Dukascopy receives FINMA regulatory approval

Finally FINMA, the Swiss market regulator, has approved another Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker. MIG was the first a few months ago and now it's Dukascopy's turn.

Dukascopy will now receive a full status of a bank and along forex may offer other banking products to its clients. This is how forex is regulated in Switzerland.

Dukascopy becomes only the second Swiss Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term to be approved by FINMA. Another broker waiting on the sidelines is AC Markets, although its story may be a bit different as it was once raided by FINMA and there are rumors of a large lawsuit launched by a client against the company. Internal struggles which saw most of its original founders part ways with the company. FINMA's stringent capital and regulatory requirements have minimized the number of 'Swiss' brokers from couple of dozens to just three and if ACM won't get its license it will only be down to two.