Gerchik & Co – Review of the Well-Known Forex Brokers

Gerchik & Co – Review of the Well-Known Forex Brokers title=

This Trading Platform is available in Ukraine

2.9/5

Gerchik & Co has garnered mixed feedback from users across various review platforms. Clients appreciate the broker for its educational resources and the transparency it offers, which is a big plus for beginners and seasoned traders alike. The risk management tools provided are also frequently highlighted as beneficial. However, some users have expressed concerns over customer service responsiveness, with reports of slow support being an issue. Additionally, there have been mentions of challenges in withdrawing funds, causing frustration among some clients. Overall, while Gerchik & Co seems to offer valuable tools and information for traders, they may need to improve aspects of their client service experience to enhance overall satisfaction.

Min. deposit
$500
Website address
Demo account
Yes
Currency
EURUSD
Supported languages
EngRus
Active
Yes
Payment Methods
Bank WireCredit/Debit cardsNetellerSkrill
Pros
  • Regulated broker
  • MT4 and MT5 platforms
  • Demo account available
  • Negative balance protection
Cons
  • Limited educational resources
  • No Islamic account
  • Inactivity fee
Awards
None
Bonus
No
Instruments
CFDsCryptoForexIndicesMetalsStocks
Min. trade price
Depends on asset
Regulated By
Vanuatu Financial Services Commission (VFSC)
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
Yes
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
Yes
Margin Trading
Yes
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
Yes
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
Yes
Islamic Account
No
Inactivity Fee
Yes
Guaranteed Stop Loss
No
Stock Exchanges
Not applicable
Commodities
Gold, Silver, Oil, and others
Forex Trading
Yes
Forex GBPUSD Spread
Variable, from 0.3 pips
Forex EURUSD Spread
Variable, from 0.3 pips
Forex EURGBP Spread
Variable, from 0.3 pips
Forex Assets
50+ currency pairs
Crypto Spread
Variable
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BTC, ETH, LTC, and others
Binary Options
No
Payout Percent
Not applicable
Expiry Times
Not applicable
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.9,
according to 9 reviews

4.5 Stars
Kateryna Smirnova
Kateryna Smirnova
stars
ua
I've been trading with Gerchik & Co for a while now, and I’m really happy with them! The platform is super easy to use, and training resources they offer have helped me up my trading game. They’re transparent and professional, which gives me confidence and peace of mind, and their customer service is always quick to help. Plus, they offer a wide range of trading options and tools which have been a real game-changer for me. If you're looking for a solid broker, I couldn't recommend Gerchik & Co enough.

View all

Влад Маурус
Влад Маурус
stars
gb
This is a good brokerage company. I have been using their services for more than 6 years. I am satisfied with everything. a little lacking are face-to-face meetings with traders, which the company used to organize very often.

View all

Vladimīrovičs Vladimīrovičs
Vladimīrovičs Vladimīrovičs
stars
lv
Good broker, never had any issue

View all

Content

Consumers lost a staggering $12.5 billion to fraud in 2024. The best way to protect yourself is to do your financial business on safe, regulated platforms – which requires doing some research before you sign up.

In my search for a reputable forex broker, I discovered Gerchik & Co, and was curious to see how it stacks up to the competition.

Gerchik & Co Review

If you have chosen to embark on online trading, here is something for the road. In John Neff’s words, “it’s not always easy to do what’s not popular, but that’s where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized.”

With that in mind, let’s begin this Gerchik & Co review with a little background story.

What is Gerchik & Co?

Whether you prefer a volume-based trading technique or another approach, using a platform built by a former trader feels different. I found the experience spread across different sections as you prepare for business. That is what Gerchik & Co, Ltd. is all about.

This online broker started in 2015 and won the award for the FX broker with the fastest growth rate right away. It went on to win several awards.

With an expected CAGR of 6.5% for the global online trading industry, Gerchik and Co. is set to make a mark. The platform boasts over 100,000 users and 5,000 trades per month. Still, there’s more in store for traders who sign up.

Regulation

Gerchik & Co is not regulated, which should be a red flag for any potential customer. The Vanuatu Financial Services Commission has given it a license to work as a broker, but the organization is a pay-to-join organization rather than an overseeing regulatory body. Its financial providers include

  • J.B. Finance LLP
  • White Heaven SIA
  • Gerchik & Co. Consulting OÜ

Gerchik & Co has a Dealing in Securities license. Its physical office in the Govant Building, Kulum Highway, Port Vila, Vanuatu.

Security

Gerchik & Co purports to follow all privacy laws, treating user information as per the General Data Protection Regulation (GDPR).

I installed the mobile on my device and noticed that it ran in isolation in my device’s memory. That ensures that third-party applications cannot access it. Overall, user data security is at the iOS operating system level.

Gerchik & Co’s Services

This online broker has an overwhelming range of services to parse through, but we’ll discuss them all here.

The risk management tool is an important part of Gerchik & Co’s platform because it gives consistent results. Furthermore, it is automated to give you a hands-free approach to loss protection. You can customize it to fit your strategy and trading approach.

The confidence that risk management brings allows you to experiment with different trading styles to find the best one. Still, the online broker offers even more to traders.

Its features can be summed up as follows:

  • Risk manager
  • Real market volume
  • Algorithmic developer
  • Trader statistics
  • Gerchik & Co MetaTrader 4
  • MetaTrader 5

As you can see, Gerchik & Co has placed an emphasis on automated trading with its MetaTrader 4 and 5 support. This expands your access to global markets with tools like the market watch, time frame options, and chart customizations.

Gerchik & Co Services

The real volume indicator by Gerchik & Co is another handy tool that can help you find the best levels. From there, you can place your orders at the correct positions and improve your stop-loss settings. It is a tool that shows volume distribution for over 350 instruments.

You can use the trader statistics feature to keep track of your trades. The online broker will sort and analyze your data to provide helpful information. Then, you can evaluate your strategy and make adjustments where necessary.

The algorithmic developer is where things start to get very professional. Still, I found Gerchik & Co’s free trading plan helpful for beginners. Expert traders can then use the available critical parameters to build their own.

Further reading

Payment Options

Payments were the next thing on my mind as I explored the tools on the platform. After all, I needed funds in my account to make any real-money trade. Here is what I found.

A robust trading platform should feature multiple payment methods that cater to a global audience. I understand that transacting in your local currency is the easiest in online brokerage. Fortunately, Gerchik & Co supports industry-leading options with service times from 9:00 am to 6:00 pm, Monday to Friday.

The payment options at this online broker are as shown in the table below, along with the applicable charges and conditions:

Payment Method Charges Min. Withdrawal
Visa, MasterCard 2.8% $15
SEPA, SWIFT €5 €100
Advanced cash 0.5% $1
Perfect money 0.5% $1
Ripple 0.5% + blockchain fees $100
Bitcoin 0.5% + blockchain fees $100

Gerchik & Co also accepts other forms of payment, such as Tether, TUSD, Ethereum, the SharPay Visa Card, Litecoin, Dai, USDC, etc. You can fund your account with any of them, but first confirm that it is available in your region.

All deposits can take up to one business day to register in your account, so don’t stress if you don’t see your funds immediately after payment. Mine took a few hours before dropping in my account.

Withdrawals increase the time to two business days, except for a few cryptocurrencies that take one day.

The accepted currencies are US dollars and euros. However, some payment options, like SEPA and SWIFT, only accept euros.

Further reading

Account Types

I found several accounts on this broker. Gerchik & Co. separates its accounts based on the allowed trading costs.

If you are ready to jump on the opportunity this online broker offers, here are the account types you can open:

Account Types Gerchik & Co

  • Zero account: You can start sending your orders to the interbank market with as little as $/€100. This account has a maximum leverage of 1:100 with a minimum lot size of 0.01. Despite its affordability, you can still access Metatrader 4 and 5, unlimited orders, and algorithm trading.
  • Mini account: This subscription starts at $/€500, but it reduces the spread to 0.4pp. You will enjoy a $10 fee per lot with unlimited orders.
  • Simple account: This one costs $/€1,000 to open, but it brings added benefits. The spreads are non-existent, and you get a minimum lot size of 0.10. Other features are the same as the mini account.

Investors can start propping up their investments with $/€100 and the option to reinvest. The profit payout is periodic; it could come once a week, twice a week, once a month, twice a month, or once a quarter. You will get as much as is outlined in the offer.

I tested the Zero account and it went smoothly. The access to MetaTrader 4 and 5 was welcome when exploring the instruments.

While enjoying the investors’ calculator, you can register as a manager with $/€1,000. That brings 1ms execution speed and the best market liquidity.

Further reading

Instruments at Gerchik & Co

The contracts for difference (CFDs) caught my eye as I reviewed the available instruments. They include forex, cryptocurrencies, metals, indices, energy, futures, and stocks. Stocks encompass the US, EU, and UK markets.

Instruments at Gerchik & Co

Gerchik & Co supports CFDs on exchange-traded funds. The preliminary details include the contract size, margin percentage, and swap.

You can also view the trading hours and server breaks for each instrument.

This digital brokerage allows traders to hold their positions overnight. Although I did not try it myself, the trading terms state that you may get credited or debited, depending on the conditions. Furthermore, you will find the swap rates in either PIP or percentages.

All instruments have their special swap rates. You will see them once you are ready to trade. Overall, Gerchik & Co provides adequate assets for trading.

Here is some wisdom from Rod Casilli to push you forward:

“Trading is not for the dabblers, the dreamers, or the desperate. It requires, above all, one steadfast trait of dedication. So, if you are going to trade, trade like you mean it.”

There are many more trading quotes and tips to keep you motivated. In this world, you need all the help you can get.

Further reading

Training

Gerchik & Co offers two training programs as follows:

  • The reboot training course
  • Training from scratch

The “reboot” training course provides sample trades, charts, and videos to achieve more consistent trading. Its ready-to-use techniques and strategies partner with home tasks for optimal retention and deployment.

From my experience trying out some of the features of the course, it offered decent content, but nothing unique.

Gerchik & Co offers its reboot training for free, but you must choose from two packages. The first is the basic package, which includes five videos and two months of access to the lessons. You will get up to four months of access and the entire course if you opt for the comfort package.

The “training from scratch” course option best suits beginners as it teaches how to use technical analysis for market decisions. It also shows how to make low-risk trades, create a trading plan, and a checklist to enter the market correctly. You will get the “Fifty Shades of Forex” Trader’s Handbook as a bonus.

Further reading

Customer Support

Gerchik & Co’s customer support is comprehensive. Traders get a full live chat, ready to take on their inquiries with immediate responses Click the little icon with a pop-up saying “What’s Your Question?” on the bottom left of the screen.

If you are in its base country, you can visit the head office at Port Vila, Vanuatu. Notwithstanding, the online broker offers telephone support for Ukraine, Kazakhstan, and the European Union. The last is a telephone service for all English-speaking clients.

The last channels you can use include email, Twitter, and Telegram.

I particularly enjoyed the live chat for its quick responses. Emails took longer, but I still got replies.

Further reading

Pros of Gerchik & Co

  • Clear and understandable terms and conditions.
  • Supports independent, trust-managed, automated, and advisor-assisted trading.
  • A variety of tools and educational resources.
  • Investment protection (risk manager).
  • Minimal required initial investments (from 100 USD).
  • As stated by the broker, spreads start at 0 pips.
  • The firm clearly outlines their commission fee.

Further reading

Cons of Gerchik & Co

  • Bonuses are limited.
  • Several verified sources of feedback citing incorrect quotes.
  • The User Agreement terms generally don’t side with the customer.

Further reading

Conclusion

Gerchik & Co conducts triaging via different terminals, including MetaTrader 4 and 5. However, the trader’s statistics feature might be the best, as it lets you view your previous trades and adjust your strategy.

You can register as an investor or a manager. The latter costs more, but offers a 1-millisecond execution speed and the best market liquidity.

Overall, Gerchik 7 Co is equipped for both beginners and professional traders. You can start with as little as $100.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading

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