TRADE ECN FOREX/CFD

Following its policy of the gradual cooling off the coin reward rates, Dukascopy Bank would like to inform that starting from July 1, 2021 reduced but more flexible coin reward rate schedule will be introduced. Current more aggressive staking reward rates will be in force till the end of June, 2021 thus clients willing to allocate their Dukascoins stock with more lucrative rates are invited to act. Stakes allocated before the July 1, 2021 will not be affected by the change.

New coin reward schedule will become the following:

EUR Reward rate will remain the same and equal to the 0.45 (0.50 for the Dukascoins in the blockchain) EUR for every Dukascoin allocated by the staking deposit for 1 year and 0.09 (0.10) EUR for every Dukascoin allocated by the staking deposit for 3 month term. We would like to remind that the minimum staking deposit size required according this program is only 500 Dukascoins.

Please beware of trading breaks for CFD's and Bullion on US Memorial day, Monday 31^st May. Detailed market closures can be found here.

Dukascopy Bank is increasing leverage from 1:3 to 1:5 on BTC/USD, ETH/USD and LTC/USD with immediate effect.

The recent rise in volatility and the crash of crypto currencies on 18^th of May 2021 was mastered successfully by the Bank. Based on an efficient and reliable risk management, the margins needed to trade crypto can be reduced as of today.

At the same time the maximum net exposure is increased for Dukascopy Bank and Dukascopy Europe clients as follows:

• 100 000 USD exposure limit on BTC/USD, ETH/USD
• 50 000 USD exposure limit on LTC/USD

BTC/USD, ETH/USD, LTC/USD are traded non-stop 7 days a week.

MT4 accounts are now welcome to test crypto trading on Demo accounts.
Stay tuned for the MT4 Live crypto trading and additional crypto instruments in the nearest future.

Dukascopy Bank became a Qualified Derivatives Dealer (QDD) by entering into an agreement with the U.S. Internal Revenue Service. As a QDD, Dukascopy Bank is now authorized to make dividend-equivalent payments on US CFD instruments with the relevant amount of withholding tax deducted. The new status significantly improves the offering for both Trading and Multi-Currency Accounts (MCA) and allows account holders to keep positions over the ex-dividend date and benefit from the US-sourced dividends. The mandatory withholding tax is currently set at 30% while Dukascopy Bank is further working on the improvement of the offering and implementation of the reduced tax rates under double tax treaties. Dukascopy Bank currently offers over 300 US CFD instruments with the total number of international CFDs exceeding 600 instruments.

We would like to congratulate our colleagues from Postfinance and Swissquote for launching a new Swiss neobank Yuh and wish them great success in their new endeavour. Dukascopy Bank is delighted to welcome a new cryptocurrency Swissqoin that will certainly enrich the Swiss crypto industry and assist in making blockchain-based financial technology be widely accepted in Switzerland. Dukascopy Bank has started its digital bank and cryptocurrency two years ago and therefore is happy to greet new serious players in the market.

Unfortunately, we have noticed that some public media channels are referring to Swissqoin as the first cryptocurrency issued by a Swiss bank. It is especially sad that such misleading information was published on the website of Postfinance. We would like to emphasize that cryptocurrency Dukascoin has been launched by Dukascopy Bank in February 2019 and was successfully developing ever since. There are hundreds of thousands of on-chain and off-chain Dukascoin holders and transactions. Dukascopy Bank is welcoming competition and innovation but invites the media and the industry to reflect and respect objectivity.

Besides, it is particularly heartwarming and encouraging for Dukascopy Bank that Swissqoin bears many features and principles that lie at the heart of Dukascoin cryptocurrency. We commend the acceptance of our model and anticipate that more and more banks will realize its benefits and implement similar crypto solutions in their ecosystems.

2020 has been an excellent year with record figures in terms of profitability.

The Bank’s net profit for 2020 was CHF 10.4 million. Additionally, considering its excellent financial results in 2020, Dukascopy Bank has allocated 4.0 mil to create a "Reserve for General Banking Risks", of which CHF 3.4 mil will reinforce its capital base. Without the constitution of this reserve, the net profit for the year 2020 would have reached CHF 13.8 mil.

Total income from ordinary banking operations increased by 43.1% compared to 2019. At the same time, in 2020, operating expenses were 13.8% below operating expenses in 2019. 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.

After increased geopolitical tension, the risks associated with the newly introduced US sanctions against Russia and further uncertainty, Dukascopy Bank has decided to reduce the maximum exposure limit on USD/RUB and EUR/RUB instruments from 5 to 1 million of primary currency. It concerns all trading accounts. The measure intends to prevent possible clients losses in case of significant price gaps in the exchange rate of the Ruble. The maximum leverage on RUB instruments remains unchanged at 1:10.

The revised exposure limit takes immediate effect and will be in force until further notice.

Dukascopy continues to expand its list of more than 750 FX and CFD instruments with the addition of stocks and ETFs from US, Ireland, Hong Kong, France and Germany.

The stocks of the COVID-19 vaccine maker Moderna, Chinese electric vehicle maker Nio, US utility company Plug Power Inc, Uber, the stock of Zoom creators Zoom Video Communications, Chinese multinational electronics company's Xiaomi, Bank of Ireland, Ryanair and many others have been added to Live and Demo trading platforms.

New: 8 ETFs including LYXOR ETF Daily X2 Short Bund, Lyxor Leveraged CAC 40 and an ETF for STOXX Europe 600.

Multiple markets will be closed on Friday, April 2^nd, and during the upcoming Easter holiday weekend.

Details of trading schedules can be checked here.

Dukascopy Bank is applying changes for its staking reward programs to make their conditions more relevant to the coin’s price and the current stage of the project. Please see below.

Staking programs with a reward in EUR have become more affordable with a significantly lower threshold, as the Bank is decreasing the amount of coins required to participate in the EUR reward staking program from 20 000 DUK+ to only 5 000 DUK+. The current reward rates remain intact at 0.1 EUR and 0.5 EUR per Dukascoin reward rate level for 3-months and 1-year stakes respectively if the stakes are allocated in Blockchain. For the stakes placed in the Bank, the new quarterly reward rate is 0.09 EUR per Dukascoin and the yearly rate is 0.45 EUR per Dukascoin. The difference of reward rates between the options of coins allocation in the Bank or in Blockchain is to cover storage-related expenses of the Bank.

There is also a positive change for participants of the staking program with a reward in DUK+: previously, the total amount of coins allocated into the reward could not surpass 25 000 DUK+ on any given Multi-currency account. This limit has been raised to 50 000DUK+.

The changes will come in force as of the moment of the news publication.

Clocks will be advanced by 1 hour this Sunday, 28^th of March in many European countries.
Please be aware that summer time trading schedule will be applied to EU CFDs.

On Monday the Turkish Central Bank governor was dismissed by presidential decree catching markets by surprise. FX spot market reacted with short-term volatility whereas rollovers involving Turkish currency experience a very significant spread increase to as big as 20'000 pips in the interbank market. Dukascopy likes to draw the attention of our clients to changes in the overnight swaps of EUR/TRY, USD/TRY and TRY/JPY, actual rates are published on our website.

Dukascopy is monitoring the situation closely and will react to changed market conditions rapidly and make several changes per day as deemed necessary without additional notice.

Dukascopy Bank would like to remind its current and potential participants of the Dukascoin reward programs, that starting from 1^st of April, 2021 rates for the new coin reward stakes will be lowered and the stakes size structure will be changed. The new income schedule remains stake size dependent and is represented as follows:

The Bank guarantees that this change will not affect stakes allocated before 1^st of April, 2021.

Please be informed that current market conditions allow to acquire significant stakes at the best ASK price as there are more than 18500 Dukascoins available at 3.51 EUR per coin. It is high-time to take advantage of the available liquidity and join the coin reward program before the change is implemented!

In the US, clocks will be advanced by 1 hour this weekend. The FX trading day ends at 5pm NY time and Dukascopy Market opening and settlement time will be changed from 22:00 GMT to 21:00 GMT effectively this Sunday 14 March 2021.

Please be aware that Summer Trading time will be applied for CFDs and metals from the list below.

• XAU/USD
• XAG/USD
• BRENT.CMD/USD
• LIGHT.CMD/USD
• DIESEL.CMD/USD
• GAS.CMD/USD
• COPPER.CMD/USD
• OJUICE.CMD/USX
• SOYBEAN.CMD/USX
• COTTON.CMD/USX
• USA30.IDX/USD
• USA500.IDX/USD
• USATECH.IDX/USD
• USSC2000.IDX/USD
• JPN.IDX/JPY
• DOLLAR.IDX/USD
• USTBOND.TR/USD
• US Stocks and ETFs

Please be aware that the following instruments will close 1 hour earlier from the 15^th to the 26^th of March:

• SUGAR.CMD/USD
• COCOA.CMD/USD
• COFFEE.CMD/USX

28^th of February, 2021: Dukascopy Bank SA is happy to celebrate the second anniversary of the Dukascoin project - the first payment crypto coin issued for public use by a licensed and regulated Swiss bank. We are very proud of the progress achieved during this second year of its journey. Today it’s time to look back and observe the way the project evolved during this period.

Dukascopy Bank changes the Low liquidity fee amount from 0.5 EUR to 0.9 EUR per Dukascoin sold at 3.50 EUR or less. It will be applied to every DUK+ sell trade with no exception for a first Dukascoin sell transaction. Due to that, the minimum trade size on the Dukascoin marketplace is increased from 12.75 EUR to 17.25 EUR.

The changes come in force from the moment the Fees & Limits website page is updated.

Dukascopy Bank would like to inform the current and potential participants of the Dukascoin reward programs that starting from 1^st of April, 2021 reward rates for the new coin reward stakes will be lowered and the stakes size structure will be changed. The updated income schedule remains stake size dependent and is represented as follows:

The Regular reward scheme implies staking and custody on the Multi-currency account of the Bank, while the Blockchain scheme means external staking opportunity at higher rates (link).

This update does not concern EUR Reward rates that remain unchanged (link).

The Bank guarantees that this change will not affect stakes allocated before 1^st of April, 2021. For those who are considering joining the coin reward program with current more lucrative rates, there is more than one month left to decide!

Please beware of reduced liquidity and special trading breaks for CFD's and Bullion on Monday 15^th of February 2021 due to President's Day celebrations in the US.

The detailed market closures can be found here.

Please beware of reduced liquidity and special trading breaks for CFD's and Bullion on Monday 18^th of January 2021 due to Martin Luther King Jr. Day celebrations in the US.

The detailed market closures can be found here.