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 such as FINMA ,FSA, it is not regulated by CySEC (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 CySEC.
Does Dukascopy Operate Under CySEC?
No, Dukascopy does not operate under CySEC (Cyprus Securities and Exchange Commission) regulation. However, 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 CySEC in the EU.
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 CySEC Regulated Forex Brokers: Alternatives to Dukascopy
Dukascopy is one of the leading forex and CFD brokers. The broker is not regulated by CySEC. It is regulated by other top-tier regulators including FINMA ,FSA. There are several CySEC regulated brokers that can serve as alternatives to Dukascopy. These brokers include:
- Founded In: 2010
- Minimum Deposit: $0, Recommended: $200
- Maximum Leverage: 500:1
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
- Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
- Founded In: 2007
- Minimum Deposit: $200
- Maximum Leverage: 1:1000
- Regulations: ASIC, CySEC, and FSA
- Trading Platforms: MT4, MT5, Ctrader and TradinView
- Trading Instruments: Forex, commodities, indices, cryptocurrencies, shares, ETFs, and CFD forwards
- Founded In: 2007
- Minimum Deposit: $50
- Maximum Leverage: 30:1 EU, 50:1 USA
- Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC,
- Trading Platforms: eToro Trading Platforms
- Trading Instruments: Cryptocurrencies, Stocks, Commodities, Currencies
- Founded In: 2009
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations : ASIC,FCA, CySEC, SCB
- Trading Platforms : MT4, MT5, TradingView, Webtrader
- Trading Instruments: Forex,Commodities,Indices,Shares,Crypto
- Founded In: 2014
- Minimum Deposit: $100
- Maximum Leverage: 1:1000
- Regulations: FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S
- Trading Platforms : MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
- Trading Instruments: Forex, stock, indices, commodities, bonds, cryptocurrencies, Futures & options
These brokers operate under CySEC regulation. According to CySEC rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about CySEC-regulated forex brokers, you can read our content on the best CySEC-regulated forex brokers.
How Can I Verify If My Broker is CySEC-regulated or not?
You can find a CySEC-regulated broker’s profile on the CIF Regulated Entities List on the CySEC website. To verify if your broker, such as Dukascopy, is regulated by the CySEC follow these steps:
1. Get Broker Details
Start by finding the broker’s license number or name. This info is usually on the broker’s website. Having the right details is key for the next steps.
2. Visit the CySEC Website
Go to the CySEC Regulated Entities List. This is where you can verify if your broker is regulated.
3. Conduct the Search
Enter the license number or broker name into the search bar. This will bring up the broker’s profile on the CySEC website, showing important details about their regulatory status.
4. Check Authorization
Make sure the broker is authorized to offer specific services:
- Look for “9 – Financial contracts for differences” under Investment Services.
- Check for “Foreign exchange services connected to investment services” under Ancillary Services. This confirms they can legally offer forex and CFD trading.
5. Match Firm Details
Finally, ensure that the information on the CySEC website matches what you see on the broker’s site. Check the website, email, and other contact info. If anything doesn’t match, it could mean the broker isn’t authorized, and you should stay away to protect your money
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 CySEC-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 Cyprus?
No, Dukascopy is not regulated in Australia. The broker is not regulated by CySEC, the Australian regulator. However, it accepts Australian clients under its global entity. Dukascopy is regulated by several other authorities, including FINMA ,FSA.
