Dukascopy Launches CFD Trading on Live Accounts, Pricing Based on SWFX ECN Marketplace

Swiss Dukascopy Bank SA has just announced the launch of live CFD trading on its platform. The new instruments will only be available to regular Live self-trading accounts and will be added to already existing platforms. According to the announcement, traders who are willing to obtain access to CFDs on the live environment, should contact their account manager.

For now, the Dukascopy Europe subsidiary of the company is not getting the offering, however, if history is any guide this should only be a matter of time, as previously the firm launched its binary options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term with Swiss Dukascopy Bank and later made available the functionality to demo users of its European subsidiary.

The list of CFDs includes both major brands of crude oil and 8 indices - German DAX 30, French CAC 40, Swiss SMI 20, UK’s FTSE 100, Japanese Nikkei 225, the Dow Jones Industrial Average, the S&P 500 and the leading US-listed tech companies benchmark, NASDAQ.

Having in mind the low FX volatility which preceded this launch, the company is aiming to diversify its offering and offer better and more trading opportunities to its clients. According to sources close to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates, the next move of the company could include the launch of some CFDs on major shares.

The leverage for crude oil trading is 1:30, while the indices come with what has become the industry’s standard 1:100.

The price formation mechanism of the new CFD offering is based on the company’s proprietary SWFX ECN Marketplace competition technology, with Dukascopy acting as a counterpart for each transaction while reserving its right to hedge the CFD contract exposure on other financial markets. In its typical transparency spirit, Live clients of the Swiss bank will be able to request information about the hedging instruments used by Dukascopy.

Dukascopy Bank SA launched CFD trading for demo accounts only two weeks ago.