Forex Marketz Daily Forex News – Fully Markets Update
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, making trading more affordable for its clients who will be able to make 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 equivalent in other currencies. Standard commission, however, remains unchanged at the level of 0.1% of the client’s turnover.
The latest changes are one step towards the optimisation of cost-effective trading with Dukascopy which 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 has supplemented JForex Web 3 with a new module, dubbed ‘Strategies’, which allows algo traders to manage their strategies also from the web platform.
