|Company :||Dukascopy Swiss FX Group|
|On-line since :||2004|
|Payment options :||Bank wire|
|Minimum account size :||$1,000|
|Minimum position size :||0.01 lot|
|Spread :||0-1 pip on EUR/USD + commission|
|Regulation :||Member of ARIF (a self regulatory financial organization).|
Dukascopy is one of the famous Forex brokers, which is at Dukascopy Bank SA. Specially developed for active traders, the Dukascopy Forex offers you a platform to trade bullions and Forex.
Dukascopy Trading have several features. The most important attractive feature is the equal rights of trading for all customers. Some services of the Forex brokers depend on the value of customer accounts. For example, if the customer has account with greater value, they can enjoy greater liquidity. On the contrary, Dukascopy Forex offers the equal rights of trading among customers. Even though your value of account is different, all clients can have the same right to trade.
Most people love the transparent pricing system in Dukascopy support. All the clients can access to the same pricing platform, enjoying the same liquidity. Customers are always satisfied with the 100% transparent, making their account available at all time.
In order to linkage between the MT4, Dukascopy Trading offers a simple plug-in for the existing trading platform. With the plug-in, trading signals from MT4 can be instantly transferred to platform in Dukascopy Trading, executing the transferred signals. Having the plug-in, customers shall be free to trade in any platforms they preferred.
Customers always love the investment security from the Dukascopy Forex. The Dukascopy Bank obtains a banking license, subject to the supervision of the Swiss Financial Market Supervisory Authority (FINMA). The Swiss Federal Banking Act regulated that, in case of bankrupt of banks, customers can enjoy up to 10 million Swiss francs in the deposit protection scheme. For example: if a customer account has $ 200,000 (or the equivalent in Swiss francs), he can enjoy the maximum of 10 million Swiss francs in compensation in bank bankrupt; if B customers open an account of $ 80,000 (or the equivalent in Swiss francs), he can enjoy the compensation according to account funds. After obtaining a banking license, the customer deposits will be added to the deposit protection scheme. Clients’ trading funds are then protected.
Since Dukascopy Bank SA is regulated by FINMA, customers must present the identity information in accordance with Swiss law. Identity documents can be notarized by the notary office, or with the same rights as the official organizations. Documents can also be notarized by authorities such as the police, the courts, the consulate or well-known bank.
Clients need to submit the original documents with signature, identity documents and proof of address files (water, electricity, or bank receipt) to the Swiss headquarters. Therefore, the Dukascopy Review is not easy to open the accounts. If the value of account below certain limit, only people from Swiss can open such account in the Dukascopy Bank SA. Therefore, the accounts from the Dukascopy Bank SA have high minimum deposit limit and difficult opening process.
In addition, some customers complained that the transaction platform reacts slowly. Without faster response, they might fail to do transactions for golden investment opportunities.
Although the opening account process is complicated, the investment security is higher than expected, which only the Dukascopy Trading can offer to you.