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Dukascopy Launches Binary Options Trading

Dukascopy, the leading Swiss Forex broker and bank, today launched a web-based platform for binary options trading. 

 

The platform is still in its beta version and you can test with a demo account, which you can open here. It comes with a virtual balance of $10,000 – and by the way, you can choose another deposit currency, as well as the ability to trade binary options on a range of underlying assets. Whereas you can currently trade binary options only on Forex instruments – the currency pairs on the menu by the broker, Dukascopy promises to extend the variety of underlying assets in later periods, so that it will include stocks, indices and commodities.

 

The broker is focusing on the most popular and easy to grasp kind of binary options: the “Up/Down” or “Call/Put” binary contracts. With them, a trader places a bet on whether the price of certain underlying instrument will go up or down when a given time period expires. The payouts vary from 0% (well, that happens too) to 90%.

 

Amid the advantages of binary options trading with Dukascopy is ability to work with small trading amounts, as well as the low minimum investment required – you can place a binary options contract with the broker with $1. Adding to the positive news, there are no commissions on top of the premium paid by the trader. 

 

I don't know about you, fellow traders, but this piece of news made my day – nowadays it's so hard to find a solid broker for binary options with minor exceptions like FXDD Malta. And the situation had soured after Alpari UK stopped offering binary options trading for reasons yet unknown. So, the move by Dukascopy is a really good one – it manages to fill this gap in the market, as many traders look for a stable, well-regulated broker, with secure payments systems and trading software, so that they can make use of these easy to handle trading instruments.

 

The launch of a binary options platform was first dubbed by Dukascopy in August 2013, so it's nice to see that the company sticks to its promise. Next up on the agenda are CFDs. 

 

 

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: dukascopy  dukascopy forex broker  swiss forex broker  binary options  binary options platform  forex trading  binary options platform  dukascopy bank sa  new forex platform  online trading  call/put  digital options  currency pairs 

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