Dukascopy Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Dukascopy trading signals. You will learn what kinds of trading signals Dukascopy offers and what the conditions for using them are.
Short introduction of Dukascopy
The company has been founded on 2 November 2004 in Geneva by Andre and Veronika Duka, Swiss nationals residing in Geneva who still own 99% of the company. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm. Dukascopy Bank provides a wide range of free financial information and other attractive resources through its website, Dukascopy TV online television, Freeserv products and its active online Dukascopy community counting over 130'000 members. Deposit insurance protects the credit balances of private and corporate clients in the event of a bank or securities firm's bankruptcy. This guarantee is regulated by law. Dukascopy has an insurance fund with up to CHF 100 000 coverage per client and institution.
| 💰 Account currency: | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR |
| 🚀 Minimum deposit: | USD 100 for Dukascopy Europe and USD 1000 for Dukascopy Bank |
| ⚖️ Leverage: | From 1:1 to 1:200 on weekdays/ from 1:1 to 1:20 on weekends |
| 💱 Spread: | From 0.1 pips for EUR/USD |
| 🔧 Instruments: | Over 1200 trading instruments on CFD, currency pair, commodities, stocks and cryptocurrency |
| 💹 Margin Call / Stop Out: | 100%/200% |
Dukascopy Pros and Cons
👍 Advantages of trading with Dukascopy:
•Attractive trading conditions;
•regulated by FINMA;
•19 years in the market;
•deposit protection up to CHF 100 000 per client;
•online account opening with video identification;
•large liquidity pool- 20+ banks;
•ECN trading technology;
•low spreads - from 0,1 pips on EUR/USD;
•instant order execution;
•wide range of free financial information and other attractive resources through its website, Dukascopy TV online television;
•wide variety of trading platforms, JForex, MT4, Forex mobile;
•manual and automated trading and trading directly form the chart;
•hedging and scalping allowed;
•sliggage control;
•swap free accounts upon request;
•250 indicators and chart studies and automated trading historical tester;
•wide range of trading orders: MIT, limit orders, eco and TP/SL orders;
•high-quality customer service- 24/7 customer support available in 12 languages;
•up to 100% deposit bonus.
👎 Disadvantages of Dukascopy:
•leverage up-to 1:200;
•higher trading commissions for Islamic account traders;
•each account is given a deposit limit based on the information provided at the account opening;
•impossible to open new positions on weekends.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Dukascopy Trading Signals
The experts at the Traders Union inspected Dukascopy to check for both trading and non-trading commissions. Trading commissions mean spreads set by the broker, non-trading commissions mean account funding or withdrawal fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Live FX | $22.5 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Dukascopy does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.