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I am a client of Dukascopy since FEB 2010. During all these months, I have experienced very good spreads (0.5-1.5pip for EUR). In addition, their execution was of lightning speed and flawless. When i use market orders, I experienced 0 to 0.5 pips of slippage, thanks to their slippage control. Their customer service was good and showed a great deal of patience to solve my problems when i contacted them through skype.
I seriously recommend this broker to novice and professional traders alike. Do not be duped by other US bucket shop brokers again.
however, akin to a double edged sword, this broker have its disadvantages as well. One major problem was their commissions. their commission is a little higher than other ECN brokers (USD 32/million traded for a USD 10,000 deposit)= USD 8.50 in and out. Fortunately, I was aware of a introducing agent which offers me rebates of 45% off my commissions generated monthly.
Hence, I hope that dukascopy will lower their commissions further to remain competitive in the retail FX market.
Headquarters: ICC, Route de Pré-Bois 20, 1215 Geneva 15
Country: Switzerland
Regulated by: Swiss Ministery of Finance
Subsidiaries: Dukascopy Europe
3.5
4.0
Dukascopy Account Info:
minimum deposit: $5,000
minimum lot size: 1k
max leverage: 1:100, 1:30 during weekends
Spread:
Variable, from 0.1 pip
Commission:
$48 per 1 million USD traded
Dealing model:
Swiss Forex Marketplace (SWFX) - ECN
Deposit/Withdraw
Bank Wire, Bank guarantee
Platform:
JForex (for autotrading), Java platform (for manual trading), Web platform, iPhone/iPad platform
Extra services
Forex signals by Zulutrade, just 0.5 pips commission
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