Dukascopy has additionally introduced that MT4 accounts are welcome to check crypto buying and selling on Demo accounts as MT4 crypto buying and selling will go reside within the nearest future, in addition to extra crypto devices.
Dukascopy Financial institution has elevated leverage from 1:3 to 1:5 on BTC/USD, ETH/USD, and LTC/USD with quick impact, the corporate announced.
The financial institution implicitly justified the leverage increase with having “mastered efficiently” the latest rise in volatility and the crash of crypto currencies on 18th of Could 2021.
Based mostly on “environment friendly and dependable danger administration”, the margins wanted to commerce crypto may be lowered and the utmost internet publicity is elevated for Dukascopy Financial institution and Dukascopy Europe purchasers:
100 000 USD publicity restrict on BTC/USD, ETH/USD
50 000 USD publicity restrict on LTC/USD
BTC/USD, ETH/USD, LTC/USD are traded continuous 7 days every week.
Dukascopy has additionally introduced that MT4 accounts are welcome to check crypto buying and selling on Demo accounts as MT4 crypto buying and selling will go reside within the nearest future, in addition to extra crypto devices. The dealer additionally boasts its proprietary buying and selling platform, JForex4, available to its white label partners.
In March 2020, the ‘craziest’ month in buying and selling historical past, Dukascopy Financial institution posted a press release in response to common considerations concerning the monetary scenario of the market members after the latest oil and shares value drops in addition to excessive volatility on the foreign money markets.
In response to accounts incurring damaging balances because of the latest market developments, Dukascopy reported that 80 such damaging accounts appeared on March 9, 2020, totalling $340,000 which is according to the Financial institution’s danger urge for food. Dukascopy Financial institution says it would clear these damaging accounts at its expense. It is not going to be asking purchasers for any compensation.
The financial institution famous that every one danger mitigation measures in place have confirmed to be efficient and enough to make sure the steadiness of the corporate throughout present and former extraordinary market occasions (abandon of the EUR/CHF peg, BREXIT, Trump election, and many others.). Such measures are commonly reassessed and adjusted by the Financial institution.
In 2019, Dukascopy launched its personal preliminary coin providing on February 28, in the future previous to Mizuho Financial institution. Dukascoin (DUK+) is a cost token utilizing the ERC-20 customary on the Ethereum blockchain.
Dukascoins are designed as a crypto technique of cost to be created in restricted amount to serve each as cost and hypothesis means. The financial institution may also launch Dukasnotes that are designed to be secure in worth and are assured by Dukascopy by way of a assure fund topic to impartial audit and deposited with Dukascopy.