Dukascopy Expands CFD Soft Commodities Product Offering

Dukascopy, a Switzerland-headquartered foreign exchange (forex) bank and brokerage firm, announced this Tuesday that it has expanded its soft commodities offering by adding three new products.

The new soft commodities are Coffee (COFFEE.CMD/USX), Cotton (COTTON.CMD/USX) and Orange Juice (OJUICE.CMD/USX). The announcement today follows on from an earlier promise by Dukascopy towards the end of February, when the Swiss bank extended the number of tradable instruments on its platform by introducing contracts for differences (CFDs) on soft commodities for the first time.

At the time, as Finance Magnates reported, the broker added CFDs on Cocoa (COCOA.CMD/USD) and Sugar (SUGAR.CMD/USD). At the same time, it promised to add three additional soft commodities in the near future, which were subsequently launched today.

With today’s additions, investors can now trade CFDs on five separate soft commodities. The maximum Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term for the new commodities is 1:30; however, for Dukascopy Europe account holders, leverage is capped at 1:10.

Dukascopy Launches its Own Crypto Dukascoin

Today’s announcement is the latest for Dukascopy, which has recently revealed a number of changes at the 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 bank, including the official launch of its cryptocurrency - the Dukascoin.

As Finance Magnates previously reported, the Swiss-based firm airdropped its own cryptocurrency on the 28th of February this year, one day ahead of its scheduled date as the forex broker wanted to save its self-described designation as “the first regulated bank to launch an ICO.”

“We got to know that Japanese Mizuho Bank has equally announced their token to be unveiled on the same day. We accept the challenge and move the date of the launch to the 28th of February – one day in advance,” the company said in a statement at the time.

At first, Dukascoin tokens will be available as rewards for using Dukascopy’s Connect 911 messenger and the associated MCA accounts.