Forex4you vs Gerchik & Co Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Forex4you and Gerchik & Co
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 3.8/5 | 3.9/5 |
| Foundation Year | 2006 | 2015 |
| Regulated in Countries | British Virgin Islands, Saint Vincent and the Grenadines, Belarus | Vanuatu |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:1000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Forex4you Review | Gerchik & Co Review |
Forex4you is suitable for experienced traders who appreciate the variety of platforms and analytical tools and beginners due to extensive training materials.
Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses
Forex4you Review
Forex4you is a broker with years of experience in the market, offering its clients a variety of trading instruments and platforms. On one hand, the broker provides exciting opportunities such as the Cashback program and various analytical tools. On the other hand, certain aspects, such as commissions and limited deposit methods, may pose particular difficulties for traders.
Forex4you is probably most suitable for intermediate and experienced traders looking for flexibility in choosing trading platforms and value analytical tools.
Pros and Cons of Forex4you
Pros
- Variety of trading accounts.
- Cashback program.
- Variety of trading platforms.
- Many analytical tools.
- Fast and professional response of the support service.
Cons
- Swaps are above the market average.
- Limited deposit methods.
- Limited product selection.
Forex4you is in the top 10 of the following ratings:
Gerchik & Co Review
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.
Pros and Cons of Gerchik & Co
Pros
- Transparent information about the broker's owners.
- A large number of trading accounts.
- Decent services that can help improve Forex trading.
- Educational courses, webinars, analytics.
- Opportunity for passive income on TIMA accounts.
- Contests on demo accounts and broker promotions.
Cons
- High commission for transactions on certain types of accounts.
- The website and personal account area may seem inconvenient (according to reviews).
- High deposit requirements for training or using services.
Gerchik & Co is in the top 10 of the following ratings:
Reliability
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Reliability | 4/5 | 3.4/5 |
| Foundation Year | 2006 | 2015 |
| Regulated in Countries | British Virgin Islands, Saint Vincent and the Grenadines, Belarus | Vanuatu |
| Regulators | BVIFSC BVIFSC SVGFSA SVGFSA НБ РБ НБ РБ | VFSC VFSC |
Forex4you
Forex4you broker is registered in the British Virgin Islands, St. Vincent and the Grenadines, and Belarus.
Pros
- International regulation (BVIFSC and SVGFSA).
- Regulation by the National Bank of the Republic of Belarus.
Cons
- Lack of regulation in major financial centers (e.g., EU or USA).
Gerchik & Co
The professional approach, risk management systems, trading education, and the protection of traders' interests by the international Financial Commission, lend Gerchik & Co a sufficient degree of reliability and regulation.
Pros
- Member of the FinaCom
- Quality of service confirmed by Verify My Trade
Cons
- Only a license from an offshore regulator
Account Opening
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Forex4you
Opening an account with the broker is simple and convenient. Intuitive website navigation and quick access to the personal account area make the process extremely user-friendly.
Pros
- Simple registration form.
- Intuitive website navigation.
- Quick login to the personal account from the homepage.
Gerchik & Co
Gerchik & Co offers its clients a simple and quick account opening process. All that's required is to fill out the registration form on the website, choose the type of account, and enter personal details.
Account Types
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Account Types | 5/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:1000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Forex4you
Forex4you offers a variety of accounts, meeting the needs from beginners to professionals.
Pros
- Cent accounts for beginners.
- Trading accounts for experienced and professional traders.
- Own copy trading service Share4you
Gerchik & Co
Gerchik & Co provides an acceptable choice of trading accounts, making it attractive for traders with different levels of experience and investment goals.
Pros
- STP accounts
- Contests on demo accounts
- Availability of TIMA accounts
Cons
- No cent accounts
- No accounts with fixed spreads
Commissions
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Commissions | 2.2/5 | 2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.2 | |
| Commission per Lot | $4 | $5 |
Forex4you
Forex4you's commissions are above average.
Pros
- Cashback program available
Cons
- High commission per lot on Classic Pro account.
- Swaps higher than most competitors.
- Inactivity fee.
Gerchik & Co
Although Gerchik & Co offers competitive spreads and there are no commissions for withdrawing funds and no inactivity fees, the transaction commission may be significant for traders, especially those who conduct many transactions.
Pros
- No commission for fund withdrawal
- No inactivity fee
Cons
- High trading fees
Deposit and Withdrawal
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 3/5 | 5/5 |
| Account Funding Methods |
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Forex4you
Forex4you offers convenient conditions for depositing and withdrawing funds via bank cards, but the choice of methods is limited.
Pros
- 0% commission for deposits and withdrawals.
- Instant credit on deposits.
Cons
- Lack of cryptocurrencies.
- No bank transfer option.
- Withdrawal time up to 6 business days.
Gerchik & Co
Gerchik & Co provides a wide range of deposit and withdrawal methods, allowing users to choose the most convenient option. Both traditional payment systems and cryptocurrency wallets are available.
Markets and Products
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Markets and Products | 3.2/5 | 4.4/5 |
| Forex | 40 | 66 |
| Precious Metals | 2 | 7 |
| Indices | 13 | 14 |
| Stocks | 89 | 296 |
| Energy Carriers | - | 3 |
| ETF | - | 21 |
| Cryptocurrency | - | 11 |
Forex4you
Forex4you offers a variety of markets, but the product range is limited compared to competitors.
Pros
- Wide selection of currency pairs.
- Diverse markets.
Cons
- Lack of energy carriers and soft commodities.
- Overall number of CFDs below market standards.
Gerchik & Co
Gerchik & Co offers a decent selection of trading instruments and markets with 66 currency pairs and over 300 CFDs on various assets. However, some brokers offer a broader range of products, including more cryptocurrency pairs and commodities.
Pros
- Good choice of currency pairs
- Stocks from the US, Europe, and the UK are available
Cons
- No exchange-traded commodities
Trading Platforms
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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Forex4you
Forex4you offers high-quality and functional trading platforms, ensuring comfortable trading.
Pros
- Availability of popular platforms MT4 and MT5.
- Proprietary development - the Forex4you platform.
- Mobile versions for trading on the go.
Gerchik & Co
MetaTrader 4 and MetaTrader 5 are reliable and functional platforms, but having Gerchik & Co's own innovative platform or mobile application could enhance this rating.
Analytics
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 4/5 | 5/5 |
Forex4you
Forex4you offers a wide range of analytical tools, providing traders with quality data for decision making.
Pros
- Extensive set of tools: news, technical analysis, economic calendar.
- Access to professional services such as Autochartist.
Cons
- Lack of in-depth fundamental analysis.
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
Education
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 5/5 |
Forex4you
Forex4you training materials offer a comprehensive approach to learning with a wide range of topics and formats suitable for beginners and experienced traders.
Gerchik & Co
The broker offers various educational materials, including courses, video lessons, a book, and even an educational mobile app.
Customer Support
| Broker | Forex4you | Gerchik & Co |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
YouTube
Instagram
Telegram
SkypeForex4you
Forex4you's customer support provides a mixed experience, with quick response but also issues in some cases.
Pros
- Variety of communication channels.
- Quick response in chat and via email.
- Professionalism of the staff.
Cons
- Negative reviews about account freezing.
- Issues with fund withdrawal for some clients.
Gerchik & Co
The broker provides 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.
