Geneva based Retail FX broker Dukascopy has announced that it has added a new functionality to its binary option contracts: chained option contracts.
Two types of chains are available:
- Martingale and
When enabling a Martingale chain to an option, the system will automatically place another chained contract for a doubled amount every time the previous contract expires out-of-the-money. Conversely, enabling a Winning chain will make the system automatically place another contract with an increased amount every time the previous contract expires in-the-money. The maximum length of the chain is limited to 3 additional contracts.
The new feature is now available for testing on Demo environment, and Live launch will follow shortly.
Refer to the trading conditions for more details.