Hi everyone. It was long time since I've visited this forum. Feels nice to be back.
Okay. Back to the topic. A while ago, I stumbled upon the Broker called Dukascopy. What I liked about it is that this particular broker is not that far from me, I mean their servers. Which is crucial to me because I'm planning trading the news. So something like execution time is vital for successful trading.
Anyway, there appears to be 2 Dukascopy brokers. First being not technically a broker but a bank. I think it's called Dukascopy Bank SA. And the other is actual broker called Dukascopy Europe. Now I contacted the supprot and asked what is the difference between these 2. The only difference I know is that Dukascopy Bank SA requires minimum $5000 starting deposit and maximum leverage is 200:1 where Dukascopy Europe offers much smaller starting deposit at $100 and maximum leverage is 300:1.
Now, the customer support lady said this is the only difference between them. I then asked why would anyone choose DUkascopy Bank SA with $5000 staring deposit and 200:1 maximum leverage when it doesn't offer anything else compared to Dukascopy Europe with much smaller starting deposit and even bigger leverage. She said it's up to the customer. WHich doesn't make any sense to me.
So, I'm calling those who are familiar with Dukascopy. Is there actually no difference between them? I was told that Dukascopy Europe is subsidiary company of Dukascopy Bank SA. Basically daughter company. But since I contacted Dukascopy EU, maybe they didn't want to tell me the whole story and possible additional features of Dukascopy Bank SA because they would lose more clients?
Thanks for any input.
Okay. Back to the topic. A while ago, I stumbled upon the Broker called Dukascopy. What I liked about it is that this particular broker is not that far from me, I mean their servers. Which is crucial to me because I'm planning trading the news. So something like execution time is vital for successful trading.
Anyway, there appears to be 2 Dukascopy brokers. First being not technically a broker but a bank. I think it's called Dukascopy Bank SA. And the other is actual broker called Dukascopy Europe. Now I contacted the supprot and asked what is the difference between these 2. The only difference I know is that Dukascopy Bank SA requires minimum $5000 starting deposit and maximum leverage is 200:1 where Dukascopy Europe offers much smaller starting deposit at $100 and maximum leverage is 300:1.
Now, the customer support lady said this is the only difference between them. I then asked why would anyone choose DUkascopy Bank SA with $5000 staring deposit and 200:1 maximum leverage when it doesn't offer anything else compared to Dukascopy Europe with much smaller starting deposit and even bigger leverage. She said it's up to the customer. WHich doesn't make any sense to me.
So, I'm calling those who are familiar with Dukascopy. Is there actually no difference between them? I was told that Dukascopy Europe is subsidiary company of Dukascopy Bank SA. Basically daughter company. But since I contacted Dukascopy EU, maybe they didn't want to tell me the whole story and possible additional features of Dukascopy Bank SA because they would lose more clients?
Thanks for any input.