Dukascopy Europe IBS AS is a European forex broker founded by Switzerland's Dukascopy Bank SA. Clients of both brokers have access to the SWFX ECN network under the same conditions.
The Swiss SWFX currency marketplace combines the liquidity of many banks and other centralized marketplaces.
Although a bit average by today's standards, Dukascopy offers a transparent and anonymous trading environment. Dukascopy's ECN technology prevents any risk of exposure and conflicts of interest with clients (Dukascopy is not involved in any market maker activities).
All trading orders are executed within the ECN network with other foreign exchange market participants. (Bank of America, Commerzbank, Nomura, Barclays, Currenex, SEB, Deutsche Bank, JP Morgan, Societe Generale, UBS, Goldman Sachs, Citibank, BNP Paribas, HSBC Bank, EBS, Cantor Fitzgerald, HotstpotFXI, Lava, FX Morgan Stanley and other liquidity providers).
The trading platforms offer a wide range of orders, such as: market orders, limit orders, stop entry orders, stop entry limited orders, stop loss and take profit orders, trailing stop orders, bid/offer, OCO, IFD, etc...
Two trading modes are available: "Net position" and "Hedging". "Hedging" mode allows the trader to have opposite positions on the same currency pair with the possibility of "merging" them. "Net position" mode combines all orders on the same currency pair in one single position.