Dukascopy adds TRY/JPY, ZAR/JPY to demo instruments list

Dukascopy adds TRY/JPY, ZAR/JPY to demo instruments list

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The Swiss forex brokerage Dukascopy Bank said it has expanded the forex instruments list for demo accounts and has added two new pairs: Turkish Lira to Japanese Yen (TRY/JPY) and South African Rand to Japanese Yen (ZAR/JPY).

According to the broker, the additions are in response to numerous requests from Japanese traders. The new currency pairs currently are available only for Self traders’ demo accounts, but Dukascopy says they will soon be launched for live trading as well.

It is interesting what the leverage on the TRY/JPY pair will be, considering that on Thursday Dukascopy said it is reducing the maximum leverage on the EUR/TRY and USD/TRY pairs to 1:10 because of the possible risk of significant price gaps and low liquidity on Turkish lira (TRY) instruments.

In the past several months the brokerage group has been actively expanding and tweaking its offering. Only last week, for example, Dukascopy announced it is teaming up with the Belorussian bank MTBank and launched a forex brokerage unit, MTBankFX.

In June Dukascopy expanded its offering with CFDs on single stocks and in May launched an e-wallet service – Dukascopy payment. 

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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