Dukascopy Forex Review

Forex Broker Review

Likes - Advanced institutional level trading technologies and complete pricing transparency

Dislikes - Lack of tutorial material for traders new to FX trading.

Bottom Line - Dukascopy provides some of the best spreads, commissions, trade execution, and liquidity of any forex broker in the world. Their main focus is providing institutions high tech trading solutions, which they also allow retail traders access to. Dukascopy is certainly a "Professional trader's broker."

Dukascopy Bank SA, is a Swiss bank which specializes in providing direct access to the Swiss forex marketplace. Their trading technology establishes an electronic clearing network (ECN) combining the liquidity of clients, centralized marketplaces and a number of banks. All clients receive the same liquidity and equal trade priority combined with absolute anonymity and security.

Dukascopy provides a huge selection of free technical trading tools, earnings calendars, forex news announcement calendars and free live charts that people can post to their blogs or websites. They offer multiple platforms, including the popular Metatrader 4 and the Jforex platform; both of which allow for the creation of custom automated trading systems.

Our Dukascopy review provides trade platform screenshots, detailed commissions information, and online broker ratings.

Commission Notes

Dukascopy provides all of it's clients a commission based ECN trade environment. Essentially Dukascopy provides it's tightest possible spreads (some of the tightest among all FX brokers) and charges a flat rate commission for each trade; starting at $4.80/100k ($9.60 round trip) for accounts under $5,000.

Spread - Dukascopy provides what we refer to as "Raw" spreads. This means they do not mark-up the spread before delivering quotes to their clients. Their spreads on Major pairs are some of the tightest in the FX Market. 

Premier Accounts - Dukascopy does not advertise any "premium accounts," however as higher account balance, or monthly trading volume levels are reached the trading commission rate goes down. For example, accounts with $50,000 will pay only $1.80/100k and accounts with greater than $5,000,000 pay only $0.90/100k.

Micro Account Trading - All accounts in Dukascopy's Swiss FX marketplace trade the same data feeds, in addition they are all capable of trading currency in 1,000 unit increments (aka micro lots).

Dukascopy was reviewed by StockBrokers.com on 2011-06-01 with an overall rating of 4 Stars.

Dukascopy Mobile iPhone App

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