Is Dukascopy a Scam?
Dukacopy is a Swiss company that provides forex trading and they are one of the most important brokers in the world of trading in general. They were the best providers of liquidity in 2017 and they had the best trading platform in 2016. In this Is Dukascopy a Scam article we decided to test them in order to see if they are really that good. Read our unbiased analysis and find out all you need to know!
Is Dukascopy a Scam? | Regulation
When the safety is subject, there are several parameters one should constantly keep in mind. For example, you always have to check out the rules of monetary transactions and whether they are secure or not. But, before discussing the monetary transaction rules we’d like to say a few words on another very important mater – regulation. Only if a broker is regulated you can be absolutely sure that it’s completely safe to trade with them.
When it comes to Dukascopy, the company is regulated by the Financial and Capital Market Commission (FCMC). Besides that, as already mentioned in our Dukascopy Review 2018, the broker has signed, along other Swiss banks and securities dealers’, a particular agreement regarding deposits protection, which means that clients’ deposits are fully protected. In the next paragraph of our Is Dukascopy a Scam? analysis you can check out what money transferring options this broker offers. Stay with us!
Is Dukascopy a Scam? | Money Transfers
Monetary transactions are the most important part of every trading process. First of all, you need to make your first transaction (deposit) in order to make an account, and when you earn some money, you can always withdraw it. Since these transactions are important, you want to know that the broker provides you with the safest environment possible. Luckily, that’s exactly what Dukascopy does.
The company offers two safe ways you can fund your account – bank wire and credit/debit cards. When it comes to credit and debit cards, you can choose between Maestro, Visa Electron MasterCard and Visa. These are pretty much crucial cards one can use in transfers. We’ve tried both ways and we can say that they work perfectly. We’d also like to point out that the way used for deposit must be used for withdrawal as well. Also, the company has many currencies you can choose between: USD, EUR, NZD and so on, which is also a sign of a legit broker.
Is Dukascopy a Scam? | Conclusion
In the conclusion of our Is Dukascopy a Scam? article we’d like to underline all the essential facts which were already mentioned. Let’s start with the basics, that is – regulation. As you’ve read, the company is regulated by the Financial and Capital Market Commission so you have absolutely nothing to worry about. They are completely secure to trade with and they provide you safest trading environment possible. The same goes for the monetary transfers. You can choose between wire transfer and credit/ debit cards, and all of those ways function just fine. Open an account with Dukascopy and take the money now!
Hello! I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work.
After a few years, I moved to London School of Business and Finance to continue pursuing my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living. Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com.
The website is still going strong, and we have analyzed hundreds of brokers from all trading fields so far and helped hundreds of readers make the right choice. We also publish trading signals on a regular basis, which have proven to be accurate about 80% of the time!
And since the online trading industry is only growing, with cryptocurrencies and other similar products entering the fray, I am incredibly excited about what the next few years have in store for us. In short, if you want advice from a passionate trader, you’ve come to the right place!