Swiss forex bank Dukascopy Bank said it has lowered the minimum equity requirement for self-trading accounts to CHF 20 (or the equivalent in other base currencies) from CHF 100.
In addition, the equity stop-loss level has been automatically adjusted on trading accounts where the default level has never been manually changed by the client. However, clients can still adjust it to their liking, whenever necessary.
Dukascopy Bank is licensed as a bank and as a securities dealer by Switzerland’s Financial Market Supervisory Authority (FINMA). It 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.