I was not talking badly about them. I just said that their pricing model is not sustainable. As we will soon see when either they close or radically change their BOs, or when the flood of kicked out traders will appear here.
Even after I point out your mistakes still don't bother checking and insist with wrong facts.
Here is a picture from my live account. Count the instruments. 18. And before accusing me of Photoshopping, bother opening a demo account and seeing for yourself.
View attachment 16557
It was never 3 seconds.
Let's see. Pretty much all algos use tick data exclusively and are highly profitable. Pretty much all retail traders use candles, and are highly unprofitable.
Hmm, I'll guess I'll take candles then. Yes. I mean everybody uses them, right?
Some traders don't have eyes and hands.
And like I said, you can protect yourself from spikes. How, that's for you to figure it out. And yes, I have a reason for not spelling it out.
Again, lazy fact checking. Dukas doesn't go from 90% to 0%. It goes from 90% to 70% OR 0%. So the valid range of payouts is 90, 85, 80, 75, 70, or BO trading is disabled.
Not a Dukas client like you to "must know" its terms for Binary but what I checked and known are(will reply to your post within):
- Dukas Live Chat and support very ignorant and rude.
First, from my IP address they must have known that I am a US citizen and told me from the start, "we do not accept US Clients", other websites don't wait much, when I type their site address into my browser and enter.. they give me the warning...
It's live chat support are as if someone having a smoke, hamburger, leg on table, chatting with someone, and at end reply to my questions.
They told me that Dukas offer 14 Forex pairs only. The 5 seconds is right despite the support said it was 3 seconds then became 5 and mixed it between demo and live...whatever!!!
- I am not Dukas client and will not become(can't even if want and I don't
), you are Dukas client and do not know what agreement you signed for your live account!!:
Dukascopy Bank reserves the right to change the payout ratio, at any time and at its own discretion, in the 90%-0% range
Unlike other brokers, Dukascopy Bank offers same payout ratios for all tradable instruments. However, as explained above, Dukascopy Bank may adapt the applicable payout ratio at its own discretion. When the payout ratio is modified, the change applies simultaneously to all instruments. At any time, the payout ratio is set at one of the six following levels(Changing or "let us be good" specifying its 90%-0% range sentence):
90%
85%
80%
75%
70%
0%
Can you read it well?!!! It can be 0% too. It does not matter if no %s in between it and 70%, I believe under 80% payout is very difficult for profiting on long term.
- 5 seconds is hilarious. What you said about it can be for your advantage is not accurate. Unless you are praying for each click of call or put that price continues some more fractions of pips in those 5 seconds. OR supposedly you want to put 1.3305 you click 1.3304 hoping price will spike to 1.3305 or more in the 5 seconds delay!!! In any way you are trading unless you are not a technical trader, 5 seconds delay is stupid and disadvantage for clients without adding like other European BO brokers the apply/cancel tab in that interval.
However you want to explain it, there's no trick nothing, does not matter if candles or ticks, simply you get the price you want or trading on 5 seconds interval is PURE GAMBLING and you'll be trading BO as if playing in the Casino as Pharaoh suggests.
- The 90%(worse when it becomes lower!!) is useless when knowing that Dukas ends your position in loss if your executed price and expiry price ends the same, this is pure cheating on clients, but you know it in advance
))
- Also knowing that spreads apply, can be horrible in low volatility market, big disadvantage!!
- I also insist that with no pre-determined expiry price it will be hard for many traders to be profitable, between looking for candle open/close or tick whatever and setting 1 to 60 minute expiry time at same instant!!! Pre-determined expiry time much clearer, easy to trade. I believe no broker other than Dukas use it!!!
- The take it all or nothing is very direct with Dukas while other BO brokers give you the option of getting at least something back.
Summing it up, = price to expiry price = empty handed, 5 seconds and spreads!!! What is left from the 90%?? If it stays like that!!!
Other European BO brokers have 80-85% without spreads without 5 seconds with half hand(investment)
Nothing left in Dukas BO than Swiss Bank Regulation.
