Switch your accounts to Dukascopy
- Thread starter Gcapman
- Start date
Yes they do, the Swiss law got changed so that every fx dealer needs a banking license. If it gets denied for whatever reason, they have to close down or go to a jurisdiction with less strict regulation. They are somewhat in the limbo, legally speaking, at the moment.
Note that senior management in a bank is required to pass the 'fit and proper' test. For a bank, there are additional requirements above and beyond minimum capitalization.
Before that law was passed, fx wasn't really regulated at all in Switzerland, that was the reason why a lot of not-so-sincere shops set up there in the past. As did Dukas.
Note that senior management in a bank is required to pass the 'fit and proper' test. For a bank, there are additional requirements above and beyond minimum capitalization.
Before that law was passed, fx wasn't really regulated at all in Switzerland, that was the reason why a lot of not-so-sincere shops set up there in the past. As did Dukas.
Your series of defensive posts on their behalf in this thread is sounding an awful lot like you have an interest in the company... Switch your accounts to Dukascopy ... www.XYZ.com
I am sure they are capable of advertising themselves without your needing to sound somewhat shill-like. Thanks for your effusive praise of them, but it is time to go.
They are one of many forex companies. Nothing less, nothing more. The fact they lowered their standards is a negative, not a positive.
Hmmm..i am thinking the same why did they do that? Doesn't sound right.
----------------------------------------------------------------------------------------
To be honest, I preferred when they had their $50k account minimum. Continuing to lower minimums to scrape for the smallest traders out there seems counter to their initial focus. For a broker that once proudly proclaimed "100M Per Click" to now state "The minimum margin requirement is 100 CHF" is quite a change. Basically, they poured all this marketing effort into becoming a serious institutional contender, to now compete with every other retail shop.
----------------------------------------------------------------------------------------
To be honest, I preferred when they had their $50k account minimum. Continuing to lower minimums to scrape for the smallest traders out there seems counter to their initial focus. For a broker that once proudly proclaimed "100M Per Click" to now state "The minimum margin requirement is 100 CHF" is quite a change. Basically, they poured all this marketing effort into becoming a serious institutional contender, to now compete with every other retail shop.
Not sure, but "duka space", "duka wave", and the legendary "duka particle" appear to be original concepts. John Paulson has nothing on these masterminds.
http://web.archive.org/web/20010419110925/http://dukascopy.com/
Their commissions are too high if you deposit less than $50K.
If you lose and your equity begins to shrink, the commission keeps growing. Very fair..
http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/commission-policy/
You get much better commission rates with IB
If you lose and your equity begins to shrink, the commission keeps growing. Very fair..
http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/commission-policy/
You get much better commission rates with IB
Quote from pescador:
Their commissions are too high if you deposit less than $50K.
If you lose and your equity begins to shrink, the commission keeps growing. Very fair..
http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/commission-policy/
You get much better commission rates with IB
if you do a little research you can find a 45% commission rebate
