Dukascopy Bank SA Journal

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Dukascopy Bank SA Profile
Year
2004
Country
Switzerland
Branches
7
Regulation
FINMA Switzerland, FCMC Latvia, JFSA Japan
Investor protection
Fund protection
...
Publicly traded
no
Restricted countries
Not serving
х Belgium, Canada, Israel, US
Broker type
MM, ECN pricing
Dealing book
A+B hybrid book
Tier
Bank
Execution speed
...
LPs total
17
LPs quality
Tier-1 Banks, ECNs, other
LPs names
BNP Paribas, Bank of America, Barclays, Citibank, Commerzbank, Currenex, Deutsche Bank, Dukascopy Bank SA, FXall, Goldman Sachs, HSBC, Hotspot, JPMorgan, Morgan Stanley, Nomura, SEB, Societe Generale, UBS

Dukascopy Bank SA Accounts
ECN
Minimum Deposit
100 $
Leverage
100 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.1 pips
Commission
9 $/lotRT
Volume
150 lots
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
Unlimited
Update broker

Is Dukascopy Bank SA safe?

  • Investor protection: ...
  • Regulation: FINMA Switzerland, FCMC Latvia, JFSA Japan
  • Publicly traded: no
  • Segregated account: no
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Dukascopy Bank SA trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • Dukascopy Bank SA website: highly detailed, updated ★★★★★
  • Dukascopy Bank SA popularity (by visitor count): top visited ★★★★★

How Dukascopy works

ECN TECHNOLOGY AND RISK MITIGATION

What is the source of Bid and Ask prices offered on the SWFX? Are there any market making activities on the SWFX? Prices offered on the SWFX are a combination of liquidity provided by the traders placing BID and OFFER orders on the SWFX marketplace (internal liquidity providers) and major banks, brokers and other marketplaces (external liquidity providers)... Dukascopy Bank may add its own liquidity at SWFX' prices.

Are my trading orders going to the interbank market? Can Dukascopy Bank be the counterparty of my trades?

Notwithstanding the fact that the SWFX - Swiss FX Marketplace is an ECN, Dukascopy Bank is the counterparty of all its clients' trades executed on the SWFX. Dukascopy Bank sends orders to the interbank market in its own name for its own needs such as hedging exposures and/or testing validity of prices received from liquidity providers. Not all clients' trades necessarily result in hedging orders sent to the interbank market by Dukascopy Bank. In particular small trades cannot be hedged with external counterparties and therefore could hardly be executed without Dukascopy Bank's liquidity, since external counterparties may not accept trades under a certain minimum size. Also, to date, trades on binary options cannot be hedged. Dukascopy Bank hedges clients trades fully, partially or not in accordance with its hedging technology, needs and banking regulation.

If Dukascopy Bank is the counterparty of my trades does it mean that there is a conflict of interest and/or a risk of price manipulation to my detriment?

Dukascopy Bank cannot guarantee that no conflict of interest may exist.

Comments

Brokersome

Dukascopy is a market maker. But because they're one of the largest market makers, they have a unique ability to create their own ECN-like trading environment in-house. This means they have enough liquidity (enough trading participants) to facilitate any amount of trading and any style without the need of external liquidity (most of the time).
Dukascopy is one of the very few Forex brokers who is large enough to afford such ECN-like trading environment. 99% of other brokers can't. That's why they might answer this way in order to differentiate themselves from other brokers, and without going into much details about ECN-specific rules.

Trader

I want to open an account with Dukascopy Bank held in Switzerland. I
contacted their support and he told me that they are a true ecn fx broker. Is
it true or not?
Thanks in advance for your help

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