Dukascopy enters the binary platform provider business to compete directly with the many developers in the crowded field such as Spotoption, Techfinancials, Tradologic,Marketspulse, PandaTS, Leverate and more.
Swiss Dukascopy Bank SA, has taken the final and decisive step for its complete involvement into the binary options scene. An established financial services firm in terms of banking and forex trading, including a solid white-label infrastructure consisting of numerous forex brands, Dukascopy is now officially positioning itself in the binary options industry.
This process had started recently, with the first step coming in late August when the company had announced the launching of Binary options trading on demo accounts, with this new product being offered through a special type of account and a separate platform. According to the company itself, the unique features of binary options offered by Dukascopy are fixed uniform payouts of up to 90% and FX price feed directly from Dukascopy SWFX Marketplace. Up/Down type options and FX instruments are offered at first.
The next step came on 12th September, when the company announced that “Binar options trading is now available on Live also for Dukascopy Europe clients. Trading conditions are identical to the ones offered at Dukascopy Bank, including SWFX price feed and fixed uniform payouts of up to 90%. The minimum deposit is only 100 USD.”
Lastly, the final step came yesterday when it was announced that Dukascopy is ready to offer binary options to its white-label partners and that the service has been integrated in the white-label infrastructure. This means that the company’s existing forex brands will be able to quickly add binary options trading for their clients.
Moreover, through the offering of binary options trading to its white-labels as a platform provider, Dukascopy practically chooses to directly and openly compete with the existing platform developers thus far dominating the market, such as Spotoption, Techfinancials, Tradologic, Marketspulse, PandaTS, Leverate and others.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.