Dukascopy Bank

Current Rating

4.71

Industry Tier

SS

Profile

Country

Switzerland

Market Categories

Forex | CFD

Organization Categories

Brokerage

Services

Foreign exchange, precious metals, stocks, and contracts for difference (CFDs)

Supported Languages

English, French, German, Russian, Spanish, Czech, Spanish, Portuguese, etc.

Domain Registration

2000-08-08

Status

Active

Dukascopy Bank is a forex broker established in Geneva, Switzerland, by Andre and Veronika Duka. This broker primarily offers trading services in forex, precious metals, contracts for difference (CFDs), banking, and other financial services.

Company Background

Dukascopy Bank is a brokerage offering trading services, registered under Dukascopy Bank SA, with headquarters in Geneva, Switzerland. The company was established on November 2, 2004. According to information from Whois, the official domain of Dukascopy Bank was registered on August 8, 2000. Dukascopy Bank is comprehensively regulated in Switzerland for its subsidiaries, providing the same trading functionalities as Dukascopy Bank.

DUKASCOPY EUROPE IBS AS is an EU-licensed investment brokerage company based in Riga, Latvia, regulated by the Financial and Capital Market Commission (FCMC) of Latvia.

DUKASCOPY JAPAN K.K is a type-I licensed broker located in Tokyo, Japan, regulated by the Financial Services Agency (JFSA) of Japan.

Company Milestones

The Dukascopy project was initiated in 1998 by a group of physicists led by Dr. Andre Duka.
Dukascopy began developing its trading platform in 1999.
Dukascopy was established in 2004. Ducasbay was established in 2001 with the mission to serve the financial world with advanced technological solutions.
In 2006, Dukascopy launched the SWFX Swiss FX Marketplace.
In 2008, Dukascopy launched Ducasbay Forex TV, an online TV providing traders and financial professionals with technical and fundamental analyses.
In 2010, Dukascopy was authorized by the Swiss Financial Market Supervisory Authority (FINMA) to conduct banking activities. The same year, the SWFX Trader iPhone app was considered a pinnacle of mobile trading technology, also being one of the market-leading free applications.
In 2011, DUKASCOPY EUROPE IBS AS began operations as a wholly-owned subsidiary of Dukascopy Bank, primarily focusing on the European retail market.
In 2012, Dukascopy Bank developed its SMS notification service, allowing clients to receive text message notifications about various types of events in their trading account or the market. The same year, the SWFX Trader application for Android OS allowed users to trade on demo or real accounts from anywhere in the world by connecting to the Ducasbay ECN market. Dukascopy Bank opened a representative office in Hong Kong, further expanding its international influence. Dukascopy Bank became a member of the Swiss Bankers Association.
In 2013, Dukascopy Bank obtained authorization from the Swiss Financial Market Supervisory Authority (FINMA) to conduct securities dealer activities.
In June 2014, Dukascopy Bank launched a new binary options trading platform. Offices were opened in Zurich and Kuala Lumpur. In September the same year, Dukascopy Bank began adding CFD instruments to its ECN trading environment.
In August 2015, Dukascopy Bank acquired 100% of the shares of Alpari Japan K.K., a Tokyo-based Type-1 licensed Japanese broker, now rebranded as Dukascopy Japan K.K. DUKASCOPY EUROPE IBS AS specialized in providing instant payment services through smartphones. The same year, Dukascopy TV was officially registered as a Swiss television broadcasting company.
In 2016, DUKASCOPY PAYMENTS was officially launched. Dukascopy Bank was among the first financial institutions to use an internally developed, video-based onboarding system.
In 2017, Dukascopy Bank expanded its long-term technological leadership in the financial brokerage sector by entering a new domain of its core banking business – retail banking.
In 2018, Dukascopy Bank began offering bitcoin against the US dollar to self-trading real accounts. A new office was established in Dubai. Dukascopy Bank started offering live trading on MetaTrader 4 with direct access to the SWFX Swiss Marketplace. The same year, it added funding of accounts using currencies, with bitcoin being the first supported cryptocurrency.
In 2019, Dukascopy Bank became the first regulated bank to launch its own ICO. From February 28, 2019, anyone could participate in shorting, trade Ducascash on the market, and enjoy its benefits.

Regulatory Information

Dukascopy Bank, as a banking and securities broker, is regulated by the Swiss Financial Market Supervisory Authority (FINMA). According to information displayed on the official website of the Swiss Financial Market Supervisory Authority, Dukascopy Bank is indeed under its regulation. Moreover, the subsidiaries of Dukascopy Bank, DUKASCOPY EUROPE IBS AS and Dukascopy Japan K.K, are also under local regulation. DUKASCOPY EUROPE IBS AS is an investment brokerage company regulated by the Latvian bank, and Dukascopy Japan K.K is a category 1 licensed broker regulated by the Japanese Ministry of Finance.

Trading Products

Dukascopy Bank offers a variety of trading products, including forex, precious metals, and stocks.

Forex Trading: Dukascopy Bank allows investors to participate in the forex market, offering trading opportunities in various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
Precious Metals Trading: Dukascopy Bank offers trading opportunities in the precious metals market. The precious metals market is global, including gold and silver, allowing investors to trade these metals and participate in the market.
Stock Trading: Dukascopy Bank enables users to trade a wide range of global stocks. Investors can trade stocks of various well-known companies.

Trading Software

Dukascopy Bank provides investors with well-known trading platforms in the forex market such as MetaTrader 4, MetaTrader 5, and SWFX, renowned for their advanced trading functionalities and a variety of analytical tools. MT4 offers various trading indicators, automated trading with Expert Advisors, and extensive charting tools. MT5 adds more technical indicators, a broader range of order types, and a more advanced built-in economic calendar over its predecessor.

SWFX provides online and mobile trading facilities for forex, precious metals, and CFDs. Connected to more than 20 major banks through FIX API, SWFX offers a unique ECN spot forex liquidity pool for traders, banks, hedge funds, and other institutions. This allows Dukascopy Bank to offer unparalleled order execution and price feed quality, as well as very competitive spreads.

SWFX automatically executes market participants’ orders on a Straight-Through Processing basis. In this ECN environment, buyer and seller participants interact on an equal footing.

Account Registration

The official website of Dukascopy Bank provides various links for account registration, with the specific registration methods as follows:

Real Trading Account: Open the Dukascopy Bank official website and click on "OPEN LIVE TRADING ACCOUNT" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Demo Trading Account: Open the Dukascopy Bank official website and click on "OPEN DEMO TRADING ACCOUNT" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Multi-Currency Account (MCA): Open the Dukascopy Bank official website and click on "OPEN MULTI-CURRENCY ACCOUNT(MCA)" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Account Types

Dukascopy Bank offers ECN accounts, and accounts on MT4 and MT5 platforms.

Exclusive Swiss ECN Forex Account: Known as the true Swiss bank account, it offers spreads as low as 0.1 for EUR/USD, with leverage up to 1:200, and real-time trading support 24/7. The ECN account includes 22 currencies and gold, with deposit protection up to 100,000 Swiss Francs. It offers trading products such as forex, metals, energy, cryptocurrencies, index stocks, and bonds. Clients enjoy a transparent pricing environment, equal trading rights, large liquidity from more than 20 banks, and instant trading.
MetaTrader 4 and MetaTrader 5: Accounts on the MT4 and 5 platforms support currencies such as USD, EUR, GBP, CHF, PLN. Accounts on the MetaTrader 5 platform support additional currencies over MT4 and 5 platforms: USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR. The margin call level on both MT4 and MT5 platforms is equal to or greater than 100%, and the default leverage for MT4 trading accounts is 1:100. Initial margin is calculated at the start of trading, and free and used margin amounts are updated in real-time on the MT4 platform. The stop-out ratio is greater than or equal to 50%, Close By is disabled, and forex instrument trading hours are from Sunday 21:00/22:00 to Friday 21:00/22:00 GMT (daylight saving/winter time). Trading on the MetaTrader 4 platform also incurs a fee of USD 0.5 per lot. MT4 accounts do not support no-overnight interest accounts.

Customer Support

This brokerage provides support in 13 languages, available through multiple channels including phone support, fax, and online chat. Traders can contact the customer support team via the phone number +41 22 799 4888 for direct and immediate assistance. They can also reach the customer team via fax at +41 22 799 4880. Additionally, the online chat feature on the Trading Pro website enables quick communication with the broker.

Conclusion

Dukascopy Bank, registered in Geneva, Switzerland, is regulated by the Swiss Financial Market Supervisory Authority (FINMA), and its subsidiaries are regulated locally and in other countries. Dukascopy Bank offers a variety of trading products including forex, precious metals, and stocks, providing investors with a wide range of trading opportunities. It is advised that traders, before engaging in high-leverage trading, undergo adequate education, understand market mechanisms, and carefully consider their investment objectives and risk tolerance.

Currently, Dukascopy Bank is marked as “Active” on TraderKnows.

References

Profile

Dukascopy Bank is a forex broker established in Geneva, Switzerland, by Andre and Veronika Duka. This broker primarily offers trading services in forex, precious metals, contracts for difference (CFDs), banking, and other financial services.

Company Background

Dukascopy Bank is a brokerage offering trading services, registered under Dukascopy Bank SA, with headquarters in Geneva, Switzerland. The company was established on November 2, 2004. According to information from Whois, the official domain of Dukascopy Bank was registered on August 8, 2000. Dukascopy Bank is comprehensively regulated in Switzerland for its subsidiaries, providing the same trading functionalities as Dukascopy Bank.

DUKASCOPY EUROPE IBS AS is an EU-licensed investment brokerage company based in Riga, Latvia, regulated by the Financial and Capital Market Commission (FCMC) of Latvia.

DUKASCOPY JAPAN K.K is a type-I licensed broker located in Tokyo, Japan, regulated by the Financial Services Agency (JFSA) of Japan.

Company Milestones

The Dukascopy project was initiated in 1998 by a group of physicists led by Dr. Andre Duka.
Dukascopy began developing its trading platform in 1999.
Dukascopy was established in 2004. Ducasbay was established in 2001 with the mission to serve the financial world with advanced technological solutions.
In 2006, Dukascopy launched the SWFX Swiss FX Marketplace.
In 2008, Dukascopy launched Ducasbay Forex TV, an online TV providing traders and financial professionals with technical and fundamental analyses.
In 2010, Dukascopy was authorized by the Swiss Financial Market Supervisory Authority (FINMA) to conduct banking activities. The same year, the SWFX Trader iPhone app was considered a pinnacle of mobile trading technology, also being one of the market-leading free applications.
In 2011, DUKASCOPY EUROPE IBS AS began operations as a wholly-owned subsidiary of Dukascopy Bank, primarily focusing on the European retail market.
In 2012, Dukascopy Bank developed its SMS notification service, allowing clients to receive text message notifications about various types of events in their trading account or the market. The same year, the SWFX Trader application for Android OS allowed users to trade on demo or real accounts from anywhere in the world by connecting to the Ducasbay ECN market. Dukascopy Bank opened a representative office in Hong Kong, further expanding its international influence. Dukascopy Bank became a member of the Swiss Bankers Association.
In 2013, Dukascopy Bank obtained authorization from the Swiss Financial Market Supervisory Authority (FINMA) to conduct securities dealer activities.
In June 2014, Dukascopy Bank launched a new binary options trading platform. Offices were opened in Zurich and Kuala Lumpur. In September the same year, Dukascopy Bank began adding CFD instruments to its ECN trading environment.
In August 2015, Dukascopy Bank acquired 100% of the shares of Alpari Japan K.K., a Tokyo-based Type-1 licensed Japanese broker, now rebranded as Dukascopy Japan K.K. DUKASCOPY EUROPE IBS AS specialized in providing instant payment services through smartphones. The same year, Dukascopy TV was officially registered as a Swiss television broadcasting company.
In 2016, DUKASCOPY PAYMENTS was officially launched. Dukascopy Bank was among the first financial institutions to use an internally developed, video-based onboarding system.
In 2017, Dukascopy Bank expanded its long-term technological leadership in the financial brokerage sector by entering a new domain of its core banking business – retail banking.
In 2018, Dukascopy Bank began offering bitcoin against the US dollar to self-trading real accounts. A new office was established in Dubai. Dukascopy Bank started offering live trading on MetaTrader 4 with direct access to the SWFX Swiss Marketplace. The same year, it added funding of accounts using currencies, with bitcoin being the first supported cryptocurrency.
In 2019, Dukascopy Bank became the first regulated bank to launch its own ICO. From February 28, 2019, anyone could participate in shorting, trade Ducascash on the market, and enjoy its benefits.

Regulatory Information

Dukascopy Bank, as a banking and securities broker, is regulated by the Swiss Financial Market Supervisory Authority (FINMA). According to information displayed on the official website of the Swiss Financial Market Supervisory Authority, Dukascopy Bank is indeed under its regulation. Moreover, the subsidiaries of Dukascopy Bank, DUKASCOPY EUROPE IBS AS and Dukascopy Japan K.K, are also under local regulation. DUKASCOPY EUROPE IBS AS is an investment brokerage company regulated by the Latvian bank, and Dukascopy Japan K.K is a category 1 licensed broker regulated by the Japanese Ministry of Finance.

Trading Products

Dukascopy Bank offers a variety of trading products, including forex, precious metals, and stocks.

Forex Trading: Dukascopy Bank allows investors to participate in the forex market, offering trading opportunities in various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
Precious Metals Trading: Dukascopy Bank offers trading opportunities in the precious metals market. The precious metals market is global, including gold and silver, allowing investors to trade these metals and participate in the market.
Stock Trading: Dukascopy Bank enables users to trade a wide range of global stocks. Investors can trade stocks of various well-known companies.

Trading Software

Dukascopy Bank provides investors with well-known trading platforms in the forex market such as MetaTrader 4, MetaTrader 5, and SWFX, renowned for their advanced trading functionalities and a variety of analytical tools. MT4 offers various trading indicators, automated trading with Expert Advisors, and extensive charting tools. MT5 adds more technical indicators, a broader range of order types, and a more advanced built-in economic calendar over its predecessor.

SWFX provides online and mobile trading facilities for forex, precious metals, and CFDs. Connected to more than 20 major banks through FIX API, SWFX offers a unique ECN spot forex liquidity pool for traders, banks, hedge funds, and other institutions. This allows Dukascopy Bank to offer unparalleled order execution and price feed quality, as well as very competitive spreads.

SWFX automatically executes market participants’ orders on a Straight-Through Processing basis. In this ECN environment, buyer and seller participants interact on an equal footing.

Account Registration

The official website of Dukascopy Bank provides various links for account registration, with the specific registration methods as follows:

Real Trading Account: Open the Dukascopy Bank official website and click on "OPEN LIVE TRADING ACCOUNT" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Demo Trading Account: Open the Dukascopy Bank official website and click on "OPEN DEMO TRADING ACCOUNT" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Multi-Currency Account (MCA): Open the Dukascopy Bank official website and click on "OPEN MULTI-CURRENCY ACCOUNT(MCA)" at the top of the official page.

After filling in the information (such as email, password, etc.), the account registration can be completed.

Account Types

Dukascopy Bank offers ECN accounts, and accounts on MT4 and MT5 platforms.

Exclusive Swiss ECN Forex Account: Known as the true Swiss bank account, it offers spreads as low as 0.1 for EUR/USD, with leverage up to 1:200, and real-time trading support 24/7. The ECN account includes 22 currencies and gold, with deposit protection up to 100,000 Swiss Francs. It offers trading products such as forex, metals, energy, cryptocurrencies, index stocks, and bonds. Clients enjoy a transparent pricing environment, equal trading rights, large liquidity from more than 20 banks, and instant trading.
MetaTrader 4 and MetaTrader 5: Accounts on the MT4 and 5 platforms support currencies such as USD, EUR, GBP, CHF, PLN. Accounts on the MetaTrader 5 platform support additional currencies over MT4 and 5 platforms: USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU, ZAR. The margin call level on both MT4 and MT5 platforms is equal to or greater than 100%, and the default leverage for MT4 trading accounts is 1:100. Initial margin is calculated at the start of trading, and free and used margin amounts are updated in real-time on the MT4 platform. The stop-out ratio is greater than or equal to 50%, Close By is disabled, and forex instrument trading hours are from Sunday 21:00/22:00 to Friday 21:00/22:00 GMT (daylight saving/winter time). Trading on the MetaTrader 4 platform also incurs a fee of USD 0.5 per lot. MT4 accounts do not support no-overnight interest accounts.

Customer Support

This brokerage provides support in 13 languages, available through multiple channels including phone support, fax, and online chat. Traders can contact the customer support team via the phone number +41 22 799 4888 for direct and immediate assistance. They can also reach the customer team via fax at +41 22 799 4880. Additionally, the online chat feature on the Trading Pro website enables quick communication with the broker.

Conclusion

Dukascopy Bank, registered in Geneva, Switzerland, is regulated by the Swiss Financial Market Supervisory Authority (FINMA), and its subsidiaries are regulated locally and in other countries. Dukascopy Bank offers a variety of trading products including forex, precious metals, and stocks, providing investors with a wide range of trading opportunities. It is advised that traders, before engaging in high-leverage trading, undergo adequate education, understand market mechanisms, and carefully consider their investment objectives and risk tolerance.

Currently, Dukascopy Bank is marked as “Active” on TraderKnows.

References