- Security of the funds
- ECN liquidity (FX, Metals, CFDs on bonds, commodities, indexes, stocks, ETFs, cryptocurrencies, Binary Options)
- Strong regulation under a Swiss banking license and by Japan’s FSA.
- Deposits accepted in 23 currencies
- Professional Proprietary JForex platforms
- Automated trading based on jForex API and FIX API
- Wide range of market research tools, trading contests, bonuses and banking services.
- 24/6 phone trading support
- Platforms: MT4, JForex
Is Dukascopy safe or a scam
Dukascopy e-Banking Account
Users can also access banking services and have a modern Swiss e-banking account linked to their mobile. This allows clients to transfer money between accounts for free, open a plastic or virtual Dukascopy card and use it for online and offline payments as well as ATM withdrawals.
Can open a multi-currency banking account even without having to open a trading account.
Note: Dukascopy does not accept clients from the Canada, Belgium and Israel.
The broker allows its clients to open current accounts and self-trader accounts in non-deliverable gold. Opening a gold account is an alternative to actually purchasing physical gold. It allows the account holder to own gold without actually having to store it and protect it. Gold account holders, however, have to pay custody fees.
Account holders cannot withdraw any physical gold from their accounts, only the equivalent value in their selected currency. If you are interested in opening a gold account, you can contact your account manager.
How to to open a Live Forex ECN CFD Trading Account
It takes three simple steps to open this Account, go to dukascopy.com
After starting the opening process by clicking on step one, users are then asked to choose the amount they would like to start trading with and what type of account they want: Individual, Joint Account or Corporate Account. The minimum deposit is $1,000.
For users wanting to deposit less they can put in their chosen amount and are then redirected to open an account with Dukascopy Europe which is an EU subsidiary of Dukascopy Bank. The Forex European account only requires a minimum deposit of $100. To open a Swiss account, you will need a minimum of $5,000. There are minimal benefits that open up with a more significant deposit. For example, if you deposit $100,000, you get bank guarantees. You can choose to open an account either on the JForex platform or on the MT4 trading platform.
Users are then asked for their personal details and financial information before setting up their account profile and what type of account they would like to open:
Dukascopy has a number of different mobile apps for their offering. Each of these works well on both Android and iOS devices. There are a lot of premium features associated with the apps, which makes your experience a good one.
The charting capabilities are strong and you can easily customize your experience according to your preferences. There is almost 50 technical indicators available on the mobile app and you should have more than enough tools that you will ever need when trading through a mobile app.
Some of the feature of the JForex mobile platform include:
Dukascopy offers MT4 trading on both iOS and Android operating systems.
The comparision of JForex platform feature
Commissions and Fees
Examples of volume commission calculation depending on net deposit, equity and traded volume: In case Net Deposit, Equity and Traded Volume lead to different commission rates, Dukascopy Bank applies the lowest (as illustrated in the examples below).
For Self Traders with several margin accounts with Dukascopy Bank, Net Deposits, Equities and Traded Volumes are cumulated to define a unique volume commission rate applied to all margin accounts.
Trading commissions for single stock CFD, ETF, CFD
For clients appointing an external manager/attorney
Trading Commissions For Binary Options Trading
Clients who trade binary options with Dukascopy pay a premium according to the contract size. This premium is automatically debited by the bank from the client’s account, prior to opening any binary options contract.
|Bank Transfers1,4||CHF 2.3 for payments in CHF in Switzerland or CHF 155
EUR 2.3 for SEPA payments or EUR 205 / USD 50 / GBP 15 / AUD 30 / CAD 30 / CNY 150 / CZK 500 / DKK 150 / HKD 180 / HUF 5500 / ILS 70 / JPY 2500 / MXN 350 / NOK 180 / NZD 30 / PLN 80 / RON 80 / RUB 1800 / SEK 170 / SGD 30 / TRY 65 / ZAR 280
|Payment Cards||1.5 EUR + 2.5% (or currency equivalent)|
|Neteller||1 EUR or 2.5%3|
|In Bitcoins Ether||USD 10|
Volume trading commission discount program
Dukascopy Bank offers its self trading clients the possibility to get a 20% discount on volume trading commissions (here-after the "Discount"). Clients can apply for the Discount within 30 days since their last credit on their account. Subscription to the Discount program entails conditions on traded volume which shall be reached within 1 year after the Discount program subscription day. Any withdrawal made by the client on his/her account before the required traded volume is reached will cancel his/her participation in the Discount program.
How to apply for this discount
Clients can apply for the 20% Discount within 30 days since they made a credit on their account. The incoming transfer (Deposit) should be the last operation on the account, i.e. there should be no outgoing transfers (Withdrawals) after the Deposit. Application for the Discount can be submitted from the trading platform, Portfolio menu – My Account report.
Celebrating its 11-year anniversary Dukascopy offers its clients an exceptional opportunity to get 100% Bonus of the account equity. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on traded volume which shall be reached within 1 year after the Bonus is credited on the client account. Any withdrawal from the account before the required traded volume is reached will cancel the Bonus.
Anniversary Bonus is also available for Binary Option accounts.
How to get anniversary bonus
Live clients are welcome to share their Dukascopy trading experience with their friends and invite them to benefit from the outstanding trading conditions provided by our Bank. Should a friend you refer become a live trader with Dukascopy Bank, you will enjoy a 100% discount for your future trading commission till the full amount of the discount (100 USD) is reached. The commission discount will be credited on a daily basis starting from the moment your referred friend has performed the first trade.
While Dukascopy offers a wide variety of trading tools, there is a distinct lack of educational resources in learning to trade. This makes the wide variety of trading tools meaningless to beginner traders who do not know how to use them.
However, when viewing the trading platforms there is a wealth of information available in helping to use a platform such as a quick start manual and video tutorials.