Dukascopy Swiss Forex Bank and Marketplace
Trading foreign exchange is one way for being rich in these recent years. Many people run this business for wealth. If you take this business, you will need a forex broker and a bank to help you run this business. There is a forex broker company and bank named Dukascopy which is for active traders, hedge funds, banks and professionals. At Dukascopy Bank SA, you can trade spot Forex and bullions (precious metals) and run them through the same platforms. Dukascopy Bank has a shareholder capital of CHF 22 000 000 and provides trading services based on the main principles.
There are the equal trading rights where all clients have equal possibilities to provide and consume liquidity within the trading environment (marketplace business model) and transparent pricing environment where all clients have access to the same liquidity at equal prices through a single datafeed. Its unique trading environment and providing professional Forex trading services Dukascopy Bank has chosen some priorities. There are security of the funds, ECN liquidity (100 – 200 mio on Majors), wide range of trading orders (including stop-loss and limit), instant execution, no price and execution manipulations, equal prices and liquidity for all clients, advanced trading technologies, 24/6 phone trading support, access to sophisticated analytics and news, and technological stability
The Dukascopy Bank trading platforms provide access to Swiss Forex Marketplace (SWFX). Those platforms are designed to deliver ability to act and react quickly under different market situations. Moreover, 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 the 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. Then, there are two trading modes available on the platforms. They are Net Position and Hedging mode. The hedging mode allows the trader to keep different direction positions for the same trading instrument, with possibility to merge them. Besides, the net position mode displays all orders for the same currency pair in one position. One of its platforms, JForex platform, is recommended for manual and/or automated trading.
This platform is designed for traders who are interested in automated trading and/or developing and testing trading strategies based on the JAVA programming language. Its main functionality and interface of the platform are similar to those of Java platforms. It is a built-in cross-platform interface for execution of custom strategies and programming code provided. There are also integrated technical analysis tools which allow following positions directly from charts. Then, the Java platform is designed for manual trading. This is organized to simultaneously display all necessary trading information without switching between different windows. In addition, the forex traders can benefit from various technical analysis and market research tools integrated into the platform. Moreover, the instant communication with live trading support team and alerts set up are also available.
The web platform which is the interface and technical requirements of the platform are optimized in order to meet the needs of all traders, regardless of trading conditions and technical limitations. The traders can customize frequency of updates for quotes and market depth level depending on his PC and network parameters. The platform provides all main functionality of order execution and position management at once. Some important supporting tools like market research tools, instant communication and multi-lingual interface are also available.
Then, there is Swiss Forex Trader for iPhone/iPad which replicates all the main features of the Dukascopy Bank trading platforms. This application also supports Edge/3G/Wi-Fi connection types with an automatic connection control system that adapts data flow size depending on the connection speed.
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