Dukascopy

Posted by innovative-forex on November 01, 2011
Forex Broker Reviews

Dukascopy Bank SA was founded in 1998 and is the Swiss ECN Forex broker, licensed as a bank, offering online high quality Forex trading services. Today Dukascopy is among the leading Forex brokers in the market.

Initially the Swiss brokerage house was created to serve the interests of major financial clients. It created a proprietary trading platform and was able to access the Swiss Forex marketplace SWFX, when this was moved away from a single administrative location. Because of its strong links with banks, funds, and other financial institutions, Dukascopy provides a high volume of activity in the market.

Dukascopy Bank boasts a shareholder capital of CHF 22,000,000 (£17 million) and supplies trading services based on the following chief principles:

(a) Equal trading rights – meaning that all clients have equal access to the provision and consumption of liquidity within the trading environment.

(b) Transparent pricing environment – meaning that all clients can obtain the same liquidity at equal prices via a single data feed.

Dukascopy is a member of ARIF and institutional trading services are the key targets for the company. Minimum deposit levels are high as a result of obtaining trades to the inter-bank market. For example, the minimum deposit of £600 is required for the Retail ECN account. However, this trading account type is also available for individuals. For corporate clients, the minimum deposit level is £30,000 (Standard Account).

The operation of the bank is regulated by the Swiss controlling authorities and Dukascopy is known to be a Forex broker that is highly focused on its work, as well as being reliable.

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