Broker to Trading

Dukascopy Bank is a Swiss regulated Forex broker offering trading in a wide range of CFD markets, including Cryptocurrency CFDs. Crypto CFDs are available on MT4 and JForex. Dukascopy allows deposits and withdrawals via crypto assets and offers a token (Dukascoin).

What are Crypto CFDs ?

Cryptocurrency CFDs are Contracts for Difference. These allow the trader and the provider to exchange the difference in value of the CFD between the start and end of the trade. The value of the CFD is based on the value of the underlying market, in this case Cryptocurrencies. The trader does not own any Cryptocurrency when trading a Cryptcurrency CFDs.

What are Cryptocurrencies ?

Cryptocurrencies are a type of asset (called crypto assets), more generally called tokens. The token itself performs a function, which is to allow transactions to take place from a wallet to another wallet, as well as other functions depending on the token.

Powering the process of value transfer is typically (but not always) the blockchain. This is a distributed electronic ledger which records these transactions. The ledger is secured using cryptography, hence the name 'cryptocurrency'.

The blockchain does not operate via centralised control, rather distributes its functions, providing mechanism so that others may perform them.

To actually process transactions, blockchains employ a variety of techniques, principally either Proof-Of-Work or Proof-Of-Stake.

Proof-Of-Work uses miners to process transaction, motivating them via a competitive reward structure, as well as the need to expend energy solving a computationally demanding problem.

Proof-Of-Stake requires those who want to process transactions to stake a certain amount of the network's token, motivating with rewards (from transactions fees) and discouraging undesired behavior by risking the stake.

Why trade Crypto CFDs at a Forex broker ?

Forex brokers offering CFD trading and Crypto CFDs allow the trader to trade Cryptos within the same platform used to trade other CFDs. This opens up platform such as MetaTrader, which has long been used to trade Forex and CFDs (Forex is typically offered as a CFD).

These platforms provide a wide range of tools for trading, including technical analysis and fundamental analysis, both used extensively in Forex trading but also in Crypto CFD trading.

Dukascopy Bank offers both MT4 and JForex for Crypto CFD trading. Both platforms have a wide range of tools for trading CFD markets. CFDs allow the trader to use leverage and to go long or short on markets (thus allowing the trade to trade in rising and falling markets).

Are Crypto CFDs available to trade at weekends ?

Cryptocurrencies are traded on exchanges 24/7. Some Forex brokers also allow Crypto CFD trading at weekends, as well as during the week. Dukascopy Bank is one such provider, offering its range of Crypto CFDs at weekend and during the weekdays.

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What is the range of Crypto CFDs offered at Dukascopy Bank ?

Dukadcopy Bank offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, Dashcoin, EOS, TRON, Cardano, Uniswap, Chainlink, Polygon, Aave, Maker, Compound, Enjin, Yearn Finance and Basic Attention Token CFDs. The Crypto CFDs are offered as USD pairs.

Some of these Crypto CFDs are offered with leverge of 5:1, but most are offered with 1:1 leverage. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, EOS and Stellar CFDs are offered with 5:1 leverage (20% margin). Dukascopy.

Is it possible to fund an account in Crypto ?

To trade on a live account rather than a demo account, it is necessary to deposit at least the minimum deposit required by the broker. The minimum deposit for Dukascopy Bank is $1000.

Dukascopy Bank offers a number of payment methods to deposit, including Credit/Debit Cards, Bank Transfer, Skrill and Neteller. However Dukascopy Bank also allows the trader to fund their account using Cryptocurrencies (i.e. crypto assets). Traders can deposit and withdraw via Bitcoin, Ether and Tether.

Accounts denominated in crypto assets are not available, so when funds are sent by a Cryptocurrency, they are converted into USD into the trader's account (or from the trader's account in the event of a withdrawal).

What other trading markets does Dukascopy offer ?

Dukascopy offers trading in Forex, Indices, Energy, Metals, Stocks, Cryptocrrency, Bonds and Soft Commodities CFDs. It has a total of 1000+ markets available to trade (the bulk being Stocks CFDs).

Is Dukascopy regulated ?

Dukascopy Bank SA is based in Geneva in Switzerland and is regulated by the Swiss Financial Supervisory Authority (FINMA).

What is Dukascoin ?

Dukascoin (DUK+) is a crypto token. DUK+ is used in conjunction with Dukascopy Bank's banking services via staking, which are separate from its trading services.