Dukascopy Bank SA vs Gerchik & Co Comparison
Compare trading conditions, commissions and platforms of Forex brokers Dukascopy Bank SA and Gerchik & Co. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Dukascopy Bank SA or Gerchik & Co?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Dukascopy Bank SA
- Minimum deposit · USD
- 1,000 USD
- Different platforms
- JForex
- Different markets
- Soft Commodities
- Bonds
Gerchik & Co
- Minimum deposit · USD
- 100 USD
- Different platforms
- MetaTrader 5
- Different markets
- None listed
Comparison Table of Dukascopy Bank SA and Gerchik & Co
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Foundation Year | 2010 | 2015 |
| Regulated in Countries | Switzerland | Vanuatu |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
Dukascopy Bank SA Review
Dukascopy Bank SA is a broker with a long history and a good reputation. The company provides its clients with a wide range of services and products for trading in international financial markets. The broker has reliable trading tools, including modern trading platforms and access to liquidity from its bank. In addition, Dukascopy Bank SA ensures a high level of security and confidentiality of its clients' data, making it one of the most reliable brokers in the market. Dukascopy Bank SA is an attractive option for traders looking for a reliable partner for successful trading in the financial markets.
Pros and Cons of Dukascopy Bank SA
Pros
- Wide range of trading assets.
- High-quality trading platforms.
- Quality technical support.
- Diverse analytical tools.
Cons
- Fees for deposit and withdrawal.
- Insufficient educational materials.
Gerchik & Co Review
Gerchik & Co. serves as a commendable platform for traders of all levels. The wide array of trading instruments and platforms makes this broker attractive to novices and seasoned traders.
The educational materials provided by the broker can be particularly beneficial for beginners and those looking to deepen their knowledge. In addition, the broker offers a variety of technical support communication options, which can be valuable for traders requiring immediate assistance.
This broker is suitable for novice and experienced traders due to its comprehensive approach and attention to detail regarding trading and education.
Pros and Cons of Gerchik & Co
Pros
- Transparent information about the broker's owners.
- A large number of trading accounts.
- Decent services that can help improve Forex trading.
- Educational courses, webinars, analytics.
- Opportunity for passive income on TIMA accounts.
- Contests on demo accounts and broker promotions.
Cons
- High commission for transactions on certain types of accounts.
- The website and personal account area may seem inconvenient (according to reviews).
- High deposit requirements for training or using services.
Gerchik & Co is in the top 10 of the following ratings:
Reliability
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Reliability | 5/5 | 3.4/5 |
| Foundation Year | 2010 | 2015 |
| Regulated in Countries | Switzerland | Vanuatu |
| Regulators |
Dukascopy Bank SA
Dukascopy Bank is a reliable broker, regulated by FINMA and licensed in Switzerland, Japan, and Europe, confirming its stability and legitimacy.
Gerchik & Co
The professional approach, risk management systems, trading education, and the protection of traders' interests by the international Financial Commission, lend Gerchik & Co a sufficient degree of reliability and regulation.
Pros
- Member of the FinaCom
- Quality of service confirmed by Verify My Trade
Cons
- Only a license from an offshore regulator
Account Opening
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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Dukascopy Bank SA
Opening an account with Dukascopy is quite simple and fast, with clear steps and the possibility of verification via video call.
Pros
- Clear and simple registration process.
- Fast verification, often less than 24 hours.
- Possibility of identity confirmation via video call.
Cons
- Minimum deposit of $1000 may be high for beginners.
Gerchik & Co
Gerchik & Co offers its clients a simple and quick account opening process. All that's required is to fill out the registration form on the website, choose the type of account, and enter personal details.
Account Types
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Account Types | 4/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:200 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
Dukascopy Bank SA
Dukascopy offers a versatile ECN account, but limits the selection of specialized accounts.
Pros
- 24 base currencies.
- Availability of binary options and Islamic account.
- Contests and managed accounts available
Cons
- Lack of cent accounts.
- No fixed spread accounts.
Gerchik & Co
Gerchik & Co provides an acceptable choice of trading accounts, making it attractive for traders with different levels of experience and investment goals.
Pros
- STP accounts
- Contests on demo accounts
- Availability of TIMA accounts
Cons
- No cent accounts
- No accounts with fixed spreads
Commissions
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Commissions | 3.7/5 | 2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.3 | — |
| Commission | per $1M turnover$35.00 | per 1 lot$5.00 |
Dukascopy Bank SA
Dukascopy offers average commissions with flexible terms depending on trading volume and deposit, but charges an inactivity fee.
Pros
- Flexible commission that decreases with increasing trade volume.
- Low swaps compared to competitors.
Cons
- Transaction fee higher than some competitors.
- Inactivity fee charged.
Gerchik & Co
Although Gerchik & Co offers competitive spreads and there are no commissions for withdrawing funds and no inactivity fees, the transaction commission may be significant for traders, especially those who conduct many transactions.
Pros
- No commission for fund withdrawal
- No inactivity fee
Cons
- High trading fees
Deposit and Withdrawal
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Account Funding Methods |
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Dukascopy Bank SA
Dukascopy offers a variety of deposit and withdrawal methods, but with high fees.
Pros
- Wide selection of methods.
- Fast fund crediting.
- Free transfers between Dukascopy accounts.
Cons
- High fees (2.5%).
- Lack of cryptocurrencies in deposit/withdrawal methods.
Gerchik & Co
Gerchik & Co provides a wide range of deposit and withdrawal methods, allowing users to choose the most convenient option. Both traditional payment systems and cryptocurrency wallets are available.
Markets and Products
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Markets and Products | 4.7/5 | 4.4/5 |
| Forex | 60 | 66 |
| Precious Metals | 5 | 7 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 6 | - |
| Indices | 20 | 14 |
| Stocks | 1081 | 296 |
| ETF | 51 | 21 |
| Bonds | 3 | - |
| Cryptocurrency | 18 | 11 |
Dukascopy Bank SA
Dukascopy offers an extensive selection of markets and products, but with limited leverage.
Pros
- Wide range of currency pairs and CFDs.
- Ability to trade binary options.
- Access to cryptocurrencies.
Cons
- Relatively low leverage.
Gerchik & Co
Gerchik & Co offers a decent selection of trading instruments and markets with 66 currency pairs and over 300 CFDs on various assets. However, some brokers offer a broader range of products, including more cryptocurrency pairs and commodities.
Pros
- Good choice of currency pairs
- Stocks from the US, Europe, and the UK are available
Cons
- No exchange-traded commodities
Trading Platforms
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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Dukascopy Bank SA
Dukascopy's trading platforms are highly regarded for their functionality and user-friendliness.
Pros
- Wide selection of technical indicators.
- Availability of unique order types.
- Support for mobile devices and MT4.
Cons
- Lack of other popular platforms besides MT4.
Gerchik & Co
MetaTrader 4 and MetaTrader 5 are reliable and functional platforms, but having Gerchik & Co's own innovative platform or mobile application could enhance this rating.
Analytics
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 5/5 |
Dukascopy Bank SA
Dukascopy's analytical tools are extensive and of high quality.
Pros
- Availability of fundamental and technical analysis.
- Own TV channel with up-to-date information.
- A variety of additional tools.
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
Education
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Rating | 3/5 | 5/5 |
Dukascopy Bank SA
Dukascopy's educational materials are limited, with a focus on video tutorials for the platform, but without in-depth analysis.
Pros
- Video tutorials for the JForex platform.
Cons
- Lack of regular webinars and seminars.
- Shortage of materials for advanced traders.
Gerchik & Co
The broker offers various educational materials, including courses, video lessons, a book, and even an educational mobile app.
Customer Support
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| Broker | Dukascopy Bank SA | Gerchik & Co |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
Dukascopy Bank SA
Dukascopy's technical support is efficient, with rapid response and professional staff.
Pros
- Instant responses in chat.
- Short waiting time on the phone.
Cons
- No messengers for communication with support.
Gerchik & Co
The broker provides numerous channels for contacting support, including telephone, email, Skype, Telegram-bot, online chat on the website, and the ability to create a ticket in the personal account.
Comparisons of Dukascopy Bank SA and Gerchik & Co with other brokers
Conclusion
When choosing between Dukascopy Bank SA and Gerchik & Co, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Dukascopy Bank SA or Gerchik & Co?
Dukascopy Bank SA ranks higher than Gerchik & Co in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Dukascopy Bank SA or Gerchik & Co?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Dukascopy Bank SA or Gerchik & Co?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Dukascopy Bank SA and Gerchik & Co?
Dukascopy Bank SA: MetaTrader 4, JForex. Gerchik & Co: MetaTrader 5, MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with Dukascopy Bank SA and Gerchik & Co?
Dukascopy Bank SA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Gerchik & Co: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Dukascopy Bank SA and Gerchik & Co?
Dukascopy Bank SA: ECN. Gerchik & Co: Zero, Mini, Simple, Silver, Gold, Platinum. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Dukascopy Bank SA and Gerchik & Co?
Dukascopy Bank SA: Apple Pay, Skrill, Neteller, Swift, SEPA, Visa, Mastercard. Gerchik & Co: Volet, Swift, SEPA, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Dukascopy Bank SA or Gerchik & Co — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
