Dukascoin holders who will use DUK+ tokens to deposit and withdraw funds from a special type of trading accounts with fiat base currency (EUR) have a unique opportunity to utilize extra equity and leverage bonuses imbedded directly in the heart of the Dukascoin reward programs.
First of all, rewards envisaged for Coin and Fiat reward programs are accrued in advance. According to the trading account funding by Dukascoins conditions our clients have the opportunity to transfer all available DUK+ including rewards accrued to the special trading account. It means that by default clients can get the Equity Bonus up to 100% in case of deposit of 10000 and more Dukascoins according Coin Reward program schedule.
While those trading accounts remain completely standard in terms of trading condition, thanking to special rate to all exchanges of DUK+ to EUR and EUR to DUK+ called Trading Account Funding Conversion Rate (TAFCR, described below) traders can substantially increase their effective leverage namely up to 80%.
Dukascopy Bank offers to clients the chance to use Equity and Leverage Bonuses at the same time. Three use cases below will describe details of how to bring Dukascoin Equity and Leverage Bonuses to life.
Funding in Dukascoins allows FX/CFD traders to almost double trading margin comparing to regular funding methods.
Besides that, the Dukascoin funding facility creates a unique possibility to simultaneously earn on fixed high return of Dukascoin deposit programs (up to 100% yearly) and to take advantage from trading on Forex/CFD.
Dukascoins can be used as funding means for Dukascopy Forex/CFD margin trading accounts under the following conditions:
You open a Dukascoin-fundable trading account from your MCA accounts's client area and transfer your 1'470.59 DUK+ to this trading account.
The special conversion rate applied for this operation is 0.76 (historical weighted DUK+ price) * 1.8 (multiplicator applied to account funding conversions) => 1.37 EUR for 1 Dukascoin.
You want to make an additional use of the deposit amount and decide to use these funds as margin for a Dukascoin-fundable trading account. You open the trading account from your MCA account's client area and transfer your 20'000 DUK+ to this trading account.
The special conversion rate applied for this operation is 0.76 (historical weighted DUK+ price) × 1.8 (multiplicator applied to account funding conversions) => 1.37 EUR for 1 Dukascoin.
At the present moment clients may request opening a Dukascoin-fundable trading account by contacting their account manager directly or by sending an inquiry to [email protected]
Log in to the Live Member area of your Dukascoin-fundable trading account, proceed to “My Account” section and find the “Deposit in Dukascoins” form:
The amount of DUK+ coins available in your MCA account will be shown in the form. Indicate the amount of Dukascoins you wish to transfer (or tick the “Full transfer” checkbox) and confirm the operation by clicking on the “Submit” button:
Dukascopy will convert the requested DUK+ deposit amount to the base currency of the account (EUR) will be exchanged to EUR using the current TAFCR rate before being creditinged to the trading account.
Log in to the Member area of your Dukascoin-fundable trading account,. proceed to “My Account” section and find the “Withdrawal in Dukascoins” form:
Indicate the desired withdrawal amount in EUR and confirm the operation:
Dukascopy will convert the requested EUR withdrawal amount to DUK+ using the current TAFCR rate before crediting the MCA account.
Dukascopy Bank applies a special rate to all exchanges of DUK+ to EUR and EUR to DUK+ when these operations are executed while depositing or withdrawing funds from a trading account — Trading Account Funding Conversion Rate (TAFCR).
[Average price of DUK+ public trades executed on the Dukascopy internal marketplace during the entire lifespan of the Dukascoin weighted by traded volume and multiplied by the factor of 1.8]
TAFCR = 1.8 x Avg(DUK+)*
* Avg(DUK+) − the average price of DUK+ public trades executed on the Dukascopy internal marketplace during the entire lifespan of the Dukascoin weighted by traded volume.