Dukascopy sets new limits on GBP and EUR based indices; updates trading conditions for Binary options


Today Swiss based FINMA and EU regulated brokerage house Dukascopy has amended certains CFD contract trading conditions. The amendments include index and Binary options CFDs.

Firstly, maximum exposure limits on GBP and EUR based indices were increased today at 15:00 GMT, 06 July 2016 as follows:

  • GBP/IDX – 30 contracts
  • DEU.IDX/EUR -50 contracts
  • ESP.IDX/EUR -50 contracts
  • EUS.IDX/EUR – 150 contracts
  • FRA.IDX/EUR – 100 contracts.

These limitations will remain in force until further notice.

Secondly, maximum exposure and contract amounts have been adjusted for Binary options trading accounts. The payouts have also been changed for Daily Stock options and Pair Binaries.

Updated payout schedule:

Base currency
Min contract
size
Max contract
size
 
Max exposure
 
USD
1
1’000
5’000
EUR
1
900
4’500
CHF
1
1’000
5’000
GBP
1
800
4’000
JPY
100
100’000
500’000
CAD
1
1’300
6’700
SGD
1
1’300
6’700
PLN
1
4’000
20’000
HKD
1
7’800
40’000
AUD
1
1’300
6’500
DKK
1
6’700
35’000
MXN
1
1’300
95’000
NOK
1
8’400
42’000
NZD
1
1’400
7’000
RUB
1
64’000
320’000
SEK
1
8’500
43’000
TRY
1
3’000
15’000
ZAR
1
15’000
75’000

For Daily Stock Options and Pair Binaries, maximum exposure per underlying instrument is equal to the maximum contract size and is calculated as the sum of all ongoing binary option contracts with the same underlying. Orders/contracts breaching the maximum exposure will be cancelled together with associated profit or loss (with possible delay due to manual cancellation).

Maximum exposure limits are separately defined for every base currency in the table above. Exposure is calculated basing on the total amount of contracts in ACTIVE status, irrespective of their side (Call or Put) and underlying instrument. For instance, an active Put contract for 100 USD and an active Call contract for 200 USD build up a total exposure of 300 USD.

Clients can open, simultaneously, several contracts on the same instrument; the number of pending and active contracts cannot exceed 100 at a time.

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Dukascopy sets new limits on GBP and EUR based indices; updates trading conditions for Binary options

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