Gerchik & Co Forex Broker

Gerchik & Co Forex Broker - Complete Information Guide

1. Broker Overview

Gerchik & Co, established in 2015, is a prominent brokerage firm that has made a significant mark in the international financial market. The company is headquartered in Port Vila, Vanuatu, and operates as a private entity. Gerchik & Co primarily serves a diverse clientele, focusing on traders from Russia, Ukraine, and other CIS countries, while also expanding its reach globally.

The firm was founded by Oleksandr Gerchik, a well-known trader with over 20 years of experience in the financial markets, who gained fame through his appearances on the Russian TV show "Wall Street Warriors." Since its inception, Gerchik & Co has experienced rapid growth, being recognized as the fastest-growing broker at the MENA Forex Expo in 2015. The company aims to provide a safe and transparent trading environment, emphasizing essential risk management tools.

Gerchik & Co operates mainly in the retail forex and CFD trading sectors, offering various financial services that include proprietary trading and educational resources for traders. The firm has established a reputation for its structured trading model, which includes a two-phase challenge system for traders looking to access company capital.

2. Regulation and Compliance Information

Gerchik & Co is regulated by the Vanuatu Financial Services Commission (VFSC), holding the license number 40512. Additionally, it is licensed by the Financial Services Commission of Mauritius (FSC), with the license number GB 20025814. The regulatory licenses allow Gerchik & Co to provide a broad range of investment services to its clients.

The company adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that client identities are verified and that transactions are monitored to prevent illicit activities. Client funds are kept in segregated accounts, providing an extra layer of security and ensuring that traders' investments are protected.

Furthermore, Gerchik & Co is a member of the Financial Commission, which offers independent dispute resolution and compensation of up to €20,000 per claim from its dedicated fund. This membership reinforces the company's commitment to safeguarding client interests and maintaining a transparent trading environment.

3. Trading Products and Services

Gerchik & Co offers an extensive range of trading products, featuring over 530 trading instruments. Traders can access a variety of forex currency pairs, including major, minor, and exotic pairs. The company also provides CFD products across various categories, such as:

• Indices: Access to major global indices.
• Commodities: Trading opportunities in raw materials.
• Stocks: CFDs on shares of top companies.
• Cryptocurrencies: Options to trade popular cryptocurrencies.

The firm frequently updates its product offerings, ensuring that traders have access to the latest market trends and instruments. Gerchik & Co caters to both retail traders and institutional clients, offering tailored services that meet diverse trading needs. Additionally, the company provides white label solutions and asset management services for institutional clients.

4. Trading Platforms and Technology

Gerchik & Co supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are available for desktop and mobile devices. These platforms are known for their user-friendly interfaces and robust trading tools, enabling traders to execute trades efficiently.

The broker employs an ECN (Electronic Communication Network) execution model, ensuring that trades are processed directly with liquidity providers, resulting in better pricing and faster execution times. The company's servers are located in the Equinix LD4 data center, utilizing the latest technology to provide high-speed order execution.

While Gerchik & Co does not offer a proprietary trading platform, the integration of MT4 and MT5 provides traders with advanced charting capabilities, technical indicators, and automated trading options through Expert Advisors (EAs). The broker also supports API access for traders interested in algorithmic trading.

5. Account Types and Trading Conditions

Gerchik & Co provides various account types to cater to different trading styles and experience levels. The main account types include:

• Mission Account: Requires a minimum deposit of $59, with spreads starting from 0.0 pips and a commission structure.
• Tradex Account: Offers a minimum deposit of $59, with competitive spreads and commissions.

Each account type features specific trading conditions, including leverage ratios that can reach up to 1:100. The minimum trade size is 0.01 lots, and overnight fees are applicable based on the positions held.

The firm also offers a demo account for traders to practice their strategies without risking real capital. The leverage options and commission structures vary depending on the account type, allowing traders to select the most suitable conditions for their trading strategies.

6. Funds Management

Gerchik & Co supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, with some accounts starting as low as $59.

Deposits are typically processed quickly, often within one business day, while withdrawal requests are handled within one to two business days. The broker does not charge fees for deposits, but withdrawal fees may apply depending on the method used, including:

• 0% via Sharpay
• 2% via Mastercard
• €20 via SEPA
• 0.5% via Volet and cryptocurrencies

Traders should be aware of the minimum withdrawal limits, which vary by payment method, ensuring that they can access their funds efficiently.

7. Customer Support and Educational Resources

Gerchik & Co offers robust customer support through various channels, including telephone, email, and live chat. The support team is available from 09:00 to 18:00 (UTC +2 / UTC +3), providing assistance in multiple languages, including English and Russian.

The broker emphasizes education, offering a wealth of resources such as webinars, tutorials, and market analysis services. Traders can access a range of tools, including trading calculators and economic calendars, to enhance their trading experience and make informed decisions.

8. Regional Coverage and Restrictions

Gerchik & Co primarily serves clients in Russia, Ukraine, and other CIS countries, with a growing presence in international markets. The company has multiple regional offices, facilitating better service delivery to its clients.

However, the broker does not accept clients from certain jurisdictions, particularly those with stringent financial regulations, including the USA, UK, and parts of Europe. This limitation may affect traders looking to engage with Gerchik & Co from these regions.

In summary, Gerchik & Co is a reputable forex broker that offers a wide range of trading products and services, backed by robust regulatory compliance and a commitment to client education and support. With its competitive trading conditions and diverse account options, it caters to both novice and experienced traders in the global financial market. As a gerchik co broker, it continues to grow and adapt to the evolving needs of its clientele.