Switch your accounts to Dukascopy

Discussion in 'Forex Brokers' started by Gcapman, Mar 25, 2010.

  1. Gcapman

    Gcapman

    Switch your accounts to Dukascopy

    www.dukascopy.com


    They just lowered their minimum account to $1,000
     
  2. moarla

    moarla

    if you are a client, tell us how they are. on the quoteIB is better, but they could have better liquidity....
     
  3. Gcapman

    Gcapman

    I'm opening an account with them next week.......

    Sick of FXCM's BS........
     
  4. Pippi436

    Pippi436

    They have applied for a banking license more than a year ago, still no decision about that. There are other swiss fx firms that already got this license, the question is why not Dukascopy..

    I would wait until the regulatory situation is clear.
     
  5. Be very wary of Dukascopy.

    Their reputation is mixed, to say the least.
     
  6. jorgez

    jorgez

    This is excellent advice.
     
  7. To be honest, I preferred when they had their $50k account minimum. Continuing to lower minimums to scrape for the smallest traders out there seems counter to their initial focus. For a broker that once proudly proclaimed "100M Per Click" to now state "The minimum margin requirement is 100 CHF" is quite a change. Basically, they poured all this marketing effort into becoming a serious institutional contender, to now compete with every other retail shop.
     
  8. Gcapman

    Gcapman


    Small traders are what made FXCM the giant that it is........
     
  9. True, but why did they ever start out with an institutional focus to begin with?
     
  10. Gcapman

    Gcapman


    A lot safer than FXCM I would say.........
     
    #10     Mar 26, 2010