A solid choice for traders seeking diverse assets and MT4/MT5
Gerchik & Co suits traders who value a wide selection of instruments and prefer the MetaTrader platforms. Its strongest advantage is the extensive range of over 1560 tradable assets, including a vast number of stock and ETF CFDs. The main compromise is its reliance on Tier-3 offshore regulation and the presence of various deposit and withdrawal fees. Overall, Gerchik & Co is a viable option for experienced traders comfortable with offshore regulation and varied payment costs.
- 1560+ trading assets, including 103 FX pairs
- Offers both MetaTrader 4 and MetaTrader 5
- Supports Expert Advisors and copy trading
- Provides negative balance protection
- No inactivity fees charged
- Low minimum deposit for Zero Account
- Regulated by Tier-3 offshore authorities
- Deposit and withdrawal fees apply to many methods
- Withdrawal processing can take up to 14 days for cards
| Regulation | VFSC, FSC Mauritius |
| Founded | 2015 |
| Headquarters | Vanuatu |
| Minimum Deposit | $10 |
| Maximum Leverage | 1:500 |
| US Clients | Not accepted |
| EUR/USD Spread | From 0.0 pips |
| Trading Platforms | MT4, MT5 |
| Instruments | 1560+ |
| Deposit Methods | Cards, Bank, E-wallets, Crypto |
| Withdrawal Time | Same-day to 14 days |
| Customer Support | 24/5 Multilingual |
| Website | gerchik.co |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
We assess brokers across key areas like regulation, fees, platforms, instruments, and funding. Each category receives a score out of 5.0, reflecting its strengths and weaknesses, which then contributes to an overall average rating.
Is Gerchik & Co Regulated & Safe?
Gerchik & Co operates under two Tier-3 offshore regulators: the Vanuatu Financial Services Commission (VFSC) and the Financial Services Commission of Mauritius (FSC Mauritius). While these provide a regulatory framework, they offer less stringent oversight compared to Tier-1 authorities. The broker does implement client fund segregation and negative balance protection, enhancing client safety measures. However, a past warning from Ukraine’s NSSMC regarding unlicensed operations in that region is noteworthy.
- Regulator
- VFSC, FSC Mauritius
- License Number
- 40512 (VFSC), GB 20025814 (FSC Mauritius)
- Tier
- Tier 3
- Client Fund Segregation
- Yes
- Compensation Scheme
- Finacom up to €20,000
- Negative Balance Protection
- Yes
- Founded
- 2015
- Headquarters
- Vanuatu
Ukraine's National Securities and Stock Market Commission (NSSMC) flagged Gerchik & CO for offering financial services to Ukrainian consumers without the required local license. This indicates a potential risk for traders in jurisdictions where the broker is not locally licensed.
Always verify a broker's regulatory status in your specific region to ensure you have appropriate investor protections.
This broker does not accept clients from the United States.
Fees, Spreads & Commissions
Gerchik & Co offers a mixed fee structure, combining commission-free trading with wider spreads on its Zero Account and raw spreads with commissions on its Premium Account. While the spreads can be very competitive, especially on the Premium Account, traders should account for various deposit and withdrawal fees. The broker does not charge an inactivity fee, which is a positive compared to some industry peers.
| Instrument | Premium Account | Zero Account |
|---|---|---|
| EUR/USD | 0.0 + $8/lot | 1.0 + $0/lot |
| GBP/USD | 0.0 + $8/lot | 1.0 + $0/lot |
| USD/JPY | 0.0 + $8/lot | 1.0 + $0/lot |
| Gold XAUUSD | 0.0 + $8/lot | 1.0 + $0/lot |
While Gerchik & Co states it doesn't charge fees for replenishments or withdrawals, payment systems often do, with some card deposits incurring up to 2.8% and bank transfers up to €20.
At Gerchik & Co, swaps are automatically executed at the daily server rollover mark (00:00 MT4/MT5 Server Time, which corresponds to 17:00 EST / 22:00 UTC).
Account Types Explained
Gerchik & Co offers two primary account types: the Zero Account for beginners and the Premium Account for more experienced traders. The Zero Account is accessible with a low minimum deposit and offers commission-free trading, while the Premium Account provides tighter spreads with a higher deposit requirement. Both accounts use dynamic leverage and support USD and EUR as base currencies.
- Intended for beginner traders
- Commission-free Forex trading
- Low minimum deposit
- Professional trading conditions
- Raw spreads from 0.0 points
- Suitable for large trading volumes
Account Comparison
| Feature | Zero Account | Premium Account |
|---|---|---|
| Min Deposit | $/€ 10 | $/€ 3000 |
| Spread From | 1.0 point | 0.0 points |
| Commission | $0 per 1 lot (Forex) | $8 per 1 lot (Forex) |
| Max Leverage | 1:500 | 1:500 |
| Instruments | Forex, Stocks & Equity CFDs, Cryptocurrency CFDs, Precious Metals, Stock Indices, Commodities & Energies, ETFs | Forex, Stocks & Equity CFDs, Cryptocurrency CFDs, Precious Metals, Stock Indices, Commodities & Energies, ETFs |
| Account Currency | USD / EUR | USD / EUR |
Gerchik & Co provides a demo account option, allowing traders to practice strategies and familiarize themselves with the platform without risking real capital.
Trading Platforms & Tools
Gerchik & Co primarily offers the popular MetaTrader 4 and MetaTrader 5 platforms, catering to a wide range of traders. These platforms are available across desktop, web, and mobile, ensuring accessibility. Both MT4 and MT5 support algorithmic trading via Expert Advisors and offer copy trading through MetaQuotes Signals. The inclusion of various analytical tools further enhances the trading experience.
Platform Feature Comparison
| Feature | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Platform Type | Desktop, Mobile | Desktop, Web, Mobile |
| Expert Advisors | Yes | Yes |
| Copy Trading | MetaQuotes Signals | MetaQuotes Signals |
| Chart Types | Yes | Yes |
| One-Click Trading | Yes | Yes |
Deposits & Withdrawals
Gerchik & Co provides a broad array of funding methods, including bank cards, bank transfers, e-wallets, and cryptocurrencies. While the minimum deposit is accessible at $10, traders should be aware of potential fees charged by payment systems, which can vary significantly. Withdrawal processing times range from same-day for e-wallets to up to 14 days for bank cards, impacting liquidity management.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Mastercard | Up to 1 business day | 1 to 14 days | Deposit: 2.8%, Withdrawal: 2% |
| Visa | Up to 1 business day | Not disclosed | Deposit: 2.8%, Withdrawal: 2% |
| SEPA Bank Transfer | Same-day | 3 business days | Deposit: 5 EUR + 0.15%, Withdrawal: €20 |
| SharPay | Same-day | Same-day | Deposit: 0%, Withdrawal: 0% |
| Volet | Same-day | Same-day | Deposit: 0%, Withdrawal: 0.5% |
| Bitcoin | Same-day | Blockchain commission | Deposit: 0.75%, Withdrawal: Blockchain commission |
| Tether | Same-day | Blockchain commission | Deposit: 0.75%, Withdrawal: Blockchain commission |
Always review the specific fees and processing times for your preferred payment method before initiating a deposit or withdrawal to avoid unexpected costs or delays.
Education, Research & Analysis
Gerchik & Co offers a decent range of educational and research resources, aiming to support both new and experienced traders. The broker provides structured training courses, video analytics, and webinars, which can be valuable for skill development. Additionally, it includes essential market analysis tools like an economic calendar and financial news, alongside proprietary risk management and strategy development tools.
Gerchik & Co provides a solid educational foundation for new traders and useful analytical tools for more experienced ones. The combination of training courses, video content, and specialized risk management tools makes its offering quite comprehensive.
Frequently Asked Questions
Is Gerchik & Co a regulated and legitimate forex broker for trading?
Gerchik & Co is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40512 and the Financial Services Commission of Mauritius (FSC Mauritius) with license GB 20025814. These are Tier-3 offshore regulators, providing a recognized but less stringent oversight compared to top-tier authorities. The broker also offers client fund segregation and negative balance protection.
What is the minimum deposit required to open a trading account with Gerchik & Co?
The minimum deposit to open a Zero Account with Gerchik & Co is $/€ 10. For the Premium Account, which offers tighter spreads, the minimum deposit requirement increases to $/€ 3000.
What are the typical spreads and commissions on Gerchik & Co's trading accounts?
Gerchik & Co’s Zero Account offers floating spreads starting from 1.0 point with no commission on Forex. The Premium Account provides floating spreads from 0.0 points, but charges a commission of $8 per 1 lot traded on Forex.
What trading platforms does Gerchik & Co offer to its clients for forex and CFD trading?
Gerchik & Co offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These are available across various operating systems, including Windows, MAC, iOS, and Android, with MT5 also featuring a WebTerminal option. Both platforms support Expert Advisors and copy trading via MetaQuotes Signals.
How long do withdrawals take with Gerchik & Co and are there any associated fees?
Withdrawal processing times with Gerchik & Co vary by method. E-wallet withdrawals can be same-day, while bank transfers typically take up to three business days. Withdrawals to bank cards can take 1 to 14 days. Fees are charged by payment systems, such as 2% for Mastercard withdrawals and €20 for SEPA bank transfers.
Does Gerchik & Co offer negative balance protection for its traders?
Yes, Gerchik & Co provides negative balance protection. This feature ensures that clients cannot lose more than their deposited funds, safeguarding them from falling into debt due to market volatility.
Can I trade cryptocurrencies as CFDs with Gerchik & Co?
Yes, Gerchik & Co offers trading on Contracts for Difference (CFDs) for cryptocurrencies. The broker provides access to 105 CFDs on various cryptocurrencies, allowing traders to speculate on their price movements without owning the underlying asset.
Is there an inactivity fee charged by Gerchik & Co for dormant trading accounts?
No, Gerchik & Co does not charge an inactivity fee for dormant trading accounts. This policy means clients won’t incur charges for periods of non-trading activity.
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