Dukascopy to offer CFDs on single German stocks

Dukascopy to offer CFDs on single German stocks

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Dukascopy, the Swiss forex brokerage, announced it is expanding its offering to clients of Dukascopy Bank and Dukascopy Europe with CFDs on single stocks. They are available on the broker’s Live trading platform.

The new offering includes stocks of 34 companies from Germany, such as BMW, Adidas, Bayer, BASF, Deutsche Bank, Allianz, Lufthansa, Henkel, Hugo Boss, Merck, SAP and TUI. The maximum leverage on those instruments will be 1:10.

According to the broker, it will launch CFDs on Swiss and UK companies in the nearest future and is planning to gradually expand the offering with other major markets.

The new instruments are available via the instrument selector in Dukascopy’s trading platform.

Earlier in June the broker was among the first to announce it is hiking margins ahead of the eventual Brexit and the expected market volatility.

Last month Dukascopy launched its e-wallet electronic service Dukascopy Payment, integrated into its messaging service. Earlier in the year the broker extended the expiration period of its binary options to 24 hours.

2015 was a record for Dukascopy in terms of trading volume and helped it stay profitable for third consecutive year.

Dukascopy Bank, set up in 2004, is based in Switzerland’s Geneva and operated globally through offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong. It is licensed as a bank and as a securities dealer by Switzerland’s Financial Market Supervisory Authority (FINMA). The company owns 100% in brokerage Dukascopy Europe IBS , e-payments provider Dukascopy Payments, both based in Latvia, as well as Japanese broker Dukascopy Japan K.K., formerly Alpari Japan K.K.

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