Exclusive: Dukascopy offering weekend crypto trading on JForex4 platform
FNG Exclusive… FNG has learned that Geneva, Switzerland based Retail FX brokerage group Dukascopy has added weekend trading in crypto pairs BTCUSD, ETHUSD and LTCUSD on weekends, as part of an upgrade of its JForex trading platform to version JForex4.
Dukascopy has sent out a note to clients indicating that starting from today, the 11th of September 2020, Dukascopy Bank and Dukascopy Europe will expand trading hours for margin trading on BTC/USD, ETH/USD and LTC/USD.
The company noted that these are the first-ever instruments to be tradable over-the-weekend through Dukascopy platforms. It also replaces the existing rule to close all crypto-pair positions before the weekend. To further increase the appeal of crypto trading, Dukascopy said that it has secured a significant reduction of the spread on BTC/USD.
This improvement and many others represent a decision of the bank to upgrade its JForex3 trading platform in favor of next generation – JForex4.
Dukascopy Bank said that it closely monitors important developments in trading software and its updates by other technology providers. The release of MT5 as an example, which followed the widely used MT4, was accompanied by inconvenience for market participants switching from MT4 to MT5. In spite of the benefits the new version may offer, not all traders are willing to spend their time to learn its new features. Aware that a big switch to an updated trading platform can be complex and may not always be welcomed by the users, the Bank has decided to implement its new JForex4 platform in several steps. In addition, by using open-ended development, future client needs can also be addressed.
In accordance with the adopted approach to prioritize seamless user experience, the company is proposing evolution rather than revolution in design and functionality of its platform. The release of JForex4 is thus happening in small steps. After a first milestone with launch of the all-new Trader Cabinet, a redesigned reporting area tailored to all kind of devices, JForex4 has unveiled another of its features – 7 days a week trading. This also opens the way for further JForex4 updates; among others it will bring more flexibility for managing orders and exposures in classic instruments during off-market hours.
The update of JForex4 will apparently also include an upgrade of full trading infrastructure:
- renewed VisualJforex – which will be adopted for tablets and smartphones,
- redesigned JStore – storage and marketplace for strategies and indicators integrated with payment facilities,
- improved mobile and desktop trading platforms.
The company indicated that the upgrade to the new generation JForex4 will be free for all Dukascopy White Label partners.