Dukascopy Managed Forex Account Review

Dukascopy is a CFD and Forex broker with multiple options for investors and traders. Additionally, they offer banking services of interest to FX retail and institutional traders, e-banking and credit cards.

In this review, we will focus only on the managed account service provided by Dukascopy, detailing their products and services and the overall customer experience based on clients feedback. More info here www.acorn2oak-fx.com/managedforexaccounts.html

Dukascopy Overview

Dukascopy is part of Dukascopy Group, a Swiss financial company founded in 1988. Dukascopy Group includes several divisions and has offices worldwide, including Riga, Kiev, Tokyo and Hong Kong. The headquarters are in Geneva, Switzerland.

Dukascopy offers a wide range of product and services. Qualified clients can open several types of accounts.

► Forex/Standard accounts – clients with Forex/Standard accounts can trade FX and CFDs using the JForex platform. They can benefit from equal liquidity for all, accounts in 23 currencies and floating costs based on account size and activity.

► MT4 accounts – these accounts have a limitation on FX pairs with leverage 1:100. Clients benefit from trailing stops, hedging and the use of EAs

► Bank accounts – these are standard (web-based) and mobile e-banking solution for traders. The account comes with a six-month no-fee period for FX, CFD and Binary Options.

► Gold accounts – clients can open an account and deposit physical gold. The account has a 1% annual maintenance fee.

► Managed accounts – technical solution enabling clients to choose a trader on their account.

Regulations & Licenses

Dukascopy has several international license and registrations. The company complies with Swiss FINMA, ESMA, the European Securities and Markets Authority, CySEC and Japan’s FCA. Dukascopy Bank signifies The Convention of Swiss Banks and Securities Dealers on the Insurance of Deposits.

Dukascopy Managed Forex Account Service Review

Investors who have signed up with Dukascopy but do not want to trade themselves can take advantage of Managed Forex Account service. They can appoint a professional trader to trade on their behalf. To assist them in the selection process, Dukascopy has created a unique environment and the following conditions:

► Selection of a wide range of currencies – USD, CHF, EUR, GBP, JPY, AUD, CAD, DKK, ZAR, MXN, NOK, NZD, PLN, RUB, CNH, SEK, SGD, TRY and HKD

► Choice of funding facilities and depository institutions, including Dukascopy Bank itself.

► Immediate Trading Deactivation feature that enables them to block trading on their managed account at any time

► Stop-loss level feature that allows investors to control the risk of loss. They can block the trader’s activity above the drawdown level.

► 24/7 access to monitor the activities on the account online

Dukascopy Managed Forex Account Fees Review

Dukascopy applies a volume commission rate that may amount to a maximum of USD 100 per USD 1 million traded.

Dukascopy Performance Results Review

Dukascopy has over 20 demo and real accounts in myfxbook to illustrate their trading strategies. The first accounts were registered in 2019. They vary according to the type of trading (manual, automated and mixed), leverage (between 1:25 and 1:500).

Most of the accounts have a positive balance with an overall gain of up to 134.38%. However, some accounts have negative results, down to -19.93% overall. The drawdown levels vary, too, from 1.61 to 54.24.

Dukascopy Customer Feedback

Dukascopy has many comments on its myfxbook account main page. They are provided by both professional traders and investors. It is clear that the company is enjoying strong support from the trading community, and despite the few negative comments, it is generally a preferable partner.

Conclusion

The information in this review is solely based on the information provided by Dukascopy on their website. From all services the company is providing, Managed Forex Account isn’t the most popular. However, the company’s strong reputation and many years of experience indeed speak well about their services and products.

Pros:

► Strong reputation

► Many years of experience

► Regulated by international jurisdictions

Cons:

► Too many products and services presented on the website that can be confusing for potential clients

► Doesn’t mention anything about trading strategies