Gerchik & Co vs IFC Markets 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 Gerchik & Co and IFC Markets
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Rating | 3.9/5 | 4.3/5 |
| Foundation Year | 2015 | 2005 |
| Regulated in Countries | Vanuatu | British Virgin Islands, Malaysia |
| Minimum Deposit |
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| Spread | from 0 points | from 0.4 points |
| Max Leverage | 1:100 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Gerchik & Co Review | IFC Markets Review |
Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses
IFC Markets is suitable for traders looking for various trading instruments and platforms but may not be ideal for those who require an ECN account.
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:
IFC Markets Review
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
IFC Markets is in the top 10 of the following ratings:
Reliability
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Reliability | 3.4/5 | 4.2/5 |
| Foundation Year | 2015 | 2005 |
| Regulated in Countries | Vanuatu | British Virgin Islands, Malaysia |
| Regulators | VFSC VFSC | BVIFSC BVIFSC LFSA LFSA |
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
IFC Markets
The broker demonstrates high reliability, confirmed by multi-jurisdictional regulation and professional indemnity insurance.
Pros
- Multi-jurisdictional regulation.
- Insurance against professional liability.
Cons
- Lack of regulation in countries with stricter requirements.
Account Opening
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Account Opening | 5/5 | 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.
IFC Markets
Opening an account with IFC Markets is relatively simple and convenient.
Account Types
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Account Types | 4/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.4 points |
| Max Leverage | 1:100 | 1:400 |
| 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
IFC Markets
IFC Markets offers a good selection of accounts that meet the requirements of various categories of traders, though there are some limitations.
Pros
- A wide selection of trading accounts.
- Swap-free accounts for Islamic traders.
- PAMM accounts available.
Cons
- Absence of STP and ECN accounts.
Commissions
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Commissions | 2/5 | 3/5 |
| Spread | from 0 points | from 0.4 points |
| Average Spread (EURUSD) | 1.4 | |
| Commission per Lot | $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
- No commission for fund withdrawal
- No inactivity fee
Cons
- High trading fees
IFC Markets
IFC Markets offers competitive spreads, but high swaps can make long-term trading difficult.
Deposit and Withdrawal
| Broker | Gerchik & Co | IFC 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.
IFC Markets
IFC Markets provides numerous methods for depositing and withdrawing funds without additional commissions, ensuring convenience and savings for traders.
Pros
- Wide choice of deposit and withdrawal methods.
- No broker commissions on financial transactions.
Cons
- Withdrawals can only be made through the same method as deposits.
- Withdrawal requests may take up to 2 business days to process.
Markets and Products
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 66 | 53 |
| Precious Metals | 7 | 7 |
| Energy Carriers | 3 | 4 |
| Indices | 14 | 12 |
| Stocks | 296 | 461 |
| ETF | 21 | 4 |
| Cryptocurrency | 11 | 14 |
| Soft Commodities | - | 16 |
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
IFC Markets
IFC Markets offers extensive financial instruments, providing flexibility for traders' diverse strategies.
Trading Platforms
| Broker | Gerchik & Co | IFC 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.
IFC Markets
The IFCM platforms include MT4, MT5, and the proprietary NetTradeX terminal, offering a broad selection with advanced features.
Analytics
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
Gerchik & Co
The analytical capabilities provided by Gerchik & Co appear to be very strong and multifunctional.
IFC Markets
IFCM provides a comprehensive analytical toolkit but lacks automated updates for economic news and some tools for self-analysis.
Education
| Broker | Gerchik & Co | IFC 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.
IFC Markets
The wealth and quality of educational resources presented by IFCM set the broker apart from competitors.
Customer Support
| Broker | Gerchik & Co | IFC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Skype
YouTube
Telegram
Facebook
Instagram
Whatsapp
Messenger
Twitter
LinkedInGerchik & 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.
IFC Markets
Customers highly rate the technical support of IFC Markets for its rapid and professional service, though it is unavailable 24/7.
