WikiFX

Sagot

From my experience, Dukascopy Bank offers a range of pros and cons that I always weigh before making a decision. Pros: One of the major advantages for me is their wide range of trading instruments, with over 1,200 assets available. These include forex, commodities, cryptos, metals, and even stocks and ETFs. This wide range of assets means I have the flexibility to diversify my portfolio and explore different markets. The spreads are tight, especially on major pairs like EUR/USD, with an average of 0.3 pips, which lowers my overall trading costs. Another pro is the availability of several advanced platforms, including JForex4, MT4, and MT5, catering to different trading styles, whether I prefer technical analysis or automated strategies. Cons: For me, the regional restrictions are a downside, as Dukascopy doesn’t accept traders from certain countries like the US, Israel, and Canada. The inactivity fee of 3% or $25 is another downside for me. If I decide to take a break from trading, I’d incur this fee, which feels like an extra charge for not being active. Additionally, while the commission of 0.7 pips is competitive, it still adds to the cost of trading, especially for high-frequency traders.