Dukascopy Trade MT5 is a forex broker whose official domain was registered on October 6, 2023, mainly offering investors trading services in forex, stocks, futures, energy, precious metals, cryptocurrencies, and other financial derivatives. This broker does not provide services in jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the official website of Dukascopy Trade MT5, its headquarters is located in London, with direct branches in the United States, Canada, and Sydney, Australia. The broker is regulated by the Financial Conduct Authority (FCA) of the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Financial Services Agency (FSA) of Japan, with license numbers FCA ID: 504072, AFSL: 406684, and FSA ID: 2010401081157, respectively.
Upon verification, the official website of the Financial Conduct Authority (FCA) shows that FCA ID: 504072 corresponds to the business entity AVA Trade EU Limited, the official website of the Australian Securities and Investments Commission (ASIC) shows that AFSL: 406684 corresponds to the business entity AVA CAPITAL MARKETS AUSTRALIA PTY LTD, and the official website of the Financial Services Agency (FSA) shows that FSA ID: 2010401081157 corresponds to the business entity Ava Trade Japan K.K. These registered entities are all branches of the well-known broker AVA Trade, which has no relationship with Dukascopy Trade MT5.
Moreover, the design and content of the website of this broker are identical to those of broker websites like XM Market Limited, FUNDING, HCJT GROUP, KFCP, XZDL GLOBAL, and Ylehub FX.
Opening an Account:
To open an account with Dukascopy Trade MT5: visit the broker's official website, click on “Register” at the top right corner of the homepage or webpage, fill in your personal email address and set a login password before submitting. Once the application is submitted, the account can be successfully registered.
Trading Account Information:
The official website of Dukascopy Trade MT5 only discloses information such as spreads, trading leverage, margin call/stop-out levels, and contract sizes, while details concerning account types, trading commissions, minimum/maximum trading volume, maximum number of positions/orders, and minimum price precision are not disclosed.
Spreads: floating spreads, starting from 1 pip
Trading Leverage: 1:100—1:500
Margin Call/Stop-out Levels: 100% / 50%
Contract Size: 1 lot = 100,000 units of currency
Trading Platform:
The official website of Dukascopy Trade MT5 claims to offer the MT5 trading platform to its users, but the broker has not provided a download link on its website, and information about this broker cannot be found on MT5.
Deposits and Withdrawals:
Dukascopy Trade MT5 has not explicitly disclosed the supported methods of deposits and withdrawals, associated fees, or the minimum deposit or withdrawal amounts on its website.
Summary:
Traderknows reminds investors that Dukascopy Trade MT5 is a clone website with unclear corporate registration information and lacks effective regulation. The website can only be contacted via email, with very limited contact options. Its official website's design and content use the same template as those of XM Market Limited, FUNDING, HCJT GROUP, KFCP, XZDL GLOBAL, Ylehub FX, and other broker websites. Traderknows advises investors to choose brokers that are transparent about their information, strongly regulated, and have a good reputation for investment trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected scam" on Traderknows.
