Dukascopy is a Geneva-based broker established by founder Dr. Andre Duka, along with Veronika Makarova in 2004. It acquired a banking license in 2010, which led to the founding of Dukascopy Bank.
The bank is regulated and authorized by Level 1 regulatory bodies, giving it a confidence score of 90 and a low-risk reputation.
Commercial features
Dukascopy offers currency exchange and CFD trading, with 60 currency pairs and 593 CFDs, respectively. For Dukascopy forex trading, they also offer Spot Trading.
The bank acquired more than CHF 148 million in assets. Customers who trade with the bank are entitled to insurance protection up to CHF 100,000.
With regard to cryptocurrencies, the bank has created its own currency, Dukascoin, after offering CFDs on cryptos such as ethereum and bitcoin.
Business platform
Dukascopy’s own platform is called JForex 3, an installable web platform compatible with Apple and Windows.
According to Dukascopy’s official website, JForex 3 is on par with MT4 and offers traders the privilege of trading with 291 technical indicators, drawing tools and customizable indicators.
More on the Dukascopy website, the bank offers algorithmic commerce, where customers can access VPN services and their own cloud storage.
Some of the platform’s advanced features include an option to cancel everything which means canceling all existing orders. Platforms don’t always offer this.
Mobile commerce
The Dukascopy mobile trading version of its JForex 3 platform makes it even more accessible to customers. This mobile app presents charts and research that customers can freely access by acquiring information about trading and using various tools. Another feature is a pattern recognition tool to give customers business ideas.
Accounts: commissions and fees
Dukascopy reviews on the Internet provide data on the commissions and fees required by Dukascopy as attested by its customers.
Account Type:
Dukascopy forex trading only offers one account type, which is under the ECN account. Spreads are technically similar to all customers; however, what varies are the rates depending on the size of the trade, net deposits, etc.
In addition, customers can choose whether they want to open their ECN account with Dukascopy Bank (Switzerland) or Dukascopy Europe.
Dukascopy security
Below is the overall rating of the bank that considers all dukascopy broker reviews and Dukascopy reviews taken from various websites and culminated in a single data:
Conclusion
In general, the Dukascopy bank is a fairly reliable broker in forex trading and CFDs and has one of the best platforms available on the market today. Most of Dukascopy’s reviews reveal that customers are satisfied with the bank’s services, and no review indicated that Dukascopy deceives traders or that Dukascopy deceives his customers. On Dukascopy’s official website, the bank’s various achievements and successes are shown as a reliable broker, and have the full confidence of their clients. In general, Dukascopy is recommended to traders so that they can access reliable, honest and competent trades.
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