Dukascopy Expands JForex Trading With 32 New ETFs Across Key Sectors
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Dukascopy has added 32 new exchange-traded funds (ETFs) to its list of tradable instruments. The company, which was founded in 2004, has created many different trading tools, such as MT4, MT5, and JForex. Dukascopy also gives banking services to people and businesses, like White Label and banking-as-a-platform.
The company stated that the new instruments can now be used in JForex accounts. Dukascopy Bank clients can use leverage up to 1:10, while clients from Dukascopy Europe can use leverage up to 1:5.
Only Buy Positions Are Allowed For These ETFs
These new ETFs cover many areas like Cryptocurrency, Cybersecurity, Aerospace, Artificial Intelligence, and Real Estate. Only buy positions are allowed for these ETFs. The firm advised clients to visit its website to learn more about SWAP rates and other trading details.
The bank also rolled out a High Volume Cashback Program. This program gives money back on fees when clients trade over $500 million in a month. If clients have more than one margin account, they can combine their trades to join the program. The bank shared that each month, they will get the cashback at the beginning of the next month and the cashback amount goes up if the trading volume is higher.
According to reports, Stock CFDs are not included in this program, and if clients already have discounts, they can only get up to 50% off the regular fee.
Dukascopy Japan, a subsidiary of Dukascopy Bank has been given the go-ahead by Japan’s Ministry of Agriculture, Forestry, and Fisheries (MAFF) and Ministry of Economy, Trade, and Industry (METI) to offer commodity CFDs like gas, oil, and precious metals.
These products will be available on both LIVE and DEMO JForex accounts. The firm, which has been operating in Japan’s forex market since 2015, plans to get a license to offer equity CFDs.
Dukascopy Launched New Money Market Products
Dukascopy Bank recently introduced new money market investment products named Interest GBP, Interest USD, and Interest EUR. These products offer interest rates of 5.45%, 5.70%, and 4.03%, depending on how well the funds perform.
According to the bank, these products are created for clients who want to grow their money safely and slowly. They are also available to people who want steady returns on USD, EUR, and GBP holdings.
Dukascopy says these offerings are perfect for people who want a little risk and already know a bit about investing. In addition, members of Dukascopy’s Gold, Silver, or Platinum Loyalty Program can get up to 50% off maintenance fees, giving more perks to long-term customers.
The bank stated that the current yearly performance is just for reference. It advised clients to take note of the maintenance fees with these investments and they should go to its website to get more information about these fees before getting involved with the new products.
