FXTM vs Gerchik & Co Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXTM and Gerchik & Co. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXTM or Gerchik & Co?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FXTM
- Minimum deposit · USD
- 10 USD
- Different markets
- None listed
- Cent account
- Yes
Gerchik & Co
- Minimum deposit · USD
- 100 USD
- Different markets
- ETF
- Cent account
- No
Comparison Table of FXTM and Gerchik & Co
Swipe the table left or right to view all data.
| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Foundation Year | 2011 | 2015 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | Vanuatu |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXTM Review | Gerchik & Co Review |
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Reliability | 5/5 | 3.4/5 |
| Foundation Year | 2011 | 2015 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | Vanuatu |
| Regulators |
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FXTM
Opening an account with FXTM is a simple and fast process.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Account Types | 4.5/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:100 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Commissions | 3/5 | 2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | ||
| Commission | per $1M turnover$20.00 | per 1 lot$5.00 |
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Markets and Products | 4.6/5 | 4.4/5 |
| Forex | 48 | 66 |
| Precious Metals | 3 | 7 |
| Energy Carriers | 3 | 3 |
| Indices | 13 | 14 |
| Stocks | 640 | 296 |
| Cryptocurrency | 11 | 11 |
| ETF | - | 21 |
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No soft commodities.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
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
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
Education
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
Gerchik & Co
The broker offers various educational materials, including courses, video lessons, a book, and even an educational mobile app.
Customer Support
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| Broker | FXTM | Gerchik & Co |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
FXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
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.
Comparisons of FXTM and Gerchik & Co with other brokers
Conclusion
When choosing between FXTM and Gerchik & Co, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FXTM or Gerchik & Co?
FXTM ranks higher than Gerchik & Co in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FXTM or Gerchik & Co?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FXTM or Gerchik & Co?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXTM and Gerchik & Co?
FXTM: MetaTrader 4, MetaTrader 5. Gerchik & Co: MetaTrader 5, MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with FXTM and Gerchik & Co?
FXTM: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Gerchik & Co: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXTM and Gerchik & Co?
FXTM: Micro, Advantage, Advantage Plus. Gerchik & Co: Zero, Mini, Simple, Silver, Gold, Platinum. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXTM and Gerchik & Co?
FXTM: Skrill, FasaPay, WebMoney, YooMoney, Qiwi, PayRedeem, Visa, Mastercard, Maestro, Альфа Банк, Dotpay. Gerchik & Co: Volet, Swift, SEPA, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXTM or Gerchik & Co — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
