Swiss forex bank Dukascopy Bank said on Thursday it has expanded its forex offering on Demo accounts with the introduction of Euro to Russian ruble (EUR/RUB). The currency is demo traded with a leverage of a maximum 10:1.
Demo accounts are used for practicing trading. Unlike live accounts, demo accounts do not operate with real money and investors can learn to trade without risking their funds. They are suitable for traders without much experience who want to get used to trading without risking real money, as well as for traders who want to try out a new trading strategies.
Traders can test trade via a Demo account with Dukascopy Bank for a period of 14 dаys. Its account balance can range from 1,000 to 1.0 million currency units in one of 17 base currencies. The broker offers a combined Demo account for forex and contracts for difference (CFDs) trading and a separate one for binary option instruments.
Dukascopy Bank’s services include banking, trading in forex, CFDs, binary options, and business-to-business solutions. It is licensed as a bank and as a securities dealer by Switzerland’s Financial Market Supervisory Authority (FINMA). The bank was set up in 2004 and is based in Switzerland’s Geneva, but also operates globally through offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong.
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.