Dukascopy Increases Leverage on Cryptocurrency CFDs
Swiss broker and bank Dukascopy announced increasing the financial leverage available for CFD instruments on cryptocurrencies. The allowable leverage will increase from 1:3 to 1:5.
The changes came into force with immediate effect on the broker’s proprietary platform – JForex4. In its official announcement, Ducascopy said the changes could only be made once the high volatility and collapse of the cryptocurrency market on May 18 have been successfully mastered. According to the company, the situation has shown that its risk management is effective and reliable.
The second change announced by Ducascopy is the availability of cryptocurrency pairs for demo accounts on the Meta Trader 4 platform. Soon the instruments are to be added to the offer for real accounts.
The maximum exposure allowed for Dukascopy Bank and Dukascopy Europe clients who trade CFDs on cryptocurrencies is respectively:
- 100 000 USD for the BTC/USD and ETH/USD pairs,
- 50 000 USD for the LTC/USD pair
These markets are available 24 hours a day, 7 days a week.
