Dukascopy is one of those forex brokerage firms that are perfect for a large trader that wants to stay anonymous. You can even invest a maximum of 100 million dollars with one click. Dukascopy is under the regulations of the Swiss Forex Authority and stands out as one of the safest forex traders in the world based on Dukascopy Review. The company also applied for a banking license in order to strengthen financial security even more.
Dukascopy functions under strict procedures and this relates to account opening too. Even if you will spend some time opening one you will be sure that your money is secured. The standard procedure will require you to register and then receive documentation for opening an account. You will need to fill the documents and then send them to the special Dukascopy office. When the account is approved you will receive the password and user details and the live account can be founded. You will need to deposit a minimum of 1000 dollars to use real money trading. Dukascopy gives you the opportunity to also try a demo account in order to practice and see the platform. It will be valid for 2 weeks, which is more than enough for you to get used with everything.
With Dukascopy withdrawal and deposits are handled traditionally and you cannot use contemporary platforms like PayPal. You can fund the account and make withdrawals only through wire transfer, which does take a while based on bank contacts. There is also the possibility of linking a personal Swiss Custodian bank account to your live trading account.
Now talking about the trading platform you will be happy to learn that there is a lot of variation available. You can use web-based, mobile, MT4 and desktop trading platforms. All of them include good features that will assist you. The entire platform is very user friendly and the design is exciting. The crucial information is highlighted. This includes market trends, indicators, pips and even forecasts. The only real problem is the fact that if you are a trader you will find the platform to be a little complicated because it is sophisticated.
Dukascopy offers 24X7 support services via chat, phone and email. Through the live chat interface you can even use Skype account services for easier conversation. If needed there are also tutorials that are available on the official website.
In conclusion we can say that Dukascopy is not a forex broker aimed towards individuals. Its services are tailored for institutions and it does the work really well.