DUKASCOPY or MB TRADING ???

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newark18
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Postby newark18 » Wed Apr 07, 2010 1:35 pm

Good to know, thanks. btw, I already started my application process through M6
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tking
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Postby tking » Tue Apr 13, 2010 10:52 pm

Can someone here provide a reference to a comparison of spreads for Dukascopy and MBT? I have tried to compare the two by looking at their sites simultaneously and it appears MBT has tighter spreads, but I am sure there must be a much better comparison somewhere.

By the way, Dukascopy has a great Iphone app.

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M6Andre
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Postby M6Andre » Tue Apr 13, 2010 11:04 pm

tking wrote:Can someone here provide a reference to a comparison of spreads for Dukascopy and MBT? I have tried to compare the two by looking at their sites simultaneously and it appears MBT has tighter spreads, but I am sure there must be a much better comparison somewhere.
By the way, Dukascopy has a great Iphone app.

TKing,

If you use a MT4 little tool that show the spread on you Live MBT charts and open simultaneously a demo JForex at Dukascopy (note that the feed of the demo is the same as Live at Dukascopy) using the following new tool I just made available Free to those asking for it, you will be able to compare side by side the spreads on all pairs and report your findings to us.

The new Spread Tool video for JForex at Dukascopy :
http://www.molecule6.com/en/jforex-auto ... ategy.html

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tmanbone
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Postby tmanbone » Tue Apr 13, 2010 11:13 pm

Andre,

How did you work out the legalities of assigning a beneficiary to your funds in your Dukascopy account? Thanks,
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M6Andre
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Postby M6Andre » Tue Apr 13, 2010 11:45 pm

tmanbone wrote:Andre,
How did you work out the legalities of assigning a beneficiary to your funds in your Dukascopy account? Thanks,

Tmanbone,

My investment company is the owner of the funds at Dukascopy and if I die, the company including all assets will legally go to my 2 daughters. So, with the proper documents and legal assistance from the trust handling my will, they will be able to withdraw the funds and close the account. I have no special instuctions or document regarding this issue at Dukascopy.

Andre

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M6Andre
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Postby M6Andre » Mon Apr 19, 2010 2:25 pm

Free Spread utility tool for JForex at Dukascopy

Spread is a free Dukascopy JForex utility tool (Strategy/same as Expert Advisor for MT4) very useful for monitoring spread levels. It is showing the spreads of multiple pairs directly on the charts. Watch the tutorial video, you will see how useful it may be for you !
JForex Spread Strategy

I do not know if possible to attach a file here. So go the the Website and ask for your free version. I have a few other free tools, so look around and ask for them...

From Andre at Molecule6.com

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newark18
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Postby newark18 » Mon Apr 19, 2010 3:10 pm

Why is it beneficial to be in Switzerland? Does it relate to US tax?
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M6Andre
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Switzerland banking

Postby M6Andre » Mon Apr 19, 2010 3:18 pm

newark18 wrote:Why is it beneficial to be in Switzerland? Does it relate to US tax?


Newark18,

Well, Switzerland banking is totally independent from the rest of the world and very solid. So many large corporations and wealthy individuals prefer to have accounts there as there is security and strict confidentiality. You will also never receive any tax related documents, etc...

Andre

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newark18
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Postby newark18 » Mon Apr 19, 2010 3:23 pm

So the gains in a dukacopy account are never reported to the US? wow, that is very beneficial...not that I plan to evade anything...
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Postby billie-on-air » Mon Apr 19, 2010 8:14 pm

I found this as i read the Dukascopy traders agreement...

15. Conflicts of Interest

The user understands that the business model of the SWFX Swiss Forex Marketplace consists in ensuring best execution .....Dukascopy is counterparty of each trade and counter trade.In some circumstances,Dukascopy may not hedge entirely or may not hedge at all certain trades. In such cases,Dukascopy may have opposite positions towards Users.

Any course for concern regarding that statement. Sounds to me like how most bucketshops operate if i understood that statementment well.

Feedback anyone...

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