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Dukascopy Europe vs Dukascopy Bank SA 7 replies

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Dukascopy

I really don't understand why all seem to love Ducascopy so much? where did this love originally come from? maybe they are themself posting stuff in the forums creating all these hype? (not saying this is) because I can't understand why any sane trader would like their HUGE! spreads, I recently tried their demo and the spreads where a killer! really huge, I wouldn't put a dollar in there, totally overvalued if you ask me! they are a ECN, and thats good, but so are a few others and they have a lot! better spreads, I mean, why bother with them at all??
Bulls are stupid Animals!especially when Im short!
Quoting roughtrader
...but so are a few others and they have a lot! better spreads...
Which?
You learn something new every day
Quoting Dukascopy
Hi

Sorry, Dukascopy Bank SA will not comment on this matter
OK. So with that answer I can pretty much say it’s not going to be good for your clients and Introducing Agents no matter what country they are a citizen of. And with that I can pretty much guarantee the Dukascopy Introducing Agents (IAs) world is going to be turned upside down and the client base is in for a rude awakening too.

Read between the lines folks. The writing is on the wall, July 2011.

Short and sweet. RUN!!!

JD
It's Easy To Get In;.. It's Hard To Get Out
Quoting oakmonster
Basically they failed to make a working MT4/ECN bridge. I guess they need to employ decent programmers in IT.
fxopen managed to do it with dukascopy's feed.
Quoting rashygomez
fxopen managed to do it with dukascopy's feed.
your 100% right but who wants to leave there money in fxopen hands, there not highly regulated
Quoting John D
and the client base is in for a rude awakening too.

Read between the lines folks. The writing is on the wall, July 2011.

Short and sweet. RUN!!!

JD
what are you talking about? whts going to happen?
Quoting Scotty2Cues
what are you talking about? whts going to happen?
you know the proof is in the pudding im just saying
Quoting Dukascopy
Hi

Our Custodian Banking services is available with the following Swiss Banks
Barclays Bank S.A.
Clariden Leu
Merrill Lynch Bank S.A.
EFG Bank
Banque de Commerce et de Placement (BCP)
Compagnie Bancaire Helvétique S.A. (CBH)


Under this banking service, you can trade directly with Dukascopy Bank SA while safely keeping your funds in the bank of your your choice.

Dukascopy Bank SA
Also, it doubles commission and bank charges additional fee for money deposited.
It is worth option nevertheless in terms to save deposit if Ducascopy went bust (what is always possible).
On the other hand for clients with bigger deposits (5M+) and trading volumes (1B+) there is no alternative than to find path toward direct FX markets (via Prime Banks/Prime Brokers), as exposure to retail broker's countertrades is too expensive at the end of day.
Quoting Scotty2Cues
what are you talking about? whts going to happen?
I think JD is referring to this:

Quoting John D
It goes something like this...

[color=navy]"Foreign banks, many of which offer forex platforms...
I don't think this should affect Europeans though, or should it?
It's not about how much you make, it's about how much you don't lose.
I found this article and from what I understand, If I am not from the US I shouldnt care, and since I am from Mexico it shouldnt affect me.
And lets say worst case scenario, something happens, it will happen in/after July 16th 2011, right?
So I still have some time (Around 4 months) to try using Dukascopy without worrying about everything discussed so far, right?
  • Post #911
  • Quote
  • Edited at 9:56pm Feb 21, 2011 9:01pm | Edited at 9:56pm
Instead of talking in riddles and shouting RUN, why don't you clearly explain what you want to say?

Why do we need to read between the lines?

What rude awakening is the client base in for?

Quoting John D
OK. So with that answer I can pretty much say it’s not going to be good for your clients and Introducing Agents no matter what country they are a citizen of.
Read between the lines folks. The writing is on the wall, July 2011.
Short and sweet. RUN!!!
Quoting Fudomyo
Instead of talking in riddles and shouting RUN, why don't you clearly explain what you want to say?

Why do we need to read between the lines?...
ask your broker?
Dodd-Frank gives the SEC and bank regulators, that regulate B-Ds and financial holding companies, respectively, until July 16, 2011 to adopt rules to regulate OTC retail forex futures and options (including options on futures). If these regulators do not adopt rules within this time frame then B-Ds and financial holding companies will be prohibited from acting as counterparty to U.S. retail investors with respect to the above-mentioned forex contracts unless such entities register as an FCM or RFED.


From how the language is structured in the Dodd bill, it states counterparty to US retail investors. If Dukascopy can explain how this will affect non US investors as JD is insinuating, I'd like to know.

Quoting PoundTrader
ask your broker?
Of course we can ask the broker. The point of having a discussion on a public thread is for the purposes of information sharing and transparency.
He's talking about Americans and the cftcs (democrats) stupid rules..... In other words, what we should all know by now. Not sure why he's making it seem like the banks fault


Quoting Fudomyo
Instead of talking in riddles and shouting RUN, why don't you clearly explain what you want to say?

Why do we need to read between the lines?

What rude awakening is the client base in for?
Quoting mofuniverse
He's talking about Americans and the cftcs (democrats) stupid rules..... In other words, what we should all know by now. Not sure why he's making it seem like the banks fault
Yes, the CFTC changes affecting US retail clients is old news.

He's implying International clients and IAs will be affected if Dukascopy isn't registered with the CFTC/NFA as a FCM or RFED. This is the point I'd like clarified.
Quoting Dhb
I think JD is referring to this:



I don't think this should affect Europeans though, or should it?
I hope not. There is a UK FX broker (retail part of Barclays stockbrokers) that doesnt take US clients, maybe its for similar reasons.
Quoting Fudomyo
Yes, the CFTC changes affecting US retail clients is old news.

He's implying International clients and IAs will be affected if Dukascopy isn't registered with the CFTC/NFA as a FCM or RFED. This is the point I'd like clarified.

Isnt Dukas regulated by Arif and that is self regulated? (which slightly concerns me)

Anyone know how to find their capital like all the US brokers. Dukas states market value at chf22million (does this relate to capital?) and that deposits up to chf100k are garaunteed, so hopefully nothing to worry about...
Quoting Scotty2Cues
Isnt Dukas regulated by Arif and that is self regulated? (which slightly concerns me)

Anyone know how to find their capital like all the US brokers. Dukas states market value at chf22million (does this relate to capital?) and that deposits up to chf100k are garaunteed, so hopefully nothing to worry about...
dukas is now regulated by the swiss bank regulators, all swiss forex brokers must now become banks
Quoting Dukascopy
Dear Traderlarry
The volume figures displayed next to the currency pairs is the amount in millions available to the trader to trade. In other words total liquidly.
On the website you will find the best Bid & Ask Price along with the total amount available in millions.
Thanks
Dukascopy Bank SA
Hi,

can I assume 10 million lots are always available to trade.
10 million yes, 10 lots yes, 10 million lots not quite...
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