TRADE ECN FOREX/CFD

Dukascopy Bank would like to inform current and potential participants of the Dukascoin reward programs that starting from 1^st of October, 2020 reward rates schedule for the new coin reward staking deposits will be changed. The new income schedule remains deposit size dependent and be represented as follow:

• 1 000 deposited Dukascoins - 20% coin reward for 1 year deposit and 3.5% for a 3 month deposit;
• 2 000 - 30% and 5% respectively;
• 3 000 - 40% and 6.5% respectively;
• 4 000 - 50% and 8% respectively;
• 6 000 - 60% and 9.5% respectively;
• 10 000 - 70% and 11% respectively.

Bank guarantees that following change will not affect deposits allocated before 1^st of October, 2020. For those who are considering joining the coin reward program with current more lucrative rates there are 2 weeks left to decide!

Starting from the 11^th of September 2020 Dukascopy Bank and Dukascopy Europe expand trading hours for margin trading on BTC/USD, ETH/USD and LTC/USD. These are the first-ever instruments to be tradable over-the-weekend through Dukascopy platforms. It also replaces the existing rule to close all crypto-pair positions before the weekend. To further increase the appeal of crypto trading, Dukascopy has secured a significant reduction of the spread on BTC/USD.
 
This improvement and many others represent a decision of the bank to upgrade its JForex3 trading platform in favor of next generation - JForex4.

Please beware of reduced liquidity and special trading breaks for CFD's and Bullion on Monday 7^th of September 2020 due to Labor day celebrations in the US.

The detailed market closures can be found here.

The Bank has published its interim financial statement H1 2020. The figures demonstrate extraordinary and continuous growth in trading revenues and net profit. In Q2, the Bank recorded the strongest results ever. In composition with the outstanding results from Q1, the Bank recorded the best financial results for H1 in the history of its existence.

The Bank's net profit for the first six months of 2020 was CHF 12.5 million, which is 17 times higher compared to the net profit for the same period of last year. Revenues from trading activities in first six months increased by 82 percent compared to the same period of last year. This growth is a result of increased client trading activity in response to strong volatility on financial markets.

The interim balance sheet and income statement of Dukascopy Bank and Dukascopy Group are available via this link.

Dukascopy is expanding its list of instruments with a set of Hong Kong equities. The updated list of trading instruments includes FX, precious metals, CFD on commodities, indices, bonds, crypto currency and stocks from 15 countries including Hong Kong.
With this update clients will be able to trade 26 new instruments and the total amount of instruments has reached 667.

The maximum leverage for Hong Kong equities at Dukascopy Bank is 1:10, it is 1:5 for clients of Dukascopy Europe.

More detailed information about SWAP rates, trading breaks and trading conditions is found on the website.
Total list of newly added CFDs can be found here.

Dukascopy will continue to extend its list of trading instruments to meet customer's requests.

Starting August 10, 2020, Dukascopy Bank together with UPS introduce lower fees for express worldwide plastic cards delivery. The new delivery fee will be 10 CHF, meaning a 50% reduction compared to the previous fee of 20 CHF. Dukascopy Bank is grateful to UPS for this collaboration and expects that Dukascopy Bank clients will benefit from enjoying an even more comfortable, cost effective and reliable way to order plastic cards worldwide.

Cards will be shipped from Switzerland and delivered personally by a courier to the cardholder, usually in a few working days, depending on the destination country. For each order clients will have a separate tracking code which allows them to track the real-time order location.

A new White-Label partner of Dukascopy Bank has started its operation in Ukraine. The bank PJSC “Bank SICH” has extended its product range with a Forex/CFD trading solution powered by Dukascopy Bank. It will operate under the brand name “PowerBank®Trade”, being regulated by the National Bank of Ukraine.

Please beware of reduced liquidity and special trading breaks for CFD's and Bullion on Friday 3^rd of July 2020 due to Independence Day celebrations in the US. The detailed market closures can be found here.

Due to the increased geopolitical tensions around Hong-Kong, Dukascopy Bank decided to reduce leverage on CFD of the Hong Kong index HKG.IDX/HKD to the level of 1:10.

This measure will become effective at 12:00 GMT, on Monday, 29 June 2020.

We invite all traders with open positions in HKG.IDX/HKD to consider the necessary adjustment of their exposure before this time.

The reduced leverage will stay in force until further notice.

Considering the gradual markets stabilization after the most stressed period of COVID-related turbulence in recent months, Dukascopy Bank is easing the restrictive margin requirements introduced on certain instruments previously.

• BRENT.CMD/USD – Leverage increases from 1:10 to 1:30
• LIGHT.CMD/USD – Leverage increases from 1:5 to 1:30
• DIESEL.CMD/USD – Leverage increases from 1:10 to 1:30
• GAS.CMD/USD – Leverage increases from 1:10 to 1:30
• CFDs on Indexes – Leverage increases from 1:30 to 1:50
• XAU/USD – Leverage increases from 1:30 to 1:100
• XAG/USD – Leverage increases from 1:30 to 1:50

The updated leverage values are entering into force with immediate effect.

Over-the-weekend policy conditions for JForex accounts remain unchanged. Further adjustments of margin requirements might be made later, following the development of the situation on the markets.

Dukascopy Bank is extending the range of funding methods available to clients by adding Ether (ETH).

This becomes the 2^nd crypto-currency after Bitcoin (BTC), launched in October 2018, that can be used to deposit and withdraw funds from a trading account opened as “crypto-fundable”.

The crypto-currency (ETH or BTC) is the payment vehicle, at arrival they are automatically converted into the base currency of the account (US Dollar) and credited to the client’s account with the Bank. Likewise, when withdrawing funds from a crypto-fundable account, those are debited in USD and automatically converted into crypto-currency and sent to the client’s registered blockchain wallet address.

More information on account funding in crypto.

After more than one year into the Dukascoin staking program, Dukascopy Bank is appraising the results as a very good start. 325 staking deposits for the total value of 855,120 Dukascoins (0.72 deposits per day since the launch of the project) demonstrate that the first cryptocurrency by a Swiss bank has received careful attention from the clients. Moreover, many users have already renewed their stakings for the second year.

However, the project does not stand still. The Bank has prepared a number of great surprises for this year. The first of them is to be announced right now! Starting from June 1, the staking program will be extended to add 3-month staking deposits. New terms will work for both types of rewards – coin and fiat. The Bank believes that the shorter-term staking proposal will be particularly attractive for traders willing to have their free capital work while preserving the comfortable level of liquidity.

The Bank will pay as much as EUR 0.10 per coin as a reward for fiat staking deposits, which yields 7.3% return per quarter at the current DUK+ price of EUR 1.37. Coin reward for the coming quarter for a 3-month staking deposit of 10,000 DUK+ will be as high as 12.5%, or 1,250 DUK+.

Besides, new term deposits will also qualify for Big Fish - Referral Program Level 2.

More information can be found on www.dukascoin.com under the sections dedicated to Reward Deposits or by contacting our support via [email protected] e-mail or Support Chat.

Due to the possible increase of volatility in the price of gas in the coming weeks, Dukascopy is temporarily reducing leverage on gas CFD (GAS.CMD/USD) to 1:10.

The leverage reduction measure will be applied in two steps:

•  For clients with no open positions in the instrument the change will be done immediately (Monday, 25 May 2020).
•  For clients that have existing open positions in the reference instrument, the reduced leverage will come into effect as of the market opening, on Sunday, 31 May.

We invite all traders with open positions in GAS.CMD/USD to consider the necessary adjustment of their exposure before the weekend market closure.

The reduced leverage will stay in force until further notice.

Please beware of trading breaks for CFD's and Bullion on US Memorial day, Monday 25^th May. Detailed market closures can be found here.

Dukascopy Bank increases its eligible capital by CHF 9.48 million (up to CHF 46.09 million) with a profit for the first three months of 2020 (after review of interim financial statement as of 31 March 2020 performed by KPMG SA). The condensed interim balance sheet and condensed income statement is available via this link.

Dukascopy Bank continues to demonstrate effectiveness, reliability and high performance in the conditions of turbulence on financial markets and the COVID-19 pandemic. April's profit continues this growth trend, ending the month with 969 000 CHF.

Positions in LIGHT.CMD/USD are subject to adjustment today: Debit USD 136.00 for 1 LONG contract; Credit USD 134.00 for 1 SHORT contract.

To avoid adjustment rates traders should close opened positions in LIGHT.CMD/USD prior to 20:40 GMT.
Trading of LIGHT.CMD/USD will be stopped earlier at 20:40 GMT today.

Positive adjustments are made before market is opened; negative adjustments are processed shortly after market opening.

Please refer to corresponding website section for more information

Dukascopy Bank would like to remind current and potential participants of the Dukascoin reward programs that starting from 1^st of June, 2020 reward rates for new coin reward staking deposits will be reduced by 10% from current levels. The new income schedule will remain deposit size dependent and be represented as follows:

• 1 000 deposited Dukascoins - 20% coin reward;
• 2 000 - 30%;
• 3 000 - 40%;
• 4 000 - 50%;
• 5 000 - 60%;
• 7 500 - 70%;
• 10 000 - 80%.

The Bank guarantees that the following reduction will not affect deposits allocated before 1^st of June, 2020. For those who are considering joining the coin reward program with current lucrative rates there are 3 weeks left to decide!

Please be aware that Monthly Adjustment date on LIGHT.CMD/USD in May 2020 has been moved forward due to recommendations received from counterparties.

LIGHT.CMD/USD monthly adjustment date is set for tomorrow, the 8^th of May 2020.

Please refer to corresponding website section for more information.