Welcome to our series of reviews of trading websites. Today we are going to be looking into the Dukascopy website – design, services, trading platform, etc. Enjoy!
On first glance, the Dukascopy homepage can be a little disconcerting, there is a large number of colors and lots of text. The rest of the website is unfortunately similar in this regard. There is a great deal of information available here, but the presentation is lacking.
News and other information
Dukascopy has one of the most exhaustive news services we have seen so far. The volume of news may be overwhelming for new users, but there are filters that investors can use to only see news that are relevant to them. In addition, there are several additional tools such as economic calendar or SWFX sentiment index. There is no dedicated educational section.
This broker offers trading of forex, CFD’s, Binaries and Cryptocurrencies. In addition, normal banking services are also offered. There are no universal trading conditions, every instrument has its own spread. Dukascopy has low spreads, but charges a commission on every trade, for example 0,10 % of trade value on stocks. An interesting thing is that this broker offers its own cryptocurrency, the Dukascoin.
Investors can choose between a web and desktop or smartphone-based clients. Dukascopy offers a fairly limited demo account of only 14 days. We have tried to set up the account on several occasions but have been unable to do so. Judging from third party pictures, the interface is fairly standard. Trading conditions differ based on where the investor is domiciled. Maximum leverage on offer is 1:200.
Conclusion and information about broker
Behind rather bad web design lurks a broker that is actually quite good. Finding what you want to find is sometimes a chore, but there is a lot of information to be had. In addition to being a broker, Dukascopy is also a bank located in Switzerland, which means more regulation but also more safeguards. This broker can be contacted by phone, mail or via help service.
Overall assessment: 2