Gerchik & Co review: UPI enables instant account funding for Indian traders
Gerchik & Co has introduced Unified Payments Interface (UPI) deposits for clients in India, a move aimed at simplifying account funding and reducing friction for one of the world’s fastest-growing retail trading markets. The rollout allows traders to top up accounts instantly in Indian rupees, avoiding the delays and costs often associated with international bank transfers.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The launch reflects a broader industry push to localize payment infrastructure in key regions, as brokers compete on speed, cost transparency, and ease of access to attract and retain active traders.
Instant, fee-free funding via UPI
As the company reported, Gerchik & Co’s Indian clients can now fund their trading accounts via UPI with a 0% commission. Deposits are processed within minutes, addressing a long-standing challenge for traders who previously relied on slower cross-border payments.
The UPI integration supports major apps widely used across India, including Google Pay, PhonePe, Paytm, and BHIM, enabling users to deposit directly from familiar mobile interfaces. Transactions are conducted in Indian rupees (INR), eliminating currency conversion concerns and exposure to fluctuating exchange rates at the funding stage.
To make a deposit, traders log in to their account, select UPI as the payment method, enter the desired amount, and approve the transaction using a UPI ID or QR code via their chosen app. Funds are then credited almost immediately, streamlining the path from deposit to trade execution.
Strengthening local infrastructure for global trading
Founded by trader and educator Alexander Gerchik, Gerchik & Co offers access to global financial markets, including equities, indices, and derivatives, with a focus on transparent trading conditions, risk management tools, and trader education. The broker is known for its emphasis on disciplined trading strategies, analytics, and customer support tailored to both developing and experienced market participants.
By adding UPI, Gerchik & Co aligns its payment capabilities with local market preferences, a strategy increasingly adopted by international brokers seeking deeper penetration in India’s retail trading sector. India’s UPI system processes billions of transactions monthly and has become a cornerstone of the country’s digital payments ecosystem, making it a natural choice for instant brokerage funding.
Previously, Gerchik & Co expanded its cryptocurrency offering by adding 42 new crypto contracts for difference (CFDs) to the MetaTrader 5 platform.
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