|Broker Rating||#10 (83%)|
|Company||Dukascopy Swiss FX Group|
|Founded and online since||1998|
|Min. Account Size||5,000 USD|
|Min. Position Size||0.01|
|Platforms||JForex SwissFX Web MetaTrader 4|
|Account currencies||Australian dollar, Canadian dollar, Euro, Great Britain pound, Japanese yen, Singapore dollar, Swiss franc, United States dollar|
|Support available in|
|VPS for traders||N/A|
By combining access to the Swiss Foreign Exchange Marketplace with an enhanced trading platform and strong financial services via its banking partnerships, Dukascopy – SWFX Swiss FX Marketplace continues to set the global industry-standard for ECN forex trading. Swiss Forex Brokerage House
Dukascopy offers direct access to the Swiss Foreign Exchange Marketplace. This market provides the largest pool of ECN spot forex liquidity available for banks, hedge funds, other institutions and professional traders.
To accommodate the existing banking relationships of our clients, Dukascopy offers full Prime Broker capability with give up facility, by utilizing an extensive network of banking partners. SWFX – Swiss Foreign Exchange Marketplace
The Swiss Foreign Exchange Marketplace (SWFX) is the technological solution for Forex trading utilizing a centralized-decentralized marketplace model. Its successful launch is the result of a close cooperation with selected banks, other institutions, Forex marketplaces and providers of technological solutions.
The SWFX Marketplace allows trading between market participants in a centralized-decentralized environment. In this exchange, both buy-side and sell-side participants interact on an equal footing.
The SWFX Swiss FX Marketplace is the Dukascopy’s proprietary technological solution and registered trademark.
The Dukascopy trading platform provides an array of tools for risk management and control over the order execution. Clients may trade billions of dollars in a secure “one-click” trading environment. Support is also provided by a 24/6 trading desk if clients need to trade over the phone.
Dukascopy Bank Philosophy of Transparency
Transparent Price Feed
Dukascopy Bank combines the individual bids and offers of all SWFX market participants in one place, providing one transparent price feed for everyone without exception. All Dukascopy Bank clients get the same price feed regardless of account size or trading strategy.
Transparent Historical Data
Historical Data Transparency is an essential point for strategy development. Dukascopy Bank provides the true historical price feed for a strategy development and back-test, with access to high quality tick-by-tick quotes. Such environment guarantees a high accuracy of a back-test and excludes any possibility for price manipulation by Dukascopy Bank.
Transparency in regards to market-liquidity is indeed an essential feature for any serious market participant as it shows clearly, whether the sufficient volume of liquidity is available at the moment. The ECN model provides a clear view of the market through its unique market-depth window, showing available liquidity.
Transparent choice of custodian
Dukascopy Bank clients’ can benefit from full and transparent choices of custodian-ship with numerous Swiss Banks which allows for flexibility regarding collateral deposit. Under this banking solution, the clients can trade directly with Dukascopy Swiss Forex Bank & Marketplace while keeping their capital safely at the bank of their choice.
Transparency in regards to externally managed accounts
Dukascopy Bank maintains a full transparency and a comfortable level of control when client issuing a mandate to an external manager. View mode access to the account assures that all transactions and performances of the manager can be followed in real time. Additional protection is guaranteed by set up the acceptable risk level which works like a stop loss function and immediate account deactivation capability for the managed clients.
Transparent Instant Reporting
Dukascopy Bank provides a real time access to balance, equity, P&L and trading-power information, as well as back office features for generation of full account statements and reporting. Required information is easily available online at any time allowing the reports generation within a specified date-range.
Cross Language Transparency of Programming
Dukascopy Bank aims to support the different programming languages used in IT industry. Automatic translation via built in convertor enables programming of the trading strategies based on multiple languages, such as JForex, MT4, MT5, etc.