Dukascopy Japan has introduced commodity CFD trading
following approval from Japan’s Ministry of Economy, Trade, and Industry (METI)
and the Ministry of Agriculture, Forestry, and Fisheries (MAFF). The company
can now offer commodity CFDs, such as oil, gas, and precious metals, to its
clients.
New Offerings from Dukascopy Japan
With the newly granted commodity license, Dukascopy
Japan can now offer commodity CFDs alongside its existing forex trading
services. These instruments will reportedly be accessible through both LIVE and
DEMO JForex accounts for the company’s Japanese clientele.
By leveraging its new commodity trading license, the
company positions itself to attract a wider clientele and enable it to access
commodities like oil, gas, and precious metals. This will reportedly enable
clients to diversify their portfolios and explore new market opportunities.
Besides this, Dukascopy Japan plans to obtain the
necessary license to offer CFDs on equities in the near future. The company
expects to take advantage of this opportunity to further solidify its presence
in the Japanese financial market by broadening its trading products. Dukascopy Japan K.K. operates as a 100% subsidiary of
Dukascopy Bank and has been a key player in the Japanese forex market since
2015.
Other Developments at Dukascopy
Recently, Dukascopy announced its financial results for the first half of the year, highlighting a substantial decline in
consolidated income from trading activities. The numbers fell to CHF 5.14
million, a 46% drop from CHF 9.61 million posted last year. The broker’s net
profit also plunged 81% to CHF 80,815.
The firm’s trading income also fell to CHF 4.88
million, compared to CHF 9.23 million in the corresponding period in 2023. This
represents a 47% decline. The performance followed a 33% annual drop
in trading income for the Swiss online broker last year.
Meanwhile, Dukascopy has announced a special offer for former FlowBank clients. Following FlowBank’s recent bankruptcy, the company offered a 50% CashBack on volume commissions for the lifetime of the account.
Dukascopy Bank SA also expanded its CFD instruments to
include Italian stocks and the Italy 40 Index. The service reportedly enables
Dukascopy clients to access Italian market giants like Enel Spa, Ferrari NV,
Assicurazioni Generali Spa, and Fiat Chrysler Auto NV.
This article was written by Jared Kirui at www.financemagnates.com.
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