Gerchik & Co vs IC Markets Comparison
Compare trading conditions, commissions and platforms of Forex brokers Gerchik & Co and IC Markets. 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 - Gerchik & Co or IC Markets?
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.
Gerchik & Co
- Minimum deposit · USD
- 100 USD
- Different platforms
- None listed
- Different markets
- None listed
IC Markets
- Minimum deposit · USD
- 200 USD
- Different platforms
- cTrader
- TradingView
- Different markets
- Soft Commodities
- Bonds
Comparison Table of Gerchik & Co and IC Markets
Swipe the table left or right to view all data.
| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Foundation Year | 2015 | 2007 |
| Regulated in Countries | Vanuatu | Seychelles, Australia, Cyprus, Kenya |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:100 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Gerchik & Co Review | IC Markets Review |
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:
IC Markets Review
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
IC Markets is in the top 10 of the following ratings:
Reliability
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Reliability | 3.4/5 | 5/5 |
| Foundation Year | 2015 | 2007 |
| Regulated in Countries | Vanuatu | Seychelles, Australia, Cyprus, Kenya |
| 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
- Member of the FinaCom
- Quality of service confirmed by Verify My Trade
Cons
- Only a license from an offshore regulator
IC Markets
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.
Account Opening
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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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.
IC Markets
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.
Account Types
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Account Types | 4/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:100 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| 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
- STP accounts
- Contests on demo accounts
- Availability of TIMA accounts
Cons
- No cent accounts
- No accounts with fixed spreads
IC Markets
IC Markets' accounts are mainly aimed at experienced and professional traders.
Pros
- ECN accounts
- Ability to copy trades
- Access to VPS
Cons
- No cent accounts
- No fixed spread accounts
Commissions
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Commissions | 2/5 | 4.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.62 | |
| Commission | per 1 lot$5.00 | per 1 lot$3.50 |
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
IC Markets
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.
Deposit and Withdrawal
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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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.
IC Markets
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.
Markets and Products
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 66 | 61 |
| Precious Metals | 7 | 7 |
| Energy Carriers | 3 | 5 |
| Indices | 14 | 25 |
| Stocks | 296 | 2175 |
| ETF | 21 | 38 |
| Cryptocurrency | 11 | 21 |
| Soft Commodities | - | 8 |
| Bonds | - | 10 |
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
IC Markets
IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.
Trading Platforms
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Trading Platforms |
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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.
IC Markets
IC Markets provides powerful and functional trading platforms suitable for various trader categories.
Analytics
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
IC Markets
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.
Education
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
Gerchik & Co
The broker offers various educational materials, including courses, video lessons, a book, and even an educational mobile app.
IC Markets
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.
Customer Support
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| Broker | Gerchik & Co | IC Markets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
| Email Support | ||
| Hotline Phones | ||
| 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.
IC Markets
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.
Pros
- Positive reviews about professional support
- Multiple channels for support communication
- Support is available 24/7
Cons
- Only international call option is available
Comparisons of Gerchik & Co and IC Markets with other brokers
Conclusion
When choosing between IC Markets 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: Gerchik & Co or IC Markets?
IC Markets 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: Gerchik & Co or IC Markets?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Gerchik & Co or IC Markets?
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 Gerchik & Co and IC Markets?
Gerchik & Co: MetaTrader 5, MetaTrader 4. IC Markets: MetaTrader 5, MetaTrader 4, cTrader, TradingView. See the “Platforms” section for details and selection tips.
What markets can you trade with Gerchik & Co and IC Markets?
Gerchik & Co: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. IC Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Gerchik & Co and IC Markets?
Gerchik & Co: Zero, Mini, Simple, Silver, Gold, Platinum. IC Markets: Standard, Raw Spread cTrader, Raw Spread. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Gerchik & Co and IC Markets?
Gerchik & Co: Volet, Swift, SEPA, Visa, Mastercard. IC Markets: PayPal, Neteller, Skrill, Bpay, FasaPay, Klarna, Swift, SEPA, Visa, Mastercard, UnionPay, POLi, Rapidpay. Check method-specific fees/settlement times.
Which broker is safer — Gerchik & Co or IC Markets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
