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Dukascopy is a Swiss online bank that offers trading in foreign currencies and contracts for difference.
Ducascopy Main Highlights
| 🚀 Minimum deposit: | 1000$ |
| ⚖️ Leverage: | 1:300 |
| 🛡️ Regulations & Licenses: | FINMA, FCMC, JFSA, DFSA |
| 💵 Deposits/Withdrawals: | Bank Wire (BankTransfer/SWIFT), VISA, Bank Gurantees, Maestro, Neteller, Other Crypto Currencies, Skrill |
| 💻 Trading platform: | JForex, MT4, Binary Trader |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | dukascopy.com |
A Look at Ducascopy
Dukascopy is a Swiss online bank and financial services, provider. They use advanced technology such as SWFX – Swiss FX Marketplace and their own ECN platform to offer Forex and CFD trading, banking, and other services. They have been in operation since 2004 and have offices in Switzerland, Riga and Tokyo.
In addition to its main office in Geneva, the bank has offices in Zurich, Riga, Kyiv, Moscow, Kuala Lumpur, Hong Kong, and Dubai.
Ducascopy Account Types
Dukascopy offers three account types: Individual, Joint (for two people) and Corporate:
- Fast opening.
- Wide range of financial instruments.
- Multi-currency banking account.
Ducascopy Financial Instruments
Dukascopy Bank offers a trading platform for buying and selling on Forex, precious metals, CFDs (on stocks, commodities and indices) and binary options (on stocks and Forex, plus a range of Cryptocurrencies).
Different types of trading instruments have different conditions and risks. For example, Forex and CFD have distinct conditions and risks. When it comes to Cryptocurrencies, they are in a separate category.
Ducascopy Deposits & Withdrawals
Dukascopy Bank offers accounts in 23 currencies, including Gold, and you can use various payment methods such as Bank Wire transfers, Credit/Debit cards, Neteller, and Skrill to deposit funds quickly.
Deposit methods
Dukascopy provides a variety of payment methods, such as credit/debit cards, bank wire, Skrill and Neteller. In addition, traders can fund their accounts with Dukascoins which can offer double the trading margin compared to regular methods. Dukascoin deposit programs also allow users to earn a fixed high return.
Withdrawals
Dukascopy is a Swiss bank that offers traders banking services. All payments can be done through Dukascopy Bank SA.
For incoming transfers, Dukascopy will cover any applicable fees. However, for outgoing transfers or withdrawals, fees may apply depending on the currency. For example, a USD account will require a $50 fee for SEPA payments or $10 for payments in Bitcoins to crypto-wallets. Make sure to check the applicable conditions before withdrawing money.
Ducascopy Trading Platforms
Dukascopy provides access to the Swiss Forex Marketplace (SWFX) and other financial markets, such as CFDs, Forex, Binary, and Cryptocurrency. Its trading platforms are designed to provide a fast and efficient trading experience in any market situation.
The bank offers three trading platforms: JForex 3, which is available in web, desktop, and mobile versions; MetaTrader 4; and Binary Trader.
Web trading platform
You can access Dukascopy’s trading through your browser without any downloads or settings. It has a variety of trading orders and slippage control settings. It also has two trading modes, “Net Position” and “Hedging” modes.
Unfortunately, you can’t access the Swiss Forex Marketplace (SWFX) or some particular instruments through the well-known platform MT4. However, you can use a third-party solution to connect SWFX to an MT4 environment.
Desktop platform
The JForex platform, provided by Dukascopy, provides a wide range of tools for managing and controlling trades, as well as comprehensive technical analysis. It is ideal for both manual and automated trading and allows users to test trading strategies using JAVA.
Additionally, the platform is also available on iOS and Android devices and can be accessed through the JForex Web3 interface.
Mobile apps
This package includes mobile apps, enabling you to manage your trades and do basic analysis even when you’re away from your computer. You can find the right version for your device through the download center, and you can expect good trading conditions and support via live chat.
Ducascopy Regulations and Licenses
Dukascopy is committed to providing transparent trading conditions that abide by strict regulations. This ensures customers and their funds are safeguarded by various government organizations, making it a reliable choice for traders.
Ducascopy Education
Dukascopy Bank offers lots of helpful resources and info to traders of all levels, including online television and Freeserve products. Plus, its online community has over 130,000 members who can share trading tips and compete in contests.
Read more: Alpari Review 2023: What you need to know | Brokers Times
FAQs
Is Ducascopy a scam?
It is a reliable and trustworthy brokerage company regulated by FINMA in Switzerland. It offers secure trading of Forex and CFDs with low risk.
Is Ducascopy securities legit?
Yes, it is one of the safest European brokers that offer favorable conditions for both professional and novice traders
What is the minimum deposit for Ducascopy?
1000$
Where are the offices of Ducascopy located?
Route de Pre-Bois 20 ICC, Entrance H Geneva, 1215 Switzerland
Ducascopy Pros
- Highly secured
- Forex and CFD instruments, Cryptocurrencies, and more
- Good quality educational materials
Ducascopy Cons
- Conditions vary based on the entity
