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- Anyone knows is the Dukasopy is a price manipulator and trading will encounter with unlimited spread and unlimited spike or what?
- How is your experience with Dukascopy in manual day trading?
- How is your experience with Dukascopy's Algorithmic trading?
- How large the trade amount shall be to actually leave the Dukascopy's internal liquidity and match with the orders outside Dukascopy in the dark-pool? 25K, 100K, 1Million, or what order size/amount?
- Dukascopy's platform facing issue to closing orders in profit in Demo accounts, thus can this be a mechanism that set on the platform to prevent traders from closing orders in profit, while major financial news e.g. NFP release? To make my question simpler, does Dukascopy actually set a mechanism inside the JForex to prevent it from closing orders in profit, even in Demo account? As they mature the manipulation technology to use it in the actual live accounts perfectly, without need for debugging? lol
-I'm speaking about the Duka's Bank branch not the EU one.
Tnx and best of luck
Fallen
Can you help answer these questions from other members on NexusFi?
If you want to browse for a hot girl while guessing whether various forex markets will go up or down, great.
But would you choose to open an account with a bank that also had a dating site? No? Clearly you don't trust them anyway, choose a reputable company instead.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Yes, in that aspect of running Miss-of-the-world prize, they look like Ma~fi~a/G~angster to me. But as they are regulated under FINMA as a bank, and I think FINMA does not hand over a license to them just because they get intimidated by them. Switzerland is land of many banks with highest reputations.
Regarding trusting with money, can they do anything if I use the bank guarantee scheme too?
Also on of the most important matters is the execution without significant price manipulations, do not sending unlimited spikes and do not widen spread to unlimited amount? And commissions and SWAP shouldn't increase if the represented amount on their website isn't about that much, I hope you may get what I wanted to say?
There isn't any most reputable than them on the Swiss, as the other two/three is not as competitive as Duka in spread and commission and they suspected to be price manipulators?
The reason that I don't select the IB, is that I don't know their 'Native Python API' and that would be a learning curve for me, whether 'if' its necessary to chose them over the Duka?
Based on my understanding, the Duka only changing market orders to Limit orders to get few cents from spread, etc etc and if this is all that they doing, I may cope with it, while in the other hand I have access to Java based AI/EA based algorithmic trading facility that offered by them. ?
Also I can divide my fund, to execute the long term trades on IB while doing the Day-trading in the Duka, but then my Margin will be decreased depend on how much I have on each broker. ?
Is there anyone from IB that doing Algorithmic trading to shed some light on here as I'm new to IB's Algorithmic trading?
The thing that I'm looking here most is, is day-trading with Duka will encountered with heavy price manipulations(in bucket-shop style) if someone 'may' able to make any significant money with them?
I've never used them so really can't say anything. But looking at their main website, rather than the attractive women website, they do say they are a Swiss Banking Group that as well as providing trading accounts also has bank accounts available so lets assume your funds would be safe.
But as with all spot forex brokers, CFDs and things not traded on centralised exchanges, like futures, they can set their own spreads to in theory whatever they like. But they also quote their average spreads on the website so I imagine they aren't going to get that wide.
Who really knows. It sounds like you are doing your research either way.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
of $35 per million commission 55% goes to their "IBs"
I wouldn't trust them here's another swiss banking forex broker and publicly traded https://en.swissquote.com/company/about-us
very different indeed
I don't get this Duka's IB system, as you mentioned above, there is a possibility to open an account if you introduced by IB or what, then you get up to 45% commissions back. I'm not sure how this is works and I'm not sure if this 45% payback is forever or just for 1st month or few months. As if it's just for a few months, it doesn't worth it for me. But it would be nice if someone explains how to get this 45% commission back forever for all trades?
I know Swissquote as well, but I advised from a few expert traders that they are not better than Duka.
I don't understand why would i pay these people % of my comm. I rather have lower comm.
spot forex industry is very shaddy now with micro futures with 50 cents a tick it's better to stick to regulated markets unless you want china to be the next superpower and your forum posting censored for having different opinion
I have come across this review (and the website, I mean ForexWhyIAmBroke) while researching brokers. Dukascopy also has good reviews on FPA. For what it's worth.
I have got accounts with them for several years. Actually with the Swiss as well as the Latvian/EU branches. I have not got any issue with their price feed, support or money withdrawals.
Miss Dukascopy is residue after larger set of community contests that they were needed to discontinue due to recent EU regulations 1 or 2 years back. But I agree it really looks weird.
On development note. I have never been fan of Metatrader. IMO from algo dev perspective JForex SDK is one of the best thing one can get in retail spot FX industry, see wiki on link below it's comprehensive source of samples what can be achieved with it. It's pure Java, SDK allows you to build full custom algo trading platform on your own, you do not need to run strategies within their standard JForex environment hence you can fully debug your algos in e. g. IntelliJ Idea or VS Code. It's really powerful and rich SDK and framework.
Hovewer it's still retail FX after all, so some sort of manipulation likely possible ...
