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Review: Dukascopy is a Swiss bank that focuses on providing financial trading and investment services. It's a site similar to Swissquote.

Dukascopy: It's an honest, well-funded online broker for both forex and cryptocurrencies.

And being located in Switzerland gives them extra brownie points too (I mean if that is something that would impress you as a resident of Qatar).

Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA and overall a solid broker for both serious and beginner forex and crypto traders in Qatar.

Yes, the official website and app of this broker is safe, legit and trustworthy.

After six years of development, Dukascopy Bank, a Swiss online bank and brokerage, was formed in Geneva, Switzerland, in 2004.

Review: Demo and Islamic accounts are available, as have both excellent customer service. Their website has a lot of information.


Review: The Financial and Capital Market Commission of Latvia oversees investment brokerage firm Dukascopy Europe IBS AS, which has its headquarters in Latvia and is EU-licensed (FCMC).

A European regulated payment and e-money corporation, SIA Dukascopy Payments is situated in Latvia and handles financial transactions on behalf of the parent company.

The Financial Services Agency of Japan (JFSA) regulates Dukascopy Japan, a subsidiary, as a Type-1 licenced broker.

Based on net deposit, equity, and trading volume; their trading costs include spreads and fees that might be higher or lower based on these factors.

The markup on the EUR/USD is 0.1 pips.

An MT4 trading account comes standard with a one-dollar fee on each normal lot of trade.

Review: Forex and commodities CFD fees start at $35 per $1,000,000 in trading value; the CFD cost reduces as equity grows.

Except for US shares, equity CFD charges are normally 0.10 percent of the transaction value but may be as low as $0.02 per share depending on the market.

For each $1 million in trading value of currencies or precious metals, there is an additional fee of $5 or $7.5 for Islamic accounts.

Overnight swap rates apply to leveraged situations.

Despite its complexity, Dukascopy's pricing structure is straightforward and competitive.

Currency pairings, commodities, equities and index CFDs, cryptocurrencies, bonds, ETFs, and binary options are all available with Dukascopy.

There are 61 currency pairings to choose from, and eleven commodities are available for diversification.

Review: Stocks from 14 countries, 19 index CFDs are available.

Bonds and cryptocurrencies are the sole options, although 43 US-listed ETFs complete the choices.

All traders at Dukascopy have access to a nearly similar account type, with a few noticeable exceptions.

Clients may choose between the broker's own JForex trading platform and an MT4 trading account.

Traders have the option of using either the most basic version of the popular MT4 trading platform or the customised JForex trading platform.

There is just one MT4 platform for Forex and commodities trading; multi-asset traders use the JForex platform.

For traders, access to better pricing and liquidity is provided via the SWFX ECN Marketplace.

Dukascopy offers a wide range of innovative tools to improve the basic trading experience.

Review: Traders have access to a wealth of information in the shape of well-written articles and charts.

You may reach customer service representatives 24 hours a day, seven days a week through phone or callback request as well as email and live chat.

In addition, there is a FAQ area.

There is an equity bonus program, volume discount program, experience sharing incentive program, and an anniversary bonus program offered by Dukascopy to its traders.

It's important to read the fine print. Dukascopy has a number of promotional schemes available.

A four-step online application is used to create new accounts. To comply with regulator mandated AML/KYC regulations, account verification is required.

Payments may be made via a variety of methods such as bank wires, debit or credit cards, Skrill or Neteller, Bitcoin or Ethereum, or bank guarantees. Third-party fees and processing times might vary.

Review: Dukascopy has mobile applications for Android and iOS that make it easy to monitor and execute transactions while on the go.

You may trade as little as 0.01 Lot with Dukascopy.

If you open a new bank account with them; the terms and conditions may be different.

It is possible for a trader and an instrument to have different maximum trading requirements.

ECN and STP execution at Dukascopy means incredibly narrow spreads and more visibility into the cost of executing your trades.

Dukascopy supports a broad variety of languages, including Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, and Spanish, among others.

Review: New clients at Dukascopy are required to complete a series of basic compliance tests to confirm that they understand the dangers of trading and that they are permitted to trade.

A few simple compliance questions will be asked to verify your trading expertise, so set aside at least 10 minutes to finish the account opening procedure.

The platform of Dukascopy may be accessible right immediately, but you will not be able to conduct any transactions until you pass compliance, which may take several days depending on your circumstances.

Most Trusted Dukascopy User Reviews on Trustpilot

There are skilled lecturers and decent tools for trading on the platform of this bank, according to Alaa Kata from Qatar.

Dukascopy earns a rating of seven stars from Muhammad Ali from Qatar. When I have a question, I like how promptly help replies. Their financial services are extremely impressive to me. The JForex Platform is just outstanding.

In the words of Andres Nicolini from Argentine: Having used JForex for a number of years, I can attest to its numerous advantages, including its versatility and comprehensiveness.

"I do enjoy the new jforex4 platform and know there are certain aspects that don't perform as well as with the old platform maybe it will take some time to get used to," says Rodney Johannes from South Africa. "I don't see the tracking (arrow and line) of transactions that were placed. If it's not a setting issue, can you tell me what I need to do to fix it? I'd want to see and use the one-click trade execution feature again, but I'm not sure if I'm doing it correctly to make it work. All things considered, I began on MT4, but I'm finding that this jforex platform is becoming appealing.

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Written by Tariq AlKhaldi

Tariq AlKhaldiA professional Banker and a part-time writer of financial topics. I'm energetic and highly committed having 10 years of Islamic Banking experience. Full Bio.

 

 


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