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Dukascopy Bank

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Founded
2004-01-01 in Geneva, Switzerland
Headquarters
Route de Pré-Bois 20, 1215 Meyrin, Geneva, Switzerland

Dukascopy Bank SA is a Swiss-licensed online bank and electronic communication network (ECN) forex broker that combines banking, trading, and payment services in a single digital platform. Founded on 2 November 2004 in Geneva by Swiss nationals Andre Duka and Veronika Duka, the bank is headquartered at Route de Pré-Bois 20 in Meyrin, Geneva. It is regulated by the Swiss Financial Market Supervisory Authority (FINMA) both as a bank and as a securities dealer, and it holds membership in the Swiss Bankers Association since 2012. The company’s proprietary ECN, the SWFX (Swiss FX Marketplace), launched in 2006 and connects to over 20 major banks to provide deep liquidity for forex, precious metals, and CFD trading. Dukascopy also offers retail banking products such as multi-currency accounts, credit cards, and e-banking services through its mobile app. The group employs over 300 staff across offices in Geneva, Riga, and Tokyo, with three main subsidiaries: Dukascopy Europe IBS AS (a licensed brokerage in Latvia), Dukascopy Japan (Type-1 broker), and SIA Dukascopy Payments (an e-money institution in Latvia). In recent years, the bank has expanded into cryptocurrency trading, peer-to-peer crypto exchange, and a dedicated stock trading platform offering over 25,000 CFDs on stocks and ETFs. Dukascopy continues to innovate in mobile banking and fintech, having received the “Best Fintech Forex Broker 2026” award from Money Expo Mexico.

Detailed Review

History & Founding

Dukascopy’s roots date to 1998 when a group of physicists led by Dr. Andre Duka began researching complex financial technology. The corporate entity Dukascopy Bank SA was formally incorporated on 2 November 2004 in Geneva. In 2006, the bank launched its flagship ECN, the SWFX, which became a cornerstone of its trading offering. The founders, Andre and Veronika Duka, still own 99% of the company as of 2025.

Regulation & Licensing

The bank is supervised by FINMA as a bank and securities dealer. It also holds regulatory licenses via its subsidiaries: Dukascopy Europe IBS AS is regulated by the Financial and Capital Market Commission (FCMC) in Latvia, Dukascopy Japan is licensed by Japan’s Financial Services Agency as a Type-1 financial instruments firm, and SIA Dukascopy Payments is registered as a payment/e-money institution in Latvia.

Products & Platforms

- SWFX (Swiss FX Marketplace): Proprietary ECN offering spot forex, precious metals, and CFD trading with straight-through processing and no dealing desk. - JForex Trading Platform: Desktop and mobile platform for forex, CFDs, and binary options, including automated trading, backtesting, and FIX API connectivity. - Dukascopy Bank App: Unified mobile application for banking, payments, card management, currency exchange, and investments. - Stock Trading Platform: Access to 25,000+ CFDs on stocks and ETFs from global exchanges. - Binary Options Platform: Trading binary options on forex and stock underlyings. - Crypto Services: P2P crypto exchange marketplace for buying/selling tokens against fiat, plus crypto-funded trading accounts. - Banking Products: Multi-currency current accounts (available via web, iOS, Android), credit/debit cards issued in partnership with Swiss Bankers, and e-banking facilities. - Free Financial Information: Dukascopy TV (online financial television), FX Spider (market data), and Freeserv products.

Global Presence & Headcount

Headquarters: Route de Pré-Bois 20, 1215 Meyrin, Geneva, Switzerland. Offices in Riga (Latvia) and Tokyo (Japan); also a representative office in Hong Kong. Employees: Approximately 300+.

Financials

Dukascopy publishes annual and semi-annual financial reports on its website, with the latest available for 2024 and 2025.

Recent Developments (2025-2026)

- Launched a new flagship mobile banking app unifying banking, payments, and trading. - Extended technical partnership with Swiss Bankers for card issuing. - Introduced crypto funding for trading accounts and a P2P crypto exchange. - Won “Best Fintech Forex Broker 2026” at Money Expo Mexico.

Key Products

  • SWFX Swiss Forex Marketplace

    Proprietary ECN aggregating interbank liquidity for forex trading with transparent spreads.

  • JForex Platform

    Advanced multi-asset trading platform with charting, automated strategies, and backtesting (available as JForex 4).

  • MetaTrader 4 / MT5

    Popular third-party platforms supported for forex and CFD trading.

  • Dukascopy Bank App

    Mobile application unifying Swiss bank account, payments, credit cards, forex, and investments.

  • Multi-Currency Account (MCA)

    Swiss bank account with no minimum deposit, fully online opening via video identification, supporting multiple currencies.

  • Credit Cards

    Visa / Mastercard issued in partnership with Swiss Bankers, linked to the MCA.

  • Stock Trading Platform

    Access to 25,000+ CFDs on stocks and ETFs from global exchanges.

  • P2P Crypto Exchange

    Marketplace for direct peer-to-peer trading of cryptocurrencies against fiat currencies.

  • Binary Options

    Fixed-return binary options on forex, indices, and commodities (offered via Dukascopy Binary platform).

  • Managed Forex Accounts

    Discretionary trading accounts managed by Dukascopy’s trading team (subject to conditions).

  • SWFX Swiss FX Marketplace

    Dukascopy’s proprietary ECN spot forex liquidity pool connecting over 20 banks; provides tight spreads and direct market access.

  • P2P Crypto Exchange Marketplace

    Peer‑to‑peer marketplace where clients can trade cryptocurrencies against fiat currencies.

  • Dukascopy TV

    Free financial news and market analysis video channel.

  • FX Spider & Freeserv

    Free financial information tools and resources for traders.

  • Banking Products

    Multi‑currency current accounts, e‑banking, Swiss Bankers prepaid Visa cards, deposits, and currency exchange.

  • SWFX (Swiss FX Marketplace)

    Proprietary ECN providing liquidity from 20+ major banks for forex, precious metals, and CFD trading.

  • JForex Trading Platform

    Multi-asset trading platform for desktop and mobile supporting automated trading, backtesting, and FIX API.

  • Binary Options Platform

    Platform for trading binary options on forex and stock underlyings.

  • Multi-Currency Account

    Swiss bank account available in multiple currencies with web and mobile access.

  • FX Spider

    Real-time forex market data and charting tool.

  • Freeserv

    Suite of free financial information products.

Offices & Headcount

300 employees (approx.)

Key Persons

Exhibition History

Related Companies

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