you won’t get your money? I’m with Dukascopy Bank for 1 year and I can claim that broker is fair. So my review is like this: “Dukascopy Bank is good broker with common variety of assets and Metatrader trading platform and with it you may be sure you will get your money”
The reliability of the brokerage is what I find to be of most importance. The company’s promise to execute my orders in milliseconds was something that played the great role in my decision to stick to this brokerage and to their credit, I was completely satisfied with my choice. I’m not sure that Dukascopy Bank has got the best spreads ever, but they are definitely reasonable. Considering that I don’t have to worry about endless requotes and slippages, it’s all definitely worth it. Totally recommend!
Their spreads are not the lowest I think
Quite poor support way to act with customer complaint.
I won’t blah-blah, just share my own experience – brokerage is reliable, with tight spreads and no issues. Fairly, there were some issues, but all was resolved with support service. What I don’t like, its that innitial deposits starts at 1000 dollars. I don’t care, but many of my friends don’t try Dukascopy Bank cause of this. But there are also advantage and I don’t speak about common advantages, but there are some unique features, such as economic dictionary, it’s really useful sometimes…
I think the most attractive feature of Dukascopy Bank is the speediness of their executions. The website claims it takes milliseconds and this is probably true. I didnt really count milliseconds to tell the truth 🙂 but this is how it feels for me: once you press buy or sell button – here it is, the order is executed. Along with tight spreads and 0 commission per trade it makes a great deal. I think only experienced traders will understand the importance of fast executions, but if you are a newbie, trust me, this really is important for day traders.
It is a sane broker, but I think that he can be better if add Epayments as method of payment
Dukascopy Bank is a regulated broker which is nice at first place. Secondly they’ve got no commission per trade and lightning speed executions. This is basically all I need to know of a broker to stay with them. The assets list is normal, like any other broker would have, I guess.