Dukascopy Suisse SA, the owner of SWFX - Swiss Forex Marketplace, is incorporated and regulated in Switzerland. Dukascopy is regulated by ARIF and FFA which provides a great protection against money laundering. It is probably one of the safest broker to trade with.
While writing this Dukasopy review, we have found out that Dukascopy gives forex traders an access to the Swiss Foreign Exchange Marketplace with the daily network volumes of 80 billion USD. Via its banking partners and enhanced trading platform Dukascopy provides top-notch forex trading services.
Dukascopy offers several trading platforms:
1. MetaTrader 4 (favourite platform among traders)
2. JAVA based platform (for manual trading)
3. JFOREX platform (for auto trading)
4. Web-based platform
All platforms are very secure so a trader can enjoy the 1 click trade to unlimited number of accounts.
Demo account is available for 14 days for the new forex traders to practice their skills. Registering for a demo account is very easy – just choose the username and the password and you are ready to go.
If you aren't an online trader you can easily trade via phone. Dukascopy provides 24/6 access to Trading Desk support.
One of the main features of Dukascopy is really low spreads in the forex market. It uses real-time interbank rates with 0.5-1 pip on majors thanks to the biggest worldwide liquidity generated by the active participants. Maximum leverage is 1:100 and minimum deal size is 10,000.
Dukascopy minimum deposit requirement is $1,000.
One of the interesting feature provided by Dukascopy is the monthly trading contest, where the top prize is Cartier watch.
The seemingly complicated registration process ensures the top security for the trader. It is worth it in the long run!
In order to start trading with this SWISS broker you have to register online and get account opening documentation. All of the required documents are available online for download. Just fill in the papers, sign and send them back to Dukascopy. Once that is done and over with you can fund your account and start trading.
As a forex trader at Dukascopy you will be able to act and react quickly upon market changes. You will easily be able to monitor the market, manage positions and vie the history, leverage and performance. There are plenty of tools to help trader with the decisions – advanced charts and technical analysis, full depth of the market, professional reports and statements, online streaming news, Automatic "Merge" of several positions into one, Call Level Request service and much more.
Support is available 6 days a week via email and phone. The lack of online chat is substituted with customer support via Skype.