LATEST NEWS FROM BROKER COMPANIES

1. Dukascopy bank secures qualified derivatives dealer status

Swiss-based financial services provider, Dukascopy Bank, on May 17, announced receiving a Qualified Derivatives Dealer (QDD) status. According to the official announcement the company obtained the QDD status through a US Revenue Service agreement.

This new status allows Dukascopy to make dividend-equivalent payments on US CFD instruments with the relevant amount of withholding tax deducted. In the companys announcement, they appointed the next:

“The new status significantly improves the offering for both Trading and Multi-Currency Accounts (MCA) and allows account holders to keep positions over the ex-dividend date and benefit from the US-sourced dividends.”

“The mandatory withholding tax is currently set at 30% while Dukascopy Bank is further working on the improvement of the offering and implementation of the reduced tax rates under double tax treaties.”

2. New features for UK traders by Vantage FX

Multi-asset trading platform for retail and professional traders Vantage FX on Tuesday announced a few significant upgrades to its UK service, part of its strategic push into the UK. The brokerage company introduced several new features and services covering diverse products, easy access, and a smooth user experience. They have also launched a UK-specific app, as the research shows that almost 90% of participants trade on mobile.

The broker added the most popular UK trading instruments, including spread betting and UK and European shares for all traders, as well as cryptocurrencies for the professional market.

Vantage FX integrated a QR-code-based deposit system and developed a well-established Account Manager System to ensure an efficient and seamless trading experience for its clients. This means that each client is assigned a consistent point of contact who has a record of everything the client does on the platform. So that when a client calls, their account manager can easily access their information and troubleshoot any technical challenges or answer any question.

3. Pepperstone adds global shares in MetaTrader 5

An Australian forex and CFDs brokerage company Pepperstone has launched new UK, German and Australian shares enhancing the brokers range of top US equities. Pepperstone offers shares on some big names such as Tesla, Apple, Facebook, and Amazon.

Announced on Tuesday, the new shares will complement the existing many US-listed stocks already available on the broker platform. They will be added to the MetaTrader 5 trading platform. Traders using Pepperstone will receive access to comprehensive suite of analytical tools for price analysis and forecasting, as well as the ability to trade in the aftermarket and to utilize powerful charting and execution tools.

Tamas Szabo, Chief Executive Officer at Pepperstone Group, commented:

“With global interest and volatility around equities at an all-time high, it was very important for us to deliver the products our clients have been asking for. The new range of equities in MetaTrader 5 provides a faster and more efficient way for our clients to trade in worlds markets.”

/materials from www.leaprate.com and www.financemagnates.com /

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