Ducascopy Forex Review

Ducascopy Swiss FX Group ventured into the trading market in the year 1998 and has also been operating online trading since then. It has his office in Switzerland and is regulated by FINMA a government regulating authority in Switzerland. They do not entertain traders from United States to trade with them. It is considered to be one of the best forex brokers as it has the liquidity of the marketplace as well as it has partnered many banks. Their payment methods include only credit cards, debit cards and wire transfer. With limited payment options the deposit and withdrawal of money may not be very smooth. They offer 22 currency pairs to trade in and it includes all the major pairs. However, they allow a range of currencies in your account which include Australian Dollar, Canadian Dollar, Euro, Great Britain Pound, Japanese Yen, Singapore Dollar, Swiss Franc and United States Dollar.

The trading platform offered by Ducascopy includes Meta Trader 4, JForex, Dukascopy Java Platform. However, for demo account Meta Trader 4 is not available. Meta Trader 4 is available for live trading and is also one of the most common trading platforms offered by many brokers. The Dukascopy Java Platform is the downloadable platform which allows manual trading whereas JForex allows automated trading. They allow mobile trading platform as well for their customers. The company also conducts many trading contest which is the most skilled trader or the one who wins the contest gets a Cartier Watch. Their website is available in 7 languages and contains important information. The customer support service is also very good and is available in 6 languages. The support staffs are well trained to handle any query and are very responsive and friendly. The service is available through email, call back, office, phone and Skype.

Reviews posted online are the voice of the customers who are using the products. Reviews of brokers can help trader decide the broker he wants to go for. Ducascopy is a well-known forex broker which has thousands of happy customers. Most of them like its trading platform which is very easy to use and has a user friendly interface. They also like the fact that they allow 8 different currencies in their account. The company offers trading contest and the winner gets a Cartier watch. This is like by some while other find it of no use. Their customer service is also liked by its users which is available 6 days a week. However, there are a few cons like they do not offer live chat option for customer support service. The payment options are very few in numbers and do not include PayPal.  The minimum amount required to open an account with them is $500 and the minimum position size is 0.01 Lot. The other drawback is that they offer only forex trading and no other trading instruments. However, the company has overall positive reviews and the average rating given to its 5.8 out of 10.

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