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Dukascopy launches Touch Binary options trading

Jun 26 2017
By
Jonathan Smith

  

After a successful testing in Demo environment Dukascopy Bank and Dukascopy Europe have launched trading in Touch Binary options in live mode. The new type of binary options is now available to all binary options trading account holders, the Swiss brokerage announced on Friday previous week.

 

Touch Binaries are binary options on FX currency pairs with 2 remote strike prices set around the open price of the option. At order initiation, the client defines a target price level (which is the strike price that makes the option mature with profit) and the contract duration. At the same time, the system automatically sets the second target price level (which is strike that makes the option mature at a loss) on the other side of the current instrument price and on the same distance from it.

 

If the option's underlying instrument reaches or exceeds the Profit strike level at any time prior to expiry – the option would be executed with profit. In case Loss strike level is hit – the option is executed at a loss.

 

There is, of course, a third scenario - if the option's underlying instrument price does not reach either of the strike prices during the entire period of contract’s duration, the option is cancelled without settlement. This means that there is neither trading profit, nor loss, and the contract amount is returned to the client.

 

Keep in mind that Dukascopy binary trading platforms are designed only for manual trading, and automated data entry systems are expressly prohibited.

 

Dukascopy Bank is licensed as a bank and as a securities dealer by Switzerland’s Financial Market Supervisory Authority (FINMA). It was set up in 2004 and is based in Switzerland’s Geneva, but also operates globally through offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong.

 

The company owns owns 100% in brokerage Dukascopy Europe IBS, e-payments provider Dukascopy Payments, both based in Latvia, as well as Japanese broker Dukascopy Japan K.K., formerly Alpari Japan K.K. Dukascopy Europe was acquired by Dukascopy Bank in May 2011.

TAGS: Dukascopy  touch binary options 

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