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Dukascopy User Reviews

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Dukascopy
4.3
By 10 User Reviews

Regulated By:FCMC, FINMA, FSA(JP)

Foundation Year:1998

Headquarters:Dukascopy Bank SA Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15, Switzerland

Min Deposit:$100

Open Account

Trading FX, precious metals and CFD on margin (i.e. using leverage) is not suitable for everyone. Investing in such instruments involves a high degree of risk of loss. Before trading on margin you should be aware of the risks involved due to the fluctuation in the value of such instruments' prices, which can cause fluctuations in the value of your investment. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risks. Large losses may be suffered within a relatively short period of time due to adverse market movements or to position build-up. Before deciding to enter into FX, precious metals or CFD trading on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. You should only trade the portion of your own assets you are disposed and cannot afford to lose entirely: only your surplus funds should be placed at risk and if you do not have such surplus funds you should imperatively avoid engaging in margin trading. In case of doubts on the risks related to FX, precious metals and CFD trading on margin you should consult any independent financial advisor and request any necessary information.

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Rate Dukascopy
7 Reviews
Sorted by:
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Con Spiros
4/5
Reliability:
5/5
Platforms:
5.0
Assets:
5.0
Support:
4.0
Good for automated trading in Java, Visual JForex and recently MQL4 in MT4

Dukascopy has a great platform and you can develop trading algorithms in Java, Visual JForex and more recently MQL4 on MT4. It's a good ECN broker. Dukascopy also e-mailed clients not to take any CHF trades on around 15 Jan 2015 and widened the spreads when the CHF was depegged from the EUR consequently causing many to have their accounts wiped out and even enter negative territory. Dukascopy did not pursue negative accounts as some brokers did and also did not suffer catastrophic losses as some brokers also did. Less 1 star for not too much help with the development of Java trading strategies via their Community Forum.

F
Filipe Santos
5/5
Reliability:
5/5
Best FX platform

their client focus approach is very usefull

O
Ozgur
5/5
Reliability:
5/5
Dukascopy account manager works perfectly

<p>The best customer service you can ever see. With you are really interested. an account manager that resolves your issue.</p>

P
Patrick
1/5
Reliability:
1/5
These guys don't have mt4

<p>A third party mt4 is available but very expensive and will cost you your profits.End of the day, the commission cost plus the cost of the rented mt4 platform will see you in negative territory even if you have made profits for the day. Opening an account is tedious. In general they are a sound company but too much red tape.I would like to stay with them but right now there are far more competitive brokers out there,who offer more than they do. I also never get an answer to my emailed questions about my account even if I email my account manager directly, there is also a language problem as very few at the company can speak English fluently. So asking them a question, might never give you a proper answer. I've also asked my account manger to contact me on several occasions and left messages for him to contact me. Out of 10 or more times I've only gotten one call back, that was to inform me the 3rd party mt4 was ready for use. Warning: do not use this broker with a bridged Fairtrade mt4 option. The costs are extream. As far as I can see on my account, they charge me for the same open lots everyday.</p>

J
Jean Broussard
4/5
Reliability:
4/5
My review of Dukascopy Bank

I am happy with Dukascopy. I like the automated trading but I wish they took PayPal. Much of my business is run through it so for my large volume trades it would be great if I didn’t have to transfer the money out of PayPal to deposit it into Dukascopy.

O
Omayda Esposito
5/5
Reliability:
4/5
An excellent broker

I am a professional scalper. I use Dukascopy because of their reliability and large liquidity. I need one click trading and the guarantees provided by Dukascopy. I have been very pleased thus far and I’m with them 4 years.

T
Tom Peters
4/5
Reliability:
3/5
Ok but not ideal for small volume

That Dukascopy has so much liquidity is nice for major players but for someone like me it’s not necessary. The tiny spread is a huge help but more analysis might be good. I may go elsewhere. Further, I trade on the weekend and they only have 24/6 assistance.

Rate Dukascopy
Dukascopy

Trading FX, precious metals and CFD on margin (i.e. using leverage) is not suitable for everyone. Investing in such instruments involves a high degree of risk of loss. Before trading on margin you should be aware of the risks involved due to the fluctuation in the value of such instruments' prices, which can cause fluctuations in the value of your investment. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risks. Large losses may be suffered within a relatively short period of time due to adverse market movements or to position build-up. Before deciding to enter into FX, precious metals or CFD trading on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. You should only trade the portion of your own assets you are disposed and cannot afford to lose entirely: only your surplus funds should be placed at risk and if you do not have such surplus funds you should imperatively avoid engaging in margin trading. In case of doubts on the risks related to FX, precious metals and CFD trading on margin you should consult any independent financial advisor and request any necessary information.

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