Dukascopy Japan has been authorized to offer commodity CFDs, now available on both LIVE and DEMO JForex accounts. The company plans to expand its services by securing a license for equity-based CFDs soon.
New Trading Opportunities for Clients
Dukascopy Japan recently received approval from Japan’s Ministry of Economy, Trade, and Industry (METI) and the Ministry of Agriculture, Forestry, and Fisheries (MAFF) to introduce commodity CFDs to its platform. This new offering allows clients to trade commodities like oil, natural gas, and precious metals.
The commodity CFDs will be accessible to both live and demo account users in Japan, adding a new dimension to Dukascopy Japan’s current forex services. The firm sees this expansion as a step towards attracting a broader range of traders and providing them with the tools to diversify their portfolios by tapping into the commodity markets.
Future Expansion into Equity CFDs
In addition to the recent developments in commodity trading, Dukascopy Japan is setting its sights on offering CFDs on equities. The company aims to secure the necessary licenses to further expand its product range, enhancing its presence in the Japanese financial market. Dukascopy Japan, a subsidiary of Dukascopy Bank, has been a prominent player in Japan’s forex trading sector since its launch in 2015.
Dukascopy’s Recent Developments
Dukascopy’s financial report for the first half of the year revealed a significant downturn in income from trading activities, dropping by 46% to CHF 5.14 million, compared to CHF 9.61 million from the previous year. Furthermore, the company’s net profit fell by 81%, totaling CHF 80,815. The drop in trading income followed a downward trend in 2023, with a 33% year-over-year decline.
On a positive note, Dukascopy has introduced a special offer for former clients of FlowBank, offering a 50% cashback on trading volume commissions. This offer comes after FlowBank’s recent bankruptcy.
Additionally, Dukascopy Bank has expanded its range of CFD instruments, adding Italian stocks and the Italy 40 Index, giving traders access to major Italian companies like Enel Spa, Ferrari NV, and Fiat Chrysler Auto NV.
