Reviewer: Forex Trader Website Reviewed: Official Dukascopy Website Type: Forex Trading Broker

Dukascopy is a Swiss ECN forex broker that was founded around 1998 with the mandate to offer real time Forex interbank rates alongside low spreads within 0.5 to 1 pip on all majors. This forex broker is regulated by FFA and ARIF, a Swiss self regulatory organization that has a primary goal of ensuring that all its members ensure existing Anti Money – Laundering legislation. This forex broker is able to combine access to the Swiss Foreign Exchange Marketplace alongside this forex broker’s enhanced trading platform and strong financial services via its counterpart banking partnership. Dukascopy has continued to set the standards in the global financial industry through its interbank forex trading. The Swiss Foreign Exchange Marketplace offers Dukascopy access to the largest pool of interbank spot forex liquidity that is solely available for banks, hedge funds and pro-traders. This forex broker is able to utilize the extensive network of banking partners to offer full prime broker capability.

Dukascopy has a minimum deposit of $10.000 for live account opening with a sole funding option of wire options that can be handled through its Segregated Accounts with its Swiss Private Banks, however it’s recommended to start with deposit of $50.000. Dukascopy would not allow payment methods such as Paypal or Google Checkout or even Credit Card. It is important to note that you can start practicing on its platform called the SWFX (Swiss Forex Marketplace: Terminal Level II, SWFX 3.0i) that is available on Java as well as Web based platforms. Please ensure that you have a stable and appropriate internet connection speed whilst trading with this forex broker.

It is very important for investors to know that base on the location of these forex broker (Switzerland) the land of secrecy, this forex broker offers individuals the required strict professional ethics, integrity and the security of funds. Dukascopy owns an overnight policy that allows investors have attractive cost of carry conditions and thus strengthens its hold as one of industry’s leaders. I must say that for traders who can handle Dukascopy’s minimum deposit requirement then you’ll find its multi-lingual platform in English, Germany, Russia, Spanish, Chinese, Japanese and Arabic very useful. To be a part of this awesome experience you’ll be require downloading the available documents online and filling up the papers, sign and send them back to this splendid forex broker. Upon completion you’ll be able to fund your account and start trading after you must have received a Unique Identification Number and Dukascopy’s bank details. You’ll require providing the UIN during the funding process.

Nonetheless, Dukascopy is perhaps the most efficient forex broker around, thanks to the combined liquidity of centralized marketplaces and a number of banking partners, making it the biggest marketplace in the world. There are sometimes daily network volumes that exceed $80 billion USD.