Dukascopy Bank Delivers Strong Performance During the First Four Months in 2022

Switzerland based Retail FX brokerage group Dukascopy recently posted its financial results for the four months ending on April 30, 2022, generating CHF 10.3 million (USD $10.5 million) revenue during the period.

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Over this period, Dukascopy saw its revenue increased 30 percent from CHF 7.9 million for the same period of the previous year. The forex bank witnessed a jump in its operating profits, which came in at CHF 4.2 million for the four months. This figure is 133 percent higher than from CHF 1.8 million reported back in the same period a year ago.

In addition, the broker's net profit for the January-April 2022 period were CHF 3.5 million, more than its entire 2021 profit of CHF 2.1 million. This figure is 150 percent higher than from CHF 1.4 million reported back in the same period a year ago.

Founded in 2004, Dukascopy now has many business vertices, and its operations have expanded internationally. The group's bank and securities houses are regulated in Switzerland, Latvia and Japan.

Today's announcement follows Dukascopy revealing its financials for the year of 2021. The bank's operating expenses were 6.5% below operating expenses in 2020. From the beginning of the year client deposits have increased by 19.6%. Client deposits on trading accounts grew by 9.0%, client deposits on binary accounts increased by 4.4% and client deposits on LP PAMM went up by 56.2%.