Comments on: Dukascopy Review

By: Stark

Stark — Sun, 18 Dec 2011 22:17:46 +0000

Sorry, I forget to give my 5 star:)

By: Stark

Stark — Sun, 18 Dec 2011 22:16:14 +0000

As I see it spent more than 1 year from the last comment and some thing is changed in Dukascopy. First of all not anymore just a good broker, good BANK too! Some weeks ago they start the new “saving account” service which is a typical swiss bank account.

And now they are more safety as bank than ever was. I think it’s a very important information because many people choose them for security reason. You know swiss bank=full safety.

The other service which wasn’t publised is the managed account. I have a managed account at Dukascopy Bank (managed by Perfecto FX) and they have 5 star customer service like the other swiss banks. All managed account are 100% separated with own IBAN number.

By: Mathe Szabolcs

Mathe Szabolcs — Wed, 08 Dec 2010 01:35:10 +0000

I want to give 10 for they in a scale of 1-5

By: Mathe Szabolcs

Mathe Szabolcs — Wed, 08 Dec 2010 01:33:33 +0000

Unbelievable, but:
Ducascopy’s min account is 1000 usd now, not 50000 as a few years before.
The minimum trade size is 1 microlot (= 1000 units) !!!
So practically they become an ideal retail forex brokers for me, and not Market Maker, but ECN.
A very big difference for me.

Leverage only 1:100, but if is available to trade micro lot too, than who cares about (high)leverage…I will use still around 1:10-1:20 That is why I am moving from Oanda to they.

I think still Oanada is the best MM broker or if you have under 1000 usd, and if you don’t want to trade at news releases,( than they have 10 pip spread, else usually 0.9 on EUR/USD). At ducascopy demo account I see variable spreads, but on EUR/USD , after NY and London close is around 1-1.2 Pip now ( at Oanda 1.2 now)

I am not interested of the platform type, because in 2-3 weeks practice I can press 2-3 button in any king of platform and I can use any other preferred platform for analyse, but I care about the execution time, slippage, spread and they politics vs traders (scalpers).

I can’t give yet a reviews about the live accounts

By: Oswaldo Swanick

Oswaldo Swanick — Tue, 30 Nov 2010 02:17:11 +0000

Important data and Terrific design you got here! I would like to thank you for sharing your thoughts and time into the things you post! Thumbs up

By: olivia

olivia — Tue, 25 Aug 2009 10:51:55 +0000

ECN brokers are far and few, and when they come its great stuff.

By: Ronald

Ronald — Sat, 22 Aug 2009 19:35:16 +0000

I’ve been trading at them for half year. And since then I had no big problems, all other was fastly resolved by Dukascopy support. Yes, the technology they use is quite difficult, but after few days you can enjoy the data that is available.

The other thing I enjoyed very much – they have many IB which started a war who will give highest rebates. I started with forextradingchoice.com and now my profit rate is much higher.

By: pamela

pamela — Mon, 17 Aug 2009 09:11:45 +0000

Dukascopy is a big ticket trading platform. I tried the demo and setting it up wasn’t difficult. I discovered they were ECN kind of broker charging commissions on trades effected. Commissions I was told was $20 for every USD 1 million traded. As I was with demo platform the question of commissions also didn’t arise. But I felt even with the demo, that they were totally different kind of broker.

I couldn’t of course open a real account with them as it meant putting in $50,000 at one go at the minimum. That surely puts it beyond the reach of curious forex traders! Not many would want to start off with that kind of money. With the demo you can trade several currency pairs and hedge as well. Leverage offered is 100:1 and spreads are variable. For majors spreads are in the range of 0.5 to 1 pip but could climb to 4 pips or so when market gets volatile.

The trading platform was meta trader 4 with trailing stops, but yes, there wasn’t any option for mobile trading. I checked up with them, and they told me that was there was no mobile option in real platform too. But you can choose between web and java platform, but that’s when you go in for the real account. Charting, technical analysis and streaming news are all top class.

As I said at the outset, this is a big ticket trading platform, meaning it is for the big guys in forex trading who would be trading in hundreds of thousands of dollars in an absolutely secure one-click trading environment. May be if you are working in the forex dealing desks of major banks and financial institutions you should try out Dukascopy. Its got everything that an ECN broker should have and much more!