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Reviews Brokers Reviews Dukascopy.com
 

Dukascopy.com

Dukascopy Bank SA (Switzerland),
ECN broker
URL: www.dukascopy.com

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Average user rating from: 8 user(s)

Rating 
 
4.6  (8)
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Rating 
 
2.0
Reviewed by andy    June 08, 2011

Fast execution but not each orders executed.

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5.0
Reviewed by Mark    October 01, 2009
Last updated: October 01, 2009

You won’t find any better FX company than Dukascopy. Check their quoting, check their spreads, just amazing to me after being in Forex for over 30 Years.
Their split feed of Bid and Ask is just astonishing and the precision of executions is just unmatched

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Rating 
 
5.0
Reviewed by Bonusland    August 28, 2009
Last updated: August 11, 2010

I consider them as an example. They have only one datafeed for all their clients. A very good example of full transparency and honesty in the industry. who else do the same, no one. I hope the industry will follow them.

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5.0
Reviewed by Austin    May 21, 2009
Last updated: May 21, 2009

I’ve been with Dukascopy for about 8 month now, and i’ve had no problem with them. I’ve tried many other companies and they have by far the best platform

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5.0
Reviewed by Bernard    February 20, 2009
Last updated: February 20, 2009

I use this Broker some months now and near all is ok. If you use marketorders with slippage allowed you get often with slippage filled, but thats normal in many ECN brokers because so maximum lots at the market can be filled, so be carefull not to do high slippage as default value.
a good thing is the fast and competent help with skype contact inside the broker plattform.
like all ECN you have to take in consider that you pay a commission per for each trade, on the other hand there are bether Spreads then near most other brokers. ( with “molecule6? website i avoid a lot of the commision).

at the beginning there was some problems with filling out the application form (or using bank guaranty instead of money transfer) and get many questions for plattform and how to place orders best way. But i used “molecule6? website as introducing broker to let me help with application and clear all questions with plattform. So i get also 43% of my commisions back through molecule6 , what can be really a lot after some weeks.

After starting trading i missed sounds when orders are closed or new pending orders opened, but i got one expert file from my introducing broker to have this sounds now, so trading is just fine.
and one think is to mention at last: sometimes my orders are only partially filled because of to less orders in the market at this prices. It happens only if a got the entry exactly, so not very often. But sometimes it was happening, but i think thats a problem of all ECN brokers, because they are no marketmakers and are not the counterpart of the trades. And dont have the broker as a counterpart of the trades is a very good thing on the long hand.

I like dukascopy very much and can good trade with it. if you need help in opening or plattform questions or you like to get very high commision rebat i would recommend molecule6 as a combination because very fast support and help.

At last here are some sentences about for what people this broker is wrong:
- The opening amount for an account is 10000 USD now, so if you dont have this amount offcourse you cant use this broker
- till 50000 USD are on the account your commision will be 36 USD per trade, from 50000 USD is will be 18 USD per trade (there are also possibilities to decrease this fees if you trade a special trading volume, but then you need to trade a lot each day) -> best here is to use introducing broker like molecule6 for getting many of the commisions payed back
- at newstimes spreads are much bigger then in normal trading hour, i just mention it for people who have only traded with fixed spreads with marketmaker brokers till now
- the minimum trading amount per trade is 100000. and very very important: 0,1 lot in dukascopy are this 100000. i say this because in some other brokers (many marketmakers) there is 0,1 lot only 10000 value. so if you never ever want to trade this 100000 amount this broker is also not the best choice.

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