Dukascopy Review

Anyone can trade but you need to choose your market carefully. Trading currencies is riveting and it is widely accessible. Possibly the main advantage of forex trading is the ability to start trading with a relatively small amount of capital, and the markets are available to trade all day long. If you’re new to trading forex, you’ll want a good trusted forex broker. Dukascopy is an online forex broker. With a Dukascopy review, you’ll discover that Dr. Andre Duka, a mathematician founded this trading platform in 1999 and as a Swiss brokerage house in Geneva in 2004. Today the group offers forex and CFD traders access to 64 forex pairs, more than 350 CFD markets, a Dukascopy demo account, competitive pricing and they are compatible across most operating systems. In terms of being trusted, it is a professional TV studio in Geneva

They broadcast news from in-house reporters who conduct market analysis, and their content is realistic and relevant. The DEMO Trading Platform is a replication of the Live Swiss FX Marketplace, and orders given through the demo-trading account are done in a fictitious manner. They provide an online form to be filled in for traders to open a demo account for a period of 14 days.

Find the best trading platform. You capital is at risk when trading. Be careful.

Is Dukascopy a scam? Is Dukascopy regulated?

You can try to find Dukascopy scam information online, and there are people who are disappointed by them, but when it comes to Forex trading, you’ll find that Dukascopy is for real – they are regulated. They are regulated as a securities dealer and bank by the Swiss Financial Market Supervisory Authority (FINMA). The online broker is also subject to strict regulations. A good sign of whether to assess whether any business is legit is to also take a good look at their website. The company has a good website providing plenty of information on what they do and how to they can be contacted. The company, apart from its Geneva headquarters, also has offices in Moscow, Dubai, Hong Kong, Kuala Lumpur and other places too.

They employ more than 300 staff, and it’s highly unlikely that so many staff members would stick around with a scam company and risk not being paid. When it comes to platforms and tools, you’ll discover that the company’s flagship platform is JForex3. This is a web-based- and desk-top platform supporting Mac and Windows. They also support a 3rd party bridge so that their customers can access the MetaTrader4 platform. , the company makes sure that they provide plenty of trading guides and information on their website.

Alternatives to Dukascopy

If you’ve given Dukascopy a go and you believe you can do better, there are alternatives to look for. A Markets.com review, for instance, will pique your interest as an option as they are regulated. They are operated by Safecap Investments Limited, who is a regulated investment services firm. This firm is authorized by the Cyprus Securities and Exchange Commission as well as by the Financial Services Board, receiving regulatory approval for forex operations. Also, IQ Option is a reliable option too, being regulated and listed as one of the best brokers for traders, offering them their own proprietary platform.

Between 65-89% of retail CFD accounts lose money.