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Dukascopy vs MB
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Dukascopy vs MB

  #81 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received

False Info


kami View Post
Thanks .. just noticed .. europe dukascopy also accepted credit/debit card funding and and the best is NO fee charges .. i need to close and reopen account.. It takes 1 day to receive the money instead of 2 weeks in switzerland .. it is much easier now ... i kinda like dukascopy more .. safety comes first and the pair that i trade the cost is cheaper than MBT n i think the cheapest and dont like MBT metatrader due to i unable to see level II data ... i will come back to them if they open up the ECN privilege to other platforms ..poor me because i have to stop using MC because of that ...

Well Kami, unfortunately it's not all roses over there. Dukascopy EU has more flexible rules than Dukascopy Bank, but a US Citizen(or legal entity) cannot get an account with either one of them. The closest you will get is a white-label with Alpari-us which was a path I considered and then rejected after a little research.

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  #82 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received

False Info


DarkPool View Post
I believe that it is true that Dukascopy Bank can no longer accept US clients bluemele. However, there is another branch that can open accounts for US clients. Look here: Dukascopy Europe | ECN Broker | Managed accounts | FX trading platform

Hypothetically, if one was properly capitalized it would not be difficult to affiliate oneself with a an entity that is capable of getting an account with Dukascopy Bank. :-)

This info is false. Dukascopy EU cannot open accounts for US citizens. Unless you are "properly capitalized."

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  #83 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


You can always set up a foreign entity... Still possible...

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  #84 (permalink)
Elite Member
Battle Ground, WA
 
Futures Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker/Data: MB Trading
Favorite Futures: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received


bluemele View Post
You can always set up a foreign entity... Still possible...

Yes, of course it is possible, but not without considerable expense and effort versus just being able to open an account.

One day, I do plan on doing business and having trading accounts based in another country(hint, it's close to Hawai‘i, can you guess?) and I will have an legal entity there when I do, however to set that up today would cost me close to $15K and take a couple weeks of hard work and long flights to make happen.

I don't have the resources necessary to ensure success for that plan at the moment... :-)

However, what I have found is that when I get to that point, I'll not be fooling around with MB Trading or Dukascopy. Regardless of what they say about being institutional, they behave like retail. I'm going to be trying one or two of the "real" brokers (that I can afford) and see if they are any better. According to posts here, they are, so I'm looking forward to that!

I see you are with ATC. I was considering opening with them. How do you like it? I'm going to open a small account with DDP and see how that goes.

What part of Honolulu are you in bluemele? Although currently not living there, I like to say I'm from Makiki which is my favorite place to live(Waikoloa second!)

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  #85 (permalink)
Blockchain Enthusiast
Perlis, Malaysia
 
Futures Experience: Beginner
Platform: TradingView
Broker/Data: Bitmex
Favorite Futures: Bitcoin
 
Posts: 96 since Aug 2011
Thanks: 114 given, 16 received

well anyone is with dukascopy?

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  #86 (permalink)
Trading Apprentice
Zurich, Switzerland
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: 6E
 
Posts: 13 since Jan 2013
Thanks: 21 given, 0 received


kashbg View Post
The only thing I am slightly annoyed is that registering via an agent gives you half the commission that I am paying by registerign direct. Anyway, I am still taking that one on the chin.

Which agent gives you half the commissions for Dukascopy ?

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  #87 (permalink)
Elite Member
Belgium
 
Futures Experience: Advanced
Platform: SaxoTrader
Broker/Data: SaxoBank
Favorite Futures: ESTX
 
Posts: 290 since Dec 2009
Thanks: 242 given, 109 received

Just Google : Dukascopy Introducing Agent. There are plenty ranging from 45% to 49% rebates.

Please realize that if introduced by IA, dukascopy service client team will most of the time disregard your requests sometimes the harsh way. They then expect that your IA to address your issues but sometimes, after application has been locked, most IA just won't have time anymore for extra service.
To conclude, it may be a bad idea if you're the kind of trader who may need support from time to time, especially since Duka has lowered its commissions recently and globally they remain quite competitive.

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