Dukascopy
Rating: 4.1 / 5Dukascopy is a Swiss bank and online broker offering four trading platforms, a well-balanced asset selection, and competitive trading fees. It offers its trading services via the in-house developed Swiss FX Marketplace (SWFX). This ECN proprietary technological solution connects SWFX to 20+ banks via the FIX API for deep liquidity and fast order execution. The STP/NDD/ECN trading environment and volume-based commission discounts make Dukascopy ideal for high-volume and high-frequency traders and an excellent Forex broker for algorithmic traders. My Dukascopy review evaluated the trading environment to determine the Dukascopy advantage and how it benefits traders. Is Dukascopy the right broker for your portfolio?
Dukascopy is a Swiss bank and online broker offering four trading platforms, a well-balanced asset selection, and competitive trading fees. It offers its trading services via the in-house developed Swiss FX Marketplace (SWFX). This ECN proprietary technological solution connects SWFX to 20+ banks via the FIX API for deep liquidity and fast order execution. The STP/NDD/ECN trading environment and volume-based commission discounts make Dukascopy ideal for high-volume and high-frequency traders and an excellent Forex broker for algorithmic traders. My Dukascopy review evaluated the trading environment to determine the Dukascopy advantage and how it benefits traders. Is Dukascopy the right broker for your portfolio?
Broker Details
- Headquarters
- Switzerland
- Established
- 2004
- Min Deposit
- $100
- Execution
- ECN/STP
- Regulators
- FINMA, JFSA
Accounts & Funding
- Deposit Options
- Credit CardsWire TransferBank GuarenteeDebit CardsNetellerSkrillOther
- Withdrawal Options
- Credit CardsWire TransferBank GuarenteeDebit CardsNetellerSkrillOther
Trading Costs & Spreads
- EUR/USD
- 0.3 pips ($3.00)
- GBP/USD
- 0.8 pips ($8.00)
- Gold
- $0.32
- Bitcoin
- $73.95
- WTI Crude
- $0.05
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
Pros
- Quality trading tools and in-house research
- Banking services and trading as a bundled service
- Competitive trading fees with volume-based discounts
- Excellent STP/NDD/ECN trading infrastructure
Cons
- Account verification requires a video call
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