#Dukascopy Hedging

[bowsetter]

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

The Partnership

Bitstamp announced on Friday that it has “partnered with Dukascopy Bank, one of the leading Swiss online banks, to enable crypto funding on their platform.” The exchange elaborated:

Dukascopy’s clients can now send bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

Geneva-based Dukascopy Bank offers currency and precious metal (forex) trading to retail and institutional clients. Its website explains that the funding and withdrawals of BTC are offered through “crypto-fundable trading accounts,” adding that BTC is currently the only cryptocurrency supported.

The bank explained that any BTC sent by clients to it will always be converted to USD. Bitstamp is responsible for exchanging fiat funds to BTC and back for the bank. “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank described, adding:

In case of withdrawal, the bank debits an amount of USD from the crypto-fundable client account, converts such amount into BTC at a current rate and transfers the bitcoins to the client wallet linked to his account.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

Dukascopy Bank’s Crypto CFD Offerings

This is not Dukascopy Bank’s first foray into the crypto space. It already provides contract for difference (CFD) “trading on price movements of cryptocurrencies, its derivatives or value estimations,” according to its website. Currently, only CFDs on BTC and ETH are available, both with a 33 percent margin requirement and a leverage ratio of 1:3.

Dukascopy Bank’s website further details that customers with opened CFD positions do not own the underlying assets and the “price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges.” The bank also noted that its CFD “prices on cryptocurrencies are unique and based on its ability to hedge Dukascopy positions with external counterparties.”

What do you think of the partnership between Dukascopy Bank and Bitstamp? Let us know in the comments section below.

Images courtesy of Shutterstock, Bitstamp, and Dukascopy Bank.

Need to calculate your bitcoin holdings? Check our tools section.

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

READ MORE http://bit.ly/2DzXSdu

[fxasker-blog]

WHAT CONVERSION RATES DO SpediaFX USE?

WHAT CONVERSION RATES DO SpediaFX USE? Read More http://fxasker.com/question/31e619ef5996010c/ FXAsker

[lindajohnsonn]

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] posted first on http://thediaryofatrader.com/

[aubreytownsend]

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] published first on http://thediaryofatrader.com/

[thediaryofatrader]

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

[cryptswahili]

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

The Partnership

Bitstamp announced on Friday that it has “partnered with Dukascopy Bank, one of the leading Swiss online banks, to enable crypto funding on their platform.” The exchange elaborated:

Dukascopy’s clients can now send bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

Geneva-based Dukascopy Bank offers currency and precious metal (forex) trading to retail and institutional clients. Its website explains that the funding and withdrawals of BTC are offered through “crypto-fundable trading accounts,” adding that BTC is currently the only cryptocurrency supported.

The bank explained that any BTC sent by clients to it will always be converted to USD. Bitstamp is responsible for exchanging fiat funds to BTC and back for the bank. “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank described, adding:

In case of withdrawal, the bank debits an amount of USD from the crypto-fundable client account, converts such amount into BTC at a current rate and transfers the bitcoins to the client wallet linked to his account.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

Dukascopy Bank’s Crypto CFD Offerings

This is not Dukascopy Bank’s first foray into the crypto space. It already provides contract for difference (CFD) “trading on price movements of cryptocurrencies, its derivatives or value estimations,” according to its website. Currently, only CFDs on BTC and ETH are available, both with a 33 percent margin requirement and a leverage ratio of 1:3.

Dukascopy Bank’s website further details that customers with opened CFD positions do not own the underlying assets and the “price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges.” The bank also noted that its CFD “prices on cryptocurrencies are unique and based on its ability to hedge Dukascopy positions with external counterparties.”

What do you think of the partnership between Dukascopy Bank and Bitstamp? Let us know in the comments section below.

Images courtesy of Shutterstock, Bitstamp, and Dukascopy Bank.

Need to calculate your bitcoin holdings? Check our tools section.

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

[Telegram Channel | Original Article ]

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