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Dukascopy bank launches CFDs trading on live accounts

Sep 11 2014
By
Dukascopy, the elite Swiss bank and forex broker, adds CFDs on major indices to its trading instruments after successful tests on demo accounts.

As we reported last month Dukascopy has introduced Contracts for Difference (CFD) on major indices like the German Dax or the Japanese Nikkei on Demo accounts. CFDs are leveraged products by which we trade the difference between the current value of an asset and its future value at the time of the contract's termination without actually acquiring the asset.


Click table to enlarge it.

A plethora of forex brokers are offering this instrument so Dukascopy probably has been asked by its clients to add it to its portfolio. One may presume that not many traders will change Dukascopy for another broker in order to trade a certain instrument. That elite the Swiss forex bank & marketplace is.

Back to business. The leverage of the new instruments is set to 1:100 except for UK Brent oil and US Crude oil in which case the leverage is 1:30. “Currently CFD trading is available upon request for regular LIVE self trading (i.e. individual) accounts only” Dukascopy informs its clients.

As one may expect the CFDs price formation is based on the SWFX ECN marketplace price competition technology. Dukascopy acts as counterparty for each CFD transaction and “may hedge the CFD with other clients or on other financial markets.” Nevertheless, clients are warned that “wider spreads during "off market hours" or a market gap after trading break can significantly decrease the equity on your account and can trigger a margin cut or equity stop loss level.”

Such detailed warnings are not common in forex industry, an example of Dukascopy class.
 

About Dukascopy

Dukascopy Bank is a Swiss forex broker operating out of Geneva. Holding an actual banking license, it is secure and well-regulated, and offers excellent trading conditions: very tight spreads and fast ECN execution through the SWFX Swiss FX Marketplace technology.

Dukascopy offers desktop, web and mobile versions of its proprietary trading platform Jforex, as well as automated trading powered by ZuluTrade.

 

TAGS: Dukascpy  contract for dofference  cfd   

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