Gerchik & Co
Pros and Cons
Pros
- Regulated by Vanuatu Financial Services Commission (VFSC) and Financial Services Commission (FSC) in Mauritius
- Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Advanced trading platforms: MetaTrader 4 and MetaTrader 5
- Strong emphasis on trader education with webinars and market analysis
- Low spreads and fast order execution speed of 1 millisecond
Cons
- Limited regulatory oversight from major authorities
- Restricted access in certain countries like the USA and UK
- No proprietary trading platform offered
- No direct copy trading feature available
- High minimum deposit requirement for Premium Account
Basic Information
User Reviews
Gerchik & Co Overview
Gerchik & Co is a forex broker founded in 2015 and registered in Vanuatu. With a focus on providing transparent trading conditions, Gerchik & Co aims to enhance the trading experience for clients by prioritizing their interests. The broker operates under the regulatory oversight of the international financial commission Finacom, ensuring a level of trust and security for its traders. This commitment to reliability is further enhanced by the company’s advanced technological infrastructure, which supports fast execution and competitive trading conditions.
Gerchik & Co offers a diverse range of trading instruments including forex, commodities, and indices. The broker utilizes advanced trading platforms such as MetaTrader 4 and MetaTrader 5, providing traders with essential tools and features to enhance their trading strategies. Customer support is available in multiple languages and operates efficiently to assist clients with their inquiries. The unique selling points of Gerchik & Co include low spreads, high order execution speed, and a strong emphasis on trader education, making it an appealing choice for both novice and experienced traders looking to succeed in the forex market.
Is Gerchik & Co Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
| Financial Services Commission (FSC) | Mauritius | Segregated Funds |
Is Gerchik & Co Regulated and How Are Client Funds Protected?
Gerchik & Co is a regulated forex broker, operating under the oversight of the Vanuatu Financial Services Commission (VFSC) with license number 40512 and the Financial Services Commission (FSC) in Mauritius. The regulatory framework ensures that the broker adheres to international financial standards, contributing to a secure and transparent trading environment for clients.
Client funds at Gerchik & Co are protected through segregation, meaning that the clients’ funds are kept separate from the company’s operational funds. This measure is designed to enhance fund safety and reduce the risk of misuse. Additionally, Gerchik & Co is a member of the Financial Commission (Finacom), an independent dispute resolution body that provides an additional layer of protection for traders. Overall, these regulatory measures affirm that Gerchik & Co is a legit broker with a focus on maintaining a safe trading environment for its clients.
Trading Products and Services
What trading instruments does Gerchik & Co offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | 71 |
| Commodities | Gold, Oil | 3 |
| Indices | S&P 500, NASDAQ | 13 |
| Stocks | US, UK | 340 |
| Cryptocurrencies | BTC, ETH | Varies |
Gerchik & Co offers a diverse selection of trading instruments across various asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety not only caters to the needs of different traders, from beginners to seasoned professionals, but also supports a wide range of trading strategies. With the availability of multiple asset types, traders can effectively diversify their portfolios, thereby enhancing their potential for profitability and risk management. The broker’s commitment to providing competitive trading conditions, such as low spreads and fast execution speeds, positions it as an appealing option in the forex market, enabling clients to trade with confidence.
Account Types and Trading Conditions
What Account Types and Fees Does Gerchik & Co Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Zero Account | Beginners and clients with smaller deposits | Low trading costs with quick order execution | Minimum deposit $10, designed for effective forex trading |
| Premium Account | Active traders and investors | Maximum execution speed and competitive conditions for large volumes | Minimum deposit $3000, suitable for serious trading |
Account Opening Process
To open an account with Gerchik & Co, traders must submit personal, employment, and financial information. Identity verification is required, which includes providing a valid ID and proof of address. The process is straightforward, and clients have the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 1.0 | $0 (Zero Account), $8 (Premium Account) | Competitive pricing for all trading strategies |
| CFDs (Stocks, Indices, Commodities) | Varies | Depends on the asset | Spreads and commissions apply based on the instrument |
| Cryptocurrencies | Varies | Depends on the asset | Market fluctuations affect pricing |
Other Fees
Additional fees may include deposit and withdrawal fees, inactivity fees, and potential overnight interest (swap rates). Currency conversion fees may apply depending on the transaction types and methods used.
Trading Platforms and Apps
What Trading Platforms and Apps Does Gerchik & Co Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Advanced order types, market depth, economic calendar, push notifications | Demo accounts, API interfaces |
| Web Version | Any device with an internet browser | Secure login, market symbol lookup, one-click trading | Demo accounts |
| Mobile App | iOS, Android | Push notifications, real-time alerts, quick order execution | Demo accounts |
Gerchik & Co provides various trading platforms tailored for different trading needs. MetaTrader 4 is ideal for those seeking a user-friendly interface and essential trading features, while MetaTrader 5 offers advanced tools suitable for experienced traders. The web version allows access from any device, ensuring traders can manage their accounts on the go. Moreover, the mobile app enhances convenience with real-time alerts and secure logins, ensuring traders can execute orders promptly. Overall, these platforms ensure a robust and secure trading environment, supporting traders in optimizing their strategies.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $10, Max $50,000 | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $10, Max $10,000 | USD, EUR |
| e-Wallets (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $10, Max $20,000 | USD, EUR |
Minimum Deposit
Gerchik & Co requires a minimum deposit of $10 for the Zero Account, allowing beginners and clients with smaller deposits to start trading. The minimum deposit may vary depending on the account type chosen, with the Premium Account requiring a minimum deposit of $3,000.
How to Withdraw
To withdraw funds from your Gerchik & Co account, follow these steps: 1. Log in to your trading account. 2. Navigate to the ‘Withdrawal’ section. 3. Select your preferred payment method. 4. Enter the amount you wish to withdraw. 5. Confirm your withdrawal request. 6. Wait for the processing time specified for your chosen method to receive your funds.
Customer Support
Gerchik & Co Customer Support Overview
Support Channels
Gerchik & Co provides multiple contact methods to ensure traders receive the support they need. Customers can reach the support team via:
- Email: Send inquiries to support@gerchik.co.
- Live Chat: Available on the website for instant assistance.
- Telephone: Support is available at various numbers, including:
- Ukraine: 0 800 210 216 (free call)
- European Union: +3 705 259 62 16
- English support: +44 203 318 42 01
- Social Media: Customers can also contact support via platforms like Telegram.
Service Availability
Customer support at Gerchik & Co is available 24/5, operating from Monday to Friday, 9:00 a.m. to 6:00 p.m. (UTC +2 in winter, UTC +3 in summer). The support team is multilingual, providing assistance in several languages, which enhances communication with a diverse client base.
Additional Resources
To further assist traders, Gerchik & Co offers a range of educational resources, including video tutorials, webinars, and market analysis. These materials aim to improve trading skills and knowledge, ensuring clients have access to valuable information to enhance their trading experience.
Frequently Asked Questions
Gerchik & Co operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC) and the Financial Services Commission (FSC) in Mauritius. Client funds are protected through segregation, ensuring they are kept separate from the company’s operational funds. Additionally, Gerchik & Co is a member of the Financial Commission (Finacom), which provides an independent dispute resolution service and guarantees compensation up to €20,000 per claim.
Gerchik & Co offers advanced trading platforms, including MetaTrader 4 and MetaTrader 5, which provide essential tools for effective trading. The broker emphasizes low spreads and fast order execution speeds, which enhance trading strategies. Additionally, educational resources such as webinars and market analysis are available to improve traders’ skills and strategies.
Gerchik & Co offers two main account types: the Zero Account, designed for beginners and clients with smaller deposits, with a minimum deposit of $10 and low trading costs; and the Premium Account, aimed at active traders and investors, requiring a minimum deposit of $3,000 and offering maximum execution speed and competitive conditions for larger volumes.
If you experience difficulties with withdrawals or need assistance, you can contact Gerchik & Co’s customer support through various channels, including email at support@gerchik.co, live chat on their website, or by phone at their dedicated support numbers. The customer support team is available 24/5 to assist you with any inquiries or issues you may face.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.