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Gerchik & Co Review 2024

Last updated Jun 18, 2024
Gerchik & Co is trusted. Tested via live trading.

Highlights of Gerchik & Co

Gerchik & Co Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
AdvCash Logo
Perfect Money Logo
Swift Logo
SEPA Logo
Visa Logo
Mastercard Logo
compare Gerchik & Co trading accounts

Gerchik & Co is an international broker focused on providing services to traders of various levels. The convenient account opening process and a wide range of trading instruments make it appealing to both novice and experienced traders.

The broker boasts a broad array of educational materials, such as webinars and analytical reviews, which help to enhance traders' knowledge. The platform offers reliable technical support with multiple contact options, crucial for users needing prompt assistance.

Pros and Cons of Gerchik & Co

Pros

  1. Transparent information about the broker's owners.
  2. A large number of trading accounts.
  3. Decent services that can help improve Forex trading.
  4. Educational courses, webinars, analytics.
  5. Opportunity for passive income on TIMA accounts.
  6. Contests on demo accounts and broker promotions.

Cons

  1. High commission for transactions on certain types of accounts.
  2. The website and personal account area may seem inconvenient (according to reviews).
  3. High deposit requirements for training or using services.

Gerchik & Co Broker Overview

Foundation Year2015
Official Websitehttps://gerchik.co
Regulated in CountriesVanuatuMore Details
Minimum Deposit
  • 100 USD
Spreadfrom 0 points
Max Leverage1:100
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • ETF
  • Stocks
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
Email Support
  • support@gerchik.co
Hotline Phones
Social Media

The company was founded in 2015 by traders Alexander Gerchik and Ivan Kroshny, which is why it is known as a company created by traders for traders.

The company's president, Alexander Gerchik, is a well-known millionaire trader, mentor, and author of books and educational courses. It is essential to know and understand who is behind the company. Gerchik & Co's traders and investors see the company's leading figures and can interact with them and ask questions on social media and during webinars.

In its relatively short history, the company has already won several awards. One of the latest (in 2021) — Gerchik & Co was ranked in the top three of the global rating in the category "Best Trade Execution" according to The Ultimate Fintech.

Gerchik & Co is in the top 10 of the following ratings:

Gerchik & Co Review Summary

Our broker evaluation is based on comprehensive research and analysis using an extensive methodology that we have developed to provide the most objective picture possible. We consider various factors, including regulation, reliability, trading conditions, the range of instruments offered, customer service, etc.

We invite you to read our detailed review below to understand the advantages and potential risks of trading through Gerchik & Co.

Reliability and Regulation

Rating:3.4/5
Legal EntityRegulator

Gerchik & Co, established in 2015, is regulated by the VFSC (Vanuatu Financial Services Commission), indicating that the company is under the oversight of a financial regulator and must adhere to specific requirements and standards for financial market operations. This is essential to the broker's reliability as it protects traders' interests.

Gerchik & Co makes significant efforts to provide high-quality services to its clients. For instance, they have systems for risk management, stable trading, and trading education. All these signify the company's professional approach to its services and clients.

Furthermore, the principle of reliability and transparency of Gerchik & Co is corroborated by the protection of traders' interests by the International Financial Commission (FinaCom). This means that in the event of disputes with the broker, traders have the opportunity to turn to this independent body. And even in unforeseen circumstances, traders are assured of a guaranteed payout of up to €20,000 per claim.

However, it should be noted that the VFSC is an offshore regulator, and the standards of regulation and investor protection may be lower than those of regulators from more extensive and more developed financial centers, such as the FCA in the UK or the SEC in the USA.

Account Opening

Rating:5/5

Gerchik & Co offers its clients a simple and fast account opening process. All that is required is to fill out the registration form on the website, select the type of account, and enter personal details. After this, the personal account and all the services' functions become available.

Account Registration

To create an account in the service, it is necessary to fill out a particular registration form, which will appear after clicking on the green "Open Account" button on the main page or after going to the registration page (https://po.gerchik.co/registration/individual-account). The registration form requires the entry of personal data:

  • First name;
  • Last name;
  • Citizenship;
  • Phone number;
  • Email address.

Additionally, you must choose the type of account (individual or corporate).

Registration at Gerchik & Co
Registration at Gerchik & Co

After registration, the personal account and all the services' functions become available.

Personal Account

Access to the personal account is made through https://po.gerchik.co/.

In the personal account, a trader can view all his accounts. Also, through the personal account, there is the possibility to:

  • Open a trading account;
  • Open a demo account;
  • Invest in a TIMA account;
  • Explore and use services (risk manager, trader's diary, RMV indicator);
  • Deposit or withdraw funds from the trading account;
  • Create a ticket for support;
  • Participate in the company's contests and promotions;
  • Review the company's legal documents;
  • Download helpful instructions and books for learning;
  • Undergo verification.
Gerchik & Co Personal Account
Gerchik & Co Personal Account

Identity and Address Verification

If you want to trade on a real account, you must undergo complete verification. This contributes to the transparency and security of trading in the forex market.

To verify, go to your profile in the personal account.

  • For identity verification, upload a color scan or photo of your passport, ID card, or international passport.
  • To confirm the address, upload a utility bill or bank statement.

The entire verification terms can be reviewed in the personal account. Verification usually takes up to 3 working days.

Minimum Deposit

When choosing a broker, one of the critical criteria is the size of the minimum deposit. You must deposit this amount into your trading account to start working with the broker.

Gerchik & Co's minimum deposit is 100 US dollars or euros. You can start trading in the financial markets by depositing just 100 US dollars or euros into your account. This deposit size makes Gerchik & Co accessible to a wide range of investors, including those who are just beginning their journey into the world of trading and do not want to invest large sums immediately.

Account Types

Rating:4/5

Gerchik & Co offers a range of trading accounts suitable for traders of different experience levels and investment goals. The availability of trading accounts with various minimum deposits and trading conditions allows for adaptation to different trading strategies and capital sizes.

Demo accounts also offer an excellent opportunity for beginners to try their hand at trading without the risk of losing real funds and for more experienced traders to test new strategies. The conduct of demo account contests can be a motivating factor for traders.

TIMA accounts, in turn, offer the possibility of earning passive income, which can be attractive for investors who do not have the time or knowledge for independent trading.

However, it is worth noting that the broker does not offer accounts with fixed spreads and cent accounts, which may not appeal to some traders.

Trading Accounts

The company provides a relatively large selection of trading accounts. The main types of accounts and their features are presented in the table below.

ZeroMiniSimpleSilverGoldPlatinum
Account CurrencyUSD, EUR
Minimum Deposit100 $500 $1 000 $10 000 $25 000 $100 000 $
Trading PlatformsMetaTrader 5MetaTrader 4
Spreadfloatingfrom 1 pipsfloatingfrom 0.4 pipsfloatingfrom 0 pips
Commission per Tradeper 1 lot~ 5 $per 1 lot~ 4.5 $per 1 lot~ 4 $per 1 lot~ 3.5 $
Trading AssetsForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Opened Positions
Leverage1:1-1:100
Margin Call / Stop Out100% / 50%
Order ExecutionSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegisterRegister

Demo Account

The company allows you to test your trading skills or a new trading system (TS) without risking your funds with a virtual demo account, with indicators identical to real accounts.

Types of Demo Accounts

  • Demo Zero
  • Demo Mini
  • Demo Simple
Opening a demo account with Gerchik & Co
Opening a demo account with Gerchik & Co

Contests on Demo Accounts

Gerchik & Co holds annual competitions on demo accounts.

Contest Conditions

  1. Having a client account is required to participate in the contest. An application for participation can be submitted in the personal account (PA).
  2. After the application is approved, the participant is given a contest account with a virtual balance of $10,000 and a leverage of 1:100.
  3. During the contest, participants can open trades of any volume available in the trading terminal, starting from 0.01 lots.
  4. The number of trades a participant makes during the contest must be at least 10.
  5. It is not allowed to submit a repeat application for the contest.

The sum of profits determines the winners' ranking at the end of the contest.

  • Prize Fund: $55,000.

  • Number of Prize Places: 55

Within a month after the end of the contest, the winning participants must open and verify a TIMA account. The company invests $1,000 into the created TIMA account.

TIMA Accounts

The company's TIMA service allows investors to earn passive income in the financial markets.

What is a TIMA Account?

We are talking about a trust management service. Its principle of operation is very similar to a PAMM account, but there are two key differences.

  1. Firstly, the trader-manager invests his money in the deal, not just trading with investors' capital.
  2. Secondly, thanks to the "Risk Manager" tool connected to the TIMA account from Gerchik & Co, the trader receives enhanced risk control during trading.

The exceptional service opens up opportunities for you to earn in the financial markets, even if:

  • You have only heard about trading in the financial markets and have never traded yourself;
  • You do not have time for independent trading;
  • You can allocate small investments.

TIMA Account Rating

At Gerchik & Co, there is a rating of TIMA accounts. Here, you can see the critical parameters of trading strategies and choose a suitable manager. Let's highlight several advantages:

  1. Even if your capital is only $100, you can become an investor!
  2. You will not trade in the financial markets yourself.
  3. When choosing a manager, you can see the profitability of his strategy and accompanying indicators.
  4. There is a unique calculator to estimate potential future profits.
  5. The income belongs to the category of passive, as the manager you choose earns for you.
  6. You can set the percentage of risk in the settings. This way, you define the risk boundaries for the trading trader.
  7. The manager is interested in making a profit because he also has his own money under management.
  8. "Risk Manager" is connected to each TIMA account. With it, you get double protection: a system that helps the trader control risks and the trader himself with his experience and knowledge.
Gerchik & Co TIMA Managers Rating
Gerchik & Co TIMA Managers Rating

How to Become an Investor in a TIMA Account?

To become an investor, you need to register at Gerchik & Co, deposit an amount of $100 into the account, find a suitable manager, read the terms of the offer, and, if they suit you, invest.

Conditions for Investors
  • From $100 to start;
  • Independent choice of risk percentage;
  • Rating of managers;
  • Calculator for estimating potential profit;
  • Educational material on choosing a manager.

The company also regularly publishes reviews of top TIMA strategies, showing how effectively managers work.

How to Become a TIMA Account Manager?

If your capital is small, but you want to stay in the market to increase your trading opportunities - become a TIMA manager! Thanks to a large deposit, this will allow you to get a high yield. A large deposit significantly increases your opportunities.

Why is it Good to be a Manager?
  1. Investors increase the trading deposit with their capital.
  2. You receive a reward for managing investors' capital.
  3. You can attract TIMA agents - they will increase the flow of investments into your strategy.
  4. The trader grows professionally. "Risk Manager" helps to control risks better and become more disciplined. Growth occurs by attracting investor capital, which is already a move to a new level of earnings and responsibility.

To become a manager, you need to register, open a TIMA account, fill in the fields present in the form, and start trading.

Commissions

Rating:2/5

While Gerchik & Co offers competitive spreads and no fees for fund withdrawals or account inactivity, the transaction commission may be substantial for traders, especially those who conduct many transactions.

Therefore, we have rated Gerchik & Co's commissions as average. This is still satisfactory for some traders, particularly those who prefer not to trade frequently. Still, these conditions may not be the most favorable for those conducting many trading operations.

Trading Fees

Depending on the type of account, the main expenses for Gerchik & Co clients will be related to the following trading commissions:

  • Commission per lot
  • Spreads
  • Swaps

Commission per lot

The brokerage firm Gerchik & Co has set relatively high transaction commissions, depending on the selected trading account type. For Mini and Simple accounts, the commission is $10 per 1 entire lot, demonstrating the accessibility and attractiveness of these accounts for beginners or traders with limited capital. For more experienced traders or those who prefer to work with larger volumes, there are Silver, Gold, and Platinum accounts with transaction commissions of $9, $8, and $7 per round turn lot, respectively.

Important: This commission is high compared to Gerchik & Co's competitors.

BrokerIC MarketsRaw SpreadPepperstoneRazorGerchik & CoMiniRoboforexECNFxProStandard
Commission per lot$3.5$3.5$5$2.16$0.00

Spreads and Swaps

Gerchik & Co. offers spreads and swaps that are slightly above average.

Below is a table of average spreads and swaps for Forex instruments for the Zero account.

AssetAverage spreadSwap longSwap short
EURUSD1.8 pips-7.20 pips1.90 pips
USDJPY2.5 pips17.10 pips-29.20 pips
GBPUSD2.1 pips-3.60 pips-1.80 pips
USDCHF2.0 pips6.70 pips-12.40 pips
USDCAD2.5 pips0.20 pips-4.20 pips
AUDUSD1.9 pips-5.00 pips1.80 pips
NZDUSD2.4 pips-2.30 pips-1.50 pips

Deposit and Withdrawal

Rating:5/5

Gerchik & Co. offers a wide selection of deposit and withdrawal methods, allowing users to choose the most convenient and familiar option. Both traditional payment systems and cryptocurrency wallets are available, showing the broker's effort to keep up with the times and consider the latest trends. Moreover, the absence of broker fees for deposits and withdrawals makes these processes even more accessible and attractive to clients.

It is essential to know that before you can start trading, you must fund your wallet.

How to Deposit Funds to Gerchik & Co

Click "Replenish the Balance". Choose the payment method, account currency (USD or EUR), payment type, and deposit amount.

How to Deposit Funds to Gerchik & Co
How to Deposit Funds to Gerchik & Co

Deposit Methods

Important! The broker does not charge a fee for deposits and withdrawals. The table indicates the payment system's commission.

Payment SystemCurrenciesDeposit FeeOperation Limit
AdvCashAdvCash
USDEUR
0%
Perfect MoneyPerfect Money
USDEUR
2.5%
SwiftSwift
USDEUR
0%
SEPASEPA
EUR
0%
VisaVisa
USDEUR
2.8%
MastercardMastercard
USDEUR
2.8%
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип RippleXRP (Ripple)XRP
0.5%
from 10000 USD
Логотип BitcoinBTC (Bitcoin)BTC
0.5%
from 10000 USD
Логотип LitecoinLTC (Litecoin)LTC
0.5%
from 10000 USD
Логотип EthereumETH (Ethereum)ERC20
0.5%
from 10000 USD
Логотип TetherUSDT (Tether)ERC20
0.5%
from 10000 USD
Логотип TetherUSDT (Tether)TRC20
0.5%
from 10000 USD
Логотип TrueUSDTUSD (TrueUSD)ERC20
0.5%
from 10000 USD
Логотип DaiDAI (Dai)ERC20
0.5%
from 10000 USD
Логотип USD CoinUSDC (USD Coin)ERC20
0.5%
from 10000 USD

To deposit funds using cryptocurrency or a bank transfer, you need to create a request, additionally providing your wallet address (for cryptocurrency) or your name and surname (for a bank transfer). After making the request, a personal manager will contact you and send further instructions for depositing funds.

In all other cases, you can deposit funds automatically without creating a request.

How to Withdraw Funds

To withdraw money, go to the "Funds Withdrawal" tab.

On the withdrawal page, fill in the exact data for depositing (see above), but you can also add a reason for the withdrawal.

Attention! Withdrawals can only be made to the cards or wallets from which the deposit was made.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
AdvCashAdvCash
USDEUR
0.5%
from 1 USD
Perfect MoneyPerfect Money
USDEUR
0.5%
from 1 USD
SEPASEPA
EUR
0%
from 100 EUR
SwiftSwift
USDEUR
0%
from 100 USD
MastercardMastercard
USDEUR
2%
from 15 USD
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип RippleXRP (Ripple)XRP
0.5%
from 100 USD
Логотип BitcoinBTC (Bitcoin)BTC
0.5%
from 100 USD
Логотип LitecoinLTC (Litecoin)LTC
0.5%
from 100 USD
Логотип EthereumETH (Ethereum)ERC20
0.5%
from 100 USD
Логотип TetherUSDT (Tether)ERC20
0.5%
from 100 USD
Логотип TetherUSDT (Tether)TRC20
0.5%
from 100 USD
Логотип TrueUSDTUSD (TrueUSD)ERC20
0.5%
from 100 USD
Логотип DaiDAI (Dai)ERC20
0.5%
from 100 USD
Логотип USD CoinUSDC (USD Coin)ERC20
0.5%
from 100 USD

To confirm the withdrawal, you will receive a confirmation code by email. Enter the code in the confirmation form, and the withdrawal request will be successfully created.

Markets and Products

Rating:4.4/5

Gerchik & Co. offers a pretty good selection of trading instruments and markets. With 66 currency pairs, over 300 CFDs on various assets, and the ability to trade cryptocurrencies, clients can choose the product that best fits their strategy and preferences.

Various available instruments make Gerchik & Co. an attractive platform for traders of different levels and with multiple trading strategies. Additionally, the different leverages offered for different types of tools allow traders to choose the most suitable level of risk.

However, it should be noted that some brokers offer a more comprehensive range of products, including a more significant number of cryptocurrency pairs and commodities. It's also worth considering that the maximum leverage at Gerchik & Co. is only 1:100, which may not satisfy some traders.

What assets are available?

The broker provides a relatively large selection of assets:

BrokerIC MarketsGerchik & CoPepperstone
Forex616697
Precious Metals7720
Energy Carriers534
Soft Commodities816
Indices251426
Stocks2175296986
ETF3821108
Bonds10
Cryptocurrency211130

Forex

66 currency pairs are available for trading on the broker's platform.

AUDCADAUDCHFAUDJPYAUDNZDAUDUSDCADCHFCADJPYCHFJPYGBPAUD
GBPCADGBPCHFGBPJPYGBPNZDGBPUSDEURAUDEURCADEURCHFEURGBP
EURJPYEURNZDEURPLNEURUSDNZDCADNZDCHFNZDJPYNZDUSDUSDCAD
USDCHFUSDCNHUSDJPYUSDMXNUSDPLNUSDRUBUSDZARAUDNOKAUDSEK
AUDSGDCHFNOKCHFPLNCHFSGDEURHUFEURMXNEURNOKEURSEKEURSGD
EURTRYGBPCADGBPDKKGBPNOKGBPPLNGBPSEKGBPSGDGBPZARNOKJPY
NOKSEKNZDSGDSEKJPYSGDJPYTRYJPYUSDCZKUSDDKKUSDHUFUSDNOK
USDSEKUSDSGDUSDTRYZARJPY     

CFDs

An even wider choice is available for CFDs - over 300 names.

  • Metals (gold, silver, platinum, palladium, copper).
  • Energy carriers (gas, oil).
  • Stock indices.
  • ETFs or exchange-traded funds.
  • Stocks (exchanges like Euronext, LSE, NASDAQ, NYSE).

The "CFD Contract Specifications" section at the link presents the complete list of trading instruments.

Here, you can also find information on commissions, lots, etc.

Cryptocurrencies

11 cryptocurrency pairs are available:

  • BTCUSD
  • ETHUSD
  • LTCUSD
  • ADAUSD
  • BCHUSD
  • DOGUSD
  • DOTUSD
  • EOSUSD
  • LNKUSD
  • XLMUSD
  • XRPUSD

Leverage

Leverage can vary for different types of instruments.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:100
Precious Metals
1:50
Energy Carriers
1:20
Indices
1:50
Stocks
1:5
ETF
1:5
Cryptocurrency
1:2

Trading Platforms

Rating:4/5

The broker Gerchik & Co utilizes classic trading terminals - MetaTrader 4 and MetaTrader 5. Both trading platforms are available:

  • In a desktop version for Windows and Mac OS;
  • In a mobile version for Android and iOS.

The web version is available only for MT5.

In the MT4 and MT5 terminals, all standard trading and technical analysis tools are installed.

MetaTrader 5
MetaTrader 5

The platforms from Gerchik & Co can be downloaded for free from their official website or through the broker's account.

Analytics

Rating:5/5

The analytical capabilities provided by the broker Gerchik & Co. appear to be very strong and multifunctional.

What analytical materials are available?

The company's website presents the following analytical materials:

  • Fundamental and technical analysis;
  • Daily financial news;
  • Video analytics with current reviews for today.

The company has its own YouTube channel featuring market reviews, webinars, and video lessons by Alexander Gerchik.

An economic calendar and a trader's calculator are used for market monitoring.

The company also has services to improve Forex trading performance. Let's briefly review each of them.

Risk Manager

Risk Manager is a tool created explicitly by Gerchik & Co. for risk control. You can set an acceptable loss percentage per trade, day, month, and other parameters.

Risk management increases market survival. This is the view of Gerchik & Co. president Alexander Gerchik, who advises everyone to use it, especially since it is free.

Advantages of the Risk Manager:

  1. The service simplifies discipline adherence.
  2. It allows you to limit risks strictly according to risk management rules.
  3. You avoid the detrimental consequences (i.e., total loss) of emotional trading.
  4. It is available for free to Gerchik & Co clients.
  5. It can be connected in the "Personal Account" to any number of accounts.
Gerchik & Co Risk Manager
Gerchik & Co Risk Manager

Real Market Volume Indicator

Real Market Volume is an advisor + volume profile. It helps identify intense levels, filter signals, and predict trend movements. It provides signals when the market has a good moment for order opening. It suggests points for setting stops and takes.

The RMV indicator for MT4 can be reviewed with a demo license valid for 7 days. The full version is available to the trader when funding their trading account from $2000.

Real Market Volume Indicator
Real Market Volume Indicator

Trader's Calculator

Trader's Calculator is a service where you can calculate important transaction parameters online. It is conditionally divided into several calculators, all available on one page.

  1. Margin Calculator - helps determine the margin required to open a trade.
  2. Pip Value Calculator - designed to calculate potential profit or loss in pips.
  3. Risk Calculator - based on the pip value, it calculates the current balance in USD, the size of the stop in pips, the trade volume in lots, and the risk per trade in percentages.
  4. Trading Settings Calculator - calculates the margin size and the percentage of potential profit or loss per trade.
  5. Swap Cost Calculator - helps calculate the swap size (the difference between rates for currencies in the pair) when rolling a position over to the next day.
  6. Currency Converter - allows you to find out the exchange rate of one currency relative to another, which is convenient for calculations or trading planning.
Gerchik & Co Trader’s Calculator
Gerchik & Co Trader’s Calculator

Algorithm Constructor

Algorithm Constructor is an online program. It helps create an algorithm based on a trader's signals and forms a trading checklist with examples and illustrations.

To create a precise algorithm, you will need to fill out a questionnaire, answering the following questions:

  • What is your trading style (scalping, short-term, swing trading, etc.)?
  • What time do you trade?
  • What may interfere with your trading (release of important economic news, bad mood, etc.)?
  • Do you analyze your trading?
  • What instruments do you trade?
  • What patterns do you trade?
  • What indicators do you trade with?
  • What signals do you enter the market with?
  • Provide screenshots of different market situations.
  • With what risk and potential profit do you trade?

After answering all your questions, you will receive a detailed trading checklist in your email.

Trader's Statistics

Trader's Statistics is a trading analysis service based on 37 parameters. It helps:

  • Identify the strengths and weaknesses of the strategy to strengthen or correct them;
  • Monitor trading dynamics;
  • Determine what affects the profitability of your strategy;
  • Understand which assets and instruments suit you;
  • Assess how effectively you manage risks.

You must have at least $1000 in your trading account to activate this service.

Education

Rating:5/5

Gerchik & Co. offers various educational materials, including courses, video lessons, a book, and even an educational mobile app. This approach ensures that traders of different experience levels and learning preferences can access education.

What educational materials are available?

You can undergo training at Gerchik & Co with such courses:

  • "Gerchik's Reboot" — 11 lessons based on Alexander Gerchik's knowledge + homework review. The "Comfort" and "Basic" packages of the "Reboot" course are available to clients of Gerchik & Co.
  • 21 lessons for professional development — video lessons on trading techniques and psychology with 4 experts, including Alexander Gerchik. The course is available to users of the broker. You can learn about it from your manager.
  • "Fifty Shades of Forex" is a book by Alexander Gerchik containing tips and recommendations from a successful practicing Forex trader.
  • "Trading Training from Scratch" is a course with a bot mentor. It offers the study of the basics of trading without investments and risks to the deposit. The bot mentor teaches key price levels, uses technical analysis to enter the market, and makes trades with minimal risk. Includes self-check tasks after each lesson. As a bonus, a checklist, "How to Enter a Trade Correctly," a trading algorithm, and the trader's desk guide, "Fifty Shades of Forex" are offered.
Gerchik's Reboot Training Course
Gerchik's Reboot Training Course

You can also download the free educational mobile app from Google Play and the App Store. Upon completing the course, you can receive a gift from the company.

Customer Support

Rating:5/5

The broker offers numerous channels for contacting support, including telephone, email, Skype, Telegram-bot, online chat on the website, and the ability to create a ticket in the personal account. Additionally, there are contact details for different countries, simplifying communication with support for clients from various regions. Official social networks and channels are also available.

Communication Channels

The broker offers several options for communication:

  • Telephone numbers: for Ukraine 0-800-210-216; for Kazakhstan +77-273-50-59-77; for the United Kingdom +44-203-318-42-01; for the European Union +37052596216.
  • Email support@gerchik.co.
  • Skype: GerchikCo TechSupport.
  • Telegram-bot: t.me/GCosupport_bot
  • Online chat on the official website.
  • Call center working hours: Mon-Fri, from 09:00 to 18:00 (UTC+3 during daylight saving time / UTC+2 during standard time).

Social Networks

The company's official social media and channels:

Additionally, in the personal account, you can create a ticket and ask any question to support.

Request to Gerchik & Co Support
Request to Gerchik & Co Support

Conclusion

Gerchik & Co. serves as a commendable platform for traders of all levels. The wide array of trading instruments and platforms makes this broker attractive to novices and seasoned traders.

The educational materials provided by the broker can be particularly beneficial for beginners and those looking to deepen their knowledge. In addition, the broker offers a variety of technical support communication options, which can be valuable for traders requiring immediate assistance.

This broker is suitable for novice and experienced traders due to its comprehensive approach and attention to detail regarding trading and education.

FAQ

Is Gerchik & Co legit?

Yes, Gerchik & Co is a legitimate broker. It is regulated and operates under the Vanuatu Financial Services Commission (VFSC).

Which country is Gerchik & Co from?

Gerchik & Co is based in Vanuatu.

Is Gerchik & Co an ECN broker?

No, Gerchik & Co is an STP (Straight Through Processing) broker, providing direct access to liquidity providers without dealing desk intervention.

How does Gerchik & Co make money?

Gerchik & Co makes money through spreads, commissions on trades, and other fees associated with trading activities and account management.

Is Gerchik & Co good for beginners?

Yes, Gerchik & Co is suitable for beginners. The broker offers a variety of educational resources, including webinars and analytical reviews, to help new traders improve their skills and knowledge.

Does Gerchik & Co offer a demo account?

Yes, Gerchik & Co offers a demo account, allowing traders to practice and familiarize themselves with the platform without risking real money.

How can I open an account with Gerchik & Co?

To open an account with Gerchik & Co, visit their website, complete the registration form, verify your identity, and make an initial deposit. The process is straightforward and user-friendly.

How can I delete my Gerchik & Co account?

To delete your Gerchik & Co account, you need to contact their customer support team and request account closure. Ensure that all funds are withdrawn and that there are no open positions before initiating the request.

What is the minimum deposit for Gerchik & Co?

The minimum deposit for Gerchik & Co is $100.

What is the maximum leverage of Gerchik & Co?

The maximum leverage offered by Gerchik & Co is up to 1:100, depending on the instruments being traded.

How do I deposit funds in a Gerchik & Co account?

To deposit funds into a Gerchik & Co account, log in to your account, navigate to the deposit section, choose your preferred payment method, and follow the instructions to complete the transaction.

How do I withdraw money from Gerchik & Co?

To withdraw money from Gerchik & Co, log in to your account, go to the withdrawal section, select your preferred withdrawal method, enter the amount, and submit your request. Processing times may vary based on the method chosen.

Does Gerchik & Co provide VPS?

Yes, Gerchik & Co provides Virtual Private Server (VPS) services for traders who require enhanced trading performance and stability.

Is Gerchik & Co suitable for scalping?

Yes, Gerchik & Co is suitable for scalping. The broker allows this trading strategy and provides the necessary tools and conditions for effective scalping.

Is Gerchik & Co suitable for auto-trading?

Yes, Gerchik & Co is suitable for auto-trading. The broker supports various automated trading systems and platforms, enabling traders to implement their strategies.

Is Gerchik & Co suitable for hedging?

Yes, Gerchik & Co is suitable for hedging. Traders can use hedging strategies to manage risk and protect their investments.

Is Gerchik & Co suitable for spread betting?

No, Gerchik & Co does not offer spread betting services. The broker focuses on providing forex and CFD trading.

Visit Gerchik & CoTrading CFDs carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.