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.
TU Expert Verdict
Gerchik & Co carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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
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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
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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.
- Demo account
- Swap Free (Islamic) account
- Forex account with Micro lots
- No Cent account
- No VIP account option
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 /10
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FAQs
How is Gerchik & Co regulated and what does its security level mean for clients?
Gerchik & Co is regulated by the Vanuatu Financial Services Commission (VFSC) and the Financial Services Commission of Mauritius (FSC), both classified as Tier-3 regulators without specified investor compensation funds. The broker has a safety score of 4.9/10, indicating a low security level compared with brokers that hold Tier-1 licenses and have access to investor protection schemes. It offers negative balance protection and requires KYC verification, but the absence of Tier-1 regulation may be associated with higher regulatory risk under the Traders Union methodology (https://tradersunion.com/methodology-for-evaluation-of-brokers/).
What do the fees and spreads at Gerchik & Co look like compared with typical forex costs?
Gerchik & Co has a fees score of 6/10, described as Medium, with advantages such as low forex trading fees, tight EUR/USD spreads, and no inactivity fee. On Standard accounts, typical EUR/USD spreads range from 0.1 to 0.8 pips and GBP/USD from 0.1 to 1.0 pips, while RAW/ECN accounts show average spreads of 0.00 pips on EUR/USD and 0.4 pips on GBP/USD with a $4 commission per lot. Non-trading fees include deposit charges of 0–2.8%, withdrawal fees of 0–2% or $20, and no monthly inactivity fee.
What do mixed Gerchik & Co reviews and feedback reveal about user satisfaction?
Gerchik & Co has a user satisfaction score of 8/10 based on 41 reviews, with 39% of users giving 5 stars, 20% giving 4 stars, and 41% giving 3 stars. There are no 1- or 2-star ratings, but the relatively high share of 3-star reviews indicates a mixed overall perception rather than uniformly positive feedback. According to user reviews, experiences tend to be moderate to positive, with some users likely seeing room for improvement.
What deposit and withdrawal options and fees do users mention in their comments about Gerchik & Co?
Gerchik & Co offers bank wire transfers, bank card payments, and several cryptocurrencies (BTC, USDT, Ethereum) for deposits and withdrawals, with a minimum deposit of $100 and a minimum withdrawal of $1. The broker applies both deposit and withdrawal fees, and BTC is not available as a base account currency, while supported base currencies are USD and EUR. User comments are not detailed in this section, so specific feedback on the convenience of each method is not specified in the review.
How does the Gerchik & Co account opening process work and what should new clients expect?
Gerchik & Co offers a fully online account opening process, with registration taking about 5 minutes and KYC verification typically completed within 1 business day, and the minimum deposit set at $100. The process involves filling out a questionnaire, agreeing to the Client Agreement, and then verifying the profile in the user account, which provides access to trading accounts, balance operations, company services, support, and personal settings. Although the onboarding is described as fast and accessible, the account setup steps may feel less convenient for beginners.
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