Gerchik&Co Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Gerchik&Co trading signals. You will learn what kinds of trading signals Gerchik&Co offers and what the conditions for using them are.
Short introduction of 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.
| 💰 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% |
Gerchik&Co Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Gerchik&Co Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Gerchik&Co does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.