Gerchik&Co Review 2024
Minimum
deposit:
  • 100

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • VFSC
Bonus for deposit:
  • 100%

Gerchik&Co Review 2024

Updated: February 13, 2024
Updated: February 13, 2024
Your capital is at risk.

8.52

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • 100

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • VFSC
Bonus for deposit:
  • 100%

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Summary of Gerchik&Co Trading Company

Gerchik&Co is one of the top brokers in the financial market with the TU Overall Score of 8.52 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 prove that the broker’s clients are fully satisfied with the company. Gerchik&Co ranks 13 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

The trading conditions provided by the company are not suitable for beginners and are more focused on professional traders.

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.

💰 Account currency: USD, EUR
🚀 Minimum deposit: $100
⚖️ Leverage: 1:100
💱 Spread: From 0.0 pips
🔧 Instruments: Forex, CFDs on: Сryptocurrencies, Metals, Indices, Energies, Futures, US Stocks, EU Stocks, UK Stocks, ETF
💹 Margin Call / Stop Out: 100% / 50%

👍 Advantages of trading with Gerchik&Co:

  • 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.

👎 Disadvantages of Gerchik&Co:

  • 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.

Evaluation of the most influential parameters of Gerchik&Co

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

8.15

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

5.97

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.43

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.75

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.79

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

8.85

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

5.14

/10

Trade with this broker, if:

  • 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.

Do not trade with this broker, if:

  • 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.

Geographic Distribution of Gerchik&Co Traders

Popularity in

67.95%
RU
Russian Federation
6.85%
BY
Belarus
5.87%
UA
Ukraine
3.54%
UZ
Uzbekistan
3.19%
DE
Germany
2.62%
MD
Moldova
0.75%
MN
Mongolia
0.81%
LV
Latvia
0.8%
NL
Netherlands
0.5%
GB
United Kingdom
0.12%
Others
Others
Expert Opinion

Chinmay Soni about Gerchik&Co

Contributor
124

Gerchik&Co, established in 2015 by traders Oleksandr Gerchik and Ivan Kroshny, initially focused on the Commonwealth of Independent States (CIS) market and has now expanded its services to serve over 4 million clients globally. The brokerage offers diverse trading accounts, including Platinum, Gold, Silver, Simple, Mini, and Zero, each requiring a minimum deposit of $100. It is regulated by the Vanuatu Financial Services Commission (VFSC) and The Financial Commission.

Gerchik&Co presents notable advantages, including its recognition as a reliable broker with a TU Overall Score of 7.4 out of 10. The variety of trading accounts caters to different levels of investment, and the regulation by VFSC and The Financial Commission contributes to a secure trading environment. The platform provides access to a wide array of financial instruments, encompassing currency pairs, CFDs on shares, cryptocurrencies, indices, raw materials, and metals. Customer support is acknowledged for being friendly and responsive.

However, certain drawbacks are worth consideration. The trading conditions may not be suitable for beginners, leaning more towards experienced traders. Users have reported occasional delays in deposits and withdrawals, though not excessively significant. High spreads have been experienced by some users, impacting their trading performance. Additionally, a few users have encountered slow execution times and instability issues with the trading platform, aspects that could potentially frustrate traders.

Gerchik&Co Latest Comments for 2023 i

15 comments
Total score:
3.5 /10

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EugeneLib

I am writing a neutral review of gerchikco. Honestly, I like it 50/50. The account opening process was quick, but it took a long time for money to arrive. I’m impressed by friendly and responsive support that is ready to resolve issues quickly. The company delays deposits and withdrawals a little, but not too much. However, it offers a variety of payment systems for processing financial transactions.

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Carepostpync

I believe that Gerchik&Co is a normal broker. I didn’t see any hidden fees or other payments here. The prices on the charts correspond to the prices of other companies, there are all market conditions. I didn’t notice any pitfalls during the withdrawal, but there were slight delays.

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SebastianKl

Everyone thought before Gerchik & Co is a normal company. I personally recommended her as a decent one. They said that this is the most decent broker. But this swindler treated me like a criminal. They haven't withdrawn my money for 4 months!

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brianof2

Gerchik & Co are still scammers! There are such legends about them, and all for good reason. There is something to blame them for. They do not fulfill their obligations, but only fill their pockets with other people's money. It's better to stay away from them. Fraudsters 100%!

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shauntehilder9053857

In my opinion, everyone has already heard about Gerchik & Co) I don’t know who only dares to trade here. They are cheating, and very openly.

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williamdm3

Everything is long and painful at Gerchik&Co, starting with registration and ending with the withdrawal of money. Yes, the last point is if you are very lucky and there will be something to display. Problematic broker, I do not advise you to contact.

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LukinoKL

I have been a fan of Alexander Gerchik for a long time, so when I found out about the existence of the Gerchik&co company, I opened an account with it without hesitation. The minimum deposit of $100 and the leverage of 1:100 are exactly the parameters that make it possible for beginners to stay afloat until they gain experience. More loyal requirements will inevitably lead to a loss of money, even if a professional trades: for example, when working with a leverage of 1:500 with a ten on your account, you will see the number 0 on your balance within a maximum of 10 minutes after opening a transaction. Spreads at Gerchik&co are adequate. I have not tried to withdraw money yet, but judging by the reviews of others, there should not be any problems.

Expert Review of Gerchik&Co

Over the years, Gerchik&Co has established itself as a forward-thinking and ambitious STP broker. The company is actively working to provide quality services to its clients. There is a wide range of assets, narrow spreads, accounts for users with different needs, and fast order execution speeds. Clients are also provided with access to educational materials and automated trading systems.

The brokerage company focuses on providing high-quality client services for traders with all levels of experience, from beginners to experts. For several years, the company has received both positive and negative feedback. Positive points include high-quality service, a broad educational base, and fast order execution. The reason for the negative feedback is the speed of the withdrawal of funds and the inaccuracies in the quotes provided by the broker.

Any of these issues can be resolved by contacting the support service, which will provide competent advice. Furthermore, the company offers clients a variety of ways to provide feedback, ranging from a website form to social media, where the user can point out the broker's shortcomings and thus assist the company in its future development. The broker always meets its clients halfway and listens to their wishes.

The company is not the best on the market right now, but it is working hard to address the flaws and provide its clients with the best trading conditions and competent service.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Gerchik&Co News

13.02.2024
​Broker Gerchik & Co invites you to take part in a tournament on demo accounts and compete for the main prize of 5,000 USD. The contest will last for
22.06.2023
Alexander Gerchik's "Trading Practice" course is a distance educational program that will allow you to move from theory to practice, acquire key trading
07.04.2023
Alexander Gerchik, the head of Gerchik & Co., a brokerage company, and the founder of the online school of breakeven trading, announced the opening of
20.03.2023
Broker Gerchik & Co has announced the start of registration for a trading contest on demo accounts.According to Gerchik & Co, the contest offers a unique
28.02.2023
​Broker Gerchik & Co invites its clients to visit an online forum hosted by Cartel, the international trading club.The Cartel Club, a Gerchik & Co

Dynamics of Gerchik&Co’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

The brokerage company has favorable offers for active market participants and investors, including those who are not ready for active trading due to a lack of experience or time. In this case, the client can benefit from Gerchik & Co’s investment programs.

Trust management, or TIMA Service

The service operates on a standard model: the investor chooses a manager, makes a deposit, and consistently makes a profit, while the account manager does the trading.

  • Minimum deposit is $100. This amount is more than sufficient to begin investing. The investor can increase the deposit at his discretion. The higher the deposit, the higher the profit.

  • Trader's calculator. An investor can use a special calculator on the website to calculate the annual return on investment. This function allows you to select the most advantageous conditions for yourself and begin investing competently.

  • Manager’s rating. This section contains detailed information about managers and their success. The rating takes into account the indicator of income and drawdowns, as well as the amount of the minimum deposit and the amount of commission paid to the manager by the investor.

  • Safety and security. The brokerage company does not have access to the funds invested by the client. Deposits are held in a clearing account at a European bank.

  • Risk manager. Even though the manager does the trading, the client has the right to control the trading process. The manager has no right to exceed the drawdown level specified by the investor, and the "Risk Manager" service will automatically close all unprofitable orders.

  • No limitations. An investor can either invest in one account and receive up to 300% per year or invest in several accounts.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Referral program

In addition to passive earnings in the foreign exchange market, the broker invites clients to join the referral program and earn extra money with almost no effort.

  • Web partner. The client of the company receives remuneration for registering new clients using an individual referral link or banner. The partner receives $4 for each lot of clients who register through an individual link.

  • Payments are made during the trading activity of the clients brought in by the partner. Thus, the trader receives a consistent passive income without having to trade.

  • Any active user of social networks can become a partner. To do this, it is enough to register with the company and pass verification. The whole process takes no more than 10 minutes.

Trading Conditions for Gerchik&Co Users

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.

100

Minimum
deposit

1:100

Leverage

8/5

Support

💻 Trading platform: MetaTrader 4, MetaTrader 5, Mobile Platforms
📊 Accounts: Demo account, Zero, Mini, Simple, Silver, Gold, and Platinum
💰 Account currency: USD, EUR
💵 Replenishment / Withdrawal: Visa and MasterCard bank cards, SharPay Visa card, bank transfers (SEPA, SWIFT), and electronic payment systems: Perfect Money, ADVCash, Bitcoin, Litecoin, Ethereum, Tether, TUSD, DAI, USDC and Ripple.
🚀 Minimum deposit: $100
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.0 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
📋 Orders execution: Market Execution
⭐ Trading features: Automatic trading; The "Risk Manager" function; Educational materials.
🎁 Contests and bonuses: Yes
Your capital is at risk.

Comparison of Gerchik&Co with other Brokers

Gerchik&Co RoboForex Eightcap Exness IC Markets 4XC
Trading
platform
MetaTrader4, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, cTrader, MT5, TradingView MT5, MT4, WebTrader
Min deposit $100 $10 $100 $10 $200 $50
Leverage From 1:1
to 1:100
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:1
to 1:500
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 1 point From 0 points From 0 points
Level of margin call
/ stop out
100%  /  50% 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% 100%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No $50
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

Gerchik&Co RoboForex Eightcap Exness IC Markets 4XC
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF Yes Yes No No No No
Options No No No No No No

Gerchik&Co Commissions & Fees

Information
Gerchik&Co was examined by experts at the Traders Union for the presence of trading and non-trading fees. The trading fee is the spread set by the broker, and the non-trading fee is an additional fee for withdrawing funds.
Account type Spread (minimum value) Withdrawal commission
Zero from $10 No
Mini from $10 No
Simple from $10 No
Silver from $9 No
Gold from $8 No
Platinum from $7 No

Also, Gerchik&Co's trading fee was compared to the indicators of well-known brokerage firms such as RoboForex and Pocket Option. Based on the data obtained, brokers’ fees were divided into three categories: high, medium, and low levels.

Broker Average commission Level
Gerchik&Co $9 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo Gerchik&Co
$9
$1
$8.5

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:

  • a wide range of trading assets — 383 instruments;

  • narrow spreads — from 0 pips;

  • 12 methods to deposit and withdraw funds;

  • the Forex experience of Alexander Gerchik, the owner of the company and the author of educational programs — more than 20 years;

  • order execution speed — from 1 millisecond;

  • 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:

1

a wide range of trading instruments — 383 assets;

2

the "Risk Manager" function, which is available on all types of accounts, protects the account from unforeseen market events and closes unprofitable trades;

3

educational materials from a trader with 22 years of experience;

4

the best asset prices due to the conclusion of trades on the interbank market. Traders interact with liquidity providers directly;

5

algorithmic trading is allowed;

6

the company makes a profit from a fixed fee. The broker does not profit from spreads;

7

trader statistics are divided into 37 indicators. Statistical analysis helps traders improve their trading performance.

Guide on how traders can start earning profits

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

Account Type
Description
Zero
An account for novice traders and investors. The minimum deposit is only $100, which grants the client access to educational materials, trading with micro-lots, and protection from unprofitable trades. The fee for each lot is $10.
Mini
This is an enhanced version of the account for beginners. The minimum deposit is $500, for which the client gains access to automatic trading. The fee for each lot is $10.
Simple
The most popular account among the broker's clients. The minimum deposit amount is $1000, and the fee for the lot is $10. The spread on such an account begins at 0 pips, while trading begins at 0.10 lots. Additionally, the client gets access to personal statistics.
Silver
The minimum deposit is $10,000. Trading is done in lots starting at 0.10, with a spread starting at 0 pips. The fee is $9, which is less than that of the Simple account.
Gold
The minimum deposit amount is $25,000. The account's trading conditions are identical to those in the Silver plan; the only difference is the amount of the fee. The Gold account has an $8 fee per lot.
Platinum
The minimum deposit amount is $100,000. For this deposit amount, the client receives all functionality: a spread starting at 0 pips, access to algorithmic trading, access to educational materials and personal statistics, the "Risk Manager" function, and a $7 fee. In addition, clients can benefit from the individual development of trading robots and personal consultations with Alexander Gerchik.

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.

Investment Education Online

Information

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.

Information provided in the "Education" section
Information not available on the Gerchik&Co website
Recordings of previous webinars and the schedule for new talks
Trader glossary
Analytical materials
 
Trader's personal statistics on 37 indicators
 

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.

Security (Protection for Investors)

Information

The brokerage company Gerchik&Co is accredited by the Vanuatu Financial Services Commission under registration no. 40512. The above regulator controls the company's compliance with all the requirements imposed on it. If the broker fails to fulfill its legal obligations to the regulatory authority, the license to provide financial services may be revoked.

Furthermore, the company's activities are regulated by the International Financial Commission. This body performs the function of consumer protection, and in the event of a legal conflict, the commission resolves the matter following technical and legal standards.

👍 Advantages

  • Client's rights are protected by the International Financial Commission
  • Guaranteed compensation in the amount of up to $20,000 per claim for the client of the company
  • The resolution of disputes between the broker and the trader is regulated by independent experts
  • Established regulations governing the relationship between the company and the client
  • The broker's website provides free access to legal documentation.

👎 Disadvantages

  • Accreditation by only one regulatory body

Withdrawal Options and Fees

  • The brokerage company does not charge its clients a fee for depositing and withdrawing funds from their Forex accounts, nor does Gerchik&Co charge a fee for its services.

  • Withdrawals from Gerchik&Co are made using Visa and MasterCard bank cards, SharPay Visa card, bank transfers (SEPA, SWIFT), and electronic payment systems like Perfect Money, ADVCash, Bitcoin, Litecoin, Ethereum, Tether, TUSD, DAI, USDC and Ripple.

  • Gerchik&Co clients incur withdrawal fees ranging from 0.5 to 2%, depending on the method of withdrawal established by the bank, EPS or crypto wallets.

  • Withdrawal requests at Gerchik&Co are processed within 1 minute to 2 days. Funds are credited to EPS and bank cards within 2 business days. Withdrawal via bank transfer takes 3 business days.

  • To withdraw funds, clients can use either EUR or USD.

  • The minimum amount a Gerchik&Co client can withdraw ranges from $1 to $100, depending on the withdrawal method.

  • Funds can be withdrawn only to verified bank cards.

Customer Support Service

Information

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:

  • 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
Official site
Contacts
Your capital is at risk.

Review of the Personal Cabinet of Gerchik&Co

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.

1

To open a user account, simply go to the broker's home page and click the "Open account" button in the upper right corner.

Overview of Gerchik&Co’ User Account — Opening a user account
Overview of Gerchik&Co’ User Account — Opening a user account
Overview of Gerchik&Co’ User Account — Opening a user account
Overview of Gerchik&Co’ User Account — Opening a user account
2

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.

Overview of Gerchik&Co’ User Account — Registration
Overview of Gerchik&Co’ User Account — Registration
Overview of Gerchik&Co’ User Account — Registration
Overview of Gerchik&Co’ User Account — Registration
3

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.

Overview of Gerchik&Co’ User Account — Log in and Verification
Overview of Gerchik&Co’ User Account — Log in and Verification
Overview of Gerchik&Co’ User Account — Log in and Verification
Overview of Gerchik&Co’ User Account — Log in and Verification

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.

Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Gerchik&Co Review Gerchik&Co Review

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FAQs

Do reviews by traders influence the Gerchik&Co rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Gerchik&Co you need to go to the broker's profile.

How to leave a review about Gerchik&Co on the Traders Union website?

To leave a review about Gerchik&Co, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Gerchik&Co on a non-Traders Union client?

Anyone can leave feedback about Gerchik&Co on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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