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Gerchik&Co

7.35
Total score

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Gerchik Co, a brokerage company, was established in 2015 by prominent Ukrainian traders Alexander Gerchik and Ivan Kroshny. Since its launch in July of the same year, the company has been actively developing, starting with the CIS markets and expanding to the European level. In November 2015, Gerchik Co was recognized as the “Fastest Growing Broker” at the Mena 15th Forex Show, and in December of the same year the company was awarded “Breakthrough of the Year” at the Russian Trading Day Money event, where Alexander Gerchik was recognized as the “Best Speaker”. In addition, Gerchik Co actively cooperates with MOFT and the International Finance Commission, which emphasizes its commitment to protecting the interests of its clients.

  • Account currency

    USD, EUR

  • Minimum deposit

    $100

  • Leverage

    1:100

  • Spread

    From 0.0 point

  • Instruments

    66 currency pairs, 274 CFDs on stocks, 3 CFDs on commodities, 7 CFDs on metals, 13 stock indices, 4 pairs with cryptocurrencies

  • Margin call / Stop out

    100% / 50%

Pros

  • Extensive range of trading instruments: more than 360 different assets are available to clients for trading, which provides ample opportunities for portfolio diversification.
  • Support for Expert Advisors and automation tools: Gerchik&co allows the use of automated trading systems and a variety of technical analysis tools, which makes trading more efficient and accessible to traders of all levels.
  • High speed of order execution: thanks to cooperation with 15 liquidity providers, the company has achieved a significant improvement in the speed of transaction processing, which is especially important for time-sensitive strategies.

Minuses

  • High minimum deposit: The initial threshold of $100 may be too high for novice traders, limiting their access to trading.
  • Limited leverage: The maximum leverage provided is 1:100, which may not meet the needs of traders seeking more aggressive strategies.
  • Inaccuracies in quotes: Some traders have noted that the quotes provided by the broker can sometimes contain inaccuracies, potentially affecting trading operations.
  • Tough user agreement terms: The terms of the agreement may be perceived as restrictive, especially in terms of the rules and responsibilities of the user.
  • No weekend trading: Gerchik&co does not offer the option to trade on weekends, which may be a disadvantage for those looking for a more flexible trading schedule.

Customer geography

  • Russia
    70.95%
  • Belarus
    9.85%
  • Ukraine
    8.87%
  • Uzbekistan
    6.54%
  • Germany
    6.19%
  • Republic of Moldova
    5.62%
  • Mongolia
    3.75%
  • Latvia
    2.81%
  • Netherlands
    2.8%
  • United Kingdom
    2.5%
  • Others
    2.12%

Expert evaluation

James Anderson
Financial analyst, exper

In the few years since its foundation, Gerchik&Co has established itself as an innovative STP broker with ambitious goals. The company strives to provide a high level of service by offering a wide range of assets, competitive spreads and a variety of trading accounts, making it attractive to traders of all levels. Clients appreciate fast order processing, extensive training resources and opportunities for trade automation.

However, not all reviews about Gerchik&Co are flawless. Some users express dissatisfaction with delays in withdrawals and inaccurate quotes. The company actively works on these issues, establishing communication with clients through various platforms, including social networks, and offering them multiple channels for feedback.

Customer support at Gerchik&Co is prompt and always ready to provide expert assistance on any issues. The company does not rest on its laurels and continues to improve its services, striving to offer traders even more favorable conditions for trading and cooperation.

Analysis

7.35
Overall score
7.14
Order execution
7.56
Investment instruments
7.2
Withdrawal speed
7.5
Customer support performance
6.98
Number of instruments
7.72
Trading platform
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Ribeit

Concluding transactions through the broker Gerchik&Co, traders have a unique opportunity to receive additional income in the form of a rebate from MOFT, paid monthly. This process does not affect the standard trading activity: opening and closing orders, depositing and withdrawing funds occur in the usual mode. However, cooperation with MOFT allows you to receive additional profit from the operations performed.

Information about rebates: Gerchik Co clients cooperating with MOFT receive up to 80% of broker’s commissions for each standard lot.

Calculation example: Suppose a trader invested $1000 and opened trades for 10 standard lots on EUR/USD during a month. It is assumed that the profit from these trades amounted to about 20%, or $200. Gerchik&Co broker charges a commission for trading, for example, $10 per lot, which will amount to $100 for all lots. As a result of cooperation with MOFT, a trader can get back up to 80% of the paid commission, which equals $80.

Consider this opportunity to increase your profits from trading!

Trading conditions

Gerchik&Co’s clients appreciate a number of key advantages, such as the relatively low minimum deposit for an STP broker – just $100, which makes access to the market more democratic. Reviews also emphasize the availability of an extensive range of trading instruments, narrow spreads and the possibility of using trading robots, which facilitates the automation of the trading process. The high speed of order execution confirms the technological efficiency of the company.

Gerchik&Co limits leverage to 1:100, which helps minimize financial risks for clients compared to higher leverages, reducing potential losses in volatile market conditions.

The brokerage also offers extensive educational resources, including access to personal statistics with 37 parameters, allowing traders to analyze their trading and optimize strategies to improve results.

In terms of customer support, Gerchik&Co offers multiple communication channels, including telephone, social media and messengers, ensuring prompt and quality customer service.

  • Trading platform

    MetaTrader 4, MetaTrader 5, Mobile Platforms

  • Accounts

    Demo account, Easy Start for Investors, Mini, Simple, Silver, Gold, Platinum

  • Account currency

    USD, EUR

  • Deposit/withdrawal

    Bank cards MasterCard and Visa, bank transfer, electronic payment systems: Skrill, Neteller, WebMoney, ADVCash, Payeer, Perfect Money, Bitcoin, Litecoin, Ripple

  • Minimum deposit

    $100

  • Leverage

    1:100

  • PAMM accounts

    no

  • Minimum order

    0.01

  • Spread

    From 0.0 point

  • Instruments

    66 currency pairs, 274 CFDs on stocks, 3 CFDs on commodities, 7 CFDs on metals, 13 stock indices, 4 pairs with cryptocurrencies

  • Margin call / Stop out

    100% / 50%

  • Liquidity provider

    -

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Market Execution

  • Trading features

    Automatic trading is allowed

  • Contests and bonuses

    yes

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Commission

Our experts analyzed trading and non-trading commissions of Gerchik Co. Trading commissions include spreads set by the broker on various financial instruments. As for non-trading commissions, they are related to additional fees, for example, for withdrawal of funds from trading accounts.

Account type
Spread / commission
Withdrawal fee
Easy start for investors
$10
No
Mini
$10
No
Simple
$10
No
Silver
$9
No
Gold
$8
No
Platinum
$7
No

Broker Overview

Gerchik Co, a brokerage company founded in 2015, has quickly carved out a niche as a reliable provider of brokerage services in the financial markets. The company’s distinctive features are progressiveness and commitment to innovation, which allows it to provide clients with high quality service and excellent trading conditions.

Gerchik Co is regulated by the Vanuatu Financial Services Commission (VFSC), license number 40512, which emphasizes its reliability and transparency. You can check the legitimacy of the broker on the official website in the “Legal Information” section. In addition, the interests of clients are protected by the International Financial Commission.

Gerchik Co’s portfolio includes more than 383 trading instruments, including stocks, currencies, indices and commodities. The broker offers some of the best conditions on the market: spreads start from 0 pips and order execution speed is only 1 millisecond. The company also has wide deposit and withdrawal options, supporting 12 different methods.

Gerchik Co pays special attention to trader education. The company offers an extensive educational program that includes access to videos, seminars and webinars. In addition, each client can utilize the services of a risk manager and automated trading tools.

Despite striving to maximize the safety and profitability of its clients’ operations, Gerchik Co promotes the moderate use of leverage, limiting it to a maximum of 1:100, which helps to reduce trading risks.

The company actively uses modern technologies to optimize the trading process, offering traders advanced analytical tools that help in making informed trading decisions. The broker maintains continuous communication with clients through numerous feedback channels, including social networks and messengers, which makes communication as convenient and prompt as possible.

Today Gerchik Co continues to hold the position of a reliable broker, which strives to offer traders the best conditions for successful trading on the global financial markets.

Advantages

  • Extensive selection of assets: Gerchik Co offers clients access to 383 trading instruments, which allows them to diversify their trading portfolio and optimize their investment strategies.
  • Risk Manager function on all accounts: This tool automatically closes unprofitable positions, preventing significant financial losses in case of unexpected market events.
  • Author's training materials: Traders can learn and practice strategies and methods developed by an experienced trader with 22 years of experience in Forex.
  • Direct access to the interbank market: Thanks to this Gerchik Co clients get the most favorable prices for assets, bypassing intermediaries.
  • Support for algorithmic trading: The broker allows the use of trading robots, which expands opportunities for automation of trading operations.
  • Fixed trading commission: The company does not make money on spreads, but on clearly defined commissions, which makes the cost of trading predictable and transparent for the client.
  • Detailed trading statistics: Gerchik Co provides access to analytics on 37 parameters, which helps traders to analyze their results and optimize trading strategies.
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Overview of Gerchik&Co's Personal Cabinet

For the convenience of interaction with Gerchik Co we offer to familiarize in detail with the procedure of account registration and features of the personal cabinet.

  1. Start registration: Go to the main page of Gerchik Co website and click on the “Open an account” button located in the upper right corner.
  2. Filling out the application form: In the window that appears, enter your personal information including your full name, residential address and contact details.
  3. Create credentials: Enter your e-mail and password for future access to your personal cabinet. Do not forget to confirm familiarization with the terms and conditions of the client agreement, which can be read by clicking on the appropriate link.
  4. Registration Confirmation: Enter the security code from the image and click on the “Register” button to complete the registration procedure.
  5. Account Verification: After registering and logging in to your personal account, you should go through the verification procedure by uploading the necessary documents to confirm your identity and residential address.

The following functionalities are available in the Gerchik Co personal account:

  • Account Management: View information about current, demo and archive accounts.
  • Financial transactions: Including deposits, withdrawals, internal transfers and history of all transactions.
  • Access to company services: For example, risk manager, personal statistics, indicators and affiliate programs.
  • Support: Includes training materials, documentation, access to support service, information about trading terminals and company contacts.
  • Personal Settings: Ability to change personal data and profile settings.

All additional information about trading, investments, affiliate programs and services of Gerchik Co can be found in the corresponding sections on the main page of the site.

Answers to questions

  • What is Gerchik & Co

  • What trading platforms are available at Gerchik&Co

  • What are the minimum deposits set at Gerchik&Co

  • What fees does Gerchik&Co charge

  • How can I replenish my account with Gerchik&Co

  • How is the withdrawal process from Gerchik&Co?

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