www.dukascopy.comwww.dukascopy.com

Welcome to Dukascopy Bank

through the FX market

About Us......................................04

Mission & Values...........................05

Advantages of ECN-Marketplace.......06

Trading Platforms...........................08

Some Important Features................09

Philosophy of Transparency.............10

Account Types...............................12

Institutional Services.....................13

Table of Contents

About Us

ukascopy Bank is one of the leaders in the foreign exchange During years of presence in the brokerage market, the

industry, specialized in Spot Forex. The Swiss Company was popularity of the company has been significantly increasing

founded in 2004, to fulfill market need for advanced technological among individual and institutional clients. Our customers

trading solutions to traders. fully rely on Dukascopy Bank’s unique execution quality.

Furthermore, Dukascopy Bank has expanded its services to

offering market information via Dukascopy Forex Online TV.Dukascopy Bank is based in Geneva, Switzerland. Host to multiple

international organizations, Geneva is home to people and

cultures from around the world. Stability, security and high FX Dukascopy Bank continues to follow its primary chosen

regulatory standards of the country fit perfectly with Dukascopy business model (ECN) and constantly develops its relations with

Bank’s culture. Dukascopy Bank is supervised by the Swiss banks and financial institutions to create the world’s biggest

Financial Market Supervisory Authority (FINMA), institution that is liquidity aggregator. Simultaneously, the services of the bank

charged with preserving and the strengthening public confidence become accessible for large private and institutional clients, as

in the security and integrity of financial centre. Furthermore, the well for clients who trade with smaller account sizes. Thanks to

Bank is audited by KPMG, one of the world's leading auditors. the banking security of the Swiss regulated banks, the clients’

accounts of Dukascopy Bank are guaranteed up to 100,000

Swiss francs.Today, Dukascopy Bank is an innovative Swiss based bank offering

a unique combination of technological and Forex aptitude.

The People of Dukascopy are driven by one goal and purpose: to

continue shaping the most advantageous and transparent Forex

trading environment imaginable for the benefit of its clients.

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Mission & Values

ValuesClients’ RelationshipExcellence in TechnologyDukascopy Bank’s products are developed based on client’s Dukascopy Bank’s main resources are dedicated to IT Research requirements. Understanding client needs is the priority. and Development. Thanks to its employees, the bank is able Dukascopy Bank meets clients’ expectations in accordance with to provide its partners with the most advanced in-house the Swiss Banking Tradition.technology.

TransparencyLiquidity and ExecutionIn the near future, transparency will be the key element of the Dukascopy Bank delivers to its clients a unique execution solution.

Its target is to provide the clients with the deepest source of Forex market. Dukascopy Bank has concentrated its efforts to liquidity by integrating the world’s leading foreign exchange make sure the price feed, historic data and liquidity are Banks and ECNs. Each client gets equal rights to consume and to transparent and equal for all clients.provide liquidity. 05

Dukascopy Bank’s mission is to strive continuously to be the leader of the Forex Industry and to be recognized for its fairness and transparency. In current complex and fast changing environment, the bank believes that the Forex market seeks an honest trading approach.

Mission

Advantages of the ECN-Marketplace

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Equal Trading Rights Transparent Pricing Environment All clients have equal possibilities to provide and consume All clients have access to the same liquidity. Each and every client liquidity within the ECN - Marketplace; has the same datafeed.

PrinciplesDukascopy Bank offers a unique and transparent Forex Trading Solution based on two main principles. These two values are the core of the ECN-Marketplace technology:

AdvantagesThis ECN – Marketplace represents the advanced generation of liquidity aggregator in the industry. Whilst creating its unique trading environment, Dukascopy Bank has developed the following features:

Execution Low Spreads Dukascopy Bank has a unique technology to hedge instantly any Dukascopy Bank has integrated liquidity of the world’s leading

clients’ trades directly with other Liquidity Providers. Dukascopy foreign exchange banks and ECNs. Thanks to these numerous

Bank is currently connected to Bank Of America, Commerzbank, banks and service providers, Dukascopy Bank offers the deepest

Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, UBS, source of liquidity in the industry resulting in tight spreads.

Goldman Sachs, Citibank, BNP Paribas, HSBC Bank, HotstpotFXI,

Lava - FX All, Morgan Stanley and other liquidity providers.

All trades are usually executed in milliseconds.

EBS,

ECN Liquidity Liquidity ProvidingEach client can place bids/offers in the market. The place The integration of the world’s major banks allows Dukascopy bid/ask type orders allow users to act as liquidity providers by Bank to execute large orders, which can instantly be hedged placing individual bids and offers right into the market. within the Liquidity Providers’ network. For example, clients Bids/Offers are very similar to limit orders and are used to buy or could trade in one click up to 200 million USD. sell a currency at a specified price or better. In addition to limit

orders, Bids/Offers have several advantages. As all Bids/Offers Market Depth are placed directly in the market, they can be taken by other Dukascopy Bank gives the opportunity to all clients to access liquidity consumers, thus allowing a trader to avoid a spread the market depth monitor. This tool provides the traders with cost. Additionally, users can specify the time period (Good Till information about the market structure for each currency Canceled/Good For/Good Till) allowed for the system to process pair. This data allows participants to anticipate the full the order. All together, these features make Bids/Offers valuable execution before placing their order. tools for intraday trading. 07

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Trading Platforms

ukascopy has developed 4 different trading solutions allowing clients to trade

from anywhere. The platforms are designed to deliver ability to act and react quickly under different market situations. Panes are organized in such a way that users can easily monitor the market, current exposure, manage their orders and positions, follow the evolution of their equity, leverage and performance. All platforms support a wide range of trading orders, such as: Market, Limit, Stop, Take Profit, Stop Loss, Stop Limit, Trailing Stop, Place Bid/Offer, OCO, IFD etc. “Slippage Control” functionality, allows to control maximum price slippage on execution.

Forex Trading PlatformsOptimized for manual

trading Detail monitoring interface Add on technical analysis

Auto trading API for strategies and indicators Historical tester - build in charts

Access anywhere Live, secure connection with server Integration Dukascopy TV and others

Optimized quick access Low technical requirements Multiple language interface

FunctionalitySlippage controlPlace BID/Place OFFER ordersHedging support“Net Position” modeTechnical analysis toolsNews and analytics toolsMarket AlertsCommunication toolsAutomated trading (strategies builder)Multi-lingual interfaceCustomized settingsFrequency of updates set-upTrailing Stop OrdersOne-click Mode

YesYesYesYesYesYesYesYesNoYesYesNoYesYes

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Some Important Features

Different Operation Systems Support Java IDEs (Integrated Development The automated strategies and manual trading can be executed in Environment) supportany operating system (Windows, Linux, Mac, etc.). Jforex professional traders can take full advantage of the different

Java IDEs (Integrated Development Environment) available for Automated Strategy Visualization JForex strategies implementation.

Execution of strategies can be visualized during real-time trading Mergeand historic back testing on Jforex platform.

If clients have two positions (long and short) for the same instru-ment, they may use the "Merge" function. No volume commission Automated Strategies Based will be charged for merging positions as there is no trade involved.on Multiple Currency Pairs

Traders can develop their strategies based on multiple currency Equity Protection for Self Traders

pairs. They can also run a historical back test for the selected Self trader can set up a stop loss level on their equity. This

multiple pairs within one trading strategy.functionality allows traders to protect themselves against any uncontrolled scenario.Historic Back Tests Using Real Tick Data

In contrast with other automated FX solutions providers in which Equity Protection for Managed Clientsresults of test are not usually very accurate, due to the use of data External Managers can offer extra protection to their clients via a interpolation instead of the real tick data, JForex offers a real tick capital protection (Stop loss) feature, which involves each client data for a historical back test. upon account activation.

Managed clients can set up an equity protection level (Stop loss) Up to 180 Trading Indicators during account activation. This unique feature provides clients

Up to 180 trading indicators are implemented into JForex, all of with more control over their own accounts while the maximum risk them are available to automated FX strategies. assumed is set.

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Philosophy of Transparency

t Dukascopy Bank, transparency is part of its culture. The Transparent Liquiditybank realizes the enormous importance of obtaining full Transparency in regards to market-liquidity is indeed an

transparency on the following features. essential feature for any serious market participant as it clearly

shows, whether the sufficient volume of liquidity is available at

the moment. Dukascopy Bank ECN model provides a clear view Transparent Price Feed of the market through its unique market-depth window.

Dukascopy Bank combines the individual bids and offers of all

Swiss Forex Marketplace participants in one place, providing

one transparent price feed for everyone without exception. All Transparent Choice of CustodianDukascopy Bank’s clients receive the same price feed regardless Dukascopy Bank’s clients can benefit from full and transparent of account size or trading strategy. choices of custodian solution with numerous Swiss Banks

which allows flexibility regarding collateral deposit. Under

this banking program, the clients can trade directly with Transparent Historical Data Dukascopy Bank while keeping their capital at the bank of

Historic Data Transparency is an essential point for trading their choice.

strategy development. Dukascopy Bank provides the true historic

price feed for a strategy development and back-testing, with

access to high quality tick-by-tick quotes. Such environment

guarantees a high accuracy of a back-test and excludes any

possibility for a price manipulation by Dukascopy Bank.

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Transparency in Regards to Transparent Instant ReportingExternally Managed Accounts Dukascopy Bank provides real time access to balance, equity and P&L,

Dukascopy Bank maintains a full transparency and a comfortable as well as back-office features for generation of a full set of account level of control when clients grant a mandate to an external statements and reporting. Required information is easily available manager. View mode access to the account assures that all online at any time and allows reports within a specified date-range.transactions and performances of the manager can be followed

in real time. Additional protection is offered by setting up the Cross Language Transparency

acceptable risk level which works like a stop loss function of Programming

resulting in immediate account deactivation when stop loss Dukascopy Bank aims to support the different programming level is reached.languages used in the IT industry. Automatic translation via built-

in convertor enables programming of the trading strategies based

on multiple languages, such as JForex, MT4, MT5, etc.

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Account Types

ukascopy Bank sets up trading accounts for private clients as for the institutional ones. Accounts could be opened in seven basic

currencies – USD, CHF, EUR, GBP, JPY, CAD, and AUD. Various forms of account’s financing are also available (including bank

guarantee, custodian services, etc.).

Account Type

Minimal Deposit USD

Fina

ncin

g

Individuals

Institutions

Bank Guarantee

Segregated Account

Retail

1’000 USD

yes

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Standard

50’000 USD

yes

yes

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FIX API

100’000 USD

yes

yes

yes—

Custodian

250’000 USD

yes

yes

yesyes

Currency Margin Trading Accounts

VIP

500’000 USD

yes

yes

yesyes

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Institutional Services

External Manager Swiss Custodian Bank AccountDukascopy Bank offers a sophisticated reporting and a wide range Dukascopy Bank provides its clients with the facility to trade of risk management tools. This technology allows integration of from any other Swiss Bank. The clients may trade with unlimited number of accounts - trade for all accounts with one Dukascopy Bank while the collateral deposits are maintained click. This is a perfect solution for money managers or hedge with their own banks. The Profit and Loss is settled daily. funds to offer more transparency to their clients.

White Label SolutionBenefits: The Dukascopy Bank ECN White Label program allows Banks,

Brokerage Firms and regulated financial institutions a simple Trading on clients multi currency accounts from one integration of spot FX online trading as an addition to other

master account online products. This solution allows the partner to reinforce its revenues, service offering, reputation and brand name.Immediate and automated trade allocation

Individual clients stop loss level (equity protection)

Accounts activation/deactivation done by clients Benefits: directly online

Attractive income sharing planFull transparency on reportsNo IT development cost and equipment maintenance Interactive functionality to accept/refuse new

expenses managed clientsFully customized Dukascopy Bank trading platformPossibility to add/remove funds without interrupting Complete back office facilities trading24/6 support back upPerformance fee calculation functionality

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www.dukascopy.com

Dukascopy Bank SARoute de Pré-Bois 20, ICC 1215 Geneva 15, Switzerland Tel: +41 22 799 4888(0) Fax: +41 (0) 22 799 4880 e-mail: info@dukascopy.com

This brochure is intended only for Forex professional investors and financial institutions authorized to establish Business-to-Business relationships with Dukascopy Bank. Other persons should not act upon this brochure. Engaging in Forex involves significant risks of losing part or all of the investment. If in doubt about engaging in Forex trading and/or establishing business relationships with Dukascopy Bank one should consult a qualified advisor.