Review Dukascopy and Saxobank

Broker review
A
arkhe
21 Jan 2016, 08:50 2,929 Views
At Dukascopy, there is only a platform for its own just like Saxo Bank. And I see there is only one regulation (FINMA) but if compared with other multi-regulated brokers. Dukascopy is still behind in the number of regulations.

With other brokers, I hear Dukascopy and Saxo Bank are specifically for wealthy people. Although the regulations are less well-known...
I want to see reviews of both of these brokers.

1 Answer

M
martin 26 Jan 2016, 00:27

@ arkhe:
Dukascopy's regulation is indeed only from FINMA and its headquarters are in Geneva, Switzerland, but FINMA is a credible and globally recognized regulatory body. As for Saxo Bank (Denmark), it is regulated by, among others, the FCA (UK), FSA (Denmark), ASIC (Australia) and SFC (Hong Kong).

Dukascopy’s minimum deposit can be USD 100 while Saxo Bank's minimum is USD 5,000. Brokers from Scandinavian countries (Sweden, Norway, Denmark) usually have a relatively high minimum deposit, which is relative for wealthy traders. The policy of these brokers is not as aggressively expansive as brokers from Russia.

Saxo Bank used to use Metatrader, but it was discontinued since June 2015 and only uses the SaxoTrader platform. You can read the news here: Saxobank Discards Metatrader 4, Promotes Proprietary Platform
You can read a review of both brokers here:
Profil Dan Review Broker Saxobank
Berita Broker : Broker Dukascopy

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