Swiss brokerage Dukascopy is making the first steps towards expanding the company’s offering to include single stock CFDs. The company has officially launched live trading on 34 major German companies to kick out live trading.
The list of companies includes major consumer and industrial giants like Adidas, Allianz, BMW, Daimler, Deutsche Bank, Henkel, Porsche, Siemens and Volkswagen. Traders will have to pay 0.1% commission and use 1:10 leverage to trade single stock CFDs with Dukascopy.
The offering is broadly in line with the typical charges on the market and will be available to clients of both Dukascopy Bank and Dukascopy Europe. The company is looking to add Swiss and UK shares to its offering shortly and more major markets shortly after that.
The volume commissions do not depend on a client’s deposit, equity or trading volumes with the minimum order size amounting to 50 shares and the minimum commission charges at 10 EUR.
Dukascopy is not the counterparty to the trades and is using an external liquidity provider to deliver the offering to its clients. The company has been actively expanding its list of trading instruments since 2014, when it first launched CFDs trading.
With the inclusion of single stock CFDs the company is aiming to broaden its offering and hence attract more traders that are looking to diversify their trading options. The case for adding more assets has been growing in recent years with clients from certain regions keen to actively trading local stocks.