Dukascopy, anyone trade with them?

Discussion in 'Forex Brokers' started by PlusMinus, Nov 21, 2009.

  1. I've been reading conflicting things about them. Putting aside the fact that your funds would be unprotected with them, keeping in mind that they allow you to place your funds in any Swiss bank and still trade through them (thus they should be just as safe as if they were in a US bank), what do people around here think of them?

    Is it a true ECN? Or do they pad the prices?
     
  2. Gcapman

    Gcapman

    I think that the best / safest broker is Deutsche Bank -- they have a guarantee on funds up to 1 Billion Euro -- now whether you are good enough a trader is something else

    At least you don't have to worry about your broker going broke!
     
  3. Just opened with DB. Their service is miles ahead of the feminist American staffs.
     
  4. Had an account with Duka a couple years ago. Largest trade I did with them was 5M GBP, at market & no slippage.

    I only closed the account out of concern for book depth irregularities, basically they were showing 0.5M at each price interval three levels deep. Shortly after I left, it appeared they fixed it. I'll probably take another look at them again when they get their bank license.

    Customer service, wires in/out, trade executions were all fine.

    Spreads were relatively equivalent to other ECNs, some issues during the quiet times, but again this was going on 2 years ago, pretty sure they added even more LPs since. I requested they be added to fxintel.com, curious to see how they compare to IB, MBT, & FXCM ActiveTrader these days.
     
  5. DBFX is a white lable of FXCM, there trade station is copy of the old fxcm trade station.
     
  6. Do we know for sure if they're using FXCM to provide price feeds and liquidity, or are they just licensing their platform because it's cheaper than building their own retail offering?
     
  7. Pippi436

    Pippi436

    TraderKGB: FxOpen uses Dukas pricing, so its actually there.
     
  8. I have been with DC for a little over a year now and have no complaints.

    Very stable platform and consistent pricing .

    Regards
     
  9. Any automation?
     
  10. Yes, via a Java 'JForex' api and FIX. You can run your strategies within the JForex platform or directly using the api's.

    Also,there are back-testing capabilities within the JForex platform plus an optimization tool; however, this doesn't utilize any AI/genetic-algorithms, simply brute force.

    Hope this helps.
     
    #10     Feb 14, 2011