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Dukascopy Broker Review


finimej

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Re: Dukascopy Metatrader 4 platform

 

As an introducing broker, you should be able to provide a definite answer to this valid question - either yes or no. If you do not know the answer, then you should find out from the actual broker that you represent, instead of saying "maybe", "that's possible", etc. The lack of a definite answer may also show that you do not (or rarely) trade with Dukascopy, and simply earn from rebates instead.

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hyperdimension;

perhaps if you actually read my answer; it would illustrate to you that there is some ambiguity in the initial question posed. clearly; had the question been clarified or followed up with; i would have answered with a "better" answer. if you look at my first sentence; it ends with a question. then followed up with another question seeking clarity. please read before you jump on a horse gun slinging.

 

i will entertain your supposition: even if i "do not or [rarely] trade with dukascopy" how does that take away from the fact THAT I CAN STILL GIVE 45% OFF THE COMMISSION? truly; as a IB i will get 5% and the client will get 45% directly into their account: indeed, i will get 5%. again; i ask you...what does that have to do with me seeking clarity to the question posed?

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by the way HYPER;

 

here are the questions posed...i want you to think about them before your start mud slinging:

 

1) "is it true, that it is a bit higher spreads at MT then on other dukascopy platforms ?" IF YOU KNEW ANYTHING ABOUT DUKASCOPY YOU WOULD KNOW THAT MT4 IS IN BETA. if i answered with an affirmative answer it would be a pre-mature one considering nobody knows what duka will do when mt4 is live. (although it would be foolish for duka to have different spreads for jforex than mt4...and duka is no fool).

2) "And is it true that spread on demo are different on MT than on live account ?" AGAIN; A QUESTION THAT CANNOT BE ANSWERED W/OUT MT ACTUALLY GOING LIVE ON DUKA.

 

if you read the questions! any logical person on this board would tell you that this cannot be answered with 100% certainty! UNLESS AND UNTIL DUKA goes live with MT4 NO ONE can answer this with 100% accuracy. if they do; they do not know what they are talking about. however; if i had to go on dukascopy's reputation (which i did and will), im going to assume that the spreads will be identical....when they do eventually go LIVE with mt4!

Edited by samk090905
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To give you more details, I have highlighted below some of your phrases that indicate why I think your answer was poor:

staw;

 

sorry for the delayed reply. anyhow; your question regarding MT than duka platform? that is a tough question to answer. are you asking if the spreads on metatrader are higher than duka's platform? i don't have first hand knowledge of this; but if need be i can find out. but my first thought and answer is: i doubt it. i suspect the spreads are not determined by the platform but rather the individual broker.

 

demo and spread: again; this doesn't sound logical. i think each broker will reflect its spread on the their own mt4 platform when you use it. besides; if it was different than it would be considered bait and switch and once people got wind of this tactic; brokers would lose their creditability pretty quickly. so; logic says NO on both counts.

 

In short, your answer says "I don't know". But instead you said a lot of maybes/I thinks/logic says etc, as if you were trying to appear informative, but failed. If you don't know something regarding your business (Introducing Broker) then you should either find out from your "boss" (Dukascopy) before writing anything, or say you don't know. It just appears that you are trying to provide help here in order to acquire more clients for your business, but your answers are not factual nor informative, and instead are a lot of "maybes".

 

I'm aware that the Dukascopy MetaTrader platform is still in beta, but you could still have answered based on your experience of the beta platform, but judging by your answers, your experience of the Dukascopy MetaTrader platform is either little or none - not enough to answer the following valid questions about spreads:

 

1. Are spreads any different to spreads on the JForex platform?

2. Are spreads better or worse than at other brokers?

 

I replied because I also wanted to know the answer to these questions.

 

I would also add this question about execution, and I'll give you a chance to answer it: How does order execution duration on the MetaTrader platform compare with execution on the JForex platform? I presume there would be a bridge between the MetaTrader server and the JForex server, so I'm thinking there would be some delay introduced by the bridge.

I'm asking you this because you have put yourself forward as a representative for Dukascopy, which means that you should know a lot more than myself and other traders here about Dukascopy.

Edited by hyperdimension
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hello,

 

i am an IB for dukascopy. i can offer 45% off your commission directly back into your account. as of recent, dukascopy has lowered their deposit amount to $1k from $10k. btw, meta4 has been in beta for some time; should be finalized really soon.

 

please let me know if i can be of any assistance.

 

 

same here with 50 % .... this is an open market right ?

 

sorry dude

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  • 3 weeks later...
I attend a recent Asia Trader and Investor Convention in Singapore and met Dukascopy rep. They confirmed that the minimum deposit can be USD1000 BUT MT4 platfrom will never be realised. Hence, no MT4 with Dukascopy.

 

Strange, because I talked with their support many times and they always said that they will go live soon

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SPYCAT;

 

it is an open market...you can offer 50% off my commissions? im an IB for dukascopy as well but since yours is 50% off; i would like to take you up on your offer. since everyone here is a witness that you are offering 50% off; i want to take you up on your offer. in fact, everyone should. I DONT THINK YOU CAN OR WILL OFFER 50% OFF. can you please explain your 50% off breakdown?

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