Dukascopy History
Dukascopy bank started in 2004 in Geneva. Making it known as the Swiss bank. But, the firm has rooted in 1990. At first, it was only a project managed by a unit of physicists just to model the financial markets, but after sometime, the company has developed and grew. It has formed an online trading platform. It was in 2006 when the organization started its SWFX marketplace that run as an ECN. It has grown through time and it has expanded too in an international manner. The bank now owns the Dukascopy EU IBS AS.

That is an accredited brokerage firm that actually offers different services using the same terms mandated by the Dukascopy bank. It was in 2015 when the firm bought ALpari in Japan which run it as the Dukascopy Japan Co. It has offices in various parts of the world too like Hong Kong, Moscow and others. It also offers online services for those who wish to do spot FX, precious metals, binary options, CFDs and others. They also offer online banking services, since they are being audited by the KPMG SA.

Dukascopy EU is a associate of the Swiss Forex Group and it has an HQ in Latvia. It has been filled with features for traders. First, it has a fast execution through the in house built technology. They offer a direct access to those that offers liquidity and get the execution in just ms. They also offer tight spreads through the use of ECN liquidity. The Dukascopy offers spreads for as low as .2 pips on Euro and USD. They also offer an in depth marketing in which the traders can keep an eye in the market depth. Equal trading rights will be enjoyed by every traders. They will be given an equal treatment when it comes to the spreads and liquidity.

Dukascopy platform
Dukascopy gives 3 primary trading platforms along with 3 mobile traders. The broker has made its very own platform which is now called the JForex. There is a web based kind of platform along with a Java kind that the traders can use. The Mobile traders who are using mobile or hand held devices such as Apple and Android.

Spread
When it comes to the spreads, Dukascopy offers some of the most interesting spreads in terms of retail Forex business, particularly for some of the primary currency pairs. Dukascopy uses a lucid pricing model which comes with a low spread and a commission that is added on top of it. The spreads will normally float based on the market conditions and will widen up a bit during the news events or by the end of the trading sessions.

The tight variable spreads along with a reasonable amount of commission will be provided too. The Micro lots are acquirable for the trade and in all of the proceedings will be executed in an automated manner on the ECN for whatever the size maybe.

What Dukascopy EU offers ?
It is typical for the Dukascopy EU to come up with the number of freebies coming from the mother firm. The ECN trading via the Swiss Forex Marketplace is the one handling the transparency, seamless and secured operation and defrayment to and from the trading account. They are the one handling the webinars, seminars and even the trading and the FX related contests. There are some dissimilarities in between the 2 firms through.

Moreover, the Dukascopy Bank which is mandated by the Swiss FINMA for both banks and securities dealer, the practices which are consolidated supervsion over the Group entities makes sure that enough liquidity that includes the risk and the capital involvement in a group level is appropriate. The Group also has a Japan based unit. That came from the Alpari Japan in 2015.

When it comes to the trading conditions, deposit for live account opening with Dukacopy Bank for Swiss and China residents is 1000 USD or equivalent. Min. deposit to open an account with Dukascopy Europe is 100 USD or equivalent. That is a minimum margin for the FX market. To compare with, the clients of the Dukascopy Bank needs $5,000 to get started.

When you compare maximum allowed leverage, the Swissquote EU as well as Dukascopy Europe will both have an opportunity to have leverage higher that 1:100.

When it comes to the trading platforms, the company offers you a lucrative type of trading platform which is the JForex. That will give you enough access to the Swiss FX marketplace. That is availability for mobile and for PCs too. The platform is especially made for traders who are very much fascinated in automated trading or in the developing as well as testing trading techniques that are based on programming language of JAVA. There are some tools and features that the platform offers. That includes the following.

1. There are more than 250 indicators as well as chart studies.
2. There are also calendar of news and economic events as well.
3. They have an automated trading on user’s machine or what they call the strategy server.
4. They have automated trading historical tester.
5. They have the figure as well as the line breaker charts, they also have range bars and points that the users can use.
6. They have Mql4 expert advisor that will convert to JAVA

Conclusion

When it comes to the Dukascopy EU trading accounts, the customer support through phone, Skype and email is being provided. More over, it gives live trading support through telephone 24/5. They offer a minimum account which is $100. The funds that maybe used is a bank wire transfer, and others. The account currencies that they offer comes in different varieties like the Japanese yen, AUD, Canadian dollar, NZD, RUB and others. However, there is no withdrawal commissions being offered. The personal account manager is multilingual, that means there will be no language barrier if you will be needing help.
To sum it all up, Dukscopy EU is a part of the Swiss FX Group. They give access to the Swiss ECN FX Market through the modern Dukascopy SWFX. They offer a unique trading framework for persons and for professional traders too. However, the investment companies may also benefit from them. One of the advantages when trading is the availability of the liquidity which will be turned into small spreads. The traders may also trade around 25M USD in just a particular click of your fingers. They also give personal trading conditions to ordinary retail FX traders. That simply mean that the minimum account size is not more than $100, the fun of the account is available in the simplest forms and opening an account is just fast and simple.

Compared to the other brokers, the Dukascopy EU will not assist the famous MT4 platform. But, the customers are allowed to use the 3rd party providers to bridge the MT4. The broker also offers the probability of the API combination for professionals in trading. These people are those who will be rendering around $100,000. The company’s API is based on the FIX 4.4 protocol. It will be used to get a real time data feed and to be able to submit the orders and be able to set, improve and to cancel the orders and be able to get some automated notifications too meant for trading activities. When it comes to the payment, the users can deposit and withdraw from their accounts through bank, debit cards, those with credit cards and bank transfer too are honored. Dukascopy Europe offers e-wallet – Dukascopy Payments.

Dukascopy, a Swiss forex broker, founded mainly to provide service to the large trading setups, offering choices of automated, anonymous trading and single-click order executions.

About Dukascopy

Dukscopy, established in 1998, allows for accessing SWFX Marketplace directly, providing the biggest pool of spot forex liquidity to its clients. Having a strong back of banking collaborators, Dukascopy offers potential of a Prime Broker and is dedicated to make forex trade transparent and secure. Dukascopy’s managing power structure comprises of four units related to IT, management, marketing and finance. Dukascopy has a membership of ARIF and is regulated by KPMG. It also owns a license to Swiss banking.

Trading Info Regarding Dukascopy

• Dukascopy offer trading access to the Swiss FX Marketplace. It supports JForex (for automatic trading), Java (for manual trading) and Web platform (for quick access). All the three platforms support ‘hedging’ and ‘net’ modes. At present MetaTrader 4 platform is going through testing phase.
• Dukascopy offers accounts to individuals as well as large institutions. The minimum deposit for institutions is 50,000 USD while for individuals, it varies for their account types; retail account ($5,000 and up) VIP account ($1M and up) which has extra trade managing features
• Presently, seven currencies are supported: USD, CHF, GBP, EUR, JPY, AUD and CAD.
• Transactions through bank guarantees, wire transfers and Swiss custodian banking services, can be made.
• Account can be set up easily via online forms. Forms for individual accounts and legal entity accounts have varying requirements. All forms are reviewed and only after approval an account number is supplied and a starting deposit of minimally $5,000 USD would be required to be made through a wire transfer after which the login details are provided.
• Dukascopy provides a 14-day demo account. Even the demo users are provided with some of the original functions as well as data feed similar to that from the Live SWFX Marketplace.
• Dukascopy is free from dealing desk executions.
• Trailing stops on “stop loss” as well as “entry stop” orders are supported with trailing step preset to at least 10 pips. The stop has an option to be adjusted for both order types.
• Dukascopy costs a modest commission for every trade. The charges are based on account size and volume traded.
• Dukascopy provides a leverage limit of 1:100 on regular days while 1:30 on weekends and other non-trading days.

Bottom Line

Since Dukascopy was designed for large organizational accounts, it takes a minimum deposit that is larger than most of the forex auto trading systems. So using Dukascopy is not suitable for the mini account traders. Nevertheless it offers some advantages over the competitors like it is free from dealing desk executions, it offers anonymous trading, and provides the ability to formulate automated trading strategies. Dukascopy can be a good choice for traders with potential of making huge investments or the ones seeking anonymous trading.

Dukascopy Review – Basic information

Dukascopy Bank SADukascopy was established in 1998 and since then it has been the world’s biggest ECN broker. Its main business is with ECN, which is an unlike the situation if compared with other trading platforms. Let’s take a look at their exclusive approach to the trading.
Pros:
• It provides the lowest possible spread. It is even lower than its competitors.
• Execution is very fast.
• Support is very quick.
• Big liquidity is provided by ECN broker.
Cons:
• Funding options are very limited.
• No entry for a small-sized accounts. The minimum deposit limit is $1,000.
Summary of the services
1. Spread: Dukascopy provides the option of getting in touch with the Swiss Foreign Exchange Market. Through this, large rooms of ECN brokers are provided with various liquidity institutes. This way, a trader will get to best ask price and bid price.
2. Leverage: The leverage ratio is 100:1. Though it seems less than other trading platforms, but with that the minimum deposit limit is set to $1,000.
3. The commission: It is unlikely that the broker will get his share because you will already have the best price in ask price and bid price.
4. Minimum Deposit: Minimum required deposit is $1,000. However, the deposit options are very limited. Only wire transfer is available for up to $250,000.
5. Expert Advisor and Other Strategies: Expert advisor is allowed in the Meta trader 4 platforms, but it is not directly provided on the platform. Auto-trading is also supported. Trailing stop and hedging is allowed by the platform. This will give the options to the traders for executing multiple techniques. A Scalping Feature is also available.
6. Trading platform: Dukascopy provides access to Swiss Forex Marketplace. Several Forex trading platforms are offered through this way. It includes Java platform, JForex, and the Web platform.
7. Support: The support is available for 24/5. Various communication options are available.
8. Citizenship: It also accepts US citizens along with other countries.
9. Currency Pairs: More than 19 currency pairs are available to trade.
10. Execution Type: Execution of trade is very instant.
Interesting facts
This forex broker has more and more clients everyday. One big fact is that this forex broker offers moneybookers, credit card, wire transfer and a lot of other payment methods for forex trading.Perform operations with the house broker forex interbank Dukascopy Swiss, lets have the best spreads, as well as the increased liquidity and marketplace for online trading.

Dukascopy licence :
Dukascopy is the broker for a decentralized marketplace first (SWFX – The Swiss marketplace for forex) that combines liquidity of centralized marketplaces and numerous banks.

Dukascopy is a member of ARIF, Financial Regulatory Agency Francophone Switzerland, and is intended primarily to ensure proper compliance with the Swiss law on money laundering of all members.

Operations Info
Trading Platform: FX Hotspot FX For Hot Spot
Regulated by: ARIF
Broker Type: ECN
Leverage: 1:100
Minimum transaction size: 250K
Minimum Deposit: USD 10K
Stop Order: If
Limit Order: If
Trail Stop Order: If
Operating 24 hours: Yes
Free Demo Account: Yes
Islamic Account: No
Conclusion
When it comes to trading results, a lot of factors play important roles. This includes tight spread, fast execution, and minimum slippage. A lot of traders are happy with the services of Dukascopy.

Dukascopy contests :
You can read more at Dukascopy contests page.
Here are basic monthly forex competitions :

Miss Dukascopy 2013 contest
Dukascopy trader contest – for manually trading. This competition will held every month.
Dukascopy strategy contest – this strategy is for the best automatic expert advisor which is written in Jforex programing language.
Dukascopy article contest – this is article contest for writers about forex trading.