Octafx Facts & Figures

Location London UK Cyprus Ltd,
Regulation FCA, CySEC
Offices 2 Devonshire Square, London, England, EC2M 4UJ
Broker type STP | ECN

Forex

Leverage up to 1:500
Spread EURUSD 0.7 pip
Spread GBPUSD 1.1 pip
Spread EURGBP 2.1 pip
Assets 28

CFD

Stocks Spread Variable
FTSE Spread 1.8 pip
Oil Spread 1.1 pip
Spread EURGBP 2.1 pip

Dukascopy review :
Company Information

Dukascopy  offers a single type of account with leverage up to 1: 100, tight variable spreads and a reasonable commission. Micro lots are available for trading and all transactions are executed automatically on its ECN regardless of size.

In addition, PAMM services are also available from this broker. The PAMM module (Percent Allocation Management Module) is a technical solution allowing Dukascopy clients to have their accounts managed by an investor appointed by them on the basis of a limited negotiation power of attorney. The PAMM solution allows the investor on a trading platform to simultaneously manage an unlimited number of managed accounts.

Founded in 2004, Dukascopy Bank is a Swiss online bank based in Geneva, Switzerland, which provides online trading services (with particular emphasis on foreign exchange, gold, CFDs and binaries), banking services and other financial services through proprietary technology solutions.

The broker has a European subsidiary as well as a unit based in Japan (following the acquisition of Alpary Japan in early 2015). In addition to its headquarters in Geneva, Dukascopy  Bank has offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong.

All Dukascopy clients benefit from the Swiss Forex Marketplace (SWFX) ECN trading model. The broker’s pricing model is transparent, as are its operational parameters. In addition, Dukascopy  offers a source of historical data, as well as a market depth monitor.

Disclaimer Risks incurred: You risk your capital. Statistically, only 11-25% of traders manage to make profits through Forex trading and CFDs. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

Dukascopy review :
Platforms & Tools

Dukascopy review :
Trading Accounts

Trading accounts at Dukascopy Brokers are categorized into three categories, based on the platforms preferred by clients. These accounts include:

Dukascopy provides traders with mostly original MetaTrader and cTrader trading platform experience. In addition to the European license in Cyprus, Dukascopy also lacks supervision in major jurisdictions, which puts it at a serious disadvantage compared to other trusted foreign exchange brokers.

Dukascopy Review :
Micro MT4 Account

This account is recommended for beginners and does not charge any commission. The account offers both floating and fixed spreads and will require a minimum deposit of $ 1000.

This repository is friendly for beginners; In fact, it’s below the market average by around $ 1000. The account has a maximum leverage of 1: 100, which is too high. Floating starts at 0.4 pips while fixed starts at 2 pips.

Dukascopy Review :
MT5 Pro Account

Another type of account found at Dukascopy Brokers is the MT5 Pro account, which is designed to meet the needs of experienced traders. Unlike the MT4 account which has both fixed and floating spreads, this account only has floating spreads.

It is also commission-free and offers a maximum leverage of 1: 200. The minimum deposit is slightly higher than the MT4 account and is set at $ 500. The waterline starts at 0.2 pips.

Dukascopy Review :
CTrader ECN Account

This account is ideal for traders who want to trade raw spreads as well as floating spreads. This minimum deposit is set at $ 1000 and has a maximum leverage of 1: 100. The cTrader ECN account is very similar to the TM4 account but it does not offer a fixed spread. Floating starts at 0 pips.

Dukascopy review :
Dukascopy Regulation Security of Funds

Dukascopy is regulated by the Federal Financial Market Supervisory Authority (FINMA) as a bank and securities dealer. So this broker is rock solid in terms of security and safety.

Obtaining such a license is not an easy task, as applicants must comply with a set of stringent requirements, including a minimum capital of CHF 20 million. In addition, Swiss currency brokers are required to sign the Swiss Banks and Securities Dealers contract, which protects all client deposits up to CHF 100,000.

The broker’s subsidiaries are also duly regulated: Dukascopy Europe AS is an EU licensed investment brokerage firm based in Latvia, and is regulated by the Local Commission for Financial Markets and Capital (FCMC); Dukascopy Japan holds a Type 1 license issued by the Financial Services Agency of Japan (JFSA).

In addition, Dukascopy The Bank exercises consolidated supervision of its subsidiaries from Switzerland, ensures adequate liquidity, risk diversification and capital adequacy at group level.

Dukascopy review :
Trading Conditions

Dukascopy Review :
Minimum deposit

The initial $ 1,000 deposit requirement is probably a bit confusing for newbies looking to start with a small amount of money, but the education and research section of the broker is exceptional and can possibly make a pro investor a monkey. Calendars, charts, news and market research, signals, calculators and many other tools are available to investors.

Dukascopy Review :
Leverage

Dukascopy offers its clients a maximum leverage of 1: 100 which is considered a low ratio for the market. If you need higher leverage levels, many forex brokers offer leverage equal to or greater than 1: 500. Keep in mind, however, that the higher the leverage, the greater the risk associated with margin trading. That’s why Swissquote also offers leverage up to 1: 100 and even advises inexperienced investors to use less leverage.

Dukascopy Review :
Spreads & Commissions

The spreads offered by Dukascopy are variable and quite tight, averaging 0.2 pips for the EUR / USD pair, but investors also have to pay a commission of $ 7 per lot. However, the cost of trading with this broker is around 0.9 pips per lot for this pair which is really low and competitive. Most brokers offer spreads in the range of 1.0 to 1.5 pips on EUR / USD.

In comparison, Swissquote, the only other regulated Swiss broker, offers variable spreads from 1.8 pips on EUR / USD (and does not charge any commission).

Dukascopy Review :
Trading platforms

Dukascopy supports the very popular MetaTrader4 (MT4), and also offers its own Forex trading platform JForex.

MT4 hardly needs a presentation. It is the most popular trading software, highly regarded by investors of all skill levels. The platform has excellent charting and is particularly popular for its automated trading robots, called ExpertAdvisors.

The JForex platform is designed for investors interested in automated trading and / or the development and testing of trading strategies based on the JAVA programming language. It is available in desktop, web and mobile versions. Here are some of the tools and features offered by the platform:

  • 250 indicators and graphic studies
  • Calendar of economic events, news
  • Automated trading on the user’s machine or on Strategy Server
  • Automated trading history tester
  • Renko, Scale Bars, Line and Point Break Charts and Figures
  • Mql4 Expert Advisor converter to JAVA

In addition, this broker also offers the possibility of API integration for professional investors (who deposit a minimum of USD 100,000). The Dukascopy API is based on the FIX4.4 protocol. The API is used to receive real-time data, submit orders, set / modify / cancel orders, and receive automated notifications of trading activities.

Dukascopy Review :
Deposits / Withdrawals

Dukascopy customers can make deposits and withdrawals to their account by wire transfer, debit cards (Maestro, Visa Electron), and credit cards (MasterCard, Visa). Unlike most brokers, Dukascopy does not support electronic wallets, such as Skrill, Neteller and PayPal.

Dukascopy Review :
Bonus and  promotions

Currently, Dukascopy Broker provides a 100% bonus for every deposit. This is a good bonus that will welcome traders and give them extra money to keep trading. With this bonus, you can afford higher margin trading without worrying about the risk. And you can choose from different types of payment methods including Netteller, Skrill, wire transfer, and credit card.

Dukascopy Review :
Fees

Dukascopy does not charge deposit, withdrawal, inactive accounts. fees

Dukascopy review :
Research

Dukascopy’s research products have a good foundation because it provides some of all necessary content types, including content types from third parties. However, compared with research leaders IG, Saxo Bank and CMC Markets, Dukascopy has room to enhance its research products.

Dukascopy provides a series of research content in the “Trader Tools” section, including economic calendars, market insights and daily analysis posts, as well as AutoChartist’s trading signals. Dukascopy also generates video content in Minute posts on YouTube, such as the regular Market, as well as some archived webinars and some educational content.

Dukascopy review :
About Dukascopy

Dukascopy Bank is a Swiss forex broker offering a wide range of financial instruments for trading on its robust JForex platform. Having a banking license, among others, it is secure and well regulated, and offers excellent trading conditions: very tight spreads and fast ECN execution thanks to SWFX Swiss FX Marketplace technology.

Dukascopy review :
FAQ

Is Dukascopy a scam?

We strongly recommend that you read the user reviews on our website before you start trading with this brokerage company. They will help you determine whether Dukascopy is a scam or not.

Is Dukascopy regulated?

Yes, The activity of Dukascopy is supervised and regulated by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines. Grenadines, 2009, article

What is the minimum deposit for Dukascopy?

This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500.

Is Dukascopy legal in Pakistan And India ?

Yes, you can open an Dukascopy account from 100 countries, including India, Pakistan, UAE,Malaysia, and Singapore.

How long does Dukascopy withdrawal take?

Is Very fast need 1 To 3 Hours

Dukascopy review :
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Dukascopy is a Swiss-based forex, CFD, and binary options broker

Dukascopy review :
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