Dukascopy what you should know
Dukascopy offer two ways to trade: Social Trading, Binary Options.
With Dukascopy you will need a minimum deposit of $5000. You can sign up for a demo account to acquaint yourself with Dukascopy platform.
Dukascopy are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Dukascopy safe?
When choosing a broker like Dukascopy the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 1998, and in operation for 21 years Dukascopy have a head office in Switzerland.
Dukascopy is regulated. This means Dukascopy are supervised by and is checked for conduct by the FINMA & FSA regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Dukascopy, this will be honored. If Dukascopy violate any regulatory rules their regulated status could be stripped.
Any payments funded to Dukascopy accounts by traders are held in a segregated bank account.
For added security Dukascopy use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with Dukascopy. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit Dukascopy
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Dukascopy General Fees
- Dukascopy doesn't charge withdrawal fees
- Dukascopy does charge inactivity fees
Dukascopy Commissions
- Dukascopy does charge commission on CFD shares
What can you trade with Dukascopy?
You can trade a wide variety of instruments with Dukascopy over 100 instruments infact.
If you are looking at trading currency pairs Dukascopy offer over 15 currency pairs.
Compare Dukascopy with Interactive Brokers and XTB below.
| FX / Currencies | Dukascopy | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 15 | 10 | 50 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | ||
| Exotic forex pairs | Yes | ||
| Cryptocurrencies | No | No | Yes |
| Commodity CFDs | Dukascopy | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | Dukascopy | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes |
|
Dukascopy's
Instruments |
IB's
Instruments |
XTB's
Instruments |
Trading on Dukascopy web platforms and other applications
Dukascopy offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
Dukascopy also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See Dukascopy's platformsDukascopy Trading benefits :
- Allows scalping
- Allows hedging
- Offers STP
Dukascopy Trading Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- ECN account
- Islamic account
Can I try Dukascopy before I buy?
Dukascopy offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding methods do Dukascopy accept?
Dukascopy offer the below funding payment methods. learn more about Dukascopy
- Credit cards
- Bank Transfer
How can I start trading with Dukascopy?
When opening a trading account with Dukascopy, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Dukascopy trading platforms here.
Performing trades with Dukascopy
Dukascopy allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Dukascopy offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Dukascopy offer margin up to 0.01% on currencies.
Support at Dukascopy
Dukascopy support a wide range of languages including Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish
Dukascopy have a triple AAA grade support rating because they offer a wide range of languages, live chat, phone and email support.
What you will need to open an account with Dukascopy
As Dukascopy is regulated by FINMA & FSA, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Dukascopy's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Dukascopy you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.dukascopy.com/ on 12th August 2018.
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DUKASCOPY Frequently Asked Questions
Can I try Dukascopy before I buy?
Dukascopy offer a demo account so you can try before you put down and payment. Learn more here
What funding methods do Dukascopy accept?
Dukascopy offer the below funding payment methods accept Credit cards, Bank Transfers, among other payment methods. Learn more here
How can I start trading with Dukascopy?
When opening a trading account with Dukascopy, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Dukascopy trading platforms here.
Is my money safe with Dukascopy?
Dukascopy is regulated by FINMA & FSA. One of the most important criteria for traders when choosing a broker like Dukascopy is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Dukascopy, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.