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341 firms on file · 202 identified entity records 73 carry a published regulator notice

COUNTERPARTY FILE · last re-checked 2026-09

Dukascopy Bank (institutional / white-label liquidity) — institutional liquidity provider

Dukascopy Bank's disclosures indicate certain unverified aspects of its operations.

Dukascopy Bank SA · Geneva, Switzerland

evidence score
76/100

Licence, read literally

RegulatorLicence numberJurisdictionTierSource
FINMAnot verifiedSwitzerlandT1open source
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.

Residuals a counterparty carries

2

  1. R01

    Unpublished FINMA licence number

    Dukascopy Bank's FINMA licence number is not published on its own pages.

    Source: firm disclosures page

  2. R02

    Lack of named data centres

    No named data centres are published on Dukascopy's fetched pages.

    Source: firm disclosures page

The claims ledger

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

  • Founded on 2 November 2004 in Geneva by Andre and Veronika Duka, who still own 99% of the company (own company page)
  • Regulated by FINMA both as a bank and as a securities firm; statutory auditor KPMG (own pages)
  • Under the Swiss Financial Market Infrastructure Act Dukascopy Bank is qualified as a bilateral Organised Trading Facility (OTF) (own transparency page)
  • White Label programme targets banks and regulated financial institutions; spot margin trading in G10 pairs incl. spot gold; minimum turnover requirement of USD 2 billion within the first two years

Claims we cannot verify from outside

  • SWFX 'connected through FIX API to over 20 major banks' — the LP count is the firm's own measurement
  • 'One of the world's largest liquidity aggregators' is the firm's own characterisation
  • One transparent price feed / true historical tick data claims are the firm's own service descriptions

Perimeter and coverage

Asset classes
FX spot (G10 + spot gold), Bullion, CFDs, Binaries, Crypto exchange & fiduciary custody (FINMA-authorised)
Venues
Connectivity
FIX API, JForex, MT4/MT5 bridge, Web/Java platforms
Clients accepted
Banks and regulated financial institutions (white label), Brokerage firms, Hedge funds and other institutions, Corporate/institutional accounts: regulated brokers, e-money companies, other PSPs
Explicitly refused
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.