Dukascopy Japan Secures Approval to Offer Commodity CFDs

Friday, 06/09/2024 | 13:30 GMT by Jared Kirui
  • The company’s commodity CFDs will be available through both LIVE and DEMO JForex accounts.
  • Dukascopy Japan also plans to obtain a license to offer CFDs on equities.
Dukascopy

Dukascopy Japan has introduced commodity CFD trading following approval from Japan’s Ministry of Economy, Trade, and Industry (METI) and the Ministry of Agriculture, Forestry, and Fisheries (MAFF). The company can now offer commodity CFDs, such as oil, gas, and precious metals, to its clients.

New Offerings from Dukascopy Japan

With the newly granted commodity license, Dukascopy Japan can now offer commodity CFDs alongside its existing forex trading services. These instruments will reportedly be accessible through both LIVE and DEMO JForex accounts for the company’s Japanese clientele.

By leveraging its new commodity trading license, the company aims to position itself to attract a wider clientele and enable it to access commodities like oil, gas, and precious metals. This will reportedly enable clients to diversify their portfolios and explore new market opportunities.

Besides this, Dukascopy Japan plans to obtain the necessary license to offer CFDs on equities in the near future. The company expects to take advantage of this opportunity to further solidify its presence in the Japanese financial market by broadening its trading products. Dukascopy Japan K.K. operates as a 100% subsidiary of Dukascopy Bank and has been a key player in the Japanese forex market since 2015.

Other Developments at Dukascopy

Recently, Dukascopy announced its financial results for the first half of the year, highlighting a substantial decline in consolidated income from trading activities. The numbers fell to CHF 5.14 million, a 46% drop from CHF 9.61 million posted last year. The broker's net profit also plunged 81% to CHF 80,815.

The firm's trading income also fell to CHF 4.88 million, compared to CHF 9.23 million in the corresponding period in 2023. This represents a 47% decline. The performance followed a 33% annual drop in trading income for the Swiss online broker last year.

Meanwhile, Dukascopy has announced a special offer for former FlowBank clients. Following FlowBank's recent bankruptcy , the company offered a 50% CashBack on volume commissions for the lifetime of the account.

Dukascopy Bank SA also expanded its CFD instruments to include Italian stocks and the Italy 40 Index. The service reportedly enables Dukascopy clients to access Italian market giants like Enel Spa, Ferrari NV, Assicurazioni Generali Spa, and Fiat Chrysler Auto NV.

Dukascopy Japan has introduced commodity CFD trading following approval from Japan’s Ministry of Economy, Trade, and Industry (METI) and the Ministry of Agriculture, Forestry, and Fisheries (MAFF). The company can now offer commodity CFDs, such as oil, gas, and precious metals, to its clients.

New Offerings from Dukascopy Japan

With the newly granted commodity license, Dukascopy Japan can now offer commodity CFDs alongside its existing forex trading services. These instruments will reportedly be accessible through both LIVE and DEMO JForex accounts for the company’s Japanese clientele.

By leveraging its new commodity trading license, the company aims to position itself to attract a wider clientele and enable it to access commodities like oil, gas, and precious metals. This will reportedly enable clients to diversify their portfolios and explore new market opportunities.

Besides this, Dukascopy Japan plans to obtain the necessary license to offer CFDs on equities in the near future. The company expects to take advantage of this opportunity to further solidify its presence in the Japanese financial market by broadening its trading products. Dukascopy Japan K.K. operates as a 100% subsidiary of Dukascopy Bank and has been a key player in the Japanese forex market since 2015.

Other Developments at Dukascopy

Recently, Dukascopy announced its financial results for the first half of the year, highlighting a substantial decline in consolidated income from trading activities. The numbers fell to CHF 5.14 million, a 46% drop from CHF 9.61 million posted last year. The broker's net profit also plunged 81% to CHF 80,815.

The firm's trading income also fell to CHF 4.88 million, compared to CHF 9.23 million in the corresponding period in 2023. This represents a 47% decline. The performance followed a 33% annual drop in trading income for the Swiss online broker last year.

Meanwhile, Dukascopy has announced a special offer for former FlowBank clients. Following FlowBank's recent bankruptcy , the company offered a 50% CashBack on volume commissions for the lifetime of the account.

Dukascopy Bank SA also expanded its CFD instruments to include Italian stocks and the Italy 40 Index. The service reportedly enables Dukascopy clients to access Italian market giants like Enel Spa, Ferrari NV, Assicurazioni Generali Spa, and Fiat Chrysler Auto NV.

About the Author: Jared Kirui
Jared Kirui
  • 1284 Articles
  • 15 Followers
About the Author: Jared Kirui
Jared is an experienced financial journalist passionate about all things forex and CFDs.
  • 1284 Articles
  • 15 Followers

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