An Interview With Dukascopy

What is your name and position?

Alain Broyon, CEO

What is your professional background?

Trader in Swiss Private Bank, then corporate advisor and Account Manager in Swiss Banks

Who are your targeted audience?

Professional traders (from high net worth individuals to hedge funds and external managers)

Is your main focus of your business online or offline?

Our business is online trading

Why should a trader choose Dukascopy over another broker?

Because Dukascopy provides access to SWFX - Swiss FX Marketplace

What advice do you have for someone who is just starting to trade the forex market?

It is a very difficult market involving high risk. So, if someone would like to start, I would recommend him/her to start cautiously, with lower leverage (maybe even 1:1), and get help from professional advisors. Trading on demo account to get acquainted with the market is also a good idea; however one must remember that it is still different to trading with real money. In the case of Dukascopy –Swiss FX Marketplace, we accept only professional traders

How different is the forex market today from what it was 2 years ago?

The Forex Market is becoming more online but, at the same time, we still need to be close to our clients.

Do you also offer Fund management services?

We only offer fund management to certain large professional investors. There are currently two strategies running, both are based on extensive research and technological approach to the market analysis. While the entry level for Dukascopy Managed Accounts is very high, we can only accept a limited total amount of funds in order for these strategies to be effective.

Who are the main competitors of Dukascopy in the on-line Forex market?

The other marketplaces link to Swiss FX Marketplace but they are in fact partners of Dukascopy. We have developed close business relationships. In a sense, we have no competitors, as our main business is broking and development of technological solution, and not dealing against market makers or other brokers.

What do you think about Forex scam problem in the on-line Forex brokers market?

Most countries are now moving towards stricter regulation and client protection. It is only the start, but it’s already something positive. I would definitely recommend to any investors to perform due diligence with regard to any managers or brokers they are planning to invest with. Unfortunately, wrong and misleading representations are still not a rarity in the industry. This is somewhat less of a problem for Dukascopy, as we deal only with professional investors, however we would definitely like to see the industry as transparent and responsible as possible.

Where do you see Dukascopy 2 years from now?

Dukascopy is currently undergoing licensing process to become a Swiss bank. At the same time we are continuing to work on our technology to insure that Dukascopy - SWFX remains a unique marketplace solution. We are targeting a daily volume of 100 billion USD, approximately 10% of the World’s spot market.