Originally founded in 1998 by Dr. Andre Duka, Dukascopy originally focused on the research and development of complex financial systems before evolving into a trading platform a year later. From there a continued focus on research and implementation in the world of finance led to the company launching SWFX Marketplace in 2006 alongside a host of other investment opportunities.
Today Dukascopy offers direct access to the Swiss Foreign Exchange Market through which traders can take advantage of links with a number of the powerful banking partners.
Dukascopy.com’s Special FX:
Unlike other FX brokers that tailor their packages in favour of top traders, Dukascopy provides the same feeds and liquidity for all its customers. By providing a transparent pricing environment Dukascopy is able to offer equal trading rights through their ECN-marketplace. This means that every trader can take advantage of low spreads and an impressive network of banking partners.
Additionally, to improve its trader’s bankrolls and sense of community, Dukascopy regularly runs a series of trading and strategy-based contests. With overall prizepools topping $1 million, users can improve their ROI with various contests offering $15,000 rewards each month.
Amongst the wealth of serious FX material scattered across Dukascopy.com there’s an oasis of serenity. Filled with trader horoscopes, daily videos and various quirky activities, the entertainment section provides a few moments of light relief in the otherwise stressful world of FX trade.
All traders are able to test Dukascopy.com’s software with a demo account before risking their own money. With direct access to all the features you can expect from a standard account, this option is a great way for novice traders to get the grips with the FX market before depositing some cash.
Beyond the demo account, traders can use Dukascopy.com’s Forex ECN account which offers the following conditions:
Minimum account size: $500
Minimum position size: 0.01 lots
Spread type: Fixed
Spread on EUR/USD, pips: 1.3
Trading platforms: MetaTrader 4, JForex, Dukascopy Java Platform
Digits after the comma: 5
Currency pairs offered: 22
When you open a real money account at Dukascopy you’ll also receive the following benefits: Hedging, trailing stop, pending orders, one-click trading, mobile trading, a browser-based platform, trading via API and automated trading.