Do not invest more money than you can afford to lose.
Swiss forex bank Dukascopy Bank said on Wednesday it has increased the maximum leverage for UK Brent Oil and US Crude Oil to 100:1 from 30:1. The new trading conditions will come into effect from 9 September,2016, at 1400 GMT.
Meanwhile, the broker will cut the maximum net exposure on contracts for difference (CFDs) and precious metals. Following are the new exposure limits that come into effect on 9 September:
|Instrument||Maximum exposure in contracts (for CFDs) /|
Oz (for precious metals)
Dukascopy Bank noted that clients may request to increase or wave the maximum exposure levels, but if they do so they will trade with a lower maximum leverage of 20:1 (10:1 on weekends).
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). Its services include banking, trading in forex, CFDs, binary options, and business-to-business solutions.
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.