Dukascopy ASIC Regulation 2024: Supervision, Investor Protections, and More

Dukascopy is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Stocks, crypto, indexes, stocks, bond, energy, commodities, and ETF. It also supports multiple trading platforms and tools such as MT4, MT5, FOREX,Apple iOS,Web,Android.

Although Dukascopy is regulated by several authoritative bodies, including FINMA ,FSA., it is not regulated by ASIC (Australian Securities and Investments Commission). In this article, we will explore Dukascopy’ regulations, and its features, and provide a list of alternative brokers that are regulated by ASIC.

Does Dukascopy Operate Under ASIC?

No, Dukascopy does not operate under ASIC (Australian Securities and Investments Commission) regulations. The broker is regulated by several other reputable financial authorities, including FINMA ,FSA. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the ASIC in Australia.

What Other Regulations Does Dukascopy Have?

FINMA:

Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA). FINMA, established in 2009, is Switzerland’s independent financial regulatory body responsible for supervising banks, insurance companies, and financial intermediaries to ensure the stability of financial markets.

FINMA requires Dukascopy to comply with strict standards of financial security, including maintaining sufficient capital, protecting client funds by segregating them from company assets and ensuring transparent and accurate financial reporting. FINMA’s oversight ensures that Dukascopy operates with integrity and reliability, providing a secure trading environment for clients in Switzerland.

FSA (Japan)

FSA regulation refers to the rules and oversight provided by the Financial Services Agency (FSA) of Japan. Established in 2000, the FSA supervises financial institutions including banks, insurance companies, and forex brokers to ensure the stability and fairness of Japan’s financial system. It works to protect investors and maintain confidence in the market.

Financial service providers, such as forex brokers, must be licensed by the FSA to operate in Japan. The FSA enforces strict standards on capital requirements, risk management, and transparency. It requires firms to segregate client funds to ensure their protection and implement robust measures to prevent financial misconduct. By enforcing these regulations, the FSA plays a key role in upholding market integrity and safeguarding investor interests.

Best ASIC Regulated Forex Brokers: Alternatives to Dukascopy

Dukascopy is one of the leading forex and CFD brokers. The broker is not regulated by ASIC. It is regulated by other top-tier regulators including FINMA ,FSA. There are several ASIC regulated brokers that can serve as alternatives to Dukascopy. These brokers include: 

These brokers operate under ASIC  regulation. According to ASIC rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about ASIC-regulated forex brokers, you can read our content on the best ASIC-regulated forex brokers.

How Can I Verify If My Broker is ASIC Regulated?

To verify if your broker, such as Dukascopy, is regulated by the ASIC, follow these steps:

1. Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
2. Search the ASIC Register: Visit the ASIC Financial Services Register and enter the broker’s reference number or name.
3. Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
4. Match Firm Details: Verify that the details on the ASIC website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.

Frequently Asked Questions ( FAQs)

What is Dukascopy?

Established in 2004, Dukascopy is a Swiss-based online forex broker with headquarters in Geneva, Switzerland, and international offices in Japan and Latvia. The broker has held a Swiss bank license since 2010. Dukascopy offers MT4, MT5, and its own proprietary trading platform named JForex. Regulated by FINMA (Switzerland) and JFSA (Japan), the broker is renowned for its advanced trading technology and transparent pricing model. Dukascopy supports various trading strategies like scalping, hedging, and news trading, and also provides PAMM accounts. Moreover, it offers a range of educational resources to assist traders in enhancing their skills.

Is Dukascopy Considered Safe?

Yes, Dukascopy is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including FINMA ,FSA. It offers negative balance protection and holds client funds in segregated bank accounts.

Does Dukascopy Offer Negative Balance Protection?

Yes, Dukascopy offers negative balance protection. All ASIC-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.

Is Dukascopy regulated in Australia?

No, Dukascopy is not regulated in Australia. The broker is not regulated by ASIC, the Australian regulator. However, it accepts Australian clients under its global entity. Dukascopy is regulated by several other authorities, including FINMA ,FSA.