Trading platforms. The Web Binary Trader is the full-featured desktop solution for trading binary options with Dukascopy. Efficient simplicity meant to provide convenient trading experience is the key idea behind the Web Binary Trader. Optimized for usage intuitivity, yet customizable for trader's individual interface preferences. Easy to trade – simple and straightforward to understand Predetermined payouts and risks – unlike a traditional vanilla option, the possible gain is binomial, predefined and works as "all-or-nothing" Payouts - In-the-money contracts yield returns from 70% of the paid premiumcontract size up to 90% for regular binaries and from 50% to 70% for Daily Stock Options and Pair Binary options. Small trading amounts – binary options contractspremium with Dukascopy Bank start from as low as USD 1 No commissions – Dukascopy Bank charges no fees in addition to the premium paid by the trader Numerous strike prices and expiry dates – for callput binary options the strike price is the price at the start of the option contract Tick pricing and charts directly from SWFX Detailed logs and reporting Customizable charts area, interface and default contract conditions. Binary Trader for Android. Binary Trader brings options to your Android device. The sleek and functional interface provides a great trading experience. The platform offers just the right tools, including detailed logs and reports, news, and calendars. Easy to trade – simple and straightforward to understand Visual monitoring - view your open orders on tick chart Trade on events - place pending orders from Economic calendar Live, secure and persistent connection with server Fast access to trading reports. Set of FX tools included: Charts with technical analysis FX Market News Economic Calendars Dukascopy TV Daily HighLow Movers & Shakers Pattern radar Market sentiments. Binary Trader for Apple iOS.
Dukascopy Binary Trader brings options to your iOS device. The sleek and functional interface provides a great trading experience. The platform offers just the right tools, including convenient charts, detailed logs and reports. Easy to trade – simple and straightforward to understand Predetermined payouts and risks – unlike a traditional vanilla option, the possible gain is binomial, predefined and works as "all-or-nothing" Payouts – In-the-money contracts yield returns starting from 70% of the paid premiumcontract size up to 90% Small trading amounts – binary options contractspremium with Dukascopy Bank start from as low as USD 1 No commissions – Dukascopy Bank charges no fees in addition to the premium paid by the trader Numerous strike prices and expiry dates – for callput binary options the strike price is the price at the start of the option contract Tick pricing and charts directly from SWFX Detailed logs and reporting. Dukascopy Binary Trader HD for iPad. The HD version of the binary iOS platform was developed to bring the best user experience to clients accustomed to trade on iPad devices. Dukascopy Binary Trader brings options to your iOS device. The sleek and functional interface provides a great trading experience. The platform offers just the right tools, including detailed logs and reports. Easy to trade – simple and straightforward to understand Predetermined payouts and risks – unlike a traditional vanilla option, the possible gain is binomial, predefined and works as “all-or-nothing” Payouts – In-the-money contracts yield returns starting from 70% of the paid premiumcontract size up to 90% Small trading amounts, low deposit required – binary options contractspremium with Dukascopy Bank start from as low as $1 No commissions – Dukascopy Bank charges no fees in addition to the premium paid by the trader Numerous strike prices and expiry dates – for callput binary options the strike price is the price at the start of the option contract. Brokers News. After a successful testing in Demo environment Dukascopy Bank and Dukascopy Europe have launched trading in Touch Binary options in live mode. The new type of binary options is now available to all binary options trading account holders, the Swiss brokerage announced on Friday previous week. Touch Binaries are binary options on FX currency pairs with 2 remote strike prices set around the open price of the option.
At order initiation, the client defines a target price level (which is the strike price that makes the option mature with profit) and the contract duration. At the same time, the system automatically sets the second target price level (which is strike that makes the option mature at a loss) on the other side of the current instrument price and on the same distance from it. If the option's underlying instrument reaches or exceeds the Profit strike level at any time prior to expiry &ndash the option would be executed with profit. In case Loss strike level is hit &ndash the option is executed at a loss. There is, of course, a third scenario - if the option's underlying instrument price does not reach either of the strike prices during the entire period of contract&rsquos duration, the option is cancelled without settlement. This means that there is neither trading profit, nor loss, and the contract amount is returned to the client. Keep in mind that Dukascopy binary trading platforms are designed only for manual trading, and automated data entry systems are expressly prohibited. Dukascopy Bank is licensed as a bank and as a securities dealer by Switzerland&rsquos Financial Market Supervisory Authority (FINMA). It was set up in 2004 and is based in Switzerland&rsquos Geneva, but also operates globally through offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong. The company owns owns 100% in brokerage Dukascopy Europe IBS, e-payments provider Dukascopy Payments, both based in Latvia, as well as Japanese broker Dukascopy Japan K. K., formerly Alpari Japan K. K. Dukascopy Europe was acquired by Dukascopy Bank in May 2011. More news about Dukascopy. Dukascopy cuts commissions on stock CFDs by 60% Aug 21 2017 07:19:51 Dukascopy brand name abused by clone website Aug 17 2017 08:27:18 Dukascopy makes Swiss Forex app available on Apple Watch Nov 19 2015 12:43:19 DMM FX Australia to cease binary options trading Nov 16 2015 09:53:56 Dukascopy Bank introduces gold denominated trading account Aug 28 2015 10:59:07. FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
easyMarkets is a and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus. HY Markets is global forex broker with more than 30 years of operational experience, regulated by in the UK. Trade Forex with spreads as low as 1.8 pip. XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it&rsquos EU-regulated and there&rsquos nothing more you can ask for. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. FxPro is a broker we are particularly keen on: it&rsquos regulated in the UK, offers Metatrader 4 (MT4) and cTrader &ndash where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits. More Forex Brokers News. Plus500 gets Singapore license. Plus500, one of the major global forex and CFD brokerages, has added a Capital Markets Services license from the Monetary Authority of Singapore (MAS) to its collection of licenses. Read more. FXCMЂ™s November trading volume rebounds from October. FXCM Group, the two remaining forex, CFD and spread betting units, in which Global Brokerage, has reported a customer trading volume of $218 billion in November 2017, 14% higher than October 2017, but 30% lower than November 2016. Read more. IG reports 9% rise of net trading revenue for H1 2018.
IG Group, a leading global forex and CFD broker issued a trading update for H1 of the financial year ending on May 31, 2018. According to it, the company posted a 9% of the net trading revenue year-on-year. Read more. Gain Capital launches Bitcoin CFDs, spread betting on City Index. Gain Capital, owner of major global forex brokerages, announced it is launching CFDs and spread betting on bitcoin at its UK-regulated forex brokerage brand City Index. Read more. Lykke launches co-branded Visa prepaid card. Lykke, a Swiss fintech company which also operates a cryptocurrency exchange and a forex brokerage, announced the launch of Lykke Card &ndash a co-branded Visa pre-paid card. The Lykke Card can be used for payment of goods and services online and offline, wherever Visa cards are accepted. Read more. FBS forex broker gets license. FBS, a forex and CFD broker with a license from the International Financial Services Commission of Belize (IFSC), announced it has also obtained a license from the Cyprus Securities and Exchange Commission (). Read more.
bitFlyer gets NY BitLicense, launches US operations. BitFlyer, one of Japan&rsquos leading cryptocurrency exchanges, has obtained a trading license from the state of New York, the so-called BitLicense, and is launching operations in 41 US states, the company said. Read more. Libertex adds LTCBTC, BCHBTC CFDs for leveraged trading. Libertex, a trading brand of the Forex Club group, has expanded its cryptocurrency CFD portfolio with two more instruments: LTCBTC and BCHBTC. Read more. Admiral Markets hikes leverage for Bitcoin, Ether CFDs. Admiral Markets, a European forex and CFD broker, announced it is amending the trading conditions for the CFDs with Bitcoin and Ether in its portfolio. Read more. Pepperstone adds cryptocurrency CFDs to portfolio. Pepperstone, an ASIC-regulated forex and CFD broker, has announced it is adding CFDs on some of the most popular cryptocurrencies to its portfolio. Read more. Latest forex brokers.
Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses andor damages in connection with the use of our website. All textual content on ForexBrokerz. com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz. com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.
Brokers News. Dukacascopy Europe, the Lithuania based subsidiary of Swiss Dukascopy Bank, today announced the launch of demo binary options trading. According to the announcement, live accounts are to follow soon. Dukascopy launches live trading on JForex Web 3 platform Aug 14 2017 09:32:47 Dukascopy Bank removes method ConverterConnector from JForex platform Jul 13 2017 09:42:23. FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts. easyMarkets is a and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus. HY Markets is global forex broker with more than 30 years of operational experience, regulated by in the UK. Trade Forex with spreads as low as 1.8 pip. XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it&rsquos EU-regulated and there&rsquos nothing more you can ask for. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. FxPro is a broker we are particularly keen on: it&rsquos regulated in the UK, offers Metatrader 4 (MT4) and cTrader &ndash where the spreads start at 0 pips, Level II Pricing and Full Market Depth.
And the best part? With FxPro you get negative balance protection. FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits. More Forex Brokers News. Plus500 gets Singapore license. Plus500, one of the major global forex and CFD brokerages, has added a Capital Markets Services license from the Monetary Authority of Singapore (MAS) to its collection of licenses. Read more.
FXCMЂ™s November trading volume rebounds from October. FXCM Group, the two remaining forex, CFD and spread betting units, in which Global Brokerage, has reported a customer trading volume of $218 billion in November 2017, 14% higher than October 2017, but 30% lower than November 2016. Read more. IG reports 9% rise of net trading revenue for H1 2018. IG Group, a leading global forex and CFD broker issued a trading update for H1 of the financial year ending on May 31, 2018. According to it, the company posted a 9% of the net trading revenue year-on-year. Read more. Gain Capital launches Bitcoin CFDs, spread betting on City Index. Gain Capital, owner of major global forex brokerages, announced it is launching CFDs and spread betting on bitcoin at its UK-regulated forex brokerage brand City Index. Read more. Lykke launches co-branded Visa prepaid card. Lykke, a Swiss fintech company which also operates a cryptocurrency exchange and a forex brokerage, announced the launch of Lykke Card &ndash a co-branded Visa pre-paid card. The Lykke Card can be used for payment of goods and services online and offline, wherever Visa cards are accepted.
Read more. FBS forex broker gets license. FBS, a forex and CFD broker with a license from the International Financial Services Commission of Belize (IFSC), announced it has also obtained a license from the Cyprus Securities and Exchange Commission (). Read more. bitFlyer gets NY BitLicense, launches US operations. BitFlyer, one of Japan&rsquos leading cryptocurrency exchanges, has obtained a trading license from the state of New York, the so-called BitLicense, and is launching operations in 41 US states, the company said. Read more. Libertex adds LTCBTC, BCHBTC CFDs for leveraged trading. Libertex, a trading brand of the Forex Club group, has expanded its cryptocurrency CFD portfolio with two more instruments: LTCBTC and BCHBTC. Read more. Admiral Markets hikes leverage for Bitcoin, Ether CFDs. Admiral Markets, a European forex and CFD broker, announced it is amending the trading conditions for the CFDs with Bitcoin and Ether in its portfolio. Read more.
Pepperstone adds cryptocurrency CFDs to portfolio. Pepperstone, an ASIC-regulated forex and CFD broker, has announced it is adding CFDs on some of the most popular cryptocurrencies to its portfolio. Read more. Latest forex brokers. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses andor damages in connection with the use of our website. All textual content on ForexBrokerz. com is copyrighted and protected under intellectual property law.
You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz. com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. Dukascopy. The Dukascopy project started back in 1998 under the tutelage of Dukascopy Bank SA, located at Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland. Their European branch is Dukascopy Europe IBS AS, located at Lacplesa iela 20a-1, Riga, LV-1011, Latvia. The latter is an EU licensed investment brokerage company, which is 100% owned by Swiss Forex bank Dukascopy Bank SA. What is very important to note that we are dealing with a Swiss Bank, regulated by FINMA (Swiss Financial Market Supervisory Authority). The Swiss banking system is known to be the most solid in the world, so dealing with Dukascopy should be way safer than dealing with any regulated brokerage.
I sit in front of my laptop thinking how to answer this question in a professional manner. The first answers that come to mind are “LOL, are you kidding me?” and “Whaaat? How can you even think Dukascopy is a Scam?” but those are not very professional so I will try harder. We are talking about a company that has its roots back in 1998 (that’s another millennium, guys) and also about a Swiss Bank with all the required credentials so I believe it’s safe to say Dukascopy is not a Scam. Editor’s Note – Why Dukascopy Doesn’t Suck In 50 Words? I’ve been complaining about binary brokers looking the same, using the same old slogans like We Are The Leaders Of The Industry and then failing to show even an ounce of professionalism. This all stops when it comes to Dukascopy because in this case we are dealing with one of the giants of the industry – and I am not only referring to the binary world, but the trading world in general. Why Dukascopy Sucks In 50 Words? This is a big institution, with several branches and sometimes with complicated procedures. This means that things are not as straightforward as they are with, say, a SpotOption brand.
I’ve had to spend a lot of time to understand all the structure and get all the information and this means they suck at user friendliness but don’t worry, it’s not a deal breaker. Should I Open an Account with Dukascopy? When it comes to the trading platform, it’s clear right away that we are dealing with a professional financial institution, not a slot machine provider. The star of the show is the chart, which is big, clear and shows candlesticks, bars or lines. Technical indicators can be used, time frames can be changed and overall it gives you the possibility to conduct proper technical analysis. Of course, the platform is more complicated than what most binary options traders are used to, but with a little bit of practice, it becomes easy to use (read full platform review here). And speaking of practice, they offer a free demo account – free as in you don’t have to deposit to get it. All is great so far but there has to be a downside, right? Well, their minimum deposit is 5,000 USD and I’d say that’s a major disadvantage because most binary options traders are not willing to invest such a sum. Then again, if I think about all the stories where a client wants to invest 250 bucks and due to the pressure of the broker, deposits 10K total, just to lose it all because hisher account was traded into the ground by the account manager… maybe depositing 5K right from the start with a Swiss Bank is better. However, if you don’t have 5K, don’t despair because there’s hope: according to their rules, “The minimum deposit size in Dukascopy Bank SA is 5,000 USD, while in Dukascopy Europe you can open an account with 100 USD”.
In other words, if you are from Europe, you can open an account with as little as 100 bucks the rest of the world has to cough up 5K. If you are a client of a regular binary options brokerage – the “leaders”, the ones with the simplistic and limited platforms – you might think that using Dukascopy is more complicated because their platform is different and has more features. It’s not! Sure, it will take you longer to get used to it but I believe the extra effort is well worth. Dukascopy Complaints. There’s an old saying that goes something like this: Who doesn’t work doesn’t make mistakes. If your client base is huge, surely some complaints will surface and this is also the case with Dukascopy. There are some complaints online but these are mostly aimed towards their Forex platform which according to some, can be a bit clunky and freezes at times. So far binary options traders that have used Dukascopy didn’t have major complaints. The Bonus is 100% of the deposited amount and while under normal circumstances I would recommend to say away, this time I am not doing that. Here’s why: 1). You will receive the Bonus only if you specifically ask for it. 2). The Bonus will be added only after the turnover requirements are met (pending bonus structure). 3). The client CAN withdraw at any time but this will cancel the Bonus.
In other words, you are not tied to the platform and this bonus is not a black hole for your money. However, the required volume is 40 times the bonus amount, which is pretty high, but you have one year to achieve it so there’s plenty of time. Dukascopy Withdrawals. To withdraw you will have to fill a form and then wait 1 to 3 days for the transaction to complete. Of course it’s faster than with other brokers (they are a bank after all) but more importantly, it’s safer. Also, there are no minimum withdrawal amounts so you can take out whatever you feel like. Putting aside professionalism, charts, technical indicators and the fact that they are one of the biggest brokers on the globe, Dukascopy offers tons of contests, ranging from the Most Profitable Trader of The Year to Fashion to Miss Dukascopy 2016. I understand the trading contest, but the fashion and beauty pageant, not so much. Well, different strokes for different folks. I have to admit that the entire website is kind of hard to navigate but this is mostly due to the huge amount of information available. It is well structured but it will take you a while to find what you are looking for.
The platform is more difficult to use than a regular binary options platform, especially for a green trader. Number of assets and expiry times 1720. With Dukascopy you have the opportunity to trade more than 1,500 Daily Stock Options, currency pairs and indices. They also offer pair options but these are a bit different than you might be used to: the trader has to predict the performance of a stock against the index that it is part of. For example, BMW is part of German DAX. If by the end of the day BMW outperforms the DAX and the trader predicted that scenario, the trade ends up In The Money. Expiries for UpDown options go up to the end of the day (in 1 minute increments) while Daily Stock Options have a fixed expiry duration of one full trading session. Commissions, Support and Effective return 1620. Dukascopy does not charge a fee for transactions, however their partner bank charges a 2.0% – 2.5% fee, depending on the currency of the transaction. Support is quick to answer and helpful you won’t get any pressure from them to deposit and the information given is accurate. The effective return ranges from 70% to 90% and the client has the opportunity to choose a lower payout in exchange for a higher refund. Deposit, Payment and Bonus 1620. The minimum deposit for Europeans is 100 USD while for the rest of the world is 5,000 USD. Payments can be made through the majority of credit and debit cards and wire transfers but unfortunately no e-wallets are accepted. Withdrawals take up to 3 business days to appear in your account while deposits appear in 1 day.
The Bonus goes up to 100% but you can withdraw at any time before the 40 times turnover is reached (however, this will cancel the bonus). Apart from the things already mentioned above, Dukascopy offers the Pending Option. Traders can place pending entry orders that will be executed at a specific time and date but not further than the end of the current week. Dukascopy Overall Rating (81) + Regulated (+3) = 84100. Please allow us 24-72 hours to review your comment. We reserve the right to decide which comment will be published. For question regarding brokers – Please use our Forums. For Detailed Complaints – Please use our Complaints system on homepage. Fresh News: DukasCopy Just Launched a Binary Options Platform. DukasCopy, the Swiss Leading Forex Broker, is into Binary Options. DukasCopy, an industry leading Swiss Forex bank, has recently launched a new binary options platform.
According to our sources the platform was launched in late May of this year following several months of beta testing. For those of you who are not familiar with DukasCopy it has been a leading bank offering access to the Swiss foreign exchange market for quite some time. The bank provides a multitude of services for banking, institutional and retail investors. Its newest addition, binary options, is only the latest in a long list of innovations from the bank. One thing to take note of is that while this is binary trading, it is unlike any other binary options platform on the market and may have just raised the standard by which other brokers will be judged. The DukasCopy Trading Platform. The platform is highly advanced for being so new. Even though the platform is in its infancy the team of DukasCopy has made some pretty big steps in terms of binary trading. First and most important is how they derive their pricing model. All other brokers use the bidask spread from multiple sources to create a mid-point from which they base the rates at which they will sell the options. Not DukasCopy, this bank has taken advantage of the bidask spreads in order to provide greater transparency and leverage for the trader and yet still maintain proper risk profiles for the bank itself. Each asset is listed with a different price for calls and puts based on the bidask spreads of the underlying asset.
When you buy a call your strike is the Bid price, when you buy a put your strike is the Ask price. At expiry your option strike is compared to the bid or ask, depending on which position you have taken. The interface and trading platform itself is also quite revolutionary. Most of the trading screens are dominated by charting that is head and shoulders above the rest of the industry. This platform provides charts that can be displayed with weekly, daily, hourly and on down to tic by tic information in the form of candles, line and bar charts. Not only that the charts include drawing tools, you can have upcoming economic events marked on the charts and there are even a handful of standard technical analysis indicators as well. The only thing limiting this platform now is the asset lists and the expiry’s. Account, Assets and Expiry and Extra Features. Since this platform is coming from a top Forex provider it is no wonder it is focused solely on Forex at this time. There are only 13 assets on the list, the top 12 Forex pairs plus the USDRUB. Expiry is also limited but shows the possibility of being quite good if DukasCopy chooses to extend it. For now, expiry is limited to one hour maximum with one minute increments at your discretion.
Payouts range up to 90% or better, one advantage to the BidAsk method of pricing used by this broker. The minimum deposit is large at $1,000 but this is because DukasCopy is interested in more serious traders. On the flip side the minimum trade amount is only $1. An additional innovation in binary trading available with this new platform is the Pending Orders. You can use this type of order to set up a trade to happen at some time in the future based on a number of criteria. First you choose the date, then the time. After that you choose the length of expiry, up to one hour, the rate at which you will be willing to buy an option and the minimum payout you will accept. This tool is the most advanced of its kind and will allow traders to pinpoint potential entry areas, set a trade and then forget about it. Please allow us 24-72 hours to review your comment. We reserve the right to decide which comment will be published. For question regarding brokers – Please use our Forums. For Detailed Complaints – Please use our Complaints system on homepage. 7 Binary Options. Latest posts by Marcio (see all) Plus500 Has Been Granted a License to Operate From Singapore - December 13, 2017 IQ Option Announces Blockchain Based ‘Open Trading Network’ - November 22, 2017 Interview with Julia (IQ Option Support Team) - September 28, 2017.
Dukascopy Bank was founded back in 2004. Also referred to as a Swiss bank owing to its foundation being in Geneva Switzerland. We found that the company has a history which dates back to the 1990s and was a project headed mainly by a small group of highly qualified physicists who modeled the financial markets. The company developed its online trading platform soon after. Later in 2006, the company founded SWFX (Swiss FX Marketplace). The service works as an ECN. Since then Dukascopy has managed to grow tremendously both internationally and locally. The bank owns an entity called Dukascopy Europe IBS AS it is a fully licensed brokerage offering services with the same terms as Dukascopy Bank. As of 2015 the company successfully acquired the semi-successful Alpari Japan, and it now operates as Dukascopy Japan Co. The company now has offices in Kiev, Zurich, Moscow, Riga and Hong Kong. It currently employs well over 200 people. Dukascopy today is an online broker offering CFDs, Forex, binary options and precious metals trading.
Dukascopy Bank also operates as a conventional bank offering online banking, as well as credit cards. The bank is duly audited by KPMG South Africa. A Note Regarding Regulatory Status. Dukascopy Bank is apparently regulated as a bank as well as a securities dealer by the FINMA which is an abbreviation for Financial Market Supervisory Authority. You can verify their regulatory status here. Since it is a bank, the company is strictly regulated, as a matter of fact, more so compared to forex brokers in the jurisdiction. Interestingly all Forex brokers need to be licensed as a bank in Switzerland. We couldn’t find any regulatory violations by the company. Dukascopy is frequently audited, and is regulated by some of the strictest authorities in the world. Dukascopy Bank has capital reserves which are consistent with the regulatory requirements of the FINMA.
Client deposits of up to CHF 100,000 are fully protected by the government of Switzerland. So, clients’ money is safe in the unfortunate event that Dukascopy goes bankrupt. The protection is extended to all customers of the company regardless of if they live in Switzerland or abroad. It also extends to any currency. More information about the company and protection can be found at the official esisuisse’s website. It would also be important to know that Dukascopy has elected to forgive all accounts with a negative balance which mainly stemmed from the SNB Swiss franc issue in January 2015. The step has cost the company considerably. Also, the company didn’t cancel or negate any trades which were made when the event occurred. Dukascopy employs the ECN business model. Clients of the bank participate in the Swiss Forex Marketplace which is operated by Dukascopy. All customers of the bank have equal rights to trade and have equal access to the same data feed and liquidity. The primary liquidity providers are Deutsche Bank, Currenex, JP Morgan, Barclays, Citibank, HSBC Bank, and Goldman Sachs amongst many others. Clearly, Dukascopy has a pretty large liquidity pool which allows for easy EURUSD trades of well up to 200 million with a single click. Also if needed clients can become liquidity contributors and in exchange, they get insights on the spreads offered as well as place their own ask and bid orders.
Almost all orders are processed right away via a series of computers and with no human intervention. Dukascopy happens to be a counterparty to all of the trades made by their clients. However, clients are well protected from conflicts of interest since everyone is ensured that they get the same pricing, and the history of the prices are made public and verifiable. In addition, Dukascopy is bound to follow a strict code of conduct because it is governed by Swiss Banking rules. The broker model used is pretty similar to the US model where all the brokers are a counterparty to clients’ trades even if that broker is not himself a market maker. It is for this reason that scam alert systems like those of Forex Scam Alerts does not find any discrepancy or issues with Dukascopy’s way of conducting business. We were surprised to learn that Dukascopy had some of the best spreads in the forex industry, especially for the popular currency pairs. The transparent pricing model used combined with a low spread and a commission works out pretty well. The spreads are floated on market conditions, but they tend to widen for a short while during major news events or during the end of a trading session. We like the fact that Dukascopy makes an effort to publish their spread history information. The chart shows how the spread distribution took place over a period fo three months for the two most popular currency pairs: It’s not hard to see that the EURUSD was mostly at a 0.2 pip spread, and 0.4 pips were average for the USDJPY. The commission charged by Dukascopy is reasonable. The commission starts at around $3.50 a 100,000 lot for some of the minor accounts.
Though the commission tends to decrease quite significantly for much bigger accounts or ones with a much larger trading volume. The account balances that are more than $25,000 are usually charged $2.50 a lot, and those that are greater than $50,000 are charged $1.80 a lot. Very large accounts where the trading is larger than 10,000,000 the commission drops to $1 a lot. Higher trading volumes tend to benefit from much lower commissions on the whole. Dukascopy has very competitive spreads. Traders can open an account with Dukascopy and fund their accounts via debit or credit card or a wire transfer in an array of currency choices. It is important to note that the partner bank will charge between 2 and 2.5% in the way of a commission when funding an account via wire transfer, so this is not the best method for funding a larger account. Dukascopy itself refrains from charging clients a transfer fee for incoming transfers. Though outgoing transfers are charged a fee which will vary depending on the currency. Take for instance USD is charged $20. The withdrawal options happen to be the same as the deposit options. It’s strange why Dukascopy does not offer a diverse array of funding options. We have already talked about a client’s deposit of up to 100,000 CHF being protected by the Swiss Government. But deposits larger than this figure or greater than $100,000, Dukascopy allows for keeping the deposit at your own bank. However, to use this option, a bank guarantee will need to be furnished from your bank stating that the funds are available.
Using your own bank is an option in our opinion which allows for the best flexibility and excellent protection for large deposits. Though Dukascopy will charge clients using their own bank a 1.25% annual fee. Dukascopy allows traders both new and seasoned to benefit from an archive of educational tutorials covering every aspect of the trading platform, managing leverage, and accounts, etc. In addition, Dukascopy gives people the opportunity to join live webinars on an almost regular basis which are conducted in several languages. Traders can also attend seminars which are held in different parts of the world. We didn’t encounter a seminar in the course of writing this review. Their knowledge base will make sure all traders are well prepared. Dukascopy also owns 20 television channels which cover an array of interesting aspects of markets, and trading like Market Glance, Crash Dummy Dollar, etc. The extent of the programming via their TV channel is huge, to say the least. But they don’t just cover markets and trading. Many of the channels are music, entertainment, and movies specific. People who are interested in trading or learning about trading can spend hours in their educational archive. Dukascopy also gives people the opportunity to use this section or make it a part of their own websites. Additionally, Dukascopy TV can be accessed in many different languages.
The Trading Platform. A mobile trading platform is available. The trading platform used by Dukascopy Bank provides traders access to mainly the Swiss Forex Marketplace or SWFX. However, there are many different platforms used. All the platforms in general support an array of orders like Take Profit, Market, Stop Limit, Stop Loss, Limit, Place BidOffer, IFD, Trailing Stop, and OCO. The Slippage Control feature can also be used to control the max amount of slippage that will be tolerated. The platform offers two main trade models i. e. Hedging and Net Position mode. Net Position shows all the orders for the currency pair on a single position. The Hedging mode opens up and keeps different trading positions open for the same instrument with also the possibility to merge them. It uses a Java Platform. Dukascopy uses a platform built using Java, and so it excels at manual trading because it displays all the required trading information at the same time eliminating the need to switch between windows. Traders can also take advantage of all the technical analysis and the various market research tools which are built into the platform. Plus, the platform allows traders to instantly chat with the support team.
The platform is best suited for both automated trading and manual trading. It is mainly designed for traders who want to use the automated trading feature or need to develop or test various trading strategies primarily using the Java programming language. However, the main functionality, as well as the interface of the platform, is the same as the Java platform. Anyone who wants to use the MetaTrader 4 platform can use the company’s third party bridge. The company also has a web trading platform which provides near instant market access as well as mobile platforms for all smart devices. Dukascopy also offers the Web Binary Trader binary options trading platform which has a number of features and includes various predetermined payouts along with its own risks. All in the money contracts start at 70% of the overall paid premium and will go as high as 90% for smaller trading lots starting with a low $1 or in some cases no commission or even hidden fees. Traders can trade securely via the internet wth one click trading via many accounts. Traders can also execute trades over the phone. While Dukascopy does not offer direct support or access to the markets via MetaTrader 4, it does support accessing it via third party service providers. Dukascopy Bank’s customer service is available 6 days a week via phone and email. Brokers can also get in touch via live chat during business hours or they can contact the service via Skype instead of calling internationally.
Though we found that the chat screen was a bit of a hassle as it tends to stay online, open and connected all the time. There should be a way to close it after chatting. We also found that it was very easy for traders to submit a call back request. The call back comes in pretty quick too. So, this function certainly works better than we’d expect. The company offers an array of trading options for traders which include: The proprietary platform called Jforex. It can be used for mainly auto-trading but also manual trading. Though we think it’s mainly optimized for automated trading. Java programmers can use the language to develop their own custom trading strategies. The Java platform is optimized for mainly manual trading. It’s easy to use and provides access to all the popular chart indicators. It is an internet based platform which is easily accessed from any device that connects to the web. iOS and Android mobile trading apps MetaTrader 4 platform users can use a 3rd party bridge along with Expert Advisors.
Access to Dukascopy servers is allowed via its API. So, people can develop their own customized software which uses the system and optimizes their trading experience. We highly recommend Dukascopy Bank. The service operates in some of the strictest regulatory environments with all client deposits being protected by Swiss regulations. Plus, the bank scores very well on other criteria. We like the fact that it offers tight spreads, and the commissions are kept very low especially for clients that have very large trading volumes and balances. Many different features and platforms They offer both Islamic and demo accounts They provide excellent customer service. Can’t close the chat box The website is very overwhelming. 7 Binary Options review: Dukascopy: 4,5 stars. Leave a Reply Cancel reply.
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If you do not agree with them, you must not use this website. DukasCopy Platform Review – Swiss Forex Giant Goes for Binary Options. DukasCopy Binary Options Platform Review. DukasCopy is a well known and respected Swiss Forex Bank providing access to the foreign exchange markets for institutional and private investors alike. The bank has now launched an advanced new platform for trading binary options that integrates the best aspects of spot forex and binary. The platform pricing is based on the bidask spread as displayed in the forex market and not on a mid point derived from the spread as is used by 99% of the binary options industry. Not to worry though, the platform – although complex – is extremely easy to use, the options very easy to trade. There is no difference except in how prices are displayed. Instead of one price, the spot price offered by the broker, there is a separate price for calls and puts based on the spread. Platform Functionality – 910 Great Platform. Why DukasCopy Doesn’t Suck. DukasCopy doesn’t suck because it is an awesome trading platform. At last a platform has been created for serious traders.
It includes the best charts of any broker I have seen. The charts have historical data going back for years, can be displayed by monthly down to tick by tick data, can be displayed as line, bar or candle charts and come with some of the most commonly used technical analysis tools on the market. After that the trading platform is top notch with no wasted space. The pricing model is innovative and offers some of the highest standard payouts in the industry: 90% Why DukasCopy Might Suck. DukasCopy might suck because the platform is still very new and therefore does have some limits. However, I think that in time these limits can be easily overcome. For one, the platform only offers highlow binary options. This isn’t a problem for me but it may be for other traders looking for touch or range binary. It also might suck because the asset list is pretty short. The platform supports only the major forex pairs at this time good, great even, for forex traders but not so much for anyone else. Update June 2016 : Apart from the regular CallPut binary options, clients now have the opportunity to trade Pair Binaries and Daily Stock Options. Next we will briefly describe each of them because they bring a new way of trading compared to the regular pairs and stock options. Pair Binaries. Here the trader has to choose a stock and then compare it to the index it is a part of. For example, if you choose Bayer AG you will have to compare it against the DAX German Stock Index (because Bayer is part of DAX) and decide which one will perform better by the end of the day.
The interesting thing is that both Bayer and DAX can drop by the end of the day but if your choice dropped less, you will still win the trade. Maybe it’s difficult to understand at first but once you open the platform it will all clear up. Daily Stock Options. These function just like regular UpDown or CallPut options but the underlying asset is stocks and the expiry duration can be only one: the end of the session. In other words, the trader has to decide if at the end of the session (at market close) the stock will be higher or lower than it was when it started. The major advantage is that Dukascopy offers more than a thousand stocks from all over the world however, not all exchanges are open at the same time, thus not all assets are tradable 24 hours a day. Despite this, the stock asset pool is huge. Make sure you read our Dukascopy Full Review for more information. (link coming soon) The platform technology on this site may be the best on the market. It is by far the best and most serious looking of any I have traded so far. You can definitely tell that this platform was designed by serious forex brokers because it has many of the features you can find with a good forex broker. The first and most important advancement by far is the use of the bidask spread in the pricing model.
They still apply a risk reducing “our rate” to the strike prices but instead of one price based on the mid point of the spread there are individual prices for calls and puts based on the spread. This means that when you are trading calls you are trading against the bid price and when you are trading puts you are trading against the ask price. This has some advantages and some disadvantages but I think that in the end the advantages will outweigh the disadvantages. One disadvantage is that with a bidask spread the spread can sometimes widen, and sometimes narrow, which could adversely affect a trade, especially a very short term 60 second trade. However, it’s far better knowing about this spread than being totally unaware of it (which is the case with regular binary options brokers). The interface is quite good and leaves no wasted space. The first and most prominent feature is the chart. The chart fills most of the screen and is the most advanced chart provided by any binary options platform I have seen to date. The chart can be displayed in a wide range of styles. Data can be displayed in tics, bars or candles. The time frame can vary from one month, one week, one day, one hour and down to 1 minute and even one tick for super precise trading. Next to the chart we have a drop down list with 15 currency pairs and 9 CFDs just below you will find 2 boxes where you can choose the expiry and the amount you want to invest. The expiry can be set no further than the end of the day but the best thing is that you can chose one minute increments.
In other words your option can expire in any minute you choose from current time until the end of the day. Choosing trade size is done in a box just below and can be as little as $1, at least in the demo account. Payouts on the platform are up to 90% but you can customize your risk, meaning that you can choose a lower payout in exchange for a refund. The available ratios of Payout to Refund are (at the moment of writing) 90% – 0% 85% – 5% 80% – 10% 75% – 15% and 70% – 20%. At the bottom of the trade screen there are three small windows that list your open trades, your closed trades and any pending orders you have set. The only negative of this feature is that it doesn’t show the strike and expiry once the trade is closed. The best, most useful feature, I found on this platform is the Pending Orders page. On this page you can set up a trade to be triggered at some time in the future. With this feature traders can choose an asset, a trade size, a direction, a time down to the minute and even set a minimum return that must be met in order for the trade to execute. To switch to Pending Orders Mode, look above the Call and Put Buttons and move the slider to the desired mode: This platform is a special feature. The charting is top notch for a binary options broker and includes drawing tools and technical indicators. The pending orders tool is the most useful thing in binary options since binary options. The bidask model is very unique and more closely resembles forex trading.
The payouts are 90% or more on average. It is provided by a top Swiss forex bank. Swiss Forex Bank Charts Pending Orders Payouts Highly Advanced Professional Platform BidAsk Spread Huge choice of stocks. Limited Assets Limited Expiry No US Limited Option Type High Minimum Deposit for non-European clients. Please allow us 24-72 hours to review your comment. We reserve the right to decide which comment will be published. For question regarding brokers – Please use our Forums. For Detailed Complaints – Please use our Complaints system on homepage.
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