Dukascopy Bank SA Review
Dukascopy (JForex), provides a set of instruments for risk management and control over the execution of an order. Clients can trade billions of dollars in a secure ‘one-click’ trading environment. Dukascopy Bank SA offers extremely competitive terms for currency exchange on current accounts, provides electronic banking, credit cards and a wider range of services for banking products.
Dukascopy offers traders the opportunity to trade on a single Live account :
Account currency: USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY and ZAR
Minimum deposit: Dukascopy Bank SA 1 000 USD, Dukascopy Europe – 100 USD
Available types of trading: scalping, hedging, news trading, etc.
Spread: from 0.2 points
README! Each client undertakes to pay for servicing an account, which ranges from 0 to 200 CHF annually.
Broker’s clients can use currency pairs (55), precious metals (2), commodity CFDs (4), CFDs on indices (12), CFDs on stocks, CFDs on cryptocurrencies.
The company provides direct access to the SWFX (SwissForex Marketplace) trading platform, which is designed for experienced or professional traders. Customers can choose between the following platforms:
- JForex is ideal for manual and autotrading, as well as for creating and testing personal strategies using the API service.
- Java is great for manual trading.
- Web-platform allows the trader to determine independently the frequency of updating quotes and the depth of the market.
- SWFX Trader for Apple iOS and Android
- Swiss Forex Trader HD for iPad.
If a newcomer wishes to learn more about the trading business, there are seminars and webinars available on the broker’s website. All seminars are shown on the Dukascopy TV website. The company also offers a course of training video lessons.
Some other services worth trader’s attention:
VisualJForex is an application that essentially represents a strategy builder for creation of fully automated strategies.
MT4 Liquidity Bridge allows to receive information about prices in real time, combine data from one or more consolidated client accounts, automatically executes orders.
Electronic banking is a technology that provides an opportunity to make online currency exchange on live quotes.
Each company trader can get 2 types of bonuses
1) Bonus 10%
The broker offers an additional lucrative bonus of 10% of the size of the deposit. Traders claim a bonus within 30 days after the transfer of funds to the account. Funds can be withdrawn if a certain trade turnover is reached within a year from the moment the bonus is credited. Detailed conditions of the bonus check with your personal manager.
2) Bonus 20%
Profitable bonus of the company will allow you to get additional funds for trading. To take part in the promotion, you need to apply for a bonus within 30 days since the last deposit replenishment. The bonus must be worked out. Detailed conditions of the bonus check with your personal manager.
Positive customer reviews about the company proves the right development strategy, which includes following the trends of online trading, the development of innovative services, favorable trading conditions. Many users recommend the company as a worthy broker, providing ample opportunities for making real money. Dukascopy does not stagnate, it strives to develop and improve. However, some negative feedback is also present. Clients complain about frequent technical failures, when the platform freezes and limit orders stop working, in the middle of the week the level of leverage can ‘accidentally’ get cut to the amount of its weekend value.