According to company information on Swiss Dukascopy Bank’s website, the firm’s Dukascopy Europe subsidiary is launching binary options demo accounts for the clients of the entity. The move is a natural progression of the firm’s strategy to diversify its offering.
The company’s announcement states that live accounts are to follow soon. If history is any guide, we can expect the launch of live trading within the next quarter. The firm announced its binary options platform earlier this year, offering demo trading since February. Live accounts trading followed in May.
The move will open the way for Dukascopy to onboard many more clients to its relatively high payout platform, which so far has been limited to the majority of binary options aficionados.
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The minimum deposit required to open a live binary options account with Dukascopy Group’s Swiss entity Dukascopy Bank SA is $1,000. There is not a big percentage of traders keen in binary options who can afford to put up with this high amount. The minimum deposit required for opening a live trading account at the company’s European subsidiary is very likely to be lower.
According to information obtained by Forex Magnates, the company is also working to deliver a white labeling solution for its binary options offering, opening the way for a new major player in the space and providing very competitive trading conditions.
Just last week, Forex Magnates reported exclusively that founding shareholder and Executive Manager of Dukascopy, Veronika Duka, has taken over CEO responsibilities from former CEO Alain Broyon who vacated the position for “private and personal reasons.”