Dukascopy Bank Issues Warning on Fraudulent Clone Website

<p>Dukascopy
Bank SA, a Swiss-based financial institution, has issued a public advisory
regarding a fraudulent clone website operating under the domain https://www.dukascopys.top.
</p><p>Public Advisory on Unauthorized
Dukascopy Clone</p><p>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.</p><p>The
warning emphasizes that individuals should exercise extreme caution when
accessing or interacting with the website https://www.dukascopys.top.
Dukascopy Bank strongly advises against providing any personal information or
sensitive data on this unauthorized website.</p><p>In
response to the discovery of this fraudulent clone website, <a href="https://www.financemagnates.com/tag/dukascopy/">Dukascopy</a> 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.</p><p>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 <a href="https://www.financemagnates.com/tag/financial/">financial</a> information
is at risk. </p><p>Contrasting Financial
Performance in Consecutive Years</p><p>Switzerland-based
financial institution <a href="https://www.financemagnates.com/forex/dukascopy-grapples-with-80-profit-decline-in-h1-after-upswing-in-2022/">Dukascopy
experienced an 80% decline in profits</a>, 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, <a href="https://www.financemagnates.com/">Finance
Magnates</a> reported earlier.</p><p>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 33% decrease. </p><p>In
contrast, Dukascopy's revenue from interest operations, including loans, bonds,
and money market funds, saw an impressive 800% increase, rising to CHF 686
million from CHF 76,000. </p><p>While
the company's income from commission business and services increased slightly
by 1% to CHF 562.4 million, its operating expenses notably decreased by 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
profit increase of over 200% to CHF 6.4 million.</p>

This article was written by Tareq Sikder at www.financemagnates.com.