Dukascopy Bank SA, a Swiss-based financial institution, has issued a public advisory notice regarding a fraudulent clone website operating under the domain https://www.dukascopys.top.
Public Advisory Notice on Unauthorized Dukascopy Clone
The bank wants to alert its clients and the public that this fraudulent website is not under the control or ownership of Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity within the Dukascopy Group.
The warning emphasized that individuals should exercise extreme caution when accessing or interacting with the website https://www.dukascopys.top. Dukascopy Bank strongly advised against providing any personal information or sensitive data on this unauthorized website.
In response to the discovery of this fraudulent clone website, Dukascopy Bank has taken swift action to address the situation. The bank is committed to safeguarding its clients and the integrity of its services by actively working to counter the unauthorized use of its name and reputation.
This incident serves as a reminder of the importance of exercising caution and verifying the authenticity of websites when interacting online, particularly in the financial and banking sectors where personal and financial information is at risk.
Contrasting Financial Performance in Consecutive Years
Dukascopy experienced a decline of 80% in profits, with a reported CHF 889,000 in the first half of 2023. It is a significant decrease from CHF 3.9 million during the same period in 2022, Finance Magnates reported earlier.
This profit slump can be attributed to a substantial drop in income from trading activities. The report showed it fell from CHF 14.4 million to CHF 9.6 million, marking a decrease of 33%.
In contrast, Dukascopy's revenue from interest operations, including loans, bonds, and money market funds, saw a colossal and exhilarating surge of 800%, rising to CHF 686 million from CHF 76,000.
While the company's income from commission business and services increased only slightly by 1% to CHF 562.4 million, its operating expenses notably plummeted 74% from CHF 4.8 million in H1 2022 to CHF 1.2 million in H1 2023. This sharp decline in profits comes after a successful 2022, where Dukascopy recorded a huge profit increase of over 200% to CHF 6.4 million.
