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.