Dukascopy Bank SA is a Swiss forex broker that offers online trading services through its own platform called JForex. It is available as desktop, web and mobile versions and provides access to Swiss Forex Marketplace (SWFX). The bank claims it is ‘a unique centralized-decentralized marketplace model’ that combines liquidity of other marketplaces and banks.
Web version of the platform doesn’t require any download or installation. Following logging into the platform the initial workspace is loaded. It is organized in three windows and each of them can be hidden, freeing space for others. Orders can be placed from a dedicated window located at the left side. There are two big buttons showing buy and sell prices and corresponding bid and offer quantities. That represents the ECN model and Level II quoting. Place Bid and Place OFFER buttons are below buy and sell ones. They can be used for placing pending orders. Entry orders can be set in fields defining the type of order, maximum slippage and prices. A separate section showing market depth (quantities and bid/ask prices of four liquidity providers) is below that fields. The number of providers can be changed to 3, 5 or 10 by right-clicking on it. Active instruments are displayed at the bottom of the New Order window.
If One Click options is enabled, market orders are filled directly, without the need of submitting them. Otherwise, a click on the buy or sell button opens an order preview window. Then the market order should be submitted or cancelled. Open positions appear into the Positions window where they can be closed or modified by the options from the dropdown menu when right clicking on it. There are four tabs displaying Position Summary, Positions, Orders and Messages.
The main part of the workspace is occupied by charts. There are four chart windows initially. They can be maximized, closed, undocked from the platform or arranged in tabs. Charts can be displayed as candlesticks, bars or lines from a tick to 1-month time-frames. Customers can choose between bid and ask prices to be shown. Drawing tools include lines, rays, segment, polyline, geometric shapes, channels and Fibonacci retracement. There are 46 indicators arranged in groups and there is a link to the economic calendar as well. Zooming can be done by buttons or by mouse scroll wheel. Orders can be made from charts directly by right-clicking and choosing the desired action (place pending or market orders).
There is a menu bar at the top of the platform where the basic features can be used. The customized workspace can be saved in the JCloud. Customers can view reports, launch market news (shown in a new tab in the position window) or use other useful features such as advanced forex calculator and economic calendar. Social Signal Trading allows customers to follow the activity of selected traders.
