Dukascopy

Dukascopy is an international Forex ECN broker with headquarters in Geneva. It started its operations in 2004 with a share capital of CHF 22. The group includes Dukascopy Bank - a licensed Swiss bank - and Dukascopy Europe - a daughter company registered in the European Union (Latvia).

In the year 2006 the so-called SWFX Swiss FX Marketplace - this technology provides Dukascopy clients with the largest possible liquidity from the interbank market by associating orders from banks, hedge funds, other institutions and professional individual investors. In other words, the Swiss Foreign Exchange Marketplace is a technology solution that aims to centralize the decentralized Forex market and provide the maximum possible liquidity, thanks to which we can conclude a transaction worth hundreds of millions of dollars with a single click.

PROVISION DISCOUNT -20% (for the first month)

• Reduced commission by -20% for the first month with Forex Club,
• Access to the application Forex Club - Tax,
• Transactions concluded directly on the interbank market (ECN),
• Excellent liquidity thanks to the SWFX Swiss FX Marketplace technology,
• The account kept in PLN, EUR, USD, CHF, GBP, JPY, CAD, AUD, SGD, gold ... 24 currencies in total!
• Protection against negative balances on the account,
• Commissions depending on the deposit paid and the amount of funds on the account,
• JForex, Web, Mobile and MetaTrader 4 platforms,
• Accounts managed in PAMM technology,
• The possibility of making a card associated with the investment account,
• Any type of trade possible - hedging, scalping, news trading, HFT trading.

DEMO account 

The demo account in Dukascopy is no different from the real accounts - they are the same platform functions and the same quotes and spreads. However, we have virtual funds on our account, and the demo period lasts 14 days after which the demo ceases to be active.

To set up a demo account, complete a short form on the Dukascopy website, and then, within a few minutes, the login and password for logging in will be sent to the e-mail address provided in the form. In the event that the login details do not come to the indicated e-mail address within a few hours of completing the form, please try again using a different e-mail box.

REAL account

Individual clients

1. Fill out the registration form - REGISTRATION
2. A prerequisite for receiving access to all Forex Club benefits, including commission discount -20%, is to go to the form from the link above.
3. Print the documents generated after completing the form.
4. Sign the documents and put the current date in the designated places.
5. Prepare a photocopy of your ID card or passport.
6. Prepare a photocopy of any bill (e.g. water bill, telephone) or a bank statement with the same address as in the registration form, with a date not older than 3 months - for accounts with a deposit below 15 000 EUR this document is not needed.
7. For accounts Instant to 15 000 EUR send an identity document in the form of scans via the website HERE.
8. For Standard accounts above 15 000 EUR send the complete set of documents by post or courier to the following address:
   

   Dukascopy Europe IBS AS Lacplesa iela 20a-1 LV-1011 Riga latvia

9. Send your UIN number to the address rejestracje@forexclub.pl in order to verify the correctness of registration. UIN consists of letters and numbers - e.g. 2Q7UMND9XM - you will receive it in the email after completing the form. 
10. After receiving and verifying the documents by Dukascopy, you will receive data for the deposit transfer via e-mail.
11. After posting the payment via e-mail, a login and a temporary password will be sent, which should be changed to your own. The security PIN for logging in will be sent by SMS.

Institutional clients

If you want to open a company account, please CONTACT.

Risk Information

Investments in OTC market instruments, including exchange differences (CFDs), due to the use of the leverage mechanism, entail the possibility of incurring losses equal to the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

account types

Dukascopy offers several types of bills that depend on the deposit paid. The commission policy, spreads and order execution methods are identical. The account can be opened in one of the currencies: PLN, USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RON, RUB, CNH, SEK, SGD, TRY, XAU, ZAR.

All types of accounts are accounts operating in the ECN model.

Commission policy

The following tables and explanations regarding the methods and rates of charging are presented.

An extensive commission policy depends on:

• deposit paid (table 1),
• the amount of funds on the account (table 2),
• platforms (other rates for MetaTrader 4).

All commission amounts are expressed in USD for 1 lot (100 000) USD turnover. To get the value expressed in percent, just divide the commission by the value of the transaction, e.g.

15 USD for 1 million USD = 0,0015%

The commission is charged separately for each transaction (for opening and closing). If you have an account in a different currency, these values ​​are converted at the current market rate into the account's deposit currency. To calculate your commission in advance, you can use the Forex calculator.

TABLE 1 - Deposit paid

* Net deposit - the sum of all deposits reduced by the sum of all withdrawals expressed in the equivalent of USD.

TABLE 2 - Funds on the account

* Equity - the value of funds on the client's account estimated as the USD equivalent at the billing hour.

Additional info

1. If Net deposit i Capital point to different commission rates, Dukascopy always applies lowest rate.
2. In a situation where the trader has several bills real Net deposit i Capital are accumulated to determine one rate commission on turnover for all deposit accounts.
3. The commission on turnover is set every day for each billing hour. The defined rate will be applied on the next trading day.
4. Fees on single CFD shares trading are 0.1% rotated volume and do not depend on Net deposit and/ or capital. The minimum commission for one transaction is 4 EUR.
5. Commission values ​​are converted to the base currency of the trader's account at the time of execution at the current Dukascopy spot exchange rate adjusted for a fee of 0,1%.
6. In the swap-free accounts an additional commission is added in the amount 0,5 USD 1 flight USD and currency trading 0,75 USD for 1 USD flight with metal trade.

Example commission calculations

MetaTrader 4

For accounts under MetaTrader 4 there is a different commission policy in the table below.

Deposits and withdrawals

Dukascopy offers its clients several methods by which you can fund your investment account:

• Bank transfer,
• credit card (possibly debit or ekarta),
• Skrill/Neteller
• Bitcoin (for accounts created as a cryptocurrency account),
• Dukascopy payments.

Bank transfer

Payment of funds

Based on the transfer instructions provided by the broker, you must make a payment at a bank branch or via an online order. The broker gives a month of time for the first payment. Dukascopy Europe offers transfers to mBank in Poland using a domestic transfer. The time of booking the payment is up to 1 business day from the moment of the transfer. For SWIFT / SEPA foreign transfers, it is 2-5 business days. The cost of the transfer results from the client's bank price list.

EVERYTHING ABOUT PAYMENTS FOREIGN BROKER

Disbursement of funds

Payments can be made in the customer panel. Within one business day, the payment order will be processed and the funds will disappear from the investment account. The payout time, similarly to the payment, is from 1 to 5 business days. In the case of accounts in PLN, it is one business day.

Credit card

In order to fund the account using this method, the card must be able to make electronic, non-cash transactions and have limits set for these transactions. Accepted cards are:

• Visa credit
• MasterCard credit,
• Visa Electron debit card,
• Maestro debit card.

The time of posting such a transaction takes up to 1 business day. Dukascopy does not charge any fees for paying with the card, but it also does not cover them. The commission is charged by the transaction broker and it amounts to 1,2-2,3% of the transaction amount depending on the selected currency (1,5% for PLN, 1,2% for EUR). The commission will be charged on the specified transaction amount. Payments from a card belonging to a person other than the owner of the Dukascopy account are not accepted.

This method only offers deposits. The funds should be paid by bank transfer.

Dukascopy payments

Dukascopy Payments is an innovative system integrated with our investment account with our broker. Thanks to Dukascopy Payments, we have the opportunity to obtain a virtual or debit card, with the help of which, after having been topped up in the Customer Panel, you can pay for purchases online or in stores. In addition, the Payments service allows currency exchange at favorable rates.

At present, there are no cards offered in PLN currency.

Financial instruments

Dukascopy offers trading on over 700 instruments, including CFDs on currencies, shares, commodities, stock indices, cryptocurrencies, bonds and ETFs. Spreads are starting from 0.0 pips - their value results from the current liquidity available on the market. Dukascopy makes every effort to offer its clients the lowest possible spreads.

Swaps are accrued when you hold the position for the next day by 23: 00 time GMT + 1. To calculate the current values ​​of swaps for a given transaction and account parameters, you can use the Dukascopy calculator.

Platforms

Dukascopy offers four stationary platforms, including Web versions, three mobile applications, and the option of using external platforms, as well as a bridge transferring commands to other platforms.

JFOREX 3

Dukascopy's proprietary platform, rich in features and capabilities. Designed for both beginners and more advanced traders. The multitude of tools allows for multi-level, advanced technical analysis and the use of custom solutions (machines, own indicators, backtester). It also has extensive options for personalizing the appearance and settings, and is equipped with tools that recognize formations on the chart. The platform is available in Polish.

Main features of JForex 3:

• Automatic and manual trade,
• 250 technical analysis indicators,
• News and marcoeconomic calendar,
• Automatic strategies run on the broker server side,
• Historical tester,
• Available Renko, Range bars, Point Figure and Line break charts,
• Multi-language support
• Windows, Mac and Linux support,
• Java version available (latest Java version required) and installation version.

WEB platform

The Web platform is a solution that allows transactions to be concluded from a web browser. The main advantages are quick access to the account without the need to download additional software, low hardware requirements and interface in many languages, including Polish. It has limited capabilities relative to JForex 3. One of the most recent browsers is required: Google Chrome, Firefox, Internet Explorer, Opera, Safari.

MetaTrader 4

The MetaTrader 4 platform is one of the most popular programs for performing analyzes and concluding transactions on the FOREX market. Its main advantages are intuitiveness, support of many charts, profiles and templates, a very large number of technical analysis tools, multilingual interface, own automated strategies (Expert Advisors) scripts and indicators, and many more.

The offer for MetaTrader differs in some respects from the standard Dukascopy offer. Others are, among others commission rates. Details are described in Commission Policy.

The main elements of the offer:

• Accounts kept in USD, EUR, GBP, CHF and PLN,
• Access to a limited number of instruments,
• Available microlights,
• Margin Call = 100%, Stop-Out = 50%,
• "Close by" function inactive,
• Possible hedging and using EA,
• Trailing stop inactive (will be added later).

Differences in other mechanisms:

1. In the event of the order being rejected (e.g. due to lack of liquidity, non-market price or exceeding the maximum exposure level) MT4 will return a message [Trading is disabled].
2. There may be differences in the balance on the MT4 platform and on-line reports and the balance at the end of the day. The broker recommends careful monitoring of compliance and differences with respect to these reports.
3. The mechanism set in the client's panel Stop Loss Level does not work for MT4 accounts.
4. Automatic reduction of leverage on weekends does not occur on MT4. In order to limit the risk, customers are forced to reduce the account exposure themselves.
5. MT4 accounts operate under other servers, which at the same time means that other logins and access passwords are valid for them (both for DEMO and LIVE).

Mobile platforms

iOS Trader

Application designed for mobile devices of the iPhone type. The platform gives access to the live ECN market, where we can conclude transactions on our real account in Dukascopy (the connection to the server is specially secured). Market reports are available here, as well as options such as immediate execution of orders, pending orders, OCO and others. In addition, we have a preview of live charts and quotes, market news, economic calendar, Dukascopy TV and other useful tools.

Android Trader

A platform designed for mobile devices with the Android operating system. The program gives access to our account, trading options, real-time currency pair quotes, charts with basic technical analysis tools and a built-in calendar, market news and Dukascopy TV.

Comparison of Dukascopy platforms

1. * Only on the client's side
2. ** Only basic functionality
3. *** Not supported by Dukascopy

Custom platforms

Dukascopy provides a solution that allows trading through third-party trading platforms, such as MultiCharts and ProTrader. Full integration at the level of transaction handling as well as quotes from Dukascopy and charts that will be based on them allows for complete isolation from the broker platforms if the trader has only such a need.

MultiCharts

The MultiCharts platform is an excellent tool enabling placing orders directly on the Forex market without intermediation of additional bridges provided by third parties. With its use we get access to the stock exchange LMAX with features that we won't find, e.g. on the popular MT4.

Advantages of the MultiCharts platform:

• direct access to the LMAX exchange,
• insight into the depth of the market,
• trading from the charts,
• advanced and extensive options for displaying price charts,
• Supported orders: Stop, Limit, One-Cancels-Other (OCO), Stop Loss, Trailing Stop, Market, Take Profit.
• automatic trading (TradeStation and EasyLanguage), supported languages ​​C # and VB.NET,
• backtester and strategy optimizer,
• market scanner (instruments ranking and filtering options).

MultiCharts software is available in two versions:

• standard
• .NET version.

MultiCharts.Net is intended for people who want to first test the platform in their own trade without buying a license or for beginner investors. It has one limitation compared to the standard version - trading on up to two instruments at the same time.

The MultiCharts platform offers a 30-day trial version, which is free. Continued use involves the purchase of a license.

1. TEST VERSION
2. .NET VERSION
3. BUY THE LICENSE
4. CONFIGURATION

Visual JForex Visual Strategy Wizard

Visual JForex is the original application of Dukascopy, which gives you the opportunity to create your own automatic strategy in Java without knowing even the basics of this programming language. The strategy creator, by means of intuitive actions consisting in placing blocks of functions and combining them in the right order, allows to create both simple and more complex automata of their own idea. They can be used both as tools only supporting trade (displaying specific information or informing about alarms about a given event), as well as to investing the investor in the process of concluding transactions.

The application is equipped with a module compiling the strategy and a tester, which allows you to check the correctness of its operation from the Visual JForex level. Support for many indicators of technical analysis (all available in the standard on JForex) and templates of various strategies make the work even more simple and the possibilities greater.

Help:

• Documentation,
• Video lessons,
• Visual JForex forum,
• Visual JForex competition - the prize pool is 15 000 USD per month!

SMS notifications

FAQ - Dukascopy

General questions

Retail

Deposits and withdrawals