Gerchik & Co vs GMG Markets Comparison

Last updated May 30, 2025
Gerchik & Co LogoGerchik & Co
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
GMG Markets LogoGMG Markets
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

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 Gerchik & Co and GMG Markets

BrokerGerchik & CoGMG Markets
Rating
3.9/5
3.9/5
Foundation Year20152015
Regulated in CountriesVanuatuUnited Kingdom
Minimum Deposit
  • 100 USD
  • 200 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:1001:30
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
ReviewGerchik & Co Review GMG Markets Review

Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses

GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.

Gerchik & Co Review

Gerchik & Co Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks ETF Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare Gerchik & Co trading accounts

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

  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 is in the top 10 of the following ratings:

GMG Markets Review

GMG Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices
Trading Platforms
MetaTrader 5
compare GMG Markets trading accounts

GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.

This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:100 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.

Pros and Cons of GMG Markets

Pros

  1. Robust regulation — FCA license, segregated accounts, FSCS protection.
  2. Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
  3. MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
  4. VPS hosting — complimentary with required monthly turnover.
  5. 24/5 tech support — chat, phone, and e-mail typically respond within minutes.

Cons

  1. Limited instrument selection — only Forex, a few indices, and commodities.
  2. Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
  3. Minimum deposit of $200 — higher than brokers offering cent/micro accounts.
  4. No e-wallets or cryptocurrencies available for transactions.
  5. Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.

Reliability

BrokerGerchik & CoGMG Markets
Reliability
3.4/5
5/5
Foundation Year20152015
Regulated in CountriesVanuatuUnited Kingdom
Regulators

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

  1. Member of the FinaCom
  2. Quality of service confirmed by Verify My Trade

Cons

  1. Only a license from an offshore regulator

GMG Markets

Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.

Pros

  1. FCA License — Tier-1 regulator
  2. Funds segregation + FSCS compensation up to £85,000
  3. STP/NDD model without dealer intervention

Cons

  1. Single jurisdiction (FCA), no additional licenses

Account Opening

BrokerGerchik & CoGMG Markets
Account Opening
5/5
4.5/5
Minimum Deposit
  • 100 USD
  • 200 USD

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.

GMG Markets

GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day. However, a $200 deposit and extensive KYC may deter beginners.

Pros

  1. Online registration in 5–7 minutes
  2. Document verification within 1 day

Cons

  1. Minimum deposit of $200
  2. Detailed KYC form

Account Types

BrokerGerchik & CoGMG Markets
Account Types
4/5
3.8/5
Trading Accounts
  • Zero
  • Mini
  • Simple
  • Silver
  • Gold
  • Platinum
  • Standard
  • RAW Spread
Minimum Deposit
  • 100 USD
  • 200 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:1001:30
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
Demo Account
Swap-free Account

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

  1. STP accounts
  2. Contests on demo accounts
  3. Availability of TIMA accounts

Cons

  1. No cent accounts
  2. No accounts with fixed spreads

GMG Markets

Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.

Pros

  1. Commission-free Standard, and zero-spread Raw account
  2. Islamic account and spread-betting options for niche segments
  3. Complimentary VPS with required turnover

Cons

  1. No cent/fixed-spread account
  2. Lack of copy trading, PAMM, contests

Commissions

BrokerGerchik & CoGMG Markets
Commissions
2/5
3.5/5
Spreadfrom 0 pointsfrom 0 points
Average Spread (EURUSD)1.2
Commission per Lot$5$3.5

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

  1. No commission for fund withdrawal
  2. No inactivity fee

Cons

  1. High trading fees

GMG Markets

GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.

Pros

  1. No inactivity fees
  2. Free deposits and withdrawals

Cons

  1. Swaps are above average

Deposit and Withdrawal

BrokerGerchik & CoGMG Markets
Rating
5/5
4/5
Account Funding Methods
  • AdvCash
  • Perfect Money
  • Swift
  • SEPA
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard

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.

GMG Markets

Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.

Pros

  1. Commission-free transactions
  2. Instant card funding

Cons

  1. No e-wallets
  2. No cryptocurrencies

Markets and Products

BrokerGerchik & CoGMG Markets
Markets and Products
4.4/5
2.5/5
Forex6664
Precious Metals713
Energy Carriers33
Indices1417
Stocks296-
ETF21-
Cryptocurrency11-

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

  1. Good choice of currency pairs
  2. Stocks from the US, Europe, and the UK are available

Cons

  1. No exchange-traded commodities

GMG Markets

The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.

Pros

  1. 64 currency pairs
  2. Major indices and metals

Cons

  1. No CFDs on stocks
  2. No cryptocurrencies
  3. Limited commodity selection

Trading Platforms

BrokerGerchik & CoGMG Markets
Rating
4/5
3.5/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5

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.

GMG Markets

The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.

Pros

  1. Fully featured MT5
  2. Desktop, web, and mobile applications

Cons

  1. No MT4, cTrader, TradingView
  2. Essentially a single platform option

Analytics

BrokerGerchik & CoGMG Markets
Rating
5/5
3/5

Gerchik & Co

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

GMG Markets

Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.

Pros

  1. Complimentary Autochartist
  2. Market news

Cons

  1. No proprietary research
  2. Weak fundamental analysis

Education

BrokerGerchik & CoGMG Markets
Rating
5/5
4/5

Gerchik & Co

The broker offers various educational materials, including courses, video lessons, a book, and even an educational mobile app.

GMG Markets

The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.

Pros

  1. Regular free webinars
  2. Novice-oriented article base
  3. Recordings available 24/7

Cons

  1. No advanced courses
  2. No podcasts or multilingual programs

Customer Support

BrokerGerchik & CoGMG Markets
Rating
5/5
4.5/5
Email Support
  • support@gerchik.co
  • info@gmgmarkets.co.uk
Hotline Phones
  • +380800210216
  • +77273505977
  • +37052596216
  • +442033184201
  • +4402038653306
Social Media

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.

GMG Markets

The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.

Pros

  1. Online chat and phone support 24/5
  2. Rapid response
  3. Competent representatives

Cons

  1. No weekend support
  2. Delays during peak demand

Comparisons of Gerchik & Co and GMG Markets with other brokers

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.