Dukascopy, the Swiss forex bank and brokerage firm, has announced that effective today it will be offering significant cost reductions on its commission charges for single stock CFD instruments.
The reduced charges will allow traders to take advantage of its new rates while lowering their trading costs, offering them savings of up to 60%.
Specifically, Dukascopy has adjusted the minimum commission for European stocks which was cut from 10 EUR to 4 EUR, or that equivalent in other currencies. Standard commission however remains unchanged at the level of 0.1% of the client’s turnover.
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The latest changes are one step towards the optimisation of cost-effective trading. The firm now offers its CFDs traders amongst the lowest commissions in the industry.
Last week, the Geneva-headquartered forex broker announced the live launch of its web platform, JForex Web 3. Following a period of beta testing, the web-based terminal is now fully operational and available to all customers.
Dukascopy has already advertised a number of features that make trading more efficient, but when rolled out for a beta testing phase across the demo environment, the web platform only offered manual trading. Now, the live mode is equipped with automated trading based on JForex API after the broker supplemented JForex Web 3 with a new module, called ‘Strategies’, which allows algo traders to also manage their strategies from the web platform.