About its history and mission
Gerchik & Co was set up in 2015 by Alexander Gerchik, a successful trader and market educator. The company is focused on delivering high-quality brokerage services with the goal of educating and aiding the trading community.
- Founded
- —
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- More than 360 trading instruments
- Permission to use expert advisors and other tools for technical analysis and trade automation
- High order execution and market operation speed, achieved through collaboration with 15 liquidity providers
Weaknesses
Safety and Regulations
Gerchik & Co operates under the regulatory authority of the International Financial Services Commission (IFSC) in Belize, securing compliance through adherence to international norms of client fund segregation and transparency. The funds from clients must be remitted to segregated accounts, held by renowned banks, ensuring a secure and transparent process during transactions.
Regulators
- FSC
- MFSC
Instruments Available
Types of Accounts
Zero
- Minimum deposit
- $0
- Commission
- 1.0
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Mini
- Minimum deposit
- $0
- Commission
- 0.4
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Simple
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Silver
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Gold
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Platinum
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
Spreads start from 1.2 pips on Standard accounts, decreasing to 0.0 pips for ECN accounts, with a $4 cost per trade on Pro accounts. Typically, there are overnight charges for maintaining a trading position overnight, but Islamic swaps are available upon request from interested parties. Brokerage firms may charge a fee for inactivity on accounts, as defined in their terms and conditions for trading.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
Is this company regulated?
Which trading platforms are available?
How much money is required to open an account?
Does it provide various types of accounts?
What are fees and commissions imposed?
What is the highest leverage they provide?
Do they provide demo accounts?
How do you get in touch with customer support?
Users reviews
Сергей Евдокименко
Jan 3, 2025
Hello! My name is Sergey, and I've been a client of Gerchik & Co almost since it started. Back in 2015, I came across the company through a video by Alexander Gerchik, where he announced the launch of a brokerage firm specifically for traders, with the slogan "It's time for quality Forex!" What really drew me in was the fact that the company carries Gerchik's name. This shows how confident Alexander is in the quality of the services his company provides—he's willing to stake his reputation on it, which speaks volumes. Alexander Mikhailovich has chosen his co-founders wisely. I had the pleasure of meeting both Alexander and Ivan Kroshny in person, and their professionalism, honesty, and commitment to creating a reliable and comfortable environment for traders were evident. The company is built on principles like advanced technology, low trading spreads, high-quality service, and transparency. And these aren't just empty promises—they are backed by concrete details that truly make a difference. So, what are these details that led me to choose this company? - **STP Broker:** Traders receive direct quotes through STP and NDD technology from liquidity providers, eliminating any broker manipulation. - **Clearing Account at AMRO BANK:** A reliable European bank established in 1824, ensuring security. - **Fast Order Execution:** Orders are executed in 1-2 milliseconds, perfect for trading robots and scalpers. - **Spreads Starting from 0 Points:** Interbank spreads selected from over 20 liquidity providers, including major banks like Citi, JPM, and Deutsche. - **Fair Commission:** Ranging from $7 to $10 per round trip, depending on the trading account size. - **Wide Range of Instruments:** Over 50 currency pairs and more than 400 CFDs available. - **Unique Risk Management System:** Protects investors and traders by limiting daily losses and automatically disabling trading when critical risk levels are reached. - **TIMA Accounts:** Similar to PAMM accounts but with strict risk management to protect investors from irresponsible trading. - **Manager Ratings:** Successful managers can receive funds to manage directly from the company. - **Market Analysis:** Gerchik & Co offers video market analysis by A.M. Gerchik. - **Market News and Blog:** Featuring relevant articles, video lessons by Alexander Mikhailovich Gerchik, notes, and cheat sheets. - **Excellent Support:** Friendly and helpful support throughout the entire process, from account registration to resolving disputes. All these factors have positively impacted my trading results. I'm completely satisfied with my choice and the company overall, and I'm eager to recommend it to friends and acquaintances. To the company and its team, I wish continued success in introducing new services and staying ahead of the competition!
Влад Маурус
Jan 1, 2025
This brokerage firm has consistently impressed me over the past six years. I've been pleased with their services overall. However, I do miss the frequent in-person gatherings with traders that they used to host.
Vladimīrovičs Vladimīrovičs
Dec 21, 2024
I've had a positive experience with this broker and haven't encountered any problems.
Showing 1–3 of 7 reviews