FreshForex 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 FreshForex and Gerchik & Co
| Broker | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 3.8/5 | 3.9/5 |
| Foundation Year | 2003 | 2015 |
| Regulated in Countries | Saint Vincent and the Grenadines | Vanuatu |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FreshForex Review | Gerchik & Co Review |
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses
FreshForex Review
FreshForex is a broker with rich experience in the market since 2004, and it has established itself as a stable and reliable partner. The broker offers a variety of trading accounts that can meet the needs of different categories of traders, including accounts with fixed and floating spreads and with market execution. An additional advantage is an extensive set of educational materials and analytics that can be useful for beginners and experienced traders.
However, there are significant disadvantages to consider. The lack of regulation by major financial institutions such as the FCA or ASIC can be critical for traders looking for maximum security for their funds. Also, the lack of a native mobile app can limit the ability to trade on the go, although this is offset by support for the popular MetaTrader 4 and MetaTrader 5 platforms. High trading commissions on ECN accounts can deter traders from seeking more favorable trading conditions.
Overall, FreshForex is suitable for traders who appreciate the variety of trading accounts and educational resources. The broker is especially ideal for those willing to accept some risk associated with the lack of regulation by reputable authorities.
Pros and Cons of FreshForex
Pros
- It has been on the market since 2004 and has established itself as a reliable and stable broker.
- Variety of trading accounts.
- Quality analytics.
- Extensive education program.
Cons
- Lack of regulation by major financial authorities.
- Absence of a mobile application.
- High trading fees.
FreshForex 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 | FreshForex | Gerchik & Co |
|---|---|---|
| Reliability | 3/5 | 3.4/5 |
| Foundation Year | 2003 | 2015 |
| Regulated in Countries | Saint Vincent and the Grenadines | Vanuatu |
| Regulators | SVGFSA SVGFSA | VFSC VFSC |
FreshForex
FreshForex has an offshore registration. There is also a lack of strict regulation, which raises concerns about reliability
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FreshForex
The account opening process at FreshForex is simple and convenient.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Account Types | 4.5/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FreshForex
FreshForex offers a variety of accounts to meet different needs, but lacks options for passive investing.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Commissions | 2.2/5 | 2/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.8 | |
| Commission per Lot | $3.3 | $5 |
FreshForex
FreshForex has higher than average market commissions, but does not charge for inactivity or deposits/withdrawals.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Markets and Products | 4/5 | 4.4/5 |
| Forex | 52 | 66 |
| Precious Metals | 13 | 7 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 14 |
| Stocks | 115 | 296 |
| ETF | 7 | 21 |
| Cryptocurrency | 74 | 11 |
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
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 | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 5/5 |
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
Education
| Broker | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 5/5 | 5/5 |
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for 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 | FreshForex | Gerchik & Co |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
VK
OK
Skype
Facebook
InstagramFreshForex
FreshForex technical support offers a variety of communication channels, but the quality of service is inconsistent.
Pros
- Multiple channels of communication.
- Quick response in some cases.
Cons
- Inconsistency in service quality.
- Lack of 24/7 support.
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.
