Dukascopy Review 2021: Key Features
Dukascopy is a well-known and renowned forex broker that was founded in Geneva, Switzerland, in 2004. It is governed by the Swiss financial market regulatory authority and operates under a Swiss banking license (FINMA). Dukascopy Bank provides a diverse set of trading instruments and several features and functions that are beneficial to both novice and experienced traders. This broker also offers binary options trading as well as CFD trading on equities and commodities. Users can also use their banking services, which include free money transfers between accounts.
According to our Dukascopy Review, Dukascopy Bank is a Swiss financial institution created in 2004 that provides banking, trading, and online brokerage services to clients in Europe and Asia. CFDs (contracts for difference), binary options, Forex, and cryptocurrency trading are the primary services to their consumers.
According to Dukascopy Review, the trading platform is secure, and the Swiss financial market supervisory authorities regulate it and operating as a bank. In addition, it has licenses to serve as a brokerage firm in Europe and Japan.
Dukascopy Bank's current accounts, including credit cards, e-banking, and a wide range of banking products, provide consumers with incredibly competitive tools. Accordingly, users will be able to access competitive trading solutions and a variety of banking services from the premier Swiss FX bank.
Let's dive into some of the platform's general features:
Dukascopy has several unique features that help to improve the trading environment they provide. Clients of Dukascopy can use Metatrader 4 and JForex, the bank's latest proprietary trading platforms, which are consistent with IOS and Android operating systems. This broker also provides a comprehensive set of research trading tools, including the Dukascopy TV and a variety of trading contests and bonus programs for its clients. One of the broker's main advantages is that it offers a leverage of 1:200.
The functioning subsidiaries of Dukascopy are well-known and regulated. The minimum deposit for one of the forex brokers in the UK, Dukascopy, is $1000, whereas consumers of Dukascopy Europe can deposit $100.
This broker provides advanced charting tools with adjustable settings and alerts that quickly add to the screen. It has seamless chatting capabilities and technical indicators for trading and mobile trading for its traders.
According to our Dukascopy review, JForex trader mobile apps provide many research tools, including predefined screens that may change to suit the traders' needs. It can also be customized for four different periods, ranging from hourly to monthly. There is also a pattern identification tool that can use to generate well-organized trade ideas.
One of Dukascopy's distinguishing features is that it offers maximum leverage of 1:200, albeit the European influence may vary depending on the client. It also provides its clients with multi-currency accounts, gold accounts, and swap-free Islamic accounts.
The trading expenses are made up of commissions and spread that vary based on the amount of money you put up and how much you trade. EUR/USD has a spread of up to 0.1 pips. CFD commissions start at $10 per $1,000,000 in commodities and currencies for Metatrader 4 trading accounts, and $1 commission for 1 MT4 lot for CFD trading accounts. Overnight leveraged positions are also subject to swap rates. The commission is $35 for accounts with the least deposit, equity, or turnover.
Currency pairings, stocks, commodities, binary options, index, ETFs, bonds, and cryptocurrencies are among the trading assets offered by Dukascopy, one of the Top Forex Brokers. It has a wide range of currency pairs, commodities, stocks, Index CFDs, and other products.
To sum up, Dukascopy is the most reliable broker for advanced traders since it offers research, innovative features and tools, and cheap rates to its clients. It also provides a demo account, personal customer care, and a variety of trading platforms that a combination of traders may use. It has also won multiple honors, and it is the best in class in six areas for the year 2021, including features and tools, commissions and costs, crypto trading, mobile, and overall. However, before engaging in any CFD trading, the trader must conduct research and analysis.