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Dukascopy - Good or Bad

  • #21
  • Jun 4, 2009 1:55pm Jun 4, 2009 1:55pm
Quoting PIPology
I used Dukascopy and I can tell you there's no platform like theirs'.
...

Good quality research, excellent indicators that you won't find anywhere.

Maybe they are not approved by Swiss bla bla, but they work like devils and the spread is one of the tightest.

That's my opinion regarding Dukascopy. And if I'll get back to trading I will sure reactivate my account with them.
The spreads are tight indeed. But they also charge a fee which is almost equivalent to 1 pip.
Their calendar is syndicated from FF. Their news primarily DJNW.
The app is beginning to feel a bit old-school. No mobile trading, OCO trades hard to enter. But the web platform is fast though and one of the cleanest I've seen.
Trades usually execute through currenex or lava, unless you're scalping and they maange to settle you in-house.
They do have a dealing desk, so be cautious about SL's.
Even though they're based in CH, most names I dealt with were Russian...
  • #22
  • Jun 4, 2009 2:11pm Jun 4, 2009 2:11pm
Quoting digitil
But they also charge a fee which is almost equivalent to 1 pip.
??
  • #23
  • Jun 4, 2009 2:42pm Jun 4, 2009 2:42pm
If you are talking about their commission it starts at $18 per million and goes down from there. This equates to ROUGHLY a half a pip depending on the pair.
  • #24
  • Jun 12, 2009 6:37am Jun 12, 2009 6:37am
yeah i have heard its good
  • #25
  • Jun 22, 2009 8:35am Jun 22, 2009 8:35am
They already allow retail traders to trade with them with minimum 10K deposit, and in their site they're talking about setting up a sister broker specifically for retail trading (they used to only entertain institutional broking)
  • #26
  • Jun 23, 2009 2:44pm Jun 23, 2009 2:44pm
Quoting MyaNyx
They already allow retail traders to trade with them with minimum 10K deposit, and in their site they're talking about setting up a sister broker specifically for retail trading (they used to only entertain institutional broking)
A lowering of their minimum funding capital requirements I would deem as a particularly bad sign. They've always seemed like a retail shop in an institutional shop's clothing and this is yet further proof of that.
  • #27
  • Jun 23, 2009 4:02pm Jun 23, 2009 4:02pm
What i am still wondering, most providers quote with 0.1 pip precision nowadays and Duka is still 0.5 pips. I.e. they say they do publish hotspot prices, but if they really do, they alter them. That's not what i call STP anyways.

Also, in most other threads about duka, sooner or later some 1-post-wonder signs up and starts to praise the company. Still thinking this firm smells a bit fishy.

And they boast 100+ mil liquidity on their website applet, but don't say at what spread. Last time i checked (1+ year ago, so might be better now) the inside markets nearly always were really thin, often even under 1m.
  • #28
  • Jun 23, 2009 4:14pm Jun 23, 2009 4:14pm
Quoting shrike
What i am still wondering, most providers quote with 0.1 pip precision nowadays and Duka is still 0.5 pips. I.e. they say they do publish hotspot prices, but if they really do, they alter them. That's not what i call STP anyways.
I just figured they round up/down to their advantage and shave off the fractions for themselves (a la Superman 3, Office Space, etc). This is in addition to the book they're running.

How else would they be offering $18/M?
  • #29
  • Jun 24, 2009 3:07pm Jun 24, 2009 3:07pm
i have heard a lot of good things about this but haven't tried it yet
  • #30
  • Feb 21, 2010 1:48am Feb 21, 2010 1:48am
Quoting doglomsbcm
i have heard a lot of good things about this but haven't tried it yet

Just try their ECN demo. Select the JForex platform. Simple
It's Easy To Get In;.. It's Hard To Get Out
  • #31
  • Sep 21, 2011 3:01am Sep 21, 2011 3:01am
I tried it on demo contest account for a few days, It's been very hard to login to their platform and very long to load the charts. I have to keep trying to logging in several times and after it logged in it may disconnect several times. Sometimes it skipped/missed the TP target and history reports are very hard to load. It's been very frustrating using their platform, despite of their good spread and low commission with certain trade balance. That's been my experience using the demo contest and I've been doubtful about opening real account with them. I don't know if others have different experience??I thought dukascopy is supposed to be a good broker??
  • #32
  • Last Post: Sep 26, 2011 5:41am Sep 26, 2011 5:41am
Nice Information shared.
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