Dukascopy Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Dukascopy - Swiss bank that offers online forex trading on its own proprietary platform.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
Dukascopy has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.
Dukascopy's JForex platform package, which includes our top mobile app,
offers forex traders with industry-leading trading tools and market analysis,
including our favourite mobile app. Customer support that is unstable, as well
as a limited selection of tradeable marketplaces, are among the disadvantages.
The fact that Dukascopy Bank is a regulated bank that is authorised in two
tier-1 countries makes it a safe broker (low-risk) for FX and CFDs trading is
well known.
The JForex 3 platform package from Dukascopy Bank is incredibly active and alive
with features, including a broad variety of charting tools and automated trading
capabilities, among others. In terms of mobile applications, Dukascopy's JForex
Trader app is our top pick for 2020. Overall, Dukascopy is able to stay up with
the main platforms like IG, CMC Markets, and Saxo Bank, among others.
In addition to the Japanese Financial Services Authority (JFSA), Dukascopy is licenced by the Swiss Financial Market Supervisory Authority and the Japanese Financial Services Regulatory Authority (JFSRA) (FINMA).
On its balance sheet as of June 30, 2019, Dukascopy Bank has assets of more than 148 million Swiss francs (CHF) in value. Additionally, traders who trade via the broker's Swiss business are entitled for insurance protection of up to 100,000 CHF from the regulatory compensation fund esisuisse.
Regarding trading fees, Dukascopy is towards the top of the list of foreign exchange brokerage firms that allow both automated trading and active trading programmes.
The Forex ECN account, which is offered by Dukascopy, has just one account type for FX trading, with the execution technique varying between agency and dealing desk. When trading on an ECN account, the spreads are the same for all customers; however, the additional commission rates you pay will vary based on your trading volume, account balance, and total net deposits.
Using average spreads of 0.30 pips on the EUR/USD for the US trading session during Q3 2019, combined with the default commission rate of 0.70 pips per round turn, the all-in cost equates to 1 pip, which is comparable to other brokers that charge on a commission-based basis, such as Saxo Bank. Spread data:
Tweets by DukascopyBankSA On the whole, it is apparent that Dukascopy is knowledgeable about trading technology and gives traders with the tools they need to be successful. JForex 3, Dukascopy's flagship platform, is a desktop and web-based platform that is compatible with both Windows and Mac computers. While some forex traders may prefer the MetaTrader 4 platform over a bespoke platform developed in-house, JForex 3 is a stand-alone platform that has been named Best in Class for the year 2020.
JForex 3 desktop is a powerful trading platform that is simple to use. In addition, it is a terrific tool for technical traders, since it has 24 drawing tools, 291 technical indicators (67 for the online version), and the possibility to import customised indicators. Leaving aside the positive aspects, it's important to note that zooming in and out of charts on the desktop platform was less smooth than on the other platforms examined.
Automated trading: JForex 3 is a strong competitor to MetaTrader since it allows for automated trading and the use of customised indicators. Furthermore, customers have access to cloud storage and virtual private network (VPN) services, allowing them to operate their trading systems around the clock. Dukascopy also offers an app store, which has hundreds of applications that traders may utilise in conjunction with the JForex 3 platform.
Advanced features: In addition to the close all option, which is typical in the market, Dukascopy goes a step further than other brokers by including a 'cancel all' button on their trading platform as well. This function is helpful for swiftly cancelling all orders, and it is something you would generally see employed by high-frequency traders since it is only accessible via the API interface.
For forex research, Dukascopy provides a good experience for traders owing to a comprehensive selection of research tools available in its JForex3 platform, which is available on desktop, online, and mobile devices.
Dukascopy's research tools include live market news from Reuters and MarketPulse, a live economic calendar with consensus projections, market sentiment indicators, technical pattern analysis, and automated trading systems that are integrated into the charting environment.
For more information, see Dukascopy TV's website. Dukascopy TV is a professional television studio located in Geneva that distributes news from in-house reporters that perform interviews and market research. It is not only timely and intelligent, but it is also professionally crafted and instructive, making it valuable to all customers, regardless of their level of expertise or experience.
Generally speaking, Dukascopy's JForex Trader mobile trading application is the finest in the business, bringing Dukascopy back to the top of the podium for mobile trading in 2020. The app's premium features instantly stuck out to me when I tested it on my Samsung Galaxy S8+ Edge, including integrated market signals and patterns, as well as a pivot point tool.
Charting: JForex Trader offers a powerful charting system that includes various customisable settings and alerts that can be simply added from the same screen as the trading platform. The charting interface was easy to use and provided a plethora of choices, including a list of 46 technical indicators - which is more than the industry average for mobile trading.
A number of advanced features, such as level-two quotations and numerous associated order types, such as conditional and bid-offer orders, are accessible when making a transaction, which are additional strong points in the programme. Tactics may also be picked from a repository inside the mobile app, which contains strategies that have been generated by members of the Dukascopy community.
Researchers will find an excellent choice of study tools in the JForex Trader mobile app. These include many pre-defined screens and a clean, configurable view of marker movers, which is adjustable over four distinct time periods ranging from hourly to monthly. A pattern-recognition tool for trading ideas is also available, and it is conveniently located next to the other study categories.
Dukascopy Bank is a fantastic option for highly experienced traders, since the broker provides a wide range of tools, research, and reasonable rates for those that trade on a consistent basis. Among the disadvantages are a lack of customer assistance and a limited number of trading marketplaces accessible for use. The fact is that in 2020, Dukascopy is the best-in-class broker in six categories: commissions & fees; platform & tools; mobile; cryptocurrency trading; overall.
Interbank forex trading for active traders, hedge funds, banks, and other financial institutions and professions Access to the SWFX - Swiss Foreign Exchange Market. The EUR/USD exchange rate has an average spread of 0.2 pips. One hundred million dollars with a single click.
Dukascopy Swiss Forex Group maintains its position as the global industry-standard for interbank forex trading by combining access to the Swiss Foreign Exchange Market with an enhanced trading platform and strong Forex Brokerage services provided through its banking partnerships with leading financial institutions.
In Switzerland, Dukascopy Bank is governed by the Swiss Financial Market Supervisory Authority (FINMA) (FINMA). The Financial and Capital Markets Commission regulates Dukascopy Europe, which is the company's European subsidiary (FCMC).
Dukascopy has been in business since 1998 and has a solid reputation. Dukascopy has offices in Hong Kong, Japan, Latvia, Malaysia, the Russian Federation, Switzerland, Ukraine, and the United Arab Emirates, in addition to its headquarters in Hong Kong. They are typically well-suited for Dukascopy to give their Forex/CFD trading services to customers all over the world, in general.
This broker is also regulated by the DFSA (Dubai) F004307, the FCMC (Latvia) May 2011, the FINMA June 15 2010, the FSA (Japan) 2408, and the European Securities and Markets Authority (ESMA).
Additionally, this broker provides Forex MT4 and Forex ECN Accounts in addition to its forex demo account. In order to handle your trading account properly, you must also take into consideration leverage and the minimum deposit. When it comes to leverage in general, Dukascopy offers up to a 1:200 leverage ratio at its most extreme. In the meanwhile, you may create a bank account with a $100 initial deposit to get started.
Aside from a large number of currency pairs, Dukascopy also provides a variety of products for you to trade on, including forex, gold and silver, and cryptocurrencies, to give you the finest possible option. Keep in mind that the trading conditions for various instruments will vary from one another. In this situation, you must make certain that your technique is well-suited to the instrument you have chosen for trading.
Bitcoin is a dependable payment option because of its cheap cost and short processing time. Recently, brokers have begun to accept Bitcoin as a form of payment, particularly in light of the cryptocurrency's growing popularity among investors. Traders who use digital wallets may now move money more simply between their trading accounts and their digital wallets.
Wire transfer is the most widely utilised mode of payment in the world. Almost all brokers throughout the globe provide this strategy as part of their service offerings. The reason for this is that wire transfer is essentially a standard transfer between banks all over the globe. As a result, the safety of this procedure is ensured. This is very beneficial for traders who choose not to accept third-party payments or who do not accept credit cards.
Skrill is a payment service provider that is available to almost all forex brokers in most cases. The primary reasons for traders to choose this approach are the speed, simplicity, and security of the transactions. Traders may fund their trading accounts with Skrill using a variety of methods, including credit cards, bank wire transfers, and funds straight from their Skrill e-wallet accounts.
Neteller, like PayPal, is one of the most widely used online payment systems available today. Because of its widespread use, practically all forex brokers now allow Neteller as a payment mechanism for both money deposits and withdrawals from their customers' accounts. Despite the fact that the Neteller system is accessible practically everywhere in the globe, it continues to be very popular in Europe.
Additionally, Dukascopy accepts payments in the form of Tether (USDT), Ethereum, and credit/debit cards.
A trading platform is a technology that allows you to purchase or sell an instrument with a few clicks on your smartphone, from any location and at any time. The chart is also frequently equipped with additional analytical tools that allow you to better understand the price movement and, as a result, boost your profitability by making well-thought-out transactions.
Dukascopy Bank, established in Geneva, provides trading opportunities in a variety of markets, including forex, metals, binary options, CFDs on bonds, commodities, indices, stocks, ETFs, and cryptocurrencies, all via the same trading platforms. Because of Dukascopy's work on developing the Swiss FX Marketplace, the company was granted a Swiss banking licence in 2010 and created the Dukascopy Bank.
They make an effort to offer trading services that are founded on the following fundamental principles: equal trading rights and a clear price structure. A licence from the Swiss Financial Market Supervisory Authority (FINMA) as well as a licence from the Financial and Capital Market Commission of Latvia allow Dukascopy to operate in Switzerland and the European Union (FCMC).
This electronic communication network (ECN) marketplace represents the most sophisticated generation of liquidity aggregators available in the industry. Dukascopy has developed proprietary technology that allows it to hedge any client's transactions in real time with other liquidity providers. The firm is presently linked to a number of liquidity providers, including Bank of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, and others.
All deals are often completed in milliseconds or less. Due to the fact that Dukascopy has the deepest source of liquidity in the business, spreads are kept as narrow as possible.
Opening a trading account with Dukascopy would get you access to the company's unique trading platform, JForex, which can be used from both a desktop and a mobile device. Traders may take use of a variety of tools available in the desktop environment, including hundreds of indicators, complex charting, historical testing, real-time news, and integrated customer assistance.
Customization, on the other hand, is limited due to the absence of pop-out charts, as well as built-in complicated desktops and watchlists. When using the web-based version of the Java-based programme, security warnings are shown in Chrome and other browsers, but JForex mobile versions provide seamless synchronisation across platforms.
Not only does trading in Dukascopy provide access to the JForex platform, but it also provides access to the MetaTrader 4 platform, which is highly regarded by many traders throughout the globe. Main features include experienced consultants and customised templates, among other things.
Furthermore, Dukascopy offers two other kinds of accounts, including the Mobile Current Account (MCA) and the Standard Current Account (SCA) (SCA). Traders who want to use their accounts for private purposes may select between the two account kinds. SCA, on the other hand, is more suited for corporate applications. The smallest order size that may be accepted is 1,000 units of the principal currency.
Commissions may be charged to customers based on the Dukascopy services that they use. A decreasing tier system is used to determine commissions and spreads. Clients are divided into tiers based on their monthly trading volume and net deposit.
Dukascopy has received a number of honours, including Best Forex Trading Apps 2019, Best Platform & Tools 2018, and Best Mobile Trading, among others. In addition, the firm has been recognised as the Best Forex Bank 2018 by the China (Shenzhen) Forex Expo, the Best Forex ECN/STP Broker 2018 by the London Forex Show, and the Best Provider of Liquidity 2017 by the International Association of Financial Technology (IAFT).
Traders will be able to fund their accounts using a variety of methods, including credit and debit cards, wire transfers, and bank transfers. Each customer is insured up to CHF100,000 against the bankruptcy risk posed by Dukascopy Bank, subject to certain conditions. Withdrawals from Dukascopy, on the other hand, will incur a $20 fee in addition to any bank or credit card fees that may be incurred.
Clients of Dukascopy have the option to earn additional profits via incentive programmes, which include the Equity Bonus, Discount Program, Experience Sharing, and Anniversary Bonus, among other things.
The minimum deposit amount for a Dukascopy Europe account is $100, but the minimum deposit size for a Dukascopy Bank SA account is $1,000. Deposits are accepted in a total of 23 different currencies. Depending on the client's profile and the kind of account, a variety of extra functions are made accessible to them.
In addition to its website, Dukascopy Bank also offers a variety of free financial information and other appealing resources via its Dukascopy TV online television channel, Freeserv products, and its active online Dukascopy community, which has more than 130,000 members in total. Product sections and trading platforms refer to a limited number of "how-to" articles and videos regarding forex, CFDs, indices, and cryptocurrency trading venues, according to an assessment of their customers' experiences.
Members of Dukascopy can communicate freely in a variety of languages about their trading experiences, market views, and trading strategies, and they can win prizes in a variety of contests. They can also communicate through advanced and secure chat and video conference systems that Dukascopy has developed.
The firm maintains a support crew that is available 24 hours a day, seven days a week by phone and live chat. Traders may also raise inquiries to the firm through email. A vibrant social media presence is maintained along with a dedicated help forum for JForex and automated trading.
Overall, Dukascopy is best suited for traders with extensive expertise and a
big number of transactions. Higher than average trading fees might put a strain
on novice and retail accounts, which may be forced to search elsewhere for
opportunities to improve their skill levels as a result of a lack of
instructional materials.
Is Dukascopy a reputable stock broker? When it comes to numerous factors,
including trading instruments, deposits and withdrawals, as well as customer
assistance, a reputable broker is an excellent service for traders. Something
that is beneficial to one trader may not necessarily be beneficial to another
trader. As a result, the meaning of the phrase "a good broker" might vary. The
parameters listed above might assist in determining whether the Dukascopy
brokerage is a suitable fit for your needs or not. Overall, Dukascopy offers
trading services in the following markets: forex, gold and silver,
cryptocurrencies, and CFDs. In terms of payment methods, you have a choice of
Bitcoin, credit/debit cards, Ethereum, Neteller, Skrill, Tether (USDT), and wire
transfer, amongst other options. Customer service is offered via a variety of
channels, including callback, email, forum, live chat, phone, and web form.
When it comes to Dukascopy, what is the bare minimum? The minimum first
investment in Dukascopy is $100.
Is Dukascopy a regulated company? Dukascopy is regulated by the DFSA (Dubai)
F004307, the FCMC (Latvia) May 2011, the FINMA June 15 2010, the FSA (Japan)
2408, and the European Securities and Markets Authority (ESMA). It is more
responsible to trade in an atmosphere where the broker is regulated. You may
also anticipate more assurances about the security of your cash since various
regulatory frameworks in the financial sector demand the establishment of a
compensation mechanism in the event of a catastrophic event that results in
financial losses for customers.
Is Dukascopy a legitimate company? Dukascopy is a brokerage firm that has been
in business since 1998, with offices in Hong Kong, Japan, Latvia, Malaysia, the
Russian Federation, Switzerland, Ukraine, and the United Arab Emirates.
Dukascopy has offices in Hong Kong, Japan, Latvia, Malaysia, and the Russian
Federation.
Along with the expansion of the Forex sector comes an increase in the number of
both licenced and uncontrolled organisations. Everyone is aware that making
money in the foreign exchange market is an excellent method to earn money
quickly and easily. Therefore, there are a great number of hazards and
manipulations to consider. It follows that there is no assurance that the
currency trading sector is secure in the first place. Many businesses, on the
other hand, are attempting to do their best by providing simple trade and a nice
experience. These are often government-regulated businesses that must meet a set
of criteria in order to operate. The possibility exists that these businesses
are attempting to influence their clients on the flip side of the coin. Because
of all of these considerations, it is essential to be aware of market dangers,
carefully choose your broker, and understand how much money you should invest in
the market.
According to the information gathered from their website, this is a subsidiary
of Dukascopy Bank SA (Dukascopy Bank). This project began in Geneva,
Switzerland, in 1998 and is still ongoing. A branch of Dukascopy Europe IBS AS,
a European investment brokerage firm based in Riga, Latvia, is licenced by the
European Union as an investment brokerage company. While dealing with a Swiss
bank, Dukascopy is subject to additional regulation by the Swiss Financial
Market Supervisory Authority, which regulates both the bank and the securities
dealer sectors of the financial market. As many people are well aware, the Swiss
financial system is often regarded as the most stable and secure in the world.
There are other branches in Japan, including Dukascopy Japan, which is a Type-1
registered broker based in Tokyo, and Riga, Latvia-based SIA Dukascopy Payments,
which is a European recognised payment and e-money corporation based in Riga.
Andre and Veronika Duka founded this company in Geneva in November 2004 as a
result of their marriage. It is crucial to note that Dukascopy Bank has offices
in Zόrich, Riga, Kiev, Moscow, Kuala Lumpur, and Hong Kong, and that the
Dukascopy Group employs more than 300 people worldwide, including more than 300
in Hong Kong. Its primary business is the provision of online and mobile trading
services via the SWFX Swiss FX Marketplace, which provides online and mobile
trading alternatives for forex, precious metals, and contract for difference
(CFD) contracts. A total of 20 major banks are connected via the SWFX, which
immediately executes orders on a Straight Through Processing basis. Most
essential, participants on both the purchasing and selling sides of the
transaction engage on an equal level.
JForex is the name of the Dukascopy central trading platform, and it provides a
variety of risk management measures as well as simple control over order
execution. With the use of a safe "one-click" option, clients may exchange
millions of dollars in a single transaction. Traders who want to trade manually
or automatically might consider this platform. There is also a newer version of
JForex, known as JForex3, which makes minor changes to the existing platform and
improves it slightly.
All trading platforms offered by Dukascopy Bank provide access to the Swiss
Forex Marketplace (SWFX). They are intended to respond and react quickly in
response to a variety of events that may arise on the market. In addition to
other qualities, they have a highly structured perspective that enables them to
monitor the market, current exposure, management of their orders and positions,
and other characteristics with ease. As well as the online platform, there are
other mobile platforms that enable quick market access; the latter is accessible
for both Apple iOS and Android devices.
Customers' account kinds are determined by the amount of money they put into
their accounts at the outset. Examples include accounts beginning at USD $100,
accounts exceeding $5,000, accounts over $100,000 and accounts over $250,000. It
is crucial to note, however, that Dukascopy Bank SA only accepts accounts with a
balance of less than 5,000 USD for Swiss citizens, and that ECN accounts with a
minimum deposit of 100 USD are only accessible to customers of Dukascopy Europe,
not other financial institutions.
Customers can take advantage of the company's anniversary bonus, equity bonus,
discount programme, and the option to invite a friend, among other incentives
and perks available to them. Rewards are only given out if you actively request
them, and they will only be applied if the required turnover has been satisfied.
The customer may, however, withdraw money at any time, but doing so will result
in the forfeiture of the bonus.
There are three different payment options available to Dukascopy Bank clients
for their trading accounts. The use of debit and credit cards for financing is a
welcomed alternative. The sorts of cards accepted by Dukascopy Bank SA, on the
other hand, are subject to change at any moment. As a result, you should be
aware of the risk of this occurring at any moment. For the protection of our
customers, the maximum amount that may be accepted using this payment option is
CHF 10,000, or the equivalent in USD, EUR, GBP, AUD, CAD, JPY, PLN, SEK, NOK,
DKK, and RUB in the following currencies: USD, EUR, GBP, AUD, CAD, JPY, PLN,
SEK, NOK, DKK, and RUB. You may also fund your accounts through wire transfers
and bank guarantees, in addition to the methods listed above. Important to note
is that all clients are welcome to establish accounts in any of the following
currencies: USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, HKD, MXN, NZD, PLN, RUB,
SEK, SGD, TRY, and ZAR. To make deposits and withdrawals, the card holder's name
must match the name on the account with Dukascopy Bank SA. Transfers from third
parties will not be approved, and transfers from third parties will not be
accepted. This bank does not charge fees for account funding by credit or debit
cards; however, the partner banks levy a commission fee of 2 percent on the
transaction amount for transactions in EUR, USD, GBP, or CHF, and 2.5 percent
for transactions in AUD, CAD, JPY, SEK, NOK, DKK, RUB, or PLN. A reminder that
the bank may provide a guarantee for several accounts held under the same name,
and that it will provide a guarantee for deposits beginning at $100,000 USD.
Dukascopy provides customer service 24 hours a day, five days a week by email,
phone, live chat, and video call. Although their main website, which is
accessible in 13 languages, has all of the relevant information, you may also
find it on their subdomains.
Dukascopy Bank is a financial organisation based in Switzerland that was
established in 2004. European and Asian customers of Dukascopy may take use of
the company's banking, online brokerage, and trading services. They are
primarily concerned with providing Contracts for Difference (CFDs), Forex,
binary options, and cryptocurrencies to their rapidly expanding customer base.
This trading platform is regarded secure since it works as a bank and is
regulated by the Swiss Financial Market Supervisory Authority (FINMA), in
addition to holding licences to operate as a brokerage company in Japan and
across Europe. It is headquartered in Switzerland.
Dukascopy is a Swiss bank and well-regarded online broker that is licenced by
two top-tier regulatory authorities. CFD and Forex trading may be conducted with
confidence as a result of this.
A good selection of financial items is available from them. It should be
sufficient for the majority of dealers.
The powerful trading platform provided by Dukascopy is one of the company's
primary attractions. This comprises the JForex 3 platform as well as the
Universal JForex platform, among others. This platform was created primarily for
PC use, and it offers a more enjoyable trading experience overall.
This broker also supports Meta Trader 4, and its proprietary platforms, which
include algo trading, are capable of supporting automated trading techniques.
Given the enormous variety of trading platforms accessible, Dukascopy is not the
only online brokerage business to consider when looking for an online brokerage
firm. f Identifying the finest online broker that meets your requirements might
take some time if you are looking through a large number of options. This
evaluation should provide you with a thorough understanding of Dukascopy,
including how it operates and the services it provides.
Throughout this analysis, we will give you with important insights into the
operation of the Dukascopy trading platform. We will go through their fees,
minimum deposits, financial instruments that are offered, as well as a slew of
other intriguing and important information. After that, you'll be able to make
an educated choice on who you want to deal with.
JForex is the name of Dukascopy's proprietary trading platform, which is
intended for both manual and automatic trading, also known as algorithmic
trading.
There are 250 technical indicators and research available on the portal. A
variety of tools, such as an economic calendar and a news feed, as well as an
automated trading capability and a multi-language interface, are included. Even
though traders may make their trades manually, the coding for the automated
trading capability can be completed using the Java programming language.
The JForex Web 3 platform is a web-based trading platform that uses cloud
computing to operate. It includes 46 different indicators, an auto-trading
strategy feature, live market news, calendars, and other cool add-ons, all while
requiring only a minimal set of technical specifications from the user.
Based in London, Dukascopy is a worldwide online financial trading platform and
multi-asset broker that was established in 1998.
Over the course of 24 years, Dukascopy has evolved to provide individual
investors with Social Trading as well as Binary Options trading.
Dukascopy is a global broker with offices all over the world. With its
headquarters in Switzerland, Dukascopy has a global presence.
When it comes to trading in the financial markets, finding a broker that fulfils
your requirements may be a time-consuming process.
The purpose of this Dukascopy assessment is to examine the platform's ability to
perform in its position as an international multiple financial asset trading
platform for traders in 2022, and to provide recommendations for improvements.
It is common to have to visit and read many broker websites, each of which has a
distinct linguistic style. The phrasing might be quite difficult to understand.
Choosing an online broker such as Dukascopy can be a challenging task. Starting
out in the financial markets can be difficult for newcomers, who may encounter
obstacles such as a confusing mobile or online trading platform, difficult to
comprehend investment terminology, and perplexing fee structures. In our
Dukascopy review, we discuss the advantages and disadvantages of the product.
What Dukascopy is able to provide, and which countries Dukascopy is currently
accessible in are all listed here. Who Dukascopy is regulated by, as well as
other information.
Dukascopy is a multi-asset trading platform that offers over 100 tradable
assets. Dukascopy offers a variety of assets, including Social Trading and
Binary Options.
Dukascopy engages in the trading of a wide range of financial assets. In
finance, a financial asset is any security or asset that has a monetary value
associated to it, regardless of whether it is physical or intangible. As a
result, Social Trading and Binary Options are regarded as financial assets under
the law.
In the past, I've expressed dissatisfaction with binary brokers that all seem to
be the same, use the same old slogans like "We Are The Leaders Of The Industry,"
and then fail to display even the smallest amount of professionalism. When it
comes to Dukascopy, all of this comes to a halt since we are dealing with one of
the industry's behemoths and I am not just speaking to the binary options
market, but to the trading industry in general - in this instance.
As a large organisation with various sections and sometimes intricate processes,
this one deserves to be mentioned. I've had to spend a significant amount of
time understanding all of the structure and obtaining all of the information,
which means they're lacking in terms of user-friendliness, but don't worry, this
isn't a deal-breaker.
Currently, I'm here in front of my laptop, pondering how I should respond to
this issue in a professional way. "LOL, are you kidding me?" is one of the first
responses that comes to mind. as well as "What? "How can you possibly believe
that Dukascopy is a scam?" However, those are not very professional, so I will
make an effort to improve. This is a broker with roots dating back to 1998
(later in 1999, they launched Dukascopy Trading Platform and in 2004, the Swiss
Brokerage House) and is owned by a Swiss bank with all of the necessary
credentials, so I believe it is safe to say that Dukascopy is not a scam. In the
absence of trust in an institution with decades of trading experience, who can
we put our faith in?
It has been a market leader in the online trading sector for many years,
providing FX, CFD and Binary Options trading on a variety of trading platforms.
The bank that owns the company is Dukascopy Bank SA, and it is extremely
essential to understand that we are dealing with a Swiss bank that is regulated
by the Financial Markets Authority (FINMA) (Swiss Financial Market Supervisory
Authority). Considering that Switzerland has one of the most reliable banking
systems in the world, trading with Dukascopy should be far safer than dealing
with any CySEC authorised brokerage.
Tweets by Dukascopy_News
Dukascopy Bank SA is a financial institution with branches in Europe and Japan.
With its headquarters in Riga, Latvia, Dukascopy Europe IBS AS is an EU-licensed
investment brokerage company (100 percent owned by Dukascopy Bank SA). It is
regulated by the Financial and Capital Market Commission of Latvia, and it is
part of the Dukascopy Group (FCMC). EEA Authorization is also granted by the
British Financial Conduct Authority (FCA) under the reference number 575672 to
Dukascopy Europe IBS AS.
A Type-1 licenced broker with headquarters in Tokyo and oversight by the
Financial Services Agency of Japan, Dukascopy Japan K.K. is the company's
Japanese subsidiary (JFSA).
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Tweets by financemagnates
Tweets by CoinMarketCap
When it comes to the trading platform, it is immediately apparent that we are
dealing with a professional financial organisation, rather than a supplier of
slot machine services. The chart, which is large and clearly visible and
displays candlesticks, bars, or lines, is the main attraction. Technical
indicators may be employed, time periods can be altered, and in general, it
provides the opportunity to do appropriate technical analysis on a given asset.
Although the platform is more difficult than what most binary options traders
are used to, after a little amount of time, it becomes intuitive to navigate and
trade on. To allow you to get some practise in, they provide a free demo account
free in the sense that you do not have to deposit anything in order to use it.
Tweets by Dukascopy_TV
So far, everything has been wonderful, but surely there must be a drawback
somewhere? The fact that their minimum deposit is 1,000 USD is a major
disadvantage, in my opinion, because most traders are unwilling to invest such a
large sum of money. However, if I think about all of the stories where a client
wants to invest $250 and, under the pressure of the broker, deposits a total of
$10,000 only to lose everything because his account was traded into the ground
by the account manager... maybe depositing $1,000 with a Swiss bank right from
the start is a better idea. Don't despair if you don't have $1000 to deposit
because, according to their rules, "the minimum deposit size for an account with
Dukascopy Europe is 100 USD, while the minimum deposit size for an account with
Dukascopy Bank SA is 1000 USD."
This means that Europeans may establish accounts with as low as $100 (although
they will not be able to trade BO owing to ESMA laws; only FX and CFDs will be
available); the rest of the globe, on the other hand, must fork up $1000. For
those who are familiar with traditional binary options brokerages the
"leaders," the ones with simplistic and limited platforms it may appear that
using Dukascopy is more complicated because their platform is different and has
more features. However, this is not necessarily the case. No, it isn't! While it
may take you a little longer to adjust, I feel the additional work will be well
worth it in the long run.
Dukascopy Bank SA is situated at Route de Pre-Bois 20, ICC, Entrance H, 1215
Geneva 15, Switzerland, and may be reached at +41 (22) 799 48 88 or through
email at dukascopybank@dukascopy.com. Dukascopy Europe IBS AS, situated at
Lacplesa iela 20a-1, Riga, LV-1011, Latvia, phone +371 (6) 739 90 00. Dukascopy
Europe IBS AS is a subsidiary of Dukascopy Corporation. Located in 6F Ginza
Square, 2-14-4 Ginza, Chuo-ku, Tokyo 104-0061, Dukascopy Japan K.K. is a
Japanese company that produces dukascopy products. Dukascopy now has offices in
Moscow, Hong Kong, and other cities across the world.
The adage goes something like this: "The one who doesn't work makes no errors."
This is true in certain cases. If your clientele is large, it is inevitable that
some complaints would arise, and this is also the case with Dukascopy. There are
some internet complaints, but the most of them are directed towards their Forex
platform, which, according to some, may be cumbersome and freeze at times.
Therefore, binary options traders who have utilised Dukascopy have not had any
significant issues.
The Bonus is equal to 100 percent of the deposited money, and although under
normal circumstances I would advise against participating, I am not doing so
this time around. The reason behind this is as follows: 1). Only if you
specifically request it will you be eligible to receive the Bonus. 2). Only
after the turnover requirements have been met will the bonus be applied (pending
bonus structure). 3). The client has the right to withdraw at any time, but
doing so will result in the forfeiture of the Bonus. For better or worse, you
are not tethered to the platform, and this bonus is not a money pit for you to
sink your money into. But you have one year to complete the needed volume, which
is 40 times the value of the incentive. This is a significant challenge, but you
will have plenty of time to do it.
Credit/debit cards, wire transfers, Skrill, Neteller, and Bitcoin are all
accepted as payment methods, as well as other options. Processing may take up to
three business days, which is quicker than other brokers (they are, after all, a
bank), but more significantly, it is safer than other methods. Furthermore,
there are no minimum withdrawal amounts, so you may withdraw as much or as
little as you choose.
Aside from their expertise, charts, technical indicators, and the fact that they
are one of the largest brokers in the world, Dukascopy also provides a variety
of contests, ranging from trading contests to Miss Dukascopy competitions. I
understand the trade competition, but I'm not so sure about the beauty pageant.
Different strokes for different folks, as they say. We might also highlight that
Dukascopy has established a cryptocurrency called Dukascoin, which is a digital
asset. Please refer to the White Paper for further information.
However, I must confess that the whole website is a little difficult to browse,
but this is mostly due to the overwhelming quantity of information accessible.
Despite the fact that everything is nicely organised, it will take some time to
discover what you are searching for. Although the site is more harder to use
than a standard binary options platform, it is still manageable for novice
traders. The website is accessible in 13 different languages, as well as on
mobile devices and with sample accounts. Clients from the United States,
Belgium, Israel, and Canada are not welcomed.
Dukascopy only provides 18 currency pairings to trade as binary options, which
is a small number, and they might stand to expand their offering in this area
(they offer a lot more assets for CFD trading). Expiry times vary from 3 minutes
to 12 hours and 56 minutes, which would likely suit traders who like options
that expire quickly or in a medium amount of time.
According on the mode of deposit, fees for deposits vary from 1.2 percent to 2.5
percent of the total amount. Withdrawal costs may be as high as 50 USD for wire
transfers and 2.5 percent for Skrill transfers, which is a little on the
expensive side for certain players. Support is responsive and friendly; you will
not be subjected to any pressure to make a deposit, and the information provided
is correct. In practise, the effective return ranges from 70 to 90 percent, and
clients have the option of choosing a lower payout in exchange for a higher
refund, which makes it an excellent tool for risk management.
The minimum deposit for Dukascopy's European branch is 100 USD, but the minimum
deposit for the rest of the globe is 1,000 USD. Most major credit and debit
cards, wire transfers, e-wallets (such as Skrill and Neteller), and
cryptocurrencies are all accepted as payment methods (Bitcoin, Ethereum, etc.).
Withdrawals might take up to 3 business days to show in your account, however
deposits can appear in your account in as little as 1 day or less. The bonus may
go up to 100%, however you can withdraw your winnings at any moment before the
40 times turnover requirement is met (however, this will cancel the bonus).
Beauty pageants, trading competitions, their own cryptocurrency, and Dukascopy
TV, which has been registered with the Federal Office of Communications of Swiss
State regulator OFCOM, indicating that they are an official Swiss television
broadcaster, are all part of the company's marketing strategy.
Learn more about online trading brokers for UAE citizens and residents.
Sites like Dukascopy in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Gulf Brokers - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulf Brokers Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)