Dukascopy
Dukascopy is a Swiss Forex bank and trading marketplace through which users can communicate and trade online with people all over the world. With attractive low spreads starting from EUR/USD 0.2 pip, GBP/USD 0.5 pip, Dukascopy is a common choice among traders. Some other specifications include security of the funds, ECN liquidity, advance trading technology, access to sophisticated analytics and news, instant execution and 24/6 phone trading support.
Top Dukascopy Alternatives
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- xTrade
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Top Dukascopy Alternatives and Overview
XM.com
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Avatrade
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IQ Option
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XTB
XTB is an online trading solution dealing in the trading of forex, indices, commodities and share CFDs.
HotForex
HotForex is a Forex and commodities broker tool that offers online trading services to its clients.
FxPro
FXPro is an online broking and forex trading tool that offers Contracts for Difference (CFD) trading on multiple services including foreign exchange, futures, shares and precious metals.
FXCM
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Alpari
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LiteForex
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Axitrader
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Forex.com
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xTrade
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FXOpen
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FXDD
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CMTrading
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Dukascopy Review and Overview
Dukascopy is an online bank that offers banking, trading and financial services. It is based out of Switzerland and has branch offices in cities such as Hong Kong, Kiev, Riga, Moscow, and Tokyo. Forex trading services include options such as automated trading. Two types of trading accounts namely the Forex ECN and Forex MT4 are offered by the bank. The Forex ECN account offers features such as multiple funding facilities, different trading options, and the option to trade in over 24 different currencies.
Wealth management and banking services
In addition to the trading services the bank also offers wealth management services as well as bonus programs. Under the wealth management services, options such as LP Pamm and income-generating programs are offered. The bank also offers banking services and under these different types of accounts such as multi-currency accounts, standard accounts, and current accounts are offered. Other banking services include services like on-line exchange and credit cards. The credit cards offered are compatible with Apple Pay and Samsung Pay.
Modern trading methods
In addition to the traditional trading methods, the bank also offers modern trading options such as the Contract For Difference (CFD), Binaries and cryptocurrencies. Some of the features of the CFD are that it offers extended trading hours, the option to trade on both rising and falling markets and hedging possibilities. On the other hand, Binaries offer features such as predetermined payouts and risks, refund payout and the option to trade using small amounts. Apart from these, the bank offers B2B services such as the White Label Program as well.
B2B services and trading tools
Some of the benefits of the program are fair and transparent trading, low latency exclusions, competitive revenue models, no direct implementation costs and partnering facilities. The other services offered by the bank include market research and news, trading tools and dedicated mobile apps on different platforms like the iOS, Windows and Android. Online charts, currency index, Pivot point levels, and data tools are some of the trading tools that are on offer.
Company Information
Company Name: Dukascopy® Bank SA
Company Address: ICC, Route de Pré-Bois 20, Geneva, Switzerland
Founded in: 1998
Top Features
- API
- Analytical Tools
- Automated Trading