MetaTrader 4 and MetaTrader 5 are well-known trading platforms, appreciated by many traders around the world. No need for third-party bridges anymore as Dukascopy now provides a direct connection to SWFX Swiss Marketplace.
Please note that the trading conditions, list of instruments, swaps are different from the standard FX account, which is opened for trading on JForex platform. The following sections of the page describe trading specifications in details.
| Specifications | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Account Currency | USD, EUR, GBP, CHF, PLN | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR |
| Deposit Currency | USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR | |
| Margin Call Level | ≤100% | |
| Stop Out Level | ≤50% | |
| Close By | Disabled | |
| Execution Type | Market | |
| Hedging | Allowed | |
| Expert Advisors | Allowed | |
| Trailing Stop | Allowed | |
| Maximum Orders | 1'000 | |
| MT4 Server Time | Summer Time (Daylight-Saving) = GMT+3 Winter Time (Standard) = GMT+2 |
|
| Instrument | Leverage | Max Net Exposure in Lots | Lot Size | Min Lot | Lot Step |
|---|---|---|---|---|---|
| AUD/CAD | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| AUD/CHF | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| AUD/JPY | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| AUD/NZD | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| AUD/SGD | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| AUD/USD | 100 | 50 | 100'000 AUD | 0.01 | 0.01 |
| BCH/USD | 5 | 50 | 1 BCH | 1 | 1 |
| BTC/USD | 5 | 1 | 1 BTC | 0.01 | 0.01 |
| CAD/CHF | 100 | 50 | 100'000 CAD | 0.01 | 0.01 |
| CAD/HKD | 10 | 10 | 100'000 CAD | 0.01 | 0.01 |
| CAD/JPY | 100 | 50 | 100'000 CAD | 0.01 | 0.01 |
| CHF/JPY | 100 | 50 | 100'000 CHF | 0.01 | 0.01 |
| CHF/SGD | 100 | 50 | 100'000 CHF | 0.01 | 0.01 |
| DSH/USD | 1 | 165 | 1 DSH | 1 | 1 |
| ETH/USD | 5 | 10 | 1 ETH | 1 | 0.1 |
| EOS/USD | 5 | 7000 | 1 EOS | 1'000 | 1'000 |
| EUR/AUD | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/CAD | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/CHF | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/CZK | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/DKK | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/GBP | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/HKD | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/HUF | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/JPY | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/NOK | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/NZD | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/PLN | 30 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/RUB | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/SEK | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/SGD | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| EUR/TRY | 10 | 10 | 100'000 EUR | 0.01 | 0.01 |
| EUR/USD | 100 | 50 | 100'000 EUR | 0.01 | 0.01 |
| GBP/AUD | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| GBP/CAD | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| GBP/CHF | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| GBP/NZD | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| GBP/JPY | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| GBP/USD | 100 | 50 | 100'000 GBP | 0.01 | 0.01 |
| HKD/JPY | 10 | 50 | 100'000 HKD | 0.01 | 0.01 |
| LTC/USD | 5 | 100 | 1 LTC | 10 | 1 |
| NZD/CAD | 100 | 50 | 100'000 NZD | 0.01 | 0.01 |
| NZD/CHF | 100 | 50 | 100'000 NZD | 0.01 | 0.01 |
| NZD/JPY | 100 | 50 | 100'000 NZD | 0.01 | 0.01 |
| NZD/USD | 100 | 50 | 100'000 NZD | 0.01 | 0.01 |
| SGD/JPY | 100 | 50 | 100'000 SGD | 0.01 | 0.01 |
| TRX/USD | 1 | 360'000 | 1 TRX | 2'500 | 1 |
| TRY/JPY | 10 | 10 | 100'000 TRY | 0.01 | 0.01 |
| USD/CAD | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/CHF | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/CNH | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/CZK | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/DKK | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/HKD | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/HUF | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/ILS | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/JPY | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/MXN | 100 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/NOK | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/PLN | 30 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/RON | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/RUB | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/SEK | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/SGD | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| USD/THB | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/TRY | 10 | 10 | 100'000 USD | 0.01 | 0.01 |
| USD/ZAR | 100 | 50 | 100'000 USD | 0.01 | 0.01 |
| ZAR/JPY | 10 | 50 | 100'000 ZAR | 0.01 | 0.01 |
| XAU/USD | 50 | 10 | 100 oz | 0.01 | 0.01 |
| XAG/USD | 30 | 200 | 100 oz | 0.5 | 0.01 |
| XPD.CMD | 10 | 90 | 1 oz | 1 | 0.1 |
| XPT.CMD | 10 | 315 | 1 oz | 1 | 1 |
| UKGILT.TR/GBP | 30 | 9'340 | 1 CFD | 10 | 1 |
| USTBOND.TR/USD | 30 | 9'740 | 1 CFD | 10 | 1 |
| BUND.TR/EUR | 30 | 7'900 | 1 CFD | 10 | 1 |
| LIGHT.CMD/USD | 20 | 325 | 100 barrels | 1 | 1 |
| BRENT.CMD/USD | 20 | 325 | 100 barrels | 1 | 1 |
| DIESEL.CMD/USD | 20 | 900 | 4 tons | 1 | 1 |
| COCOA.CMD/USD | 30 | 115 | 1 ton | 1 | 1 |
| SUGAR.CMD/USD | 30 | 715 | 1 ton | 10 | 10 |
| SOYBEAN.CMD/USX* | 30 | 111'750 | 1 ton | 400 | 400 |
| OJUICE.CMD/USX* | 30 | 205'000 | 1 lbs | 300 | 20 |
| COTTON.CMD/USX* | 30 | 342'500 | 1 lbs | 600 | 100 |
| COFFEE.CMD/USX* | 30 | 470'000 | 1 lbs | 500 | 10 |
| GAS.CMD/USD | 10 | 2'250 | 100 MMBTU | 10 | 1 |
| COPPER.CMD/USD | 30 | 2'100 | 100 lbs | 20 | 1 |
| NLD.IDX/EUR | 50 | 2'275 | 1 CFD | 20 | 20 |
| EUS.IDX/EUR | 50 | 450 | 1 CFD | 1 | 1 |
| DEU.IDX/EUR | 50 | 125 | 1 CFD | 0.1 | 0.1 |
| FRA.IDX/EUR | 50 | 300 | 1 CFD | 1 | 1 |
| CHE.IDX/CHF | 50 | 175 | 1 CFD | 1 | 1 |
| GBR.IDX/GBP | 50 | 175 | 1 CFD | 1 | 1 |
| JPN.IDX/JPY | 50 | 10'000 | 1 CFD | 1 | 1 |
| USA30.IDX/USD | 50 | 80 | 1 CFD | 0.1 | 0.1 |
| USATECH.IDX/USD | 50 | 325 | 1 CFD | 1 | 1 |
| USA500.IDX/USD | 50 | 700 | 1 CFD | 1 | 1 |
| USC2000.IDX/USD | 50 | 1'300 | 1 CFD | 1 | 1 |
| HKG.IDX/HKD | 10 | 500 | 1 CFD | 0.1 | 0.1 |
| ESP.IDX/EUR | 50 | 150 | 1 CFD | 1 | 1 |
| CHI.IDX/USD | 50 | 140 | 1 CFD | 0.1 | 0.1 |
| SGD.IDX/SGD | 50 | 5'610 | 1 CFD | 10 | 10 |
| DOLLAR.IDX/USD | 50 | 16'000 | 1 CFD | 100 | 100 |
| PLN.IDX/PLN | 50 | 770 | 1 CFD | 1 | 1 |
| AUS.IDX/AUD | 50 | 375 | 1 CFD | 1 | 1 |
| XLM/USD | 5 | 90'000 | 1 XLM | 2'500 | 1 |
| VOL.IDX | 10 | 2'100 | 1 CFD | 10 | 1 |
| SOA.IDX | 50 | 250 | 1 CFD | 1 | 1 |
FX instruments are traded from Sunday 21:00/22:00 GMT till Friday 21:00/22:00 (summer/winter time).
Regular trading sessions for CFD products are indicated on Trading Hours page. In addition, CFD commodities are suspended for trading due to CFD rollover adjustments. For more information, see CFD Monthly Adjustment page.
According to Dukascopy Bank's Fee Schedule, the volume commission rate is determined conditionally and is based on Net Deposit, Equity, and Traded Volume. In addition to the standard volume commission, trading on the MetaTrader 4 and MetaTrader 5 platforms charges $0.5 per 1 MT4 / MT5 lot ($5 per $1 million).
On MT4 accounts, the volume commission is calculated for a round turn transaction and is charged only on opening trades. On the other hand, MT5 commissions are charged separately for each trade: first, at the moment the position is opened, and second, when the position is closed. The volume commission is calculated and converted into the account currency from the primary amount. The volume commission rate in the table below is expressed in US dollars per one US dollar lot (1 lot = 100'000).
| Net Deposit or Equity (in USD equivalent) |
Traded Volume* (in USD equivalent) |
Volume Commission in USD per 1 USD round lot | |
|---|---|---|---|
| Currencies | Metals & CFD | ||
| < 5'000 | < 5 million | 8 | 11.5 |
| ≥5'000 | ≥5 million | 7.6 | 10.9 |
| ≥10'000 | ≥10 million | 7 | 10 |
| ≥25'000 | ≥25 million | 6 | 8.5 |
| ≥50'000 | ≥50 million | 4.6 | 6.4 |
| ≥250'000 | ≥250 million | 4.2 | 5.8 |
| ≥500'000 | ≥500 million | 4 | 5.5 |
| ≥1'000'000 | ≥1 billion | 3.8 | 5.2 |
| ≥2'000'000 | ≥2 billion | 3 | 4 |
| ≥3'000'000 | ≥3 billion | 2 | 2.5 |
*The traded volume is the volume of trades executed over the last 30 days, calculated in USD equivalent.
The account is not charged Maintenance fees during the first 180 calendar days after opening. After the 180th calendar day, Maintenance fees are charged if no trade/open position or no online currency exchange occurs on any account of the client during a period of 180 consecutive calendar days starting from the 180th day after opening. When Maintenance fees apply, they amount to a maximum of CHF 100 per client (regardless the number of accounts) for each period of 180 consecutive calendar days without trade or online currency exchange meaning that they are charged twice a year at the maximum and can be avoided completely. Moreover, upon request, Maintenance fees are refunded but only as cashback of future fees or binaries premiums.
The default leverage for MT4 and MT5 trading accounts is 1:100. The initial margin is calculated at the trade beginning, and the amount of Free and Used Margin on the MetaTrader platforms is updated in real time.
There is a maximum net exposure defined per each trading instrument as specified in the Range of Markets. The maximum net exposure applies independently on a single MetaTrader account level and globally on multiple MetaTrader accounts belonging to the same customer. Note that there can be particular circumstances that lead to situations when a client temporarily exceeds the maximum net exposure.
Stop Loss or Take Profit orders are rejected and pending orders are not resubmitted by the system if the execution of these orders leads to the breach of the maximum net exposure limits.
Dukascopy Bank reserves the right to amend margin requirements and exposure limits at its entire discretion, without prior notice.
Margin Level is an indicator showing the amount of available margin to maintain open positions on the account. It is displayed in percentage in real-time and calculated as follows:
MetaTrader 4 and MetaTrader 5 trading system constantly oversees the Margin Level of all open positions in real-time and automatically liquidates positions when the Margin Level falls below a predefined value.
| Margin Level | Description |
|---|---|
| > 100% | Normal status |
| ≤100% | Margin call: The account is in warning status. |
| ≤50% | Stop Out: The most unprofitable positions are automatically closed until the Margin Level returns above 50% level. |
In order to protect clients from incurring liability above their equity and protect Dukascopy Bank SA from associated risks, the following minimum margin policy applies: The minimum equity requirement for the self-trading account is set to 20 CHF. For accounts with different base currency, the minimum amount of equity is re-calculated each day at the exchange rate of the previous settlement. All open positions may be closed and the account may be blocked, should the equity on the account reach the minimum equity requirement.
Additionally, clients can set their own minimum equity stop loss which defines a level at which all open positions are closed and further trading is blocked. The equity stop can be set via client reports (Trading Settings > Equity Stop Loss).
The overnight policy for MetaTrader accounts is set to the Regular policy applied for FX accounts.
The swap points are calculated automatically at the end of every trading day. For Wednesday to Thursday rollovers, the swap points are tripled. For USD/CAD and USD/TRY swap points are tripled from Thursday to Friday. However, the calculation may differ depending on currency settlement holidays.
Please note that swap-free-accounts are not supported by MT4 / MT5 accounts.
Please beware that on certain calendar days, multiple swaps must be applied and that consequently, your own calculation of applicable swap points may differ from swap points charged or credited to your account. If in doubt, please contact the Trading Support Desk.
Dukascopy Bank provides detailed reports for the client's trading account. The access is online and independent of the platform. The reports are divided into sections, and they provide the client with binding values of their account state in real time. They can also be used for tax declarations:
For manual connections from any MetaTrader platform including MetaTrader 4 for Mac, please connect by any of the following hostnames:
SWFX Sentiment Index is an indicator designed to show long and short ratios in open positions of Dukascopy customers directly in the MetaTrader platforms. The Sentiment Index can indicate the fluctuation of sentiment and keep your finger on the market's pulse. The Sentiment Index measures effective speculative interest in currency pairs and therefore can be used as a contrarian indicator. The indicator is updated every 30 minutes. In order to obtain the indicator, please follow the instructions described on our Wiki.
Please read the following important notices about MetaTrader 4 and MetaTrader 5 trading.
MT4 "Balance" includes deposit, withdrawals and results from closed positions. It does not include trading results and swaps from positions that are still open. Clients must be aware that balance shown in MT4 platform can be misleading. They are not binding values, as the exclusion of open P&L can lead to strong distortions. Particularly in cases with large open exposures, positions with important gains/losses and if hedged positions are held for an extended time-period, the balance can differ substantially from the real account value. Only when all positions are closed and settled does balance fully correspond to the account value shown in reports.
"Equity" corresponds closely to the account value shown in reports; it is used to calculate the account's margin level in percent in the platform and to follow the accounts true value. Within the current trading day it may diverge from the account value seen in reports, this is due to the particular calculation methods that are applied in MT4 systems, any such difference is eliminated at the end of day settlement.
The "Balance" in MT5 refers to opening position fees, withdrawals, deposits, and closed position outcomes. Trading results and swaps from open positions are not included.
It's important to know that the displayed balance in MT5 can be misleading. This balance isn't final because it excludes profits or losses from ongoing deals. Especially with big open deals, significant gains or losses, or holding hedged positions for long, the balance can be very different from the actual account value until all deals are closed and settled.
"Equity" closely reflects the account value in reports. It's used to calculate the account's margin level on the platform and to track the real account value. During the trading day, it might differ from the reported account value due to specific calculation methods in MT5 systems. However, any differences get resolved at the end of the day's settlement.
Positions that are hedged on MetaTrader platform, are evaluated separately based on the ask and bid prices (Short positions are evaluated using the Ask price, Long positions using the Bid price). They affect the open P/L. Swap points apply to both Long and Short positions, impacting the client's equity. As a result of spread widening and/or booking of daily swaps, a margin call or margin cut may occur on the account. While Dukascopy Bank allows its clients to hold hedge positions on the MT4 and MT5 platforms, it draws their attention to the costs and risks associated with such hedged positions.
MetaTrader accounts have a specific settlement procedure in regards to positions closed during the trading day. Unlike the usual settlement procedure of Dukascopy Bank where the final P/L of positions closed during the trading day is determined and known at settlement time only, MetaTrader 4 and MetaTrader 5 calculate the final P/L of position at their closure. In order to avoid discrepancies, Reports align on the functioning of MetaTrader platform on this particular point. The valuation of open positions is done according to the standard settlement procedure of Dukascopy Bank. They are valuated using settlement rates and converted into the account currency as shown in Reports.
In case of stop and market orders, the requested price is not guaranteed. Orders are executed at the first available price at execution time; slippage can occur when the requested price is not available. In case of large price movement, slippage may be substantial. Entry orders may be rejected without resubmission if the result would be an execution with excessive slippage.
If an order is rejected for any reason (lack of liquidity, off-market price, or maximum net exposure), the MT4 / MT5 platform shows the following message — [Trading is disabled].
Partial execution may occur on both opening and closing orders due to low liquidity or when the maximum net exposure on the instrument is reached. When an order is closed partially on the MT4 account a new order ticket is created automatically with the remaining amount of the order and the same levels of Stop Loss and Take Profit, if any. Please note that the comment field is overridden on both the original and the child order. In cases of partial fills, MT5 position tickets remain unchanged due to their different structure. When a position is partially closed, MT5 generates a separate order number that defines the closed amount within the original position, all while preserving the same position ticket.
Note that Dukascopy is not supporting Close By functionality due to technical limitations.
There is no automatic over-the-weekend leverage reduction applied before the weekend like on standard FX accounts. Clients willing to reduce the exposure before the weekend, should close and adjust positions manually.
The password reset feature in the MetaTrader platform is disabled for both master and investor (read-only) passwords. To reset the master or investor(read-only) password, go to the Security section of Online Reports.
The MT4 / MT5 server time is set to GMT+3/GMT+2 (summer/winter time) to match the end of trading day in the US trading day (New York 5 p.m. EST). As a result, when trading ends in New York at 5 p.m., the daily candle closes in MT4 / MT5. This is also the time at which swaps are applied to open positions.
The MT4 / MT5 platform only allows opening a hedge position if the free margin becomes non-negative after opening the position.
Note that CFD dividends and adjustments are carried out as balance operations (deposit/withdrawal) and can be seen in Account History of the platform and MT4 / MT5 Statement of Online Reports.
Trading on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the Use of Leverage at normal levels. The client must always keep in mind that leverage increases potential loss, as well as potential profit, and invested funds can quickly suffer losses in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining sufficient margin in relation to the existing positions.
Entering in CFD trading is speculative and may result in a substantial loss, which may exceed your entire investment. The potential loss may theoretically be unlimited.