Dukascopy Bank is a Swiss innovative online bank providing Internet based and mobile trading services (with focus on foreign exchange, bullion and binaries), banking and other financial services through innovative proprietary technological solutions.
The company has been founded on 2 November 2004 in Geneva, Switzerland where it has its headquarters. 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, a European licensed brokerage company incorporated in Riga, Latvia. Dukascopy Bank also has offices in Zürich, Riga, Kiev, Moscow and Hong Kong. Currently, Dukascopy Group employs over 250 staff.
Dukascopy Group provides online and mobile trading services through the SWFX – Swiss FX Marketplace, the Dukascopy’s ECN proprietary technological solution and registered trademark.
Online and mobile trading - SWFX – Swiss FX Marketplace (SWFX)
The SWFX provides online and mobile Forex and precious metals trading facilities.
Currently, the SWFX is connected through FIX API to over 20 major banks offering the largest 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 matches orders of market participants on a Straight Through Processing basis, in a centralised-decentralised environment. 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 also provided by a 24/6 trading support desk if clients need assistance or to trade over the phone.