Dukascopy Europe (EU subsidiary of Dukascopy Bank, Switzerland) offers trading of currencies and precious metals (all together referred to as "Forex") to private individuals and institutional clients. The accounts can be opened in different currencies - USD, CHF, EUR, GBP, AUD, CAD, CNH, CZK, DKK, HKD, HUF, ILS, JPY, NOK, PLN, RON, RUB, SEK, SGD. Different funding facilities (including Bank Guarantees, credit/debit card funding, etc) are available.
Dukascopy Europe Forex trading service is optimized for professional trading activity. Deposit size is variable depending on the client profile. The minimum size of an initial deposit is 100 USD.
Prices and liquidity are equal for all clients. Depending on account size and monthly&traded volume, different trading commissions and overnights are applied. Dukascopy Europe accepts all types of trading (including news trading, scalping etc).
The deposits of the clients of Dukascopy Europe are protected by EU regulation in the amount up to EUR 20’000.- for each client.
The minimal acceptable order size is 1'000 units of the primary currency, 1 unit (ounce) for gold, 50 units (ounces) for silver, 0.2 unit (coin) on BTC/USD with step 0.1, 1 unit (coin) on ETH/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, 500 contracts on COFFEE.CMD/USX with step 10, 10 contracts on SUGAR.CMD/USD with step 10, 600 contracts on COTTON.CMD/USX with step 100, 300 contracts on OJUICE.CMD/USX with step 20, 400 contracts on SOYBEAN.CMD/USX with step 400, 100 contracts on DOLLAR.IDX/USD, 20 contracts on NLD.IDX/EUR, 10 contracts on SGD.IDX/SGD, 100 contracts on BUND.TR/EUR, 100 contracts on UKGILT.TR/GBP, 100 contracts on USTBOND.TR/USD with step 100 and 1 contract for other commodities. There is no maximum lot size limitation, except available liquidity, marginal requirements and maximum instrument exposure.
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) untill 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:
|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||20:50 - 07:00|
(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.
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|
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, USD/RUB and EUR/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 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. Account balance is updated on a daily basis after settlement procedure. Clients are able to track balance history in various reports through the trading platform or through the web based entry.
Dukascopy Europe - 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 Europe strongly recommends that you become familiar with the DEMO platform before you start live trading.