Dukascopy has extended the portfolio of indices by adding two new ones to the list: Volatility Index and South Africa Top 40 Index.
Dukascopy, also one of the good and regulated forex brokers in the UAE, wanted to bring a good set of advantages for the traders. These are available for clients and demo users of Dukascopy Banks and Dukascopy Europe Live.
Users on the said platform can back their portfolio with these indices on the MT4 platform, a complimentary trading platform by the venture with limited trading instruments.
The development was announced by Dukascopy through an official press release. It follows the addition of CFD with 28 Stock CFD from Mexico. With two indices live on the MT4 platform, there is speculation that Dukascopy could soon launch the MT5 platform for its traders. This would be a huge plus for traders, who would also see more trading instruments being added to the list in the days to come.
A total of 1160 trading instruments are available at the time of drafting this article. These include:
- Foreign Exchange
- CFDs on commodities
Volatility Index and South Africa Top 40 Index can be accessed through JForex, the proprietary trading platform of the venture. The development comes to light in order to meet the requirements of its users, standing true to every Dukascopy review which hails the platform for honoring the requirements of the users.
Founded in 2004, Dukascopy is headquartered in Geneva, Switzerland, and is operating under the regulations of FINMA. While MetaTrader 4 is live for the users, MetaTrader 5 could soon be launched, according to the announcement by Dukascopy.
The Swiss banking and trading provider had recently added 405 new stock CFDs based on the stocks of Spotify, Harley Davidson, Puma, and Dell. Its ultimate goal is to expand JForex. It was last upgraded in January last from JForex 3 to JForex4.
This update was followed by the launch of a peer-to-peer crypto exchange in May last year. The launch enabled users to experience a better offering for digital assets. It supported only 12 top digital assets in the initial days, but it now has a larger number of digital assets being exchanged among peers through the network.
Dukascopy is doing pretty well in a financial sense. It saw an increase in revenue in half of 2022 by 27%, taking the value to CHF 14.4 million from CHF 11.3 million during the same period for the previous year. The net profit has also jumped by 195% to touch the mark of CHF 1.44 million during the first half of 2022, that is, during the first six months of the last year.
When coupled with a transparent trading environment, the two new indices added to the portfolio are sure to enhance the experience of traders on the MT4 trading platform.