Gerchik & Co 2025 Review: Everything You Need to Know
Gerchik & Co has emerged as a significant player in the forex brokerage space since its inception in 2015. This review synthesizes various insights from user experiences and expert analyses to provide a comprehensive overview of the broker's offerings, strengths, and weaknesses. Notably, the broker is recognized for its competitive spreads and educational resources, but it also faces scrutiny regarding its regulatory status and user complaints.
Note: It is essential to consider the broker's various operational entities across different regions, as this can impact regulatory oversight and user experience. The information presented here aims for fairness and accuracy.
Rating Overview
We evaluate brokers based on user feedback, expert opinions, and factual data from reliable sources.
Broker Overview
Founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny, Gerchik & Co primarily targets clients in the Commonwealth of Independent States (CIS) and has expanded its reach to European markets. The broker operates using well-known trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing for a robust trading experience. Gerchik & Co offers a wide range of tradable assets, including forex, CFDs on stocks, commodities, and cryptocurrencies. The broker is registered with the Vanuatu Financial Services Commission (VFSC) and is a member of the International Financial Commission, which provides some level of consumer protection.
Detailed Breakdown
Regulated Geographical Areas:
Gerchik & Co is primarily regulated in Vanuatu, which is often viewed as a less stringent regulatory environment compared to jurisdictions like the UK or Australia. This raises concerns about the brokers trustworthiness, as many experts recommend choosing brokers regulated by more reputable authorities such as the FCA or ASIC.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker supports deposits and withdrawals in multiple currencies, including USD and EUR. Additionally, it accepts various cryptocurrencies such as Bitcoin, Ethereum, and Tether, providing flexibility for users who prefer digital assets.
Minimum Deposit:
The minimum deposit requirement for opening an account with Gerchik & Co is $100, which is relatively accessible compared to many brokers. However, some reviews suggest that this amount may still be high for beginner traders who are not ready to invest significant capital.
Bonuses/Promotions:
Gerchik & Co has been noted for its limited promotional offerings, with few bonuses available. Some sources indicate that the broker runs contests for demo accounts, but these promotions are not as robust as those offered by competitors.
Tradable Asset Categories:
The broker provides access to over 360 trading instruments, including more than 60 currency pairs, various commodities, indices, and stocks. This diverse selection allows traders to explore different markets and strategies.
Costs (Spreads, Fees, Commissions):
Gerchik & Co offers competitive spreads, particularly for its higher-tier accounts, where spreads can start from 0 pips. However, the broker charges a commission ranging from $7 to $10 per lot, depending on the account type. Some user reviews have raised concerns about the accuracy of quotes provided by the broker, which could affect trading performance.
Leverage:
The maximum leverage offered by Gerchik & Co is 1:100, which is considered low compared to many other brokers that provide leverage ratios of up to 1:500 or more. This conservative approach may be beneficial for risk management but could limit profit potential for experienced traders.
Allowed Trading Platforms:
Gerchik & Co supports trading on MT4 and MT5, both of which are popular among traders for their advanced charting tools and automated trading capabilities. However, the absence of a proprietary trading platform may deter some traders looking for unique features.
Restricted Regions:
The broker does not accept clients from several countries, including the USA, Canada, and Japan, which may limit its accessibility for some traders.
Available Customer Support Languages:
Customer support is available in multiple languages, including English and Russian. Users can reach out for assistance via email, phone, or live chat, though some reviews indicate that support is only available during specific hours.
Repeated Rating Overview
Detailed Analysis of Ratings
Account Conditions (7.5):
Gerchik & Co offers several account types tailored to different trader profiles, including options for beginners and experienced traders. However, the minimum deposit requirement may be a barrier for novice traders.
Tools and Resources (8.0):
The broker provides a wealth of educational resources, including webinars and articles, which can be valuable for traders looking to improve their skills. The "Risk Manager" tool is particularly noteworthy for its ability to help traders manage their capital effectively.
Customer Service and Support (6.5):
While the broker offers various support channels, the limited availability of customer service hours could be a drawback for traders in different time zones.
Trading Setup (7.0):
The trading experience is enhanced by the use of popular platforms like MT4 and MT5. However, the lack of a proprietary platform may limit customization options for some traders.
Trustworthiness (5.5):
The regulatory status of Gerchik & Co is a significant concern. While it is registered with the VFSC, the lack of stricter oversight raises questions about fund safety and dispute resolution.
User Experience (6.0):
User reviews are mixed, with some praising the broker's educational resources and trading conditions, while others express concerns about withdrawal issues and quote accuracy.
In conclusion, while Gerchik & Co presents several attractive features for traders, including competitive spreads and a variety of educational resources, potential clients should weigh these benefits against the broker's regulatory status and user feedback. As always, conducting thorough research and considering your trading goals and risk tolerance before choosing a broker is crucial.
