When a woman is pregnant, everyone touches her belly to congrats her. The next section will show you how to be in synthony with Dukascopy. Dukascopy is one of the few brokers that I know personally but I still needed tens of hours of research in order to write a fair review about them.
Dukascopy has a lot to offer and if you know how to manage this relationship you gonna be a happy trader. Here are a few tips for you remember that we are talking about my ex here:. I assume that after many years, the Dukascopy are still asking themselves this question.
In some circumstances, Dukascopy Bank may not hedge entirely or may not hedge at all certain trades. In such cases, Dukascopy Bank may have opposite positions towards Clients.
Many traders noticed this on their own. Two of them, John Dillinger from US and Christian Riedl from Switzerland, offered some details in their remarks about their experience with Dukascopy. In the first part of this review, I told you how you could avoid getting broke with Dukascopy. In my opinion, this market is divided in two categories: Forex Brokers and Forex Scammers. In the Forex Brokers category, you will never find the perfect broker. Everyone has something to offer and something to take of the table.
Dukascopy Bank is definitely a Forex Broker who has a lot to offer. You only have to decide if their offer suits your needs. Whatever their complaints are, almost all the time, the traders add some words about a bad support.
Too long time needed before they get an answer to their emails, never get the promised call from their account manager or not getting a proper answer to their questions. Seems like you need to have a lot of patience and to send them more than one single message with your problem before getting an answer. By getting it, does not mean you will get the proper answer, so you might need to start all over again with the messages.
As stated on the website, in their willing to differentiate from other brokers, Dukascopy Bank chose not to offer an MT4 platform. From the multitude of tools they could have pickedto apply their strategy, unfortunately they chose the wrong one, in my opinion.
Almost all indicators and EA are built for MT4 platform and most of the traders use these tools. As good as their other 5 options are, they still cannot compete with the professionalism that the MT4 trading platform offers. However, they come up with a solution for this: Third Party Bridge to MT4 platform. If low spreads plus the commission makes theDukascopy very competitive, the low spreads plus commissions plus MT4 fee, makes the competiveness of the Dukascopy, to vanish.
Putting it another way, a cent charge is applied when you trade just 0. The commission prices get lower the more money you deposit . Should your account reach the Stop-Loss level set by you, the trading would be instantly deactivated and all open positions would be closed, to protect your remaining capital against further losses. Speaking about the capital protection, the deposits of clients who joined via Dukascopy Europe are protected by EU Regulation — up to The ECN liquidity and transparent pricing make Dukascopy a worthwhile trading platform for an advanced forex trader.
Large volume trading is handled well at Dukascopy with traders having the capacity to make trades going up to a couple of million U. I feel desperate with their support and my account manager for long reply or forgotten reply. Beside, JForex is suck, needs high speed internet, freezes when opening many pairs, needs to clear catch, long loading every log in etc.
I married Dukascopy before I knew much from it, and now it is my ex. Dukascopy Europe is not a bank, it is a subsidiary of Dukascopy Bank and is headquartered in Riga, Latvia, and not in Switzerland. Therefore clients of Dukascopy Europe are not protected by the more stringent banking laws of Switzerland.
I think this distinction between these two companies carries important implications for the way in which they both operate in respect of handling their clients orders. Your email address will not be published. You may use these HTML tags and attributes: Please enter the code in the box: Home Comparison Brokers Mistakes. Dukascopy is Why im Broke. How can you avoid going broke with Dukascopy Bank: Here are a few tips for you remember that we are talking about my ex here: On the Dukascopy website, on the client protection area, they speak about the Slippage Control Functionality.
You should use it, despite the fact they warn you that reducing the tolerance to slippage, increases the probability of an order reject. It also increases the probability for you to be profitable . Do not trade during important news releases.
If they are really doing it, Dukascopy cannot follow your stop loss order endlessly. Although long-term trading seems to be the perfect strategy to apply in order to avoid a stop loss hunting, if you adjust your money management, intra-day trading and scalping could work as well.
The benefit to these order types is that you are guaranteed not to see any slippage or even to obtain a better price then you requested. Use longer time frames to reduce the noise when the things get hairy in the market. That is the Question! You Better be a Patient Guy Whatever their complaints are, almost all the time, the traders add some words about a bad support.
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