General Features.
Dukascopy Bank SA offers currency and precious metal trading (all together referred to as “Forex”) to retail and institutional clients. Dukascopy Bank SA Forex trading services are optimised for professional trading activity:
Equal liquidity and quotes for all clients All types of trading are allowed (including news trading, scalping etc) Accounts can be opened in USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NOK, NZD, PLN, RUB, CNH, SEK, SGD, TRY and ZAR Multiple funding facilities available, including Credit and Debit Cards, Wire Transfers and Bank Guarantees Each client is protected up to CHF 100'000 against insolvency risk of Dukascopy Bank by esisuisse (esisuisse. ch/en/home. htm).
Depending on the account size and monthly traded volume, different trading commissions and overnights are applied. The minimal deposit size of the account with Dukascopy Europe is 100 USD, while the minimum for Dukascopy Bank SA is 5’000 USD. Several additional features are available depending on the client profile and type of account:
Attention : Dukascopy Bank SA only opens accounts with less than 5,000 USD for Swiss residents. For non-Swiss residents such an option is available with Dukascopy Europe, an EU subsidiary of Dukascopy Bank SA. ECN accounts with the minimum deposit of 100 USD are available only for the clients of Dukascopy Europe. ( Read more )
The minimal acceptable order size is 1000 units of the primary currency, 1 unit (ounce) for gold, 50 units (ounces) for silver, 1 contract for CFDs on indices and stocks, 20 contracts for COPPER. CMD/USD, 10 contracts for GAS. CMD/USD and 1 contract for other commodities. There is no maximum lot size limitation, except available liquidity, marginal requirements and maximum instrument exposure.
Trading hours.
Most of the instruments are traded on a 24 hour basis without interruption, from market opening on Sunday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time) until market close on Friday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time). The following instruments have trading breaks during the trading session:
(1) - Instrument is not tradable from 17:00 till 21:00 during Summer Time (from 18:00 till 22:00 during Winter Time) on US national holidays.
(2) - Instrument may have sporadic pricing / low liquidity / temporary or full absence of prices on Russian national holidays.
(3) - Instrument may have low liquidity / temporary or full absence of prices.
Special trading conditions.
Due to limited available liquidity during off market hours, trading might be interrupted, as well as special trading conditions are applied to the following instruments:
* Dukascopy reserves the right to increase the maximum spread under certain market conditions.
Please be advised, that following instrument are not available for managed accounts, but for individual traders only: XAU/USD, XAG/USD, USD/PLN, EUR/PLN, USD/TRY, EUR/TRY and USD/RUB.
Attention : Wider spreads during "off market hours" or a market gap after trading break can significantly decrease the equity on your account and can trigger a margin cut or equity stop loss level.
Settlement Procedure.
Settlement activities are conducted on a daily basis and include all post-trade operations such as trade settlements, rollovers, volume commissions and daily P&L conversions and other end-of-day amendments (please refer to Overnight policy for related information on value date and overnights). Settlement procedure is applied at 21:00/22:00 GMT and is carried out automatically in the account's base currency. The account balance is updated on a daily basis after the settlement procedure. Clients are able to track balance history in various reports through the trading platform or through web based entry.
Platform Specification.
The Dukascopy Bank - SWFX Trading Platform is a unique technology with specific features for advanced traders. The Platform provides special functions and tools that have been created in order to suit sophisticated needs and provide additional protection to clients against market spikes. Dukascopy Bank strongly recommends that you become familiar with the DEMO platform before you start live trading.
To learn more about Dukascopy Bank ECN Accounts, please write to: Send us a message , call us on: +41 22 799 4888 or alternatively ask for a call-back .

Dukascopy Review and Experiences.
If you’re looking for a broker that is very popular amongst professional traders you should take a closer look at Dukascopy. This is one of the largest online brokers when it comes to liquidity. Only ECN trading is available and you have to pay a commission for every Million dollars you trade instead of a high spread. A commission does not sound nice but we can already mention that trading is much cheaper this way if you can afford to trade with higher volumes.
Dukascopy is a Swiss broker with its own banking license. The mission of this broker is to offer a very professional Forex trading experience and every trader should be happy to make use of such a professional broker. This sounds a bit odd but this is the experience almost every trader makes at Dukascopy. It really is what you can expect from a Swiss broker that can be compared to the famous Swiss watch. However, this broker does not fit to every trader and that’s why you should keep on reading. If you think this may be the right broker for you though, you can just click here to sign up at Dukascopy immediately.
Software and platforms: JForex and MT4.
Dukascopy offers a nice selection of different platforms. There’s a Java based webtrader that allows you to trade without a download, at foreign PCs for example. The platform that is used most at Dukascopy is JForex. This is their very own platform aimed to professional traders. At first glance this platform looks a bit odd. But due to the fact that you have more than 180 tools to analyze and many more features you might miss at other Forex platforms shows that you deal with a platform that suits the needs of professional traders. If you don’t like JForex you can also go with MT4 and you should already be familiar with this platform. Thanks to the ECN Bridge it’s also possible to trade with MT4 and your ECN account. There’s also an iPhone app for everybody who wants to trade with his mobile.
ECN account at Dukascopy.
You wont sign up at Dukascopy and deposit lots of money if you want to trade with a retail broker. Dukascopy is nothing else than a stone-cold ECN broker and no market maker. That’s why you have to pay a commission for trading and only a very, very low spread.
Spreads and commission.
There’s no doubt that there’s a very low spread for a reliable ECN broker like that and you rarely pay more than 1 Pip for EUR/USD. What is more important is their commission. The commission depends on your first deposit. If you deposit “only” $5.000 you pay more than twice as much in commission compared to a deposit of $ 1 Mil. Dukascopy recommends depositing at least $ 50.000. In this case you pay $18 in commission for every Million USD you trade.
Deposit and withdrawal.
Dukascopy is very strict in terms of minimum deposit. As already mentioned a deposit of at least $50.000 is recommended although it’s possible to deposit $5.000. However, in this case you don’t have that much room to maneuver. As Swiss trader you can even make smaller deposits but you also don’t have much room to maneuver in this case. The more you deposit, the better your “advantages” become.
It’s obvious that Dukascopy does not offer that many deposit options when they require larger deposits. You can only deposit with a bank wire and no Paypal or credit cards are offered compared to other brokers. You can deposit in seven different currencies at Dukascopy.
Trading figures.
Maximum Leverage: 100:1.
Minimum Margin: 1.0%
Spread: 1 pips EUR/USD.
Available Currency Pairs: 22.
Conclusion and experiences.
Dukascopy is without a doubt one of the largest and most reliable brokers and nobody can really disagree. The experiences traders make with Dukascopy are very positive. You can find lots of negative experiences with most Forex brokers but not with this one. However, quality like that is not for free. You have to deposit at least $5.000 and even then you’re no VIP trader.
Overall the Metatrader platform that can be used for ECN trading is a huge plus because you should be used to this platform already. If you want you can also work with JForex which is also a great platform to trade with. If you can afford to make huge deposits and if you’re looking for a professional Forex broker you should start trading at Dukascopy. You won’t regret it!

Dukascopy forex commission

(CHF 22'000'000 share capital)
SWFX - Swiss FX Marketplace.
Новости компании.
Принципиально новая бизнес модель – онлайн банк-мессенджер.
Dukascopy Bank SA с гордостью сообщает о старте нового сервиса и изменении своей бизнес модели. Банк ставит своей целью стать швейцарским Private bank (Частным банком) для для иностранного среднего класса. Сегодня Suisse Private Banking доступен примерно лишь для 1% богатейшего населения мира. До сегодняшнего дня дороговизна обслуживания и несовременность Частных банков компенсировалась швейцарской банковской тайной. С падением института тайны, у частных банков, особенно небольших, образовался стратегический вакуум и дефицит идей.
Пожалуйста, обратите внимание на пониженную ликвидность и возможное нарушение работы в течение рождественских и новогодних праздников.
Dukascopy добавила новые инструменты FX для LIVE торговли:
USD/THB - доллар США к тайскому бату USD/ILS - доллар США к израильскому шекелю USD/HUF - доллар США к венгерскому форинту EUR/HUF - евро к венгерскому форинту USD/CZK - доллар США к чешской кроне EUR/CZK - евро к чешской кроне USD/RON - доллар США к румынскому лею.
Максимальное кредитное плечо на пары USD/HUF, EUR/HUF, USD/CZK, EUR/CZK, USD/ILS, USD/RON, USD/THB установлено на 1:10.
Более детализированную информацию об условиях торговли Вы можете найти на соответствующих страницах нашего веб-сайта.
Информируем Вас, что список инструментов, торгуемых с Dukascopy (FX, Bullion, Commodities, Indices, Stock) непрерывно расширяется.
Dukascopy примет участие в выставке Money Fair Shanghai 2017, которая пройдет в Шанхайском выставочном центре с 1-ого по 3-ее декабря. Двери на выставку будут открыты с 9:00. Приглашаем Вас посетить наш стенд W11 и познакомиться лично с нашими представителями, а также поучавствовать в нашем семинаре во время выставки 2-ого декабря в 14:00.
Beware of reduced liquidity on Thursday 23rd November and Friday 24th November.
Regular trading hours on Thursday 23rd November and Friday 24th November.
Trading stops at 18:00 GMT on Thursday 23rd November.
Markets re-open at 23:00 GMT on Thursday 23rd November Trading stops at 18:45 GMT on Friday 24th November.
Markets re-open at 23:00 GMT on Sunday 26th November.
Trading stops at 18:00 GMT on Thursday 23rd November for the USA30.IDX/USD, USATECH. IDX/USD, USA500.IDX/USD.
Markets re-open at 23:05 GMT on Thursday 23rd November Trading stops at 18:15 GMT on Friday 24th November for the USA30.IDX/USD, USATECH. IDX/USD, USA500.IDX/USD.
Markets re-open at 07:05 GMT on Monday 27th November Trading stops at 18:00 GMT on Thursday 23rd November for the JPN. IDX/JPY.
Markets re-open at 01:05 GMT on Friday 24th November Trading stops at 18:15 GMT on Friday 24th November for the JPN. IDX/JPY.
Markets re-open at 01:05 GMT on Monday 27th November.
Trading stops at 18:00 GMT on Thursday 23rd November for the LIGHT. CMD/USD.
Markets re-open at 23:05 GMT on Thursday 23rd November Trading stops at 18:45 GMT on Friday 24th November for the LIGHT. CMD/USD.
Markets re-open at 23:05 GMT on Sunday 26th November Trading stops at 18:30 GMT on Thursday 23rd November for the BRENT. CMD/USD.
Markets re-open at 01:05 GMT on Friday 24th November Trading stops at 19:00 GMT on Friday 24th November for the BRENT. CMD/USD.
Markets re-open at 01:05 GMT on Monday 27th November Trading stops at 18:00 GMT on Thursday 23rd November for the GAS. CMD/USD.
Markets re-open at 23:05 GMT on Thursday 23rd November Trading stops at 18:45 GMT on Friday 24th November for the GAS. CMD/USD.
Markets re-open at 23:05 GMT on Sunday 26th November Trading stops at 18:00 GMT on Thursday 23rd November for the COPPER. CMD/USD.
Markets re-open at 23:05 GMT on Thursday 23rd November Trading stops at 18:45 GMT on Friday 24th November for the COPPER. CMD/USD.
Markets re-open at 23:05 GMT on Sunday 26th November.
After a successful probation on Demo environment the new functionality of binary platform - Chained option contracts - has been released for Live trading.
Binary traders of Dukascopy Bank and Dukascopy Europe can now use two types of automated trading strategies: Winning and Martingale. In case of Winning chain with 3 contracts the trader risks only the amount of the initial contract, while getting the opportunity to earn up to 12 times more if all contracts expire in-the-money, according to the recognized trend. Conversely, Martingale chain aims at covering losses from previous unsuccessful contracts by automatically placing a new order with a doubled amount.
Feel free to find more information about Chained option contracts in the corresponding section of our website.
Dukascopy Bank SA is participating in Lantern Fund Forum in Lugano on November 20 th -21 st .
You are welcome to visit our booth during the exhibition days and meet our representatives in person.
В воскресенье, 29 октября, время в Европе переводится на один час назад в связи с переходом на зимнее время. Информируем Вас, что в воскресенье не будет никаких изменений во времени открытия наших систем, и ежедневный расчёт произойдёт в 21:00 по Гринвичу / 17:00 по восточному времени. Европейские клиенты могут принять к сведению, что открытие рынка произойдёт в 22:00 по швейцарсокому времени.
В Северной Америке переход на зимнее время произойдёт 5 ноября, в воскресенье. В эту дату открытие рынка и ежедневный расчёт произойдут в 22:00 по Гринвичу / 17:00 по восточному времени / 23:00 по швейцарскому времени.
Dukascopy добавила новую функцию в контракты бинарных опционов: связанные контракты.
Доступны два типа связей - Martingale и Winning. При применении Martingale система автоматически выставит другой связанный контракт на удвоенную сумму каждый раз, когда предыдущий контракт был проигрышным. И наоборот, при применении Winning система автоматически выставит другой контракт, каждый раз увеличивая сумму, когда предыдущий контракт истечёт с прибылью. Максимальное число связанных контрактов ограничено тремя дополнительными контрактами.
Новая функция доступна для тестирования в Demo версии, и вскоре будет запущена в Live. Подробнее см. условия торговли .

Dukascopy Review.
Dukascopy is built for active traders. The innovative JForex platform suite and competitive commission structure give traders access to extensive resources for a narrow range of popular forex pairs and CFDs, all under multiple regulatory licenses, including a brokerage account with its Swiss bank.
By Steven Hatzakis / April 4th, 2017 / Updated: December 18th, 2017.
Review Sections:
In 1998, mathematician Dr. Andre Duka founded Dukascopy Trading Technologies Corp, which led to the development of the Dukascopy trading platform in 1999. Together with his partner, Veronika Makarova, Dr. Duka founded Dukascopy in 2004 as a Swiss brokerage house in Geneva.
After the development of the Swiss FX Marketplace in 2006, which is an eco-system supporting traders with the firm’s apps and platform infrastructure, Dukascopy acquired a Swiss banking license in 2010 and launched Dukascopy Bank. In 2011, the brand acquired an EU brokerage license in Latvia, under Dukascopy Europe, as part of the growth of the Dukascopy Group.
The Dukascopy group today offers forex and CFD traders competitive pricing and access to 54 forex pairs and 49 CFD markets on its proprietary JForex platform suite, which supports algorithmic trading and is compatible across nearly all operating systems and devices.
Commissions & Fees.
Dukascopy offers one account type for FX trading under its Forex ECN account, where the execution method can vary between agency and dealing desk. While the spreads are the same for all clients in the ECN account, the added commission rates you pay will vary depending on your trading volume, balance, and net deposits.
Using average spreads of 0.22 pips on the EUR/USD for the past 30 days during the US trading session at Dukascopy, combined with the default commission rate of 0.70 pips round turn, the all-in cost equates to 0.92 pips and is comparable to other brokers with commission-based pricing, such as Saxo Bank, FXCM, and FxPro.
Traders can open the ECN account either with Dukascopy Europe or Dukascopy Bank in Switzerland. The main difference between these two entities, besides regulatory jurisdictions, is that the former can be done with as little as $100, while the latter requires $5,000 – unless you are a Swiss resident, in which case, the minimum drops to $1,000.
In terms of all-in cost of trading, Dukascopy competes near the top among forex brokers that support automated trading and active trading programs such as FXCM, Forex, and Pepperstone.
Customer Service.
Starting with live chat, Dukascopy provides customer service through live chat on both its websites and from within the trading platform 24 hours a day throughout the trading week. While live chat was always easily accessible, our tests found the firm could improve this service to maintain the allure of a Swiss bank/brokerage offering a premium platform.
Helping to counterbalance its low quality of live chat, is the assignment of a dedicated account representative of your Dukascopy account, making support directly with your dedicated account manager a lot easier. This is especially true compared to s sent to general support, which, our tests found, took longer to be processed.
Lastly, phone support, which is also available 24 hours a day, was slightly below industry standards despite speedy connection times and friendly reps. Calls were made with both Dukascopy Europe and the Dukascopy Bank offices.
Dukascopy offers a diverse range of research tools in its JForex3 platform, including streaming market news, a live economic calendar with consensus forecasts, Dukascopy TV, and other research tools that help investors make educated trade decisions.
Dukascopy TV, the broker’s flagship research tool, is a fully staffed professional TV studio in Geneva that broadcasts content from in-house reporters who conduct interviews and market analysis.
Dukascopy TV, the broker’s flagship research tool, is a fully staffed professional TV studio in Geneva that broadcasts content from in-house reporters who conduct interviews and market analysis. Not only is the content relevant and insightful; it is also professionally created and educational, making it beneficial for all clients, regardless of skill set.
Other research tools include pattern analysis and automated trading systems within the charting experience. More on these tools below.
While I found Dukascopy’s research tools impressive, the broker could improve its offering by incorporating more of the research experience within the platform, as it already does with the economic calendar and news headlines. This would improve usability for clients and prevent constant redirecting to an external web page (a practice many forex brokers indulge in).
Platforms & Tools.
Dukascopy’s flagship platform is JForex3, a desktop and web-based platform that supports both Windows and Mac. Not only is the platform rich with trading tools and easy to use, but it is also fantastic for technical traders, which we will explore below.
For charting, a staggering 277 indicators are available in the JForex3 desktop platform.
For charting, a staggering 277 indicators are available in the JForex3 desktop platform. This is more than any other broker I’ve reviewed except for thinkorswim by TD Ameritrade, which offers 366 indicators. Whether using any of the 23 different drawing tools or adding and customizing indicators, I found charting to be a seamless and enjoyable experience.
Another useful, yet subtle feature is that every time you draw a new trend line, its color automatically changes, compared to most platforms where the color must be changed manually afterwards. While this is a subtle attribute, traders passionate about technical analysis will appreciate the broker’s attention to detail.
Dukascopy’s JForex3 platform also competes well with the MetaTrader platforms as it supports algorithmic trading and custom indicators, and provides cloud storage for clients who need a VPN to run their trading systems on a 24-hour basis. While the broker does support a third-party bridge for clients to access MT4, its main focus is on JForex. It also provides a tool for clients to make their MT4 Expert Advisors (EAs) compatible on JForex. Dukascopy also offers a signals market for social copy trading.
Signals and social trading aside, moving to the web-based version of the JForex platform, the web-version is not as appealing as the desktop version, although they share a vaguely similar layout. The primary difference between the two is that many fields are static and lack the dynamic feel of the desktop version. Furthermore, the toolset is not as deep as its desktop counterpart.
One other important drawback of web-based JForex3 is that it is Flash-based, like several of its competitors, including web platforms from OANDA and City Index. With Flash no longer being supported by mainstream browsers such as Google Chrome and Mozilla Firefox, a migration to HTML5 or some advanced form of Javascript is a must for web-based platforms. Needless to say, I recommend using the desktop version of JForex3 and not the web-based version.
Overall, Dukascopy is a broker that understands trading technology and provides traders the tools they need to succeed. While most forex traders prefer MetaTrader 4 to a proprietary platform built in house, JForex3 stands on its own and competes with the best on the market. Dukascopy finished Best in Class for Platforms & Tools in 2017.
Mobile Trading.
Among several mobile apps developed by Dukascopy, I focused my testing on its main SWFX Trader mobile trading app available for Android and iOS devices.
During tests on my Samsung Galaxy S7 Edge – there were several premium features that immediately stood out in the app, including integrated market signals and patterns alongside a pivot point tool. SWFX Trader also has robust charting with several customizable parameters and alerts that can easily be added from the same screen.
In terms of charting capabilities, one thing missing from the charts is the ability to draw trend lines and related drawing tools, although there are various chart types to choose from, including tick data, among other timeframes, and even templates that can be saved. Trend lines aside, charting operated seamlessly and was rich with options such as a list of 47 technical indicators – which is above the industry average for mobile trading.
Additional strongpoints in the app include the level-two quotes and several related order types, including conditional and bid offer orders, which can be used when placing a trade.
In the research domain, the SWFX Trader mobile app has an impressive range of useful tools, including several different pre-defined screens and a clean, customizable view of marker movers, which can be refined across four time frames ranging from hourly to monthly. There is also a pattern-recognition tool for trading ideas, organized neatly next to the other research categories.
Overall, the SWFX Trader mobile app has a great foundation but lags behind other top-tier offerings such as IG, Saxo Bank, FXCM, and CMC Markets. For example, adding drawing tools to charts and offering the ability to sync a watch list would improve the overall mobile experience and elevate its ranking among peers.
Other Notes.
When it comes to margin rates and available leverage, Dukascopy Europe offers up to 300:1 leverage, yet limits the weekend leverage by a factor of just over three, or in this case 90:1. The same ratio applies for lower leverage tiers, in an effort to help reduce client exposure and margin calls from gaps that can occur during the market open on Sunday due to weekend geopolitical events. This structure inherently discourages holding positions over the weekend – as margin requirements increase, making Dukascopy more friendly for intraday traders, and less accommodating for longer term investors.
Dukascopy is passported throughout Europe under MiFID from its Dukascopy Europe entity, which is regulated in Latvia, in addition to the Swiss banking licenses Dukascopy Bank holds. In Asia, Dukascopy is regulated in Japan where it caters to the local marketplace under a JFSA license and is a member of the Financial Futures Association of Japan.
Final Thoughts.
As a forex broker with roughly 100 tradable products, Dukascopy distinguishes itself with a diverse range of services within the SWFX online community. The broker does a good job of enhancing its overall offering with plenty of resources traders can use for research, for example Dukascopy TV.
For tools, Dukascopy has done a phenomenal job with its JForex3 desktop platform in terms of charting, ease of use, and depth of tools available. The platform also competes well against other third-party platforms such as MetaQuotes (MetaTrader) and Spotware Systems (cTrader).
With a Swiss Bank account offering for only $5,000, Dukascopy Bank is a great choice for highly experienced traders. Meanwhile, if you are a beginner, the low minimum deposit of $100 at Dukascopy Europe is an easy place to start.
Methodology.
For our 2017 Forex Broker Review we assessed, rated, and ranked 20 international forex brokers. Each FX broker was graded on 255 variables. Learn more.
Forex Risk Disclaimer.
There is a very high degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more.