Dukascopy16 / January / 2019
Dukascopy Bank is a Swiss innovative online bank based in Geneva, Switzerland, providing Internet based and mobile trading services (with focus on foreign exchange, bullion, CFD and binaries), banking and other financial services through proprietary technological solutions.
The company has been founded on 2 November 2004 in Geneva by Andre and Veronika Duka, Swiss nationals residing in Geneva who still own 99% of the company.
Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer.
Dukascopy Bank fully owns Dukascopy Europe IBS AS, European licensed brokerage company based in Riga, Dukascopy Japan, a Type-1 licensed broker located in Tokyo and SIA Dukascopy Payments, a European licensed payment and e-money company incorporated in Riga. In addition to its Geneva Headquarters, Dukascopy Bank has offices in Zürich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong. Currently, Dukascopy Group employs over 300 staff.
Dukascopy Group mainly provides online and mobile trading services through the SWFX – Swiss FX Marketplace, the Dukascopy’s ECN proprietary technological solution and registered trademark. Dukascopy Payments is a Group company dedicated to instant payment services through smartphones and payment cards. Online and mobile trading – SWFX – Swiss FX Marketplace (SWFX) and binary options platform
Currently, the SWFX is connected through FIX API to over 20 major banks offering a unique pool of ECN spot forex liquidity available for traders, banks, hedge funds and other institutions. This allows Dukascopy Bank to offer its clients unrivalled order execution and price feed quality in addition to very low spreads.
The SWFX automatically executes orders of market participants on a Straight Through Processing basis. In this ECN environment, both buy-side and sell-side participants interact on an equal footing. Dukascopy Bank has no dealing desk and makes no requote, all trades are executed automatically on its ECN, whatever their size.
The Dukascopy trading platform (JForex) provides an array of tools for risk management and control over the order execution. Clients may trade billions of dollars in a secure “one-click” trading environment. Support is provided on a 24/5 basis. In case of need, clients may pass orders over the phone.
In addition to trading on Forex, precious metals and CFD (on various underlyings), Dukascopy Bank provides a trading platform for binary options on stocks and Forex.
Dukascopy Bank offers extremely competitive conditions for currency exchange on current accounts, provides e-banking facilities, credit cards and an increasing range of banking products.