Dukascopy Suisse is a reputable forex brokerage house based in Geneva, Switzerland. Dukascopy is renowned for providing direct access to the world’s first decentralized foreign currency exchange marketplace; SWFX Swiss FX Marketplace. Founded in 1998 by Dr. Andre Duka, with a mission to research, develop and implement complex financial systems, Dukascopy Suisse has become one of the world’s most respected Forex brokerages.
Their success in the marketplace is rooted in their commitment to privacy, integrity and security. Switzerland is known for it’s discreteness and confidentiality regarding financial transactions, and Dukascopy Suisse goes to great lengths to protect the interests of their clients while strictly adhering to Swiss anti-money laundering regulation.
Dukascopy has developed an innovative technology solution that powers one of the most important Forex liquidity markets in the world, and just recently filed its Banking License Application to the FINMA. An independent supervisory authority, FINMA protects the clients of financial markets, namely creditors, investors and insured persons, thereby strengthening confidence in the smooth functioning, competitiveness and integrity of Switzerland’s financial centre.
Dukascopy has developed an intuitive forex trading platform that aggregates prices from a number of sources including Currenex, Hot Spot FXi, and Lava FX (in addition to individual hedge funds and banks). This allows traders to see and trade on the best possible bid, while simultaneously asking available between each of the sources. This type of data aggregation and analysis provides great liquidity, allowing Dukascopy to execute high volume trades at one price. It’s also worth noting that, unlike other Electronic Communications Network (ECN) Forex brokers, one can hedge with Dukascopy.
Minimum trade on the Dukascopy platform is 100,000 units, but all parties on the network accept orders smaller than 250,000 units. For this reason, most trade at least 250K at a time. Maximum leverage available is 1:100, and if you fall below your margin requirement Dukascopy will give you a literal margin call via the telephone. Additionally, Dukascopy automatically hedges your position for you if your balance reaches 50% of your margin requirement.
Their minimum account size is 50K, and bank guarantees start at 250K. It is also noteworthy that depositors with 500K available to trade are eligible for a segregated funds Swiss bank account. One of the most attractive elements of working with Dukascopy is their extremely low commissions, which start at $18 per million and scale down based on your trading volume.
Here’s what a few of our readers have had to say about Dukascopy Suisse:
{ 2 comments… read them below or add one }
As a full-time trader trader, I require my counter-party to have my limits and stops executed on all normal market conditions, consistent uptime on the trading platform, and most importantly a company that I can rely on when I put in a larger deposit into them. They have fulfilled this criteria. Also note, Dukascopy Suisse is an ECN; they are not a market maker.
i would like to transfer my funds to dukascopy suisse to trade on my behalf.How do i process such transfer. Also what will be the rate of payment at various times of the year. PLS REPLY. POTENTIAL CLIENT.