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Dukascopy Bank SA vs GMG Markets Comparison

Last updated May 30, 2025
Dukascopy Bank SA LogoDukascopy Bank SA
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
GMG Markets LogoGMG Markets
4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of Dukascopy Bank SA and GMG Markets

BrokerDukascopy Bank SAGMG Markets
Rating
4.2/5
4/5
Foundation Year20102015
Regulated in CountriesSwitzerlandUnited Kingdom
Minimum Deposit
  • 1000 USD
  • 100 USD
Spreadfrom 0.1 pointsfrom 0 points
Max Leverage1:2001:30
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
Trading Platforms
  • MetaTrader 4
  • JForex
  • MetaTrader 5
ReviewDukascopy Bank SA Review GMG Markets Review

Dukascopy Bank SA is suitable for traders looking for a reliable partner with a wide range of services and secure tools for trading in financial markets.

GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.

Dukascopy Bank SA Review

Dukascopy Bank SA Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 4JForex
compare Dukascopy Bank SA trading accounts

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

  1. Wide range of trading assets.
  2. High-quality trading platforms.
  3. Quality technical support.
  4. Diverse analytical tools.

Cons

  1. Fees for deposit and withdrawal.
  2. Insufficient educational materials.

Dukascopy Bank SA is in the top 10 of the following ratings:

GMG Markets Review

GMG Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices
Trading Platforms
MetaTrader 5
compare GMG Markets trading accounts

GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.

This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:200 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.

Pros and Cons of GMG Markets

Pros

  1. Robust regulation — FCA license, segregated accounts, FSCS protection.
  2. Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
  3. MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
  4. VPS hosting — complimentary with required monthly turnover.
  5. 24/5 tech support — chat, phone, and e-mail typically respond within minutes.

Cons

  1. Limited instrument selection — only Forex, a few indices, and commodities.
  2. Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
  3. No e-wallets or cryptocurrencies available for transactions.
  4. Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.

Reliability

BrokerDukascopy Bank SAGMG Markets
Reliability
5/5
5/5
Foundation Year20102015
Regulated in CountriesSwitzerlandUnited Kingdom
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.

GMG Markets

Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.

Pros

  1. FCA License — Tier-1 regulator
  2. Funds segregation + FSCS compensation up to £85,000
  3. STP/NDD model without dealer intervention

Cons

  1. Single jurisdiction (FCA), no additional licenses

Account Opening

BrokerDukascopy Bank SAGMG Markets
Account Opening
4.5/5
5/5
Minimum Deposit
  • 1000 USD
  • 100 USD

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

  1. Clear and simple registration process.
  2. Fast verification, often less than 24 hours.
  3. Possibility of identity confirmation via video call.

Cons

  1. Minimum deposit of $1000 may be high for beginners.

GMG Markets

GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day.

Pros

  1. Online registration in 5–7 minutes
  2. Document verification within 1 day

Cons

  1. Detailed KYC form

Account Types

BrokerDukascopy Bank SAGMG Markets
Account Types
4/5
3.8/5
Trading Accounts
  • ECN
  • Standard
  • RAW Spread
Minimum Deposit
  • 1000 USD
  • 100 USD
Spreadfrom 0.1 pointsfrom 0 points
Max Leverage1:2001:30
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
Trading Platforms
  • MetaTrader 4
  • JForex
  • MetaTrader 5
Demo Account
Swap-free Account

Dukascopy Bank SA

Dukascopy offers a versatile ECN account, but limits the selection of specialized accounts.

Pros

  1. 24 base currencies.
  2. Availability of binary options and Islamic account.
  3. Contests and managed accounts available

Cons

  1. Lack of cent accounts.
  2. No fixed spread accounts.

GMG Markets

Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.

Pros

  1. Commission-free Standard, and zero-spread Raw account
  2. Islamic account and spread-betting options for niche segments
  3. Complimentary VPS with required turnover

Cons

  1. No cent/fixed-spread account
  2. Lack of copy trading, PAMM, contests

Commissions

BrokerDukascopy Bank SAGMG Markets
Commissions
3.7/5
4/5
Spreadfrom 0.1 pointsfrom 0 points
Average Spread (EURUSD)0.31.2
Commission per Lot$3.78$3.5

Dukascopy Bank SA

Dukascopy offers average commissions with flexible terms depending on trading volume and deposit, but charges an inactivity fee.

Pros

  1. Flexible commission that decreases with increasing trade volume.
  2. Low swaps compared to competitors.

Cons

  1. Transaction fee higher than some competitors.
  2. Inactivity fee charged.

GMG Markets

GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.

Pros

  1. No inactivity fees
  2. Free deposits and withdrawals

Cons

  1. Swaps are above average

Deposit and Withdrawal

BrokerDukascopy Bank SAGMG Markets
Rating
3.5/5
4/5
Account Funding Methods
  • Apple Pay
  • Skrill
  • Neteller
  • Swift
  • SEPA
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard

Dukascopy Bank SA

Dukascopy offers a variety of deposit and withdrawal methods, but with high fees.

Pros

  1. Wide selection of methods.
  2. Fast fund crediting.
  3. Free transfers between Dukascopy accounts.

Cons

  1. High fees (2.5%).
  2. Lack of cryptocurrencies in deposit/withdrawal methods.

GMG Markets

Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.

Pros

  1. Commission-free transactions
  2. Instant card funding

Cons

  1. No e-wallets
  2. No cryptocurrencies

Markets and Products

BrokerDukascopy Bank SAGMG Markets
Markets and Products
4.7/5
2.5/5
Forex6064
Precious Metals513
Energy Carriers43
Soft Commodities6-
Indices2017
Stocks1081-
ETF51-
Bonds3-
Cryptocurrency18-

Dukascopy Bank SA

Dukascopy offers an extensive selection of markets and products, but with limited leverage.

Pros

  1. Wide range of currency pairs and CFDs.
  2. Ability to trade binary options.
  3. Access to cryptocurrencies.

Cons

  1. Relatively low leverage.

GMG Markets

The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.

Pros

  1. 64 currency pairs
  2. Major indices and metals

Cons

  1. No CFDs on stocks
  2. No cryptocurrencies
  3. Limited commodity selection

Trading Platforms

BrokerDukascopy Bank SAGMG Markets
Rating
4.5/5
3.5/5
Trading Platforms
  • MetaTrader 4
  • JForex
  • MetaTrader 5

Dukascopy Bank SA

Dukascopy's trading platforms are highly regarded for their functionality and user-friendliness.

Pros

  1. Wide selection of technical indicators.
  2. Availability of unique order types.
  3. Support for mobile devices and MT4.

Cons

  1. Lack of other popular platforms besides MT4.

GMG Markets

The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.

Pros

  1. Fully featured MT5
  2. Desktop, web, and mobile applications

Cons

  1. No MT4, cTrader, TradingView
  2. Essentially a single platform option

Analytics

BrokerDukascopy Bank SAGMG Markets
Rating
5/5
3/5

Dukascopy Bank SA

Dukascopy's analytical tools are extensive and of high quality.

Pros

  1. Availability of fundamental and technical analysis.
  2. Own TV channel with up-to-date information.
  3. A variety of additional tools.

GMG Markets

Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.

Pros

  1. Complimentary Autochartist
  2. Market news

Cons

  1. No proprietary research
  2. Weak fundamental analysis

Education

BrokerDukascopy Bank SAGMG Markets
Rating
3/5
4/5

Dukascopy Bank SA

Dukascopy's educational materials are limited, with a focus on video tutorials for the platform, but without in-depth analysis.

Pros

  1. Video tutorials for the JForex platform.

Cons

  1. Lack of regular webinars and seminars.
  2. Shortage of materials for advanced traders.

GMG Markets

The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.

Pros

  1. Regular free webinars
  2. Novice-oriented article base
  3. Recordings available 24/7

Cons

  1. No advanced courses
  2. No podcasts or multilingual programs

Customer Support

BrokerDukascopy Bank SAGMG Markets
Rating
4.5/5
4.5/5
Email Support
  • support@dukascopy.bank
  • info@gmgmarkets.co.uk
Hotline Phones
  • +41227994888
  • +41227994848
  • +41227994838
  • +37167218724
  • +37167218725
  • +380444952092
  • +85258049375
  • +74956428121
  • +442038653306
Social Media

Dukascopy Bank SA

Dukascopy's technical support is efficient, with rapid response and professional staff.

Pros

  1. Instant responses in chat.
  2. Short waiting time on the phone.

Cons

  1. No messengers for communication with support.

GMG Markets

The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.

Pros

  1. Online chat and phone support 24/5
  2. Rapid response
  3. Competent representatives

Cons

  1. No weekend support
  2. Delays during peak demand

Comparisons of Dukascopy Bank SA and GMG Markets with other brokers

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.