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Duskacopy Reviews

About the company:

Dr. Andre Duka and his partner, Veronika Makarova, started the brokerage firm, which is based in Geneva, in 2004. The Swiss Financial Market Supervisory Authority licenses it to serve retail consumers. Under the supervision of the Financial and Capital Market Commission, its subsidiary, Dukascopy Europe, covers the European market. The firm established a banking section in 2006, which provides current account and credit card services. In 2015, it acquired Alpari Japan KK, a bank authorized by the Japan Financial Services Agency to grow into e-banking. Customers have access to the following assets: CFDs, Butter, Gold, ETFs, Metals, Bonds, Indices, Products, Binary Options, and cryptocurrencies.

Trading platforms

For technical trading and automated techniques, the JForex 3 system is ideal. It may be downloaded from a desktop or accessed using a web browser. Traders can assess the market mood using online charting, 24 sketching tools, and over 270 indicators and charts. Cloud storage and VPN services keep tactics operating 24 hours a day, seven days a week. A detailed historical tick data stream, created in the Python API and dating back to 2003, is also provided.

Integrated market signals, customized alarms, and seamless charting operations are all included in the mobile app, which is available for iOS and APK. There are 46 different technical indicators to choose from. The only drawback is that mobile subscribers who receive more than 20 SMS notifications per month will be billed.

Web Binary Trader guarantees direct market access for binary options. Users may trade with a single click and profit from predefined rewards and risks. The deal’s money yield ranges from 70 percent to 90 percent of the premium paid. There are no commissions or hidden costs, and trading amounts start at $1. It’s a simple, user-friendly interface that makes binary options trading simple.

Duskacopy Отзывы

Spreads, commissions, and leverage

Popular currency pairings like EUR/USD and USD/JPY have average spreads of roughly 0.3-0.4 pips. Because of the default commission rate of 0.7 pips, the typical overall cost of trading is about one pip, which is comparable to other providers. Please note that accounts that do not initiate positions after a year are subject to an inactivity fee of up to $40 per year.

Retail accounts have defaulted to a leverage ratio of 100:1 (30:1 on weekends). When starting an account, however, leverage usage and margin requirements are agreed upon, with a maximum allowed leverage of 200:1. On the broker’s website, you may find a margin calculator.

Payment methods

When it comes to deposit and withdrawal methods, client feedback on Duskacopy.com is mixed. Users may only make deposits via prepaid debit and credit cards, as well as bank transfers.

The minimum deposit is $100, and payment fees range from 1.2 percent to 2.5 percent.Card payments are the quickest, generally taking one business day to complete, although bank transfers might take up to two business days. 1000 base currency is the minimum lot size. When it comes to withdrawing cash, users have additional options. You may use Skrill, Neteller, and Bitcoin in addition to plastic debit/credit cards and bank accounts. There is no minimum withdrawal amount. However, the maximum withdrawal value is $50. Dukascopy’s payment rating will increase with the addition of popular payment options like PayPal, as well as decreased deposit and withdrawal costs.

Licensing

The Swiss Financial Market Supervisory Authority, which is extremely stringent, regulates Dukascopy. Securities dealers in Switzerland, in reality, are required to hold a banking license. Clients of Dukascopy are covered up to CHF 100,000 in the event of the broker’s insolvency.

The Financial and Capital Market Commission regulates the company throughout Europe. Users can also benefit from negative balance protection, which protects them from losing more than their original investment.

Additional features

A live economic calendar with projections, as well as newsfeeds from Reuters and MarketPulse, are accessible. Traders may also compete in trading contests to evaluate how they stack up against their colleagues. Furthermore, the website offers a variety of manuals and seminars to assist traders in better understanding specific instruments or markets, such as the Dax 40.

TV

To keep consumers up to date on the latest market news, the Geneva TV studio and its reporters interview industry professionals and debate the market mood.

Automatic trading

Algorithmic trading is accessible on the platform, so automated traders may rest assured. Before going live, automated tactics may be evaluated using historical data.

Account types

A forex and CFD trading account, as well as a binary options trading account, are available from the firm. For Islamic merchants, there is a swap-free account. Percent Al Location Management Module, which has received good customer feedback, is also available for managed accounts.

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