REVIEW DUKASCOPY

 
  1. Pros
    This is a well-regarded Swiss institution with the ability to support custodial banking services (segregated banking). It is an ECN-type broker with a reputation for transparency and fairness.

    Cons
    You can only use MetaTrader with this service with a third-party adaptation. In addition, Dukascopy does not accept U.S. clients.

    The Verdict: 9.6/10If you are an experienced forex trader looking for equal trading rights, transparent pricing and ECN liquidity, Dukascopy can satisfy your requirements. It can handle large volume trading, even up to two million USD in one click.

    Dukascopy, as Swiss banks are known for, is efficient, fair and supports client privacy. This forex broker is headquartered in Geneva and has representative offices in Honk Kong, Ukraine and Latvia, with offices soon opening in Malaysia and Russia. This well-reputed Swiss forex broker provides excellent client services globally and earns our TopTenREVIEWS Silver award. This ECN broker is a wise choice for experienced, large-volume traders and those who desire to manage forex trades using a custodial banking service utilizing another Swiss bank. Although this service allows a minimum first-time deposit of 100 USD (Dukascopy EU), rate incentives are more beneficial on higher-volume orders.

    This foreign exchange broker strives for optimal transparency. Dukascopy provides the same price feed to everyone without exception and combines individual bids/offers of all SWFX market participants in one place. It also provides accurate information in terms of market liquidity and whether there is sufficient volume of liquidity available at any given moment. Dukascopy also has a good reputation for releasing funds in a timely manner.

    Dukascopy Bank SA is a member of l'Association Romande des Intermédiaires Financiers (ARIF) and as of 2010, has obtained a banking license with the Swiss Financial Market Supervisory Authority (FINMA). Dukascopy is a financial intermediary in compliance with Swiss regulations on money laundering. Dukascopy supports a large, global client base with clients trading from Dubai, Munich, Cairo and beyond. However, the company is not regulated by the U.S. Commodity Futures Trading Commission (CFTC) and does not accept U.S. citizens as clients.


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