By default the initial leverage for regular trading hours is set to , which allows to increase exposure up to a times the amount of the equity. The. Margin cut or cut-off level (Use of leverage ≥ %). If the Use of Leverage reaches or exceeds %, Dukascopy Bank has the right (but not the. Traders trading EURCHF are invited to estimate margin usage at the moment the maximum leverage on EUR/CHF will be reduced and adjust their exposure. SATOSHIDICE BETTING BOTH PASS
Dukascopy Bank does not charge any additional fees other than the premium for entering into binary options contracts. However, the client understands and accepts that the market spread between the BID and the ASK price which exists for all tradable instruments negatively influences the probability of a gain.
It should be noted that, in the case of Up option, the strike price of the option is based on the ASK but the relevant price at the maturity of the option, which determines if the option is In or Out-of-the-money, is the BID price.
This means that, in order to be In-the-money, the price of the underlying shall move in the forecast direction more than the spread size. Fees are converted to the base currency of the client account and are charged at the settlement time. Other types of trading accounts e. Dukascopy reserves the right to change and amend conditions of the program at any time on its own discretion.
Please note that the discount does not apply by default for clients who held accounts with other brokers. To be eligible, client must request the discount during the account opening process. The campaign will end on All account opening applications submitted after This offer does not apply to clients of Dukascopy Group or any of its white label partners.
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For our Review, customer service tests were conducted over six weeks. Results Average Net Promoter Score: 4. Drawbacks include weaker customer service and a narrow offering of markets available for trading. All variables considered Dukascopy finished in 4th place Overall out of 30 brokers in our Review, earning its spot among the highest-rated forex brokers in the industry.
About Dukascopy In , mathematician Dr. Andre Duka founded Dukascopy Trading Technologies Corp, which led to the development of the Dukascopy trading platform in Together with his partner, Veronika Makarova, Dr. Duka founded Dukascopy in as a Swiss brokerage house in Geneva. The Dukascopy group today employs over staff and offers forex and CFD traders competitive pricing and access to 60 forex pairs and CFD markets on its proprietary JForex platform suite. Read more on Wikipedia about Dukascopy.
Leverage of for EU Clients. Market execution. The use of hedging while trading on this account. Demo Account Dukascopy offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following: A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trading platforms have been installed on either Desktop PCs that use Linux, Windows, or macOS, or Mobile devices such as tablets and smartphones that run Android or iOS operating systems.
Islamic Account The purpose of an Islamic Account is that it caters specifically for Muslim traders who strictly follow the Sharia law.
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The Dukascopy group today employs over staff and offers forex and CFD traders competitive pricing and access to 60 forex pairs and CFD markets on its proprietary JForex platform suite. Read more on Wikipedia about Dukascopy. Each broker was graded on different variables, including our proprietary Trust Score algorithm.
This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. Forex Risk Disclaimer There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, 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 related instrument.
However, it is still possible for EU-based traders to sign up directly with the head office in Switzerland, thus bypassing the restrictions imposed by EU regulators. This gives Dukascopy a reputation as a very credible name in the online trading industry. Trading instruments offered include forex, CFDs based on cryptocurrencies, indices, bonds, stocks, and commodities, as well as binary options.
Execution is instant, and is by default set to when trading with the Swiss-based entity, but can be adjusted upwards to upon request. Total trading fees incurred will differ based on things like trading volume and net deposit amount, but in the event that their fee structure leads to different commission rates, the lowest one will be applied.
This opens the possibility of trading high volume in an automated mode. There are also mobile trading platforms available for both iOS and Android devices. It is a type of live account that instead of using euros or dollars as the base currency, uses gold XAU. Clients benefit by getting exposure to the price of gold without the need to physically hold and store it. Withdrawals and deposits can be done in many currencies, with competitive exchange rates.
Perhaps surprisingly, deposits and withdrawals can only be made through credit and debit cards, and bank wire transfers. Transaction fees may be charged by partner banks that vary depending on the currency, ranging from 1. Customer service is generally good with Dukascopy, and is offered via options ranging from social media to a live chat.
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