Swiss brokerage Dukascopy, which caters to foreign exchange and CFDs traders, has announced a series of updates to its binary options trading conditions. The updates have been introduced to provide an enhanced trading experience to its clients and range from an increased time duration for its Up/Down options to higher payouts.
In a move designed to attract traders who prefer longer-term options, the company has, firstly, extended the maximum duration of Up/Down options from 60 minutes to 24 hours. The move allows traders to freely choose their expiration time and hence be flexible about time zones when it comes to longer term expiration rates.
Maximum contract amounts have also been doubled and are now equal to the maximum instrument exposure. The order amount limit is now 10,000 USD per option.
In addition, payouts have been increased for Daily Stock options and Pair Binaries. Base payouts are now set at a high of 80% compared with the previous 70%.
Regulated by the Swiss Financial Market Supervisory Authority (FINMA), Dukascopy Bank, founded in 2004, provides internet based and mobile trading services and focuses on foreign exchange, bullion, CFD and binaries, together with a range other financial services. The updates are the latest enhancements to the company’s binary options services aimed at providing traders with a more flexible trading experience.