Swiss retail forex broker Dukascopy has gone live with its binary options trading platform, called (not surprisingly) Live. We had reported back in February that Dukascopy had launched demo binary trading, promoting it internally with a series of monthly binary trading demo contests with a (real) $5,000 monthly prize. Now, it is live.
Unlike most other retail FX brokers which have added binary trading (e.g. AvaTrade with PowerOption, Markets.com with TopOption, Alpari Russia, RoboForex with RoboOption, FXDD and others), Dukascopy stayed in-house and developed its own binary platform. Dukascopy has the advantage of a large IT and software group in Riga, Latvia. Most of the other brokers mentioned have gone with a SpotOption platform.
Dukascopy will be offering Up/Down type options with fixed uniform payouts of up to 90%, with the FX price feed coming directly from SWFX. Major FX pairs will be offered at first, other type of instruments to follow.
For more details on Dukascopy’s binary offering click here.