www.dukascopy.com
Welcome to Dukascopy Bank
through the FX market
Table of Contents
About Us......................................04 Mission & Values...........................05 Advantages of ECN-Marketplace.......06 Trading Platforms...........................08 Some Important Features................09 Philosophy of Transparency.............10 Account Types...............................12 Institutional Services.....................13
About Us
D
ukascopy Bank is one of the leaders in the foreign exchange
During years of presence in the brokerage market, the
industry, specialized in Spot Forex. The Swiss Company was
popularity of the company has been significantly increasing
founded in 2004, to fulfill market need for advanced technological
among individual and institutional clients. Our customers
trading solutions to traders.
fully rely on Dukascopy Bank’s unique execution quality. Furthermore, Dukascopy Bank has expanded its services to
Dukascopy Bank is based in Geneva, Switzerland. Host to multiple
offering market information via Dukascopy Forex Online TV.
international organizations, Geneva is home to people and cultures from around the world. Stability, security and high FX
Dukascopy Bank continues to follow its primary chosen
regulatory standards of the country fit perfectly with Dukascopy
business model (ECN) and constantly develops its relations with
Bank’s culture. Dukascopy Bank is supervised by the Swiss
banks and financial institutions to create the world’s biggest
Financial Market Supervisory Authority (FINMA), institution that is
liquidity aggregator. Simultaneously, the services of the bank
charged with preserving and the strengthening public confidence
become accessible for large private and institutional clients, as
in the security and integrity of financial centre. Furthermore, the
well for clients who trade with smaller account sizes. Thanks to
Bank is audited by KPMG, one of the world's leading auditors.
the banking security of the Swiss regulated banks, the clients’ accounts of Dukascopy Bank are guaranteed up to 100,000
Today, Dukascopy Bank is an innovative Swiss based bank offering a unique combination of technological and Forex aptitude. The People of Dukascopy are driven by one goal and purpose: to continue shaping the most advantageous and transparent Forex
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trading environment imaginable for the benefit of its clients.
Swiss francs.
Mission & Values
Mission Dukascopy Bank’s mission is to strive continuously to be the leader of the Forex Industry and to be recognized for its fairness and transparency. In current complex and fast changing environment, the bank believes that the Forex market seeks an honest trading approach.
Values Excellence in Technology
Clients’ Relationship
Dukascopy Bank’s main resources are dedicated to IT Research and Development. Thanks to its employees, the bank is able to provide its partners with the most advanced in-house technology.
Dukascopy Bank’s products are developed based on client’s requirements. Understanding client needs is the priority. Dukascopy Bank meets clients’ expectations in accordance with the Swiss Banking Tradition.
Liquidity and Execution
Transparency
Dukascopy Bank delivers to its clients a unique execution solution. Its target is to provide the clients with the deepest source of liquidity by integrating the world’s leading foreign exchange Banks and ECNs. Each client gets equal rights to consume and to provide liquidity.
In the near future, transparency will be the key element of the Forex market. Dukascopy Bank has concentrated its efforts to make sure the price feed, historic data and liquidity are transparent and equal for all clients.
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Advantages of the ECN-Marketplace
Principles Dukascopy Bank offers a unique and transparent Forex Trading Solution based on two main principles. These two values are the core of the ECN-Marketplace technology:
Equal Trading Rights
Transparent Pricing Environment
All clients have equal possibilities to provide and consume liquidity within the ECN - Marketplace;
All clients have access to the same liquidity. Each and every client has the same datafeed.
Advantages This ECN – Marketplace represents the advanced generation of liquidity aggregator in the industry. Whilst creating its unique trading environment, Dukascopy Bank has developed the following features:
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Execution
Low Spreads
Dukascopy Bank has a unique technology to hedge instantly any clients’ trades directly with other Liquidity Providers. Dukascopy Bank is currently connected to Bank Of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, UBS, Goldman Sachs, Citibank, BNP Paribas, HSBC Bank, HotstpotFXI, EBS, Lava - FX All, Morgan Stanley and other liquidity providers. All trades are usually executed in milliseconds.
Dukascopy Bank has integrated liquidity of the world’s leading foreign exchange banks and ECNs. Thanks to these numerous banks and service providers, Dukascopy Bank offers the deepest source of liquidity in the industry resulting in tight spreads.
ECN Liquidity
Liquidity Providing
The integration of the world’s major banks allows Dukascopy
Each client can place bids/offers in the market. The place bid/ask type orders allow users to act as liquidity providers by placing individual bids and offers right into the market. Bids/Offers are very similar to limit orders and are used to buy or sell a currency at a specified price or better. In addition to limit orders, Bids/Offers have several advantages. As all Bids/Offers are placed directly in the market, they can be taken by other liquidity consumers, thus allowing a trader to avoid a spread cost. Additionally, users can specify the time period (Good Till Canceled/Good For/Good Till) allowed for the system to process the order. All together, these features make Bids/Offers valuable tools for intraday trading.
Bank to execute large orders, which can instantly be hedged within the Liquidity Providers’ network. For example, clients could trade in one click up to 200 million USD.
Market Depth Dukascopy Bank gives the opportunity to all clients to access the market depth monitor. This tool provides the traders with information about the market structure for each currency pair. This data allows participants to anticipate the full execution before placing their order.
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Trading Platforms
D
ukascopy has developed 4 different trading solutions allowing clients to trade from anywhere. The platforms are designed to deliver ability to act and react quickly under different market situations. Panes are organized in such a way that users can easily monitor the market, current exposure, manage their orders and positions, follow the evolution of their equity, leverage and performance. All platforms support a wide range of trading orders, such as: Market, Limit, Stop, Take Profit, Stop Loss, Stop Limit, Trailing Stop, Place Bid/Offer, OCO, IFD etc. “Slippage Control” functionality, allows to control maximum price slippage on execution.
Functionality Slippage control Place BID/Place OFFER orders Hedging support “Net Position” mode Technical analysis tools News and analytics tools Market Alerts Communication tools Automated trading (strategies builder) Multi-lingual interface Customized settings Frequency of updates set-up Trailing Stop Orders One-click Mode
Yes Yes Yes Yes Yes Yes Yes Yes No Yes Yes No Yes Yes
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes Yes
Yes Yes Yes No Yes Yes No No No No No Yes Yes Yes
Forex Trading Platforms
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Optimized for manual trading
Detail monitoring interface
Add on technical analysis
Auto trading
API for strategies and indicators
Historical tester - build in charts
Access anywhere
Live, secure connection with server
Integration Dukascopy TV and others
Optimized quick access
Low technical requirements
Multiple language interface
Yes Yes Yes No Yes Yes Yes Yes No Yes Yes Yes Yes Yes
Some Important Features
01 Different Operation Systems Support The automated strategies and manual trading can be executed in any operating system (Windows, Linux, Mac, etc.).
02 Automated Strategy Visualization Execution of strategies can be visualized during real-time trading and historic back testing on Jforex platform.
03 Automated Strategies Based
on Multiple Currency Pairs Traders can develop their strategies based on multiple currency pairs. They can also run a historical back test for the selected multiple pairs within one trading strategy.
04 Historic Back Tests Using Real Tick Data In contrast with other automated FX solutions providers in which results of test are not usually very accurate, due to the use of data interpolation instead of the real tick data, JForex offers a real tick data for a historical back test.
05 Up to 180 Trading Indicators Up to 180 trading indicators are implemented into JForex, all of them are available to automated FX strategies.
06 Java IDEs (Integrated Development
Environment) support Jforex professional traders can take full advantage of the different Java IDEs (Integrated Development Environment) available for JForex strategies implementation.
07 Merge If clients have two positions (long and short) for the same instrument, they may use the "Merge" function. No volume commission will be charged for merging positions as there is no trade involved.
08 Equity Protection for Self Traders Self trader can set up a stop loss level on their equity. This functionality allows traders to protect themselves against any uncontrolled scenario.
09 Equity Protection for Managed Clients External Managers can offer extra protection to their clients via a capital protection (Stop loss) feature, which involves each client upon account activation. Managed clients can set up an equity protection level (Stop loss) during account activation. This unique feature provides clients with more control over their own accounts while the maximum risk assumed is set.
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Philosophy of Transparency
A
t Dukascopy Bank, transparency is part of its culture. The bank realizes the enormous importance of obtaining full
transparency on the following features.
03 Transparent Liquidity Transparency in regards to market-liquidity is indeed an essential feature for any serious market participant as it clearly shows, whether the sufficient volume of liquidity is available at the moment. Dukascopy Bank ECN model provides a clear view
01 Transparent Price Feed
of the market through its unique market-depth window.
Dukascopy Bank combines the individual bids and offers of all Swiss Forex Marketplace participants in one place, providing one transparent price feed for everyone without exception. All Dukascopy Bank’s clients receive the same price feed regardless of account size or trading strategy.
04 Transparent Choice of Custodian Dukascopy Bank’s clients can benefit from full and transparent choices of custodian solution with numerous Swiss Banks which allows flexibility regarding collateral deposit. Under this banking program, the clients can trade directly with
02 Transparent Historical Data Historic Data Transparency is an essential point for trading strategy development. Dukascopy Bank provides the true historic price feed for a strategy development and back-testing, with access to high quality tick-by-tick quotes. Such environment guarantees a high accuracy of a back-test and excludes any
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possibility for a price manipulation by Dukascopy Bank.
Dukascopy Bank while keeping their capital at the bank of their choice.
05 Transparency in Regards to
Externally Managed Accounts
06 Transparent Instant Reporting Dukascopy Bank provides real time access to balance, equity and P&L,
Dukascopy Bank maintains a full transparency and a comfortable
as well as back-office features for generation of a full set of account
level of control when clients grant a mandate to an external
statements and reporting. Required information is easily available
manager. View mode access to the account assures that all
online at any time and allows reports within a specified date-range.
transactions and performances of the manager can be followed in real time. Additional protection is offered by setting up the acceptable risk level which works like a stop loss function resulting in immediate account deactivation when stop loss level is reached.
07 Cross Language Transparency
of Programming Dukascopy Bank aims to support the different programming languages used in the IT industry. Automatic translation via builtin convertor enables programming of the trading strategies based on multiple languages, such as JForex, MT4, MT5, etc.
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Account Types
D
ukascopy Bank sets up trading accounts for private clients as for the institutional ones. Accounts could be opened in seven basic
currencies – USD, CHF, EUR, GBP, JPY, CAD, and AUD. Various forms of account’s financing are also available (including bank
guarantee, custodian services, etc.).
Currency Margin Trading Accounts Account Type
Retail
Standard
FIX API
Custodian
VIP
Financing
Minimal Deposit USD 1’000 USD 50’000 USD 100’000 USD 250’000 USD 500’000 USD
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Individuals
yes
yes
yes
yes
yes
Institutions
—
yes
yes
yes
yes
Bank Guarantee
— —
— —
yes —
yes yes
yes yes
Segregated Account
Institutional Services
External Manager
Swiss Custodian Bank Account
Dukascopy Bank offers a sophisticated reporting and a wide range of risk management tools. This technology allows integration of unlimited number of accounts - trade for all accounts with one click. This is a perfect solution for money managers or hedge funds to offer more transparency to their clients.
Dukascopy Bank provides its clients with the facility to trade from any other Swiss Bank. The clients may trade with Dukascopy Bank while the collateral deposits are maintained with their own banks. The Profit and Loss is settled daily.
White Label Solution Benefits: Trading on clients multi currency accounts from one ü master account ü Immediate and automated trade allocation
The Dukascopy Bank ECN White Label program allows Banks, Brokerage Firms and regulated financial institutions a simple integration of spot FX online trading as an addition to other online products. This solution allows the partner to reinforce its revenues, service offering, reputation and brand name.
Individual clients stop loss level (equity protection) ü Accounts activation/deactivation done by clients ü directly online
Benefits:
ü Full transparency on reports
ü Attractive income sharing plan
ü Interactive functionality to accept/refuse new managed clients
ü No IT development cost and equipment maintenance expenses
ü Possibility to add/remove funds without interrupting trading
ü Fully customized Dukascopy Bank trading platform
ü Performance fee calculation functionality
ü 24/6 support back up
ü Complete back office facilities
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Dukascopy Bank SA Route de PrĂŠ-Bois 20, ICC 1215 Geneva 15, Switzerland Tel: +41 (0) 22 799 4888 Fax: +41 (0) 22 799 4880 e-mail: info@dukascopy.com
www.dukascopy.com This brochure is intended only for Forex professional investors and financial institutions authorized to establish Business-to-Business relationships with Dukascopy Bank. Other persons should not act upon this brochure. Engaging in Forex involves significant risks of losing part or all of the investment. If in doubt about engaging in Forex trading and/or establishing business relationships with Dukascopy Bank one should consult a qualified advisor.