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Dukascopy

Tradomatix TrustScore™:

3.28

(292 Reviews)

5-star

46.23%

4-star

14.04%

3-star

4.11%

2-star

2.74%

1-star

32.88%
Replied to 78.57% of reviews
Typically replies within 134.35 hours

About Dukascopy

Dukascopy offers multi-asset trading through JForex, MetaTrader 4 via bridge, and proprietary web and mobile platforms. The product set spans 17 currency pairs alongside stocks, options, indices, commodities, shares, and CFDs. Leverage is available up to 1:200 with variable spreads and commission-based pricing. Dukascopy Europe IBS AS is an EU-licensed investment brokerage company fully owned by Dukascopy Bank SA in Switzerland. Under a White Label Agreement with Dukascopy Bank SA, clients access the Swiss Foreign Exchange Marketplace on the same conditions as the bank’s clients. The broker supports swap-free accounts and provides a demo environment for testing strategies, with order functionality that includes OCO. Execution combines ECN and STP models and accounts can be opened in multiple currencies. This framework suits discretionary and algorithmic workflows, with API availability and MT4 connectivity for automated strategies, while mobile and browser-based access supports monitoring and management on the go.

Regulation & Security

Dukascopy operates under European and Swiss oversight. Dukascopy Europe IBS AS holds EU investment brokerage licensing and is 100% owned by Dukascopy Bank SA. Regulatory supervision covers Latvia through the Financial and Capital Market Commission (FCMC) and Switzerland through the Swiss Financial Market Supervisory Authority (FINMA). Through a White Label Agreement with Dukascopy Bank SA, Dukascopy Europe provides clients access to the Swiss Foreign Exchange Marketplace on the same conditions available to the bank’s clients. This structure links a European brokerage entity with a Swiss banking institution while maintaining the stated regulatory coverage in both jurisdictions. Clients engage within a framework that combines these supervisory regimes when accessing the firm’s multi-asset offering and the ECN forex venue associated with the Swiss marketplace.

Account and Setup

Accounts support a minimum deposit of 1,000 and can be denominated in multiple currencies, including USD, EUR, GBP, CHF, JPY, NZD, CAD, DKK, SEK, PLN, SGD, HKD, ZAR, MXN, NOK, and RUB. A demo account is available for platform evaluation and strategy testing. Swap-free accounts are supported. Trading access is provided via JForex, MT4 through a bridge, and the broker’s web and mobile platforms. Order handling includes OCO, and strategies such as hedging and scalping are permitted. Pricing uses variable spreads with a commission of 0.1, and execution combines ECN and STP models. Instrument coverage includes 17 currency pairs plus stocks, options, indices, commodities, shares, and CFDs. These features allow clients to configure an account structure and platform workflow aligned with their trading approach, from discretionary to automated setups.

Funding Options

Clients can fund and withdraw via bank wire transfer, credit card, and debit card. Accounts may be opened in a range of base currencies, including USD, EUR, GBP, CHF, JPY, NZD, CAD, DKK, SEK, PLN, SGD, HKD, ZAR, MXN, NOK, and RUB, which can help align balances with a preferred currency. These methods cover traditional banking channels and card-based options suitable for most account setups.

Bot & API Compatibility

Dukascopy supports algorithmic trading via JForex with API access, enabling programmatic strategy development, testing, and deployment. MetaTrader 4 connectivity is available through a bridge, allowing the use of MT4 Expert Advisors within the broker’s environment. The platform set also includes order functionality such as OCO, which can be integrated into automated workflows. Execution combines ECN and STP models with variable spreads and commission-based pricing, aligning with the requirements of rule-based trading that depends on consistent order routing. For mobile or web-based oversight, the broker’s platforms allow monitoring and management of running strategies. These capabilities provide a pathway for both native JForex algorithms and MT4 EAs to operate within the same account infrastructure.

Trading Conditions& Restrictions

Leverage is available up to 1:200. Pricing uses variable spreads with a commission of 0.1. Execution incorporates ECN and STP models, and trading strategies can include hedging and scalping. Minimum trade size is 1,000 units, with a maximum of 25,000,000 units per order. Order functionality includes OCO. Market coverage features 17 currency pairs, as well as stocks, options, indices, commodities, shares, and CFDs. Through Dukascopy Europe’s arrangement with Dukascopy Bank SA, clients access the Swiss Foreign Exchange Marketplace on the same conditions as the bank’s clients, connecting to a large pool of ECN spot forex liquidity serving banks, hedge funds, other institutions, and professional traders. These conditions support both short-term and systematic approaches within the stated leverage, product scope, and order-size parameters.

Dukascopy Reviews

( 292 )

Dukascopy Reviews

( 292 )

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