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DukasCopy question

  • #21
  • Sep 19, 2007 2:28am Sep 19, 2007 2:28am
http://www.topforexreview.com/brokers.htm. Maybe you do not know, but a lot of marketmakers are taking from marketplaces, such as Dukascopy Swiss FX Marketplace, because of spread and fair pricing. And if you do not have 50 000 then you can not get their spreads and prices. If you can, I would recommend you to trade with a marketplace
  • #22
  • Sep 19, 2007 3:04am Sep 19, 2007 3:04am
Nice link, you placed it in the right thread. This will definitely affect our perception of Dukascopy - I like the way you ranked the different brokers by the way
  • #23
  • Sep 19, 2007 3:40am Sep 19, 2007 3:40am
Thanks , by the way I am coming from this link and actually that's my job -testing and checking different platforms and trading agreements.
  • #24
  • Sep 19, 2007 4:08am Sep 19, 2007 4:08am
I was being sarcastic, but if you're really trying to help that's good If that is your site you should add the link to your signature

The only brokers I feel that I could trust are the well-capitalized U.S. ones. DukasCopy is one I strongly wouldn't trust simply because of the people they've partnered with and advertise with.
  • #25
  • Sep 19, 2007 4:21am Sep 19, 2007 4:21am
Quoting Sandyfx
Thanks , by the way I am coming from this link and actually that's my job -testing and checking different platforms and trading agreements.
Your full time job and you actually missed one of the most important ones like OANDA?
Yes, and i am sure all the reviews are unbiased and honest, since everyone knows you, we take your word for granted...
  • #26
  • Sep 19, 2007 4:28am Sep 19, 2007 4:28am
Quoting j5000
I was being sarcastic, but if you're really trying to help that's good If that is your site you should add the link to your signature

The only brokers I feel that I could trust are the well-capitalized U.S. ones. DukasCopy is one I strongly wouldn't trust simply because of the people they've partnered with and advertise with.

In U.S are a lot companies, but not all are good . I can not say anything bad about them - company is big and strictly regulated.
  • #27
  • Sep 19, 2007 5:01am Sep 19, 2007 5:01am
Quoting Sandyfx
Thanks , by the way I am coming from this link and actually that's my job -testing and checking different platforms and trading agreements.
Hi Cindy,

Welcome to FF.

[email protected]
  • #28
  • Sep 19, 2007 5:04am Sep 19, 2007 5:04am
Quoting Miguel
Your full time job and you actually missed one of the most important ones like OANDA?
Yes, and i am sure all the reviews are unbiased and honest, since everyone knows you, we take your word for granted...
Yes - Ouanda is quite fair.
I would not hesitate to recomend someone.
  • #29
  • Sep 19, 2007 5:57am Sep 19, 2007 5:57am
And about Dukascopy also nothing bad - huge with good liquidity. Very strictly with documentation.
  • #30
  • Sep 19, 2007 10:50am Sep 19, 2007 10:50am
I have traded through Dukascopy, very professional and reliable. No problem with withdrawing money. They give you straight Skype contact with their support department to contact them at any time. Their spreads are not the best I have seen for an ECN, and they only offer 16 currency pairs. Minimum lotsize is 2.5 standard lots, US$50K minimum deposit.
  • #31
  • Sep 19, 2007 11:38am Sep 19, 2007 11:38am
Min account size 50k, min trade size 250k
The main setback is that they close and open your positions at the end of the day
Regards
  • #32
  • Sep 19, 2007 2:18pm Sep 19, 2007 2:18pm
Quoting howard
The main setback is that they close and open your positions at the end of the day
Where does it say that? Or are you referring to the rollover swap offset? If so, that's a standard practice by all banks & brokers (to apply the swap and extend the 2-day forward settlement).
  • #33
  • Sep 19, 2007 5:06pm Sep 19, 2007 5:06pm
Quoting Sandyfx
And about Dukascopy also nothing bad - huge with good liquidity. Very strictly with documentation.
Haven't we already talked about Swiss Brokers like DukasCopy? They don't have a forex license and are not regulated. Isn't anyone reading the Tradex Swiss AG thread? All those customers put their money on deposit with that Swiss Broker and lost everything! The same thing could happen to DukasCopy. I'd stay away from these guys, and just about every other Swiss broker too.
  • #34
  • Edited 7:11pm Sep 19, 2007 6:09pm | Edited 7:11pm
Quoting Mr chips
Haven't we already talked about Swiss Brokers like DukasCopy? They don't have a forex license and are not regulated. Isn't anyone reading the Tradex Swiss AG thread? All those customers put their money on deposit with that Swiss Broker and lost everything! The same thing could happen to DukasCopy. I'd stay away from these guys, and just about every other Swiss broker too.
Refco is from the US. Tradex is also based in Boston. Would you also stay away from US brokers? Tradex have an office in Switzerland but all the business transactions were done in Boston. The funds are with Bank of America. Am I right? Correct me, in case.
  • #35
  • Edited 7:15pm Sep 19, 2007 6:55pm | Edited 7:15pm
Quoting Mr chips
Haven't we already talked about Swiss Brokers like DukasCopy? They don't have a forex license and are not regulated. Isn't anyone reading the Tradex Swiss AG thread? All those customers put their money on deposit with that Swiss Broker and lost everything! The same thing could happen to DukasCopy. I'd stay away from these guys, and just about every other Swiss broker too.
Mr Chip,
Dukascopy is an ECN. I hope you know what that mean. So they are not using your money to speculate against you nor use your money to speculate for their firm. There are hedge funds dealing through Dukascopy too. If you have a reputable bank to stand up for you, say UBS, you don't have to send your funds to them. Your funds can stay in your account in your bank. So you don't have to fear that they will run away with your millions. And thus you don't have any risk with them; provided you play big enough.
One standard lot at Dukascopy is 1 million. Your minimum entry is 1/4 of a million.
http://www.dukascopy.com/swiss/docs/...y_overview.pdf

There is no 100% thing. Your main preoccupation or fear is leaving your funds with any broker. Well, play big enough and have the possibility of leaving your funds with your own bank.
Mr Chip! Name me 5 brokers that offer you this security. What is the probability of you losing your funds with your present broker compared to Dukascopy?
Regards Mr Chip. Happy trading
  • #36
  • Sep 19, 2007 7:32pm Sep 19, 2007 7:32pm
thanx everyone for posting
when i heard bad comments about this broker or that
i smell fear in the air! ( remember the REFCO thing?)
i think i'll stay away from any new broker right now
i feel comfortable with my broker(from jordan) so far
arabs said : the thing u know is better than the thing u don't know
i hope this make sense :-)
peace
PiPBoY Approved!
  • #37
  • Sep 19, 2007 8:23pm Sep 19, 2007 8:23pm
Once I wanted to open an account with DukaCopy months ago. I asked a couple of simple questions via email and I assume the answers could be quite straightforward.

There was a reply after a few days (to my surprise after so long), just asking me to leave my contact no. in quite a rude manner. Then I replied at once and said that I don't speak English very well and would be happy to raise some questions via emails before opening an account. After that, there is no more reply from DukaCopy at all!

Then I decided not to consider this broker afterward.

This is just my experience to share with you guys. I really don't know if they are good or not.
  • #38
  • Sep 20, 2007 4:16am Sep 20, 2007 4:16am
Quoting Trader KGB
Where does it say that? Or are you referring to the rollover swap offset? If so, that's a standard practice by all banks & brokers (to apply the swap and extend the 2-day forward settlement).

They will say it if you ask them on the phone and I am not talking about swap.
Regards
  • #39
  • Edited Mar 4, 2008 12:01am Sep 20, 2007 4:49am | Edited Mar 4, 2008 12:01am
Quoting Trader KGB
{Quote Removed}
This is a rip off...

How can they actually charge customer when the rate difference is 6.5% ???

The concession to the bank excuse is very lame as why would it applies to all customer even customer trading full lot only ?
  • #40
  • Sep 20, 2007 5:25am Sep 20, 2007 5:25am
Quoting shrike
Dear Roland15,

when you say you "are long time with them", do you mean you are a long time Dukascopy employee? Because, quite frankly, it is blatantly obvious that you are. I mean, even your screenshots you post so frequently are hosted on Dukascopy's own webserver. In each and every of your 39 posts to date you provide a link to Dukascopy, or provide a screenshot mentioning Dukascopy or refer to Dukascopy in another way (that is, when you are not busy bashing EFX).

In my opinion your marketing efforts would be much more fruitful, if you would identify yourself as Dukascopy representative and answer questions in a transparent way, instead of working various internet boards with fake-identities (i.e. not answering Dukascopy-question-threads you most likley created yourself). Fluent english might also be helpful in an international sales operation the sort of you conduct (your russian somewhat shines through. Is that you, Dimitri?).

Kind regards,
Shrike
...if there wouldnt be a link which leads to ducascopy, i would believe him 100%,...
its just money
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