Dukascopy
In accordance with White Label Agreement with Dukascopy Bank SA, Dukascopy Europe provides to its clients an access to the Swiss Foreign Exchange Marketplace on the same conditions which are available to the clients of Dukascopy Bank.
Dukascopy Europe offers an access to the Swiss Foreign Exchange Marketplace. This market provides the largest pool of ECN spot forex liquidity available for banks, hedge funds, other institutions and professional traders.
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Dukascopy is nice, but i wish they have MT4 platform
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I am using Dukascopy on live for pretty long time and they are really awesome... I like their platform and specially the way I can manage my trades... But I think they need to update their platform with some user friendly features.... :-)
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I have still problems with this bridge.
It randomly does not set the TP/SL of trades placed by bots. The problem is that it occurs randomly. Sometimes bots (Wallstreet Forex Bot, QuantumFx Bot, MDP) places orders and the TP/SL are set correctly. But you can not be sure of this. In the error logs (journal and experts tab) no errors appear when the SL/TP keeps empty. Very dangerous.
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Dukascopy actually offers MT4 solution now. You can trade through a MT4 bridge by placing your trades either on the MT4 or Jforex platform, then it will be automatically synced on the other platform.
Check here: http://www.dukascopy.com/swiss/english/forex/trading_login/marketplace_demo_login/
And here is the information of the MT4 bridge: http://www.fairtradingtech.com/dukascopy-and-mt4/
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Overall
with all due respect to all MT4 users, i quite frankly do not understand why you all love MT4 so much. besides the fact that it was designed from the ground up to facilitate scamming retail traders, the UI isn't any better than, say, for ex., JForex or even MB Trading's old platform, MBT Navigator Pro. if you want charting excellence, then you might as well fork out USD 1,000/year for eSginal, at least that way you know you get a rock solid and proven solution.
and the last nail in MT4's coffin is the clumsy order entry/order management interface. to wit:
1- why is there no 1-click 'open/close trade' functionality from the chart? instead, you have to navigate through a dialog and click more than once to get MT4 to close your trade. if you scalp and want to grab pips both long and short in the blink of eye, you are out of luck as the market will move faster than you can click the interface. utterly ridiculous.
2- why doesn't MT4 allow you to close all open trade in one go? instead you have to work your way through the list of open trades and select each one individually to close it. again, utterly ridiculous and not what an intraday trader should want. if you are a position trader, then of course, it doesn't matter. but if you need speed, MT4 is just plain bad UI design.
JForex takes care of both issues quite nicely, as does MBT Navigator Pro.
and finally, lest the EA freaks lambast me, yes, MT4 makes it user friendly to code EAs. and i say to you: so what??!!?
if you really insist on coding your EAs, then learn to use a real programming language such as Java. you'll be able to code and maintain a much more complex and sophisticated codebase than with the C lookalike MQL language. but of course, if your idea of an EA is some simple stringing together of other EAs and classic indicators to generate signals, then MQL is adequate. what i am talking about here is creating some real code, some real expert system as in AI expert system (neural net, genetic algos, multidimensional differential fractal analysis, fuzzy logic engines, or an HFT blackbox). for that, you need an OO language, not some scripting toy.
i guess most users want simplicity, which is understandable, but quite frankly, in case you haven't noticed, trading is anything but simple. there is some hard intellectual work to do and i suspect all these people who want only a one-button buy or sell interface don't have the fortitude or intellectual stamina to handle the intrinsic complexity involved in trading the markets. so if you can't even handle complexity at the interface level, you have no business trading in the 1st place. you'll only wipe out or at best, if you're lucky, get subpar results.
now feel free to lambast me. 😇
Overall
I would like to use Dukascopy and some of my friends too, but as long as they do not provide any MT4 plateform, we are not considering going with them.
Sure if they provide MT4 Plateform, they will have much more customers.... but they seem happy like this, don't need more customers, lucky broker !!!
Overall
I've been using this broker for live since 3 months ago.. overall it is very good and I like it so much.. the not so good is the JForex platform.. it seem to eat my computer resources so much.. the longer I use it, the more slow this platform is.. even though I've deleted the temporary Java files everyday..😞 FYI: I use Intel core 2 duo CPU & 4GB RAM.
I hope their R&D team will keep improve the JForex to become a lite, low resources, and the best platform someday..😀
Still highly recommended..! 😄
Overall
Dukascopy improved their Spreads by adjusting to 0.1 instead of 0.5 increments. I've always been very impressed with Dukascopy
I have nothing to complain about and I have only good things to say about this broker. I wish I started out with this broker. It would have saved me time, money, and many headaches.
Jforex is A++
Overall
The best brocker besides Oanda
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Excellent Broker. I even became a money manager with them.
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certainly hope they develop a bridge for mt4, or some way for their platform to "copy" the orders from mt4. I tried their code converter in JForex, 1500 lines of MQL to 2400 lines of Java, and the test results didn't produce any trades. at the moment, seems that I need to learn java, or look to other 3rd party software to link to their API.
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When I go live I will be using Dukascopy.
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They offer only a 14 day limited demo account. How are we supposed to test anything in just 14 days?
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They offer MT4 now,but for demo only - guess they'll release it for live in due time.
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It's a pity that they abandonned MT4.
Maybe it's a good thing, it will make me stick to manual trading which is safer !
In Switzerland, brokers must now have a bank license. I think they are much safer now. The Swiss Confederation guarantees CHF 100'000 per person and per bank.
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I agree, will be nice once they release MT4
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The best broker.
