Gerchik & Co vs IC Markets Comparison

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.

IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.

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.

The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.

Gerchik & Co provides an acceptable choice of trading accounts, making it attractive for traders with different levels of experience and investment goals.

IC Markets' accounts are mainly aimed at experienced and professional traders.

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.

IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.

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.

IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.

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.

IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.

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.

IC Markets provides powerful and functional trading platforms suitable for various trader categories.

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

IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.

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

IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.

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.

IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.