Dukascopy Integrates MetaTrader 5 to Trading Platform Suite

Tuesday, 04/06/2024 | 20:33 GMT by Jared Kirui
  • This integration followed the completion of Beta testing and aims to provide better trading services to clients.
  • Dukascopy seeks to complement its existing platforms, JForex 4 and MT4, with MT5 integration.
dukascopy

Dukascopy Bank SA has integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and aims to provide clients with access to better trading services. With this offering, the Swiss online trading platform aims to enhance user trading experience with analytical tools, technical indicators, and a range of trading activities.

Expanded Set of Technical Indicators

MT5 offers a set of technical indicators and timeframes, allowing for a more comprehensive market analysis. Users can access integrated economic calendars about crucial financial events on the platform. Additionally, the Depth of Market view provides deeper insights into market dynamics, offering traders a detailed perspective on market conditions.

According to the press release, the online bank believes that MT5 will complement its existing platforms, such as JForex 4 and MT4, and offer traders unmatched flexibility and analytical capabilities. By adding MT5 to its offerings, the bank seeks to provide a secure and efficient trading environment.

Dukascopy offers trading services across a wide range of financial instruments, including currencies, commodities, precious metals, indices, stocks, bonds, and cryptocurrencies . The bank's global clientele can now leverage MT5 features to enhance their trading strategies and achieve better outcomes, the firm said.

Entry into Crypto Space

Last year, Dukascopy launched a crypto lending service to enable users to borrow cash, leveraging their crypto holdings. This move aims to address the growing demand for financial flexibility within the crypto community. By allowing customers to access up to 50% of their crypto asset value without the burden of repayment commitments, Dukascopy seeks to cater to the evolving needs of digital asset traders and investors.

To access this service, users must hold a multi-currency account with Dukascopy, which serves as the central hub for crypto lending . Upon finding their multi-currency account, users can choose to retain their crypto investments while accessing a portion of their value in cash. For instance, if a client deposits 0.1 Bitcoin valued at $20,000 per Bitcoin, they can access $1,000 in their multi-currency account, with the remaining amount deposited into a trading sub-account.

While Dukascopy's entry into crypto lending marks a significant development, regulatory scrutiny surrounds such services, particularly in the United States, where several crypto companies face regulatory pressure.

Dukascopy Bank SA has integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and aims to provide clients with access to better trading services. With this offering, the Swiss online trading platform aims to enhance user trading experience with analytical tools, technical indicators, and a range of trading activities.

Expanded Set of Technical Indicators

MT5 offers a set of technical indicators and timeframes, allowing for a more comprehensive market analysis. Users can access integrated economic calendars about crucial financial events on the platform. Additionally, the Depth of Market view provides deeper insights into market dynamics, offering traders a detailed perspective on market conditions.

According to the press release, the online bank believes that MT5 will complement its existing platforms, such as JForex 4 and MT4, and offer traders unmatched flexibility and analytical capabilities. By adding MT5 to its offerings, the bank seeks to provide a secure and efficient trading environment.

Dukascopy offers trading services across a wide range of financial instruments, including currencies, commodities, precious metals, indices, stocks, bonds, and cryptocurrencies . The bank's global clientele can now leverage MT5 features to enhance their trading strategies and achieve better outcomes, the firm said.

Entry into Crypto Space

Last year, Dukascopy launched a crypto lending service to enable users to borrow cash, leveraging their crypto holdings. This move aims to address the growing demand for financial flexibility within the crypto community. By allowing customers to access up to 50% of their crypto asset value without the burden of repayment commitments, Dukascopy seeks to cater to the evolving needs of digital asset traders and investors.

To access this service, users must hold a multi-currency account with Dukascopy, which serves as the central hub for crypto lending . Upon finding their multi-currency account, users can choose to retain their crypto investments while accessing a portion of their value in cash. For instance, if a client deposits 0.1 Bitcoin valued at $20,000 per Bitcoin, they can access $1,000 in their multi-currency account, with the remaining amount deposited into a trading sub-account.

While Dukascopy's entry into crypto lending marks a significant development, regulatory scrutiny surrounds such services, particularly in the United States, where several crypto companies face regulatory pressure.

About the Author: Jared Kirui
Jared Kirui
  • 1480 Articles
  • 22 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1480 Articles
  • 22 Followers

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