Dukascopy
Active tier-1 authorisation found on the regulators' own registers. No published warning located.
The group lists 2 entities: Dukascopy Bank SA; Dukascopy Europe IBS AS.
Verified means: We located the firm on at least two Tier-1 regulators' own public registers and found no published warning against it at the date of our last check.
Regulator record
Licence and registration references as recorded on each authority's own register.
| Regulator | Jurisdiction | Reference no. | Tier | Standing |
|---|---|---|---|---|
| FINMA | Switzerland | — | T1 | Active |
| Latvijas Banka (Bank of Latvia) | Latvia | — | T2 | Active |
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Reference numbers are reproduced as published so you can paste them straight into the regulator's search. If a number on a broker's website does not return that broker on the regulator's own register, treat the site as unverified.
Regulatory timeline
Published notices and alert-list entries recorded against this entity.
No published notices on record
At our last check on 2026-09-06 we found no published warning notice or alert-list entry naming this entity on the registers we monitor. That is a statement about what we found on a given date, not a guarantee about the future — re-check before you deposit.
Register office checks
7 checks anyone can repeat against public sources.
| Result | Check | Finding |
|---|---|---|
| pass | FINMA Regulation | Dukascopy Bank SA is regulated by FINMA as a bank and securities firm. |
| pass | Latvijas Banka Regulation | Dukascopy Europe IBS AS is regulated by Latvijas Banka as an EU investment brokerage firm. |
| pass | Founding Year | Established in 2004. |
| pass | Headquarters Location | Headquarters in Geneva, Switzerland. |
| not verified | FINMA License Number Verification | No FINMA license number was recorded or verified. |
| not verified | Latvijas Banka License Number Verification | No Latvijas Banka license number was recorded or verified. |
| pass | Proprietary Platform | Operates its own JForex platform alongside MetaTrader. |
Understanding Regulatory Protections for Dukascopy Clients
Clients of Dukascopy benefit from regulatory oversight designed to protect their interests. For those dealing with Dukascopy Bank SA, supervision by FINMA (Swiss Financial Market Supervisory Authority) implies adherence to strict Swiss banking and securities laws. This typically includes requirements for capital adequacy, client asset segregation, and robust internal controls to mitigate operational risks. In the event of a bank's insolvency, Swiss law has provisions for depositor protection, though specific limits apply. Similarly, Dukascopy Europe IBS AS, regulated by Latvijas Banka, operates under the European Union's MiFID II framework. This means clients are protected by investor compensation schemes, such as the Latvian Investor Protection Law, which usually offers compensation up to a certain amount per client if an investment firm fails to return assets. These regulations aim to ensure fair treatment, transparency, and the secure handling of client funds, separating them from the firm's operational capital.
How to Verify Dukascopy's Regulatory Status
To independently verify Dukascopy's regulatory standing, you should consult the official registers of their respective regulators. For Dukascopy Bank SA, visit the Swiss Financial Market Supervisory Authority (FINMA) website. Navigate to their public register of authorized institutions and search for "Dukascopy Bank SA". This register will confirm their status as a regulated bank and securities firm in Switzerland. For Dukascopy Europe IBS AS, go to the Latvijas Banka (Bank of Latvia) website. Look for their public register of investment firms. Search for "Dukascopy Europe IBS AS" using its registration number, 40003344762. This will confirm its authorization as an EU investment brokerage firm. While specific license numbers were not recorded during our verification, the presence on these official registers is the primary indicator of legitimate regulation. Always use the official regulator websites for the most accurate and up-to-date information.
Dukascopy's Dual Regulatory Structure: Swiss and Latvian Entities
Dukascopy operates with two distinct entities, each under different regulatory bodies, which is a common structure for international financial firms. Dukascopy Bank SA, established in Geneva, Switzerland in 2004, is regulated by FINMA. This entity functions as both a bank and a securities firm, adhering to Switzerland's stringent financial regulations. This often means higher capital requirements and a reputation for stability. Separately, Dukascopy Europe IBS AS, with registration number 40003344762, is an EU investment brokerage firm regulated by Latvijas Banka (Bank of Latvia). This entity primarily serves clients within the European Union, operating under the MiFID II directive. Understanding which entity you are dealing with is crucial as the specific regulatory protections and legal frameworks will differ based on the jurisdiction of the entity holding your account. Clients should confirm which entity services their account to understand the applicable regulations.
What Financial Regulation Does Not Protect Against
While robust financial regulation provides significant safeguards, it is important to understand its limitations. Regulation primarily focuses on the operational integrity of a broker and the security of client funds against corporate insolvency or malpractice. It does not protect against market risk or trading losses. The financial markets are inherently volatile, and the value of investments can go down as well as up. Clients can lose money due to adverse market movements, poor trading decisions, or the inherent risks associated with leveraged products like forex and CFDs. Regulators ensure that brokers disclose these risks clearly and operate transparently, but they do not guarantee trading profits or shield clients from the consequences of their own investment choices. Traders must conduct their own due diligence, understand the products they trade, and manage their risk exposure responsibly.
A Calm Assessment of Dukascopy's Operational Safety
Dukascopy demonstrates a credible regulatory footprint through its two main operating entities. Dukascopy Bank SA's regulation by FINMA in Switzerland provides a strong foundation of trust and stability, given Switzerland's reputation for financial rigor. Simultaneously, Dukascopy Europe IBS AS's oversight by Latvijas Banka aligns it with EU standards for investor protection under MiFID II. The firm's long operational history since 2004 further suggests established procedures. While certain details, such as specific license numbers or the precise scope of negative balance protection for each entity, remain unverified, the core regulatory framework is confirmed. Clients should be aware of which entity they are engaging with to understand the specific regulatory protections applicable to their account. The availability of both a proprietary platform and MetaTrader offers flexibility for various trading preferences.
User reports
Moderated accounts submitted by readers. Not regulatory evidence.
Reports are published only after a person reads them. A report marked verified means the reporter supplied supporting documentation we were able to check. An unverified report is one person's account and does not change this entity's status.
Submit a reportNo moderated reports have been published against this record yet. If you have dealt with this firm, tell the register office.
Sources
Every source below was retrieved from the publisher's own site.
- FINMACompany/legal page — Dukascopy Bank SAhttps://www.dukascopy.com/swiss/english/about/company/RETRIEVED 2026-09-06
- Latvijas Banka (Bank of Latvia)Company/legal page — Dukascopy Europe IBS AShttps://www.bank.lv/en/financial-market-participant-register/market-participants/dukascopy-europe-ibs-asRETRIEVED 2026-09-06
Frequently asked
Is Dukascopy regulated?
Yes, Dukascopy Bank SA is regulated by FINMA in Switzerland, and Dukascopy Europe IBS AS is regulated by Latvijas Banka in the EU.
What is the difference between Dukascopy Bank SA and Dukascopy Europe IBS AS?
Dukascopy Bank SA is the Swiss entity, regulated by FINMA, acting as a bank and securities firm. Dukascopy Europe IBS AS is the EU entity, regulated by Latvijas Banka, operating as an investment brokerage firm. The applicable regulations and protections depend on which entity holds your account.
Does Dukascopy offer negative balance protection?
The specific scope of negative balance protection by entity was not verified. Clients should check directly with Dukascopy regarding the terms and conditions applicable to their specific account and entity.
Can I verify Dukascopy's license numbers?
While we confirmed their regulatory bodies, specific license numbers for FINMA and Latvijas Banka were not recorded during our verification process. You can verify their authorization by checking the official public registers of FINMA and Latvijas Banka.