Binary Options from Dukascopy Group Go Live through Dukascopy Bank
- After several months of beta testing on the demo platform, the event makes the swiss company the first real bank to offer the relatively new financial tool to cater to the needs of retail investors.
Just a day after the conclusion of the iFX Expo, and in the aftermath of announcing solid financial results for 2013, Dukascopy is in the news again as it made public today that it will be launching live trading on its binary options platform.
The brand new offering is quite different from what most current binary options traders are used to seeing. The Swiss retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term heavyweight has found a way to make an automatic and fair solution both for the broker and the client through integrating its regular FX spreads into the binary options price forming mechanism.
After the trade button is clicked, a 5-second countdown starts before the position is actually opened. Hence the option and the expiration period countdown will actually start after this period expires, only if the execution criteria are met. Once the button is clicked, there is no possibility to cancel or modify the binary option during the countdown.
That is to say, that when a trader is presented with a choice of whether to buy a "call" or a "put" option on a certain asset, he will have different prices for every action. Dukascopy has introduced a spread in order to minimize its risk exposure and provide reliable execution for the client.
This is quite a different approach from what the vast majority of other companies in the binary options space are doing - they normally source data from the "bid" and "ask" columns of assets and average it out to a middle point. Dukascopy is taking full advantage of its existing Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term data feed and is integrating both "bid" and "ask" columns into its binary options.
It all comes at a price though - the minimum deposit for a binary options account with Dukascopy Bank is $1,000. While it is still much lower than the $5,000 requirement for a Forex trading account, it appears that the company is aiming at a high-end clientele, at least when compared to the recent average first deposit for binary options accounts. Dukascopy Bank's existing clientele will have no lower limits to transfer funds to a binary trading account.
The company's binary options offering entered beta testing back in February and the payout rates are one of the highest in the industry, coming at 90% for traditional Up or Down binary options. For now, the platform includes major USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY crosses, accompanied by the USD/RUB.
Just a day after the conclusion of the iFX Expo, and in the aftermath of announcing solid financial results for 2013, Dukascopy is in the news again as it made public today that it will be launching live trading on its binary options platform.
The brand new offering is quite different from what most current binary options traders are used to seeing. The Swiss retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term heavyweight has found a way to make an automatic and fair solution both for the broker and the client through integrating its regular FX spreads into the binary options price forming mechanism.
After the trade button is clicked, a 5-second countdown starts before the position is actually opened. Hence the option and the expiration period countdown will actually start after this period expires, only if the execution criteria are met. Once the button is clicked, there is no possibility to cancel or modify the binary option during the countdown.
That is to say, that when a trader is presented with a choice of whether to buy a "call" or a "put" option on a certain asset, he will have different prices for every action. Dukascopy has introduced a spread in order to minimize its risk exposure and provide reliable execution for the client.
This is quite a different approach from what the vast majority of other companies in the binary options space are doing - they normally source data from the "bid" and "ask" columns of assets and average it out to a middle point. Dukascopy is taking full advantage of its existing Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term data feed and is integrating both "bid" and "ask" columns into its binary options.
It all comes at a price though - the minimum deposit for a binary options account with Dukascopy Bank is $1,000. While it is still much lower than the $5,000 requirement for a Forex trading account, it appears that the company is aiming at a high-end clientele, at least when compared to the recent average first deposit for binary options accounts. Dukascopy Bank's existing clientele will have no lower limits to transfer funds to a binary trading account.
The company's binary options offering entered beta testing back in February and the payout rates are one of the highest in the industry, coming at 90% for traditional Up or Down binary options. For now, the platform includes major USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY crosses, accompanied by the USD/RUB.