According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 100
- MetaTrader4
- MetaTrader5
- VFSC
- 1995
Our Evaluation of Gerchik&Co
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Gerchik&Co is a reliable broker with the TU Overall Score of 7.03 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Gerchik&Co clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The trading conditions provided by the company are not suitable for beginners and are more focused on professional traders.
Brief Look at Gerchik&Co
Gerchik&Co was founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny and began operations in July of that year. Initially, it focused on the Commonwealth of Independent States (CIS, a Post-Soviet Union regional intergovernmental organization consisting of 9 countries in Eurasia) before expanding to the European level.
In November 2015, Gerchik&Co was recognized as the "Fastest Growing Broker" by the Mena 15th Forex Show. Based on the results of an independent vote by Russian Trading Day Money, the company received the "Breakthrough of the Year" award in December 2015, and Oleksandr Gerchik obtained the title of "Best Speaker" in the same month. To protect its clients' interests, the company also cooperates with the Traders Union and the International Financial Commission.
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- more than 360 trading instruments;
- permission to use expert advisors and other tools for technical analysis and trade automation;
- high order execution and market operation speed, achieved through collaboration with 15 liquidity providers.
- a high minimum deposit of $100, which is inaccessible to beginners.
- MetaTrader 4 and MetaTrader 5 trading platforms;
- no apps for mobile trading, only the mobile version of the website is available.
- small leverage — 1:100;
- many quotes provided by the broker are inaccurate;
- strict user conditions in the Terms of Agreement;
- trading on weekends is not possible.
TU Expert Advice
Author, Financial Expert at Traders Union
Gerchik&Co offers an extensive range of trading instruments, including Forex and CFDs on cryptocurrencies, metals, indices, energies, futures, U.S. and international stocks, and ETFs across both MetaTrader 4 and MetaTrader 5 platforms. The broker provides six account types, a minimum deposit of $100, and leverage up to 1:100. Its clients can utilize automatic trading tools and access detailed personal statistics. The broker supports several financial transactions via bank cards, e-wallets, and cryptocurrencies.
Despite its advantages, Gerchik&Co has several drawbacks, such as a high minimum deposit requirement and withdrawal fees. The limited leverage and the lack of a dedicated mobile app may discourage potential users. While not Tier-1 regulated, the broker remains a reasonable option for professional traders focused on diverse instruments and automated strategies, though it may not align with the needs of beginners or traders seeking more favorable regulatory oversight.
- You appreciate choice and flexible trading conditions. Traders have access to six user accounts with significantly different parameters, as well as separate accounts for managers.
- You need a professional account with the lowest possible spreads. Traders can open a Simple account where raw spreads start from 0 pips. There are no restrictions on the number/volume of trades. The minimum deposit is $1,000, which is often lower than that of most competitors offering the same conditions.
- You have no desire to work on MT platforms. Gerchik&Co only supports MetaTrader 4 and MetaTrader 5. You cannot use cTrader, NinjaTrader, and other solutions.
Gerchik&Co Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4, MetaTrader 5, Mobile Platforms |
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📊 Accounts: | Demo account, Zero, Mini, Simple, Silver, Gold, and Platinum |
💰 Account currency: | USD, EUR |
💵 Deposit / Withdrawal: | Visa and MasterCard bank cards, SharPay Visa card, bank transfers (SEPA, SWIFT), and electronic payment systems: ADVCash, Bitcoin, Litecoin, Ethereum, Tether, TUSD, DAI, USDC and Ripple. |
🚀 Minimum deposit: | $100 |
⚖️ Leverage: | 1:100 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,4 pips |
🔧 Instruments: | Forex, CFDs on: Сryptocurrencies, Metals, Indices, Energies, Futures, US Stocks, EU Stocks, UK Stocks, ETF |
💹 Margin Call / Stop Out: | 100% / 50% |
🏛 Liquidity provider: | - |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market Execution |
⭐ Trading features: | Automatic trading; The "Risk Manager" function; Educational materials. |
🎁 Contests and bonuses: | Yes |
In their reviews, the company's clients point out a relatively low deposit for an STP broker, which is only $100. Users also pay attention to a large number of trading instruments, narrow spreads, and the ability to use robots to automate trading. Order execution is also fast.
Gerchik&Co offers clients small leverage — only 1:100 — which significantly reduces the degree of risk since a client with small leverage loses several times less than a client with a leverage of 1:1000 or higher.
The broker gives clients access to a large number of educational materials as well as personal statistics with 37 parameters, which allow the client to analyze and adjust his market actions to achieve better results.
The brokerage company provides clients with high-quality and prompt support services on the website and by phone. There are other ways to contact the company; feedback can be given through social media and messengers.
Gerchik&Co Key Parameters Evaluation
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Trading Account Opening
Before beginning work with Gerchik&Co, TU recommend that you familiarize yourself with the registration process and take a virtual tour of your user account.
To open a user account, simply go to the broker's home page and click the "Open account" button in the upper right corner.


After clicking the button, you will be taken to a new window where you must complete a questionnaire with your personal information to enter your email address and password to access your new user account. You also need to confirm that you have read the Client Agreement. You can read it by clicking on the same-named link. At the end of the registration process, you should enter the digital code shown in the image and click the "Register" button.


After you register on the website, you will be taken to your user account. To work successfully and be able to withdraw funds, you must first verify your profile.


The user account contains the following functions:
Detailed information about active trading, investments, partnerships, services of the company, and its history can be found on the main page in the corresponding section.
access to user accounts, including demo accounts and archived accounts;
balance operations, such as depositing into the account, withdrawing funds, internal transfers, and transaction history;
services provided by the company, including risk manager, personal statistics, indicators, and partnership;
support, including educational materials, documentation, and the ability to contact customer service, as well as platforms and contact information;
a personal profile in which the client can change personal settings.
Regulation and safety
Gerchik&Co has a safety score of 4.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 30 years
- Not tier-1 regulated
Gerchik&Co Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
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Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
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Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
Gerchik&Co Security Factors
Foundation date | 1995 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Gerchik&Co have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Gerchik&Co with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Gerchik&Co’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Gerchik&Co Standard spreads
Gerchik&Co | Pepperstone | OANDA | |
EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
EUR/USD max, pips | 0,8 | 1,5 | 0,5 |
GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
GPB/USD max, pips | 1,0 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Gerchik&Co RAW/ECN spreads
Gerchik&Co | Pepperstone | OANDA | |
Commission ($ per lot) | 4 | 3 | 3,5 |
EUR/USD avg spread | 0,4 | 0,1 | 0,15 |
GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Gerchik&Co. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Gerchik&Co Non-Trading Fees
Gerchik&Co | Pepperstone | OANDA | |
Deposit fee, % | 0-2,8 | 0 | 0 |
Withdrawal fee, % | 0-2 | 0 | 0 |
Withdrawal fee, USD | 20 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
To get started, you need to open an account on the broker's website. Gerchik&Co provides its clients with a choice of 6 account types. Clients can deposit in each of them using standard fiat currencies — EUR and USD. In addition to accounts for active trading, Gerchik&Co offers investment accounts as well as a demo account for learning the basics of trading in the foreign exchange market.
Account types
The broker uses MetaTrader 4 and MetaTrader 5 as a trading platforms. The platform is available in the form of a web version and a mobile app for both PC and mobile trading.
Deposit and withdrawal
Gerchik&Co received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Gerchik&Co offers limited payment options and accessibility, which may impact its competitiveness.
- USDT (Tether) supported
- Bank wire transfers available
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- PayPal not supported
What are Gerchik&Co deposit and withdrawal options?
Gerchik&Co offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making Gerchik&Co less competitive for those seeking diverse payment options.
Gerchik&Co Deposit and Withdrawal Methods vs Competitors
Gerchik&Co | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are Gerchik&Co base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Gerchik&Co supports the following base account currencies:
What are Gerchik&Co's minimum deposit and withdrawal amounts?
The minimum deposit on Gerchik&Co is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Gerchik&Co’s support team.
Markets and tradable assets
Gerchik&Co offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 71 Forex pairs.
- Indices trading
- Copy trading platform
- 71 supported currency pairs
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Gerchik&Co with its competitors, making it easier for you to find the perfect fit.
Gerchik&Co | Plus500 | Pepperstone | |
Currency pairs | 71 | 60 | 90 |
Total tradable assets | 400 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products Gerchik&Co offers for beginner traders and investors who prefer not to engage in active trading.
Gerchik&Co | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | Yes | No | No |
Customer support
Clients of the company can reach the support service from 9am to 6pm, Monday through Friday. A team of specialists will provide competent assistance in resolving any problems.
Advantages
- Prompt assistance to clients
- Qualified personnel
- A large number of communication methods
Disadvantages
- Communication with the support service is possible only at certain hours — from 9 to 18 GMT +3
Gerchik&Co specialists can be reached in several ways, including:
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email;
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phone calls to the numbers listed on the website;
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messaging through the website’s chat;
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completing the website's feedback form;
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social networks.
Contacts
Foundation date | 1995 |
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Registration address | AJC,Govant Building, Kulum Highway, Port Vila, Vanuatu |
Regulation |
VFSC
Licence number: 40512 |
Official site | https://gerchik.co/ |
Contacts |
+44 203 318 42 01, +3 705 259 62 16
|
Education
The brokerage company offers its clients not only trading functionality, but also educational materials that will assist them in understanding the nuances of the Forex market and making their trading more efficient and profitable.
For more effective education, it is recommended to use the acquired knowledge on a demo account. There, you can get practice while avoiding a loss. This method of knowledge consolidation is suitable for both beginners who need training before trading on a real account and experienced traders who are testing a new trading strategy.
Comparison of Gerchik&Co with other Brokers
Gerchik&Co | Bybit | Eightcap | XM Group | AMarkets | Kama Capital | |
Trading platform |
MetaTrader4, MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, AMarkets App | MetaTrader5 |
Min deposit | $100 | No | $100 | $5 | $100 | No |
Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:3000 |
From 1:1 to 1:400 |
Trust management | Yes | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
100% / 50% | No / 50% | 80% / 50% | 100% / 50% | 50% / 20% | 20% / No |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | Yes |
Detailed review of Gerchik&Co
The brokerage company began operations in 2015, and during that period Gerchik&Co was awarded the "Breakthrough of the Year" award as well as the title of "Fastest Growing Broker". The company is actively developing and improving the quality of service daily to provide its clients with the best trading conditions on the market.
The broker's regulator is Vanuatu VFSC (reg. no. 40512). The accreditation of a company by this regulator is an indicator of reliability. You can check whether the broker has a license on the website, in the sections "About the company" and "Legal information". Gerchik&Co's clients' interests are protected by the International Financial Commission.
Gerchik&Co by the numbers:
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a wide range of trading assets — 383 instruments;
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narrow spreads — from 0 pips;
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12 methods to deposit and withdraw funds;
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the Forex experience of Alexander Gerchik, the owner of the company and the author of educational programs — more than 20 years;
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order execution speed — from 1 millisecond;
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operations with funds (deposits and withdrawals) are available in 200 countries.
Gerchik&Co offers high-quality services to both novice and experienced traders
Gerchik&Co is a progressive broker in the Forex market. The company's mission statement is to provide traders with the highest quality service possible. The STP broker offers traders advantageous trading conditions that are tailored to both novice and professional traders.
The broker's benefits include extensive trading functionality — a large number of assets, access to automated trading, and additional services for calculating investment profitability or analyzing active trading. Accounts are protected from losses with the "Risk Manager" service, which is available for all types of accounts.
Gerchik&Co describes itself as an STP broker, which means it has no liquidity intermediaries. Traders can gain direct access to the interbank market through the broker, bypassing intermediaries. As a result, clients gain access to high-liquidity assets while the speed of order execution is significantly increased, as evidenced by client reviews.
Trading activities of all clients, regardless of the type of account, are protected by the "Risk Manager" service. This robot controls the level of acceptable risk in trading previously set by the trader, and automatically closes unprofitable orders. Furthermore, this robot excludes the impact of the trader's emotions on the trading process — it will be impossible to change the acceptable level of risk in a losing trade.
The broker also makes sure that clients can determine the most profitable points of entry into the market. With this in mind, there is a service called "Volume Indicator". It displays the trend's direction and its reversal points, filters out false signals, and at the same time does not slow down the platform's speed.
Clients of Gerchik&Co can also use a trader's calculator to calculate the cost of a point, risks, and trade settings, an Algorithm Developer to create trading strategies, as well as individual trader statistics.
Advantages:
a wide range of trading instruments — 383 assets;
the "Risk Manager" function, which is available on all types of accounts, protects the account from unforeseen market events and closes unprofitable trades;
educational materials from a trader with 22 years of experience;
the best asset prices due to the conclusion of trades on the interbank market. Traders interact with liquidity providers directly;
algorithmic trading is allowed;
the company makes a profit from a fixed fee. The broker does not profit from spreads;
trader statistics are divided into 37 indicators. Statistical analysis helps traders improve their trading performance.
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