Already trading with us? Join Miss Dukascopy contest and express yourself, your abilities, and talents! You hereby agree that your demo account information will be shared with such representatives allowed to take contact with you. You hereby waive the benefit of Swiss banking secrecy in this respect towards the above mentioned persons and entities.
Confidentiality of your personal data will be ensured throughout the group, regardless of the location of specific group units. The list of partner states can be found at https: Each year, account information of the preceding year is collected and reported for all concerned accounts.
However, the reporting obligation does not concern only the account holder but also the beneficial owner s or the controlling person s. In particular, you have the right to request which information has been collected about you for reporting to the FTA. Moreover, you are entitled to request that incorrect data about you in Dukascopy Bank systems be corrected.
You have the right to access information and to request that incorrect data about you resulting from errors in the reporting process be corrected.
For the rest we refer to the article 25a of the Federal Act on Administrative Procedure. Dukascopy Bank is, like all banks and securities dealers in Switzerland, mandatory signatory of the "Swiss banks and securities dealers' agreement regarding deposits protection".
Deposit Protection is explained in details here. Opening an account with Dukascopy Bank is easy, fast and paperless.
Then you will receive further guidance by email for identifying yourself and accepting contracts online. If you use video-identification you can normally open your account and start to trade within same day. Individuals wishing to open a joint account and legal entities: They also need to prove their residential address by sending us a simple copy of a utility bill.
Once the online application, identification and contract acceptance have been completed, we check your account application and open your account if all is fine. At opening of your account you receive transfer instructions. No, account opening documents are only to be accepted online by simple clicks, unless you want to open a joint account or an account for a legal entity. Should you have any questions or difficulties in providing certified copies, please contact your Relationship Manager at Dukascopy Bank.
You may fund your account through wire transfer, debit cards Maestro, Visa Electron , credit cards MasterCard, Visa , and bank guarantees but we do not accept cheques and bank notes.
Please find more information under the Funding facilities section of the website. Login and temporary password are sent to new clients via email during the day in which the account has been activated. The PIN code is sent via SMS on the registered mobile number after temporary password as changed to the permanent one. The combination of internal and external liquidity providers allows clients to benefit from narrow spreads and deep liquidity.
Also, to date, trades on binary options cannot be hedged. Dukascopy Bank hedges clients trades fully, partially or not in accordance with its hedging technology, needs and banking regulation.
Dukascopy Bank cannot guarantee that no conflict of interest may exist. However, clients of Dukascopy Bank are protected against unfair trading practices by the following protections:. If the order price condition corresponds to the current market price then the order is executed immediately. In such case the order will be executed immediately. A stop order is a pending order to buy or sell an instrument once the price of this instrument reaches a specified price, known as the stop price.
When the stop price is reached, the stop order becomes a market order. A buy stop order is always placed above the current market price, while a sell stop order is placed below.
Stop orders can be triggered either by the ask or by the bid price, thus giving traders more flexibility in execution control. If any slippage value is indicated by the trader, the stop order becomes a stop limit order. That is, if the stop order fails to execute within the specified slippage range, the order is automatically transformed into a limit order.
A limit order is a pending order to buy or sell an instrument at a specified level or better. A buy limit order can only be executed at the limit price or lower and triggered by the ask side, and a sell limit order can only be executed at the limit price or higher and triggered by the bid side. Limit orders may fail to execute because the market price may quickly bounce back from the limit price before your order can be filled.
Dukascopy Bank is ready to help at any open market time. A complete fee schedule is available on our website. Current overnight swaps rates can be found here. Dukascopy Bank applies different rollover rates to ensure that higher trading turnover for a client results in better overnight conditions. The more you trade the better rollovers will be on your trading account. Dukascopy Bank Group Offices: More info about platform: Concerned accounts are those held by natural persons or entities which are tax resident in a country with which Switzerland has signed an agreement on AEOI partner state.
In the case of accounts held by entities, under certain circumstances, the duty to report may concern also the person s controlling the entities. After receiving this information, the FTA transfers it to the tax authority of the partner state s in which the concerned individual or entity has tax residence. If an individual or entity has tax residence in several partner states, FTA will communicate account information to each of these states. When account information will start to be collected and reported?
There is no retroactive effect. For each partner state, account information will start to be collected from the date of entry in force of the agreement between Switzerland and this state. The first reporting will be done one year after the entry in force of the agreement and will concern data of the preceding year year during which the agreement entered into force.
Therefore, Dukascopy Bank will report account information as of 31 st December or at the date of account closure if such closure happened during the year The date of entry in force of the agreements between Switzerland and the partner states can be found at https: No, AEOI is not retroactive.
Account information for the years preceding the entry in force of the agreement between Switzerland and a partner state will not be reported. The reported information may only be used for handling or supervising taxation in the partner state which receives it. Partner states must treat the information as confidential and are not allowed to forward it to any other state. Are private clients allowed to open an account with Dukascopy Bank? Dukascopy Bank welcomes all types of clients: Do I need to send the original papers of the account opening documentation to Dukascopy Bank?
If Dukascopy Bank requires me to provide an original certified copy of an identification document, how can I get such certified document? Commissioner for oaths e. The list above is not exhaustive; feel free to contact us for further information relating to your country, especially if you encounter difficulties in getting certification.
Dukascopy Bank may refuse certification at its own discretion, do not hesitate to consult your Relationship Manager beforehand. The certification should contain: The photocopy and picture must be clearly readable. Are there any market making activities on the SWFX? Are my trading orders going to the interbank market? Can Dukascopy Bank be the counterparty of my trades?
However, clients of Dukascopy Bank are protected against unfair trading practices by the following protections: On the SWFX ECN, all traders receive the same price feed and same execution quality whatever the size of their trades; The fast execution of trading orders and absence of dealing desk exclude any human intervention in the execution process.
The execution of orders is made automatically by the SWFX trading system as soon as conditions prices, maximum slippage, etc.
All order executions or rejections are verifiable and may be explained a posteriori based on objective data; History of all tick prices are publicly available for verification of order execution. An ECN trading environment is generally defined by the addition of the following attributes: Access to the SWFX ensures that all clients are trading on the same price feed and liquidity independently of the size and type of account.
Our negative answer means that all trading orders are executed fully automatically by the trading system. In case a client places an order by phone, the order is entered manually into the trading system by the Trading Support Desk for automated execution. The 'Stop Loss Level' function provides traders with possibility to automatically close all positions beyond a certain drawdown level of equity. The function is located in the Portfolio section of the trading platform or in the client reports area.
All open positions will be closed, all pending orders will be cancelled and trading blocked if the equity on the account becomes equal to or less than the 'Stop Loss Level' set by the client. Please beware that equity on the account after the closing of all open positions might be lower than the 'Stop Loss Level', depending on market conditions. The trading platforms give traders the option to limit or fully exclude slippage on all market orders.
Please beware that decreasing tolerance to slippage increases probability of order rejects. Dukascopy Bank guarantees the execution of Stop Loss orders. However, during fast markets or gaps, there is a risk of large slippage. Can I place orders using email, internal "chat with the broker" or through Skype with your support desk? Market order is an order to buy or sell an instrument at current market price. Market orders are executed according to bids and offers available in the market depth, which indicates volumes available for each price level.
When a trade is placed at market and the order amount is larger than the volume available at the price displayed on the platform best available price , the execution of the remaining amount is split according to next levels of the market depth.
For market orders, a maximum slippage value is applied by default unless a slippage value is set by the trader. Should the market price slip more than the specified level, the market order will be automatically rejected without further resubmission.
Stop Order A stop order is a pending order to buy or sell an instrument once the price of this instrument reaches a specified price, known as the stop price.More...