Gerchik & Co – Review of well-known forex brokers

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Gerchik & Co – overview of forex trading platform

вњ… This Trading Platform is available in Singapore

Choosing a brokerage company that provides an opportunity to make money in the global financial market is not an easy task even for experienced traders. Pursuing the search for a trading platform that will meet the requirements of potential customers, they have to study a huge number of offers of cooperation from different participants in online trading. And in this case, a large selection of brokerage companies greatly complicates this procedure.

Many traders solve the task, dividing it into several stages. First, they compile a list of promising companies (based on expert reviews, online advertising, the position of a broker’s web resource in search engines, etc.). After that, they analyze the activities of the most promising companies, and then study the “black lists” of financial market participants. If the broker does not appear in them, then you can register an account. Consider how the above analysis is carried out using the example of Gerchik & Co, a service of interest, both for newbies and experienced traders.

Key performance indicators Gerchik & Co

One of the main advantages of the broker in question is the fact that its creators used to be professional traders. That is, they know well what customers of trading platforms need, what services they are interested in, what traders’ activity depends on, etc. The practical experience of the company’s co-owners allows them to accurately identify the problems that their customers face and gives them the necessary assistance .

Gerchik & Co Security

When choosing an application for Gerchik & Co, the creators of this service were guided by such indicators as the preservation of customers’ personal information and the safe execution of all financial transactions on the broker’s web resource. To do this, they used the well-known platform MT4.

Convincing evidence of the reliability of the trading platform can be considered the fact that the company has been operating since 2020 (registered in Belize) and continues to evolve today. Users of the resource have the ability to control the situation on the presented site using mobile devices. System Risk Manager is designed to minimize the losses of traders, this trading platform allows you to limit the amount of financial losses, while maintaining customer deposits.

Expanding the standard features of PAMM-accounts, resource developers created a unique tool for investment TIMA-account (by adding an automatic risk management unit). That also increased the level of security and investment attractiveness of this resource.

Gerchik & Co Regulator

When registering for Gerchik & Co login, many users are guided by the fact that the broker company in question is licensed to provide financial services. That is, in the event of any problems or disputes, you can always contact the staff of the Commission on International Financial Services (IFSC, Belize). But not all participants of online trading have a positive attitude towards this organization. Of course, every trader, broker or investor has the right to his own opinion, but it is not clear what causes distrust of the institution in question. The Commission regulates the activities of financial institutions for about 20 years, it periodically checks their work and reporting documentation, and one of the conditions for obtaining an IFSC license is the presence of a share capital of 100 thousand dollars.

Training at Gerchik & Co

On the official resource of the brokerage company, users will find a whole section devoted to the education of novice traders – “Training Gerchik” (one of the creators of the project). Here you will see a huge number of a variety of courses and training materials that allow you to get the necessary theoretical training and understand how global financial markets operate.

The website also contains information about the capabilities of the MT4 platform, materials on online trading, investments, recommendations on creating your own trading strategies. For experienced traders, the administration of the service conducts webinars, posting economic news and provides analytical information.

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After theoretical training, site users can test their knowledge in practice. A demo account posted on Gerchik & Co allows you to do this without risking your own financial savings.

The main requirements of Gerchik & Co administrators to their customers

The main features of different types of trading accounts are presented in the following table.

Title Mini Simple Silver Gold Platinum
Minimum deposit amount, $ 500 1000 10000 25000 100000
Spread from 0.3 0 0 0 0
Minimum lot 0.01 0.1 0.1 0.1 0.1
Leverage 1:100 1:100 1:100 1:100 1:100
Lot fee, $ 10 10 9 8 7
Seminars and webinars + + + + +
Educational course + + + + +
Trader statistics + + + +
Creating an individ. robots + +
Risk management + + + + +

Studying reviews compiled about Gerchik & Co, we can conclude that not every novice trader will decide to invest $ 500 in an unknown project. Creators of the resource need to think about the possibility of reducing the amount of the first deposit.

Gerchik & Co Trading Terms

в—Џ The amount of the minimum deposit – $500.

в—Џ The minimum lot is 0.01.

в—Џ Account currency – US dollar.

в—Џ Promotions and contests – are provided.

в—Џ Affiliate program – there is.

в—Џ Support service – works around the clock.

в—Џ Spreads – from 0 pp.

Deposit trading and withdrawal of funds Gerchik & Co

Most experienced traders about depositing and withdrawing funds leave positive comments about Gerchik & Co. To accomplish this task most often used:

в—Џ Known cryptocurrencies (BTC, Ripple, Ethereum, etc.).

в—Џ Credit and debit cards.

Gerchik & Co trading Instruments

The broker company in question provides its users with the opportunity to enter into transactions using: currency pairs (Forex market), metals and CFD contracts.

Gerchik & Co review

On-line since: 2020
Country of origin: Belize
Regulation: IFSC
Payment options: VISA, MasterCard, wire transfer, OKPay, QIWI, LavaPay, Wallet One, Bitcoin
Minimum account size: $1000
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: from 0 pips

About the company:

Gerchik & Co is a brokerage company founded by popular Russian trader Alexander Gerchik. Alexander started his career in 2000 giving the Active Trading Course seminars.

Gerchik & Co established in 2020 is targeted at the CIS market. The company provides access to online trading of currencies and other financial instruments. Besides, the broker offers its clients to invest to the TIMA accounts and get a passive income. The TIMA account is a trusted investment account, which is based on principles of PAMM investments. Moreover, traders can choose from 58 currency pairs and 14 CFDs. Trading is performed via the MetaTrader4 trading platform.

Gerchik & Co offers the following trading conditions: the minimum deposit from $1,000, the minimum lot size of 0.1, and the leverage of 1:200. Moreover, opening an account traders get access to the company’s free services, including Trader’s Data Diary, LevelForecast Indicator, and the Risk Management program designed to save traders’ deposits.

Besides, the broker’s clients can benefit from analytical reviews, market news, and market analysis videos created by Alexander Gerchik. Moreover, traders can make use of video courses and other educational materials on Forex trading in Alexander Gerchik’s blog.

Gerchik & Co

Brief info about the broker
Name of the company: Gerchik & Co
Minimum deposit: $100
Trading platform: MetaTrader 4
Spread: floating, from 0 points
Demo account:
Scalping:
Official website: https://gerchikco.com/

About

Gerchik & Co is a Forex brokerage company founded in 2020 by Alexander Gerchik — a famous trader who started his career in the USA in 1999. Starting 2003 he is a managing partner in a major brokerage company, and starting 2020 he is the head manager of trading operations at FINAM (investment holding).

Sure, it is a major step for Alexander Gerchik to establish his own brokerage company, as his good name earned over many years of trading the currency market is at stake. It allows traders and investors to hope that the new broker really turns out to be a reliable financial partner.

Regulation

The broker’s website offers no information as for regulation by any non-commercial organization. According to Alexander Gerchik, in the future the company plans to receive a European license. And so far the clients can hope only for the good name of a well-known trader and for the fact that in a single year after its foundation Gerchik & Co has won 2 awards: “Breakthrough of the Year” (according to “Russian Trading Day Money” traders’ voting) and “The Fastest Developing Broker” (according to Mena 15th Forex Show).

Innovative Services

Gerchik & Co founders put emphasis on innovations and progress. The broker offers its clients innovative services on the Forex market:

Trader’s statistics — it is an unparalleled service, an online diary allowing to perform financial analysis of your trading and find its strengths and weaknesses. Statistics is shown as tables and diagrams allowing to set various filters. Data can be added automatically as well as manually.

TIMA-account — Trusted Investments Management Account, an investments management account with automatic risk management.

In addition, the website announces such services as ROBOX (service to create trading packages) and improved Risk-manager service.

Investment

The broker offers an innovative investment service named TIMA-account. The service is virtually similar to standard PAMM-account or trust management, but it differs with its strict rules of risk management. At Gerchik & Co “risk-manager” program supposes that if a managing trader loses control over the situation, he cannot perform trades in order not to put the investors’ funds at risk.

Investor choses the managing trader by himself to multiply investor’s funds and concludes an offer contract that determines all conditions of cooperation. Then the trader uses the investor’s funds to execute Forex trades and make profit, and the investor gets passive income with no efforts.

Types of Accounts

Gerchik & Co offers 5 types of live accounts: Mini, Simple, Silver, Gold, and Platinum. Every single type differs with its deposit amount, conditions, and benefits.

Beginners can start with Mini account with minimum deposit $500, spread from 0.3 points, webinars, and “risk-manager” program. Simple account (from $1000) offers spread from 0 points and additional services — trader’s statistics and algotrading (a type of auto trading).

Silver-account (starting with $10 000) differs from Simple account only with the commission amount for every traded lot (9 USD instead of 10 USD), Gold account (from $20 000) offers $8 commission, and on Platinum account (starting with $100 000) $7 commission is charged for every traded lot. Additionally, the owner of the Platinum account has a right to develop trading robots and receive advice from Alexander Gerchik personally.

Maximum leverage is the same for every type of accounts (1:100), and none of the accounts offer bonuses.

Education of Beginners

Gerchik & Co presents itself as a professional Forex company, yet it pays attention to education of beginners. Beginners can use such educational materials as articles about Forex, demo account allowing to try out trading and test your trading strategy, and free webinars dedicated to live Forex trading and smart investment.

Actions and Contests

Gerchik & Co Company makes efforts for their clients’ trading to be more profitable, and in particular thanks to quality analytics. So the broker holds the “Contest of Analytics” accepting any trader with good knowledge and skills of market analysis. Three winners will receive positions of analysts at Gerchik & Co and other prizes.

Deposit and Withdrawal of Funds

Clients can deposit and withdraw funds using MasterCard/Visa, Epayments, OKpay, and other popular methods of electronic payments.

Conclusions

Gerchik & Co brokerage company is a young and quite interesting Forex broker that offers innovative services and beneficial trading conditions. Among shortcomings we can mention that the company is not regulated, and some services are still to be finalized. But nevertheless, Gerchik & Co can be reckoned as a promising company appealing for both traders and investors.

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