How to reduce costs in Dukascopy as much as possible

Today, we will present you a way to maximize the possible reduction in commissions at Dukascopy Europe using the applicable terms and conditions offered by these brokers. In both of these companies, the terms of trade, including the commission policy and current promotions, are identical, so in this respect it does not matter which department you choose. Dukascopy has a very developed policy of transaction costs, which is why it is hard to find it at the beginning, especially when additional promotions come into play. So we start.

Dukascopy's commission policy

The broker makes the commission rate for the trader dependent on:

• paid deposit (sum of payments - sum of withdrawals),
• funds on account (that is, taking into account earned profits),
• generated turnover during a given month.

All rates are presented in the tables - Commission policy. And here it should be clearly emphasized that Dukascopy approaches the topic in a very beneficial way for the trader, because the rate that is the lowest for the trader always applies. This means that if we meet any of the above criteria qualifying us to enter the lower threshold, we will of course be granted it. It is worth paying attention to the deposit paid, because it may turn out that, for example, a payment of a dozen or so dollars more will allow us to jump to a lower commission threshold, which will allow us to save additional savings.

Forex Club commission discount

Opening an account via our website automatically qualifies you to receive a 20% commission rebate within the first 30 days of activating the account. The moment of activation is considered to be the day of data transfer to the platform on which the funds are already available. The way the discount works is as follows: the standard commission rate according to the Dukascopy table is paid throughout the month. By the 10th day of the following month, the value resulting from the discount, ie the "overpaid" commission, is returned to the investment account. The monthly period, like the value of 20%, are the maximum values ​​limited in advance by Dukascopy, and the Forex Club cannot extend them.

Description of the account opening procedure

Dukascopy bonuses

In 2014, the broker launched bonus programs that are very popular among traders. It is a promotion consisting in receiving some "free" funds depending on the deposit paid. These funds can be used to open positions and are fully solvent, as long as we fulfill the terms of the contract, where the basic one is the value of the turnover to be generated, which is 30 times for the 000% promotion and 10 times for the 50% promotion. . The values ​​can be terrifying, however, we have a whole one calendar year to work out the turnover. In addition, the bonuses can be used multiple times (after meeting the conditions of one promotion, you can sign up for it again).

Example: Receiving a 100% bonus of $ 5, you need to generate a turnover of $ 000 million. At the current EUR / USD exchange rate of 250, this is the equivalent of approximately 1,0760 lots on this pair. The turnover is calculated as the opening + closing of the position, thanks to which it is de facto enough to open positions with half of this volume, i.e. 2 lots.

Details of bonus programs

Bonuses also have their limitations. During the fight for the bonus, we have no possibility of requesting a payout during the battle for a bonus or otherwise, when we commission a bonus payment and worked out the tradeoff (protection against abuse). Promotions do not combine so you can only decide on one bonus at a time. Additionally, you can not use the Forex Club commission discount and take part in the bonus promotion at the same time. There are two exits: 1) just wait 30 days for the moment when the rebate will expire, or 2) at any time send the instruction to your Account Manager to complete the rebate period.

Cost optimization

1. Carefully check the commission thresholds from the Dukascopy table and include these values ​​when making the deposit.
2. Take advantage of the 20% rebate on the Forex Club commission for the first 30 days.
3. After the end of the rebate period, withdraw the entire deposit for a while and sign up for the bonus promotion 100% or 10%.
4. Make a deposit that will automatically increase your capital.
5. In the event that you meet the bonus conditions, repeat item 3 and 4.