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 some time, the company has developed and grown. It has formed an online trading platform. It was in 2006 when the organization started its SWFX marketplace that runs 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 an 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 direct access to those that offer liquidity and get the execution in just ms. They also offer tight spreads through the use of ECN liquidity. The Dukascopy offers spread for as low as .2 pips on Euro and USD. They also offer in-depth marketing in which the traders can keep an eye in the market depth. Equal trading rights will be enjoyed by every trader. They will be given equal treatment when it comes to the spreads and liquidity.
Dukascopy spreads (average spreads) are EURUSD around 0.24 pips, GBPUSD around 0.6 pips. In some moments EURUSD can be as low as 0.1 pip (max spread was 3 pips during huge volatility).
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. Mobile traders who are using mobile or handheld devices such as Apple and Android.
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 that 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 ones handling the webinars, seminars and even the trading and the FX related contests. There are some dissimilarities 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 supervision 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 Alpari Japan in 2015.
When it comes to trading conditions, deposit for live account opening with Dukacopy Bank for Swiss and Chinese residents is 1000 USD or equivalent. Min. deposit to open an account with Dukascopy Europe is 100 USD or equivalent (dukascopy minimum deposit is $100). 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 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 available for mobile and for PCs too. The platform is specially made for traders who are very much fascinated by automated trading or in the developing as well as testing trading techniques that are based on the 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 is also a calendar of news and economic events as well.
3. They have automated trading on the 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
When it comes to the Dukascopy EU trading accounts, the customer support through phone, Skype and email are being provided. Moreover, it gives live trading support through telephone 24/5. They offer a minimum account which is $100. The funds that may be used is a bank wire transfer and others. The account currencies that they offer come in different varieties like the Japanese yen, AUD, Canadian dollar, NZD, RUB, and others. However, there are no withdrawal commissions being offered. The personal account manager is multilingual, which 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, 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 means 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 the bank, debit cards, those with credit cards and bank transfer too are honored. Dukascopy Europe offers e-wallet – Dukascopy Payments.
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Dukascopy Europe IBs
Dukascopy has an excellent affiliate program. Dukascopy’s partnership program name is Dukascopy Business Introducer Program. Currently, there are more than 93 banners and a lot of widgets and promo materials. Tracking is excellent and the affiliate can withdraw money each month very fast using several payment methods.