We are glad to inform that from now on you can order Dukascopy virtual card not only from Visa but also from Masterсard brand in four major currencies: American Dollar, Euro, British Pound and Swiss Franc.
Virtual card represents a perfect solution if you like to shop and pay your bills online, as it offers the same benefits and same level of security as plastic card just without owning one. Moreover, virtual card is ready to use immediately after the order - no need to wait for post delivery and no activation procedure required.
To order virtual cards simply visit our web or mobile application.
The US will celebrate annual Thanksgiving Holiday on Thursday, November 28th. For special market closures on Thursday and Friday please check Trading Breaks Calendar.
Dukascopy Bank is happy to inform that DUK+/EUR rate has doubled in the period of just one month. DUK+/EUR bid rate was 0.65 on the 21st of October, reached 1.30 on the 15th of November and is currently steadily holding at over 1.20 since the 21st of November.
This achievement is even more remarkable when comparing to the negative pace of cryptocurrencies such as Bitcoin, Ether, Litecoin and the majority of others. It confirms the sustainability of the key concepts of the Dukascoin project published in the Whitepaper.
It is worth pointing out that the current positive dynamic of the DUK+/EUR exchange rate is supported by a stable trading volume on the internal marketplace. This is another confirmation of the steady interest from the public to the first cryptocurrency issued by a regulated bank.
On Sunday 3rd of November daylight saving time ends and clocks in the United States are turned back one hour.
Trading hours will follow winter schedule for the following CFDs (Indices, Commodities, Bullions, Bonds, Stocks and ETFs):
Please be aware that market opening of our systems and daily settlement will be changed to 22:00 GMT on that date.
On Sunday 27 October daylight saving time ends and clocks in Europe are turned back one hour.
Trading hours will follow winter schedule for the following European CFD markets (Indices, Commodities, Bonds and Stocks):
Due to UK Parliament Vote on the new Brexit deal which will take place this Saturday, 19-Oct-2019, Dukascopy Bank has temporary lowered maximum exposure on GBR.IDX/GBP to 100 Contracts.
Due to the fact that MT4 accounts are not subject to over-the-weekend leverage 1:30, maximum exposure level for GBP Related instruments for MT4 accounts will be reduced to 15 contracts (1.5 mio).
Due to the ongoing risks of market gaps in a politically driven market environment, these reduced maximum exposure levels will remain until further notice.
Dukascopy Europe informs about its website fraudulent clone on the domain dukas-broker.ru. Please be aware that this website is not controlled and does not belong to Dukascopy Europe or any other entity of Dukascopy group.
Do not trust any information on the website dukas-broker.ru. This website and all information provided on this webpage is SCAM. Do not provide any personal data on this website.
We are taking actions against this fraudulent webpage.
Dukascopy is expanding its list of 550+ FX and CFD instruments by adding following CFDs on commodities, indices and bonds:
More detailed information about SWAP rates, trading breaks and other trading conditions is provided in the corresponding section of the website.
Total list of CFDs can be found here.
Be informed, that the list of CFDs tradeable with Dukascopy is continuously increased.
Due to the upcoming Labor Day holiday in the US on Monday 2nd September, several markets will be subject to early or total closure on at that day.
The full details of the changes may be found here.
Please also note that the fee schedule for single stock CFDs and ETFs has been reviewed. Follow the link to see the updated commission rates.
Geneva, 11th July 2019 - Dukascopy Bank is pleased to announce the first listing of its own cryptocurrency Dukascoin on the first external trading venue - Swiss Crypto Exchange (SCX)
On February, 28 Dukascopy Bank has launched Dukascoin - the first public blockchain-based crypto token issued by a bank. This event has marked an important milestone in the crypto-friendly long-term strategy of the bank. Since then, Dukascoin has been actively traded inside the internal ecosystem of the bank, attracting significant interest from investors. During the last several months Dukascopy has been actively preparing the next great landmark for its cryptocurrency - external admission to trading.
After careful research and diligent selection process, the bank is now glad to announce the first partnership with one of the most recognized and well-established Swiss crypto companies - Swiss Crypto Exchange (SCX). The bank has highly appreciated the professional team standing behind SCX managed by its CEO Dr. Francesco Adiliberti and its Executive Chairman Dr. Christian Katz and - two well-known and respected members of the Swiss financial industry. Dukascopy Bank is looking forward to fruitful and long-lasting cooperation with SCX in the crypto domain.
Starting from this week, global institutional and private investors will have the opportunity to transact in Dukascoins outside of Dukascopy Bank's environment, freely sending and receiving the bank's cryptocurrency in the blockchain. The bank would like to remind that anyone interested can follow all the latest updates related to Dukascoin on the dedicated web site www.dukascoin.com. This resource publishes all relevant information about the prospective business uses of the token inside or outside the bank.
The bank is equally happy to present an essential additional benefit that clients of Dukascopy will obtain from the partnership with Swiss Crypto Exchange. All clients will get access to trading in popular cryptocurrencies, for example, Bitcoin (BTC) or Etherium (ETH) against Dukascoin or fiat currencies. In this convenient arrangement, clients will be able to keep their money in the safe custody of their Dukascopy bank accounts while buying or selling crypto via SCX (you can read SCX's press release here).
"Switzerland is our home market and is of strategical importance for us. Therefore, we have been particularly careful when selecting a partner exchange. I am certain that we have entrusted our first integration of Dukascoin to the partners who understand the financial and crypto markets very well. They are true professionals. Moreover, I am personally delighted to work closely to Dr. Christian Katz, who has been managing SIX exchange for years and who knows very well how a proper Swiss exchange should be organised." said Dr. Andre Duka, co-CEO of Dukascopy Bank.
As it was announced, on the 3rd of July, 2019 Dukascopy Bank has started the Public Test phase of its Dukascash project (announcement). The positive reaction of the market to that announcement almost doubled the price of the Dukascoin.
During the Public Test, Dukascopy Bank declares its intention to check the industry's general interest towards stable coins backed by the Bank and invites the leading crypto industry actors to a dialogue regarding the project.
At the same time, the Bank will verify the effectiveness of the developed procedures related to Dukascash, its regular monitoring system and the potential ability to expand the project within the short time frame upon the request of potential partners. To do so, in the framework of the Public Test, the Bank is going to add to the list of tokens another five stable coins.
These new stable coins are CNY+, GBP+, JPY+, MXN+ and RUB+ pegged to Chinese Renminbi, Pound of Sterling, Japanese Yen, Mexican Peso and Russian Ruble, respectively. Such expansion of Dukascash tokens should prove the scalability of the project.
Creating the family of stable coin tokens supported by the Bank, freely convertible with the same cross rates as their base currencies is considered by the Bank as a general target of the project. In fact, the Bank may rapidly extend the list of Dukascash tokens family members up to 23 currencies, all of which are currently available as a base currency for clients' accounts. Further extension of the list will be considered on a case-by-case basis.
The Bank reminds that during the period of the Public Test, which will continue until the official termination, the Bank does not take any obligation and does not guaranty the continuation of the project. In any case and independently on the results of Public Testing, possible future amendments to the White Paper and continuation or discontinuation of the project, the Bank takes an obligation to buy back all Dukascash tokens purchased by clients during the Public Test phase. See details in the Public Test disclaimer.
Dukascopy Bank is publishing the White Paper of its new crypto project named Dukascash. With Dukascash the Bank presents to the crypto industry its vision of a stable crypto currency backed by a bank. The Bank offers a range of payment tokens (currency tokens) circulating in public blockchain. The circulation of the bank's token in public blockchain is the most important advantage in comparison to competitors' solutions. It is the first and only product of that type in the banking industry. The official website of the project is www.dukascash.com
Dukascash is the family of universal digital payment means denominated in different fiat base currencies. Dukascash is designed by the Bank as a basket of low volatility tokens. The exchange rates of these tokens against its base fiat currencies in the long-term perspective is supposed to seek parity with those currencies.
Dukascash will exist in the form of ERC-20 smart-contracts over Ethereum blockchain and represents tokens softly linked to EUR, USD and CHF. Tickers for the above mentioned tokens will be EUR+, USD+ and CHF+ respectively. The list of base currencies will be extended at later stages upon client's requests.
Before the official launch of the product, the Bank announces a public testing phase of the project. The bank invites all crypto industry professionals to participate in the public testing of Dukascash. During that phase the minimum size of a transaction is established at 1000 or more tokens. This measure is intended to protect retail clients from the risks associated with participation in the testing processes.
In any case and independently on the results of public testing, possible future amendments to the White Paper and continuation or discontinuation of the project, the Bank takes an obligation to buy back all Dukascash tokens purchased by clients during the public test phase.
During the public testing stage, the Dukascash White Paper does not create any obligation for the Bank to launch and maintain the products and/or services described in the White Paper. The public testing phase starts July 3rd, 2019. The termination of public testing will be announced separately. The Bank will apply its strict AML/KYC procedures to all operations with clients involving Dukascash.
Dukascash White Paper is available here.
Starting from the market open on the 16th of June 2019, Dukascopy Bank increases the maximum net exposure for MT4 accounts from 3 to 5 million units of primary currency (or 50 MT4 lots) per currency pair and per MT4 account. For precious metals (XAU/USD only), the net exposure is increased from 2'300 ounces to 3'800 ounces (or 38 MT4 lots).
The higher net exposure up to 15 million units of primary currency is available for the same trading instruments in our proprietary JForex3 trading platform.
We are gladly announcing that Dukascopy Europe IBS AS, a subsidiary of Dukascopy Bank, will participate in The IT Forum 2019 - Rimini.
The event will take place on 12th and 13th of June, doors will be opened from 9am till 6pm. We look forward to meeting you at Booth 41B!
Dukascopy Europe is participating at the General Assembly of ACI Forex Slovenia as one of the sponsors of the event. You can meet our representatives in Bohinjska Bistrica from 14th to 16th of June.
Location of the event: Bohinj ECO Hotel 4*, Bohinjska Bistrica, Triglavska cesta 17
Dukascopy Bank announces a launch of beta-version of newly developed Web Binary platform for mobile devices. The platform addressed to all traders who are willing to trade via mobile application but are limited by restrictions of AppStore and GooglePlay.
Browser-based smartphone friendly Binary platform allows trading of Up/Down binary options. Additional features as well as possibility to trade Touch options will be added soon in the later versions. Stay tuned for new updates!
Dukascopy Bank probably is the only regulated bank who provides binary options. Two types of binary options which are traded on 18 currency pairs together with high reward payout (up to 90%) makes its offer unbeatable for binary traders.
Bank welcomes its clients to try the new platform on their smartphone!
15 months ago, at the beginning of 2018, Dukascopy Bank had set an ambitious goal to become the most dynamic and fast-growing retail banking institution in Switzerland. Today we are proud to report that the business model developed by Dukascopy Bank to achieve that goal is completely sustainable: 100 000 clients have entrusted to our institution their payment needs and assets! And the pace is gathering in speed: more than 50% of the amounts of retail accounts have been opened during last three months. In fact every three months the bank doubles its on-boarding productivity.
Our retail clients can reach the financial world by double-tapping on the screen of their smart-phones. A state-of-the-art bank-bot will guide the client through the wide range of unique services offered by Dukascopy Bank:
For those who prefer more traditional ways of managing their money Dukascopy Bank offers personal prepaid Dukascopy Visa card in EUR, USD, CHF and GBP allowing either to pay bills and services online and in stores (millions of locations supported) or to get cash in ATM’s. Transfers between the retail account and carda (deposits and withdrawals) are also free of charge.
Key components of the success reached are the following:
Based on above mentioned factors Dukascopy Bank reduced the cost of onboarding of per client from 100 down to less than 3 EUR!
The convergence between Swiss banking traditions and modern technologies in Dukascopy Bank's retail products brought the bank to its current impressive result and has created a well-grounded basis for the development of even more fascinating products which will be announced very soon. While celebrating this new milestone we can endorse our bank's ambitious goal as stated in the Dukascoin project Whitepaper:
With the trend continuing to be so dynamic, the Bank is eager to become the biggest digital bank regulated in Switzerland.