Dukascopy, a Swiss forex
broker, is one of the most popular for high volume traders. They
offer low spreads of 0 to 1 pip, and they actually stay with that
margin unlike other brokers. Opening an account with Dukascopy is
a bit complicated, but it is understandable as they are trying to
preserve integrity, and they are also a member of ARIF
(Association Romande des Intermdiaires Financiers).
However it is also to be noted that they have one of highest minimum account requirements, which is $50,000, an amount impossible to gather for new traders. Dukascopy's reputation is very good, and most of their clients are forex deal veterans. They also have very good charts and liquidity. Their customer service is also well-noted. Most complaints are not based on professional issues, but on the accent of the customer attendants.
Basic Broker Details Site http://www.dukascopy.com/ Country of Origin Switzerland Accepted Deposit Modes Bank wire Withdrawal Method Bank wire Leverage 1:100 Regulation Body ARIF Spread Upto 1 pip Minimum Account Requirement $50,000 Pros of Dukascopy*Respectable forex broker
*Very good automated systems
*Advance tools and platform
*Good queue service
Cons of Dukascopy*Very high account requirements ($50,000)
*Complicated account opening requirements
*Bank wire only
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