Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Gerchik & Co Pros & Cons
- more than 870 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.
- MetaTrader 4 and MetaTrader 5 trading platforms;
- no apps for mobile trading, only the mobile version of the website is available.
- many quotes provided by the broker are inaccurate;
- strict user conditions in the Terms of Agreement;
- trading on weekends is not possible.
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.
TU Expert Verdict
Gerchik & Co is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
Gerchik & Co User Reviews
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5-star
39%
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4-star
20%
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3-star
41%
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2-star
0%
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1-star
0%
No weakness
Does anyone have experience investing in TIMA accounts? Because I haven't found many real reviews about them, and there’s no point asking support. As I understand, this is similar to PAMM accounts. But what is the fundamental difference between TIMA and PAMM? And a couple more questions: is a 1200%+ return over 4 years even realistic? Even fund managers don’t boast such returns. And if you sort the list by returns in reverse order, it's also interesting. Some people have a total loss of 89%, yet there’s still money under management. In general, please share your experiences. Because the reviews about the broker itself are positive, but I couldn’t find any specific information about TIMA accounts
There are few options for transferring funds.
I’ve tried investing in TIMA – everything is transparent and logical. A high return of over 1200% is likely a rare case. I spoke with such a manager – the person actively traded top stocks like NVIDIA, which surged during the AI boom. You can go to the manager’s profile, where all their statistics are available, including the number of investors. And the key thing – there’s an email (phone numbers are left less often, but they’re also available). You can contact the manager and get answers to any questions, including receiving an investor’s password. And the platform with the Personal Account at Gerchik is very convenient. At least, it suited me.
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Gerchik & Co have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- Deposit fee applies
- Withdrawal 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 OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.1 0.1 0.9 GPB/USD max, pips 1.0 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 4 3.5 5 EUR/USD avg spread 0.00 0.15 0.2 GBP/USD avg spread 0.4 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2.8 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 20 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Gerchik & Co Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.9 /10Gerchik & 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 31 years
- Not tier-1 regulated
Gerchik & Co Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
VFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 Gerchik & Co Security Factors Foundation date 1995 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.2 /10Gerchik & Co offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Forex account with Micro lots
- Swap Free (Islamic) account
- No VIP account option
- No Cent account
Gerchik & Co account types vs top competitors Gerchik&Co Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged YesNoNoGerchik & Co accounts trading conditions
To get started, you need to open an account on the broker's website. Gerchik&Co provides its clients with a choice of 2 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
Account Type Description Zero account is designed for beginners and traders with smaller capital. It requires a minimum deposit of just $10 / €10. Trading is commission-free, with floating spreads starting from around 1 pip. The account supports both MT4 and MT5 platforms, offers leverage up to 1:500, and allows trading with a minimum lot size of 0.01. This makes it a flexible option for new traders or those who want to test strategies with lower risk. Premium account is intended for professional or high-volume traders. It requires a higher minimum deposit of $3,000 / €3,000. In exchange, traders get access to the tightest spreads starting from 0.0 pips, with a commission of about $8 per lot on Forex instruments. Like the Zero account, it also supports MT4 and MT5, with leverage up to 1:500, but provides more competitive conditions for those who trade larger volumes. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.8 /10Gerchik & Co received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Gerchik & Co provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank wire transfers available
- Low minimum withdrawal requirement
- USDT (Tether) supported
- BTC not available as a base account currency
- Deposit fee applies
- Only major base currencies available
What are Gerchik & Co deposit and withdrawal options?
Gerchik & Co provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.
Gerchik & Co Deposit and Withdrawal Methods vs Competitors Gerchik & Co Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC YesNoNoWhat are Gerchik & Co base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Gerchik & Co supports the following base account currencies: USD, EUR.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.3 /10Gerchik & Co offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 71 Forex pairs.
- ETFs investing
- Indices trading
- 71 supported currency pairs
- Futures not available
- Limited asset selection
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 Trading.com Currency pairs 71 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 400 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment 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 Trading.com Bonds NoNoNoETFs YesYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Gerchik & Co by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Gerchik & Co in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Gerchik & Co is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
Gerchik & Co account opening Gerchik&Co Plus500 Trading.com Online Registration YesYesYesMinimum deposit $100 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 5 20 KYC time (days) 1 3 2 Is Gerchik & Co available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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Customer Support
Score:We evaluated Customer Support at Gerchik & Co by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.1 /10Gerchik & Co provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.
In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.
InformationClients 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.
- Prompt assistance to clients
- Qualified personnel
- A large number of communication methods
- 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:
- email;
- phone calls to the numbers listed on the website;
- messaging through the website’s chat;
- completing the website's feedback form;
- social networks.
Contacts Foundation date 1995 Registration address AJC,Govant Building, Kulum Highway, Port Vila, Vanuatu Regulation VFSC Licence number:
40512Official site https://gerchik.co/ Contacts support@gerchik.co +44 203 318 42 01, +3 705 259 62 16
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FAQs
What does the Gerchik & Co regulation status and safety score say about its security level?
Gerchik & Co has a safety score of 4.9/10, which corresponds to a low security level in the Traders Union assessment. It is regulated by Tier-3 authorities in Vanuatu (VFSC) and Mauritius (FSC), offers negative balance protection and KYC verification, but is not Tier-1 regulated and does not participate in a specified investor compensation fund.
What types of trading accounts does Gerchik & Co offer and how do they differ?
Gerchik & Co provides Demo, Standard, ECN/Raw spread, Micro, Swap Free, Managed, Zero, and Premium accounts, but does not offer Cent or VIP accounts. The Zero account targets beginners with a $10/€10 minimum deposit, floating spreads from about 1 pip and no commission, while the Premium account requires $3,000/€3,000, offers spreads from 0.0 pips with about $8 commission per Forex lot, and both support MT4/MT5 with leverage up to 1:500.
What do Gerchik & Co user reviews and ratings indicate about client experience?
Gerchik & Co has a user satisfaction score of 8/10 based on 41 reviews, with 39% of ratings at 5 stars, 20% at 4 stars, and 41% at 3 stars, while there are no 1- or 2-star ratings. According to user reviews, overall impressions are mixed, suggesting that many clients are reasonably satisfied but some see room for improvement.
What deposit and withdrawal options and limits are mentioned in Gerchik & Co client feedback?
Gerchik & Co supports deposits and withdrawals via bank cards, bank wire, BTC, USDT, and Ethereum, but does not support Wise or PayPal, and BTC is not available as a base account currency. The minimum deposit is $100 and the minimum withdrawal is $1, with a withdrawal fee applying in some cases, and base account currencies are USD and EUR.
How do clients describe Gerchik & Co customer support in their feedback and comments?
Gerchik & Co customer support is described as generally reliable, with qualified personnel, several contact methods (email, phone, website chat, feedback form, and social networks), and response times that are mostly reasonable. However, support is only available from 9:00 to 18:00 GMT+3, Monday to Friday, and there is room for improvement in speed and consistency according to the review section.
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