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 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%
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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, ZForex and OANDA, 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.
- Standard account with balanced trading conditions
- Demo account
- Tight spread ECN account
- 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 safety score indicate?
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 with no specific investor compensation fund mentioned. The broker has a safety score of 4.9/10, described as a Low security level, although it does offer negative balance protection, requires KYC verification, and has been operating since 1995.
What trading commissions and non-trading fees does Gerchik & Co charge?
Gerchik & Co has been assessed as having Medium overall fees with a score of 6/10, featuring low forex trading fees, tight EUR/USD spreads, and no inactivity fee. Standard account spreads on EUR/USD typically range from 0.1 to 0.8 pips, while RAW/ECN accounts show an average EUR/USD spread of 0.00 with a $4 commission per lot, and non-trading fees include deposit charges of 0–2.8% and withdrawal fees of 0–2% or $20.
What do Gerchik & Co user reviews and feedback say about overall 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. According to user reviews, this distribution indicates a mixed overall perception, with many users moderately or highly satisfied and few very negative ratings reported.
What deposit and withdrawal options and conditions does Gerchik & Co offer?
Gerchik & Co supports deposits and withdrawals via bank cards, bank wire, BTC, USDT, and Ethereum, with a minimum deposit of $100 and a minimum withdrawal of $1. The broker applies both deposit and withdrawal fees, accepts BTC but not as a base account currency, and offers base account currencies in USD and EUR.
How does Gerchik & Co customer support operate and when is it available?
Gerchik & Co provides customer support through multiple channels, including email, phone, website chat, feedback forms, and social networks, and it has been rated with a safety score of 7.1/10 for support. Clients can contact support from 9:00 to 18:00 GMT+3, Monday to Friday, with testing indicating generally prompt and clear assistance, though occasional delays and room for improvement in speed or consistency are noted.
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