Dukascopy Binary Options Minimum Deposit

Dukascopy Banking concern is a Swiss fiscal institution founded in 2004. Dukascopy provides banking, online brokerage, and trading services for clients in Europe and Asia. They focus on offering Contracts for Divergence (CFDs), Forex, binary options, and cryptocurrencies for its growing user base.

This trading platform is considered prophylactic as it operates every bit a bank and it is regulated past the Swiss Financial Market place Supervisory Authority (FINMA), while it also holds licenses to operate equally a brokerage house in Japan and across Europe.

The following is a list of the company'due south through which Dukascopy provides its brokerage services to traders:

Switzerland: Dukascopy Bank SA
Japan: SIA Dukascopy Payments
Latvia: Dukascopy Europe IBS AS

Summary

Here are the meridian findings on Dukascopy:

Dukascopy is a Swiss banking company and trusted online broker regulated by 2 height-tier jurisdictions. This makes it a prophylactic broker for CFD and Forex trading.
Their portfolio of financial products is decent. Information technology should suffice nigh traders needs
One of Dukascopy's chief entreatment is their avant-garde trading platform. This includes the Universal JForex platform and the JForex iii platform. This platform was specifically designed for desktop and provides an enhanced trading experience.
This broker also supports Meta Trader four and their proprietary platforms also support automated trading strategies such equally algo trading

Why should y'all read this review?

Dukascopy is not the only online brokerage firm out there, as there is a large number of trading platforms bachelor. fIt can take you a while to scan through them all to identify the all-time online broker that suits your needs the most. This review should give you lot an good overview of Dukascopy, how it works and what they offer.

Through this review, nosotros will provide y'all with key insights on how Dukascopy trading platform works. Nosotros will cover their fees, minimum deposits, bachelor financial instruments, along with many other interesting and useful details. Y'all can and so make an informed conclusion on who you choose to merchandise with. Other dandy alternatives to Dukascopy are Plus500 and eToro. For low fee forex trading, Pepperstone and Avatrade are nifty.

Here is what we cover in our review:

Main advantages of trading with Dukascopy Bank
How safe it is to trade with Dukascopy
Opening an account with Dukascopy Depository financial institution
Depositing and withdrawing money with Dukascopy
Financial products offered past Dukascopy – CFDs, forex
User experience and features of Dukascopy's trading platform
Third-party platforms supported past Dukascopy (MetaTrader iv, etc)
Trading fees charged by Dukascopy Banking concern
Research tools available
Educational materials available (demo account, tutorials, eBooks, etc)
Dukascopy's customer service review

Trading Platform

Dukascopy'due south proprietary trading platform is chosen JForex and it is designed for both transmission and automatic trading -i.e. algo trading.

The platform features 250 technical indicators and studies. It includes an economic calendar, a news feed, an auto-trader characteristic, and a multi-language interface. The coding of the automated trading feature can exist done past using Java programming language, even though traders can also place their trades manually.

The JForex Web 3 platform is a web-based trading platform that works via cloud calculating and features 46 unlike indicators, an automobile-trading strategy characteristic, live market place news, calendars, and other cool add together-ons, while requiring low technical specifications.

Additionally, Dukascopy also designed a JForex platform for mobile trading and information technology is available for both Android and iOs smartphones.
Finally, this banker besides supports Meta Trader 4, which is a popular tertiary-party trading platform.

Web-Based Platform – JForex Spider web iii

The JForex Web 3 platform is the web-based version of Dukascopy's trading system. This cloud-based platform has a convenient interface and features 46 different technical indicators, a news feed, an economic calendar, and manual and nautical chart trading capabilities.

Multiple languages are bachelor for users and the platform's low technical requirements makes it a good alternative that should work fine if you have a decent cyberspace connectedness.

Even though the design is not very modern, the search capabilities and other features are intuitive enough to provide the user with a comfortable trading experience.

Desktop platform – JForex 3

The JForex 3 desktop platform is a feature-rich version of the web version. Information technology adds 200 additional technical indicators to the toolbox, along with the auto-trading feature provided by Dukascopy's forex trading interface.

Additionally, this platform supports external plugins and it is available for Windows, Mac, and Linux operating systems. For most purposes, the trading experience is far meliorate with the desktop version than with the web-based platform.

Mobile trading app

JForex's mobile trading app is available for both Android and iOs and it provides a decent trading experience for users. Non all features are bachelor due to the natural limitations of phone screens. Trading reports and trades tin exist placed by using the app, and the same orders available for other versions are available for the mobile version as well.

Additionally, charts, news, Dukascopy sentiment indicators, and many other research tools tin can besides be accessed via the app. The auto-trader feature is bachelor for the desktop version only.

Markets & Products Offered

Dukascopy offers a selection of 653 unlike financial products. These include: spot forex pairs, cryptocurrencies traded via CFD, and other CFD products roofing a wide range of financial instruments.

This is a summary of the portfolio of financial instruments available with Dukascopy:

60 currency pairs (spot)
three cryptocurrencies (BTC, ETH, LTC)
xi commodities (including energy and soft commodities)
19 stock indexes
three bonds
Many Private Stocks from many countries

Additionally, Dukascopy offers the possibility of trading binary options. This allows the trader to profit from very short-term cost fluctuations, like to the way CFD works only with higher payout ratios and shorter property periods.

Binary options are only available for 18 forex pairs including AUD/JPY, EUR/USD, GBP/USD, and USD/JPY, amongst others.

Trading Fees

Trading fees and commissions charged by this broker are very competitive. Fees vary, depending on the volume of the merchandise and the fiscal instrument being traded.

For forex trading, fees start at one pip for the EUR/USD pair including the default commission rate and the average spread.

For individual stock, indexes, and ETF CFDs trading commissions are normally 0.10% of the value of the trade, with certain minimums applicable based on the geographical location of the exchange.

Additionally, in that location'southward a $1 standard fee per one MT4 lot ($10 for every $1 1000000 traded).

Additionally, accounts property physical gilded pay a one% flat fee per year on the average remainder of their gold holdings.

For dormant accounts (inactive), whatsoever costs incurred in reaching out to the holder of the account volition be charged with a minimum accuse of CHF 500.

Order Types

Dukascopy platforms offer a wide range of trade orders:

Marketplace Order
Limit Order
Stop Guild
Stop-loos
Stop-limit
Abaft Stop

Dukascopy also has some unique gild types like:

OCO
IFD
Place Bid/Offer

These are specifically suited for sure trades.

It is important to annotation that all trades made with Dukascopy are made via the Dukascopy SWFX – Swiss FX Market. This is a market place introduced past the bank to provide potent liquidity and instant execution for trades fabricated with Dukascopy.

How to Open An Account?

Here are the steps to open up an account with Dukascopy:

Visit their official website
Start the registration procedure
Fill out he needed information
Upload the verification documents
Wait for the verification process to be completed
Start trading

The registration tin can exist done online. The identity verification process can usually be completed inside 24 hours or less, especially if the user'south identity can be verified via video. Dukascopy offers the same account for both individuals and companies. The business relationship allows them to trade with CFDs, forex, cryptocurrencies, and precious metals directly.

All methods and strategies of trading are available for all of the accounts and there are 24 different base currencies that users can pick for their accounts to avoid conversion fees including USD, JPY, EUR, AUD, CAD, CHF, and even sure exotic ones like PLN and RON.

Information technology is important to annotation that the corporeality deposited in the account volition limit or enable the trader to access sure features of Dukascopy'due south platform.

For example, accounts with a balance lower than $100,000 will not be able to access the bank'southward Ready API or the depository financial institution's guarantees co-ordinate to the information provided by Dukascopy'due south website.

Deposits

Dukascopy accepts various funding methods for both the initial deposit and subsequent capital inflows.

A minimum eolith of $one,000 is required to open up a trading account with Dukascopy Depository financial institution SA, while the minimum deposit for European clients is $100.

Deposits made via bank transfer, Bitcoin or Ethereum do not generate a deposit fee while payment card such as credit cards and debit cards generate a 1.ii% fee for EUR, GBP, and CHF, 1.5% for transactions in NOK, CZK, PLN, or SEK, ii% for USD transactions, and ii.iii% for transactions in RUB, JPY, and CAD.

Meanwhile, deposits made via Neteller cost 1 EUR or 2.5% – whichever higher – and deposits fabricated via Skrill generate a ii.5% flat committee on the amount deposited.

Deposits fabricated via payment card are generally credited within one business organisation solar day while depository financial institution transfers may take a bit longer.
Crypto and e-wallet deposits are ofttimes credited instantly but may take up to 24 hours to be credited in some cases.

Withdrawals

The same funding methods available for deposits tin can be used to withdraw money from your Dukascopy business relationship. Withdrawal fees vary depending on the method you select.

For bank transfers, the price of withdrawing is calculated in pips and starts at 2.3 pips for CHF bank transfers.

Meanwhile, the cost of withdrawing money to a payment menu is 1.5 EUR plus a 2.5% flat committee, while the toll of withdrawing money to Skrill or Neteller is ii.5%.

Finally, the toll of withdrawing coin in Bitcoin is USD $10.

Both deposits and withdrawal fees charged by this broker seem to be high compared to other brokers, which is a downside of trading with Dukascopy.

However, transfers within accounts in Dukascopy Bank or entities within the Dukascopy Grouping are free of charge while different fees utilize for the banking company'south Multi-Currency Accounts.

Dukascopy research tools can be qualified as loftier-quality and are very diverse, equally the platform provides both fundamental analysis and technical assay reports that help traders in coming up with trading ideas.

Additionally, the JForex platform features a news feed, an economic calendar, and their proprietary Tv aqueduct Dukascopy Tv set, which is a high-quality media outlet that constantly pushes high-quality video content featuring interviews, market commentaries, and other interesting appearances and up to date financial information.

Other tools include the Dukascopy SWFX Sentiment Index, a tracker of average spreads, forex calculators, position size calculators, trading breaks calendar, movers & shakers forex, and a pivot betoken level written report, among many other nice tools that should help you to constantly come with new trading ideas.

Dukascopy education is good. In that location are many tutorial videos and webinars available on their website and YouTube Aqueduct.

Additionally, traders can open a demo account before committing their coin with Dukascopy. This is a 14-day demo business relationship with a limited trading balance, a transparent pricing environs, bonny spreads, and a leverage ratio of 200:1.

Customer Service

Dukascopy offers a 24/6 customer service via phone, email, and live chat and traders have reported a positive experience in reaching out to this banker past using all of the three channels.

For telephone calls, the average waiting fourth dimension is 2 minutes, while alive chats responses in most cases were instant.

Dukascopy reviews for customer service ranked the business firm at the 18th identify among a list of 23 brokers.

Summary

Our Score: 4.7/5

Dukascopy Banking concern is a Swiss banking concern with more than 16 years in business. This banker is regulated by two superlative-tier agencies in Switzerland and Japan. Dukascopy offers a wide range of spot forex pairs, CFDs, and precious metals for traders. This broker has a four-star rating on Trustpilot besides.
Payment protection is provided for Swiss accounts for up to CHF 100,000 in deposits and for European clients for up to EUR 20,000. A minimum deposit of $1,000 is required to open an account with Dukascopy except for European clients, who are immune to open an account with merely $100. The online registration process is quick and the identity verification procedure can be completed in less than 24 hours.