Dukascopy Bank (SA) Forex Trading Conditions

Lot Size

The minimal acceptable order size is 1000 units of the primary currency. There is no maximum lot size limitation, except available liquidity and marginal requirements.

Settlement Procedure

Settlement activities are conducted on a daily basis and include all post-trade operations such as trade settlements, rollovers, volume commissions and daily P&L conversions and other end-of-day amendments (please refer to Overnight policy for related information on value date and overnights). Settlement procedure is applied at 21:00/22:00 GMT and is carried out automatically in the account’s base currency. Account balance is updated on a daily basis after settlement procedure. Clients are able to track balance history in various reports through the trading platform or through the web based entry.

Platform Specification

Dukascopy Bank - SWFX Trading Platform is a unique technology with specific features for advanced traders. The Platform provides special functions and tools that have been created in order to suit sophisticated needs and provide additional protection to clients against market spikes. Dukascopy Bank strongly recommends that you become familiar with the DEMO platform before you start live trading.

Prices and liquidity are equal for all clients. Depending on account size and monthly traded volume, different trading commissions and overnights are applied. Dukascopy Bank accepts all types of trading (including news trading, scalping etc)

Contest Information 

To give an incentive towards superior performance and transparency among professional traders and investment managers, Dukascopy Bank arranges a monthly FX trading award. The trading account with the best performance will be singled out at the end of each calendar month to receive a prize. 

Grand Prize - a Luxury Watch

In line with the bank’s stated mission to provide a fair and transparent trading environment, Dukascopy as a Swiss Forex Bank & Marketplace actively encourages traders to achieve better performance results. The winner of each month will receive a personal invitation to visit bank’s office in Geneva, be interviewed by the Dukascopy TV team and be conferred a spectacular prize – a Luxury Watch from Cartier and Dukascopy Bank.

Cartier is a Luxury Brand well known for its emphasis on great classics and fidelity to traditions inspired by aspiration to create masterpieces of technological innovation. Inspired by masculinity and sophistication these beautiful watches serve as an example of good taste and elegance revealed in laconism and determination.

During his stay in Geneva, the trader will take residence at the hotel Beau Rivage, one of the most prestigious establishments in Switzerland, – a Palace hotel built in 1865.

Terms and Conditions

The contest is held during the twelve consecutive months of 2010. A new winner is determined at the end of each month.

All Live trading accounts enter the contest automatically as soon as at least 10 trades are made during the current month.

Open a Live Trading Account

Unified standards will be applied to evaluate trading accounts with performance* as a main evaluation criteria. In addition, the best trader must comply with the requirements of transparency:  to openly share a personal trading experience and to be interviewed on Dukascopy Forex TV. 

* The performance of traders is measured by Time-Weighted Rate of Return (TWR). This method eliminates the distorting effects created by inflows or outflows of new money and it is used to effectively compare the returns of the traders. TWR is the main method approved by GIPS (Global Investment Performance Standards).