Dukascopy
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Thread: Dukascopy

  1. #1
    Hi everyone. It had been long time since I have visited this forum. Feels nice to be back.

    Alright. Back to the subject. I stumbled upon the Broker called . What I enjoyed about it is that this particular broker is not that far from me, I suggest their servers. Which is crucial to me because I am planning trading the news. So something like execution time is vital for effective trading.

    Anyway, there seems to be 2 brokers. First being not technically a broker but a bank. I believe that it's called Bank SA. And another is real broker called Europe. Now I contacted the supprot and asked what is the difference between these 2. The only real difference I know is that Bank SA requires minimal $5000 beginning deposit and maximum leverage is 200:1 where Europe offers considerably smaller beginning deposit at $100 and maximum leverage is 300:1.

    Today, the customer support lady said this is the only difference between these. I then asked why would anyone pick DUkascopy Bank SA with $5000 staring deposit and 200:1 maximum leverage when it does not offer anything else compared to Europe with considerably smaller beginning deposit and even bigger leverage. She said it's up to the client. WHich does not make any sense.

    So, I am calling people that are knowledgeable about . Is there actually no difference between these? I had been told that Europe is subsidiary company of Bank SA. Basically daughter business. But since I contacted EU, possibly they did not want to tell me the entire story and potential added features of Bank SA because they'd lose more customers?

    Thanks for any input.

  2. #2
    Quote Originally Posted by ;
    Hello everybody. It had been long time since I have visited this forum. Feels nice to return. Okay. Back to the topic. Some time ago, I stumbled upon the Broker called Dukascopy. What I liked about it's that this specific broker isn't that far from me, I mean their servers. Which is crucial to me because I am intending trading the news. So something such as execution time is vital for successful trading. There seems to be 2 Dukascopy brokers. First being not technically a broker but a bank. I think it's called Dukascopy Bank SA. And another is actual...
    Unprofessional support. Spreads are the same, because they use same liquidity suppliers, but there is significant difference between Dukascopy Bank and Dukascopy Europe. Bank is regulated by Swiss FINMA and there is client's fund protection around 100.000 CHF. Dukascopy Europe is regulated by Latvia regulator and there is fund protection up to 20.000 euro, moreover they have recently added negative balance protection.

  3. #3
    Quote Originally Posted by ;
    quote Unprofessional support. Spreads are the same, because they utilize same liquidity suppliers, but there's significant difference between Dukascopy Bank and Dukascopy Europe. Bank is regulated by Swiss FINMA and there's client's fund coverage up to 100.000 CHF. Dukascopy Europe is regulated by Latvia regulator also there's finance protection up to 20.000 euro, moreover they have lately added negative equilibrium protection.
    Hey, thanks for valuable information. Just 1 question. If they use the same liquidity providers, does it imply that trading itself out of technical standpoint such as, execution time, slippages, spreads such as you mentioned will probably be the specific same? Cause of now, that. If I'm successful with my trading system, I can always move myself into Dukascopy Bank SA if I wanted.

  4. #4
    Quote Originally Posted by ;
    quote Hey, thanks to valuable info. Just 1 question. If they use the identical liquidity providers, does it mean that trading itself from technical perspective such as, implementation time, slippages, spreads such as you mentioned will be the exact same? Cause of now, that's the one thing which matters. If I'm successful with my trading system, I can always move myself into Dukascopy Bank SA when I desired.
    Yes, everything should be the same, however it's far better to get this advice from service of both companies. I believe that in the event of financial difficulty of Dukascopy Europy, it'll be encouraged by it's parent company, so it's rather superior to select Dukascopy Europe because it has higher leverage and negative balance protection.

  5. #5
    Quote Originally Posted by ;
    quote Yes, everything should be exactly the same, however it's better to find that information from service of both companies. I think that in case of fiscal problem of Dukascopy Europy, it will be supported by it's parent company, so it's rather better to select Dukascopy Europe because it's higher leverage and negative balance protection.
    Well I contacted them and they said everything is exactly the same. But here is the interesting part: '' I asked them about negative balance protection and they said they have no idea where did this info came from since they do not provide this feature anywhere. I sense that Dukascopy service are absolute idiots. They did not even know about the 20k and 100k fund protection gap before I said it. Anyway, thanks for the info. I will settle with Dukascopy Europe.

  6. #6
    Quote Originally Posted by ;
    quote Well, I contacted them and they said everything is exactly the same. But here is the interesting part: I asked them regarding negative balance protection and they stated they have no idea where did this information came from because they do not provide this feature anywhere. I sense that Dukascopy service are complete idiots. They did not even know about the 20k and 100k fund protection gap before I said it. Anyhow, thanks for the information. I will settle with Dukascopy Europe.
    Great service But about negative balance protection I had been advised by my account manager from Poland (man assigned to set of accounts to help clients). I have checked their website and I haven't found that advice, then I confirmed it on polish sites.

    Https://forexrev.pl/dukascopy-europe...jemnym-saldem/

    https://forexclub.pl/dukascopy-europe-ochrona-debet/

    Only use translator, negative balance protection has been added because of changes in German law, but it is for all clients.

  7. #7
    Hello Dual,
    I have been trading with dukascopy for 3 months now. I dont recomment it to you if you do short term transactions. During important events I confronted with system freeze a couple of times. Plus they use mt4 as an outside system. Their main method is on Jforex and they've sync issue between mt4 and jforex. The only real reason I use them is I believe they are reputable. I didnt witdraw any cash yet tho. .

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