Dukascopy Review
Dukascopy is one of the most successful Forex brokers in the world, offering direct access to the Forex market in Switzerland. Dukascopy’s advanced trading platform gives traders the opportunity to trade as many accounts as they’d like, 24 hours a day from their online platform or by telephone.
Because Dukascopy has a direct tie to the Swiss market, it is heavily regulated by the FFA and ARIF. As a result, traders must fill out documentation to prove their identity and legitimize their funds before they can start trading. Dukascopy also works hard to prevent the laundering of money. However, these regulations only strengthen Dukascopy’s reliability and influence in the Forex market.
Unfortunately for new players on the Forex market and traders looking to make a small investment, Dukascopy requires a minimum investment of $50,000. However, if you are experienced in Forex and have the money to invest then Dukascopy offers a lot of great incentives. Dukascopy boasts some of the best spreads in the industry, better than average rates and a 24/7 help desk so ensure that everything goes smoothly. Additionally Dukascopy does not provide service to retail customers, as they prefer to work with institutional clients.
Dukascopy isn’t the best broker for new traders with smaller budgets. If you are new to the Forex market it is a good idea to choose a different broker that caters to new Forex traders and provides educational materials. However, for institutional clients and experienced clients, Dukascopy is one of the best brokers in the industry.
