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Dukascopy Bank lowers the minimum deposit to 1'000 USD for new trading accounts


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#1 shaileshm

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Posted 07 May 2018 - 10:40 PM

Copied from https://www.dukascop...s/english/home/

 

Wondering if there is a catch to it.

 

 

Dukascopy Bank has decided to lower the minimum deposit required for Individual Trading Accounts. An initial deposit of USD 1'000 is now available for all traders!

 

 

Since the introduction of video-identification in 2016, the account opening process can be concluded fully online. This video-identification revolution along with offering retail banking to a broader audience worldwide allowed Dukascopy Bank to lower the cost of account opening both on the clients' and the bank's side.

 

These lower costs resulted in easier access to the SWFX Swiss FX Marketplace via Dukascopy Bank, and led to this decision of lowering the initial deposit for all traders.

Dukascopy Bank opens trading accounts in 23 currencies and in Gold (USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH, SEK, SGD, TRY, XAU and ZAR). Clients can fund their accounts by payment cards (Visa, MasterCard, Visa Electron, Maestro), wire transfers (including cheap and fast SEPA transfers in EUR), and via bank guarantees.

 

 

Please note that Dukascopy Bank current accounts can be opened without a minimum initial amount restriction. Current account clients can execute payments, order credit cards, exchange currencies and perform investments in different assets including crypto currencies.


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#2 Kilometer

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Posted 07 May 2018 - 11:01 PM

wow, now i might actually consider them... thanks for the info!


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#3 traderpusa

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Posted 07 May 2018 - 11:06 PM

Good marketing I would say, they can smell the customers coming because of ESMA.

Also notice the leverage upto 200.

They will still charge spread for binary options I suppose, so not really great for short term bins.

 

 

7d00b4a23136edc01242e6cf42f1f5c4.png

 

 

yeah, still spread on bins.



#4 MXBO

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Posted 09 May 2018 - 02:12 AM

Nice move from Dukascopy, hehe.

 

But for Binaries, it's tough to do 3-5min exp with them because of the spread. Find a strategy for at least 10min and up.

 

The con is the spread but the pro's with them on the other hand are:

 

- Real broker, not scam BS.

- 90% payout on every pair & exp.

- Variable exp times, any you want (can type in anything like 12:23 as exp), up to 10-12hrs even on some.


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#5 yasirukdxb

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Posted 12 August 2018 - 09:54 AM

payout is good with this broker ,but maximum trade size not good , if anyone using martingale , then its not suitable 



#6 BrianC

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Posted 13 August 2018 - 05:11 AM

So, if a broker in Switzerland can offer bo trading to EU based clients, why can't brokers in Australia do the same thing?



#7 traderpusa

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Posted 13 August 2018 - 05:23 AM

gomarkets still accepts eu customers, high low not anymore i was told.



#8 Tradista

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Posted 04 March 2019 - 02:37 PM

I'm considering going back to bins, this time with dukascopy as I am in EU. Anyone care to share their experience with them?  what is the max size allowed? Any issues withdrawing? thx



#9 Tripack

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Posted 04 March 2019 - 04:11 PM

I am in EU too and really considered moving some to them but in the end found cfd more efficient for me. I think they still have a solid reputation ? I only tried demo a few years ago and found it pretty good with some spot related features while trading bins.

#10 Tradista

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Posted 04 March 2019 - 06:05 PM

I am in EU too and really considered moving some to them but in the end found cfd more efficient for me. I think they still have a solid reputation ? I only tried demo a few years ago and found it pretty good with some spot related features while trading bins.

 

Hey Tri nice to see you're still here making pips!  They do have a great reputation and it seems like the only way to go now. I'll let you know if I go ahead and try them out. 


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#11 Tripack

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Posted 04 March 2019 - 06:23 PM

In any case, aside platform related stuff, apparently the « your money is yours » does apply there which is always good vs. what we saw in the bins world last couple of years imho.

#12 kozimkowski

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Posted 05 March 2019 - 09:47 AM

does Dukascopy have expiry times? i couldn't find it on the demo  :unsure:



#13 Tradista

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Posted 05 March 2019 - 01:24 PM

does Dukascopy have expiry times? i couldn't find it on the demo  :unsure:

 

They don't have fixed expiries, you will set it manually. lowest is 3m and higher bid size is 450€ on demo.


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#14 Tradista

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Posted 05 March 2019 - 04:53 PM

For info, here's a link to their trading conditions:

https://www.dukascop...ing-conditions/


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