General Features

Dukascopy Bank SA offers currency and precious metal trading (all together referred to as "Forex") to retail and institutional clients. Dukascopy Bank SA Forex trading services are optimised for professional trading activity:

  • Equal liquidity and quotes for all clients
  • All types of trading are allowed (including news trading, scalping etc)
  • Accounts can be opened in 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
  • Multiple funding facilities available, including Credit and Debit Cards, Wire Transfers and Bank Guarantees
  • Each client is protected up to CHF 100'000 against insolvency risk of Dukascopy Bank by esisuisse (http://www.esisuisse.ch/en).

Depending on the account size and monthly traded volume, different trading commissions and overnights are applied. The minimal deposit size of the account with Dukascopy Europe is 100 USD, while the minimum for Dukascopy Bank SA is 1'000 USD. Several additional features are available depending on the client profile and type of account:

  Services
Account size
(USD)
SWFX technology JForex API FIX API Bank guarantees
starting from 100*
over 1,000
over 100,000
* ECN accounts with the minimum deposit of 100 USD are available only for the clients of Dukascopy Europe. (Read more)

 

Lot Size

The minimal acceptable order size is 1000 units of the primary currency, 1 unit (ounce) for gold, 50 units (ounces) for silver, 0.1 unit (coin) on BTC/USD with step 0.1,1 contract for CFDs on indices and stocks, 20 contracts for COPPER.CMD/USD, 10 contracts for GAS.CMD/USD and 1 contract for other commodities. There is no maximum lot size limitation, except available liquidity, marginal requirements and maximum instrument exposure

Trading hours

Most of the instruments are traded on a 24 hour basis without interruption, from market opening on Sunday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time) until market close on Friday, 21:00 GMT during Summer Time (22:00 GMT during Winter Time). The following instruments have trading breaks during the trading session:

Instrument Trading breaks
Summer Time Winter Time
XAU/USD(1) 21:00 - 22:00 22:00 - 23:00
XAG/USD(1) 21:00 - 22:00 22:00 - 23:00
USD/RUB(2) 20:50 - 07:00 20:50 - 07:00
EUR/RUB(2) 20:50 - 07:00 22:00 - 07:00
USD/HUF 21:00 - 23:00 22:00 - 00:00
EUR/HUF 21:00 - 06:00 22:00 - 07:00
USD/RON 21:00 - 05:30 22:00 - 06:30
EUR/CZK(3) 21:00 - 22:00 22:00 - 23:00
USD/ILS(3) 21:00 - 05:00 22:00 - 06:00
USD/THB(3) 18:00 - 00:00 19:00 - 01:00

(1) - Instrument is not tradable from 17:00 till 21:00 during Summer Time (from 18:00 till 22:00 during Winter Time) on US national holidays.
(2) - Instrument may have sporadic pricing / low liquidity / temporary or full absence of prices on Russian national holidays.
(3) - Instrument may have low liquidity / temporary or full absence of prices.

Special trading conditions

Due to limited available liquidity during off market hours, trading might be interrupted, as well as special trading conditions are applied to the following instruments:

Instrument Maximum spread, points Off Market Hours
Summer Time Winter Time
USD/PLN 250 18:00 - 07:00 19:00 - 08:00
EUR/PLN 350 18:00 - 07:00 19:00 - 08:00
USD/TRY 130* 18:00 - 07:00 19:00 - 08:00
EUR/TRY 130* 18:00 - 07:00 19:00 - 08:00

* Dukascopy reserves the right to increase the maximum spread under certain market conditions. 

Please be advised, that following instrument are not available for managed accounts, but for individual traders only: XAU/USD, XAG/USD, USD/PLN, EUR/PLN, USD/TRY, EUR/TRY and USD/RUB.

Attention: Wider spreads during "off market hours" or a market gap after trading break can significantly decrease the equity on your account and can trigger a margin cut or equity stop loss level.

Settlement Procedure

Settlement activities are conducted on a daily basis and include all post-trade operations such as trade settlements, rollovers, volume commissions and daily P&L conversions and other end-of-day amendments (please refer to Overnight policy for related information on value date and overnights). Settlement procedure is applied at 21:00/22:00 GMT and is carried out automatically in the account's base currency. The account balance is updated on a daily basis after the settlement procedure. Clients are able to track balance history in various reports through the trading platform or through web based entry.

 

Platform Specification

 

The Dukascopy Bank - SWFX Trading Platform is a unique technology with specific features for advanced traders. The Platform provides special functions and tools that have been created in order to suit sophisticated needs and provide additional protection to clients against market spikes. Dukascopy Bank strongly recommends that you become familiar with the DEMO platform before you start live trading.

 

To learn more about Dukascopy Bank ECN Accounts, please write to: Send us a message, call us on: +41 22 799 4888 or alternatively ask for a call-back.

 

 

To learn more about Dukascopy Bank Forex trading platform, SWFX and other trading related information, please contact us: +41 22 799 4888

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