TRADE ECN FOREX/CFD

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.

Dukascopy resumes trading on LIGHT.CMD and cancels the "close only" restriction put in place on 21 April.

As of Monday, 04 May at 10:00 GMT clients will once again be able to open new positions on LIGHT.CMD.
Maximum exposure is limited to 650 contracts, a leverage of 1:5 will be applied to all accounts, including clients that presently have existing positions.

The measures will remain in place until further notice. 
The above mentioned measures concern both Dukascopy Bank and Dukascopy Europe.

Please beware of reduced liquidity and special trading breaks on the upcoming Labor Day the 1st of May 2020.

The detailed market closures can be found here.

Positions in BRENT.CMD/USD are subject to adjustment today: Debit USD 255.00 for 1 LONG contract; Credit USD 252.00 for 1 SHORT contract.

To avoid adjustment rates traders should close opened positions in BRENT.CMD/USD prior to 20:40 GMT.
Trading of BRENT.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.

Due to the limitations applied on the LIGHT.CMD/USD liquidity flow by certain counterparties amidst the extremely volatile market conditions, Dukascopy Bank is temporarily constraining trading on that instrument for its clients. Starting from the publication of this announcement traders won’t be able to increase their exposures in LIGHT.CMD/USD.

At this stage the Bank is not imposing compulsory closure of existing positions. However, clients are informed about the possible price feed interruptions and reduced liquidity during eventual position closure attempts.

The restriction on exposure increase is entering into force immediately for clients of Dukascopy Bank and Dukascopy Europe and is to remain effective until further notice.

Considering the dramatic volatility of Oil prices and risk of its trading with negative values or close to zero, Dukascopy Bank announces its intention to further change Oil related margin trading conditions.

The Bank informs its clients in advance, that further leverage reduction could be introduced to 1:5 for CFDs on Oil should the price of BRENT.CMD/USD or LIGHT.CMD/USD reach of 10 USD. Taking in account the current volatility, such changes may happen unpredictably and suddenly and Dukascopy Bank will be forced to implement a reduced leverage with immediate effect.

Dukascopy is asking clients to consider the above mentioned information while managing their positions and trading accounts. Also Dukascopy warns that should BRENT.CMD/USD or LIGHT.CMD/USD prices continue to drop and reach 5 USD, Dukascopy may further reduce the leverage depending on the situation (including to the level 1:1 or even temporary disabling further trading for CFDs on Oil).

The above mentioned measures concern both Dukascopy Bank and Dukascopy Europe.