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Overview

Dukascopy was founded in 1998 by Dr. A. Duka together with leading physicists, who set themselves a task to implement a financial system that could allow customers to receive the highest profit while working on global financial markets. A trading platform was created in 1999 that allowed customers to trade on the foreign exchange, stock and commodity markets, which was recognized by many traders.

Dukascopy launched a brokerage house in Switzerland in 2004, which allowed it not to sell its high-tech developments and to provide based on them services for traders from around the world, allowing them to work on the global financial markets.

The company Dukascopy obtained a license in 2010 for conducting bank activities from the Swiss organization that controls financial markets (FINMA).

Nowadays Dukascopy has Representative Offices in different countries of the world and it provide its customers with high-quality services both in the bank field and on the international financial markets

Despite the worldwide fame and a large number of customers among large companies, gives ordinary users the opportunity to trade on the foreign exchange market, because the minimum deposit is only $100. Novice Forex traders can pass free training on the site of the broker with the help of the large amount of printed materials, as well as webinars, seminars, which are regularly shown on online TV. The broker holds also a lot of contests that allow new Forex traders to get good Forex bonus, which can then be used for trading of currency pairs, securities or precious metals.

Bonuses

Dukascopy holds for its customers a great number of various contests, where fairly large money prizes are drawn and every trader can become an owner of one of these awards.

The contest of traders on demo accounts is organized regularly for all customers of the broker. The contest is held within a month and users need to show the highest profit during this time, trading with virtual money on the foreign exchange market.

The prize pool is distributed among the participants according to places:

- the 1st place - 5,000 dollars

- the 2nd and the 3rd places - 2,500 dollars

- the 4th-6th places - 1,000 dollars

- the 7th-10th places - 500 dollars.

Cash prizes can be used for trading on the Forex market and they can be withdrawn after the commitment of a certain trade turnover, determined by the employees of the broker.

The contest of technical analysis is held for all the broker's customers and it consists in the fact that participants predict using technical analysis the behavior of the major currency pairs within the next month. The prize pool is $5,000, which is distributed according to the prize places between fifteen participants with the most accurate predictions of the behavior of the Forex market.

The prize pool of $15,500 is monthly drawn in the contest of articles. The broker's customers need just to publish on the website of the broker an interesting article about the international foreign exchange market, profitable Forex strategies, effective methods of analysis and other topics related to Forex to take part in this contest. Based on the results of the contest Forex bonuses are paid to participants, who gain the first four places:

- the 1st place - 5,000 dollars

- the 2nd and the 3rd places - 2,500 dollars

- the 4th-6th places - 1,000 dollars

- the 7th-10th places - 500 dollars.

Cash prizes are available for trading on the Forex market, but in order to withdraw them from the account customers will need to make certain trade turnover, which will be reported to the winners by employees.

The contest of strategies is held regularly, but it is open to experienced traders who are able to create their own automatic Forex expert advisors. Traders who create easy and profitable Forex advisor will be awarded with an impressive cash prize.

Distribution of Forex bonuses between winners:

- the 1st place - 5,000 dollars

- the 2nd and the 3rd places - 2,500 dollars

- the 4th-6th places - 1,000 dollars

- the 7th-10th places - 500 dollars.

Dukascopy organizes also many other competitions, such as the contest Dreams the Competition of Love, poker contest and many others, where the prize pools range from 2,000 to 15,000 dollars. The biggest prize pool comprising $250,000 is drawn in the competition "Miss Dukascopy - 2013", which is open to females, who are customers of the broker.

Training

Dukascopy offers to pass training of trading on the Forex market with the help of numerous learning materials, but they are currently available only in English.

Quite detailed technical analysis with examples for different currency pairs is available on the site of the broker. Novice traders can learn how to make the analysis using candlesticks, how to use support and resistance levels, what patters give signals of the beginning of upward or downward trends and so on.

In addition users who know English can learn the basics of fundamental analysis and how to use the news for profitable trading on the Forex market.

Video tutorials are available on the site of Dukascopy from which customers can learn how to use the exclusive trading platforms of the broker, how to trade on the foreign exchange market and how to use correctly the various Forex strategies.

Online TV, present on the website of the broker, allows broadcasting seminars and webinars for both beginners and experienced traders. Seminars are held at the representative Offices of Dukascopy, located in Geneva and Zurich, which are broadcast live and are also recorded. Experienced teachers explain at seminars in detail how to use trading platforms of Dukascopy and conduct also training of operations on the Forex market using technical and fundamental analysis. Currently seminars are conducted in English and German.

Webinars allow customers of the broker to receive accurate instructions on how to install and use the trading platform Dukascopy and they are available in different languages. Online webinars are conducted in Russian on Mondays at 3.00 p.m. GMT.

Terms of trading

Broker Dukascopy offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $100

- the leverage is to 1:100 (1:200 by agreement with the bank)

- a lot of currency pairs, securities, gold, silver, futures)

- spread is fixed from 2 points.

JAVA

- multi-language support

- a wide range of instruments for technical analysis

- addition of new Forex indicators

- trading by one click

- execution of orders of all types

- optimized for manual trading

- market signals

- news of the foreign exchange market and analytics.

JForex

- multi-language support

- a wide range of instruments for technical analysis

- addition of new Forex indicators

- trading by one click

- execution of orders of all types

- strategy editor for automatic trading

- optimized for charts trading and automatic trading

- market signals

- news of the foreign exchange market and analytics.

WEB

- multi-language support

- low technical requirements

- trading via browser without download

- a wide range of instruments for technical analysis

- addition of new Forex indicators

- trading by one click

- execution of orders of all types

- optimized for instant access to the market

- market signals

- news of the foreign exchange market and analytics.

Gateway to trading platform MT4

- multi-language support

- access to platform MT4 via a special bridge

- the usage of all the MT4 features

- template customization

- expert Forex advisors.

Dukascopy Bank offers its customers the opportunity to open one of the accounts for trading on the Forex market, which differ in the amount of the minimum deposit and services offered for these accounts. The minimum deposit on a trading account comprises $100.

Trading account up to 100 dollars:

- services: SWFX technologies.

Trading account from 100,000 dollars:

- services: SWFX technologies, trading API, bank guarantees.

Trading account from 250,000 dollars:

- services: SWFX technologies, trading API, bank guarantees, depository services of other banks.

Forex indicators (recommended)

- Ind TD DeMark

- Instant Trend Line

- Silver trend Signal

- Anchored Momentum

- Price Channel.

Forex expert advisors (recommended)

- Forex Wallstreet EA (an automatic Forex advisor that is capable of self-learning and making the correct decisions while trading on the foreign exchange market, based on previous transactions, and distinguished itself to be very effective for operations in the time frame M15)

- Ilan (an automatic Forex advisor, elaborated on the basis of Martingale method and having many settings, which allow setting it up both at short-term and long-term distances on different currency pair)

- Forex EA Better (an automatic Forex advisor that is capable of self-learning based on the history of transactions, showing good profitability while trading on the foreign exchange market after a competent setup).

Investments

Dukascopy offers all its customers the opportunity to invest funds in successful managers. This capability is provided by PAMM-accounts using which managers can trade on the foreign exchange market and investors can always see the action of traders, who have received in management their funds.

Unique features

Dukascopy enables users to watch online TV that is present on its Internet site, where all the events in the world of finance are regularly covered, as well as technical and fundamental analysis is provided by experts of the foreign exchange market, allowing traders to make the right decisions upon marker entry and exit from it.

Customers of the broker can also open an account in a Swiss bank account, use online banking of Dukascopy, exchange currency online and, if necessary, take out a loan in the bank with a global.

Add/withdraw funds

Dukascopy offers the following methods of deposit and withdrawal of funds: VISA, MasterCard, Visa Electron and Maestro

Contacts

Dukascopy provides the comprehensive support to its customers via live-chat, e-mail address [email protected] and international phone number +41 0 22 799 48 48. In addition, customers can order a free callback, filling in an application form on its website.

Cons and pros

+ the world renowned broker

+ the minimum deposit is $100

+ small spread

+ good leverage

+ many promotions and contests

- a great number of documents for opening an account.

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