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Dukascopy

  • #1,221
  • Jun 9, 2011 6:14am Jun 9, 2011 6:14am
I trade with Dukascopy for a few weeks now, all I can say :


pros:

- Low spread
- Excellent execution
- Serious support and very kind (this is for the french support, I don't know about english one )
- Geneva forex event
- I noticed that on dukascopy platform, during low liquitidy hours, there is WAY less spikes-movement that could take you out, than on others brokers. i.e: On FXCM I would have lost because of a huge spike coming from nowhere, and on Dukascopy it ended up hitting TP.

cons:

- erm... hardly nothing


Sorry for my poor english !

Fyrana from Switzerland !
  • #1,222
  • Edited 7:09pm Jun 10, 2011 6:12pm | Edited 7:09pm
For all of those who were drafted to enter into the trader's competition, please list your screen names here if you don't mind.

I am:

HippiednBummed. Join Date: June 1, 2010. Currently ranked in 102.
  • #1,223
  • Jun 15, 2011 4:33pm Jun 15, 2011 4:33pm
Anyone else get this or understand what will make you an "eligible contract participant"? Thanks

Dear Client,
As you may know, the regulatory environment of Forex trading has recently been subject to important changes in the United States. Dukascopy Bank SA will adapt itself to this new regulatory environment effective July 16, 2011.
"Eligible contract participants" as defined in the relevant US regulation (http://www.law.cornell.edu/uscode/7/...1---a000-.html) will remain our clients and continue to trade with us on the Swiss Forex Marketplace. If you are an eligible contract participant, please inform us.
Clients who are not eligible contract participants are welcome to continue trading on Dukascopy Bank SA's trading system through one of our US partners. Our US partners will provide our trading technology and data feed to US clients.
A simple procedure will ensure a fast and easy transfer of your account to a US partner. Please note: All positions opened with Dukascopy Bank SA by non-eligible contract participants must be closed by July 15, 2011 at 18:00 GMT (July 14 at 18:00 GMT for non-USD accounts).
You will receive further information and guidance on July 1, 2011.
Please do not hesitate to contact your Relationship Manager at Dukascopy Bank SA should you have any questions.
All the best
Dukascopy Bank SA
Former Trader Of the Year of the 95% losing club! Retired
  • #1,224
  • Jun 15, 2011 4:42pm Jun 15, 2011 4:42pm
From Forex Magnates:

Quote
US residents who are eligible contract participants (including in particular clients with more than USD 10 million financial assets) may still trade with us after mid-July.
Read Here:

Forex Magnates
  • #1,225
  • Jun 16, 2011 4:53am Jun 16, 2011 4:53am
Hi!

Does anyone know if Dukas pay interest on unused margin like oanda does? I read somewhere on 100brokers or something that they do , So I'm just making sure

Thanks!
  • #1,226
  • Jun 17, 2011 12:04am Jun 17, 2011 12:04am
Quoting eraptheman
Hi!

Does anyone know if Dukas pay interest on unused margin like oanda does? I read somewhere on 100brokers or something that they do , So I'm just making sure

Thanks!

Hi ,
and hello to all members btw, I'm new here.

eraptheman, I have real account at dukas and there is no interest payment same at oanda or other Brokers.

and your balance will be change the whole day to the midnight , then they calculate your account at the Rate at this time, so if you have profit from a euro Trade in the morning and after the whole Day the euro will fall, at this balance Sheet at closing the Day your Profit will be smaller.

but that will be the better way as other ECN same InteractiveBrokers, there you have your Profits at all different currency pair you Trade on the Day and must convert self to your Account currency.

good day
  • #1,227
  • Jun 17, 2011 4:43am Jun 17, 2011 4:43am
Why ECN offers such big spreads? Isn't it 0.1 on e/u on interbank???
  • #1,228
  • Jun 17, 2011 11:00am Jun 17, 2011 11:00am
Quoting takethat
Hi ,
and hello to all members btw, I'm new here.

eraptheman, I have real account at dukas and there is no interest payment same at oanda or other Brokers.

and your balance will be change the whole day to the midnight , then they calculate your account at the Rate at this time, so if you have profit from a euro Trade in the morning and after the whole Day the euro will fall, at this balance Sheet at closing the Day your Profit will be smaller.

but that will be the better way as other ECN same InteractiveBrokers, there you have your Profits at...
Thanks for the info about dukas TT But Oanda does pay interest on your balance depending how much the rates is for your chosen currency deposit. I guess Oanda has to bear with me for a lonnnnnnnnnnggggggg time
  • #1,229
  • Jun 18, 2011 6:39am Jun 18, 2011 6:39am
Quoting eraptheman
But Oanda does pay interest on your balance depending how much the rates is for your chosen currency deposit. I guess Oanda has to bear with me for a lonnnnnnnnnnggggggg time
I think Dukascopy could do this as well. Now that they have a banking status they can easily lend the money to banks within the Swiss financial system on constant basis and thus bring more profits to their clients.

Duka lowers leverage in weekends substantially. I would be surprised if they didn't make weekend loans to the Swiss Central Bank already.
  • #1,230
  • Jun 18, 2011 11:43am Jun 18, 2011 11:43am
Quoting slovforex
Why ECN offers such big spreads? Isn't it 0.1 on e/u on interbank???
SWFX is NOT the Interbank it's Dukascopys own retail trading enviroment.

Additionally, just because you say you are an ECN (Electronic Communications Network) doesn't quantify anything other than you do not have an "on site" dealing deak but that does not mean they do not create their own market place AKA market maker.

Sum it up... Unless you're a bank or have access to trade through a bank you will never see or trade true Interbank prices. Sad but true.

JD

btw: US Dukas clients... You just got the rug pulled out from under you. Sucks, I know but you should have been long gone by now.
It's Easy To Get In;.. It's Hard To Get Out
  • #1,231
  • Jun 18, 2011 12:58pm Jun 18, 2011 12:58pm
Quoting slovforex
Why ECN offers such big spreads? Isn't it 0.1 on e/u on interbank???
There is no "fixed" spread in the interbank. However, tier 1 and tier 2 brökers typically do have lower spreads than tier 3 brökers due to their bigger liquidity providers. When trading with a tier 2 or tier 1 prime brökerage, you may see 0.1 spreads at times of high liquidity, but there is nothing fixed. It all depends on available liquidity, which in turn depends on the number and size of liquidity providers.

Dukascopy is not the interbank. It's a tier 3 retail bröker.
  • #1,232
  • Jun 19, 2011 11:27am Jun 19, 2011 11:27am
Quoting John D
btw: US Dukas clients... You just got the rug pulled out from under you.
US Duka's clients ... You just got the rug pulled out from under you by US government, not by Dukascopy (who just like you is a victim of US government).

Just to clarify
  • #1,233
  • Jun 19, 2011 1:36pm Jun 19, 2011 1:36pm
Quoting Karl_Vosp
US Duka's clients ... You just got the rug pulled out from under you by US government, not by Dukascopy (who just like you is a victim of US government).

Just to clarify
True that.
  • #1,234
  • Jun 19, 2011 6:02pm Jun 19, 2011 6:02pm
Quoting Fyrana
I trade with Dukascopy for a few weeks now, all I can say :


pros:

- Low spread
- Excellent execution
- Serious support and very kind (this is for the french support, I don't know about english one )
- Geneva forex event
- I noticed that on dukascopy platform, during low liquitidy hours, there is WAY less spikes-movement that could take you out, than on others brokers. i.e: On FXCM I would have lost because of a huge spike coming from nowhere, and on Dukascopy it ended up hitting TP.

cons:

- erm... hardly nothing


Sorry for my poor...
"way less spikes during low liquidity" - noticed this also. In fact it makes such a huge difference after my previous brokers.
Minesweeper target: 284
  • #1,235
  • Jun 19, 2011 6:14pm Jun 19, 2011 6:14pm
Quoting Karl_Vosp
US Duka's clients ... You just got the rug pulled out from under you by US government, not by Dukascopy (who just like you is a victim of US government).

Just to clarify
Exactly. US partner will be released in July 1st. Accounts will be closed on July 16th. It's really a shame. I finally got my Dukascopy account on MT4 just a few days ago too.
  • #1,236
  • Jun 19, 2011 9:30pm Jun 19, 2011 9:30pm
As a current us client with Dukascopy I can only hope that the us brokers they partner with through their white label program are worthy brokers who can live up to Dukascopy's standard of excellence! price and execution should be the same but I get the feeling the commission and customer service will leave allot to be desired.
  • #1,237
  • Jun 20, 2011 12:22am Jun 20, 2011 12:22am
Quoting rogert291
As a current us client with Dukascopy I can only hope that the us brokers they partner with through their white label program are worthy brokers who can live up to Dukascopy's standard of excellence! price and execution should be the same but I get the feeling the commission and customer service will leave allot to be desired.
Yes, this is the most important thing. They should not harm Duka's reputation
  • #1,238
  • Jun 24, 2011 12:48pm Jun 24, 2011 12:48pm
Im extremely happy with Dukascopy!

I have had a couple of orders that didnt get filled such as today with a "winning" eur/cad offer.


Also just realised that placing bid and offers theoretically mean zero spread.


JForex is great although trendlines dont appear to be at the same price when the tf is changed (see attached where upper pic is 4hr and lower is daily). Would also like to be able to zoom out more
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart_AUD_USD_Daily_snapshot.png Size: 29 KB
  • #1,239
  • Jun 24, 2011 3:03pm Jun 24, 2011 3:03pm
Hello everybody!

I've been looking for a long time, an ECN / STP broker for scalping with MT4 (live trading with scripts and EA). Unfortunately, so far without success. Maybe you can help me with the search. I'm a bit desperate.

But, I would not withhold from you my discoveries. Yesterday I found that nasty thing here…

1. Alpari US
2. Alpari UK
3. FTT ( ECN from Dukascopy ??? I'm not sure.)
4. ACM (STP)
5. MB Trading US (ECN)


What is this !?! Stop-Loss Fishing !?! Incredible insolence!!!

Thanks a lot.

Marvin
Attached Image(s) (click to enlarge)
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Trust yourself. Never doubt.
  • #1,240
  • Jun 24, 2011 3:37pm Jun 24, 2011 3:37pm
Quoting Marvin42
I've been looking for a long time, an ECN / STP broker for scalping with MT4 (live trading with scripts and EA). Unfortunately, so far without success. Maybe you can help me with the search. I'm a bit desperate.
Well drop MT4 for starters.
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