Background and Regulation
Dukascopy Bank is a Forex broker operating out of Geneva founded back in 1998 and is considered secure in that it actually holds an actual banking license and is regulated by Swiss Ministry of Finance. In reviews of top FX brokers the company tends to perform well and is often rated in the top 10 online brokers operating in the world.
Dukascopy is an Electronic Communications Network (ECN) broker, operating through the Swiss Forex Marketplace (SWFX) utilizing a centralized-decentralized marketplace model. The minimum lot size of 1k and offers leverage of up to 300:1 with a minimum deposit size of just .
Minimum Account Size: $5000 for Non Swiss Residents (US Clients Not Accepted)
Account Funding: Bank wire, credit cards
Spreads Vary from 0.1 pip
Commission $10 - 35 Per 1 Million Traded ( Commission varies depending on equity deposited in the account and trading frequency and turnover)
Minimum lot size: 1k
Max leverage: 1:300 but Default is 1:100.
Note on Leverage: Maximum available leverage for the weekends and other market holidays is reduced to 1:30 to decrease risk exposure.
Islamic accounts are offered
There is a popular trader competition each month , with $15,000 to be won and you can copy trade the top traders as well.
Before we take a look at this Swiss Forex broker in more detail, I would like to recommend the excellent videos on the site which you can simply go and view for free. The Forex TV channel has news and opinions which short, concise, informative and very well presented. Even if you don't open a trading account, the Forex videos on the site are well worth following and there is also plenty of news, trading comments and technical analysis comment and tools.
Dukascopy is what you would expect from a Swiss bank – its secure, services are competitive and support is highly regarded. If you are looking for one of the best Forex brokers you should add Dukascopy to your list and check them out.