Hi All
Looking for some opinions after reading some of the finer points of Dukascopy web site. Have been thinking about opening live account with them but my understanding of the statement below would suggest that they are not in fact what they claim to be in their marketing blurb ie: True ECN & No Deal Desk. Does anyone else agree or have I misunderstood ?QUOTE:-
15. Conflicts of Interests
The Client understands that the business model of the SWFX Swiss Forex Marketplace consists in ensuring best execution for the transactions of the Clients and matching the transactions between any of its Clients or Counterparties, each trade being instantly hedged with a countertrade. In that respect, on the SWFX Swiss Forex Marketplace, Dukascopy is counterparty of each trade and counter trade. In some circumstances, Dukascopy may not hedge entirely or may not hedge at all certain trades. In such cases, Dukascopy may have opposite positions towards Clients.
Dukascopy limits to possible minimum the potential conflict of interests and acts in the best interests of the Clients.
The remuneration of Dukascopy includes commissions based on volume traded on the SWFX Swiss Forex Marketplace. The information about the amounts of commissions and fee policy is presented on the website of Dukascopy and constantly updated.
Looking for some opinions after reading some of the finer points of Dukascopy web site. Have been thinking about opening live account with them but my understanding of the statement below would suggest that they are not in fact what they claim to be in their marketing blurb ie: True ECN & No Deal Desk. Does anyone else agree or have I misunderstood ?QUOTE:-
15. Conflicts of Interests
The Client understands that the business model of the SWFX Swiss Forex Marketplace consists in ensuring best execution for the transactions of the Clients and matching the transactions between any of its Clients or Counterparties, each trade being instantly hedged with a countertrade. In that respect, on the SWFX Swiss Forex Marketplace, Dukascopy is counterparty of each trade and counter trade. In some circumstances, Dukascopy may not hedge entirely or may not hedge at all certain trades. In such cases, Dukascopy may have opposite positions towards Clients.
Dukascopy limits to possible minimum the potential conflict of interests and acts in the best interests of the Clients.
The remuneration of Dukascopy includes commissions based on volume traded on the SWFX Swiss Forex Marketplace. The information about the amounts of commissions and fee policy is presented on the website of Dukascopy and constantly updated.
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