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MT4 in Dukascopy is now available!
We are pleased to inform you about the introduction of MT4 to the offer Dukascopy - the most popular trading platform in the world. About the plans of the Swiss broker we have already informed you at the beginning of May. Now plans are becoming a fact.
Dukascopy, despite introducing the MetaTrader 4 offer, clearly emphasizes that the flagship platform will remain JForex, which will be constantly developed.
MT4 for now only on DEMO
At the moment, you can test the platform MT4 Dukascopy only on demo accounts. This is the traditional policy of the Swiss broker, which assumes the most thorough checking of the newly introduced functionalities and elements of the offer in simulation conditions before making them available on real accounts.
Demo accounts have a validity period of 14 days, however a single user after this period of time may open another account active for the next 2 weeks.
MT4 Dukascopy on Live Accounts - WHEN?
At the moment, the expected date of the MT4 platform introduction on real accounts is 1 lipcav 2018. However, the ability to meet this deadline will likely be closely linked to the success of testing under demonstration conditions. If the next 3 weeks do not bring much problems, then probably from the new month we will have the opportunity to use the newly added platform.
The MT4 Dukascopy offer will in some respects differ from the standard offer of this broker.
The main elements of the offer:
- Accounts kept in USD, EUR, GBP, CHF and PLN,
- Available 40 most popular currency pairs + gold,
- Maximum lever 1: 30,
- Maximum exposure - 30 lots for currencies, 23 lots for gold
- Available microlights,
- Margin Call = 100%, Stop-Out = 50%,
- "Close by" function inactive,
- Possible hedging and using EA,
- Trailing stop inactive (will be added later).
Differences in other mechanisms:
- If the order is rejected (eg due to lack of liquidity, non-market price or exceeding the maximum exposure level), MT4 will return the message [Trading is disabled].
- There may be differences in the balance on the MT4 platform and on-line reports and the balance at the end of the day. The broker recommends careful monitoring of compliance and differences with respect to these reports.
- The mechanism set in the client's panel Stop Loss Level does not work for MT4 accounts.
- Automatic reduction of leverage on weekends does not occur on MT4. In order to limit the risk, customers are forced to reduce the account exposure themselves.
Commission policy
The commission structure will change as well, where unfortunately MT4 accounts will go up.
| The net deposit or balance of the account (equivalent in USD) |
Rotation (equivalent in USD) |
Commission in USD for 1 flight (per page) | |||
|---|---|---|---|---|---|
| Currencies | XAUUSD | ||||
| <5 | <5 million | 4,5 | 6,25 | ||
| ≥ 5 000 | ≥ 5 million | 4,3 | 5,95 | ||
| ≥ 10 000 | ≥ 10 million | 4 | 5,5 | ||
| ≥ 25 000 | ≥ 25 million | 3,5 | 4,75 | ||
| ≥ 50 000 | ≥ 50 million | 2,8 | 3,7 | ||
| ≥ 250 000 | ≥ 250 million | 2,6 | 3,4 | ||
| ≥ 500 000 | ≥ 500 million | 2,5 | 3,25 | ||
| ≥ 1 000 000 | ≥ 1 billion | 2,4 | 3,1 | ||
| ≥ 5 000 000 | ≥ 2 billions | 2,2 | 2,8 | ||
| ≥ 10 000 000 | ≥ 4 billions | 2 | 2,5 | ||
Standard commission rates for the JForex platform can be checked under THIS link.
