Dukascopy Reduces Minimum Commissions on Single Stock CFDs

Dukascopy, the Swiss 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 and brokerage firm, has announced that effective today it will be offering significant cost reductions on its commission charges for single stock CFD instruments.

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The reduced charges will allow traders to take advantage of its new rates while lowering their trading costs, offering them savings of up to 60%.

Specifically, Dukascopy has adjusted the minimum commission for European stocks which was cut from 10 EUR to 4 EUR, or that equivalent in other currencies. Standard commission however remains unchanged at the level of 0.1% of the client’s turnover.

The latest changes are one step towards the optimisation of cost-effective trading. The firm now offers its CFDs traders amongst the lowest commissions in the industry.

Last week, the Geneva-headquartered Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term announced the live launch of its web platform, JForex Web 3. Following a period of beta testing, the web-based terminal is now fully operational and available to all customers.

Dukascopy has already advertised a number of features that make trading more efficient, but when rolled out for a beta testing phase across the demo environment, the web platform only offered manual trading. Now, the live mode is equipped with automated trading based on JForex API after the broker supplemented JForex Web 3 with a new module, called 'Strategies’, which allows algo traders to also manage their strategies from the web platform.