Dukascopy Commission or Brokerage Charges – Review, Plans, FAQs & more
Find out all information about Dukascopy Commission or Brokerage Charges here.
Dukascopy is a Switzerland-based bank established in 2004 by Andre Duka and his partner, Veronika Makarov.
The traders here can avail of Swiss banking licenses. Swiss Financial Market Supervisory Authority, abbreviated as FINMA, regulates the trading platform.
The traders choose to trade here as it offers both a plethora of services and features.
Some of the services available for traders are CFD trading on Stocks, Indices, Commodities, besides Cryptocurrencies.
Forex trading via Swiss FX Marketplace is also available so that traders can get access to various Binary options also.
Currently, the company offers online trading and currency trading to clients.
The only reason why traders trust Dukascopy is that they provide a transparent environment besides offering equal trading rights.
But when it comes to trading, the traders need to check the Dukascopy commission. Ideally, trading is feasible for both new and experienced traders.
The company also offers a physical card which makes online payments easy for traders. With this card, the traders can also make ATM withdrawals.
The transfer from one account to another is also zero.
Dukascopy Commission or Brokerage Charges
If traders choose Dukascopy as their broker, then they have to pay some charges besides Dukascopy commission.
If traders decide to trade with a demo account, there are no charges associated.
But if traders choose to do live trading, they need to pay several charges to trade here, including the Dukascopy commission.
The trader needs to know that various charges, including Dukascopy commission, tend to vary from one account to another.
Besides the costs, the traders also need to align with the minimum account balance. These charges change depending on the trading account one chooses.
Traders need to keep track of all these charges as they don’t want to spend more than they are about to earn.
When it comes to costs, the traders don’t need to worry as they are pretty low here as compared to other platforms.
Fill up the Form – Open Forex Trading Account Now!
More Related Articles on Forex Commission Charges
|NinjaTrader Commission||Binarycent Commission||Forex.com Commission|
|Admiral Markets Commission||Bitmex Commission||Easymarkets Commission|
|Ayondo Commission||Deriv.com Commission||FP Markets Commission|
Types of Dukascopy Commission Plans
|Types of Commission Plans|
|Account Type||Forex ecn account|
Ideally, the commission plans here depend on the type of account that traders choose to trade.
The trading costs here are pretty competitive to the top forex brokers in the market. Here the versions support not only automated trading but also high-frequency trading.
The traders need to pay some spreads on currency pairs, including EUR/USD and USD/JPY. The spreads are likely to be around 0.3 or 0.4 pips.
On the flip side, the traders also need to pay for commission on an average of 0.7 pips.
The Dukascopy commission and Dukascopy charges together make the total trading cost to 1 dip approximately.
The Dukascopy charges are similar to other brokers so that traders can be stress-free. Additionally, traders charge commission and spread as per the trading volume.
Mostly the charging system tends to benefit active and large-size traders via discounts.
Furthermore, a fee of at least $40 applies to almost all accounts that haven’t been trading actively for more than a year.
Dukascopy Account Opening Process
Besides the brokerage and fees, the trading platform also offers a demo account opening process. But to start trading, the traders need to follow some basic steps.
Generally, traders can either avail a Demat account or trading account as per their choice. While opening the account, the traders need to use Dukascopy brokerage.
- Firstly traders need to look for a demo account that is available on the official web portal.
- Then traders are likely to see a popup form on their device.
- They need to fill the form at their convenience. But traders need to fill in details with all the relevant information.
- Once they are done with filling the form, the traders need to hit the submit form.
- Now, traders need to give some KYC details to go further with the verification process.
- When the brokers verify the trader’s identity through the documents they provide, they are likely to release their activated account as soon as possible.
- The broker is likely to offer traders login credentials hence which traders can log in to their account and start trading.
Dukascopy Payment or Withdrawal Methods
|Deposit Options||Credit Card, Neteller, Skrill, Wire Transfer|
|Withdrawal Options||Neteller, Skrill, Wire Transfer|
Besides the Dukascopy brokerage, the traders also need to consider the dukascopy payment or withdrawal methods.
The traders can use debit or credit cards besides direct bank transfers to make deposits. The card payments are likely to work quickest, and they are likely to be processed just in one day.
The bank transfers are likely to take at least two days.
The minimum deposit account mandatory for all traders is $100, and depending on the situation, the traders need to pay a fee of 1.2% to 2.5%.
Several options are available with traders when it comes to withdrawals, including debit card, credit card, or bank account. Some other withdrawal options available include:
- Skrill with 2.5% commission
- Neteller with 1 Euro or 2.5% commission
In some situations, the withdrawal cost can reach at least $50 while there is no minimum withdrawal amount.
The withdrawal processing time takes place in at least three to five days.
Check Similar Articles on Forex Commission / Plan Types
|FXOpen Commission||Liteforex Commission||Oanda Commission|
|Just2Trade Commission||LQDFX Commission||Prime XBT Commission|
|Libertex Commission||Moneta Markets Commission||Spectre AI Commission|
Dukascopy Investment Assets
|Supported Cryptocoins||bitcoin, ethereum|
|Total Tradable Assets||600|
|Number Of Currency Pairs||61|
|Number Of Cryptocurrencies||2|
|Number Of Stocks||500|
|Number Of Indices||20|
|Number Of Commodities||11|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||3|
|Number Of ETFs||43|
Even though Dukascopy is a bank, it doesn’t offer plenty of options under Forex. But when it comes to trading, the traders can try at least 61 currency pairs.
The selection seems to be quite good among other things.
The commodities available to traders include gold, silver, oil, etc. Besides 19 indices, there are equities available from 14 countries.
There are only three cryptocurrencies, including Bitcoin, Ethereum, besides Litecoin.
The platform also offers its own coin known as Dukascoin, as it has understood the blockchain technology.
When investing here, the traders also need to consider the Dukascopy fees.
Dukascopy Commission – Conclusion
Dukascopy is an ideal swiss based bank, and the research division is not only innovative but also advanced.
Besides offering a plethora of trading tools, the platform offers unique features like Forex Calculators, COT Report, and Dukascopy TV.
The best part about Dukascopy TV is helpful for both professionals and beginners. Additionally, traders can check the dukascopy fees before trading.
Check Articles on Forex Commission & Plans
|Spreadex Commission||Alpari Commission||Binomo Commission|
|ThinkMarkets Commission||AvaTrade Commission||eToro Commission|
|Trading 212 Commission||Binary.com Commission|
Dukascopy Charges or Fees – FAQs
Here is the list of FAQs related to the Dukascopy Charges or Fees:
Do Dukascopy charge commission?
Yes, Dukascopy tends to charge a commission, but the amount is likely to change from account to account.
Besides the commission, the traders also need to pay the spreads and other charges.
How much does Dukascopy charge as brokerage?
Yes, brokerage mainly depends on the shares related to transactions.
On the flip side, the brokerage also varies when traders trade currencies.
Hence traders need to pay a fixed amount of brokerage if they want to start selling here.
The amount is likely to be disclosed during the account opening process.
What is the Minimum Deposit required in Dukascopy?
Ideally, if traders choose to trade with a demo account, then they don’t have to follow any minimum deposit amount requirement.
While traders decide to trade on the live account, they have to align with the trading account requirement that is $100 for all budgets.
Besides, traders can choose any maximum amount.
How much leverage does Dukascopy provide?
Mainly the leverage varies from account to account, just like the commission and other charges.
For example, at Dukascopy, traders offer a commission of 1:1000 leverage to all the traders.
Hence traders need to consider the account type when trading here.
How much is Spread at Dukascopy?
Just like the fees and commission, even the spreads tend to vary from account to account.
Generally, the spreads applicable at Dukascopy are likely to be around 0.3 or 0.4 pips.
Hence traders need to consider these charges before investing here.
What type of Commission Plans available in Dukascopy?
Ideally, only one commission plan is applicable in Dukascopy because only one account is available here, which is the Forex ECN account.
If traders choose a demo account, there is no commission relevant, while if traders choose live trading, they have to pay commission charges.
Does Dukascopy provide Cryptocurrency for Investment?
Yes, Dukascopy offers two cryptocurrencies, including bitcoin, ethereum. The traders can choose any account as per their goals and budget.
Besides, traders can deposit and withdraw funds using other methods like credit, debit cards, and bank transfers.
Before trading, the traders need to consider the mediums and charges attached to it.
Is Dukscopy a legit Forex Broker?
Yes, Dukascopy is undoubtedly a legit forex broker because several users online trust.
The FINMA tends to regulate the forex broker, and it also ensures Dukascopy aligns with rules and regulations.
Besides, traders need to check the legal terms also.
Can I invest in Dukascopy for $5?
No, traders cannot invest $5 on the Dukascopy as the minimum account to trade here is $100, and traders need to align with the requirement.
But if traders choose to trade on a demo account, they can trade without any minimum amount.
Are there any hidden charges available with Dukascopy?
When it comes to trading with Dukascopy, the traders don’t need to stress any charges or fees because there are no hidden charges here.
Even the applicable commission is transparent here.
Fill up the Form – Open Forex Trading Account Now!
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|