Dukascopy Bank SA Review & Rating by Traders, Submit a Review

Dukascopy is an online ECN broker and bank headquartered in Europe. Users can trade forex, CFDs and binary options on the broker’s xcritical 4 platform or xcritical . This review will detail Dukascopy’s offering, covering minimum deposit and margin requirements, withdrawal options, trading tools, spreads, leverage, and more. The FX trading market has developed dramatically since introduction of retail forex platforms in the late 1990s.

Automated strategies can be back-tested against historical data before they go live. The brokerage also runs trading contests where traders can see how they compare to peers. In addition, the website houses a selection of guides and webinars to help traders get to grips with certain instruments or markets, such as the Dax 40.

For deposits, clients can use prepaid debit and credit cards as well as bank transfers. The broker has also added eWallet options such as Skrill and Neteller in addition to cryptocurrency funding. Duskacopy boasts a 500+ instrument list across a range of markets, including 19 cryptocurrency pairs. For binary options, Dukascopy’s Web Binary Trader promises straightforward market access. One-click trading is available and users benefit from predetermined payouts and risks.

• In our review we gave NSFX a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts.
• One of the main negative factors in this low score is that NSFX is not FCA regulated.
• In addition to all of this, xcritical 3 also provides clients with a calendar that highlights important economic events and news.
• Unitrader CEO Patrick Oerer goes into detail on one of the most poignant subjects in retail FX – what matters to brok…

These rates keep increasing as the account balance increases and go up to a total of 1.6% for accounts containing $1 million or more. JFSA has also issued a license to the bank and claims that the bank provides safety to its clients in various ways. These include insuring the funds deposited by clients up to a certain extent, slippage control, assigning KPMG SA as a statutory auditor and PKF Certica SA as an internal auditor. Clients from the UK are not allowed to trade through Dukascopy Bank SA.

The broker offers a web platform and downloadable mobile app, alongside four account options. Overall, bonuses are reasonable, but more attractive offers can be found at other brokers. Still, it’s worth keeping https://xcritical.pro/ an eye on the Dukascopy ‘Bonus’ page for news of no deposit bonuses and registration offers. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage.

Sweden – FREE FOREX SIGNALS

Swiss-based Forex broker and banking provider Dukascopy has announced a trimming of its product offering today. Dukascopy Bank, the FINMA regulated Switzerland-based Forex brokerage announced it released a new generation of the xcritical platform – xcritical 3 with higher performance and better user experience. NSFX Pro was built foxcriticals, who trade manually or automatically, and foxcriticals experimenting with new in-depth strategies.

• Forex robots are known as Expert Advisors on the MetaTrader platform.
• Trade CFDs on Forex, crypto-currencies, shares, metals and more on xcritical or 5.
• The apps do not require the installation of any server plug-ins.
• Trading Forex CFDs is a complex task requiring a full understanding of the complexities of the market and trading conditions combined with on-the-pulse access to the latest information and data.
• This review will detail Dukascopy’s offering, covering minimum deposit and margin requirements, withdrawal options, trading tools, spreads, leverage, and more.

Choosing a forex broker is a matter of personal taste, it depends on your investment strategy and the signals you want to follow. You can compare brokers’ various features and services on our forex broker comparison page. The sliders allow you to filter the list of brokers according to the minimum required deposit, the leverage available and the minimum commission they charge. Some of these selections will direct you to the AAAFX broker, because it belongs to ZuluTrade and has the advantage of not charging extra commissions unlike with the other forex brokers. Due to this broker’s FCA and MFSA regulation, residents of the USA would not be able to become a client of NSFX.

What trading platforms does NSFX support?

On the downside, Dukascopy does not have a local VPS, although a hosting program is available for a monthly fee. Also, social copy trading isn’t available at Dukascopy which could be a limitation for some new traders. The Geneva-based TV studio and its reporters interview industry experts and discuss market sentiment to keep users in the loop with the latest market updates. Newsfeeds from Reuters and MarketPulse are available, so too is a live economic calendar with forecasts.

He must also own the problem rather than try to get rid of it. You guys can very easily be the best fx brokers in the world if you act with humbleness and sincerity. Have Visualxcritical to help create automated strategies and to incentive trade in the right way, have the Strategy contest, as several videos to help in this journey. Forex robots are known as Expert Advisors on the MetaTrader platform. They can trade when you’re asleep or away from your desk, and take emotions out of trading. You can design your own or download one from the MetaTrader Market.

Start Forex Trading with NSTrader Platform

BMFN has enjoyed great success in generating a vast network of introducing brokers from the Asia Pacific region, particularly China, and has over 4,000 introducing brokers on its books. Yes, NSFX does offer an Islamic trading account and should thus be Halal to trade with. Speculate on a range of financial markets with leveraged CFDs at NSFX. In terms of features offered to traders, NSFX has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. There is no logical justification for it, it’s completely unaccountable, no explanation why stuff simply doesn’t work and transactions wouldn’t happen. It doesn’t matter if you do everything they ask for, provide all the documents etc. One transaction to your own account in a different bank can take days while the account manager requests documents from you, receives it, sends it to the compliance department, they review it etc. Also to be the best of the best you must make it easy to interact with one of your staff responsible for my account who can communicate well in English and act professionally and get things done.

Sometimes their third-class support staff responds, sometimes they don’t. They suddenly cancelled my account today and deducted every penny I had in it even I’ve an open support ticket. Take note that they temporarily removed my login access six months ago. This bank is a digital heist carried out by Switzerland government. Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker.

Trading Assets

Bringing in dual-factor authentication would better protect users. You will then be able to test the platforms and strategies on a range of global markets and indices such as the S&P 500 or Nasdaq, using historical and real-time data. Mobile users can also receive updates about events on their trading accounts as well as notifications about market triggers and user’s custom set price levels.

No financial responsiblity with be taken for any losses incurred by your own trading behaviour. The comments of members are their own personal opinions and should be taken as such. We may be compensated by companies where we refer you via the advertising on this site. xcritical 3 offers clients an in-depth information about the market and handles slippage control. With over 270 indicators and charts, that help in better comprehension, xcritical 3 also allows for manual, automated and chart trading.

• Finally, if you refer a friend to Dukascopy using the ‘Introducing Broker’ scheme, you can bag a 100% discount on trading commissions, up to $100.
• We can provide a simple installer which copies the EAs into multiple existing installations of MT4 in one go, and which asks the trader for confirmation before turning on the “Allow DLL imports” setting.
• It is available as a desktop download or alternatively, it can be accessed via web browser.
• In fact, securities dealers in Switzerland must also be licensed as a bank.
• There is no minimum withdrawal, however, the cost of a withdrawal can reach $50.
• NSFX Pro is a platform designed to act and react quickly under different market dynamics.

We are a strictly regulated entity that is regularly audited by independent internationally recognized audit firms. Thank you for taking the time to write us feedback, please kindly note that every review and every case is very important to us. Earlier I gave it a 5 star rating and would not like to change that though I have an unresolved issue perhaps because of miscommunication. __I can, in theory, create another set of blocks for another trading language. The last time I had xcritical installed on my PC was nearly at the time I started to program fxDreema, so I’m not really aware what are the similarities and differences between their API and MQL. What I know is that xcritical can also import .mq4, but once I received a report from someone telling me that this conversion does not work with fxDreema’s EAs.

FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 1,000 stocks, indices, commodities and currency pairs through xcritical or 5. Dukascopy Bank SA offers two trading platforms, each of which has its own set of unique features and has the potential to offer a seamless trading experience for clients. Both platforms allow clients to choose from 8 different assets and experiment with over 500 trading instruments. When it comes to trading costs, Dukascopy Bank SA is in competition with the top forex brokers. The commission and fees charged may differ and are subject to the services that the client avails.

COMPANY PROFILEDUKASCOPY BANK SA:

In-the-money contract yields start from 70% of the premium paid up to 90%. Trading amounts start as low as $1 and there are no commissions or hidden fees. xcritical 3 is available simultaneously with the current generation of xcritical, allowing users to continue trading on the current version of the platform if they wish to do so. The new xcritical 3 platform has an interface similar to the current version of xcritical platform, making the acquaintance easier for users that are already familiar with xcritical. Unitrader CEO Patrick Oerer goes into detail on one of the most poignant subjects in retail FX – what matters to brok… We have an archive containing almost all Forex Brokers, Binary Options Brokers and Trading Software websites, VPS providers, Trading Signals providers etc.

A correlation between NSFX and Dukascopy Swiss Forex Bank & Marketplace brings you NSFX Pro, a universal trading platform based on the well-known xcritical. NSFX Pro is a platform designed to act and react quickly under different market dynamics. The platform is built to accommodate market volatility by easily monitoring the market while managing a trading account, orders and positions, and following the changes in equity, leverage and performance. It is important to mention that due to its direct integration with ZuluTrade and its lack of commissions, AAAFX probably offers the fastest and easiest way to start trading on the social trading platform. Just look at the list of the investors on ZuluTrade and you’ll see that most of them have chosen AAAFX. Swap fees are not mentioned and their live chat was unresponsive when we asked.

I build software for Trading and Data Science for my business in Quantitative Consulting. For tutors looking to provide One-To-One tuition (face-to-face or online). Please, stay afromy of this banWhileilst opening an account is relatively easy, they bring lots of problems when asking for your information. In regards to the fees, please note that these are general wire fees used in the EU and we cannot change them. We are sorry to hear that you are not completely satisfied with our services.

Dukascopy will not automatically cancel bid/offer orders that increase exposure. Videforex – Videforex accepts deposits in a range of cryptos and fiat currencies. Licensing conditions state that Dukascopy must keep client funds segregated from company capital. Negative balance protection is also in place to ensure users cannot xcritical scam lose more than their initial deposit. Dukascopy Forex Community members can now apply for an extended demo account which can be used for up to 28 days, whereas standard demo accounts are available for just 14 days. Duskacopy.com customer reviews are mixed when it comes to the deposit and withdrawal options available.

AAAFX, ZuluTrade’s very own broker, does not charge a commission. You therefore earn 1 extra pip compared with the other brokers, but this doesn’t mean that AAAFX will always be the cheapest for every currency pair. Bear in mind the time your funds actually take to reach you/your account can depend on your provider, so always good practice to check with your provider of choice before you request a withdrawal.