Following a stellar first half of 2022, Switzerland based Retail FX and CFDs broker Dukascopy saw activity cool off somewhat in the second half of the year with both Revenues and Profits well below 1H-2022 levels.

Dukascopy posted Revenues of CHF 12.4 million (USD $13.9 million) in 2H-2022, down 14% from CHF 14.4 million in the first 6 months of 2022. Net Profit in 2H-2022 came in at CHF 2.8 million, down 27% from CHF 3.9 million in 1H-2022. For the full year 2022, driven mainly by the company’s strong start to the year, Revenues were CHF 26.8 million versus CHF 22.0 million in 2021. Annual profit was CHF 6.7 million for 2022, up from CHF 2.3 million in 2021.

So again, a fairly good year overall.

Dukascopy did shrink its employee base somewhat in 2022, at 72 versus 83 as at year-end 2021.

Companies within Dukascopy Group are regulated in Switzerland, Latvia and Japan. The Latvian entity, Dukascopy Europe has a license to operate in the European Union.

Dukascopy’s full results release for 2022 can be seen here (pdf).