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Everything, including the reviews looks good on Dukascopy, including the scaled down min to open an account from $50K to $1K.
The only problem now is that opening an account requires notorized docs being sent via DSL or UPS or something. That's a serious pain and expense where I live, not to mention the delays involved. While I can see such paper documentation being reasonable for corporate & high value accounts, it's very much out of the league of common practice among forex brokers for individuals.
Glad to see they brought minumum opening balances down, but I'm very inclined to look elsewhere until they dispense with the heavy handed bureaucracy. Maybe next year?
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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