- Name : Dukascopy
- Website : dukascopy.com
- Established : 1998
- Regulation : FINMA
- Country : Switzerland
U.S. Clients Allowed :
NoDue to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.
Dukascopy PlatformsDukascopy Platforms
Dukascopy Bank trading platforms are accessed through the Swiss Forex Marketplace (SWFX). There are several different platforms and they all support a wide range of trading orders such as Market, Limit, Stop, Take Profit, Stop Loss, Stop Limit, Trailing Stop, Place Bid/Offer, OCO, and more.
There are two trading modes available on these platforms: “Net Position” and “Hedging” mode. “Hedging” mode allows the trader to keep different direction positions for the same trading instrument, with possibility to “Merge” them. “Net position” mode displays all orders for the same currency pair in one position.
The Java platform is designed for manual trading and is structured to display all necessary trading information simultaneously without having to switch between different windows. Additionally, traders can benefit from various market research tools such as technical analysis that are integrated into the platform. Instant communication with a live trading support team is also on hand.
The JForex platform is suggested for manual and/or automated trading. It is designed for traders interested in automated trading or developing and testing trading strategies based on the JAVA programming language. The main functionality and interface of the platform are similar to those of Java platform. The features of this platform include 250 different indicators and chart studies, automated trading on either the user’s computer or the Strategy Server, an automated trading historical tester, plug in support and interfaces in many different languages. They also provide a cross-platform interface to allow for custom strategies and provide special programming code. Clients can install JForex with one click for Windows, Mac or Linux. Dukascopy provides API documentation, a user community and video tutorials.
Some traders prefer to use the popular MT4 platform and this is available through a third party bridge.
Dukascopy also offers various mobile platforms for Android and other mobile devices through the SWFX Marketplace. The goal of the mobile platform is to have desktop functionality at your fingertips wherever you are.
Dukascopy’s website platform section provides users with a clear comparison chart for the different platforms so that clients can make educated decisions The basic features are the same but a couple of small things vary between platforms such as “net position mode” and automated trading.
In addition to the above Forex platforms, Dukascopy also offers the Web Binary Trader, a binary options trading platform which has numerous features of its own including predetermined payouts and risks; in-the-money contracts yield starting from 70% of the paid premium and up to 90%; small trading amounts starting from as low as $1.00 and no commissions or hidden fees.
Trading can be done securely online through one click trade to an unlimited number of accounts as well as by telephone to various different locations across the globe.
Review info: Dukascopy
Review Date: 2017-04-04
Rating : 4
Reviewed By : Sara Patterson (Google+)